THE YEAR'S WORKING.

Taranaki Herald, Volume LIV, Issue 13635, 14 April 1908, Page 7

THE YEAR'S WORKING.

At last night's meeting of the Borough Council the Finance Committee submitted a detailed statement showing* the estimated receipts and expenditure compared with the actual receipts ami expenditure for the year ended March 31st, 1908. The estimated receipts for the period were made up as follows :-—• Government subsidy, £336; licenses under Licensing 'Act, £355; licenses under borough by-laws and Auctioneers Act, £400;* rents preserves), £520 ; reimbursements (streets), £70 j water works services, £50; dog registration, £120; rent of • Town Hall, £10; sundries, £50; baths, £100; abattoir, £1500; library, £200; electric light (including £600% street lighting), £2000; oemetery,, £10; special rate of lOd m the "£, £2250; water rate, £750; extra water supplies, £1100 ; 10 per cent., penalty- on rates, £40; general rate, £4725. The actual receipts had been; — Government subsidy, £336 ss; -licenses under Licensing Act, £363*; licenses under borough by-lawk and Aueteonq&r's •Act, £476 2s; Tents (reserves),* 2|05 los 8d; reimburseiienis, £117 15s 2d ; water works services, £117 2s; dog registration, £101 2s 9d; rent Town Hall, £21 10s 6d ; sundries^ £336 4s ; baths, £89 12s 6d; ab.atfoiK , £\&9 18s 8d ; library, £200 Bs 9d ; electric light, £2599 7s 2U ; cemetery, .£162 16s sd; special rate, £2283 15s 7d ; water rate, £785 4s lOd ; -extra water supplies, £1225 5s 7d ; 10 per cent, penalty, £41 13s Id; general rate, £4742 8s 2d. •^ *The total estimated receipts for the period amounted to £14,736, whilst the* actual amount received was £16,484 7s lOd. r . The expenditure was as follows: — Office— Estimated £804, actual £830 8s 2d; streets, £2824 and £2783 I6s 7d ; , reserves, £80 and £94 il2s sd ; Town Hall, £130 and £116 10s 3d; subsidies, £730 and £694; abattoir (general expenses), £1500 and £1477 13s 6d j .library (general expenses), £200 and £180 0s 7d; cemetery (general expenses, £160 and £213, Is. lOd ; general, £716 and £535 7s Id; Waiwakaiho bridge, £100; interest on N loans, including sinking fund ' and' interest on electric light loans, £4400 and £4405 Is 3d; elections, £35 and £21 15s 10d ; general expenses ,on baths, , £195 and £236 19s 4di promotion of" classes at Technical School, £50 and £50; contingencies; £417 and £329; water works, £720 and £1049 19s 8d; street lighting and. Town Hall, £600 and £60Q; electric light maintenance, £1075 and £1352 16s sd. The total estimated expenditure was £14,73 ft against an actual expenditure of £14,972 12s 3d. The credit balance remaining at March 31st w«j <£1511 15s It must be borne ' in "mind, however, that the, abattoir, library and cemetery accounts were for certain reasons, last yeai* included in the revenue account, although their funds 1 were not revenue. These three accounts together showed a net credit balance for thp year of £359 8s 3d, so that to arrive at a correct balance of the revenue account, this account must be deducted, leaving a net credit balance of./£1152 7s 4d. The total credit balance at March 31st was £3368 9s lid. , Out of the electric light ldaTh of £10,000, £9546 2s 6d W already been expended,' and further liabilities amounting to £390 had y«t to be met, leaving a balance of£63 J75.6d., In addition to this sum, 'however, there was stock in hand on loan account to ; the value of £594 2s Id. on the .water; works loan*of 4&%8 15* 9d;. the drainage loan has i>een expended, , and the- abattoir Wttn account is in credit to the extent of 15s 5d- » "" The statement iiii reference .to ' the electric light working account* showed total receipts- for /the year [ a*mourising to £2825 12s 10d: , After expenditure had been met there was a balance of £750 16s 9d. Of this amount it wa# proposed to refund to the general account the arrears of interest amounting to £644 9s Bd, leaving a net credit balance of £106 7s Id. The Mayor, alluding to the return, said he considered it revealed a very satisfactory state of things. He would be able to hand over the finances in a much better condition than they had beenvin when he had taken office.