Long-term Plan Rates issues
|
|
- Antony Hart
- 6 years ago
- Views:
Transcription
1 Long-term Plan Rates issues
2 Agenda for today s workshop 1. Introduction 2. Revaluation and transition (Valuer-General on 21 November) 3. Infrastructure funding Transport funding Water quality targeted rate Environment targeted rate Development contributions Infrastructure/growth targeted rates 4. Other rating policy issues Waste management targeted rate for food waste collection - Papakura Application of APTR to online sector Governance framework review local targeted rate pilot Local targeted rates local board project funding Other rates issues
3 Process reminder 7 September 26 September 18 October Today 2 November 6 November 30 November Mayor s intent Infrastructure funding Infrastructure investment Other budget items Revaluations & rating policy Local board projects & funding Trade offs & prioritisation process Mayor s proposal Links to other workstreams Funding scenarios Funding levers Regional community & culture programmes Environmental programmes Local Board One Initiatives 11 December 7 February 28 Feb 28 Mar May May 31 May 27 June Agree consultation items Adopt consultation document Submission process Consideration of submissions and budget items Local Board advocacy Decision on final LTP content Adoption of LTP
4 Purpose for today s workshop Understand and discuss choices and trade-offs for rating and infrastructure funding issues Decisions on rating and infrastructure funding will be made in May 2018
5 Context What are we planning for Plan for Auckland Council Long-Term Plan 10 years Plan for Auckland Auckland Plan 30 years Key challenges over next 30 years Reviewed every 3 years it is the 10-year budget of Council. Identifies Council s investments to achieve Auckland Plan outcomes. The immediate issues we will focus on Reviewed every 6 years it is the 30-year growth strategy for Auckland. A plan for Auckland, not just Council. The pathway to achieve the outcomes we want in 30 years High population growth Auckland is growing fast. We need a plan for where and how people live and how they access jobs, facilities and services. Accelerate transport Housing & urban renewal Funding for growth Outcomes we want in 2050 Belonging and participation Māori identity and wellbeing Environment and cultural heritage Sharing prosperity amongst all Auckland s success is dependent on how everyone fairly shares in Auckland s prosperity. Greater environmental pressure The natural environment is one of the most valued part of Auckland s identity. The way we grow must protect, sustain and enhance our environment. Inclusive city Water Quality in our harbours and streams Investment across the region Protect environment and respond to climate change Development Strategy Timing and sequencing of how Auckland will grow and change over time Homes and places Access and connectivity Opportunity and prosperity
6 Financial framework XXX Infrastructure Funding Cash operating surplus Capital revenue Asset disposal Debt Partnerships Debt to revenue <265% Cash surplus Operational Revenue Rates Fees & charges NZTA operating subsidies Dividends Funding tools Capex Funding Cost recovery Capital Costs Renewals Growth Service improvement Consequential opex Operational Costs Direct costs Interest Depreciation (non-cash) Costs of providing services & assets
7 Revaluation and transition
8 Revaluations 2017 The revaluation is a mass appraisal valuation of 540,000 properties undertaken for rates purposes The valuations are based on market sales as at 1 July 2017 The valuations will take into account the Unitary Plan zonings The values must be approved by the Valuer-General before they are able to be used for rating purposes 2017 Revaluation is due for publication in November 2017 Property owners can object to their valuation The values will be used to assess rates from 1 July 2018 Revaluation doesn t impact on the total amount of rates collected by Auckland Council
9 Revaluation Triennial revelation ensures equity Same value properties pay the same rates Properties pay a share of rates based on their valuation Increases in value don t necessarily mean an increase in rates o increases above average o increases below average rates increases above average rates increases below average Relative business and residential farm/lifestyle movements insulated within groups Business 32.4 per cent of rates Residential and farm/lifestyle 67.6 per cent of rates
10 Revaluation Average rates change assuming: o 2.5% general rates increase o LTDS continues o revaluation Category Ave general rates change Business 1.5% +2.5% Gen rates increase +0.5% LTDS -0.5% reval shift to farm/lifestyle Residential 2.5% Farm/lifestyle 9.5% Overall 2.5% Rezoning continue to be rated farm/lifestyle until developed
11 Revaluation Unaudited preliminary data requires VG sign-off Table shows impact of revaluation and general rates increase and LTDS Percentage change in general rates Category -20%< -20% to -10% -10% to 2.5% 2.5% to 10% 10% to 20% >20% Residential 5,000 (1%) 16,200 (3%) 213,500 (45%) 155,600 (33%) 63,700 (13%) 19,300 (4%) 78% ratepayers changes within + or 10% or $235 per year or $5 per week Some large increases reflect house builds on vacant land Some movements resulting from rezoning o reflecting major wealth increases
12 Revaluation and transition Caps on rates decreases cannot pay for caps on rates increases requires legislation change Unique circumstances of amalgamation provided for rates transition Option 1 remit increases over 10 per cent until next revaluation for residential and farm/lifestyle only average additional rates increase for all other res & farm ratepayers by 2.5% increases average rates until finished, cost reduces each year Option 2 remit increases over 20 per cent for 2018/2019 for residential increases rates for all other ratepayers by further 0.6% 273,000 residential ratepayers with increases above average (2.5%)
