BOROUGH FINANCE.

Gisborne Times, Volume XLIX, Issue 4852, 25 April 1918, Page 6

BOROUGH FINANCE.

ESTIMATES FOR. 191 S-19. On Tuesday night estimates of receipts and expenditure of the Borough Council were placed before councillors and adopted. “The annual estimates were duly considered and adopted as per details attached, and_ it was decided that the electrical engineer’s salary be increased by £25 per annum, and E. Sharpies to receive 10s a week extra by Avay of war bonus. Applications from two of the* staff for increases were held over pending receipt of information as to what is paid in other boroughs of similar size. The engineer was asked to draw up or report on expending the quarry line money on roads setting out each street to receive attention together with description of work to be undertaken and amount allocated for same. “The carrying 5 47-64ths of a Id out of the estimates as passed will involve a total rating of Id in the £ being, general rate 2ld and special whole district rates 3 15-64t4hs of Id in the £, in addition to which there are small special area rates to be collected on Gisborne of l-32nd of Id. Te Hapara 1-th. and Derby streetdistrict 7-16th. It will he noticed that the general rate is the same as last year, whilst the special whole district rates show a decrease of 43-64ths of Id, and Derby street bridge rates 5-64ths less, the Kaiti special rate 'not being collected this year owing to the balance in hand being sufficient to meet interest. PROPOSED EXPENDITURE. (General Account.) £ Dr. Balance 31/3/18 25,010 Outst. Accounts (about) ... 1,016 Int. on Overdraft and temporary Loans ... 950 Sanitation 2,204 Maintenance SeAverage System • ... ... 1,575 Miscel. Expenditure, Charitable Aid Levy, etc. ... 2,900 Reserves and House Prop. 571 Administration 2,655 Streets Maintenance 12,661 Water Supply ... 3,094 Abattoirs 300 Electric Light Dept. ... 12,523 Tramways Revenue Account 2,779 Interest Accounts ... ... . 23,051 Total v £91,594 MONEYS AVAILABLE. (General Account.) £ Bal. Government subsidy on rates and outst. a/c. (say) 612 Advance Government subsidy on rates ... •• • 338 Fees: Dog tax, building, .licensing, etc. ' .'.. 400 Licenses : Hotels, etc 400. Sundry other licenses ... ... 1,100 jßents, etc. '.. ... 900 Miscellaneous 1,565 Bal. proposed to be met by a gem rate of 2/d in the £ on £1,370,000, being the unimproved rateable value of property on the valuation roll of the Borough of Gisborne ... ... 14,270 Leaving an estimate overdraft on 31/3/19 30,000 Sale of water and house connections 2,000 Salance and Fees Abattoir 300 lectric Light Revenue from current, etc. (including balance £947) ... ... 12,250 Tramways Revenue from service ... 2,450 Loan Interest A/c. (as per schedule) 23,051 Charitable Aid Rate 11-32nds 1,953 Total £91,594 “This „jnakes a total rating of 5 47-64ths of Id, being genei’al rate 2/d, and special whole district rates 3 15-64tlis in the £. in addition to which there are small special area rates teo he collected on Gisborne, Te Hapara and Derby Street districts.