CITY FINANCES

Press, Volume LXX, Issue 21147, 24 April 1934, Page 12

CITY FINANCES

SATISFACTORY REPORT EXPENDITURE AND REVENUE BETTER THAN ESTIMATED The statement on finances of the Christchureh City Council made by the chairman of the finance committee, Cr. J. K. Archer, to the meeting of the council last night, showed that to March 31 expenditure was less than anticipated by £4917, and revenue more than anticipated by £3501. Cr. Archer quoted the following figures for expenditure up to March 31:—

Cr. Archer stated that the figures indicated that the financial position of the general account was better than was estimated by approximately £8419 7s, though that figure was subject to alteration by reason of allowances and transfers, the amounts of which were not yet obtainable. Cr. E. R. McCombs congratulated the various chairmen of committees on the report. She thought £7OOO should be transferred to the electricity department's account. (Laughter.) The Mayor: You would have to get a seconder for any motion. (Laughter.) The report was adopted.

Committee. Expend. Expend. X a. d X s d. By-laws, finance, and departmental •15,-529 12 5 42,COS 1 11 Abattoir and reserves . . 10,555 13 7 10,163 1 8 Baths and e n t ertainmenti . . 1,000 7 0 1,186 0 9 Water supply, works, & sanitary 92.503 13 1 91,370 18 11 11. K. IvJcJ)oti£al} art pa 11 cry . . 5-3 3 9 16 1 15 11 Relief of employ-uio-nt — Works 11,7-72 5 8 10,062 18 10 Ke&crves 7,037 12 2 0,7 53 17 10 Totals 168,927 8 5 164,009 15 10 The following figures were given for the revenue account up to a similar date: — ItEVENUK Rri-eipts other than rates .. 45,021 2 11 Kevenue outstanding . . 1,501 18 2 General rate, 1933-31 (approw) collected 98,266 7 6 General rate. 3 033-31 (anprow) outstanding 13,600 0 0 General rate a •roars collected 7,653 9 2 Credit' balancf brought forward .A priI 1. 1933 6,383 5 1 Tufa I 172,429 2 10