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

 


Council action sees $3.3m shortfall slashed

Council action sees $3.3m shortfall slashed

A financial report presented to Rotorua District Council’s Operations & Monitoring Committee this morning [12 February] shows action taken to reduce a recently forecast $3.3 million funding shortfall is proving successful.

The financial performance report for the first six months of the current financial year to 31 December 2013 shows the council’s anticipated deficit at year end [31 June 2014] has been substantially reduced and the shortfall has now been revised down to $572,000.

RDC finance manager Thomas Colle said while there was a single-minded focus by management and staff on reducing costs, substantially cutting the $3.3 million shortfall was a big ask and it did come with risks in terms of achievability. It would require exceptional rigour and discipline he said.

Mr Colle said the previous deficit was the result of a range of factors including over optimistic revenue figures and a number of budget anomalies, including an understatement of salaries.

Operations & Monitoring Committee chair, Councillor Janet Wepa, commended councillors and management for responding swiftly to the earlier forecast shortfall and for making the hard decisions needed to achieve a more acceptable outcome for the year’s finances.

“There have been some tough calls made by elected members to improve our bottom line, including the deferral of a number of non-essential capital projects.

“Management and staff have also stepped up and I thank them for their single-minded determination to reduce costs.

“Decisive action such as not replacing more than 50 staff who have left in recent times, reviewing all budget lines and generally tightening belts across the organisation have all helped achieve this improved forecast.
“The real challenge now will be to ensure that with our much improved financial forecasting capability and new financial management resources in place, we set more realistic and sustainable budgets for the future through our annual planning process.”

[ENDS]

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Patience: Drive Safe

Be patient before passing is the AA's message for drivers this Labour weekend.

"People taking crazy risks to get past other vehicles is one of the most dangerous things on the road,” says AA spokesperson Dylan Thomsen.

“The weather is looking good for the long weekend so the roads will be busy. Unfortunately, that also increases the chances of people getting frustrated and trying a risky passing manoeuvre. When they get past, there will probably be more traffic up ahead anyway so it won’t get people there faster.” More>>

 
 

Parliament Today:

Employment Relations Bill: Govt Strains To Get Tea Break Law Through

The Government has been left with egg on its face - failing to get its much-vaunted, but hugely unpopular, meal break law passed in the first week of its new term, Labour spokesperson on Labour Issues Andrew Little says. More>>

ALSO:

Guns: Police Association Call To Arm Police Full Time

"The new minister gave his view, that Police do not need to be armed, while standing on the forecourt of parliament. The dark irony was that the interview followed immediately after breaking news of a gunman running amok in the Canadian parliament in Ottawa..." More>>

ALSO:

Gordon Campbell: On The Tokenism Of New Zealand's Role Against Islamic State

Our contribution against IS will be to send SAS forces to train the Iraqis? That’s like offering trainers to General Custer just as the 7th cavalry reached the Little Big Horn. More>>

ALSO:

Scoop Business: Shell And Todd Caught Drilling Without Approval

Multi-national oil company Shell’s New Zealand arm and local energy giant Todd Energy have breached the new law governing New Zealand’s Exclusive Economic Zone, the Environmental Protection Authority says in an Oct. 10 document released by the Green Party. More>>

ALSO:

Gordon Campbell: On Pharmac, Gough Whitlam And Sleater-Kinney

We’re not at the outset of these negotiations. The outset was six years ago, and negotiators were hoping to have some sort of ‘framework’ deal finished in time for the APEC meeting in a few weeks’ time. These ‘extreme’ positions are what we’ve reached near the intended end of the negotiations… More>>

ALSO:

PM Of Many Hats: Questions, No Answers On Whale Oil

Dr RUSSEL NORMAN (Co-Leader – Green) to the Prime Minister: How many times since November 2008 has he spoken with blogger Cameron Slater on the phone and how many times, if any, has he texted him?
Rt Hon JOHN KEY (Prime Minister): None in my capacity as Prime Minister. More>>

ALSO:

Aussie Investigation Dropped: Call On Minister McCully To Pursue The Case Of Balibo Five

West Papua Action is deeply concerned at the lack of any clear outcome from the Australian Federal Police inquiry into the 1975 deaths of the ‘Balibo Five’ including NZ journalist Gary Cunningham. More>>

ALSO:

'Feed The Kids' Bill: Metiria Turei To Lead Fight On Feeding Hungry Children

Green Party Co-leader Metiria Turei is urging all political parties to support the Feed the Kids Bill which she inherited today from Mana leader Hone Harawira. More>>

ALSO:

Parliament Today: State Opening Of Parliament

The House sat at 10.30am on Tuesday before MPs were summoned to hear the Speech from the Throne in the Legislative Council Chamber. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news