PETONE BOROUGH
Financial Statement According to a statement presented to the council by the town clerk (Mr. W. F. Sturman), the Petoiie Borough Hances, despite the stress of unemployment relief, are In a most satisfactory position. The linancial year started on April 1 with a credit balance left over from the year 1929-30 of £2905/16/1. Receipts from general rates and Government subsidy amounted to £ 10,968/3/10. Refunds and contributions from other local bodies, including hire of material and instalments, sale of property amounted to £1703/3/6. Licenses and permits, including heavy traffic fees and petrol tax, brought in £5753/9/11; beach revenue, including bathing receipts and royalty on sand and gravel, £306/0/8; recreation ground receipts £3lO/13/2; sanitation receipts, £149/6/9; rents, £1645/2/-; other receipts, £333/1/11, making a total of £24,083/17/10. The expenditure was made up of expenditure on maintenance and improvements to streets and footpaths, £10,350/13/4; sewerage and sanitation, £1517/6/4; reserves, £1248/2/3; municipal building and clock maintenance, £134/5/8; cost of raising and renewing loans and legal expenses, £236/5/5; election and licensing expenses, £l7O/15/2; office expenses, £181; advertising and printing, £277; audit, £52/13/-; insurance, £193 10/4; honoraria and salaries, £2228/8/6; advanced to Plunket Society, £500; superannuation, £526; grants and subsidies, £310; amalgamation report, £lO7/19/-; Fire Board levy, £745; payments under Public Revenues Act, £lO5/11/5; bank interest and charges, £B5/16/11; library, £176/15/11; Jackson Street widening, £194 10/2; Interest and sinking fund, £1338/0/9; relief of unemployment, £1412/3/4; other expenditure, £717/0/4, thus leaving a credit balance of £1274/9/9. Some time ago Mr. Sturman instituted a reserve fund, and that now stands at £3929/12/6. prudent management for the year obviating the necessity of drawing on it during the year. The street lighting account was in debit 6/5. The cost of street lighting was £904 1/5. Rates were collected amounting to £B9B/8/9. and there was a balance from the previous year of £5/6/3. The hospital account was in credit from 1929-30 to the extent of £317/2/6. Rates produced £3077/12/-, making a total for 1030-31 of £3394/14/6 to pay the hospital levy *of £3164/12/8. There is. therefore, a credit balance of £230/1/10. Subscriptions to the library amounted to £l3l/19/3, and £176/15/11 was transferred from the general account, making the total receipts £303/15/2. The water maintenance account shows a credit balance of £546/3/5. On the receipts side there was a balance from 1929-30 of £1519/11/3. Rates produced £3351/7/7, the sale of water returned £971/15/9; other receipts, £lO2/4/8. Prudent management made it possible to pay interest and sinking fund charges out of revenue. Rates levied for the year 1930-31 amounted to £28,809/15/7, and £20,347/1/10 were collected, leaving outstanding £2462/13/9, made up of European £2131/19/7, Native £lB2/19/6, and Government £147/14/8.
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Bibliographic details
Dominion, Volume 24, Issue 182, 1 May 1931, Page 5
Word Count
436PETONE BOROUGH Dominion, Volume 24, Issue 182, 1 May 1931, Page 5
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