Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


New financial performance regulations for local government

Hon Peseta Sam Lotu-Iiga
Associate Minister of Local Government

19 March 2014 Media Statement
Government announces new financial performance regulations for local government

Ratepayers will be able to keep a closer eye on their councils’ financial positions thanks to a new set of financial prudence regulations for local government, says Associate Local Government Minister Peseta Sam Lotu-liga.

“The regulations will help showcase best practice and excellence in local authority financial management. They will also improve transparency and promote more informed debate about the prudence of local authority financial management,” the Associate Minister says.

The regulations will enable the first systematic analysis of local authority financial management in New Zealand.

“They will provide new insights into local authority financial management which will help improve decision-making at the local level.”

The new regulations set seven benchmarks which address the affordability, sustainability and predictability of local authority finances.

“Local authorities will report against these benchmarks through graphs in their planning and reporting documents. This will mean both the current position of a council and the past and projected trends in its financial management will be more transparent to ratepayers.”

Mr Lotu-liga says councils will publish the first results using the benchmarks in their annual reports for the 2013/14 financial year, and these must be adopted by 31 October 2014.

“The development of these benchmarks fits with the government priority of responsible management of government finances and is aligned with other local government reforms.”

The regulations were developed in consultation with Local Government New Zealand (LGNZ). Mr Lotu-liga said officials will work with LGNZ to develop ways of interpreting and publishing the results of the benchmarks.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell:
On The National Leadership “Contest”

Key’s endorsement of English has turned this “contest” into a race for second place.

This succession was well planned. Lets not forget that English was told by Key in September of his intention to resign, and English was the only member of Cabinet entrusted with that information before it was sprung on everyone else on Monday morning. More>>

Latest: Judith Collins and Jonathan Coleman have withdrawn from the leadership race, leaving Bill English the only candidate to replace John Key as Prime Minister.

 

Education, Marketing, Taxes: Health Groups Call For Actions For Sugary Drinks

The New Zealand Dental Association is launching a new consensus statement on Sugary Drinks endorsed by key health organisations. The actions seek to reduce harm caused by sugary drinks consumption. More>>

ALSO:

More Departures? David Shearer Proposed For UN Peacekeeping Role

Mt Albert MP David Shearer is being proposed for a demanding and exciting role heading the United Nations peacekeeping force in South Sudan, says Labour Leader Andrew Little. More>>

ALSO:

Security Agencies' Reports: GCSB Wants To Give ISPs More Power To Block Threats

The Government Communications Security Bureau wants to give internet service providers more information and power to block cyber threats which are increasing, its director told the intelligence and security select committee yesterday.. More>>

ALSO:

Education: Charter Schools Misleading Pass Rates

Labour: NCEA results for charter schools have been massively overstated... In one case a school reported a 93.3 per cent pass rate when the facts show only 6.7 per cent of leavers achieved NCEA level two. More>>

ALSO:

Rebstock Report Resolution: SSC Apologises To Derek Leask And Nigel Fyfe

Following a complaint by Mr Leask, the Ombudsman found that the State Services Commission acted unreasonably in relation to Mr Leask and identified numerous deficiencies in the investigation process and in the publication of the final report and in the criticisms it contained of Mr Leask... More>>

ALSO:

International Rankings: Student Results 'Show More Resourcing Needed'

NZEI: New Zealand had only held relatively steady in international rankings in some areas because the average achievement for several other OECD countries had lowered the OECD average -- not because our student achievement has improved. More>>

ALSO:

Earlier:

Salvation Army Report: Beyond The Prison Gate Report

A new Salvation Army report says changes must be made to how prisoners re-enter society for New Zealanders to feel safe and secure in their homes and communities. More>>

ALSO:

Surprise Exit: Gordon Campbell On The Key Resignation

The resignation of John Key is one thing. The way that Key and his deputy Bill English have screwed the scrum on the leadership succession vote (due on December 12) is something else again. It remains to be seen whether the party caucus – ie, the ambitious likes of Steven Joyce, Judith Collins, Paula Bennett, and Amy Adams – will simply roll over... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news