13 No transition All changes occur in 2018/2019 o similar value property similar rates No cost to other ratepayers Rates postponement available to residential ratepayers Rate rebate available for low income ratepayers From 2019/2020 changes only driven by underlying rates increases (plus LTDS) No ongoing issues with increases in excess of headline rates increase
14 Infrastructure funding
15 Infrastructure funding options XXX Current Capacity $20b 10 year LTP capex programme Increased Funding Prioritisation Indicative Demand $30b Targeted rate and DC options to increase funding Transport: an extension/replacement of the Interim Transport Levy Water quality: a regional rate to deliver improvements Environment: a regional rate for environmental outcomes Housing: Development contributions and targeted rates in specific development areas beneficiary pays Open space: Changes to DC prices to recover increase in investment
16 New targeted rates
17 New targeted rates Additional funding considered for: Transport (replaces ITL) Water Quality Natural Environment 1. Should ratepayers bear additional costs for increased investment? key question for consultation present project benefits relative to costs 2. Should this be funded from general rates or a targeted rate applied across the region? targeted rate provides for more transparent decision making (can only be used to fund the projects it was raised for) 3. How should the rates requirement be shared across the region? Region wide targeted rates preferred to localised as everyone benefits
18 New targeted rates 4. How should the rates requirement be shared between the business and nonbusiness ratepayer groups? Does one group receive more benefit or impose more costs in relevant service areas? Are rates more affordable for some ratepayer groups? 5. How should the rates requirement be shared within the business and nonbusiness ratepayer groups? Fixed charge means higher value properties pay the same as lower value Capital value means lower value properties pay less than higher value Mix of fixed and capital value
19 Transport funding
20 Transport funding Earlier workshops highlighted significant gap in transport funding capacity Interim Transport Levy expires this year raised $60m p.a. Potential replacement by regional fuel tax Extension vs replacement extension specific period awaiting road pricing replacement permanent - could restructure burden sharing
21 Transport funding: issues Funds transport activities across the region Current ITL o $114 residential and $183 business o AP 16/17 feedback - higher business share 43% for and 38% against Businesses place more demand on transport system larger businesses tend to place more cost on transport system Businesses have tax advantages
22 Water Quality Targeted Rate
23 Water Quality Targeted Rate Auckland s water ways are polluted many are unsafe after storm events some beaches and streams are permanently closed Caused by run-off from roads and impermeable surfaces (buildings, driveways, carparks, hard landscaping) overflows from combined stormwater/waste water services ageing/unmaintained onsite waste water systems (septic tanks etc) livestock and fertiliser runoff $400 million over ten years to deliver following projects ($40m p.a.) stormwater upgrades in the Western Isthmus infrastructure for stormwater contaminant removal across the region rehabilitation of urban and rural streams regional septic tank monitoring Alongside this Watercare will be upgrading its waste water network in the Western Isthmus
24 Water Quality Targeted Rate Stormwater/Water quality currently general rate funded Large additional investment in central area brings up to standard already funded elsewhere Other investment spread throughout the region Investment results in increased water quality across the region o everyone benefits Businesses contribute to higher stormwater run off due to higher impervious surface areas Not technically or economically feasible to charge on impervious surface area Businesses have tax advantages
25 Natural Environment Targeted Rate
26 Natural Environment Targeted Rate Auckland s natural environment in decline: native plants, birds, and reptiles nationally threatened shore and sea birds face extinction Kauri dieback risk of extinction exotic plant species crowding out native species weediest city in the world cost economy an estimated $1.2bn a year in reduced animal production Scenario: B: PROTECTED AND ENHANCED PRIORITY AREAS AND SPECIES C: SLOWED DECLINE Total spend $453 million $220 million Additional funding rate requirement $356 million $123 million
27 Natural Environment Targeted Rate Environmental Management currently general rate funded Investment spread throughout the region Enhanced environmental outcomes benefit everyone Scenario B -rural possum control boosts farm animal productivity o estimated 8% ($29m) of rate requirement supports private benefit o consider options for targeted rate to rural beneficiaries (analysis to be completed) Scenario C benefits fully regional Businesses have tax advantages
28 Development Contribution
29 Overview Purpose of development contributions Recover the planned cost of growth Growth pays for growth i.e. developers Alternative is that the costs would fall on current and future rate payers Policy issues
