Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search


Auditors give Auckland City a glowing report card

25 November 2003

Auditors give Auckland City a glowing report card

Independent auditors have confirmed Auckland City Council’s positive annual financial results for the last financial year and praised its commitment to long term planning.

The annual audit, undertaken by Audit New Zealand, is a statutory requirement and investigates whether the council’s financial statements accurately reflect its performance for the year ended 30 June 2003. It also looks at the council’s non-financial performance against the targets set in its annual plan.

Particularly highlighted by Audit NZ was the council’s significant progress in improving the forecasting, management and completion of capital projects.

Chairperson of the council’s Assessors and Audit sub-committee Deputy Mayor David Hay says:

“This independent report confirms to ratepayers that we are taking a responsible approach to managing the city’s finances,” says Mr Hay. “Last year’s capital spend of $162 million (excluding Britomart) was the highest ever. This report reinforces Auckland City Council’s commitment to ensuring that urgently needed capital projects are carefully planned and responsibly funded.”

Areas covered by the audit include:

- legislative compliance
- quality of financial statements
- management of capital expenditure budget
- long term planning
- annual report
- development of performance measures.

The report also commended the council for its high quality financial statements and proactive attitude.

“Issues and their potential resolution are discussed with us and resolved throughout the year through regular meetings,” according to the report.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>


Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>


Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news