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

 

NZEI Survey Report: Special Needs Students Missing Out

The survey revealed that around 16 percent of students were on schools’ special needs registers, but nearly 90 percent of schools’ special needs coordinators did not believe there was adequate support for students and their learning... More>>

ALSO:

Interim Report: Waitangi Tribunal On Ture Whenua Legislation

Labour on Proposed changes to Maori land rules: “To have Treaty Negotiations Minister Chris Finlayson dismiss findings as ‘bizarre’ is totally disingenuous and disrespectful. What’s bizarre is Maori Development Minister Te Ururoa Flavell stubbornly pushing through this Bill before the Waitangi Tribunal has even completed its report..." More>>

ALSO:

Spy Update: Appointment Of GCSB Acting Director

GCSB Chief Legal Advisor Lisa Fong will become the Acting Director of the Government Communications Security Bureau (GCSB) from 15 February 2016, Minister Responsible for the GCSB Christopher Finlayson announced today. More>>

Protests Close Roads: TPP Signed In Auckland

“TPP was signed by Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Viet Nam.” More>>

ALSO:

Emails Behind 'Diplomatic Immunity' Case: Whitehead Report Released

“As previously indicated the conclusions reached by Mr Whitehead’s investigation are not unexpected but they are very disappointing,” Mr Mccully says. “At the heart of the matter is a single email, along with procedural shortcomings, which gave Malaysian officials the impression it would be acceptable for Mr Rizalman to return to Malaysia." More>>

ALSO:

Gordon Campbell: On The Treaty/TPP Overlap, And Iowa

The fears about the ISDS provisions in the Trans Pacific Partnership deal are well-founded. The reality is that there is a sharp uptick in the occurrence of ISDS litigation in developed countries, and even the right wing likes of The Economist have been souring on the process for some time. More>>

ALSO:

Christchurch Red Zone Offers: Fresh High Court Proceedings

Grant Cameron, Solicitor for the Quake Outcasts said “the action seeks judicial review of the Crown’s recent decision to make a fresh offer to purchase properties from uninsured property owners in red zones. More>>

ALSO:

PM's Post-Cabinet Press Conference: Waitangi And TPP

Prime Minister John Key on Tuesday said his office has received an invitation for him to visit the Lower Marae on Waitangi Day, but was waiting for a meeting of the Te Tii Marae Trustees. More>>

ALSO:

Flagged: 'Wrong Colour' Bridge Flag To Change

NZ First: Only 13 days after National trumpeted its legally questionable flag on Auckland Harbour Bridge, it is now coming down because it is the wrong colour... “Mr Key’s latest flag fiasco is another waste of taxpayers' money. Given it is coming down, down is exactly the location where it should remain. More>>

ALSO:

School's In: Children Head Back To School

“Across the whole of this year we expect 61,820 five year olds will begin their primary schooling for the first time,” says the Ministry of Education head of sector enablement and support Katrina Casey. More>>

ALSO:

Dog & Lemon: FBI Disagrees With NZ Government Over Police Chases

Multiple studies, quoted by the FBI, show that once suspects realise they're no longer being chased; they tend to slow down to normal driving speeds and therefore become far less of a risk. The FBI report also categorically rejected the argument that abandoning police chases meant ‘giving in’ to offenders. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news