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 OFFERINGS FUND 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 dissolved 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 composite   balance? 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 miscellaneous  purchases? 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- manding   officer? 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- ings  fund? 4-35