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


Positive financial performance at regional council

15 August 2014

Positive financial performance at regional council

Waikato Regional Council has posted a very positive result for the last financial year, according to figures presented to yesterday’s finance committee meeting.

“Our performance for the year to June shows some really good highlights and reflects the strong focus we have on delivering value for money to our ratepayers,” chairwoman Jane Hennebry said after the meeting.

The results reported included:
• An unallocated surplus of $1.6 million compared to a forecast of $1.2 million
• A healthy $4 million increase in the value of total investments to $84.3 million
• 92 per cent of performance measures being achieved.

“Both surpluses achieved through cost savings and increases in the value of investments help reduce upward pressure on rates,” said Cr Hennebry.

The committee heard that the $2.4 million remediation of the council’s Hamilton headquarters had been successfully completed at $142,000 under budget.

The meeting also saw the first written report from the new audit and risk sub-committee which has been established, with an independent chair, to further bolster oversight of the council’s financial performance.

“It’s excellent to see the various fruits of the tight financial and project management we have in place,” said Cr Hennebry.

“We will continue to keep costs under very close scrutiny to ensure they are contained and spending delivers efficient services and facilities for the region.”

Meanwhile, the committee approved a total of $20,800 to environmental initiative fund applications.

They included:
• $11,000 to help with upgrades to the Otorohanga Kiwi House
• $5,000 to the Te Hoeroa Tahau Whanau Trust for restoration work at a wetland at Waitahanui near Taupo
• $4,800 to the Grandview Community Garden Trust for a gully restoration and Maori traditional plants project in Nawton, Hamilton.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Land & Water Forum: Fourth Report On Water Management

The Land and Water Forum (LWF) today published its fourth report, outlining 60 new consensus recommendations for how New Zealand should improve its management of fresh water and calling on the Government to urgently adopt all of its recommendations from earlier reports. More>>



Welcome Home: Record High Migration Stokes 41-Year High Population Growth

New Zealand annual net migration hit a new high in October as more people arrived from than departed for Australia for the first time in more than 20 years. More>>


Citizens' Advice Bureau: Report Shows Desperate Housing Situation Throughout NZ

CAB's in-depth analysis of over 2000 client enquiries about emergency accommodation shows vulnerable families, pregnant women and children living in cars and garages, even after seeking assistance from the Ministry of Social Development and Housing New Zealand. More>>


Speaking For The Bees: Greens Call For Neonicotinoid Pesticide Ban

The National Government should ban the use of controversial pesticides called neonicotinoids after evidence has revealed that even at low doses they cause harm to bee populations, the Green Party said today. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news