30 Project Process Flow Rates Fund benefits to existing properties (renewals and service level improvements) Policy and planning Define service standards and identify delivery gaps Forecast scale and location of growth Projects / LTP - identify capital projects to maintain service standards and meet needs of growth DCs - price based on the planned growth projects contained in the LTP
31 Activities to be funded by development contributions Class Activity Activity description Reserves Reserves Acquisition Land acquisition for public open space of all types from small local parks to large regional parks Reserves Development Development and improvement of local parks, local sports parks and other local open space areas (in some cases this may include Network infrastructure Stormwater playgrounds and public toilets) Development and improvement of network infrastructure, flood protection and control works including man-made and natural assets Community infrastructure Transport Community Infrastructure Development and improvement for the transport network including, walkways and cycle ways, public car parking facilities, public transport facilities and routes of all forms Development and improvement of local community halls, community centres, playgrounds, and public toilets
32 Areas of Benefit There are three regional breakdowns of activities: o Auckland Wide o Sub-Regional o Local - everyone is included as benefiting - medium sized areas of benefit - small areas of benefit 26 funding areas for Parks and Community Infrastructure (including Auckland Wide) 35 Stormwater funding areas 5 Transport funding areas (including Auckland wide) Development Contributions are assessed by location o ensures developers pay based on the costs in their area
33 How DCs are Calculated Development contributions can only fund the growth proportion of a project or programme of works Each project or programme of works is therefore assessed for: Level of Service (what improvement it provides existing residents) Renewal (what part, if any, is a renewal of existing infrastructure) Growth (what proportion is for new development) The Growth level makes up the contribution charge
34 Project Example $50 million Stormwater Project Assess who benefits from project - 50% growth Development contributions will fund $25 million of the project The $25 million is then split into the funding area(s) of benefit Each funding area is proportioned a number of potential growth units (HUEs) for the LTP e.g. 10,000 HUEs The project will then split the total cost between this projected total to get a per HUE charge $25,000,000 / 10,000 $2,500 per HUE
35 Development contributions changes 1. Investing more: more spend = increased price 2. Concern about parks investment: pricing tools 3. Other issues 1. Investing more Increased investment will mean higher price Average Some greenfields
36 Development Contributions 2. Concern about parks investment: pricing tools Additional parks driven by planning and limited by borrowing choice of pricing tool doesn t impact on parks investment moving to 7.5% of land value without increasing investment means early developers pay more later developers free ride Reserve price calculation just a tool limited to 7.5% of land value current DC equivalent to % of land value need to be able to forecast land values of new developments over 10 years to forecast revenue levels additional cost of valuations for charging 36
37 Development Contributions 3. Other issues o Additional transport funding areas better link to location of payment improved price signalling more equitable o Demand factors retirement villages o Payment timing Next Steps o Consultation on development contributions policy separate from LTP but aligned to budgets Report February 2018 Consultation March 2018
38 Growth infrastructure targeted rates
39 Growth infrastructure targeted rates Possible growth targeted rates Still awaiting information to support decision making Require quality information on cost and distribution of benefits Can consult later but must be implemented as part of LTP Whenuapai and Redhills potential link to Housing Infrastructure Fund and coordination of developers collector road investment
40 Other rating policy issues
41 Other rates policy Amendments and refinements to existing policies Address service expansion Ensure equity Implement new policies Legislative reviews
42 Waste Management and Minimisation Plan
43 Food waste collection Pay as you throw refuse WMMP adopted in standardised Inorganic - annual on property collection Recycling fortnightly bin collection Next steps Food waste collection (urban residential) o Papakura 2018/19, region wide 20/21 Refuse kerbside bins Pay as you throw refuse (to be introduced to ACC, MCC 20/21) Funding consultation Targeted rate for food waste collection - $67 incl. GST Pay as you throw bin tags - $3.80
44 Food waste collection Pay as you throw refuse Service Ratepayer cost impact of food waste collection incl GST 2017/2018 Papakura, North Shore, Waitakere, Franklin, Rodney 2017/2018 Auckland, Manukau Future waste collection Base service (recycling and inorganic) $102 $102 $108 Standard refuse targeted rate n/a $117 1 n/a Food waste n/a n/a $67 Total Rates $102 $219 $175 Refuse pay as you throw Bags 17/18 and bin tags from 18/19 $135 2 n/a $89 3 Total cost $237 $219 $264 Change in rates +$73 - Papakura, North Shore, Waitakere, Franklin, Rodney -$44 - Auckland, Manukau Net change in total cost +$27 - Papakura, North Shore, Waitakere, Franklin, Rodney +$45 - Auckland, Manukau [1] Ratepayers can request a larger bin for an additional rates charge of $55 per annum. [2] This is the current average cost per household which uses the council s bag pick up service [3] Expected cost based on the change in refuse disposal in the food waste pilot area on the North Shore.
