Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Local Authorities Maintain Positive Operating Bal

Local Authority Statistics: September 2000 quarter

Local Authorities Maintain Positive Operating Balance

Local authorities generated a surplus of $89.6 million from non-trading activities for the September 2000 quarter, Statistics New Zealand's latest Quarterly Local Authority Survey shows. This represents a decrease of $12.7 million on the surplus for the previous quarter. However, the latest quarterly surplus remains at historically high levels, compared with the range of quarterly operating results recorded by the series since its inception in 1992.

Operating revenue fell 3.1 per cent to $929.1 million in the September 2000 quarter and operating expenditure fell 1.9 per cent to $839.5 million.

The decrease in operating revenue was due to a second consecutive quarterly fall in investment income, down $32.2 million, from the June 2000 quarter, to $52.4 million. Although revenue from interest was up slightly, revenue from dividends fell to the lowest level since the September 1999 quarter.

The decrease in investment income was only partly offset by increased revenue from rates, petrol tax, licence fees and fines, up $5.5 million, or 0.9 per cent. Income from government grants and subsidies, at $100.9 million in the September 2000 quarter remained at a high level.

During the September 2000 quarter, interest paid by the 86 local authorities rose by $2.4 million. However, purchases of goods and services and depreciation fell by $15.9 million and $4.1 million respectively.

In recent quarters, purchases of goods and services have fallen from the highs recorded during 1997 and 1998. Depreciation has been gradually decreasing since peaking in the June 1999 quarter at $207.6 million.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>