figure 4-35.Receipts and Expenditures Record entry showing composite balance carried over to the next month.
Obligations or commitments in excess of
current CASH assets of the fund
AUDITS OF THE RELIGIOUS
An audit of the religious offerings fund may
be ordered by the ccommanding officer at anytime.
An auditor will be appointed by the commanding
officer for this purpose.
The auditor submits the formal audit findings
in writing to the commanding officer and the
command chaplain after the audit is completed.
A copy should be retained as part of the
financial records of the religious offerings fund.
Religious offerings funds at Marine Corps
installations will be audited at the end of each
quarter by the area auditor. Formal audit findings
from these area auditors are submitted in a
manner similar to that used by Navy units. Audits
may be ordered at the following times:
At the close of the fiscal year
When the religious offerings fund admin-
istrator is relieved
When a religious offerings fund sub-
acount custodian is relived (partial audit)
When the religious offerings fund is
PREPARING FOR AN AUDIT
Auditing procedures may vary slightly from
command to command. However, the RPC or
RP1 should determine the following from time
to time and before an audit:
Do bank deposit slips, checkbook, and
bank statement balances all agree?
Does the sum of all account balances on
the Receipts and Expenditures Record equal the
Does the opening composite balance, plus
all receipts, minus all expenditures, equal the
closing composite balance as recorded on the
Receipts and Expenditures Record?
Have all purchases drawn from the reli-
gious offerings fund been substantiated by
consecutively numbered purchase orders that have
been signed by the fund administrator?
Has the commanding officer authorized
the establishment of a petty cash fund to make
Has the petty cash fund been replenished
monthly, or made often if necessary, by each
subaccount as disbursements have been made?
Has the religious offerings fund admin-
istration been appointed in writing by the com-
Have the various faith groups in the
Command Religious Program been authorized in
writing by the commanding officer to maintain
separate subaccounts within the religious offer-