The Weekly Newspaper serving the citizens of Morenci, Mich., Fayette, Ohio, and surrounding areas.

  • KayseInField
    IN THE FIELD—2004 Morenci graduate Kayse Onweller works in a test plot of wheat in Texas. She’s part of Bayer CropScience’s North American wheat breeding program based in Nebraska, where she completed post-graduate work in plant breeding and genetics.
  • Front.winner
    REFEREE Camden Miller raises the hand of Morenci Jr. Dawgs wrestler Ryder Ryan as his opponent leaves the mat in disappointment. Morenci’s youth wrestling program served as host for a tournament Saturday morning to raise money for the club. Additional photos are on the back page.
  • Front.bank.2
    SHERWOOD STATE Bank opened its Fayette office at a grand opening Friday morning, drawing a large crowd to view the renovated building. Above, Burt Blue talks to teller Cindy Funk, while his wife, Jackie, looks around the new office. The Blues missed the opening and took a quick tour on Tuesday. Few traces remain of the former grocery store and theater, however, part of the original brick wall still shows in the hallway leading to the back of the building. The drive-through window should be ready for customers later in the month.
  • Front.carry.casket
    CARRYING—Riley Terry (blue jacket) and Mason Vaughn lead the way, carrying an empty casket outside to the hearse waiting at the curb. Morenci juniors and seniors visited Eagle Funeral Home last week to learn about the role of a funeral director and to understand the process of arranging for a funeral.
  • Front.lift
    MORENCI student Dalton McCowan puts everything into a dead lift attempt Saturday morning during the Wyseguy Push/Pull event. Lifters helped raise more than $1,600 for the family of the late Devin Wyse, a former Morenci power-lifter who graduated last year. Commemorative T-shirts are still available by contacting teacher Dan Hoffman.
  • Front.make.three
    FROM THE LEFT, Landon Wilkins, Ryan White and Logan Blaker try out their artistic skills Saturday afternoon at the Morenci PTO’s first Date to Create event. More than 50 people showed up to create decorated planks of wood to hang from rope. The event served as a fund-raiser for miscellaneous PTO projects. Additional photos are on the back of this week’s Observer.
  • Front.F.office
    NEW OFFICES—Fayette village administrator Steve Blue speaks with tax administrator Genna Biddix at the new front desk of the village office. Village council members voted to use budgeted renovation funds targeted for the old office and instead buy the vacant bank building on the corner of Main and Fayette streets. The old office was sold to Sherwood State Bank. When everything is put into place in the spacious new village office, an open house will be scheduled. Council member David Wheeler donated all of his time needed to make changes in the bank interior to fit the Village’s needs.

Fayette audit leads to changes 09.15.2010

Written by David Green.

By DAVID GREEN

Fayette’s semiannual financial audit listed a few faults with the accounting practices used by the village which will lead to some changes in procedure.

The state audit covered financial statements ending Dec. 31, 2008, and Dec. 31, 2009.

Two findings are classified as a “material weakness,” meaning that a deficiency in internal control might allow for the misstatement of the village’s finances.

The first finding covered two problems: the failure to establish separate funds for loan and grant money received in both years, totaling $220,000; and failure to establish a separate fund for an American Recovery and Reinvestment Act grant of $9,990, as required by federal law.

In the future, village fiscal officer Lisa Zuver will  establish separate fund lines.

The auditor also faulted the village for failing to supply adequate documentation of park board revenue.

In response, the village will use a donation form, with all donations receiving village council approval.

Registration forms will be used for summer ball and other programs to provide documentation of fees paid.

Modifications were made to the concession stand inventory sheet, as recommended by the assistant auditor working for the state.

Numbered tickets were used for the Music Fest last month for reconciliation with the admission money collection. Finally, park deposits will be reconciled monthly with the park director and utility administrator.

Two findings were categorized as showing “significant deficiency”—less severe than material weakness but still meriting attention.

In 2009, park levy funds totaling $3,997 were recorded in the general fund rather than the park fund. This was done in error, Zuver said.

Also in 2009, income tax receipts and the amount listed in the accounting system varied by $3,937. No determination could be found to explain the difference.

In the future, better documentation between the tax administrator and the village fiscal officer is planned, along with monthly reconciliation.

Another finding addressed the need for a purchase order before an expense is made in order to certify that sufficient funds are present to cover the cost.

Zuver said a “then and now” purchase order—as permitted by the state—would be used that certifies when an order was placed (“then”) and when the fiscal officer completes certification (“now”).

Village council has 30 days from receipt of the order to approve payment. Amounts less than $3,000 may be paid by the fiscal officer without a resolution or ordinance upon completion of the “then and now” certificate.

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