ROAD BOARD FINANCE.

Marlborough Express, Volume XLII, Issue 90, 15 April 1908, Page 7

ROAD BOARD FINANCE.

CREDIT BALANCES

AWATERE BOARD

_ Ihe Secretary of the A water c Road Board presented a drafts balance-sheet to the Board yesterday, showing the financial position for the year endino31st March. GENERAL ACCOUNT. Keceipts.—The receipts for the general account in total amounted to £3/05 15s lid, made up,of rates for the year £3038 0s Bd, which together with overdue rates 1906-7, 16s 83, ten per cent .addition to rates 1907-8, 18s 9d, and ten per cent, added to the overdue rates Is 7d, made a total receipt from rate sources of £3039 17s Bd. The Government subsidy for the year 1907-8 amounted to £375, and the balance of the subsidy for 1906-7 amounted to £125, making a total of £500 from this source. Dog registration fees, £79 7s 6d. Licensing fees totalled £38 3s, the gold revenue as allocated by the County Council. £1 15s Od, and miscellaneous receipts £46 12s. ■- • , . Disbursements.—Debit balance on Apr ' Ist, 1907, £439 17s 3d. The cost of administration (salaries of secretary and other officers, together with postage, advertising and printing) amounted to £215 0s lid. Dog. registration £38 0s sd, charitable aid £480 1 19s 4d. The miscellaneous expenditure totalled £270 6s 6d, the chief items under this head being: Revising valuation roll £53 16s 6d, interest on overdraft £47 9s 9d,- travelling allowance to secretary £26, travelling expenses of members £10 11s 6d, fencing £20; 10s, rent and rates £14 Is Id, j and preparing plans for. exchange of | roaas, Laiids " and Survey Department;, £15. This made a. total expenditure of £3023 12s lid, as against £3705 15s lid, leaving a credit balance to the geneial account at the bank on 31st I March of £132 3s. Considering that' some few years ago the Board was in debt to the tune of about £800, and the <?^it bal: V lce last year amounted to i 439 10s, (he present financial position was cmi lently satisfactory. LAND FUND ACCOUNT. Ihe Land Fund Account was also in a, nourishing position, the returns showing a credit balance for the year of £158 8s sd. This amount, however was merely the balance carried forward froir- 1906-7, as last year there were neither _ receipts nor expenditure in connection with the account. ■ ' LOAN ACCOUNT. Of the loan of £4000 borrowed from the Government, only £3000 had as yet been received, out of which the sum of £2395 8s 7d had been expended on the roads and bridges for which it was intended. There was at present

a ci edit balance to the loan account of £604 Us sd. The money spent had been distributed as follows:—^Roadmaking machinery and plant, £728 6s 6d, cost of raising the loan and first, year's interest £159 6s 6d, constructing new roacl Dumgree £341 12s sd, Riclimond Brook road £114 15s, King's Flat road £33 9s 4d, Grassmere to Clarence Bridge £905 9s, protective works Woodman's Bend £112 9s lOd; total, £2395 8s 7d. .. CEMETERY ACCOUNT . The Cemetery Account showed a credit balance of £12^15s sd. BALANCES. THe following were the balances (all credit) of the various accounts: — Loan account, £604 11s sd, general account £182 3s, land fund account (carried forward from the previous year) £158 8s sd, contractors' deposit account £35, cemetery account £12 15s sd. The total of the credit balances on 31st March last amounted to £99z 18s 3d.