Funding and financial statements

This section contains:

The funding impact statement;

cost of service statements by strategy;

forecast financial statements; and

significant accounting policies

Funding Impact Statement 
For whole of council

 


  LTP
2012/13
$000
Forecast
2013/14
$000
Sources of operating funding    
General rates, uniform annual general charges, rates penalties 127,147 130,000
Targeted rates (other than a targeted rate for water supply) 99,740 103,552
Subsidies and grants for operating purposes 6,831 7,250
Fees, charges, and targeted rates for water supply8 110,101 114,761
Interest and dividends from investments 9,308 9,908
Local authorities fuel tax, fines, infringement fees, and other receipts 12,162 10,817
Total operating funding (A) 365,289 376,288
     
Applications of operating funding    
Payments to staff and suppliers 235,262 244,969
Finance costs 22,647 21,965
Internal charges and overheads applied - -
Other operating funding applications 29,568 29,623
Total applications of operating funding (B) 287,477 296,557
     
Surplus (deficit) of operating funding (A - B) 77,812 79,731
     
Sources of capital funding    
Subsidies and grants for capital expenditure 45,765 42,495
Development and financial contributions 5,000 5,000
Increase (decrease) in debt 14,919 20,893
Gross proceeds from sales of assets - 15,075
Lump sum contributions - -
Total sources of capital funding (C) 65,684 83,463
     
Applications of capital funding    
Capital expenditure    
- to meet additional demand 2,702 1,634
- to improve the level of service 54,491 53,991
- to replace existing assets 78,944 84,094
Increase (decrease) in reserves 7,359 23,475
Increase (decrease) in investments - -
Total applications of capital funding (D) 143,496 163,194
Surplus (deficit) of capital funding (C - D) (77,812) (79,731)
     
Funding balance ((A - B) + (C - D)) - -
     
Expenses for this activity grouping include the following depreciation/amortisation charge 91,703 92,109

Funding Impact Statement
For governance, information and engagementTop


  LTP
2012/13
$000
FORECAST
2012/14

$000
Sources of operating funding    
General rates, uniform annual general charges, rates penalties 14,666 16,356
Targeted rates (other than a targeted rate for water supply - -
Subsidies and grants for operating purposes -  
Fees, charges, and targeted rates for water supply9 384 733
Interest and dividends from investments - -
Local authorities fuel tax, fines, infringement fees, and other receipts - -
Total operating funding (A) 15,050 17,089
     
Applications of operating funding    
Payments to staff and suppliers 7,892 8,579
Finance costs - -
Internal charges and overheads applied 7,034 8,170
Other operating funding applications 10 267
Total applications of operating funding (B) 14,936 17,016
     
Surplus (deficit) of operating funding (A - B) 114 73
     
Sources of capital funding    
Subsidies and grants for capital expenditure - -
Development and financial contributions - -
Increase (decrease) in debt - -
Gross proceeds from sales of assets - -
Lump sum contributions - -
Total sources of capital funding (C) - -
     
Applications of capital funding    
Capital expenditure    
 - to meet additional demand - -
 - to improve the level of service - -
 - to replace existing assets - 110
Increase (decrease) in reserves 114 (37)
Increase (decrease) in investments - -
Total applications of capital funding (D) 114 73
Surplus (deficit) of capital funding (C - D) (114) (73)
     
Funding balance ((A - B) + (C - D)) - -
     
Expenses for this activity grouping include the following depreciation/amortisation charge 114 73

Funding Impact Statement
For Māori and Mana Whenua PartnershipsTop


  LTP
2012/13
$000
FORECAST
2012/14

$000
Sources of operating funding    
General rates, uniform annual general charges, rates penalties 237 255
Targeted rates (other than a targeted rate for water supply - -
Subsidies and grants for operating purposes - -
Fees, charges, and targeted rates for water supply10 - -
Interest and dividends from investments - -
Local authorities fuel tax, fines, infringement fees, and other receipts - -
Total operating funding (A) 237 225
     
Applications of operating funding    
Payments to staff and suppliers 229 214
Finance costs - -
Internal charges and overheads applied 8 9
Other operating funding applications - -
Total applications of operating funding (B) 237 223
     
Surplus (deficit) of operating funding (A - B) - 2
     
Sources of capital funding    
Subsidies and grants for capital expenditure - -
Development and financial contributions - -
Increase (decrease) in debt - -
Gross proceeds from sales of assets - -
Lump sum contributions - -
Total sources of capital funding (C) - -
     
Applications of capital funding    
Capital expenditure    
 - to meet additional demand - -
 - to improve the level of service - -
 - to replace existing assets - -
Increase (decrease) in reserves - 2
Increase (decrease) in investments - -
Total applications of capital funding (D) - (2)
Surplus (deficit) of capital funding (C - D) - -
     
Funding balance ((A - B) + (C - D)) - -
     
Expenses for this activity grouping include the following depreciation/amortisation charge - 2

Funding Impact Statement
For gardens, beaches and green open spacesTop


  2012/13
LTP
$000
2012/13
FORECAST​
$000
Sources of operating funding    
General rates, uniform annual general charges, rates penalties 26,648 26,540
Targeted rates (other than a targeted rate for water supply) 408 436
Subsidies and grants for operating purposes 549 637
Fees, charges, and targeted rates for water supply11 1,188 1,118
Interest and dividends from investments 5,207 4,910
Local authorities fuel tax, fines, infringement fees, and other receipts - -
Total operating funding (A) 34,000 33,641
     
Applications of operating funding    
Payments to staff and suppliers 16,453 16,980
Finance costs - -
Internal charges and overheads applied 13,444 12,907
Other operating funding applications 100 80
Total applications of operating funding (B) 29,997 29,967
     
Surplus (deficit) of operating funding (A - B) 4,003 3,674
     
Sources of capital funding    
Subsidies and grants for capital expenditure 250 1,080
Development and financial contributions 1,099 1,099
Increase (decrease) in debt (1,206) (2,071)
Gross proceeds from sales of assets - -
Lump sum contributions - -
Total sources of capital funding (C) 143 108
     
Applications of capital funding    
Capital expenditure    
- to meet additional demand 49 53
- to improve the level of service 94 55
- to replace existing assets 2,479 2,545
Increase (decrease) in reserves 1,524 1,129
Increase (decrease) in investments - -
Total applications of capital funding (D) 4,146 3,782
Surplus (deficit) of capital funding (C - D) (4,003) (3,674)
     
Funding balance ((A - B) + (C - D)) - -
Expenses for this activity grouping include the following depreciation/amortisation charge 4,226 3,952

Funding Impact Statement
For waste reduction and energy conservationTop


  LTP
2012/13
$000
FORECAST
2012/14

$000
Sources of operating funding    
General rates, uniform annual general charges, rates penalties 496 451
Targeted rates (other than a targeted rate for water supply - -
Subsidies and grants for operating purposes - -
Fees, charges, and targeted rates for water supply12 11,821 12,393
Interest and dividends from investments 296 -
Local authorities fuel tax, fines, infringement fees, and other receipts 7 -
Total operating funding (A) 12,620 12,844
     