45 Food waste collection Pay as you throw refuse Targeted rates preferred to general rates beneficiaries and drivers of cost pay consistent with funding of recycling and inorganic collections General rates reflects wider community benefit of reduced waste to landfill but businesses and farm/lifestyle pay for a service they don t receive User pays Appropriate for refuse to incentivise reduction in waste Inappropriate for food waste as would discourage use of service
46 Accommodation Provider Targeted Rate
47 Applying APTR to online providers Traditional accommodation providers pay business and APTR rates, online providers pay residential rates and no APTR APTR funds 50 per cent of ATEEDs visitor attraction and major events Budget 2018/2019? ($13.45m for 2017/2018) Treating online providers as business doesn t add revenue reduces burden on traditional providers and other businesses Issues impacting on APTR 2018/2019 Online providers added? Remissions policy New hotels opening
48 Applying APTR to online providers Different websites eg: Airbnb, Bookabach Different service offerings - onsite host and entire residences Airbnb 2017 data shows listings increased from 7,075 to 18,010 over 12 months $82m revenue (11% of traditional sector) o $47m or 6% of traditional sector for providers who have been listed for at least 12 months 400,000 nights booked pa (affordability) 1,260,000 nights available pa (intention) 32% average occupancy
49 Applying APTR to online providers Other councils Rotorua: <100 days = residential, > 100 days = business Queenstown: < 28 days = residential, days = mixed use (25-35% increase), >180 days = business Issues Operating as business = APTR (zones A&B only) + business general rates (region wide) Onsite host vs entire residence Owners intention and affordability of rates Hard to identify from available information Governance representation
50 Applying APTR to online providers Officers recommend treat online providers as business for rating purposes entire residences only - onsite hosts excluded differentials based on booked days pa Low (<28 days) 100% residential Med (28 to 90/180 days) mixed use (25%-50% business) High (>90/180 days) 100% business Some tidy up work for existing serviced apartments Next steps targeted consultation with affected parties as part of LTP workshop on identification approaches (early 2018)
51 Local Rates Pilot
52 Optional local rates pilot officers report back to the governing body with further advice on the merits and implications of running an optional pilot for local rates through the Long-term Plan process Running a pilot would require an amendment to the LBFP managed through consultation on LTP Options: A) Local rates solely for LB s in pilot equity issues B) Local rates for all LB s communications issues
53 Optional local rates pilot Rates impact Local board Option A Option B Franklin 17% 4% Manurewa 20% 5% Rodney 19% 5% Waiheke 35% 20% Other LB's -3% -1%
54 Optional local rates pilot Other issues: additional cost for officer support not yet determined mitigation or rates impact phase over 3 years continue to fund some costs from general rates dilutes link to decision making LTP timing doesn t allow engagement with LB s on pilot options LBs should given opportunity to have their views considered Impacts on LDI allocation and LDI transition mechanism Duration of pilot and what happens when it finishes Officers recommend GB rule out a local rates pilot due to equity and communications issues If GB wish to procced, suggest progress as part of AP 2019/2020
55 Other rating matters
56 Local targeted rates 2 possible local board targeted rates Still awaiting information to support decision making Require quality information on cost and distribution of benefits Can consult later but must be implemented as part of LTP Rodney transport support from local board plan process Franklin sports field development
57 Review of remissions Review of remission and postponement policy transfer to grants with 3 year guarantee (or till sale) primary impacts community and sports clubs natural heritage average administered by GB or LBs if they wish Reporting (LBs first, Dec, then GB Feb) New remission for APTR 57
Proposal to amend Auckland Council s Rates Remission and Postponement Policy
Proposal to amend Auckland Council s Rates Remission and Postponement Policy The Auckland Council is required to review and seek feedback on its Rates remission and postponement policy this year. This
More informationTHE 10-YEAR BUDGET AND AUCKLAND PLAN 2050 Interim Update. 12 March y our
THE 10-YEAR BUDGET AND AUCKLAND PLAN 2050 Interim Update 12 March 2018 y our HAVE RECEIVED: 3,024 RECEIVED: Feedback received in person: 1,941 participants across 24 events Social media feedback: 39 comments
More informationRevenue and Financing Policy 2017
