Department of Institutions. State Board of Pardons; Report On Examination of Financial Statements 1973

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RECOMMENDATION: We recommend that the Department: 1. Notify the State Treasurer of the existence of the revolving fund.
2. Establish the fund in the Statewide Budgeting and Accounting System as a contingent revolving fund.
The Department has a checking account in a local bank for small, no-interest loans to parolees and probationers. These loans are designed to assist parolees and probationers until they re-establish themselves. The original amount estab- lishing the account in 1971 was a $1,50
...0 Federal grant received through the State Board of Crime Control on an experimental basis. It was set up as a re- volving fund and the original $1,500 was loaned, with the provision that repay- ments be returned to the account for further loans.
A recent Management Memo, 2-73-8, states that Sections 79-301 and 79-306, R.C.M.
1947, "preclude any state agency from maintaining a non- treasury bank account without the approval of the State Treasurer and the Board of Investments. This approval must be in the form of a 'Request to Maintain a Non-Treasury Bank Ac- count' ." THE BOARD OF PARDONS DISCUSSED THIS RECCMMENDATION WITH THE DEPARTMENT AND WE WERE AGREEABLE.


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