Proposed Revenue and Financing Policy 2015 And New Rates Remissions Policies Consultation Document. Have your say by 17 April 2015

Save this PDF as:

Size: px
Start display at page:

Download "Proposed Revenue and Financing Policy 2015 And New Rates Remissions Policies Consultation Document. Have your say by 17 April 2015"

Transcription

1 Proposed Revenue and Financing Policy 2015 And New Rates Remissions Policies Consultation Document Have your say by 17 April 2015

2 What is Council Proposing? The Revenue and Financing Policy sets out how the Council funds each of its activities and explains the reasons for each. The majority of the income Council collects is through rates (62% in 2015/16). The balance is from grants, subsidies, dividends and user fees. The policy provides ratepayers and customers with predictability and certainty about the sources of funding for our activities and in conjunction with the Long Term Plan provides certainty on the level of those funds. Council is proposing to adopt the Revenue and Financing Policy to replace its existing Revenue and Financing Policy. There are four new Remissions Policies proposed in the draft Long Term Plan. 1. Partial Use/Partial Occupation of Maori Freehold Land 2. Development of Maori Freehold Land 3. Transitional Rate Remission 4. Pest and Plants, Rural Fires and Soil Conservation Targeted Rates Key changes to the Revenue and Financing Policy include: Consolidating some rates to have a consistent approach to funding, reduce complexity, increase understanding and increase predictability of rates system Consolidate the land drainage scheme rates from 19 targeted rates to 2 targeted rates groups. Increasing the portion of public good funding for Waipaoa Flood Control Scheme and River Erosion Protection Ruatoria to 60% general rate funding. In the Policy Waipaoa Flood Control Scheme had 5% general rates funding and River Erosion Protection Ruatoria had 10% general rates funding. Increase the forestry roading rate weighting from 4 to 5 to reflect the greater impact the forestry industry has on our road network compared to other sectors of the community. Table 1: The major changes are shown below: Activity Consolidation Rate Stock Control Status Quo Rating Method Differentiated targeted rate based on Land Value of which: 60% Outer Zone DRA5 & Townships, 30% from Outer Zone DRA3 & 4 and Townships 10% from Inner Zone Proposed Option Rating Method 70% - Outer Zone (excluding Rural Towns), Land Area: 30% - Inner Zone and rural towns -Capital Value Legacy Loans (District Loans) 100% targeted rate 70% - Outer Zone (excluding Rural Towns), Land Area: A Page 2

3 Activity Consolidation Rate Water Conservation - education and advocacy Water Conservation - Implementation of rules and sustainable management Consolidation Rate Building Services Non Subsidised Local Roads Consolidation Rate Aquatic and Recreation Facilities Status Quo Rating Method DRA1 8%, DRA1A 4%, DRA2 82%, DRA3 2%, DRA4 2.68%, DRA5 1.32% Land Value: Inner 70%, Outer 30% Capital Value: Inner 85%, Outer 15% 100% targeted rate on capital 80% DRA1/DRA1A, 10% DRA2-5 10% from DRA3-5 rural townships Capital Value Differential: Inner 1.0, Outer 0.3 Proposed Option Rating Method 30% - Inner Zone and rural towns -Capital Value Consolidated to one rate Water Conservation Land Value: Inner 70%, Outer 30% Capital Value: Inner 85%, Outer 15% Capital Value: Inner 85%, Outer 15% Capital Value - Differential Inner 1.0, Outer 0.3 Theatres Fees and Charges 25% 75% rates funded as: UAGC 50% General Rate inner zone 50% Capital Value - Differential Inner 1.0, Outer 0.3 Activity Consolidated Rate Subsidised Local Roads - UAGC Portion combined with targeted rates Status Quo Rating Method 58% NZTA 42% Rates Funding - 10% UAGC - 32% Capital Value Targeted on Use, Proposed Option Rating Method 58% NZTA 42% Rates Funding - 10% UAGC - 32% Capital Value Targeted on Use, A Page 3

4 Activity Flood Damage and Emergency Reinstatement Consolidated Rate Economic Development (including Tourism Eastland or City Centre Management and Promotion (previously Heart of Gisborne) Strategic Planning and Engagement (Previously Community Development) Strategic Planning and Engagement Resource Management Act (Previously Environmental Policy) Consolidated Rate Uniform waste management charge for City (and environs) Status Quo Rating Method Residential and Lifestyle 1.0 Horticultural and Pastoral 1.5 Industrial and Commercial2.0 Forestry % NZTA 25% targeted rate on Capital Value as follows: DRA1, DRA1A 20% DRA2 5% DRA % 40% undifferentiated general rates 10% UAGC 50% targeted rate based on Capital Value to accommodation, retail, industrial and commercial sectors over the district Proposed Option 100% UAGC 100% UAGC 100% targeted undifferentiated rate based on Land Value 100% Uniform targeted rate over the areas served charged per each Separately Used or Inhabited Part (SUIP) of a property Rating Method Residential, Lifestyle and Other 1.0 Horticultural and Pastoral 1.5 Industrial and Commercial 2.0 Forestry % NZTA 42% Rates Funding - 10% UAGC - 32% Capital Value Targeted on Use, Residential, Lifestyle and Other 1.0 Horticultural and Pastoral 1.5 Industrial and Commercial 2.0 Forestry % undifferentiated general rates 10% UAGC 50% targeted rate based on Capital Value to accommodation, retail, industrial and commercial sectors over the district 100% UAGC 100% Uniform targeted rate over the areas served charged per each Separately Used or Inhabited Part (SUIP) of a property A Page 4

5 Activity Uniform waste management charge for Ruatoria Status Quo Consistent Approach to Public Good Waipaoa Flood Control Scheme Rating Method 100% Uniform targeted rate over the areas served charged per each Separately Used or Inhabited Part (SUIP) of a property 95% targeted rate on Capital Value to direct beneficiaries in flood scheme area 5% General Rate Proposed Option Rating Method 100% Uniform targeted rate over the areas served charged per each Separately Used or Inhabited Part (SUIP) of a property 60% General Rate, 40% Targeted Rate on Capital Value to direct beneficiaries in flood scheme area River Erosion Protection Ruatoria Consolidated Rate Land Drainage consolidation (19 rates groups to 2 rates groups) 60% targeted rate on Capital Value to direct beneficiaries 15% targeted rate on Capital Value to indirect beneficiaries 15% targeted rate on Land Area to contributors 10% General Rate 100% targeted rate on Land Area in the area of benefit (19 rates groups) 60% General Rate, 40% Targeted Rate - 27% targeted rate on Capital Value to direct beneficiaries % targeted rate on Capital Value to indirect beneficiaries % targeted rate on Land Area to contributors 100% targeted rate on Land Area in the area of benefit (2 rates groups) Why is Council proposing to change the Revenue & Financing Policy? Council has undertaken a thorough review of the rates system including the Revenue and Financing Policy over the last 18 months. One of the drivers for the review was to have a rates system that was less complex. Significant rates issues of the past few years had highlighted that our system had grown in complexity over time and this had made predicting the rates incidence across the district difficult. As a result of the rates system review a number of the rating activities have been consolidated, reducing complexity and increasing the consistency of application of funding streams. In some cases that means treating or funding like activities the same. This result is a more understandable and predictable rates system. The rates system outcomes have been modelled extensively at an activity by activity level and overall rates movement level. A Page 5