Applications of operating funding    
Payments to staff and suppliers 10,817 11,112
Finance costs 953 1,002
Internal charges and overheads applied (29) 160
Other operating funding applications - 5
Total applications of operating funding (B) 11,741 12,279
     
Surplus (deficit) of operating funding (A - B) 879 565
     
Sources of capital funding    
Subsidies and grants for capital expenditure - -
Development and financial contributions - -
Increase (decrease) in debt 204 91
Gross proceeds from sales of assets - -
Lump sum contributions - -
Total sources of capital funding (C) 204 91
     
Applications of capital funding    
Capital expenditure    
 - to meet additional demand - -
 - to improve the level of service 204 91
 - to replace existing assets 865 963
Increase (decrease) in reserves 14 (398)
Increase (decrease) in investments - -
Total applications of capital funding (D) 1,083 656
Surplus (deficit) of capital funding (C - D) (879) (565)
     
Funding balance ((A - B) + (C - D)) - -
     
Expenses for this activity grouping include the following depreciation/amortisation charge 879 565

Funding Impact Statement
For waterTop


  LTP
2012/13
$000
FORECAST
2012/14

$000
Sources of operating funding    
General rates, uniform annual general charges, rates penalties - -
Targeted rates (other than a targeted rate for water supply 23,536 24,804
Subsidies and grants for operating purposes - -
Fees, charges, and targeted rates for water supply13 12,854 13,366
Interest and dividends from investments - -
Local authorities fuel tax, fines, infringement fees, and other receipts - -
Total operating funding (A) 36,390 38,170
     
Applications of operating funding    
Payments to staff and suppliers 19,816 21,373
Finance costs - -
Internal charges and overheads applied 3,665 3,616
Other operating funding applications - -
Total applications of operating funding (B) 23,481 24,989
     
Surplus (deficit) of operating funding (A - B) 12,909 13,181
     
Sources of capital funding    
Subsidies and grants for capital expenditure - -
Development and financial contributions 1,231 1,231
Increase (decrease) in debt 1,899 988
Gross proceeds from sales of assets - -
Lump sum contributions - -
Total sources of capital funding (C) 3,130 2,219
     
Applications of capital funding    
Capital expenditure    
 - to meet additional demand 254 274
 - to improve the level of service 2,876 1,945
 - to replace existing assets 8,226 9,962
Increase (decrease) in reserves 4,683 3,219
Increase (decrease) in investments - -
Total applications of capital funding (D) 16,039 15,400
Surplus (deficit) of capital funding (C - D) (12,909) (13,181)
     
Funding balance ((A - B) + (C - D)) - -
     
Expenses for this activity grouping include the following depreciation/amortisation charge 13,824 13,744

Funding Impact Statement
For wastewaterTop


  LTP
2012/13
$000
FORECAST
2012/14

$000
Sources of operating funding    
General rates, uniform annual general charges, rates penalties - -
Targeted rates (other than a targeted rate for water supply 33,433 35,370
Subsidies and grants for operating purposes - -
Fees, charges, and targeted rates for water supply14 1,252 1,210
Interest and dividends from investments - -
Local authorities fuel tax, fines, infringement fees, and other receipts - -
Total operating funding (A) 34,685 36,580
     
Applications of operating funding    
Payments to staff and suppliers 16,863 20,715
Finance costs - -
Internal charges and overheads applied 8,741 7,223
Other operating funding applications - -
Total applications of operating funding (B) 25,604 27,938
     
Surplus (deficit) of operating funding (A - B) 9,081 8,642
     
Sources of capital funding    
Subsidies and grants for capital expenditure - -
Development and financial contributions 1,007 1,007
Increase (decrease) in debt (818) (822)
Gross proceeds from sales of assets - -
Lump sum contributions - -
Total sources of capital funding (C) 189 185
     
Applications of capital funding    
Capital expenditure    
 - to meet additional demand 189 185
 - to improve the level of service - -
 - to replace existing assets 7,363 7,266
Increase (decrease) in reserves 1,718 1,416
Increase (decrease) in investments - -
Total applications of capital funding (D) 9,270 8,827
Surplus (deficit) of capital funding (C - D) (9,081) (8,642)
     
Funding balance ((A - B) + (C - D)) - -
     
Expenses for this activity grouping include the following depreciation/amortisation charge 12,984 12,538

Funding Impact Statement
For stormwaterTop


  LTP
2012/13
$000
FORECAST
2012/14

$000
Sources of operating funding    
General rates, uniform annual general charges, rates penalties - -
Targeted rates (other than a targeted rate for water supply 17,363 18,089
Subsidies and grants for operating purposes 39 40
Fees, charges, and targeted rates for water supply15 9 9
Interest and dividends from investments - -
Local authorities fuel tax, fines, infringement fees, and other receipts - -
Total operating funding (A) 17,411 18,138
     
Applications of operating funding    
Payments to staff and suppliers 5,356 7,486
Finance costs - -
Internal charges and overheads applied 5,573 4,212
Other operating funding applications - -
Total applications of operating funding (B) 10,929 11,698
     
Surplus (deficit) of operating funding (A - B) 6,482 6,440
     
Sources of capital funding    
Subsidies and grants for capital expenditure 189 -
Development and financial contributions 107 107
Increase (decrease) in debt (35) (7)
Gross proceeds from sales of assets - -
Lump sum contributions - -
Total sources of capital funding (C) 261 100
     
Applications of capital funding    
Capital expenditure    
 - to meet additional demand 95 100
 - to improve the level of service 166 -
 - to replace existing assets 3,532 3,912
Increase (decrease) in reserves 2,950 2,528
Increase (decrease) in investments - -
Total applications of capital funding (D) 6,743 6,540
Surplus (deficit) of capital funding (C - D) (6,482) (6,440)
     
Funding balance ((A - B) + (C - D)) - -
     
Expenses for this activity grouping include the following depreciation/amortisation charge 6,482 6,440

Funding Impact Statement
For conservation attractionsTop


  LTP
2012/13
$000
FORECAST
2012/14

$000
Sources of operating funding    
General rates, uniform annual general charges, rates penalties 5,378 5,779
Targeted rates (other than a targeted rate for water supply - -
Subsidies and grants for operating purposes - -
Fees, charges, and targeted rates for water supply16 - -
Interest and dividends from investments - -
Local authorities fuel tax, fines, infringement fees, and other receipts - -
Total operating funding (A) 5,378 5,779
     
Applications of operating funding    
Payments to staff and suppliers 122 127
Finance costs - -
Internal charges and overheads applied 1,031 976
Other operating funding applications 3,164 3,590
Total applications of operating funding (B) 4,317 4,693
     
Surplus (deficit) of operating funding (A - B) 1,061 1,086
     
Sources of capital funding    
Subsidies and grants for capital expenditure 155 412
Development and financial contributions - -
Increase (decrease) in debt 467 1,239
Gross proceeds from sales of assets - -
Lump sum contributions - -
Total sources of capital funding (C) 622 1,651
     
