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.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Starts Talks On Tougher Rules For Property Speculators

The Reserve Bank of New Zealand is stepping up preparations to restrict lending to residential property investors as it watches house prices, particularly in Auckland, continue to rise strongly. More>>

ALSO:

Research: ‘Ageing Well’ Science Challenge Launched

Science and Innovation Minister Steven Joyce today launched the Ageing Well National Science Challenge, confirming initial funding of $14.6 million. More>>

ALSO:

Scoop Business: Govt Resisting Pressure To Pump More Cash Into Solid Energy

Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference on whether that might prove necessary... More>>

ALSO:

Lagest Ever Privacy Breach Award: NZCU Baywide Accepts “Severe” Censure In Cake Case

NZCU Baywide says that once it was found to have committed a breach of a former staff member’s privacy, it had attempted to resolve the matter... the censure and remedies for its actions taken almost three years ago are “severe” but accepted, and will hopefully draw a line under the matter. More>>

ALSO:

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news