6 What does Council consider when proposing to change the Revenue & Financing Policy? In determining how activities are funded the Council is obliged to equitably share the cost of delivering services across different users as well as ensuring equity between current and future generations. In deciding how to fund each activity, the Council considers the nature of the services provided and who benefits from those services. The Council takes into account: the council outcomes to which an activity contributes the distribution of benefits between the community as a whole, identifiable parts of the community and individuals (beneficiary pays principle) the period during which the benefits are expected to occur (intergenerational equity principle) the extent to which actions, or inactions, of individuals or groups contribute to the need to undertake the activity (exacerbator pays principle) the costs and benefits of funding the activity distinctly from other activities. The Council then considers the overall impact of any allocation of liability for revenue needs on the District, local communities and communities of interest. As part of the Long Term Plan process Council has undertaken a thorough review of the Revenue and Financing Policy which involved many Council workshops. Council applied the following general principles when considering each activity's funding stream for the review: 1. Reduced complexity and ratepayer impact 2. Reduced administration and costs of implementation 3. Increased predictability in reporting 4. Enhanced consistency of application 5. Phased implementation of major changes if necessary to lessen impacts 6. Achieved fairness and equity 7. Increase in use of fees and charges 8. Use of beneficiaries and user pays through targeted rates where appropriate 9. Consideration of a public good component for the cost of infrastructure that qualifies as being for the good of the district 10. Consideration of not using Uniform Annual General Charge and other fixed charges to legislative maximum of 30%, allowing UAGC to be used as a lever to smooth rates when appropriate. 11. Use of targeted rates on inner/outer zone as appropriate 12. Use of General Rates (on Capital Value) where appropriate. A Page 6

7 Why Does Council have a Revenue and Financing Policy? The Local Government Act 2002 (LGA) requires Council to have a Revenue and Financing Policy in order to provide predictability and certainty about the sources and levels of funding. The funding sources need to cover both operational and capital expenditure. What options are proposed for the Revenue and Financing Policy? Councillors have undertaken a full review of the Council s rating system and Revenue and Financing Policy through a series of workshops. In the rates workshops, councillors were presented with iterative rates systems, analysis and modelling, which provided alternative options for some activities based on a various principles and rating tools. Changes were made to a number of the funding streams as a result of these workshops. Key changes to the policy include: Consolidating some rates to have a consistent approach to funding, reduce complexity, increase understanding and increase predictability of rates system Consolidate the land drainage scheme rates from 19 targeted rates to 2 targeted rates groups. Increasing the portion of public good funding for Waipaoa Flood Control Scheme and River Erosion Protection Ruatoria to 60% general rate funding. In the Policy Waipaoa Flood Control Scheme had 5% general rates funding and River Erosion Protection Ruatoria had 10% general rates funding. Increase the forestry roading rate weighting from 4 to 5 to reflect the greater impact the forestry industry has on our road network compared to other sectors of the community. Council now presents two options Option 1(preferred) and Option 2. Although the options noted below are the final two options Council reviewed Council is interested in the community s views on all of these rates changes. An alternative to the two options presented here is to make no changes to Council s policy and keep the Revenue and Financing Policy. Council is interested in feedback on any aspect of our Revenue and Financing Policy. The final two options considered by Councillors varied the amount of Uniform Annual General Charge (UAGC) funding for the Subsidised Local Roads. Please refer to Appendix 1 for detailed analysis of these options. Option 1 (preferred option) is the approach in Council s proposed Revenue and Financing Policy with the changes noted on page 2 Table 1. Subsidised Local Roads were funded 58% NZTA, 42% rates funding made up of UAGC 10%, and 32% differential targeted rates. Differentials are as follows: Residential, lifestyle and other 1.0 Horticultural and Pastoral 1.5 Industrial and Commercial 2.0 Forestry 5.0 A Page 7

8 Option 2 is the approach in Council s proposed Revenue and Financing Policy with the changes noted on page 2 Table 1. Subsidised Local Roads were funded 58% NZTA, 42% rates funding made up of UAGC 8%, and 34% differential targeted rates. Differentials are as follows: Residential, lifestyle and other 1.0 Horticultural and Pastoral 1.5 Industrial and Commercial 2.0 Forestry 5.0 What are Council s new Rates Remissions Policies? There are four new Remissions Policies proposed for the draft LTP: 1. Partial Use/ Partial Occupation of Māori Freehold Land: Allows portions of Māori Freehold Land greater than two hectares which are unoccupied to be eligible for rate remission. 2. Development of Māori Freehold Land: We can remit rates on Māori Freehold Land on a sliding scale where the land is being developed or used and has previously been unused or unoccupied. 3. Transitional Rate remission: We can remit rates on properties that have significant rates increases due to rating changes in the Revenue and Financing Policy if they meet a set criteria. 4. Pest and Plants, Rural Fires and Soil Conservation (2015/2016): Allows remission of rates for these activities to continue for certain properties already receiving this remission in 2014/15. As part of the preparation of the LTP, and as a result of the Strategic Review of Debt on Māori Land, Council has reviewed its remissions policy. There have been two new remissions policies created as a direct result of the findings of the Strategic Review of Debt on Māori Land (Policy 1 and 2 above). Over recent years there has been concern raised over large swings in rates incidence when there is a substantial review of the Revenue and Financing Policy. As a result Council has developed a Transitional Rate Remission Policy (Policy 3 above) that can be applied for when there are large unintended rates increases as a result of significant changes to the Revenue and Financing Policy. The rates remission on certain targeted rates - Pests and Plants, Rural Fires and Soil Conservation (Policy 4 above) has been applied consistently for 2013/14 and 2014/15 and will again be applied to those properties most affected by the change in the Revenue and Financing Policy in 2015/16. When will these policies apply? If approved the proposed Revenue and Financing Policy and the Rates Remissions policies will apply from 1 July How Can I find out more? Refer to for further discussion and information. A Page 8

9 You can download a copy of the proposed policies from Council s website. How Can I have my say? The draft Revenue and Financing Policy and draft Remissions Policies are being consulted on as part of the draft Long Term Plan consultation process 16 March to 17 April This involves: The draft Consultation Document being available on request and sent to relevant stakeholders. Hard copies of the draft Consultation Document and information on the proposed Revenue and Financing Policy and Remissions Policies will be available at the Council Administrative Centre in Fitzherbert Street, HB Williams Memorial Library and Te Puia Springs Service Centre. Electronic copies of all documents and summary information available on the Council website. Community update meetings, displays and selected stakeholder presentations from the Mayor. To make a submission or provide feedback on the above options or anything else relating to the proposed policies: Go to to fill out a submission form online Fill out a submission form in the Long Term Plan consultation document. Send it Freepost or by to Attend a community update meeting, ask the mayor, councillors and staff questions and tell them what you think. Dates and venues are on our website A Page 9

