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

 

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news