COUNCIL FINANCES FOR TEN MONTHS

Taupo Times, Volume IV, Issue 161, 25 February 1955, Page 5

COUNCIL FINANCES FOR TEN MONTHS

The Statement of Receipts and Payments })resentGd to the Borough Council by ihe Treasurer, Mr S. Torepe, for the ten months ending January 31, showed total credits of £16,447, and payments of £16,921, in the General Account, resulting in a debit balance of £474. A note to the Domain Board Account, which had a credit balance of £1021, stated, however, that the annual charges for the £5000 Baths Reconstruction Loan, amounting to £365 11s 2d, paid out of the General Account, and it was hoped to charge this to the Domain Board and so rclieve the General Account. Details of actual receipts for the ten months, with the amounts originally estimated for the full year given in brackets, included: — Current rates, £12,130 (£12,587); Arrears of rates, £731 (£500); Rate penalties £89 (£60); Sundry Licence Fees, £1088 (£750); Building Fees, £947 (£1000); j Miscellaneous £410 ( £1500); Roading Subsidy, £1052. Details of payments for ihe ten months, in the General Account, with the amounts of the original estimates for the full year in brackets, included: — Salaries, £1890 (£1948); Office Expenses, £788 (£765); Streets - Footpaths, £316 (£1500); Street Sealing, £428 (£1500) ; Maintenance, £3248 (£3385); Plant Hire, £1092 (£750); Plant Maintenance, £526 (£900); Tools, Materials, £1281 (£1000); Fire Services, £1056 (£650); Miscellaneous, £1511. The Domain Board Account for the ten months showed a credit balance of £1021, compared with £899 at the same time last year. The rnain items of receipts for the ten months were | Ba'th Fees £689, and Motor Camp | Fees £1157. The Library Account had a credit ; balance of £379. the ' Cemetery Ac- | count a debit of £112, and the Hos- j pital Levy Account a debit of £7 i (which at the date of the meeting. | however, had become a credit balance of £83 ) . The Electricity Account, commencing the fmancial year with a credit balance of £5480, showed a credit balance at January 31 of £8758. Receipts from sale of current for the ten months totalied £15,600, the original estirnate for the full year having been £12,900. Amongst payments, the main items were salaries and wages £2386; Office expenses, £479; Depot, £1793; Depreciation Funcl Reserve, £1724; Capital charges, £5354.