10 Appendix 1 Analysis on Options1 and 2 (based on report 15/005 Adoption of Revenue and Financing Policy and New Remissions Policies for Consultation 26 Feb 2015 Council Meeting) Option 1 (preferred) Museum, Parks and Reserves, Pests/Plants, Rural Fires, Soil Conservation at 2014/15 Revenue and Financing Policy, Community Services in UAGC, Subsidised Local Roads - 58% NZTA, 42% rates funding made up of UAGC 10% and 32% differential targeted rates Number of Properties 12,000 Estimated 2015/16 (Yr1) % Rates Movement Option 1 10,000 9,612 8,000 6,000 4,000 2, % + 40% to 49.9% % to 20% to 10% to 39.9% 29.9% 19.9% 1,048 1,149 2,406 5% to 2% to 0.1% 9.9% 4.9% to 1.9% 0% to 1.9% 3,755 2% to 4.9% 2,596 5% to 9.9% % to 19.9% % to 29.9% 30% to 39.9% 40% to 49.9% ,048 1,149 2,406 9,612 3,755 2, % + Number of Properties with increases over $ Number of Properties with total rates over $ Key Observations Option % (5572) of properties have decreases 2. 43% (9,612)have increases between 0.1% and 1.9% 3. 17% (3,755)have increases between 2% and 4.9% 4. 88% (18,939) of properties either have decreases or increases under 5% 5. 12% (2,596) have increases between 5% and 9.9% 6. Just under 4% (858) greater than 10% increase 7. UAGC is $637 and the uniform cap is at 27.4% with corrected V6 8. Increases on forestry properties due to Subsidised Local Roads increased forestry weighting A Page 10

11 9. Increase on properties that have had an increase in rating valuation. Note that some are self-generated from capital value changes, for example, partial sell-off, improvements or expansion 10. Increases are spread throughout the district Analysis of Top 100 properties for Option 1 percentage variance 36 properties that previously had no UAGC are now being charged UAGC 61 properties have seen significant capital valuation increases Of these 61 properties, 29 have increases in capital value of $200,000 or more 4 properties are corporate properties that have had significant capital value increases One property is a large utility property with no land value and significant increase in capital value. One property is an apartment that has been sold privately and is no longer contiguous Increases identified at rates activity line level in top 100 by percentage Subsidised local roads impact of forestry roading weighting increasing from weighting of 4 to 5. Subsidised local roads pastoral properties weighting has not increased but it is quite common to have capital values increased causing increase in roading rate. Soil conservation rate is having an impact on properties due to increased budget for Waingake Restoration Project. Often the properties have very low capital value that are contiguous (i.e. Capital Values of approx. $900-10,000). Overall small dollar value in rates. Pests and plant driven by property valuation and increase in budgets for Pest Management Strategy. Water resources driven by property valuations and increased budgets for Environmental Monitoring and Non Regulatory Freshwater Management Projects. Rivers Control increased rates charges overall due to public good component of Waipaoa and Waiapu Flood Protection Schemes. A Page 11

12 Thematic Map Option 1 OPTION 1 - Preferred - Includes Community Services at 100% UAGC A Page 12

13 Thematic Map Option 1 highlighting increases over 10% OPTION 1 - Preferred - Includes Community Services at 100% UAGC A Page 13

14 Analysis of 2014/15 Properties affected by three Targeted Rates Pests Plants, Rural Fires and Soil Conservation (PPRFSC) Changes to the Revenue and Financing Policy in 2012/13 and 2013/14 resulted in large swings in the rates for some ratepayers in 2012/13 and 2013/14 for the three rates Pests and Plants, Rural Fires and Soil Conservation. Council has previously applied a targeted remissions policy to provide a consistent level of relief for those properties most affected in 2012/13, 2013/14 and 2014/15. The graph below shows the rates movement on the group of ratepayers that have been most impacted by the three targeted rates policy change in 2013/14 and 2014/15 many were in Tolaga Bay and Tokomaru Bay. This graph is based on the rates increase from 2014/15 to 2015/16 prior to any remissions being applied in 2015/16. Of this group of ratepayers 46% (291) of properties receive a decrease in rates when compared to 2014/15 rates. It should be noted that the activity rates for these three targeted rates (Pests Plants, Rural Fires and Soil Conservation) were significantly higher than most other rate payers. Number 140 of properties PPRFSC % Variance total rates movement from 2015/16 (Yr1) Option % + 40% to 49.9% 30% to 39.9% 11 20% to 29.9% 10% to 19.9% 5% to 9.9% 2% to 0.1% to 0% to 4.9% 1.9% 1.9% 2% to 4.9% 5% to 9.9% 10% to 14.9% 10 15% to 19.9% % to 29.9% % + Number of Properties with increases over $ Number of Properties with total rates over $ The next graph shows the rates movement on the group of ratepayers that have been most significantly impacted by the three targeted rates policy change if the targeted remission policy was applied again in 2015/16 on a consistent basis as the previous years. A Page 14

15 PPRFSC % Variance total rates movement 2015/16 (Yr 1) Number of properties Option 1 Post Remission % + 40% to 30% to 20% to 10% to 5% to 49.9% 39.9% 29.9% 19.9% 9.9% % to 0.1% to 4.9% 1.9% 0% to 1.9% % to 4.9% 5% to 9.9% % to 14.9% 15% to 19.9% % to 29.9% % + Number of Properties with increases over $ Number of Properties with total rates over $ Rates modelling Option1 for Years 2 and 3 of Long Term Plan The following two rates analysis graphs highlight that for years 2 and 3 the percentage rates increases remains mainly in the 0.1% - 5% increase range. There is less variability in the rates system in years 2 and 3 as there are no planned rates revaluation nor is there a Revenue and Financing Policy review. This means rates remain much more predictable and constant as the main factor affecting rates in these years will be any significant movement of budgets between activities. Number of properties 14,000 12,000 10,000 8, (Yr 2) Option 1 Total rates movement % Variance 8,183 12,848 6,000 4,000 2, % + 40% to 49.9% 30% to 39.9% 20% to 29.9% 10% 5% to 2% to to 19.9% 9.9% 4.9% 0.1% to 1.9% 0% to 1.9% 2% to 4.9% 585 5% to 9.9% % to 14.9% 15% to 19.9% 20% to 29.9% 30% to 40% to 50% % 49.9% ,183 12, Number of Properties with increases over $ Number of Properties with total rates over $ A Page 15

16 Number of 16,000 properties 2018 (Yr3) Option 1 Total rates movement % Variance 14,000 12,000 10,000 8,000 6,000 4,000 2, % + 40% to 30% to 20% to 10% to 5% to 2% to 49.9% 39.9% 29.9% 19.9% 9.9% 4.9% % to 1.9% 0% to 1.9% 4,055 2% to 4.9% 1,689 5% to 9.9% 9 10% to 15% to 20% to 30% to 40% to 50% % 19.9% 29.9% 39.9% 49.9% ,183 4,055 1,689 9 Number of Properties with increases over $ Number of Properties with total rates over $ A Page 16

