Page 86 Advertisements Column 7

Press, 20 February 1988, Page 86

Public Notices DEPARTMENT OF ENGINEERING BASIC CAR MAINTENANCE VACANCIES still exist for this course for non-technical people who want a basic knowledge of the mechanical maintenance of their motor vehicle. Ten weeks duration on Thursdays, 7-9 p.m. beginning on February 25. Enrol by telephoning 798738 between 8.30 and 4 p.m. Department of Food and Fashion THERE are vacancies in the following part-time courses. CAKE DECORATION For Intermediate and Advanced skills. Thursdays: 5 to 7 p.m. . Fee $74. BAKING AND PATISSERIE WORK Dealing with yeast raised products, cakes, pastries, etc. Either Tuesday or Wednesday, . 6 to 9 p.m. Fee: $122. To enrol contact: Information/Enrolments John Hercus Centre COVENTRY STREET iTWM/p spwm ® associate (iwj DRIVERS MEETING WEDNESDAY, FEBRUARY 24, 8 P.M. AT CLUBROOMS. ALL drivers are urged to attend. SECRETARY/TREASURER FITNESS AND FELXIBILITY YOGA EVENING CLASSES Cashmere, Tuesday Merivale, Wednesday Kalapol, Thursday STRESS MANAGEMENT 6 week courses Monday evenings - Merivale To enquire please phone I. Smyth, 597-604. FLAGS ANYONE Interested In flying flags, their research and development, also in farming a New Zealand Association to affiliate with the International Vexillologlcal Federation. Please contact: M. Rodwell, 47 Brook St, NELSON.

MALVERN © MM 167 Statement of Payments and Related Sources of Funds Applied for the Year Ended March 31, 1987 DURING THE YEAR (the previous year’s expenditure being shown in the first column) the Council expended funds as follows: Actual Estimate Actual 1985/86 1986/87 1986/87 Expenditure 468,604 Administration and Central Services 588,235 595,281.50 1,270,160 Roading 1,184,920 1,184,067.52 63,636 Drainage and Sanitation 66,950 71,223.85 470.878 Water Supply 326,370 411,830.82 47 Land Drainage 3,000 79.29 77,735 Recreational and Cultural 156,846 148,897.30 129,177 Housing and Property 170,500 179,732.55 45,149 Pest Eradication 71,550 58,698.23 14,148 Cemeteries. 14,900 11,226.06 994,791 Other Activities 885,731 918.152.02 3,534,325 Total Funds expended during the year. 3,469,002 3.579,189.14 This expenditure was financed by: Revenue 1,617,892 Rates 1.676,830 1.700,751.64 30,312 Petroleum Tax 35.580 31,208.58 730.878 Government Subsidies and Grants 814,809 758,417.98 688,963 Licence Fees and other charges 806,479 827,518.61 Loans, Special Funds and Trust Funds 37,000 Loans applied during the year 100.000 80,000.00 332,419 Special Funds applied during the year 355.530 423,570.89 3,437,464 Total Funds applied during the year 3,789.228 3.821,467.70 110,743 Less Transfers to Special Funds 68,555 75.971.70 Less (Plus) increase (decrease) in General Funds calculated as follows: Cr Balance March 31, 1987 50,815.41 Less Dr Balance April 1, 1986 (115,491.45) (207,604) 251,671 166.306.86 3,534,325 Expenditure as Above 3,469,002 3,579,189.14 In addition, the Council held other funds at March 31, 1987, as follows: 0 Loan Funds 0.00 190,539 Special Funds 113.024.65 998 Trust and Bequest Funds 1.182.78 191,537 Total 114.207.43 Statement of Money Owing as at March 31, 1987 The Council was owed in respect of unpaid rates, subsidies, grants, and reimbursements: 260,454.56 Less: Provision for Doubtful Debts 12,500.00 Nett Debtors: 247,954.56 The Council has made advances to March 31, 1987, totalling: 29,312.00 The Council owed creditors for the supply of goods and services up to and including March 31, 1987: 210.756.31 Public Debt as at March 31, 1987 Gross Public Debt — as per Statement: 1,128,764.01 Less: Sinking Funds Held 102.388.71 Public debt Nett of Sinking Funds: 1.026,375.30 Less: Rural Housing Loan Balances 607.516.57 Nett Public Debt: 418,858.73 Notes on Accounting Policy: 1. These Financial Statements have been prepared on a cash basis: Expenditure is recognised when an invoice for the supply of goods and services is received, but such accruals are reduced to zero at March 31, and the expenditure is effective on a cash basis at that, date. Revenue is recognised when money is received by the Council: as in past accounts, major Government subsidies are included if received within 21 days of balance date. These amount to $366,612 (1985/86 $141,836). 2. Roading and Plant on-costs have been offset against the Administration/Central Services expenditure, as has the nett GST ($33,411) held at March 31, 1987. 3. Accounts are shown on a nett-of-GST basis apart from the March 31 balance noted at 2). The Audit Office, having been appointed in terms of Section 25, Public Finance Act 1977, has audited the financial statements of the Malvern County council. The financial statements reported on comprise the Statement of Payments and Related Sources of Funds Applied and Statement of Money Owing. The audit was conducted in accordance with generally accepted auditing standards and practices. In the opinion of the Audit Office, the financial statements fairly reflect, in the form prescribed by regulation lOfcof the Local Government (Territorial Authority) Accounting Regulations 1979, the financial! position of the Council as at March 31,1987, and the financial results of operations for the year ended on that date.