Revenue and Financing Policy 2017 Foreword Andrew Duncan Manager Financial Policy, Auckland Council Adopted by the Governing Body on 29 June 2017 Resolution number: GB/2017/65 4 Auckland Council Revenue
More informationy our Te Tahua Pūtea 10-Tau me te Māhere a Tāmaki Makaurau 2050 CONSULTATION DOCUMENT The 10-year Budget and Auckland Plan 2050
CONSULTATION DOCUMENT The 10-year Budget and Auckland Plan 2050 Te Tahua Pūtea 10-Tau me te Māhere a Tāmaki Makaurau 2050 y our HAVE Have your say on Auckland s future by 8pm on the 28 March 2018. akhaveyoursay.nz
More informationPaying for Auckland s growth. Contributions Policy 2019 Consultation Document
Paying for Auckland s growth Contributions Policy 2019 Consultation Document About this document This document provides: an overview of how the council is involved in accommodating, sequencing and supporting
More informationMayoral Intent for the 10-year Budget (Long-term Plan)
Mayoral Intent for the 10-year Budget (Long-term Plan) 2018 2028 Author: Mayor Phil Goff 22 August 2017 1 Purpose This report sets out my priorities as Mayor and the advice and work plans that I am asking
More informationMayoral Proposal. Ten-year Budget November 2017
Mayoral Proposal Ten-year Budget 2018-2028 29 November 2017 Foreword My vision for Auckland is of a world-class city, a great place to live and as New Zealand s globally competitive city that attracts
More informationUNDERSTANDING YOUR RATES ACCOUNT. INSTALMENT 1: Last day for payment 30 September 2016
UNDERSTANDING YOUR S ACCOUNT INSTALMENT 1: Last day for payment 30 September HOW ARE S CALCULATED? Your rates account will show the different kinds of rate that we collect. Most of them are based on the
More informationachieving results in the public sector Kāpiti Coast District Council Financial Investigation of a Kāpiti Coast Unitary April 2013
AUCKLAND SYDNEY BRISBANE PERTH Kāpiti Coast District Council Financial Investigation of a Kāpiti Coast Unitary achieving results in the public sector TABLE OF CONTENTS 1. INTRODUCTION... 1 2. METHODOLOGY...
More informationDevelopment Contributions Policy 2018: Springvale Urban Expansion Area and Otamatea West
Development Contributions Policy 2018: Urban Expansion Area and West 1 P a g e Development Contributions Policy 2018: Urban Expansion Area and West Originator: Damien Wood, Development Engineer Contact
More informationHAVE YOUR SAY CONSULTATION DOCUMENT ON THE ANNUAL PLAN CARTERTON DISTRICT COUNCIL ISSN
CONSULTATION DOCUMENT HAVE YOUR SAY ON THE ANNUAL PLAN 2017-2018 CARTERTON DISTRICT COUNCIL ISSN 1171 7459 FROM HIS WORSHIP THE MAYOR The biggest issue facing us now is finding a way to eventually discharge
More informationRevenue and Financial Policy
Revenue and Financial Policy Revenue and Financing Policy The Revenue and Financing Policy sets out how the Council funds each activity it is involved in and why. The Council is required to have this Policy
More information8.2 Draft Contributions Policy 2015
8.2 Draft Contributions Policy 2015 Section 8: Financial Policies Summary 8.2 Draft Contributions Policy 2015 Contents 1 Overview and purpose... 2 2 Definitions... 3 3 Transition between policies... 6
More informationThe council s remission and postponement policy is set out in three parts each containing a number of schemes.
Rates Remission and Postponement Policy Policy purpose and overview The objective of this policy is to: provide ratepayers with some financial or other assistance where they might otherwise have difficulty
More informationThe relationship between the differential categories for the general rate and the indicative rate per dollar of capital value is:
Rates funding impact statement Consultation Rates for 2018/19 All figures stated do not include GST. Amounts to be collected are stated prior to remissions. To be read in conjunction with the Revenue and
More informationInvestor Update. Matthew Walker and John Bishop. 13 March 2018
Investor Update Matthew Walker and John Bishop 13 March 2018 Important disclaimer The information in this presentation has been prepared by Auckland Council for general information purposes only. By listening
More informationSection 5 Dollars and Cents
Section 5 Dollars and Cents section Revenue and financing policy 5a Financial statements 5b Funding impact statement rating implications 5c Rating changes 5d Balanced budget statement 5e Financial reporting
More informationNAPIER CITY COUNCIL TEN YEAR PLAN APPENDIX A 2012/13 TO 2021/22. Detailed Financial Information and Council Policies. Adopted 26 June 2012
NAPIER CITY COUNCIL TEN YEAR PLAN 2012/13 TO 2021/22 ISSN 1173-4477 APPENDIX A Detailed Financial Information and Council Policies Adopted 26 June 2012 Napier City Council Phone: 06 835 7579 Private Bag
More informationPart B: LTP , Page B-1
Part B: LTP 201525, Page B1 Part B: LTP 201525, Page B2 Table of contents Revenue and Financing Policy... B3 Liability Management and Investment Policy... B101 Development or Financial Contributions Policy...
