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

 


Local authorities show quarterly surplus

Local authorities show quarterly surplus – Media release

14 March 2014

Local authorities had an operating surplus in the December 2013 quarter, Statistics New Zealand said today. After adjusting for seasonal effects, income exceeded spending by $56.3 million.

"A slight increase in income and a large decrease in spending resulted in the surplus this quarter," local government statistics manager Peter Gardiner said.

Operating income (funding earned for core services) for the December 2013 quarter was just over $2.0 billion, up $17.2 million (0.8 percent) from the September 2013 quarter. During the same period, operating expenditure (spending on core services) was just under $2.0 billion, a fall of $65.8 million (3.2 percent).

The rise in operating income was mainly due to increases in regulatory income and petrol tax (up $21.2 million) and current grants, subsidies, and donations (up $11.2 million). The rise was partly offset by a fall in investment income (down $18.0 million).

The fall in operating expenditure was mainly due to a decrease in purchases and other operating expenditure (down $62.2 million). Increases in employee costs (up $1.2 million) and depreciation (up $0.4 million) partly offset the fall.

Local authority statistics are quarterly accounting-based estimates of the money local authorities in New Zealand earn and spend on their core business.

ENDS


Authorised by:
Liz MacPherson
Government Statistician

For more information about these statistics:
• Visit Local Authority Statistics: December 2013 quarter – tables
• Open the attached files
LocalAuthorityStatisticsDec13qtrHOTP.pdf
lasdec13qtrtables.xls

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On The Govt’s Token Plans For Cyber-Security

Basically, the world is divided into two types of people: those who think the Panama Papers illustrate the bad shit that some people do, and those who think the Panama Papers illustrate what needs to be done to make sure no-one else discovers the shit – good or bad – that they’re doing. More>>

ALSO:

Gordon Campbell: On Pharmac’s Grudging Concession To Reality

Is this any way to run a health system… whereby terminally ill patients are forced into public demonstrations before the government (and its funding agency Pharmac) will grudgingly provide the money for life-saving treatments freely available and publically funded in Australia for the best part of a year? More>>

ALSO:

Labour: Healthy Homes Bill Passes First Reading

Some of New Zealand’s most vulnerable children and families are on their way towards safer living conditions with the passing of the first reading of the Healthy Homes Guarantee Bill in Parliament last night, Leader of the Opposition Andrew Little says. More>>

ALSO:

Werewolf Satire: Home, And A Way

The one thing even more popular than an Auckland house is offering advice on how to afford an Auckland house. So, on the grounds it can’t be worse than some of the stuff that’s out there, here’s my three cents* worth. [*Up 50% since 2013!] More>>

ALSO:

Werewolf: The Defence Pretence

Last year, the world began spending more money on weapons again, for the first time since 2011... New Zealand belongs to a region – Asia and Oceania – where military spending rose sharply in 2015, by 5.4 per cent. More>>

ALSO:

Gordon Campbell: On Not Crying Foul, Argentina

So a couple of guys found to be criminally liable of environmental pollution in Argentina lodge an application with the Overseas Investment Office… in order to buy some prime New Zealand rural land. Seems that their factory back home had carelessly and/or intentionally discharged toxic waste into the Lujan river. Bummer... More>>

ALSO:

Urban & Rural: $303m To Merge And Modernise New Zealand’s Fire Services

Internal Affairs Minister Peter Dunne today announced funding of $303 million over five years to combine urban and rural fire services into one organisation from mid-2017. More>>

ALSO:

High Trust Regime: What Did The PM Tell His Lawyer About Foreign Trusts?

The Government stopped the IRD from reviewing New Zealand foreign trusts shortly after the Prime Minister’s lawyer wrote to the Revenue Minister claiming John Key had promised him the regime would not be changed. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news