ONEHUNGA FINANCES.

Auckland Star, Volume LXX, Issue 105, 6 May 1939, Page 7

ONEHUNGA FINANCES.

ACCOUNT OF STEWARDSHIP. REDUCTION OF OVERDRAFT. In keeping with their election pledges when seeking the suffrage of ratepayers, last year, the Oneliunga Borough Council proposes to give an account of stewardship at a meeting of ratepayers to be held in the U.S.A. Hall next Monday night. The financial statement of receipts and expenditure, already made available, shows that during tlie council's lirst year of office the district fund overdraft was reduced by £3202, leaving a debit balance of £2720, a* against £."»9:U last year. The total receipts from all sources were £145.721 18/4, including ordinary revenue £-">7,44:5 14/1, labour subsidies £57,14(5 G/6 and call money £31,000. The disbursements were: —Ordinary payments £54.242 0/11, labour subsidies £57.146 tt/tt. call money £40.000. loan monies £7352 3/3. Including the labour subsidies, the council paid out the large sum of £70.053 gross wages and salaries, that is, permanent staff £11.074 lit/5, and subsidised wanes £58.078 1/1. Taking the receipt side generally, continued the report, nearly alfcthe items had exceeded the estimates. This was particularly lioticeable with the current rate receipts, and rate arrears, which amounted to £39.54, being £2348 and £1580 respectively. In addition to reviewing their work for the past year, it is understood the council will advise the ratepayers of their proposals for the current year to advance the town, and still furtlter reduce the overdrafts.