Applications of capital funding    
Capital expenditure    
 - to meet additional demand - -
 - to improve the level of service 622 1,651
 - to replace existing assets 172 241
Increase (decrease) in reserves 889 845
Increase (decrease) in investments - -
Total applications of capital funding (D) 1,683 2,737
Surplus (deficit) of capital funding (C - D) (1,061) (1,086)
     
Funding balance ((A - B) + (C - D)) - -
     
Expenses for this activity grouping include the following depreciation/amortisation charge 1,061 1,086
     

Funding Impact Statement
For city promotions and business supportTop


  LTP
2012/13
$000
FORECAST
2013/14
$000
Sources of operating funding    
General rates, uniform annual general charges, rates penalties 5,032 4,311
Targeted rates (other than a targeted rate for water supply) 14,572 14,583
Subsidies and grants for operating purposes - -
Fees, charges, and targeted rates for water supply17 - 186
Interest and dividends from investments - 50
Local authorities fuel tax, fines, infringement fees, and other receipts - -
Total operating funding (A) 19,604 19,130
     
Applications of operating funding    
Payments to staff and suppliers 5,755 7,160
Finance costs - -
Internal charges and overheads applied 2,428 2,874
Other operating funding applications 9,178 7,523
Total applications of operating funding (B) 17,361 17,557
     
Surplus (deficit) of operating funding (A - B) 2,243 1,573
     
Sources of capital funding    
Subsidies and grants for capital expenditure - -
Development and financial contributions - -
Increase (decrease) in debt 4,011 -
Gross proceeds from sales of assets - -
Lump sum contributions - -
Total sources of capital funding (C) 4,011 -
     
Applications of capital funding    
Capital expenditure    
- to meet additional demand - -
- to improve the level of service 4,011 -
- to replace existing assets 1,483 765
Increase (decrease) in reserves 760 808
Increase (decrease) in investments - -
Total applications of capital funding (D) 6,254 1,573
Surplus (deficit) of capital funding (C - D) (2,243) (1,573)
     
Funding balance ((A - B) + (C - D)) - -
     
Expenses for this activity grouping include the following depreciation/amortisation charge 2,243 1,573

Funding Impact Statement
For arts and culture activitiesTop


  LTP
2012/13
$000
FORECAST
2013/14
​$000
Sources of operating funding    
General rates, uniform annual general charges, rates penalties 11,716 11,132
Targeted rates (other than a targeted rate for water supply) 5,135 5,216
Subsidies and grants for operating purposes 420 402
Fees, charges, and targeted rates for water supply18 626 611
Interest and dividends from investments 162 341
Local authorities fuel tax, fines, infringement fees, and other receipts - -
Total operating funding (A) 18,059 17,702
     
Applications of operating funding    
Payments to staff and suppliers 3,256 3,219
Finance costs - -
Internal charges and overheads applied 1,760 1,150
Other operating funding applications 12,177 12,484
Total applications of operating funding (B) 17,193 16,853
     
Surplus (deficit) of operating funding (A - B) 866 849
     
Sources of capital funding    
Subsidies and grants for capital expenditure - -
Development and financial contributions - -
Increase (decrease) in debt 40 25
Gross proceeds from sales of assets - -
Lump sum contributions - -
Total sources of capital funding (C) 40 25
     
Applications of capital funding    
Capital expenditure    
- to meet additional demand - -
- to improve the level of service 40 25
- to replace existing assets - 1
Increase (decrease) in reserves 866 848
Increase (decrease) in investments - -
Total applications of capital funding (D) 906 874
Surplus (deficit) of capital funding (C - D) (866) (849)
     
Funding balance ((A - B) + (C - D)) - -
     
Expenses for this activity grouping include the following depreciation/amortisation charge 866 849

Funding Impact Statement
For recreation promotion and supportTop


  LTP
2012/13
$000
FORECAST
2013/14
​$000
Sources of operating funding    
General rates, uniform annual general charges, rates penalties 23,011 24,661
Targeted rates (other than a targeted rate for water supply) 850 776
Subsidies and grants for operating purposes 396 396
Fees, charges, and targeted rates for water supply19 11,490 11,353
Interest and dividends from investments 1,025 1,005
Local authorities fuel tax, fines, infringement fees, and other receipts - -
Total operating funding (A) 36,772 38,191
     
Applications of operating funding    
Payments to staff and suppliers 16,484 17,116
Finance costs - -
Internal charges and overheads applied 13,063 13,672
Other operating funding applications 400 400
Total applications of operating funding (B) 29,947 31,188
     
Surplus (deficit) of operating funding (A - B) 6,825 7,003
     
Sources of capital funding    
Subsidies and grants for capital expenditure - -
Development and financial contributions 466 466
Increase (decrease) in debt 3,563 1,469
Gross proceeds from sales of assets - -
Lump sum contributions - -
Total sources of capital funding (C) 4,029 1,935
     
Applications of capital funding    
Capital expenditure    
- to meet additional demand 1,502 871
- to improve the level of service 2,061 1,064
- to replace existing assets 3,227 2,902
Increase (decrease) in reserves 4,064 4,101
Increase (decrease) in investments - -
Total applications of capital funding (D) 10,854 8,938
Surplus (deficit) of capital funding (C - D) (6,825) (7,003)
     
Funding balance ((A - B) + (C - D)) - -
     
Expenses for this activity grouping include the following depreciation/amortisation charge 6,913 7,091

Funding Impact Statement
For community supportTop


  LTP
2012/13
$000
FORECAST
2013/14
$000
Sources of operating funding    
General rates, uniform annual general charges, rates penalties 21,744 22,293
Targeted rates (other than a targeted rate for water supply) 4,410 4,245
Subsidies and grants for operating purposes 1,124 1,023
Fees, charges, and targeted rates for water supply20 18,650 20,635
Interest and dividends from investments 1,222 1,363
Local authorities fuel tax, fines, infringement fees, and other receipts 1,029 851
Total operating funding (A) 48,179 50,410
     
Applications of operating funding    
Payments to staff and suppliers 25,034 24,926
Finance costs - -
Internal charges and overheads applied 11,049 11,814
Other operating funding applications 3,524 3,574
Total applications of operating funding (B) 39,607 40,314
     
Surplus (deficit) of operating funding (A - B) 8,572 10,096
     
Sources of capital funding    
Subsidies and grants for capital expenditure 34,600 30,739
Development and financial contributions 88 88
Increase (decrease) in debt (88) (88)
Gross proceeds from sales of assets - -
Lump sum contributions - -
Total sources of capital funding (C) 34,600 30,739
     
Applications of capital funding    
Capital expenditure    
- to meet additional demand - -
- to improve the level of service 34,293 25,694
- to replace existing assets 5,311 7,031
Increase (decrease) in reserves 3,568 8,110
Increase (decrease) in investments - -
Total applications of capital funding (D) 43,172 40,835
Surplus (deficit) of capital funding (C - D) (8,572) (10,096)
     
Funding balance ((A - B) + (C - D)) - -
     
Expenses for this activity grouping include the following depreciation/amortisation charge 11,480 13,707