More information2 level set out in the Long Term Plan 2015/2025. We have been able to utilise our improved financial capacity and flexibility to further our current c
File number: 2304.15 Approved for agenda Report to: Council Meeting date: 14 March 2017 Subject: Annual Plan 2017/2018 material - source documents Date of report: 06 March 2017 From: Glennis Christie,
More informationChristchurch City Council Draft Annual Plan 2016/17 and Proposed Amendments to the Long-term Plan (Draft) Council Consideration Draft
Christchurch City Council Draft Annual 2016/17 and Proposed Amendments to the Long-term 2015-2025 (Draft) Council Consideration Draft Please note: This document contains the Council consideration draft
More informationManawatū District Council. Revenue and Financing Policy. Draft Long Term Plan
Manawatū District Council Revenue and Financing Policy Draft Long Term Plan 2018-28 Revenue and Financing Policy The Local Government Act 2002 requires Council to adopt a Revenue and Financing Policy.
More informationRevenue and Financing Policy
Revenue and Financing Policy REVENUE AND FINANCING POLICY P a g e 1 Revenue and Financing Policy The Revenue and Financing Policy sets out how Council funds each activity it is involved in and why. Council
More informationUpper Tukituki Flood Control Scheme. Asset Management Plan. October 2017 HBRC Plan Number 4559 HBRC Report Number AM 15-04
Upper Tukituki Flood Control Scheme Asset Management Plan October 2017 HBRC Plan Number 4559 HBRC Report Number AM 15-04 Asset Management Group Technical Report ISSN 1174 3085 Engineering Section Upper
More informationRevenue and Financing Policy
Revenue and Financing Policy Overview Environment Canterbury s financial policies aim to achieve efficient and effective regional governance. We will prudently manage the our finances in such a manner
More informationachieving results in the public sector Wairarapa District Councils
AUCKLAND SYDNEY BRISBANE PERTH Wairarapa District Councils Phase Three Report: Investigation into the formation of an Amalgamated Wairarapa District Council and a Wairarapa Unitary Authority achieving
More informationNapier City Council Revenue and FINANCING POLICY
Napier City Council Revenue and FINANCING POLICY Revenue and Financing Policy 1. Background Napier City Council (the Council) has reviewed the proposed funding for each activity to determine the funding
More informationFinancial Strategy
2015-25 Financial Strategy Quality Information Document Ref 2 Financial Strategy Date 30 June 2015 Prepared by Peter Till, Chief Executive Reviewed by Approved by Peter Till, Chief Executive Revision History
More informationFinancial Policies. Contributions Policy 2015 Variation A. Contents
Financial Policies 2015 Variation A Contents 1 Overview and purpose... 2 2 Definitions... 3 3 Transition between policies... 6 4 Use of development contributions or financial contributions... 6 5 Development
More informationRevenue and financing policy
Revenue and financing policy Revenue and Financing policy Background The Local Government Act 2002 (LGA) requires the Council to adopt a range of policies in order to provide predictability and certainty
More informationChristchurch City Council. a guide. to your rates
Christchurch City Council to your rates a guide - 2015 Dear Ratepayer As we continue to face the challenge of recovering from the earthquakes and exploring the opportunities of rebuilding our city, we
More informationIntroduction. Plan reflects the wider context. 21,000 Population growth over 5 years
This Strategic Statement sets out the Vision, Strategic Objectives and broad policy directions of the City Council. These underpin the detailed programmes and list of projects which the Council plans to
More informationYOUR RATES. Working for you
YOUR RATES Working for you What do your rates pay for? Rates cover the cost of the many different activities and services the Council carries out every day for the community. At the Gore District Council
More informationSignificant Forecasting Assumptions
Significant Forecasting Assumptions In preparing this Long Term Plan it was necessary for Council to make a number of assumptions about the future. The following tables identify those forecasting assumptions
More informationFunding Impact Statement
Funding Impact Statement 1. Revenue and Financing Sources Generally The following revenue mechanisms will be used in 2015/16 and throughout the term of this LTP: General rates Targeted rates Fees and charges
More informationRegulatory Impact Analysis: Cost Recovery Impact Statement - Overview of Required Information 1
ACC Levies for 2019/20 and 2020/21 Cost Recovery Impact Statement Agency Disclosure Statement This Cost Recovery Impact Statement has been prepared by the Ministry of Business, Innovation and Employment.