17 Option 2 Museum, Parks and Reserves, Pests/Plants, Rural Fires, Soil Conservation, at 2014/15 Revenue and Financing Policy, Community Services in UAGC, Subsidised Local Roads - 58% NZTA, 42% rates funding made up of UAGC 8% and 34% differential targeted rates. Number of Properties 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1, Estimated 2015/16 (Yr1) % Rates Movement Option ,103 1,313 50% + 40% to 30% to 20% to 10% to 5% to 2% to 49.9% 39.9% 29.9% 19.9% 9.9% 4.9% 4, % to 1.9% 8,084 0% to 1.9% 3,667 2% to 4.9% 1,749 5% to 9.9% % to 20% to 30% to 40% to 50% % 29.9% 39.9% 49.9% ,103 1,313 4,603 8,084 3,667 1, Number of Properties with increases over $ Number of Properties with total rates over $ Key Observations Option % (8084) have increases between 0.1% and 1.9% 2. 17% (3667) have increases between 2% and 4.9% 3. 88% (19,671) of properties are either have decreases or increases under 5%. 4. 8% (1,749) properties are between 5% and 9.9% 5. Just over 4% (973) of properties are greater than 10% increase 6. UAGC is approx. $615 (GST exclusive) per SUIP 7. V5 Results in general rate 6%, targeted rate 67% and uniform rate 26.5% 8. Increases on forestry properties mainly due to Subsidised Local Roads increased forestry weighting from 4 to Properties who have had an increase in capital value (CV) as a result of rates property revaluation have seen CV based rates increase 10. Some due to self-generated CV changes i.e. sold part of land/block, built, improvements 11. Increases are spread throughout the district A Page 17

18 Thematic Map Option 2 OPTION 2 - Includes Community Services at 100% UAGC A Page 18

19 Thematic Map Option 2 highlighting increases over 10% OPTION 2 - Includes Community Services at 100% UAGC A Page 19

Draft Revenue and Financing Policy Statement of Proposal Consultation 1 April 1 May 2015

Draft Revenue and Financing Policy Statement of Proposal Consultation 1 April 1 May 2015 Draft Revenue and Financing Policy Statement of Proposal Consultation 1 April 1 May 2015 Version: 11 March 2015 1 Background We are required under the Local Government Act 2002 ( LGA 2002 ) to adopt a

More information

Defence Land has the same meaning as in Section 22 of the Local Government Rating Act 2002 (LGRA).

Defence Land has the same meaning as in Section 22 of the Local Government Rating Act 2002 (LGRA). Council Policy Policy Title: Revenue and Financing Policy Responsibility: Group Manager Corporate Services First Adopted: 2006 Review Date: June 2015 Review Frequency: Three Yearly, in conjunction with

More information

Revenue and Financing Policy

Revenue and Financing Policy Revenue and Financing Policy Purpose To present Bay of Plenty Regional Council s (Council) policies for financing its planned groups of activities including proposed funding sources. Under Sections 102

More information

Draft Revenue and Financing Policy

Draft Revenue and Financing Policy Draft Revenue and Financing Policy Introduction The Local Government Act 2002 (LGA) requires every local authority to adopt a Revenue and Financing Policy and incorporate it into the LTP. The Revenue and

More information

STATEMENT OF PROPOSAL - REVENUE AND FINANCING POLICY

STATEMENT OF PROPOSAL - REVENUE AND FINANCING POLICY STATEMENT OF PROPOSAL - REVENUE AND FINANCING POLICY Summary The Revenue and Financing Policy states Council s policies on funding operating expenses and capital expenditure. The possible sources for funding

More information

Draft Revenue and Financing Policy

Draft Revenue and Financing Policy Draft Revenue and Financing Policy Draft Revenue and Financing Policy The purpose of the Council s Revenue and Financing Policy is to provide predictability and certainty about and levels of for all its

More information

REVENUE AND FINANCING POLICY

REVENUE AND FINANCING POLICY REVENUE AND FINANCING POLICY The Revenue and Financing Policy must be prepared under Section 102 of the Local Government Act 2002. It must be included as part of a Long-Term Council Community Plan and

More information

9.1 Draft Revenue and financing policy

9.1 Draft Revenue and financing policy 1. Policy purpose and overview The purpose of the Revenue and financing policy is to provide predictability and certainty about sources and levels of funding available to the council. It explains the rationale

More information

Revenue and Financing Policy

Revenue and Financing Policy Revenue and Financing Policy The purpose of the Council s Revenue and Financing Policy is to provide predictability and certainty about sources and levels of funding for all its activities. The Policy

More information

Appendix 1: Amendment to Revenue & Financing Policy in the Long Term Plan 2012/22 in respect of Transportation

Appendix 1: Amendment to Revenue & Financing Policy in the Long Term Plan 2012/22 in respect of Transportation Appendix 1: Amendment to Revenue & Financing Policy in the Long Term Plan 2012/22 in respect of Transportation Introduction The Council has amended its Revenue and Financing Policy to allow it to introduce

More information

REVENUE AND FINANCING POLICY

REVENUE AND FINANCING POLICY REVENUE AND FINANCING POLICY 1. Introduction The Revenue and Financing Policy (Policy) contains Council's policies with respect to the funding of operating expenditure and capital expenditure from various

More information

REVENUE AND FINANCING POLICY

REVENUE AND FINANCING POLICY REVENUE FINANCING POLICY BACKGROUND The Revenue and Financing Policy describes who pay s for the Council s activities and how these will be funded. The Local Government Act 2002 (the Act) sets out the

More information

REVENUE AND FINANCING POLICY

REVENUE AND FINANCING POLICY OVERVIEW The Revenue and Financing Policy is a document which sets out how Council plans to fund all of its operating and capital expenditure, including at an activity level, over the life of the Long

More information

Revenue and financing policy March 2015

Revenue and financing policy March 2015 Revenue and financing policy March 2015 Introduction This policy has been prepared in accordance with the Local Government Act 2002. It identifies the funding sources and mechanisms that are to be used

More information

Revenue and Financing Policy

Revenue and Financing Policy Revenue and Financing Policy The Revenue and Financing Policy explains how the Council funds each activity it is involved in and why. Council provides a number of distinct activities and services to its

More information

Revenue and Financing Policy 401

Revenue and Financing Policy 401 Revenue and Financing Policy 401 Contents 1. Purpose 2 2. Funding Principles 2 3. Operating Costs 3 4. Operating Costs Funding Sources 3 5. Capital Cost Funding Sources 6 6. Additional Information 7 Waimate

More information

REVENUE AND FINANCING POLICY

REVENUE AND FINANCING POLICY First adopted: 2004 Revision dates/version: Version 5 Next review date: November 2017 Engagement required: The Council will develop a proposal, make this available to the public, allow written submissions

More information

Revenue and Financing Policy

Revenue and Financing Policy Introduction The Revenue and Financing Policy (RFP) outlines the Council s policies on funding sources to be used to fund the operational and capital expenditure of Council s activities and the rationale

More information

LONG TERM PLAN. Revenue and Financing Policy

LONG TERM PLAN. Revenue and Financing Policy LONG TERM PLAN Revenue Financing Policy 1 2 What is the Revenue Financing Policy? The Revenue Financing Policy sets out how the Council funds each of its activities explains the reasons for each. The policy

More information

Revenue and Financing Policy

Revenue and Financing Policy Revenue and Financing Policy Background Section 102(4)(a) of the Local Government Act 2002 states that a local authority must adopt a revenue and financing policy. The revenue and financing policy must

More information

2.0 LEGAL REQUIREMENTS...

2.0 LEGAL REQUIREMENTS... REVENUE AND FINANCING POLICY 2015 Table of Contents 1.0 INTRODUCTION... 3 1.1 Background... 3 1.2 Policy Intent... 3 2.0 LEGAL REQUIREMENTS... 3 2.1 Local Government Act 2002... 3 2.2 Section 103 :...

