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

 


Operating surplus maintained during second quarter

Operating surplus maintained during second quarter

Palmerston North City Council’s operating budget surplus has continued through the second quarter of the financial year with a recorded improved operating position of $3.2m for the six months to 31 December 2013.

Chief executive officer Paddy Clifford says the variance has occurred due to delays, many of which are outside Council’s control.

“We’ve also experienced relatively benign weather which means related maintenance costs have been lower than normal,” he says.

Paddy Clifford says the reduction in Failure to Activate the Meter parking fine from $40 to $12 has been well received by residents. “While the full effects of the change won’t be known until later in the year, it is likely most of the reduction, in this financial year, will be absorbed by Council.”
“While I’m pleased with the result to date I am conscious the variance will reduce over the remainder of the year.”

Chief financial officer Grant Elliott says from a financial perspective the first half of the financial year has been good for Council. He says the variance has been achieved in part by the reduced call for some expenditure, particularly maintenance related and professional service, against the amounts budgeted.

“However,” he says, “the variance will reduce as the delayed wastewater desludging project is now underway and unallocated grants are now being allocated and paid.”

Grant Elliott says Council staff are aware of the need to continue focussing on restricting spending and looking for the most economical way to deliver services to ratepayers.

Financial accountant Keith Allan told Councillors at today’s Finance and Performance Committee meeting that Capital Expenditure programmes valued at $9 million have been incurred against a year-to-date budget of $14.3 million. The overall capital programme budget for the year is $38 million.

“Commencement of some capital projects that have been delayed will still be incurred this financial year however some, such as the interim interregional bus terminal and Papaioea social housing projects, are now likely to partly occur in the following financial year.”

Copies of the Financial Report can be found in the Finance and Performance Committee Agenda at pncc.govt.nz.

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