More informationFinancial Strategy Rautaki Pūtea
FOR CONSULTATION Financial Strategy Rautaki Pūtea SUPPORTING THE LONG TERM PLAN 2018-28 CONSULTATION DOCUMENT Financial Strategy Note: The information in this strategy has been drafted to support the proposed
More informationSignificant Forecasting Assumptions
Summary of s The following general and financial s are assumed for the life of this Long Term Plan (2018-28). Level Consequence General s 1 Population Change Medium Low Minor 2 Household Change Medium
More informationREVENUE AND FINANCING POLICY
001 Attachment 1 REVENUE AND FINANCING POLICY The purpose of this document is to set out, in accordance with Section 103 of the Local Government Act 2002, to outline Council s decision on the appropriate
More informationSection D: Financial Information
The Shearer Statue Section D: Financial Information This section provides the Financial Strategy, details on the financial implications of the Plan, including estimated expenditure, revenue and public
More informationHOUSEHOLD SUMMARY THE 10-YEAR BUDGET. You re 7 ticks away from deciding the future of Auckland
HOUSEHOLD SUMMARY THE 10-YEAR BUDGET You re 7 ticks away from deciding the future of Auckland Have your say by 4pm on Monday 16 March 2015 Last year s rates brought you a better Auckland Improved public
More information5. RATING FOR 2003/04 REMISSION, POSTPONEMENT AND OTHER RATES POLICIES
5. RATING FOR 2003/04 REMISSION, POSTPONEMENT AND OTHER RATES POLICIES Officer responsible Authors Director of Finance Associate Director of Finance Geoff Barnes, DDI 941-8447, Rates Policy Manager Wayne
More informationFunding Fire and Emergency Services for all New Zealanders PUBLIC CONSULTATION
Funding Fire and Emergency Services for all New Zealanders PUBLIC CONSULTATION A public consultation paper on the setting of the rates of levy on contracts of fire insurance for the 2017/18 financial year
More informationAuckland Transport Alignment Project. Revenue and Expenditure Report
Auckland Transport Alignment Project Revenue and Expenditure Report Contents 1. Introduction... 3 2. Approach... 3 3. Expenditure... 5 3.1. Historic transport expenditure 2001-2015... 5 3.2. Expenditure
More informationSection 3: Financial Strategy
Section 3: Financial Strategy Purpose This strategy sets out our approach for achieving the right balance between making progress for Auckland and ensuring that Auckland is an affordable place to live,
More informationStrategic Performance Framework
Strategic Performance Framework Overview The strategic performance framework is a list of Key Performance Indicators (KPIs), which enable the Council to report how successful it has been in delivering
More informationPre-Election Report. July 2016 Clare Hadley, Chief Executive
Pre-Election Report July 2016 Clare Hadley, Chief Executive This document constitutes the pre-election report for the purposes of Section 99A of the Local Government Act 2002 Contents Contents... 2 Introduction...
More information2018 Long Term Plan Financial forecasting assumptions
2018 Long Term Plan Financial forecasting assumptions Forecasting assumption Risk Likelihood of occurrence Projected price change factors Forecast financial information That actual price changes vary Medium
More informationSignificant Planning Assumptions. Supporting Document for LTP
Significant Planning s Supporting Document for LTP 2018-28 CONTENTS SIGNIFICANT PLANNING ASSUMPTIONS... 3 INFLATION... 3 POPULATION GROWTH... 4 HOUSEHOLD GROWTH... 4 GROWTH IN RATING BASE... 6 RESOURCE
More informationTira Kāwana / Governing Body OPEN MINUTES
Tira Kāwana / Governing Body OPEN MINUTES Minutes of an extraordinary meeting of the Governing Body held in the Reception Lounge, Auckland Town Hall, 301-305 Queen Street, Auckland on Thursday, at 9.33am.
More informationFinancial Strategy. What is Council s financial strategy?
Financial Strategy Having a financial strategy is one of the key tools to the Council achieving its vision for the future. It is a new requirement under the amendments to the Local Government Act 2002.