More information

Revenue and Financing Policy

Revenue and Financing Policy Revenue and Financing Policy 1. Introduction and Purpose The policy details Council s approach to funding its operating and capital expenditure. It determines who pays for Council activities and on what

More information

SECTION 7: FUNDING & FINANCIAL POLICIES

SECTION 7: FUNDING & FINANCIAL POLICIES SECTION 7: FUNDING & FINANCIAL POLICIES REVENUE & FINANCING POLICY Introduction This policy outlines the choices we have made to determine the appropriate funding of operational and capital expenditure

More information

June 2004. Revenue and Financing Policy

June 2004. Revenue and Financing Policy June 2004 Revenue and Financing Policy CONTENTS Page 1 INTRODUCTION... 3 2 LEGAL REQUIREMENTS...5 2.1 Financial Management... 5 2.2 Funding and Financial Policies... 5 2.3 Revenue and Financing Policy

More information

Revenue and Financing Policy

Revenue and Financing Policy Revenue and Financing Policy Introduction The Revenue and Financing Policy sets out the ways in which the Council intends to pay for each activity it is involved in, and why. The Council is required to

More information

DRAFT Revenue and Financing Policy 2015-2025

DRAFT Revenue and Financing Policy 2015-2025 DRAFT Revenue and Financing Policy 2015-2025 Table contents 1 Background 3 2 Guiding principles 4 2.1 Affordability 4 2.2 Paying for benefits received 4 2.3 Paying for costs imposed 4 2.4 Transparency

More information

p20. Christchurch Long Term Council Community Plan 2009 2019 Financial policies

p20. Christchurch Long Term Council Community Plan 2009 2019 Financial policies p20. p21. Our Long Term Christchurch Ōtautahi The following pages contain details of the Council s propsed financial policies, including details of its proposed fees and charges. They are potentially of

More information

DRAFT REVENUE & FINANCING POLICY

DRAFT REVENUE & FINANCING POLICY DRAFT REVENUE & FINANCING POLICY RELATED CONSULTATION: YOUR COMMUNITY YOUR COUNCIL YOUR FUTURE 2015/25 Revenue and Financing Policy Purpose The Revenue and Financing Policy outlines the funding mechanisms

More information

Whangarei District Council Policy

Whangarei District Council Policy Whangarei District Council Policy Revenue and Financing Policy Policy 0060 Table of contents Background... 4 Review process... 4 Funding of operating expenses... 6 Funding source for activities... 7 Definitions...

More information

Revenue and Financing Policy

Revenue and Financing Policy Revenue and Financing Policy Adopted Council 29 June 2012 See following page for policy. Revenue and Financing Policy Section 102(4) (a) of the Government Act 2002 requires each Council to adopt a Revenue

More information

Revenue and Financing Policy. Revenue and Financing Policy

Revenue and Financing Policy. Revenue and Financing Policy Revenue and Financing Policy 1. The Revenue and Financing Policy provides a summary of Council s funding policies in respect of both operating expenses and capital expenditures. Council reviews its funding

More information

annual plan 2014 / 2015 key projects Key Projects

annual plan 2014 / 2015 key projects Key Projects 19 annual plan 2014 / 2015 Key Projects key projects The Long Term Plan detailed nine Key Projects to assist in achieving Council s vision of Creating an exciting, innovative, safe, caring and friendly

More information

15. REVENUE AND FINANCING POLICY Tikanga Pūtea Whakawhiwhi me te Pūtea Tuku

15. REVENUE AND FINANCING POLICY Tikanga Pūtea Whakawhiwhi me te Pūtea Tuku 15. REVENUE AND FINANCING POLICY Tikanga Pūtea Whakawhiwhi me te Pūtea Tuku Responsibility Deputy Chief Executive First adopted 10 July 2003 (265/03) Historic revision dates 31 January 2006 (026/06 028/06),

More information

Revenue and Financing Policy

Revenue and Financing Policy Revenue and Financing Policy 1. Introduction Section 102(1) of the Local Government Act 2002 requires the adoption of policies that outline how operating and capital expenditure for each activity will

More information

OUR WORK IN DETAIL. Ngā mahinga whānui

OUR WORK IN DETAIL. Ngā mahinga whānui Ngā mahinga whānui Whakatāne District Council ANNUAL PLAN 2013/14 21 This chapter provides an overview of the activities we will undertake during the 2013/14 year. We currently have 48 internal and external

More information

The Revenue and Financing Policy states Council s policies on the funding of its operating and capital expenditure and the sources of those funds.

The Revenue and Financing Policy states Council s policies on the funding of its operating and capital expenditure and the sources of those funds. REVENUE AND FINANCING POLICY Introduction The Revenue and Financing Policy states Council s policies on the funding of its operating and capital expenditure and the sources of those funds. The Local Government

More information

Revenue and Financing Policy

Revenue and Financing Policy Revenue and Financing Policy Objective Provide the funding mechanisms to ensure the equitable distribution of costs to those who benefit, and provide for the financial sustainability of the activities

More information

Long-Term Asset Management Plan 2011-2021

Long-Term Asset Management Plan 2011-2021 Long-Term Asset Management Plan 2011-2021 Contents Introduction...3 A shared vision...4 Strategic planning to achieve our goals...4 Towards 2031...5 A long-term vision, communicated by our community...5

More information

Significant Forecasting Assumptions:

Significant Forecasting Assumptions: Significant Forecasting s: The tables below identify the significant forecasting assumptions that Council has made and the risks and the level of uncertainty associated with each assumption as well as

More information

16.3 DRAFT DIFFERENTIAL RATES MODEL 2014/15 FINANCIAL YEAR

16.3 DRAFT DIFFERENTIAL RATES MODEL 2014/15 FINANCIAL YEAR 16.3 DRAFT DIFFERENTIAL RATES MODEL 2014/15 FINANCIAL YEAR File No: Responsible Executive Officer: Reporting Author: RV.10 Director Corporate Services Manager Financial Services / CFO Date of Report: 14

More information

Revenue and Financing Policy

Revenue and Financing Policy Current Revenue Policy Revenue and Financing Policy Group Activity Environmental Activity - Air Ambient Air Quality Monitor and report on strategy development and implementation. benefits from clean air.

