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

 

Parliament Today:

Parliament Restarts: Prime Minister’s Statement

Our policy agenda and legislative programme will reflect the Government’s four priorities: • to responsibly manage the Government’s finances • to build a more competitive and productive economy • to deliver better public services to New Zealanders, an • to support the rebuilding of Christchurch. More>>

ALSO:

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:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news