Funding Impact Statement
For public health and safetyTop


  LTP
2012/13
$000
FORECAST
2013/14
​$000
Sources of operating funding    
General rates, uniform annual general charges, rates penalties 8,409 7,713
Targeted rates (other than a targeted rate for water supply) - -
Subsidies and grants for operating purposes 10 10
Fees, charges, and targeted rates for water supply21 3,287 3,436
Interest and dividends from investments 666 668
Local authorities fuel tax, fines, infringement fees, and other receipts 57 48
Total operating funding (A) 12,429 11,875
     
Applications of operating funding    
Payments to staff and suppliers 7,364 7,860
Finance costs - -
Internal charges and overheads applied 4,388 3,362
Other operating funding applications 25 29
Total applications of operating funding (B) 11,777 11,251
     
Surplus (deficit) of operating funding (A - B) 652 624
     
Sources of capital funding    
Subsidies and grants for capital expenditure - -
Development and financial contributions 15 15
Increase (decrease) in debt 33 95
Gross proceeds from sales of assets - -
Lump sum contributions - -
Total sources of capital funding (C) 48 110
     
Applications of capital funding    
Capital expenditure    
- to meet additional demand 9 24
- to improve the level of service 39 86
- to replace existing assets 633 606
Increase (decrease) in reserves 19 18
Increase (decrease) in investments - -
Total applications of capital funding (D) 700 734
Surplus (deficit) of capital funding (C - D) (652) (624)
     
Funding balance ((A - B) + (C - D)) - -
     
Expenses for this activity grouping include the following depreciation/amortisation charge 658 639

Funding Impact Statement
For urban planning, heritage and public spaces developmentTop


  LTP
2012/13
$000
FORECAST
2013/14
$000
Sources of operating funding    
General rates, uniform annual general charges, rates penalties 7,040 7,254
Targeted rates (other than a targeted rate for water supply) - -
Subsidies and grants for operating purposes - -
Fees, charges, and targeted rates for water supply22 20 20
Interest and dividends from investments - -
Local authorities fuel tax, fines, infringement fees, and other receipts - -
Total operating funding (A) 7,060 7,274
     
Applications of operating funding    
Payments to staff and suppliers 1,895 2,029
Finance costs - -
Internal charges and overheads applied 3,709 3,707
Other operating funding applications 1,455 1,526
Total applications of operating funding (B) 7,059 7,262
     
Surplus (deficit) of operating funding (A - B) 1 12
     
Sources of capital funding    
Subsidies and grants for capital expenditure - -
Development and financial contributions - -
Increase (decrease) in debt 1,208 3,739
Gross proceeds from sales of assets - 15,075
Lump sum contributions - -
Total sources of capital funding (C) 1,208 18,814
     
Applications of capital funding    
Capital expenditure    
- to meet additional demand - -
- to improve the level of service 1,208 3,739
- to replace existing assets 5,360 9,114
Increase (decrease) in reserves (5,359) 5,973
Increase (decrease) in investments - -
Total applications of capital funding (D) 1,209 18,826
Surplus (deficit) of capital funding (C - D) (1) (12)
     
Funding balance ((A - B) + (C - D)) - -
     
Expenses for this activity grouping include the following depreciation/amortisation charge 1 12

Funding Impact Statement
For building and development controlTop


  LTP
2012/13
$000
FORECAST
2013/14
$000
Sources of operating funding    
General rates, uniform annual general charges, rates penalties 8,053 8,857
Targeted rates (other than a targeted rate for water supply) - -
Subsidies and grants for operating purposes - -
Fees, charges, and targeted rates for water supply23 10,611 11,425
Interest and dividends from investments 90 423
Local authorities fuel tax, fines, infringement fees, and other receipts 55 29
Total operating funding (A) 18,809 20,734
     
Applications of operating funding    
Payments to staff and suppliers 10,733 12,135
Finance costs - -
Internal charges and overheads applied 8,005 8,407
Other operating funding applications 35 35
Total applications of operating funding (B) 18,773 20,577
     
Surplus (deficit) of operating funding (A - B) 36 157
     
Sources of capital funding    
Subsidies and grants for capital expenditure - -
Development and financial contributions - -
Increase (decrease) in debt 2,977 13,234
Gross proceeds from sales of assets - -
Lump sum contributions - -
Total sources of capital funding (C) 2,977 13,234
     
Applications of capital funding    
Capital expenditure    
- to meet additional demand - -
- to improve the level of service 2,977 13,234
- to replace existing assets - -
Increase (decrease) in reserves 36 157
Increase (decrease) in investments - -
Total applications of capital funding (D) 3,013 13,391
Surplus (deficit) of capital funding (C - D) (36) (157)
     
Funding balance ((A - B) + (C - D)) - -
     
Expenses for this activity grouping include the following depreciation/amortisation charge 36 157

Funding Impact Statement
For transportTop


  LTP
2012/13
$000
FORECAST
2013/14
$000
Sources of operating funding    
General rates, uniform annual general charges, rates penalties 27,666 27,924
Targeted rates (other than a targeted rate for water supply) 33 33
Subsidies and grants for operating purposes 4,166 4,667
Fees, charges, and targeted rates for water supply24 2,057 2,100
Interest and dividends from investments - -
Local authorities fuel tax, fines, infringement fees, and other receipts - -
Total operating funding (A) 33,922 34,724
     
Applications of operating funding    
Payments to staff and suppliers 11,526 11,852
Finance costs - -
Internal charges and overheads applied 10,086 10,999
Other operating funding applications - 10
Total applications of operating funding (B) 21,612 22,861
     
Surplus (deficit) of operating funding (A - B) 12,310 11,863
     
Sources of capital funding    
Subsidies and grants for capital expenditure 10,101 10,264
Development and financial contributions 987 987
Increase (decrease) in debt 3,134 3,000
Gross proceeds from sales of assets - -
Lump sum contributions - -
Total sources of capital funding (C) 14,222 14,251
     
Applications of capital funding    
Capital expenditure    
- to meet additional demand 604 127
- to improve the level of service 5,900 6,406
- to replace existing assets 25,754 24,786
Increase (decrease) in reserves (5,726) (5,205)
Increase (decrease) in investments - -
Total applications of capital funding (D) 26,532 26,114
Surplus (deficit) of capital funding (C - D) (12,310) (11,863)
     
Funding balance ((A - B) + (C - D)) - -
     
Expenses for this activity grouping include the following depreciation/amortisation charge 20,093 20,461

Funding Impact Statement
For parkingTop


  LTP
2013/14
$000
FORECAST
2013/14
$000
Sources of operating funding    
General rates, uniform annual general charges, rates penalties (16,785) (15,638)
Targeted rates (other than a targeted rate for water supply) - -
Subsidies and grants for operating purposes - -
Fees, charges, and targeted rates for water supply25 17,814 17,992
Interest and dividends from investments - -
Local authorities fuel tax, fines, infringement fees, and other receipts 9,850 8,800
Total operating funding (A) 10,879 11,154
     
