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revised methods of accounting be adopted until 1st January 1931, and it is yet too early to give precise figures. As the aim is
to provide this service at cost it is submitted that the revenue
item $142,615 or so much of it as represents the actual
di sbursements be deducted before assessing revenue for military
contribution. A reference to Appendix III of the 1931 Estimates
will shew that this sum has been excluded from the calculation.
E.
1 HOUSE SERVICE ACCOUNT.
The
In the Assets and Liabilities Statement of the 31st
December, 1929, a sum of $18,447 is shewn as an Asset. This
represents money laid out for the installation of water to buildings (labour, material, etc.) the amount being recovered
from the property owners later, sometimes several months later,
dependent upon the development of the district. It is more
practical and economical to lay the pipes for a greater length
than is immediately required but which the Water Authority know
will ultimately be required. When building takes place
connections are made and the owner pays. Some of the work under-
taken by the Water Authority on payment is work which in other
countries would ordinarily be done by private Water Engineers but
owing to local circumstances has to be done by the Water Authority.
The account which was as high as $30,000 in July 1930, has been
reduced and by 31st December should be down to $5,000 whilst next
year a profit is anticipated although the scheme is not being run
as a money making concern. This method of accounting is not in
accord with C.R. 289 and it would be preferable if the disbursements
for any year were estimated and the amount inserted under an
J
appropriate subhead of the Public Works Recurrent expenditure
人
schedule. The money would then be properly controlled by the
Legislature and included in the Appropriation Law. Similarly all
receipts would appear under a suitable subhead of revenue.
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