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

Gordon Campbell:
On The National Leadership “Contest”

Key’s endorsement of English has turned this “contest” into a race for second place.

This succession was well planned. Lets not forget that English was told by Key in September of his intention to resign, and English was the only member of Cabinet entrusted with that information before it was sprung on everyone else on Monday morning. More>>

Latest: Judith Collins and Jonathan Coleman have withdrawn from the leadership race, leaving Bill English the only candidate to replace John Key as Prime Minister.

 

Education: Charter Schools Misleading Pass Rates

Labour: NCEA results for charter schools have been massively overstated... In one case a school reported a 93.3 per cent pass rate when the facts show only 6.7 per cent of leavers achieved NCEA level two. More>>

ALSO:

Rebstock Report Resolution: SSC Apologises To Derek Leask And Nigel Fyfe

Following a complaint by Mr Leask, the Ombudsman found that the State Services Commission acted unreasonably in relation to Mr Leask and identified numerous deficiencies in the investigation process and in the publication of the final report and in the criticisms it contained of Mr Leask... More>>

ALSO:

International Rankings: Student Results 'Show More Resourcing Needed'

NZEI: New Zealand had only held relatively steady in international rankings in some areas because the average achievement for several other OECD countries had lowered the OECD average -- not because our student achievement has improved. More>>

ALSO:

Earlier:

Salvation Army Report: Beyond The Prison Gate Report

A new Salvation Army report says changes must be made to how prisoners re-enter society for New Zealanders to feel safe and secure in their homes and communities. More>>

ALSO:

Surprise Exit: Gordon Campbell On The Key Resignation

The resignation of John Key is one thing. The way that Key and his deputy Bill English have screwed the scrum on the leadership succession vote (due on December 12) is something else again. It remains to be seen whether the party caucus – ie, the ambitious likes of Steven Joyce, Judith Collins, Paula Bennett, and Amy Adams – will simply roll over... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news