Applications of operating funding    
Payments to staff and suppliers 11,075 10,071
Finance costs - -
Internal charges and overheads applied 586 566
Other operating funding applications - -
Total applications of operating funding (B) 11,661 10,637
     
Surplus (deficit) of operating funding (A - B) (782) 517
     
Sources of capital funding    
Subsidies and grants for capital expenditure - -
Development and financial contributions - -
Increase (decrease) in debt - 1
Gross proceeds from sales of assets - -
Lump sum contributions - -
Total sources of capital funding (C) - 1
     
Applications of capital funding    
Capital expenditure    
- to meet additional demand - -
- to improve the level of service - 1
- to replace existing assets - -
Increase (decrease) in reserves (782) 517
Increase (decrease) in investments - -
Total applications of capital funding (D) (782) 518
     
Surplus (deficit) of capital funding (C - D) 782 (517)
     
Funding balance ((A - B) + (C - D)) - -
     
Expenses for this activity grouping include the following depreciation/amortisation charge 373 517

Funding Impact Statement – Operating ExpenditureTop


  LTP
2012/13
$000
Forecast
2013/14
$000
OPERATING STATEMENT    
 Total project expenditure  379,180  388,697 
 Weathertight Homes funding  3,331  4,996 
 Self-insurance  750  750 
 Total operating expenditure   383,261   394,443 
Add back City housing ring-fenced surplus (2,762) (3,480)
Less expenditure not funded under section 100 of LGA:    
NZTA Transport funded projects  (7,665) (7,438)
General (4,000) (4,000)
Clearwater sewerage treatment plant (3,325) (3,015)
Discontinued Living Earth Plant (221) (221)
 Total operating expenditure to be funded   365,288   376,289 
     
FUNDED BY;    
General rates 127,147  130,000
Targeted rates:    
Sewerage rates (including trade waste) 33,433  35,370 
Water rate 36,358  38,137
Stormwater rate 17,363  18,089 
Base (residential) sector targeted rate 6,566  6,476 
Commercial sector targeted rate 5,131  4,895 
Downtown levy 13,664  13,870 
Tawa driveways levy 33  33 
Marsden Village levy 14  14 
Total targeted rates  112,562   116,884 
 Total rates to fund operating expenditure   239,709   246,884 
User charges 77,119  78,159 
Other income    
Ground and commercial leases 31,213  32,912 
Dividends 9,298  9,898 
NZTA subsidies 4,751  5,341 
Housing grants 1,024  995 
Petrol tax 1,164  1,120 
Miscellaneous 1,010  979 
Prior year surplus  -   - 
 Total funding for operating expenditure   365,288   376,289 

Funding Impact Statement – Capital Expenditure
and Loans to Other OrganisationsTop


  LTP
2012/13
$000
Forecast
2013/14
$000
Renewal capital expenditure 78,944 84,094
Upgrade capital expenditure 57,193 55,625
Capital expenditure carried forward from 2011/12 20,000 -
Capital expenditure carried forward from 2012/13 - 28,000
Capital expenditure carried forward from 2013/14 - (10,000)
Capital expenditure carried forward from 2014/15 - -
Total capital expenditure to be funded 156,137 157,719
Loans to other organisations - -
Total capital expenditure and loans to be funded 156,137 157,719
FUNDED BY:    
Depreciation 70,453 72,525
Use of housing surplus - -
NZTA transport subsidies 10,289 10,264
Housing grants 34,600 30,739
Development contributions 5,000 5,000
Bequests & grants 876 1,492
Borrowings 34,919 37,699
Total funding for capital expenditure and loans to other organisations 156,137 157,719

Funding Impact Statement – BorrowingTop


LTP
2012/13
$000
  Forecast
2013/14
$000
  Opening Gross Borrowings per LTP  
334,406 Opening Gross Borrowings – total 345,688
  New borrowings to fund capital expenditure:  
  - Housing capital expenditure  
14,919 - Other capital expenditure 20,893
20,000 - Carry forward capital expenditure 18,000
34,919 Total 38,893
  Other movements to borrowings:  
- Asset proceeds (15,075)
2,761 Ring-fenced housing surpluses - opex 3,479
(4,351) Ring-fenced housing surpluses - capex (9,954)
(750) Self insurance fund contribution (750)
7,621 Leaky homes 8,772
  Use of prior year surplus  
(1,223) Depreciation reserve movement (3,851)
285 Other movements 751
373,668 Closing Gross Borrowing 375,635


 

Funding impact statement (Housing) – Operating expenditureTop


LTP
2012/13
$000
  Forecast
2013/14
$000
  Operating Statement  
13,603 Total project expenditure  13,841
7,331 Depreciation  9,817
20,934 Total operating expenditure  23,658
  Funded by:   
17,149 User charges (rental income) 19,184
  Other income  
1,024 Housing grants 995
18,173 Total funding for operating expenditure  20,179
(2,761) Ringfenced Operating funding surplus  (3,479)
This information is incorporated into and forms part of the Funding Impact Statement –
Operating Expenditure

Funding impact statement (Housing) – Capital expenditureTop


LTP
2012/13
$000
  Forecast
2013/14
$000
3,287 Renewal capital expenditure 4,908
34,293 Upgrade capital expenditure 25,694
37,580 Total capital expenditure and loans to be funded 30,602
  Funded by:  
7,331 Depreciation 9,817
34,600 Housing grants 30,739
41,931 Total funding for capital expenditure and loans to other organisations 40,556
4,351 Ringfenced Capital funding surplus 9,954
This information is incorporated into and forms part of the Funding Impact Statement –
Capital Expenditure and loans to other organisations


 

Funding impact statement (Housing) – Borrowing/InvestmentsTop


LTP
2012/13
$000
  Forecast
2013/14
$000
  Opening Gross Borrowings per LTP  
(1,498) Opening Gross Borrowings/Investments - total (5,170)
2,761 Ring-fenced housing operating deficit 3,479
(4,351) Ring-fenced housing capital funding surplus (9,954)
(3,088) Closing Gross Borrowings/Investments (11,645)
This information is incorporated into and forms part of the Funding Impact Statement – Borrowings

