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.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Minister of Finance: Plan Shows $100 Billion Infrastructure Projects

Finance Minister Bill English has today launched the Government’s Ten Year Capital Intentions Plan (CIP) which shows a pipeline of $100.9 billion worth of infrastructure projects over the next decade. More>>


Werewolf: Safe Landings Gordon Campbell on the safety challenge to the Wellington runway extension.

The safety-related legal challenge revolves around the size of the 90 metre long Runway End Safety Area (RESA) being proposed for the runway extension. More>>


Environment Commissioner: We Need To Work Together On Climate Change And Farming

“The debate around agricultural emissions and the ETS has been polarised for too long,” said the Commissioner. “But the ETS is not the only way forward – there are other things that can be done.” More>>


NZ Super Fund: Seeking To Put A Market Price On Climate Change

Oct. 19 (BusinessDesk) - The New Zealand Superannuation Fund says it will devise a set of rules to assess investment winners and losers under climate change, a strategy that could rule out fossil fuels or producers such as current portfolio member Exxon ... More>>


Rejuvenation: Parata Will Not Contest 2017 Election

Education Minister and National List MP Hekia Parata has today announced that she will not be contesting the next election. She advised the Prime Minister of her decision earlier this year. More>>

Prisons Grow: Government Approves Plans For Increased Prison Capacity

Despite significant progress in reducing crime the number of prisoners has increased faster than projected. This is because the proportion of offenders charged with serious crimes has risen, meaning more people are being remanded in custody and serving more of their sentences in prison. More>>


Gordon Campbell: On Plastic Bag Activism, And Street Harassment

Amusing to see the Act Party experiencing another outbreak of young fogey-ism. What has aroused the ire of Act Leader David Seymour this time is the introduction of a Greens private members bill to the ballot process, calling for a 15 cents levy on plastic bags to reduce pollution. More>>


Unclear Weapons: US Navy Ship Cleared To Visit NZ For Navy's 75th

United States Navy ship, the USS Sampson, has been given clearance to visit New Zealand next month by Prime Minister John Key... “The process for considering the visit by the USS Sampson is the same as that used for all ships attending the International Naval Review." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news