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

 

Departure Speech: Governor-General’s State Farewell Luncheon

"...Unfortunately I was unable to get to the Antarctic, the Chatham Islands and the Kermadecs. A dicky heart thwarted our travel to the Antarctic; and even though I volunteered to parachute into the Kermadecs to join the Young Blake expedition, time, commitments and officials frustrated my plans to visit the Kermadecs and Chathams." More>>

ALSO:

New Research: Most Homeless People Working Or Studying

“The cost of housing has been rising without corresponding increases in income, whilst the number of state houses per capita has been in decline. Many low-income people are missing out on housing, whether we recognise them as ‘homeless’ or not. More>>

ALSO:

Post-Traynor: New Offender Info Sharing Plan

“This Bill delivers on that step-change by moving away from name-based records held by individual agencies to a shared, anchor identity based on unalterable information, such as fingerprints and facial recognition. It also gives agencies access to the drivers’ licence photo database and birth, death and marriages information." More>>

  • NZ Law Foundation - New $2M fund for research on information challenges
  • Littoral: New Ship To Deliver Enhanced Naval Capability

    Defence Minister Gerry Brownlee says the Government has approved a Ministry of Defence and New Zealand Defence Force recommendation to request tenders for a new naval ship to support littoral operations. More>>

    July:

    After King's Labour Snub: Māori Party And Kiingitanga To Work Together

    Māori Party Co-leaders Te Ururoa Flavell and Marama Fox met with Kiingitanga representatives in Wellington yesterday to discuss working together on key issues for the betterment of Māori. More>>

    ALSO:

    Waitangi Claim On Rehabilitation: The 'Justus' System For Māori Not Good Enough

    Closing statements at the Waitangi Tribunal case against Corrections called for immediate steps and a comprehensive review to address the high rate of Māori reoffending. More>>

    ALSO:

    Advice: PM Sets Rules For Ministers' Treatment Of Public Servants

    Prime Minister John Key has laid down the law about the way ministers and public servants should interact, saying ministers may not always like the advice they receive, but they must listen to it carefully, respectfully and professionally. More>>

    Gordon Campbell: On The Funding Changes In Special Needs Education, And Uber

    The plan to strip out the educational support for older “special needs” children in order to meet the existing shortfall in funding for special needs in early childhood education is so miserly and relentlessly stupid as to defy belief… More>>

    SPECIAL EDUCATION (& More):

    Online Learning Plans:

    Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
     
     
     
     
    Regional
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news