CITY'S BALANCE-SHEET

Evening Post, Volume CV, Issue 91, 17 April 1923, Page 8

CITY'S BALANCE-SHEET

SURPLUS FOR LAST YEAR

CREDIT OF £14,519.

A healthy credit balance is revealed in the statement of receipts and .expenditure of the Wellington City Council for the financial year ended 31st March, 1923. The Government Auditor has just completed his inspection, of the books "of the council, and the figures were made available for publication to-day. Last year a debit balance was disclosed on the year's operations of about £42,000; the twelve months just closed yield a credit balance'of £14,000. When allowance is made for several commitments made by the council in its estimates and riot provided for in the statement a small credit remains. : The detailed statement is as follows:— RECEIPTS. Bates.—Arrears, £10,771 2s lOd; current, £280,869 16s; total, £291,640 18s lOd; additional 10 per cent, £745 16s sd. Rents.—Reclaimed land, £35,595 15s 9d ■ street widening, £7936 ■ 13s sd; Pahiatua, £782 lls 7d; sundry properties, £934 3s lOd; market reserve, £1507 17s; total, £46,757 Is 7d. " Licenses, £9829 9s 2d. Building fees, £2981 10s. Waterworks.—Water by meter, £16,----238 13s lOd; repayments, £1470 13s 6d ; total, £17,709 7s 4d. Baths, £847 9s 4d. . Town Ha 11,.£3347 lls 4d. Libraries, £3025 18s 4d. Cemetery, £2662 19s. Crematorium, £138 12s. Public libraries, £701 0s 7d. Reserves: Rent, fees, etc., £7992 0s sd. Zoo, £1162 7s sd. Cost of summonses repaid, £127 18s Id. Fire brigade: Rent arid services, £4619 15s 9d. Miscellaneous: Wellington Gas Co., £809 10s 6d; Hutt road repayments, £2417 17s; Sinking Fund Commissioners, £400. Interest on overdraft (tramways), £3293 17s. Interest on overdraft (milk), £862 17s. Deferred payment, drainage, Miramar, £173 8s 3d. Housing repayments, etc., £4914 3s 3d. Properties sold, street widening, £1021 0s sd. Encroachment fees, £125 7s 6d. Rate subsidy, £450. Total, £408,766 16s 6d.. EXPENDITURE. Street works, £55,909 16s lOd. Scavenging and street "watering, £18,----600 Is 7d. Collection and destruction of refuse, £17,674 Is lOd. Town Hall. £2401 Is 6d. . Drainage, £14,117 15s 9d. -, Fire brigade, £15,678 7s 7d. Waterworks: Working, £31,721 10* lid. Street: lighting, £8720 3s 6d. Reserves, £20,048 2s sd. . Salaries, £18,027 2s 3d.... ... . Baths, £566 3s Bd. ' '. Public lavatories and bathing ghedi, £2380 17s 2d. Libraries, £5933 15s 9d. Sanitary Services, £1559 lls.: ■ Cemetery., £2054 16s lld^-, : '„,; Crematorium, £8 13s 9^'"', .•.•;?■' Hospital and Charitable Aid Board instal., £32,929 2s. - ' '': •Zoo; £3455 13s lid.:..'-. \ ;' ;■:/, ■. .. Coet of summonses^ £165..-' '' ! Dor collars and food, £596 10s Bd. Repairs Corporation Property, £288 17s lid. . •■■'"..■, Motor workshops, £1666 3s 3d. j Printing-, advertising, and. stationery, £2117 7s Bd. Miscellaneous, (including eleotions, office expenses. le?al. fuel,,.lightine, and insurance), £17,842 5s 7d. Interest on loans, £78,859 lls lOd. Interest on overdraft at bank, £3997 4s. Interest on Tramway loan deposit, £8385 12 6 lid. Honsintr. £197 19s 3d. Sinking funds, £19,255 4s sd. Hutt road maintenance. £3600 4g lid. Lyall Bay. £404 3 3 9d. Superannuation, £4179 2s 3d. Public Health, £905 19s Bd. Total,- £394,247 6s sd. Credit balance, £14,519 10s Id. SPECIAL RECEIPTS AND EXPENDITURE. Receipts.

Balance as above, £14,519 lOp Id. Deposits, contractors and plumbers, £1652 11s. Broadway Estate. £428 65 3d. Property sold, £1680 16e. Property sold Hutt road (Govt.l, £1080 10s.' Unemployment relief fund, £2502 16« 7d. ' ; Melrose district drainage advance, repaid, £1352 17s sd. ' • Nairn street and Prince of Wales Park from loan account, £1000. Total. £9767 17 8 3d Grand total. £24,287 7g 4d. Expenditure. Drainage account, Broadway Estate, £1205 6s lOd. Unemployment Relief Fund, £3677 0s lid. Technical School grant £5000. Total, £9883 7s 9d. Balance. £14,403 19s 7d. The following commitments have to be allowed against the above credit balance:— Mechanical fire ladder, £2800. Stokes Valley and Pukurata Stream Bridge, £1000". Balance of costs, etc., antecedent liability loan, £3986. Land at Mount street, £2677. Street widening loan sinking fund, £1021. Legal expenses, £500. Total, £11,984. A credit balance on the year's working is thus shown of £2419.