Rates Funding Statement (excluding GST)Top


Rate Factor Differentiation Total Value of Factor Rate/charge Rates yield GST Exclusive
General Rate Capital Value Base differential use $36,105,329,000 ¢0.196268 $70,863,207
Capital Value Commercial, industrial & business use $10,777,313,000 ¢0.548717 $59,136,949
TOTAL         $130,000,156
Sewerage Rate Fixed charge Base differential use / connection status 66257 properties $104.00 $6,890,728
Capital Value Base differential use / connection status $38,110,030,000 ¢0.038504 $14,673,886
Capital Value Commercial, industrial and business use / connection status $9,146,397,000 ¢0.150934 $13,805,023
TOTAL         $35,369,637
Water rate Fixed charge Base differential use/connection status (without water meter) 59064 properties $132.25 $7,811,214
Capital Value Base differential use/connection status (without water meter) $31,222,448,000 ¢0.046636 $14,560,901
Consumption unit charge Base differential use/connection status (water meter) n/a $1.797 / m3 $434,490
Fixed charge Base differential use/connection status (water meter) n/a $107.50 $75,035
Capital Value Commercial, industrial and business use /connection status( without water meter) $704,504,000 ¢0.345207 $2,431,997
Consumption unit charge Commercial, industrial and business use /connection status (water meter) n/a $1.797 / m3 $12,488,131
Fixed charge Commercial, industrial and business use /connection status (water meter) n/a $107.50 $334,755
TOTAL         $38,136,523
Stormwater rate Capital Value Base differental use (excluding rural) $35,591,966,000 ¢0.039388 $14,018,964
Capital Value Commercial, industrial and business use (excluding rural) 9,534,045,000 ¢0.042689 $4,069,988
TOTAL         $18,088,952
Base sector targeted rate Capital Value Residential use $36,105,329,000 ¢0.017936 $6,475,852
Commercial sector targeted rate Capital Value Commercial, industrial & business use $10,777,313,000 ¢0.045419 $4,894,948
Downtown levy Capital Value Commercial, industrial & business use / central city location $7,339,385,000 ¢0.188980 $13,869,970
Tawa driveways levy Fixed charge Shared residential access driveways in the suburb of Tawa and maintained by the Council 251 properties $133.33 $33,467
Marsden Village levy Capital Value Commercial, industrial & business use located in Marsden shopping village $11,725,000 ¢0.121538 $14,250
TOTAL RATES REQUIREMENT (excluding GST)   246,883,754

 

Rating Mechanisms

RATESTop

Rates are assessed under the Local Government (Rating) Act 2002 (the Act) on all rateable rating units in the Rating Information Database. Where rates are based on value, the capital value of the property as assessed by Quotable Value New Zealand Limited will apply. The latest city-wide revaluation was carried out as at 1 September 2012. This revaluation remains effective for the 2013/14 rating year, except where subsequent maintenance valuations have been required under valuation rules or Council’s rating policies.

Policy Objective

  • To provide the Council with adequate income to carry out its mission and objectives.
  • To support the Council’s achievement of its strategic objectives.
  • To be simply administered, easily understood, allow for consistent application and generate minimal compliance costs.
  • To spread the incidence of rates as equitably as possible, by balancing the level of service provided by the Council with ability to pay and the incidence of costs in relation to benefits received.
  • To be neutral in that it does not encourage people to redirect activity in order to avoid its impact.
  • ​To reflect the decisions of the Council’s policies and rating reviews.

GENERAL RATESTop

General rates are set under section 13 of the Act on all rateable rating units in the City of Wellington.

The Council proposes to set a general rate based on the capital value of each rating unit within the city.

The general rate will be set on a differential basis, based on land use. All rating units (or part thereof) will be classified for the purposes of general rates within one of the following rating differentials:

DIFFERENTIAL RATING CATEGORIESTop

NON-RATEABLE

Included any land referred to in Part 1, Schedule 1 of the Act. This land is non-rateable with the exception of targeted rates for sewerage and water where rates are applicable.

50 PERCENT NON-RATEABLE

Includes all land referred to in Part 2, Schedule 1 of the Act. This land is 50 percent non-rateable in respect of the rates that would have applied had the property not been classified as non-rateable, with the exception of targeted rates for sewerage and water for which the land is fully rateable.

BASE DIFFERENTIAL

This includes:

a) Separately rateable land used for a commercial or industrial purpose
b) Vacant land zoned commercial, industrial or rural industrial under the District Plan administered by the Council
c) Land used for offices, administrative and/or associated functions
d) Land used for commercial accommodation for which a tariff is charged and where the principal purpose is the provision of short stay accommodation
e) Business-related premises used principally for private pecuniary benefit
​f) Utility networks g) Any property not otherwise categorised within the Base differential.

COMMERCIAL, INDUSTRIAL AND BUSINESS DIFFERENTIAL

This includes:

a) Separately rateable land used for a commercial or industrial purpose
b) Vacant land zoned commercial, industrial or rural industrial under the District Plan administered by the Council
c) Land used for offices, administrative and/or associated functions
d) Land used for commercial accommodation for which a tariff is charged and where the principal purpose is the provision of short stay accommodation
e) Business-related premises used principally for private pecuniary benefit
​f) Utility networks
​g) Any property not otherwise categorised within the Base differential.

ANNUAL UNIFORM GENERAL CHARGE

The Council does not assess a Uniform Annual General Charge.

DIFFERENTIAL RATING CATEGORY CONDITIONS

  • The Council has previously resolved to achieve a target in 2011/12, which modified the differential apportionment so that the commercial, industrial and business sector pay 2.8 times the General rate per dollar of capital value payable by those properties incorporated under the Base (Residential) differential. No further changes are proposed to the differential apportionment in 2012/13.
  • The separated parts of a rating unit will be differentially rated where a part of the property is non-rateable or the property fits under one or more rating differential and either:
a) The total capital value of the rating unit is above $800,000 or
​b) Minority use(s) account for more than 30 percent of the total capital value of the rating unit.

In any other case, the General rate differential is determined by principal use.

  • In regard to the rates attributable to a rating unit during the transition period between two differential rating categories, a ratepayer may apply for a change in rating category at any time between the lodgement of a building consent application with the Council (on the condition that the principal prior use has ended) and the earlier of either:
a) The time at which the Council gives final approval of the completed works, or
​b) The property is deemed (by the Council) to be available for its intended use.

In situations where the change in land use does not require a Council consent, but warrants a change in differential rating category, the onus is on the ratepayer to inform the Council prior to the property being utilised under the new use.

  • The rating differential classification of all rating units must be set prior to the commencement of a rating year and will remain in place for that entire rating year. Any change in circumstances that results in a change of differential classification during a rating year will apply from 1 July of the following rating year.
  • ​Any property eligible for mandatory 50 percent non-rateability under Part 2, Schedule 1, of the Act, will be first classified under the appropriate General rate differential classifications and the non-rateability applied to that rate.

TARGETED RATESTop

Targeted Rates are set under section 16 of the Act.

Sewerage Rate

A targeted sewerage rate is to be apportioned 60 percent: 40 percent between properties incorporated under the Base differential and the Commercial, Industrial and Business differential in accordance with the Revenue and Financing Policy. This rate pays for the cost of the provision of the sewerage treatment facilities for the city.

For the purposes of these rates the sewerage collection and disposal service is treated as being provided if the rating unit is connected to a public sewerage drain (either directly or indirectly), irrespective of whether the property is considered fully rateable or is mandatory non-rateable or 50 percent non-rateable under Schedule 1 of the Act.

The targeted Sewerage rate is calculated as follows:

For rating units incorporated in the Commercial, Industrial and Business differential:

A rate per dollar of capital value on all rating units connected to a public sewerage drain, to collect 40 percent of the required rates funding, after having deducted the total dollar amount budgeted to be collected through Trade Waste Charges (excluding consent fees).

For rating units incorporated in the Base differential:

A fixed amount of $100 (+ GST) and a rate per dollar of capital value on all rating units connect to a public sewerage drain, to collect 60 percent of the required rate funding.