More information

Significant Forecasting Assumptions

Significant Forecasting Assumptions Significant Forecasting Assumptions Budget and Forecasting Assumptions and Risk Assessment Schedule 10 of the Local Government Act 2002 requires that the Council identifies the significant forecasting

More information

Revenue and Financing Policy

Revenue and Financing Policy Attachment 8 Revenue and Financing Policy Council approved the updated Revenue and Financing Policy for inclusion in the Long Term Plan 2015-25 on 18 December 2014. Further modelling was conducted at Council

More information

Long Term Financial Plan 2014 2023 Adopted December 2013

Long Term Financial Plan 2014 2023 Adopted December 2013 Long Term Financial Plan 2014 2023 Adopted December 2013 District Council of Mallala CONTENTS 1 Introduction 1 2 Planning Framework 2 3 Assumptions 7 4 Summary & Financial Statements 10 Estimated Comprehensive

More information

22.01 SETTLEMENT 24/04/2014 C73

22.01 SETTLEMENT 24/04/2014 C73 22.01 SETTLEMENT 24/04/2014 C73 22.01-1 Urban Growth and Development 24/04/2014 C73 This policy applies to the urban areas and fringes of Portland, Heywood, Casterton, Dartmoor, Nelson, Cape Bridgewater,

More information

Napier City Council REVENUE AND FINANCING POLICY

Napier City Council REVENUE AND FINANCING POLICY Napier City Council REVENUE AND FINANCING POLICY CONTENTS FUNDING OF OPERATING EXPENSES 1 FUNDING OF CAPITAL EXPENSES 3 OPERATING EXPENDITURE - SIGNIFICANT SOURCES OF ACTIVITY FUNDING 3 CAPITAL EXPENDITURE

More information

REVENUE AND FINANCING POLICY

REVENUE AND FINANCING POLICY REVENUE AND FINANCING POLICY In this document we use the words public or private to reflect who benefits from the services Council provides. When the word public is used it means the community at large

More information

what has council been doing for you? ANNUAL REPORT SUMMARY 2009/2010

what has council been doing for you? ANNUAL REPORT SUMMARY 2009/2010 what has council been doing for you? ANNUAL REPORT SUMMARY 2009/2010 ANNUAL REPORT SUMMARY 2009/2010 E nga iwi e nga mana e nga karangaranga maha huri noa te Rawhiti, tena koutou, a tena tatau katoa. from

More information

AMENDMENT TO LONG TERM COUNCIL COMMUNITY PLAN

AMENDMENT TO LONG TERM COUNCIL COMMUNITY PLAN 2011 AMENDMENT TO LONG TERM COUNCIL COMMUNITY PLAN This document contains the 2011 amendment to the Revenue and Financing Policy of the 2009 Long Term Council Community Plan. This amendment was adopted

More information

Corporate Support and Investment RANGITIKEI

Corporate Support and Investment RANGITIKEI Corporate Support and Investment RANGITIKEI Introducing the Corporate Support & Investment Group of Activities What is included in this group? This group of activities comprises the work that keeps us

More information

Dar es Salaam Masterplan 2012 2032 Ministry of Lands, Housing and Human Settlements Development

Dar es Salaam Masterplan 2012 2032 Ministry of Lands, Housing and Human Settlements Development Dar es Salaam Masterplan 2012 2032 Ministry of Lands, Housing and Human Settlements Development Roma_22 April 2013 Dodi Moss Happold Group AfriArch QConsult CONTENTS PART I : MAIN REPORT Introduction FIRST

More information

HAWKE S BAY REGIONAL COUNCIL Job Description

HAWKE S BAY REGIONAL COUNCIL Job Description Position Title: Responsible to: Responsible for: Salary Range: Job Context: Asset Engineer HAWKE S BAY REGIONAL COUNCIL Job Description Manager Engineering N/A Progress above the Estimated Market Value

More information

Preparing a Green Wedge Management Plan

Preparing a Green Wedge Management Plan Preparing a Green Wedge Management Plan Planning Practice Note 31 JUNE 2015 This practice note provides a guide for the preparation of Green Wedge Management Plans and sets out the general requirements

More information

Activity Summary: Flood Protection and Control Works

Activity Summary: Flood Protection and Control Works Activity Summary: Flood Protection and Control Works Activity name Activity description Flood Protection and Control Works The Annual Plan 2014/2015 states that Flood Protection and Control Works covers

More information

REVENUE AND FINANCING POLICY: Our 10-year plan. Wellington City Council s Draft Long-term Plan 2015 25

REVENUE AND FINANCING POLICY: Our 10-year plan. Wellington City Council s Draft Long-term Plan 2015 25 REVENUE AND FINANCING POLICY: Our 10-year plan Wellington City Council s Draft Long-term Plan 2015 25 2 Draft Revenue and Financing Policy Table of Contents Page 1. Policy statement on the funding of operating

More information

Summary: Introduction

Summary: Introduction Summary: Melbourne Water has a range of responsibilities in the Port Phillip and Westernport region, including responsibilities for the protection and restoration of waterways and, in collaboration with

More information

ALTERNATIVE SOURCES OF FUNDING FOR

ALTERNATIVE SOURCES OF FUNDING FOR November 2015 ALTERNATIVE SOURCES OF FUNDING FOR Flood-Related General Water Management Water Supply Projects The following inventory contains information about a variety of funding programs offered by

More information

Business Plan For a proposed Major Land Transaction

Business Plan For a proposed Major Land Transaction Page 1 of 7 Business Plan For a proposed Major Land Transaction Portion of Lot 9000,(99) Johnston St, Boulder Page 2 of 7 1. Introduction The Local Government Act 1995 (the Act), and accompanying legislation

More information

Attachment 4: Statement of proposal on the draft Revenue and Financing Policy and the draft Rates Remission and Postponement Policies

Attachment 4: Statement of proposal on the draft Revenue and Financing Policy and the draft Rates Remission and Postponement Policies Attachment 4 to Report 15.18 Page 15 of 20 Attachment 4: Statement of proposal on the draft Revenue and Financing Policy and the draft Rates Remission and Postponement Policies Statement of Proposal Draft

More information

Executive summary. The Council was successful in meeting its funding policies under the Revenue and Financing Policy.

Executive summary. The Council was successful in meeting its funding policies under the Revenue and Financing Policy. Executive summary This report reviews the Taranaki Regional Council's performance and achievement in relation to its Revenue and Financing Policy, Investment Policy and Liability Management Policy for

More information

SHIRE OF GINGIN. Objects and Reasons. for. Differential Rates

SHIRE OF GINGIN. Objects and Reasons. for. Differential Rates SHIRE OF GINGIN Objects and Reasons for Differential Rates 2011/2012 1. Introduction For the purposes of determining rates each year, property valuations have been the standard basis for the calculation

More information

Glenorchy City Council Asset Management Strategy for Infrastructure Assets

Glenorchy City Council Asset Management Strategy for Infrastructure Assets Glenorchy City Council Asset Strategy for Infrastructure Assets 2014/15 to 2017/18 Version 1.3 June 2014 Glenorchy City Council Asset Strategy for Infrastructure Assets Document Control Document Control

More information

Long Term Financial Plan

Long Term Financial Plan Gladstone Regional Council Long Term Financial Plan Revision No. 6 02/2016 1 Our Charter We are Gladstone Regional Council. Our Vision Our vision is to be the best local government in Queensland. Our Purpose

More information

A NEW REGIONAL PEST MANAGEMENT PLAN FOR GISBORNE

A NEW REGIONAL PEST MANAGEMENT PLAN FOR GISBORNE A NEW REGIONAL PEST MANAGEMENT PLAN FOR GISBORNE OCTOBER 2015 WHY DO WE NEED A PEST MANAGEMENT PLAN? Weeds and animal pests cause significant impacts to Gisborne s: economy; environment; and human health.

