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

 

Crown Accounts: Government Ekes Out Six-Month Surplus Of $9M

The New Zealand government eked out a tiny surplus in the first six months of the fiscal year as growth in domestic consumption lifted the goods and services tax take, while uncertainties over the Kaikoura earthquake costs meant expenses were less than expected. More>>

ALSO:

Almost 400 Jobs: Shock At Cadbury's Dunedin Factory Closure

Workers at Cadbury in Dunedin are reeling after learning this morning that the iconic Cadbury factory is to close, with the loss of almost 400 jobs... “The company had reported it was doing well and this has come out of the blue,” says Chas. More>>

ALSO:

Transport: Boards Of Inquiry For Auckland Roading Projects

Boards of Inquiry have been appointed to decide on two significant Auckland roading projects in a move which will get a decision by the end of the year, Environment Minister Dr Nick Smith and Conservation Minister Maggie Barry announced today. More>>

ALSO:

Three Months On: Quake Reciovery In Kaikōura And Elsewhere

Three months after the magnitude 7.8 earthquake on 14 November, encouraging recovery progress is being made in affected communities. More>>

ALSO:

Jetstar, Qantas For Govt Transport: Government Still In Talks With Air NZ

The government is still negotiating with national carrier Air New Zealand in a cross-agency air travel contract that will add a number of new airlines to the list of approved flyers. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news