Council adopts 2016-17 Annual Report

Friday 27 October, 2017

Ashburton District Council spent $19.3 million on capital projects in the district last financial year, and this was offset by a $10.1 million operational surplus which is used to fund capital expenditure and repay debt: This was presented in the 2016/17 Annual Report that was adopted at the Council meeting yesterday.

The report demonstrates how Council fared during the 2016/2017 year, and covers both financial and non-financial performance. Notably, Council achieved all 10 of the government’s mandatory financial affordability performance benchmarks, which include rates (increase) affordability, debt affordability, balanced budget and essential services. 

Council Chief Executive Andrew Dalziel says Council has worked very hard this year to balance levels of service with affordability and prudent financial management.

“Council is very committed to providing quality core infrastructure and services that further support the district as an attractive place to live and do business. We are proud of what has been achieved, in particular, lowering the projected rate increase from 11 per cent down to 6.5 per cent for the 2017/18 Annual Plan.

“As an organisation, our successes come from the hard work and skill of many people, including elected members, staff and volunteers, and it is wonderful to see what has been achieved through those efforts.”

The report shows Council’s operational surplus for the year was $2.7 million over budget, due to forestry, land and investment property sales all bringing in significantly more income than was budgeted.

An extra $650,000 was budgeted for capital expenditure for roads, which was over and above the Council’s usual rehabilitation and maintenance work. Council also applied over 60,000m³ of road metal to 340km of unsealed roads during the year, while 190km of sealed roads were resurfaced.

Council reviewed 15 of its activities for cost effectiveness and efficiency during the year, and continued planning for the future of the district through adopting Plan Change 1 of the District Plan, which became operative from 30 April 2017.

Council received an unmodified opinion of the Annual Report from Audit New Zealand.

Click here to view the 2016/17 Annual Report.

Page reviewed: 10 Nov 2017 2:33pm