"
GOVERNMENT GRANT ACCOUNT
11. LEDGER ACCOUNTS FO GRANT TRANSACTIONS WERE MAINTAINED IN THE REQUIRED FORM (SEE PARA 3 ABOVE) BUT THE FOLLOWING ERRORS OR OMISSIONS WERE DISCOVERED:
A. INCOME FROM HIRE OF SCHOOL PREMISES NOT CREDITED TO CAPITATION
GRANT ACCOUNT.....DOLLARS 3,062.12
B. AMCUNT INCORRECTLY CHARGED TO JANITOR STAFF GRANT ACCOUNT
(SEE PARA 20 BELOW)......DOLLARS 63,980.00
C. AMOUNT INCORRECTLY CHARGED TO ADMINISTRATION GRANT ACCOUNT
DOLLARS 18,210.00
TOTAL AMOUNT DUE TO GOVERNMENT GRANT ACCOUNTS..... DOLLARS
85,252.12
OTHER SCHOOL FUNDS
12. LEDGER ACCOUNTS OF TONG FAI RECEIPTS AND DISBURSEMENTS THEREFROM WERE MAINTAINED IN THE REQUIRED FORM (SEE PARA 3 ABOVE).
1DURING EARLIER INSPECTIONS OF THE SCHOOLS ACCOUNTS BY EDUCATION DEPARTMENT STAFF ON 4 DECEMBER 1974 AND 25 JUNE 1976, THE SCHOOL AUTHORITIES WERE ASKED, INTER ALIA, THE FOLLOWING TWO QUESTIONS ON EACH OCCASION:
A. DID THE SCHOOL OPERATE SALES OF EXERCISE BOOKS, TEXTBOOKS OR
SCHOOL UNIFORMS ?
B. DID THE SCHOOL OPERATE A TUCKSHOP ?
ON EACH OCCASION THE THEN PRINCIPAL AND SUPERVISOR, SISTER LEUNG,
ALLEGED THAT EXERCISE BOOKS AND BADGES WERE SOLD BY THE SPONSORS AND NOT THE SCHOOL. SHE ALSO ALLEGED THAT THE TUCKSHOP WAS SIMILARLY-OPERATED BY THE SPONSORS AND NOT THE SCHOOL, AND THAT AIL
ELECTRICITY WAS SEPARATELY METERED AND PAID.
*
14. IN CONNECTION WITH THE AUDIT OF THE SCHOOLS ACCOUNTS TO 31 MARCH 1974, 31 MARCH 1975 AND 31 MARCH 1976, RESPECTIVELY, THE THEN
PRINCIPAL AND SUPERVISOR, SISTER LEUNG, FURNISHED A CERTIFICATE
TO THEIR PROFESSIONAL AUDITORS ON EACH OCCASION PURPORTING TO SHOW THAT NO PROFIT OR LOSS AROSE TO THE SCHOOL FROM ANY SALE OF TEXTBOOKS, EXERCISE BOOKS OR UNIFORMS, ETC (SEE PARA 10 ABOVE).
15. PRIOR TO THE INSPECTION OF THE SCHOOLS ACCOUNTS IN 1977, THE EDUCATION DEPT HAD NO REASON TO QUESTION THE AUTHENTICITY OF THE POSITION INDICATED ABOVE. THE DEPT ALSO DID NOT HAVE THE POWER TO REQUIRE THE SPONSORS TO PRODUCE (OR TO MAINTAIN) ACCOUNTS
OF ANY
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