More information

CODE: E.003 Financial Services BUDGET AND BUSINESS PLANNING POLICY. 1.2 The essential activities covered by this policy include:

CODE: E.003 Financial Services BUDGET AND BUSINESS PLANNING POLICY. 1.2 The essential activities covered by this policy include: BUDGET AND BUSINESS PLANNING POLICY CONTENTS 1.1 Budget and business planning is undertaken to support strategic planning and decision-making and to serve accountability by enabling administration to plan

More information

Warringah Council Policy Policy No. Number Financial Planning & Sustainability Policy

Warringah Council Policy Policy No. Number Financial Planning & Sustainability Policy Warringah Council Policy Policy No. Number 1 Purpose of Policy The purpose of this policy is to establish the strategic financial planning and sustainability framework to guide Council when developing

More information

LONG TERM FINANCIAL PLAN 2011/2012 2020/2021

LONG TERM FINANCIAL PLAN 2011/2012 2020/2021 LONG TERM FINANCIAL PLAN 2011/2012 2020/2021 INDEX TO CONTENTS 1. Long Term Financial Planning Defined 1.1 Purpose 1.2 Principles 1.3 CEO Statement on Financial Sustainability 2. Impacts upon the Current

More information

Chairperson and Committee Members CORPORATE BUSINESS COMMITTEE 20 FEBRUARY 2014

Chairperson and Committee Members CORPORATE BUSINESS COMMITTEE 20 FEBRUARY 2014 Chairperson and Committee Members CORPORATE BUSINESS COMMITTEE 20 FEBRUARY 2014 Meeting Status: Public Purpose of Report: For Decision ACTIVITY REPORTS: 1 JULY 2013 31 DECEMBER 2013 PURPOSE OF REPORT 1

More information

Arizona 1. Dependent Public School Systems (14) Arizona ranks 39th among the states in number of local governments, with 639 as of June 2002.

Arizona 1. Dependent Public School Systems (14) Arizona ranks 39th among the states in number of local governments, with 639 as of June 2002. Arizona Arizona ranks 39th among the states in number of local governments, with 639 as of June 2002. COUNTY GOVERNMENTS (15) There are no areas in Arizona lacking county government. The county governing

More information

2015 2016 - Council Tax Facts and Figures on Finance

2015 2016 - Council Tax Facts and Figures on Finance 2015 2016 - Council Tax Facts and Figures on Finance 1 Contents R Foreword 3 Facts and figures on finance 1 Your Council Tax helps pay for the following 4 2 Our spending plans 5 3 How your Council services

More information

10-Year Plan 2015-25. (Cover to be provided by Comms Team) Waipa District Council

10-Year Plan 2015-25. (Cover to be provided by Comms Team) Waipa District Council 10-Year Plan 2015-25 (Cover to be provided by Comms Team) Waipa District Council Whakatauki Hutia te rito o te harakeke Kei whea te tauranga o te kōmako e ko? Ki mai koe, ki ahau He aha te mea nui o tēnei

More information

11.4 Voluntary Purchase. 11.5 House Raising and Flood Proofing

11.4 Voluntary Purchase. 11.5 House Raising and Flood Proofing 11.4 Voluntary Purchase As mentioned in Section 10 in certain high hazard areas of the floodplain, it may be impractical or uneconomic to mitigate flood hazard to existing properties at risk, or flood

More information

Submission on Hamilton City Council s 10-Year Plan 2015-2025

Submission on Hamilton City Council s 10-Year Plan 2015-2025 Submission on Hamilton City Council s 10-Year Plan 2015-2025 To: Hamilton City Council (HCC) From: Property Council New Zealand (Property Council) Background 1. Property Council is a member-led, not-for-profit

More information

A guide to the AER s review of gas network prices in Victoria

A guide to the AER s review of gas network prices in Victoria A guide to the AER s review of gas network prices in Victoria March 2013 Commonwealth of Australia 2013 This work is copyright. Apart from any use permitted by the Copyright Act 1968, no part may be reproduced

More information

Long Term Financial Plan 2014/15 2023/24

Long Term Financial Plan 2014/15 2023/24 Long Term Financial Plan 2014/15 2023/24 May 2014 1 Index Executive Summary... 3 Background... 5 What is Financial Sustainability?... 6 Key Financial Issues and Challenges... 8 Responding to the Challenges...

More information

Five Year Financial Plan. 2014-2015 to 2018-2019

Five Year Financial Plan. 2014-2015 to 2018-2019 Five Year Financial Plan 2014-2015 to 2018-2019 June 2014 Moreland City Council Five Year Financial Plan 2014-15 to 2018-19 C O N T E N T S 1. Executive Summary 1 2. Plan Preparation 3 3. Appraisal of

More information

Submission. Proposed National Policy Statement on Electricity Transmission

Submission. Proposed National Policy Statement on Electricity Transmission Submission By to the Board of Inquiry on the Proposed National Policy Statement on Electricity Transmission June 2007 PO Box 1925 Wellington Ph: 04 496 6555 Fax: 04 496 6550 Proposed National Policy Statement

More information

New Auditors Training. Brian E. Bailey Jenny Banks Courtney Schaafsma December 5, 2012

New Auditors Training. Brian E. Bailey Jenny Banks Courtney Schaafsma December 5, 2012 New Auditors Training Brian E. Bailey Jenny Banks Courtney Schaafsma December 5, 2012 1 Roadmap Agency Overview Budget Procedures Gateway Special Topics Property Tax Caps Local Option Income Taxes (LOIT)

More information

Information Paper 16. Long-term Financial Plan (A Model Format for Financial Information)

Information Paper 16. Long-term Financial Plan (A Model Format for Financial Information) Information Paper 16 Long-term Financial (A Model Format for Financial Information) February 2008 LGA Long-term Financial (A Model Format for Financial Information) Information Paper Introduction The LGA

More information

Service Charge Loans 1 Policy

Service Charge Loans 1 Policy Service Charge Loans 1 Policy 1. Introduction 1.1 This policy establishes Medway Council Housing Services (the council s) criteria and approach to administering the Mandatory and Discretionary Service

More information

Implementing a Coastal Settlement Boundary

Implementing a Coastal Settlement Boundary Implementing a Coastal Settlement Boundary Planning Practice Note 36 AUGUST 2015 The purpose of this practice note is to provide guidance about implementing a coastal settlement in a planning scheme for

More information

EXPLANATORY NOTES. 1. Summary of accounting policies

EXPLANATORY NOTES. 1. Summary of accounting policies 1. Summary of accounting policies Reporting Entity Taranaki Regional Council is a regional local authority governed by the Local Government Act 2002. The Taranaki Regional Council group (TRC) consists

More information

GUIDELINES ON DEFINITIONS USED IN RELIEF FOR INVESTMENT IN CORPORATE TRADES - EMPLOYMENT AND INVESTMENT INCENTIVE AND SEED CAPITAL SCHEMES