Water Rate

A targeted rate for water is to be apportioned with the aim of achieving a 60 percent: 40 percent split between properties incorporated under the Base differential and the Commercial, Industrial and Business differential in accordance with the Revenue and Financing Policy.

This rate pays for water collection and treatment facilities, the water distribution network and water conservation for the city.

This rate is set on all rating units serviced by a water connection.

For the purposed of these rates, the water service is treated as being provided if the rating unit is connected to the public water supply (either directly or indirectly), irrespective of whether the property is considered fully rateable or is mandatorily non-rateable or 50 percent non-rateable under Schedule 1 or 2 of the Act.

The targeted Water rate is calculated as follows:

For rating units incorporated in the Commercial, Industrial andBusiness differential, either:

a) A fixed water meter charge of $1.797 (+ GST) per cubic meter of water used by all rating units connected to the public water supply with a water meter installed, plus an administrative charge of $107.50 (+ GST) per annum

Or

b) A rate per dollar of capital value on all rating units connected to the public water supply, without a water meter installed.

For rating units rated incorporated in the Base differential, either:

a) A fixed water meter charge of $1.797 (+ GST) per cubic meter of water used by all rating units connected to the public water supply with a water meter installed, plus an administrative charge of $107.50 (+ GST) per annum

Or

b) A fixed amount of $132.25 (+ GST) per rating unit and a rate per dollar of capital value on all rating units connected to the public water supply without a water meter installed, to collect the required Base differential contribution.

Stormwater Network Rate

A targeted stormwater rate is to be apportioned 77.5 percent to the non-rural rating units incorporated under the Base differential and 22.5 percent to the Commercial, Industrial and Business differential in accordance with the Revenue and Financing Policy. This rate pays for the cost of the provision of the stormwater collection/disposal network for the city.

Properties classified as “rural” under the Council’s operative District Plan are excluded from the liability of this rate.

The targeted Stormwater network rate is calculated as follows:

For non-rural rating units incorporated in the Commercial, Industrial and Business differential:

A rate per dollar of capital value to collect 22.5% percent of the required rates funding.

For non-rural rating units incorporated in the Base differential:

A rate per dollar of capital value to collect 77.5% percent of the required rates funding.

COMMERCIAL, INDUSTRIAL AND BUSINESS SECTOR TARGETED RATE

This rate pays for activities where the Council’s Revenue and Financing Policy identifies that the benefit can be attributed to the commercial, industrial and business sector and where the activity is not incorporated in other service related targeted rates. This incorporates the following:

  • 100% of the cost of the events attraction and support activity

This rate is levied on all properties incorporated in the commercial, industrial and business sector and is calculated on a rate per dollar of rateable capital value.

BASE SECTOR TARGETED RATE

This rate pays for activities where the Council’s Revenue and Financing Policy identifies that the benefit can be attributed to properties incorporated under the Base differential rating category (incorporating residential ratepayers). This incorporates the following activities:

  • 100% of the facilitation of community environmental initiatives, cultural grants, facilitation of recreation partnerships and community advocacy activities.
  • ​98% of the provision of community centres and halls activities.

This rate is levied on all properties incorporated under the Base differential rating category and is calculated on a rate per dollar of rateable capital value.

DOWNTOWN LEVY

This rate pays for tourism promotion (PWT) and retail support (free weekend parking). It also pays for 70% of the visitor attractions activity and 25% of galleries and museums (WMT) activity.

This rate is levied on all commercial, industrial and business properties in the downtown area and is calculated on a rate per dollar of rateable capital value. For the purpose of this rate, the downtown area refers to the area as described by the Downtown Levy Area map as follows:

area map
   


TAWA DRIVEWAYS LEVY

This rate pays for the maintenance of a specified group of residential access driveways in the suburb of Tawa, overseen by the Council. This rate is levied on a specific group of rating units in the former Tawa Borough at a fixed amount of $133.33 (+ GST) per annum.

MARSDEN VILLAGE LEVY

This rate is collected by the Council on behalf of the Marsden Village Association on all commercial, industrial and business properties in the Marsden shopping village and is calculated on a rate per dollar of capital value.

RATES REMISSION AND POSTPONEMENT POLICIESTop

Refer to the Council Rates Remission and Postponement Policies.

Prospective Statement of Comprehensive Financial PerformanceTop


  LTP
2012/13
$000
Forecast
2013/14
$000
INCOME    
Revenue from rates 226,603 233,551
Revenue from rates - metered water 12,822 13,333
Revenue from development contributions 5,000 5,000
Revenue from grants and subsidies 52,596 49,746
Revenue from operating activities 99,395 101,936
Revenue from investments 18,464 19,118
Finance income 562 560
Other income 1,164 1,120
TOTAL INCOME 416,606 424,364
EXPENSE    
Finance expense 22,647 21,965
Expenditure on operating activities 264,830 274,623
Depreciation and amortisation 91,703 92,109
TOTAL EXPENSE 379,180 388,697
TOTAL OPERATING SURPLUS 37,426 35,667
Income tax expense - -
NET SURPLUS FOR THE YEAR 37,426 35,667
OTHER COMPREHENSIVE INCOME    
Revaluations - fair value movement on property, plant and equipment - net - 176,121
Fair value though other comprehensive income (432) -
TOTAL OTHER COMPREHENSIVE INCOME (432) 176,121
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 36,994 211,788

Prospective Statement of Financial PositionTop


  LTP
2012/13
$000
Forecast
2013/14
$000
ASSETS    
Current assets    
Cash and cash equivalents 19,641 2,622
Derivative financial assets - 108
Trade and other receivables 38,090 41,658
Prepayments 5,869 14,211
Inventories 1,134 866
Non-current assets classified as held for sale - -
Total current assets 64,734 59,465
Non-current assets    
Derivative financial assets 1,275 949
Trade and other receivables - 12,675
Other financial assets 6,814 8,392
Intangibles 8,350 13,900
Investment properties 203,742 200,474
Property, plant & equipment 6,533,338 6,768,586
Investment in subsidiaries 3,809 3,809
Investment in associates 19,519 19,519
Total non-current assets 6,776,847 7,028,304
TOTAL ASSETS 6,841,581 7,087,769
LIABILITIES    
Current liabilities    
Derivative financial liabilities 26 469
Trade and other payables 60,435 53,217
Revenue in advance 10,320 11,889
Borrowings 92,067 129,572
Employee benefit liabilities 5,694 6,638
Provision for other liabilities 11,708 16,797
Total current liabilities 180,250 218,582
Non-current liabilities    
Derivative financial liabilities 10,062 23,812
Trade and other payables    
Borrowings 281,601 246,063
Employee benefit liabilities 1,600 1,649
Provisions for other liabilities 38,651 27,288
Total non-current liabilities 331,914 298,812
TOTAL LIABILITIES 512,164 517,394
EQUITY    
Accumulated funds and retained earnings 4,907,650 4,985,989
Revaluation reserves 1,414,606 1,593,814
Hedging reserve (9,173) (23,896)
Fair value through other comprehensive income reserve 316 586
Restricted funds 16,018 13,884
TOTAL EQUITY 6,329,417 6,570,366
TOTAL EQUITY AND LIABILITIES 6,841,581 7,087,770

