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

 


Annual Report: Wellington is in great shape

Annual Report: Wellington is in great shape

Wellington City Council’s 2013-14 Annual Report was formally approved this afternoon – and it shows that not only are the Council’s finances healthy and prudently-managed but that the city itself is in great shape.

Mayor Celia Wade-Brown says the refreshed Council elected in 2013 is focused on transforming Wellington City and serving its residents. “Our finances are healthy and we are meeting 12 of the 13 legislated financial benchmarks,” she says. “Wellington is in great shape as a city. Together we have the people and financial capacity to do more.”

Highlights for the Council included its contribution to progressing a proposed extension to the airport runway, working on a proposed new convention centre, bringing the waterfront management company ‘in-house’ and advancing plans for a film museum.

In the 2013-14 financial year the Council also:
• put forward an economic growth agenda underpinned by 8 Big Ideas
• agreed the 2014/15 Annual Plan in record time without making service cuts
• tripled our investment in cycling as part of that plan
• struck a 2.5% rates rise
• established a $3 million a year fund to support events, initiatives and growth opportunities
• participated in the merger of the region’s economic CCOs into one agency
• began the upgrade of the Keith Spry Pool (scheduled to reopen in summer 2015)

• installed a new artificial turf at Alex Moore Park and upgraded Grasslees Reserve at Tawa

• expanded and upgraded the pedestrian and cycle network, including completing the Tawa Valley path

• invested $5 million in the $60 million National War Memorial Park project

• completed design work for the Cenotaph as part of the project to upgrade the Parliamentary Precinct.

Councillor Mark Peck, Chair of the Council’s Audit and Risk Subcommittee, which oversees the annual reporting process, said council officers can be proud that Wellington City Council is once again the first local authority to finalise its annual accounts and complete the Annual Report.

He told today’s meeting of the Governance, Finance and Planning Committee: “We deliver value for money! The services we provide cost Wellingtonians $5.82 per day, less than a household spends on power.”

He said the Council maintained its AA credit rating with Standard and Poor’s. “The effect of this rating is that it provides the Council with a reduced cost of borrowing.”

For 2013-14 the Council achieved an underlying surplus of $1.2 million - reflecting what it collects through rates, investments and other sources (fees and charges) subtracted from what it spends on services. Cr Peck said the relatively small surplus reflects the council’s commitment to intergenerational equity, or in other words that “each generation of ratepayers should pay for the services they consume.”

The Council spent significantly less on capital programmes than budgeted due largely to the deferral of work to earthquake strengthen the Town Hall.

Cr Peck stressed that Council debt remains low. Net debt stands at $346 million while Council investments are worth $404 million.

The draft 2013-14 Annual Report, as considered today, is here.

The final Annual Report, in printed and online versions, will be available on 26 September.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

TAIC: Final Report On Grounding Of MV Rena

The Transport Accident Investigation Commission (the Commission) concluded that the Rena grounding was not in any way attributable to the malfunction of any on-board machinery or equipment, including on-board navigational equipment. Factors that directly contributed to the grounding included the crew:

- not following standard good practice for planning and executing the voyage
- not following standard good practice for navigation watchkeeping
- not following standard good practice when taking over control of the ship. More>>

ALSO:

 
 

Parliament Adjourns:

Gordon Campbell:
On The Pakistan Schoolchildren Killings

The slaughter of the children in Pakistan is incomprehensibly awful. On the side, it has thrown a spotlight onto something that’s become a pop cultural meme. Fans of the Homeland TV series will be well aware of the collusion between sections of the Pakistan military/security establishment on one hand and sections of the Taliban of the other… More>>

ALSO:

Werewolf Satire:
The Politician’s Song

am a perfect picture of the modern politic-i-an:
I don’t precisely have a plan so much as an ambition;
‘Say what will sound most pleasant to the public’ is my main dictum:
And when in doubt attack someone who already is a victim More>>

ALSO:

Flight: Review Into Phillip Smith’s Escape Submitted To Government

The review follows an earlier operational review by the Department of Corrections and interim measures put in place by the Department shortly after prisoner Smith’s escape, and will inform the Government Inquiry currently underway. More>>

ALSO:

Intelligence: Inspector-General Accepts Apology For Leak Of Report

The Inspector-General of Intelligence and Security, Cheryl Gwyn, has accepted an unreserved apology from Hon Phil Goff MP for disclosing some of the contents of her recent Report into the Release of Information by the NZSIS in July and August 2011 to media prior to its publication. The Inspector-General will not take the matter any further. More>>

ALSO:

Drink: Alcohol Advertising Report Released

The report of the Ministerial Forum on Alcohol Advertising and Sponsorship has been released today, with Ministers noting that further work will be required on the feasibility and impact of the proposals. More>>

ALSO:

Other Report:

NSW Police Statement: Three Dead Following Martin Place Siege

About 2.10am (Tuesday 16 December), a confrontation occurred between police and a man who had taken a number of people hostage inside a café on Martin Place. Shots were fired during the confrontation. As a result, the 50-year-old man was pronounced dead after being taken to hospital. Another man, aged 34, and a woman, aged 38, were pronounced dead after being taken to hospital. More>>

ALSO:

Gordon Campbell: On The Sydney Siege (And DHB Budget Cuts)
Whenever the authorities bring a siege situation to an end, there will be criticism if – as has happened in Sydney – any hostages are seriously hurt, or killed... In the Sydney Morning Herald this morning, columnist Peter Hartcher raises a different point – that the initial public response had been noticeably different to the agitated reactions of politicians and the media. More>>

ALSO:

Leaked Cabinet Papers: Treasury Calls For Health Cuts

Leaked Cabinet papers that show that Government has been advised to cut the health budget by around $200 million is ringing alarm bells throughout the nursing and midwifery community. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news