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

 

Local Authority Statistics: June 2004 quarter

Local Authority Statistics: June 2004 quarter

17 September 2004

Floods Impact on Local Authority Finances

The February 2004 floods had an impact on the June 2004 quarter financial results of a number of local authorities in the lower North Island, according to Statistics New Zealand. Additional government grants, mainly for road repairs, saw total government grants and subsidies to all New Zealand's 86 local authorities increase to $156.0 million for the quarter, when seasonally adjusted. This was an increase of $15.4 million (11.0 percent) on the March 2004 quarter.

The same floods also contributed to a record quarterly expenditure figure of $1,125.8 million, an increase of $23.4 million (2.1 percent) compared with the March 2004 quarter. Purchases of goods and services, grants and donations, and all other expenditure was the largest component, accounting for $615.6 million, an increase of $18.8 million. Overall, local authorities produced a combined operating surplus of $52.0 million in the June 2004 quarter, a decrease of $23.1 million on the March 2004 quarter.

Provisional figures for the financial year ended 30 June 2004 show local authorities reporting a combined operating surplus of $236.9 million. This is an increase of $11.5 million on the June 2003 annual result. Revenue for the year was $4,616.7 million, an increase of $364.9 million (8.6 percent) compared with the 2003 year. Rates, petrol tax, licence fees and fines increased 7.3 percent, sales of goods and services increased 8.0 percent, government grants and subsidies were up 17.6 percent, and investment income rose 6.6 percent. ƒnƒn

Expenditure was $4,379.7 million in the June 2004 year, an increase of $353.3 million (8.8 percent) compared with the previous year. Employee costs increased 7.2 percent and depreciation rose 4.8 percent. Interest paid decreased 2.3 percent. The largest expenditure category, purchases of goods and services, grants and donations, and all other expenditure, rose 11.8 percent to $2,359.4 million. Brian Pink Government Statistician

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>

ALSO:

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO:

 
 
 
 
 
 
 
 
  • Bill Bennett on Tech