Prospective Statement of Changes in EquityTop


LTP
2012/13
$000
  Forecast
2013/14
$000
  EQUITY - OPENING BALANCES  
4,870,224 Accumulated funds and retained earnings 4,950,327
1,414,606 Revaluation reserves 1,417,693
748 Fair value through other comprehensive income reserve 586
(9,173) Hedging reserve (23,896)
16,018 Restricted funds 13,878
6,292,423 TOTAL EQUITY - Opening balance 6,358,588
  CHANGES IN EQUITY  
  Retained earnings  
37,426 Net surplus attributable to the current year 35,667
765 Transfer from restricted funds 761
(765) Transfer to restricted funds (767)
  Revaluation reserves  
- Share of other comprehensive income 176,121
  Fair value through other comprehensive income reserve  
(432) Movement in fair value -
  Restricted Funds  
765 Transfer from retained earnings 767
(765) Transfer to retained earnings (761)
36,994 Total comprehensive income 211,788
  EQUITY - CLOSING BALANCES  
4,907,650 Accumulated funds and retained earnings 4,985,988
1,414,606 Revaluation reserves 1,593,814
316 Fair value through other comprehensive income reserve 586
(9,173) Hedging reserve (23,896)
16,018 Restricted funds 13,884
6,329,417 TOTAL EQUITY - Closing balance 6,570,376

Prospective Statement of Cash FlowsTop


LTP
2012/13
$000
  Forecast
2013/14
$000
  CASH FLOWS FROM OPERATING ACTIVITIES  
226,745 Receipts from rates and levies - Council  233,551
 - Receipts from rates and levies - Greater Wellington Regional Council  50,341
12,822 Receipts from rates - metered water  13,333
105,417 Receipts from activities and other income  107,022
6,831 Receipts from grants and subsidies - operating  7,251
45,765 Receipts from grants and subsidies - capital  42,495
9,166 Receipts from investment property lease rentals  9,220
(240,674) Cash paid to suppliers and employees (260,882)
 - Rates paid to Greater Wellington Regional Council (50,341)
(29,328) Grants paid  (29,389)
136,744 NET CASH FLOWS FROM OPERATING ACTIVITIES 123,635
  CASH FLOWS FROM INVESTING ACTIVITIES  
9,298 Dividends received  9,898
10 Interest received  10
 - Proceeds from sale of property, plant and equipment  15,075
(4,563) Purchase of Intangibles (3,305)
(151,574) Purchase of property, plant and equipment (154,414)
(146,829) NET CASH FLOWS FROM INVESTING ACTIVITIES (132,736)
  CASH FLOWS FROM FINANCING ACTIVITIES  
 - Decrease in borrowings  -
31,662 Increase in borrowings 29,967
(21,577) Interest paid on borrowings (20,866)
10,085 NET CASH FLOWS FROM FINANCING ACTIVITIES 9,101
 - Net increase/(decrease) in cash and cash equivalents  -
19,641 Cash and cash equivalents at beginning of year 2,622
19,641 CASH AND CASH EQUIVALENTS AT END OF YEAR 2,622

Prospective Statement of Changes in Restricted FundsTop


  OPENING
BALANCE
2012/13
​$000
DEPOSITS


$000
EXPENDITURE


$000
CLOSING
BALANCE
2013/14
$000
PURPOSE​
SPECIAL RESERVES AND FUNDS          
Reserve purchase and development fund 299 - - 299 Used to purchase and develop reserve areas within the city
Early Settlers Memorial Park reserve 23 - - 23 Used to upgrade and maintain the Bolton Street Cemetery and surrounding park and walkways
Total special reserves and funds 322 - - 322  
COUNCIL CREATED RESERVES AND FUNDS          
Self insurance reserve 8,900 750 (750)  8,900 Allows the Council to meet the uninsured portion of insurance claims
Other reserves  4,243 - -  4,243  
Total Council created reserves and funds 13,143  750 (750)  13,143  
TRUSTS AND BEQUESTS          
A Graham Trust  2 - - (2) For the upkeep of a specific area of Karori Cemetery
A W Newton request 286  15 (15) 286 For the benefit of art (Fine Arts Wellington), education (technical and other night schools) and athletics (rowing)
E A McMillan Estate 6 - - 6 For the benefit of the public library
E Pengelly Bequest 11 1 - 12 For the purchase of children’s books
F L Irvine Smith Memorial 6 - - 6 For the purchase of books for the Khandallah Library Greek NZ Memorial
Association 5 - - 5 To be applied towards Lambton Quay sculptures
Kidsarus 2 Donation 3 - - 3 For the purchase of children’s books Kirkaldie and Stains
Donation 17 - - 17 For the beautification of the BNZ site
QEII Memorial Book Fund 20 1 - 21 For the purchase of books on the Commonwealth
Schola Cantorum Trust  6 - - 6 For the purchase of musical scores
Stanley Banks Trust 16 - 15 31 To be available for bursaries for children of World War servicemen
Terawhiti Grant 10 - - 20 To be used on library book purchases
W G Morrison Estate 11 - (11)  - For development of “green” amenities in the city centre (the Terrace Gardens)
Wellington Beautifying Society Bequest 14 - - 14 Used towards “the Greening of Taranaki Street” project
Total trusts and bequests 413 17 (11) 419  
Total restricted funds 13,878 767 (761) 13,884  
8Included in this figure is the metered water rates (applicable to Funding Impact Statement for Water).
9Included in this figure is the metered water rates (applicable to Funding Impact Statement for Water).
10Included in this figure is the metered water rates (applicable to Funding Impact Statement for Water).
11​Included in this figure is the metered water rates (applicable to Funding Impact Statement for Water).
12Included in this figure is the metered water rates (applicable to Funding Impact Statement for Water).
13Included in this figure is the metered water rates (applicable to Funding Impact Statement for Water).
14Included in this figure is the metered water rates (applicable to Funding Impact Statement for Water).
15Included in this figure is the metered water rates (applicable to Funding Impact Statement for Water).
16Included in this figure is the metered water rates (applicable to Funding Impact Statement for Water).
17​Included in this figure is the metered water rates (applicable to Funding Impact Statement for Water).
18​Included in this figure is the metered water rates (applicable to Funding Impact Statement for Water).
19​Included in this figure is the metered water rates (applicable to Funding Impact Statement for Water).
20Included in this figure is the metered water rates (applicable to Funding Impact Statement for Water).
21​Included in this figure is the metered water rates (applicable to Funding Impact Statement for Water).
22​Included in this figure is the metered water rates (applicable to Funding Impact Statement for Water).
23Included in this figure is the metered water rates (applicable to Funding Impact Statement for Water).
24Included in this figure is the metered water rates (applicable to Funding Impact Statement for Water).
25Included in this figure is the metered water rates (applicable to Funding Impact Statement for Water).