THE CITY ACCOUNTS

Dominion, Volume 12, Issue 151, 21 March 1919, Page 7

THE CITY ACCOUNTS

AUDITOR'S REPORT. The City Auditor . (Mr. A. 'i\ Clarice) reported to the City Council last mailt that the balance-sheet hail been returned by the Audit Department this year without' any tag. This was, the second year in succession which such a result had been obtained. The rents had all -been collected. The water' accounts lvero again iii a satisfactory condition. Many small accounts were outstanding in connection with work done bv the engineer's department. A collector was to be employed.' He had again to call attention to tlie amount due by sports clubs for (he use of reserves. Now that the v.-ar was at an end these outstandings should lo dealt with. IMknviiiE the result of a judgment in ..the . Supreme : Court, the abattoir accounts :for 'the year differed in many ways from those of previous years. No depreciation had ken charged; or preliminary expenses written olf.' Five per cent, interest had been charged oji the total capital expenditure and tlip usual sinking fund of 1 per cent, had been provided, but "this time it lvad couie out. of the district, funds. The iudltment provided for only 5 per cent, interest on die total capital expended. The council might think it advisable to have the law amended, more especially as the depreciation in connection' with the abattoir plant was heavy, and it was' rilearl.y nf'vital importance that a sinkin;; fnml_ should be maintained for the extinction of the loan, and that it should be, charged lo this separate account. The Milking funds were in an extremely • hesllhy condition. .