Chapter 1059: The Land Was Acquired
Aunt Chen widened her eyes: "Are you planning to get your hands on that one million yuan donation for ngng Kindergarten? That money wasn’t donated to our Street Office, it was donated to ngng Kindergarten. So, it still belongs to ngng Kindergarten!"
There was sothing else she didn’t say: it was ngyu who went to find soone to donate that money. She was certain that to bring back such a large donation, ngyu must have spent a considerable effort.
The money she worked hard to get, could she possibly use it for soone else?
Director Zhang frowned and glanced at Aunt Chen: "Who exactly is in charge at your Street Office?"
Director Qiao was imdiately pricked and said to Aunt Chen, "In our Street Office, I have the final say. I order you to withdraw that one million yuan donation, buy this piece of land, and after deducting the funds for buying the match factory’s land, the remaining money should be transferred to the Street Office’s account. We will find another place to build the kindergarten’s building."
Aunt Chen was taken aback: "Impossible."
She thought of sothing and suddenly smiled: "Director Qiao, ngng Kindergarten isn’t ours, it belongs to Yuxing from Xiangjiang, and any use of the kindergarten’s money exceeding one thousand yuan must be signed and sealed by Ms. Yu, the legal representative.
So, the idea of withdrawing the kindergarten’s money is simply impossible."
In fact, ngyu had given Aunt Chen significant authority, although the regulations required that all expenditures exceeding one thousand yuan must be stamped by the legal representative.
However, ngyu had given Aunt Chen the private seal of Yuxing and the official seal of ngng Kindergarten, leaving it entirely up to her.
Therefore, when she said the money couldn’t be withdrawn without the legal representative, it was rely an excuse.
"How could that be? The kindergarten’s finances have always been managed solely by you, you can authorize and spend directly, there’s never been a need for , the Street Office Director, to sign and seal for expenditures."
Aunt Chen smiled wryly: "Director Qiao, you should know, our Street Office has no money, and our street kindergarten has even less. So there’s no such scenario of you signing off on financial matters.
Let reiterate, the one million yuan donation you ntioned isn’t in our Street Office’s kindergarten account but in the account of ngng Kindergarten, whose legal representative is Yuxing.
And the owner of ngng Kindergarten is Yuxing. Even if I wanted to move that money, I couldn’t do it."
"Back when ngng Kindergarten was buying land and constructing buildings, wasn’t it under your managent? Wasn’t the finance in your hands?" Director Qiao was a bit incredulous.
"Indeed, the finances were with , but I had no authority to spend it. The money used for construction was provided via pre-signed checks by Ms. Yu. Without such a system, how could she rest assured to hand over the accounts to ?"
Director Qiao was aware of this financial managent system, where bookkeeping and accounting were separated, and significant financial transactions required the signature and seal of a legal representative.
Therefore, although he just shifted the concept saying the donations weren’t private fund, thus usable, he forgot that although the funds went into the kindergarten’s books, they went into the account of the privately-run ngng Kindergarten, not the one run by the Street Office.
Taking out this money might really be difficult!
Taking money out of public pockets is easy, but taking money out of private pockets is extrely hard.
"Then tomorrow, go talk to Yuxing, tell her that higher-level authorities have requisitioned this piece of land, the land price will be refunded to her, but she must vacate the kindergarten," Director Zhang said.
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