BOROUGH FINANCE.

Hawera & Normanby Star, Volume XLII, Issue XLII, 13 April 1922, Page 5

BOROUGH FINANCE.

STATEMENT FOR THE YEAR

. I An abridged statement of receipts : aiKf expenditure by the borough , Council for the year ending March 31 . was presented by the town clerk (Mr. 1 Elliott) at the meeting of the council , last evening as follows: — ; i GENERAL ACCOUNT. ; Expenditure—Balance £8053 ls xßd, public works £6624 6s 6d, offices £873 4s sd, printing, advertising, and sta- ) tionery £278 19s 9d, baths £247 8s Id abbatoir £1226 19s' 7d, park £1663 7s i lOd, law £104 12s 6d, reserves £183 ; 13s 2d, library £296 8s 7d, interest and sinking fund £1499 18s LOd, miscellaneous (including bank interest) £2659 , Is 4d; total £21,711 9s 3d.. Receipts—Rates £5256/ 16s 3d. I , licenses, etc., £1177 3s, reserves, rent, I etc., £1972 3s Id, sale cottage £450 2s 6d, baths £112 16s 9d, abattoir £1279 19s, park £589 0s lOd, library £316 »12s lid, reimbursements loans I £2476 4s 3d, exhibition war trophies j I £124 os. 6d, "sundries £971 18s lid,l j transferable from water account £2083 Us lOd. balance £6535 16s 8d: total [ £23,711 9s. WATER ACCOUNT. Expenditure—lnterest, sinking fund, etc., £1418 13s 4d, engineer, material, labour, and sundries £727 17s 3d, tower (labour, caretaker, etc.) £72 8s Bd, balance transferable to general account £2083 lls lOd; total £4302 11s Id. I Receipts—Rates £2542 Is 3d, extraordinary supply £1583 7s Id, reim- • bursements £79 2s 6d, tower fees £94 14s 9d, refund insurance premium £3 (6s 6d;; total £4302 lls 3d. j CEMETERY ACCOUNT. ?■. Expenditure—Balance March 31 ■ 1921, £269 13s 2d, custodian, material, j and labour £220 7s lid, survey and j pegs £116 14s; total £606 15s Id Receipts—Sites, interment, and cleaning £122 7s 6d, rent £16 13s 4d. balance £467 14s 3d; total £606 15s Id. ANTECEDENT UABILITY. Debit—General account £8619- 8s 6d cemetery account £467 14s 3d: total £9087 2s 9d. Credit—Water account £2083 lls . lOd, deposits footpaths £20, hospital tate £121 19s 4d, interest and sinking . fund £30,000, loan £759 19s' 6d, rate , interest £7368, loan (special" rate) £110 18s 2d; total £3096 8s lOd. Actual debit over all' accounts £5990 17s lid. j Amount as per pass book (less lodg- ■ nient on April 5 £235 14s Id) £5990 13s lid. i APPROXIMATE OUTSTANDINGS. ! Rales—General £692 18s 2d, water j £329 19s Ud, specials £248 16s lOd and ! £33 lls lid, hospital £84 18s Id, rent j £224 15s, reimbursements (county £247 7s lid) £425 2s 7d, extraordinary , water £262 12s Id, park (bowling and I tennis clubs) £80, amount owing to general account by £""20,000 loan £4601 14s lid; total £2843.9s 4d. , On the £20,000 loan a sum of £5287 14s 8d has been expended, and on the ! £15,500 loan the expenditure totalled • £5318 15s. j The Mayor said that last year they | had an overdraft of £8053, and this' had been reduced to £5990, or by about! £2000 in twelve months. Councillors and burgesses would, he hoped, appre-! ciate the position disclosed. They had accomplished what they had set out to » do, and had been muck assisted by Mr. ' Sturrock in keeping the expenditure -within the desired limits. The espendi- ' ture on the.park, £1663, was not so' ; bad as it looked. They had receipts amounting to £589 (£3OO from the late I Mr. Parkinson, £100 from the Beauti- : fymg Society, and about £80 to collect from clubs), so that their actual expenditflfre was about £1000. Cr. Reid: That is still a large amount. The Mayor: It is, but the position is not so serious as it looked. Money had been spent on the pavilions arsl in ploughing which would not Lq recurring. . Cr. Cameron said he was sorry that the chairman of the park-and reserves committee was not present to hear the discussion. I Cr. Osborne said that repairs to the bond rotunda authorised at la.st meeting had been carried out at a third cf the estimated cost.