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

 

Auckland City’s balance sheet healthy

Auckland City’s balance sheet healthy

Auckland City’s annual report shows New Zealand’s largest city is in a healthy financial position.

The annual report details the council’s achievements from 1 July 2004 to 30 June 2005.

Committee chairperson Councillor Vern Walsh says, “This annual report highlights efforts the council has put into ensuring ratepayers get value for money and shows that this council is putting rates into action.”

The report shows a net surplus of $96.1 million against a budget of $62.6 million as a result of revenue from airport shares, financial contributions, assets and the Metro Water charitable payment. This resulted in an $800,000 increase in the financial and capital expenditure surplus target from $15.1 million budgeted to $15.9 million.

Much of last year’s capital spend of $201.9 million was spent on transport initiatives ($77 million) that support public transport, such as providing bus lanes and widening roads.

“In addition to transport we have continued to focus on stormwater improvements and community infrastructure including a $10 million citywide upgrade of footpaths.

“We have also reinforced our commitment to investing in a sustainable city with completion of major environmental projects such as Waiatarua Reserve and Brady Road landfill.

“Last year’s activities show this council’s dedication to sustainable development through a robust economy, connected and involved communities, a vibrant cultural sector and a healthy natural environment. We are now planning to take this a step further with the introduction of targeted rates that are ring-fenced to fund key priorities facing the city,” says Mr Walsh.

The past year has also seen progress on work that furthers the council’s goal of creating a world class, international city, including: a 10-year action plan to transform the CBD consulting on plans for the future of Auckland’s CBD waterfront progress on the Vector Arena a venue for world-class sports and entertainment events new targeted rates established to address the key priorities facing the city: transport: spending increased by $14.1 million per year open spaces and volcanic cones: spending increased by $2.8 million per year heritage and urban design: generating $1.4 million per year (plus an extra $523,000 over and above the targeted rate). community development and housing: dedicated funding to develop and carry out initiatives and to investigate partnerships with relevant organisations to increase the amount of affordable housing around the city prudent management of debt that is line with Auckland City’s sustainable debt policy.

The annual report will be available at www.aucklandcity.govt.nz, in libraries and service centres on Friday, 7 October A summary will be delivered with City Scene on 9 October.

Ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Werewolf: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word. In reality, Peters will have power only up to the point that he uses it.

By next week, he’ll have become just another junior player in an MMP governing arrangement, battling to hold onto the gains he was promised. More>>

 

Rising Toll: Road Safety Needs To Be A Higher Priority

Official advice released to the Green Party under the Official Information Act shows that the previous National Government dismissed an option to make road safety its most important transport priority after being told the road toll was rising. More>>

ALSO:

Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election