GUIDELINES ON DEFINITIONS USED IN RELIEF FOR INVESTMENT IN CORPORATE TRADES - EMPLOYMENT AND INVESTMENT INCENTIVE AND SEED CAPITAL SCHEMES IT 15 A GUIDELINES ON DEFINITIONS USED IN RELIEF FOR INVESTMENT IN CORPORATE TRADES - EMPLOYMENT AND INVESTMENT INCENTIVE AND SEED CAPITAL SCHEMES The legislation governing both of these schemes is contained

More information

STATEMENT OF ACCOUNTING POLICIES

STATEMENT OF ACCOUNTING POLICIES STATEMENT OF ACCOUNTING POLICIES Reporting entity The prospective financial statements of the Waitaki District Council are for the years ended 30 June 2016 and for the subsequent ten years, ending 30 June

More information

Draft Statement of Accounting Policies

Draft Statement of Accounting Policies Bay of Plenty Regional Council Draft Statement of Accounting Policies Supporting Document for the Consultation Document for the proposed Long Term Plan 2015-2025 20 February 2015 Statement of accounting

More information

administrative subdivisions of the counties and are not counted as separate governments in census statistics on governments. IOWA

administrative subdivisions of the counties and are not counted as separate governments in census statistics on governments. IOWA IOWA Iowa ranks 17th among the states in number of local governments with 1,954 as of October 2007. COUNTY GOVERNMENTS (99) There are no areas in Iowa lacking county government. The county governing body

More information

2015-2025. LONG TERM FINANCIAL PLAN Page 1

2015-2025. LONG TERM FINANCIAL PLAN Page 1 2015-2025 LONG TERM FINANCIAL PLAN Page 1 1. Executive Summary... 4 2. Background... 5 2.1 Key Statistics... 5 2.2 City of Perth Strategic Priorities... 5 3. Integrated Planning and Reporting Framework...

More information

2010 Salida Community Priorities Survey Summary Results

2010 Salida Community Priorities Survey Summary Results SURVEY BACKGROUND The 2010 Salida Community Priorities Survey was distributed in September in an effort to obtain feedback about the level of support for various priorities identified in the draft Comprehensive

More information

THE CHURCH OF ENGLAND PENSIONS BOARD

THE CHURCH OF ENGLAND PENSIONS BOARD THE CHURCH OF ENGLAND PENSIONS BOARD Retirement Housing SHARED OWNERSHIP BOOKLET Information Booklet for Scheme Applicants Housing Department The Church of England Pensions Board, 29 Great Smith Street,

More information

HORNSBY SHIRE COUNCIL LONG TERM FINANCIAL PLAN 2014/15-2023/24 HORNSBY SHIRE COUNCIL LONG TERM FINANCIAL PLAN 2014/15-2023/24 SECTION INTRODUCTION

HORNSBY SHIRE COUNCIL LONG TERM FINANCIAL PLAN 2014/15-2023/24 HORNSBY SHIRE COUNCIL LONG TERM FINANCIAL PLAN 2014/15-2023/24 SECTION INTRODUCTION HORNSBY SHIRE COUNCIL LONG TERM FINANCIAL PLAN 2014/15-2023/24 HORNSBY SHIRE COUNCIL LONG TERM FINANCIAL PLAN 2014/15-2023/24 SECTION INTRODUCTION P1 P2 CONTENTS Executive Summary Financial Results Future

More information

STATEMENT OF COMPLIANCE AND BASIS OF MEASUREMENT

STATEMENT OF COMPLIANCE AND BASIS OF MEASUREMENT Accounting policies REPORTING ENTITY The Waikato Regional Council is a territorial local authority governed by the Local Government Act 2002, and is domiciled in New Zealand. The main purpose of prospective

More information

Alternative infrastructure funding and financing

Alternative infrastructure funding and financing Alternative infrastructure funding and financing Research Paper (commissioned by the Queensland Government) 21 March 2016 Department Of Infrastructure, Local Government and Planning This page intentionally

More information

2008 annual results. Presentation on 18 February 2009

2008 annual results. Presentation on 18 February 2009 2008 annual results Presentation on 18 February 2009 1 2008: Continued growth Sustained business activity Lettings up by 9% in a market down 14%, including the pre-letting of two buildings under construction

More information

Revised discussion draft on Action 6 (Preventing Treaty Abuse)

Revised discussion draft on Action 6 (Preventing Treaty Abuse) Marlies de Ruiter Head Tax Treaties, Transfer Pricing and Financial Transactions Division OECD / CTPA By Email taxtreaties@oecd.org Our Ref 12 June 2015 GT / OL Dear Ms de Ruiter Revised discussion draft

More information

Contents. 1.0 Introduction 3. 2.0 Project definition 5. 3.0 Project brief 10. 4.0 Accommodation guidelines 15. 1.1 Objective 4

Contents. 1.0 Introduction 3. 2.0 Project definition 5. 3.0 Project brief 10. 4.0 Accommodation guidelines 15. 1.1 Objective 4 Contents 1.0 Introduction 3 1.1 Objective 4 1.2 Competencies and resources required 4 1.3 Scope 4 1.4 Related documents 5 2.0 Project definition 5 2.1 Pre-design studies 7 3.0 Project brief 10 4.0 Accommodation

More information

Private Health Insurance Ombudsman

Private Health Insurance Ombudsman Private Health Insurance Ombudsman Health and Ageing Portfolio Agency Section 1: Overview...448 Section 2: Resources for 2006-07...449 2.1: Appropriations and Other Resources...449 2.2: 2006-07 Budget

More information

Explanatory Notes 2014/2015

Explanatory Notes 2014/2015 Business Rates Explanatory Notes 2014/2015 Non-Domestic Rates Non-Domestic Rates, or business rates, collected by local authorities are the way that those who occupy non-domestic property contribute towards

More information

OKLAHOMA. Oklahoma ranks 18th among the states in number of local governments, with 1,880 active in October 2007.

OKLAHOMA. Oklahoma ranks 18th among the states in number of local governments, with 1,880 active in October 2007. OKLAHOMA Oklahoma ranks 18th among the states in number of local governments, with 1,880 active in October 2007. COUNTY GOVERNMENTS (77) There are no areas in Oklahoma lacking county government. The county

More information

CHAPTER 24: ENVIRONMENTAL MANAGEMENT

CHAPTER 24: ENVIRONMENTAL MANAGEMENT Central Eyre Iron Project Environmental Impact Statement CHAPTER 24: ENVIRONMENTAL MANAGEMENT CHAPTER 24 ENVIRONMENTAL MANAGEMENT COPYRIGHT Copyright Iron Road Limited, 2015 All rights reserved This document

More information

ITEM 2. 2015/16 QUARTER 1 REVIEW - DELIVERY PROGRAM 2014-2017

ITEM 2. 2015/16 QUARTER 1 REVIEW - DELIVERY PROGRAM 2014-2017 ITEM 2. 2015/16 QUARTER 1 REVIEW - DELIVERY PROGRAM 2014-2017 FILE NO: S096187 SUMMARY This report reviews the operating and capital results against budget for the 2015/16 financial year and progress against

More information