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

 


Auckland Council’s treasury team wins top INFINZ award


Media release
9 May 2013

Auckland Council’s treasury team wins top INFINZ award

The treasury team at Auckland Council, the largest council in Australasia, last night won the prestigious Institute of Finance Professionals New Zealand Inc. (INFINZ) award for Excellence in Treasury.

It’s the latest in a string of awards for Auckland Council financial managers. Last month council’s Chief Finance Officer, Andrew McKenzie, won the 2013 New Zealand CFO Summit Award for as the chief finance officer of the year. Last year Auckland Council's Treasurer, Mark Butcher, won the KangaNews New Zealand Treasurer of the Year for the second year in a row.

“It is great for the Treasury team, Auckland Council and the wider local government sector to be acknowledged with this prestigious award,” said Mr Butcher. “The judging criteria was focused on a multi-year, innovative and continuous improvement approach to Treasury management demonstrating best practice and value for money for Auckland’s ratepayers.

“To receive an award last night alongside other winners such as Fonterra for its groundbreaking share issue, and the Telecom/Chorus complex de-merger, illustrates the high regard that the finance sector has for Auckland Council.”

Auckland Council's sound financial management practices have been acknowledged by both the Auditor-General and the major credit rating agencies in their evaluation of council's performance and credit worthiness respectively.

Council has a continual focus on reducing costs to ratepayers for existing services and has already saved $145 million in its first 2 1/2 years of operation.

INFINZ judges said that Auckland Council had met the challenges of combining eight different debt, systems, personnel, credit risk and rating agency requirements. The organisation had also enhanced existing funding arrangements, developed new arrangements both onshore and offshore, and has been instrumental in the development of the capital markets in New Zealand through the Local Government Funding Agency and listed debt on the NZX.

The local government sector gained a further accolade with the Local Government Funding Agency (LGFA) receiving the INFINZ New Zealand Debt Market Issue of the year for its recent five-year bond issue.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

"To Help Families Get Ahead": April 1 Changes Kick In

Prime Minister John Key says Paid Parental Leave, the parental tax credit, the minimum wage and Superannuation will increase, while average ACC levies will fall, and more people will be helped in to home ownership...

“The National-led Government has focused on ensuring gains from our growing economy flow through to families and these measures demonstrate that.” More>>

 

PARLIAMENT TODAY:

Climate: Ministers Exclude Emissions From ‘Environment Reporting'

The National Party Government has today revealed that the national environmental report topics for this year will, incredibly, exclude New Zealand’s greenhouse gas emissions, the Green Party said today. More>>

ALSO:

No Retrial: Freedom At Last For Teina Pora

The Māori Party is relieved that the Privy Council has cleared the final legal hurdle for Teina Pora who was wrongfully convicted of murder and sent to prison for 22 years. More>>

ALSO:

Germanwings Crash: Privacy Act Supports Aviation Safeguards In New Zealand

Reports that German privacy laws may have contributed to the Germanwings air crash have prompted New Zealand’s Privacy Commissioner to reassure the public that the Privacy Act is no impediment to medical practitioners notifying appropriate authorities to a pilot’s health concerns. More>>

ALSO:

Treaty: Taranaki Iwi Ngāruahine Settles Treaty Claims For $67.5mln

The settlement includes a $13.5 million payment the government made in June 2013, as well as land in the Taranaki region. The settlement also includes four culturally significant sites, the Waipakari Reserve, Te Kohinga Reserve, Te Ngutu o te Manu and Te Poho o Taranaki. More>>

ALSO:

Gordon Campbell: On A Funeral In Asia, The Northland By-Election, And News Priorities

Supposedly, New Zealand’s destiny lies in Asia, and that was one of Foreign Minister Murray McCully’s rationales for his bungled reforms at MFAT. OK. So, if that’s the case why didn’t Prime Minister John Key attend the state funeral on Sunday of Singapore’s founding leader Lee Kuan Yew? More>>

ALSO:

Werewolf Satire: Not Flag-Waving; Flag-Drowning

The panel choosing the flag options has no visual artists at all. Now, I’ve kerned the odd ligature in my time and I know my recto from my French curve so I thought I’d offer a few suggestions before they get past their depth. More>>

ALSO:

IPCA Reports: Significant Problems In Police Custody

In releasing two reports today, the Independent Police Conduct Authority has highlighted a number of significant problems with the way in which Police deal with people who are detained in Police cells. More>>

ALSO:

Inspector-General of Intelligence and Security: Inquiry Into GCSB Pacific Allegations

The complaints follow recent public allegations about GCSB activities. The complaints, and these public allegations, raise wider questions regarding the collection, retention and sharing of communications data. More>>

ALSO:

TPPA Investment Leak: "NZ Surrender To US" On Corporates Suing Governments

Professor Jane Kelsey: ‘As anticipated, the deal gives foreign investors from the TPPA countries special rights, and the power to sue the government in private offshore tribunals for massive damages if new laws, or even court decisions, significantly affected their bottom line’. More>>

ALSO:

Werewolf: The Myth Of Steven Joyce

Gordon Campbell: The myth of competence that’s been woven around Steven Joyce – the Key government’s “Minister of Everything” and “Mr Fixit” – has been disseminated from high-rises to hamlets, across the country... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news