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

 

Departure Speech: Governor-General’s State Farewell Luncheon

"...Unfortunately I was unable to get to the Antarctic, the Chatham Islands and the Kermadecs. A dicky heart thwarted our travel to the Antarctic; and even though I volunteered to parachute into the Kermadecs to join the Young Blake expedition, time, commitments and officials frustrated my plans to visit the Kermadecs and Chathams." More>>

ALSO:

New Research: Most Homeless People Working Or Studying

“The cost of housing has been rising without corresponding increases in income, whilst the number of state houses per capita has been in decline. Many low-income people are missing out on housing, whether we recognise them as ‘homeless’ or not. More>>

ALSO:

Post-Traynor: New Offender Info Sharing Plan

“This Bill delivers on that step-change by moving away from name-based records held by individual agencies to a shared, anchor identity based on unalterable information, such as fingerprints and facial recognition. It also gives agencies access to the drivers’ licence photo database and birth, death and marriages information." More>>

  • NZ Law Foundation - New $2M fund for research on information challenges
  • Littoral: New Ship To Deliver Enhanced Naval Capability

    Defence Minister Gerry Brownlee says the Government has approved a Ministry of Defence and New Zealand Defence Force recommendation to request tenders for a new naval ship to support littoral operations. More>>

    July:

    After King's Labour Snub: Māori Party And Kiingitanga To Work Together

    Māori Party Co-leaders Te Ururoa Flavell and Marama Fox met with Kiingitanga representatives in Wellington yesterday to discuss working together on key issues for the betterment of Māori. More>>

    ALSO:

    Waitangi Claim On Rehabilitation: The 'Justus' System For Māori Not Good Enough

    Closing statements at the Waitangi Tribunal case against Corrections called for immediate steps and a comprehensive review to address the high rate of Māori reoffending. More>>

    ALSO:

    Advice: PM Sets Rules For Ministers' Treatment Of Public Servants

    Prime Minister John Key has laid down the law about the way ministers and public servants should interact, saying ministers may not always like the advice they receive, but they must listen to it carefully, respectfully and professionally. More>>

    Gordon Campbell: On The Funding Changes In Special Needs Education, And Uber

    The plan to strip out the educational support for older “special needs” children in order to meet the existing shortfall in funding for special needs in early childhood education is so miserly and relentlessly stupid as to defy belief… More>>

    SPECIAL EDUCATION (& More):

    Online Learning Plans:

    Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
     
     
     
     
    Regional
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news