https://www.scoop.co.nz/stories/AK2412/S00653/202324-annual-report-and-summary-now-available-online.htm
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2023/24 Annual Report And Summary Now Available Online |
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Stratford District Council (SDC) adopted its 2023/24 Annual Report, accompanied by a clean audit opinion, at its Ordinary Meeting on 10 December 2024. A summary and the full report can be viewed online at Stratford.govt.nz
Chief Executive Sven Hanne says 20234/24 has been a more standard year for council in comparison to the previous few. “We largely went back to basics with a focus on infrastructure renewals and maintenance, which is what keeps our services running.”
Some of this work included:
Alongside these brick-and-mortar projects, highlights from the year include:
When looking at the dollars, SDC finished the year with a net deficit of $57,000. Revenue was down 17% from what was budgeted, mostly due to the removal of external funding for Transport Choices. Expenditure was 2%, or $552,000 above budget, due to cost increases exceeding what was forecast.
At $8.2 million, the actual capital expenditure for the financial year was significantly below the $13.4 million spent in 22/23 and $24.4 million spent in 21/22. “This demonstrates the significant work programme council has gone through in previous years, and the return to a more normal and long-term sustainable level of expenditure,” says Sven.
These figures include external funding sources, such as NZ Transport Agency Waka Kotahi subsidies and central government grants, and a significant portion of the increased spend in previous years was triggered by external one-off funding opportunities.
For a full breakdown on council activities and financial statements read the Annual Report 2023/24 here: https://www.Stratford.govt.nz/AnnualPlansAndReports
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