More informationREVENUE AND FINANCING POLICY
REVENUE AND FINANCING POLICY Napier City Council (the Council) has reviewed the proposed funding for each activity to determine the funding policy for each. In accordance with the Local Government Act
More informationStatement of Revenue Policy
Gwydir Shire Council Statement of Revenue Policy 2014-15 To be the recognised leader in Local Government through continuous learning and sustainability TRIM Reference: S3362 Version:1 Adopted 11 February
More informationSOUTHLAND DISTRICT COUNCIL POLICY ON DEVELOPMENT AND FINANCIAL CONTRIBUTIONS
SOUTHLAND DISTRICT COUNCIL POLICY ON DEVELOPMENT AND FINANCIAL CONTRIBUTIONS 20152025 This policy applies to: DOCUMENT CONTROL Policy owner: Finance Approved by: Council TRIM reference number: R/14/11/17513
More informationDraft Transport Asset Management Plan
Agenda Item 9(i) Draft Transport Asset Management Plan Purpose To update the Auckland Transport Board on progress with respect to the Asset Management Plan (AMP). To seek approval to submit a draft of
More informationTRUST AND CONFIDENCE
-2019- BU1.3 Torontonians City Council TRUST AND CONFIDENCE STRATEGY Public Service 2 2.9 million 3.1 million 3.8 million people call Toronto people call Toronto people will call Toronto home each night
More informationDRAFT 10-YEAR PLAN SIGNIFICANT FORECASTING ASSUMPTIONS
2018-28 DRAFT 10-YEAR PLAN SIGNIFICANT FORECASTING ASSUMPTIONS Purpose 1. To outline the significant forecasting assumptions that inform the draft 2018-28 10-Year Plan. Introduction 2. Legislation requires
More informationChanges Third Budget Review 2015/16
Changes Third Review 2015/16 Operating Income Grants, subsidies & Contributions Current 3rd Review Increase / Explanation of Review 2,226,758 20,000 2,246,758 Special Purpose Grant Received for Fit-Out
More informationPROPERTY ASSET MANAGEMENT PLAN EXECUTIVE SUMMARY
PROPERTY ASSET MANAGEMENT PLAN EXECUTIVE SUMMARY - 2017 Introduction One of the main purposes of Local Authorities under the LGA 2002 is to meet the current and future needs of communities for good quality
More informationRevenue and Financing Policy
It is likely that in the future other relationship agreements will be required for Council to enter into in a post treaty settlement environment especially for those Tangata Whēnua/Māori not covered by
More informationAnnual Plan CENTRAL HAWKE S BAY DISTRICT COUNCIL
Annual Plan 2017-18 CENTRAL HAWKE S BAY DISTRICT COUNCIL Introduction Once every three years, Central Hawkes Bay District Council (CHBDC) adopts a 10 year Long Term Plan (LTP) and in the intervening years,
More informationTRUST AND CONFIDENCE
Torontonians City Council TRUST AND CONFIDENCE STRATEGY Public Service 2 2.9 million people call Toronto home each night 3.1 million people call Toronto home each day 3.8 million people will call Toronto
More informationDraft Long Term Plan
Draft Long Term Plan 2018-28 Christchurch City Council draft Long Term Plan 2018 2028 Christchurch Ōtautahi Volume 1 of 2 ccc.govt.nz/haveyoursay Published on 9 March 2018 by Christchurch City Council
More informationSignificant forecasting assumptions LTP 2018 V2 12 February 2018
Significant forecasting assumptions LTP 2018 V2 12 February 2018 Introduction In preparing forecasts, both financial and non-financial, there is a need to provide assumptions to address the uncertainties
More informationour city our future DRAFT RESOURCING STRATEGY July 2014 FOR PUBLIC EXHIBITION 4 August - 15 September 2014
our city our future SUSTAINABLE BLUE MOUNTAINS FOR PUBLIC EXHIBITION 4 August - 15 September 2014 DRAFT RESOURCING STRATEGY 2014-2024 July 2014 Including three possible options for Resourcing Our Future
More informationOutline of significant changes to the Development Contributions Policy 2018/19
Outline of significant changes to the Development Contributions Policy 2018/19 Updated 4/4/2018 Hamilton City Council is updating its Development Contributions Policy ( the existing Policy ). The Council
More informationREVENUE AND FINANCING POLICY
REVENUE AND FINANCING POLICY 2018 1 Far North District Council Long Term Plan 2018-28 Revenue and Financing Policy Overview The Local Government Act 2002 (LGA) requires all councils to adopt a Revenue
More informationDraft Contributions Policy 2018
Draft Contributions Policy 2018 Financial Policies Contributions Policy 2018 Contents Financial Policies... 1 Contributions Policy 2018... 2 1 Overview and purpose... 3 2 Definitions... 4 3 Transition
More informationDRAFT Rates Remission and Postponement Policies
DRAFT Rates Remission and Postponement Policies June 2018 Doc # 10264888 Page i Table of contents 1 Remission of rates for sporting and recreational organisations... 1 1.1 Objectives 1 1.2 Criteria and
More informationlong term plan financial strategy Financial Strategy
33 Financial Strategy long term plan 2012-22 financial strategy As a part of Council s planning for the future, we have considered the importance of good financial management and have prepared what we
More informationMethodology demonstrating calculation of development contributions
Methodology demonstrating calculation of development contributions Supporting Contributions Policy 2015 Version: Final Date: 14 November 2014 Contact: Bobbi Parkinson Finance, Planning Policy and Budgeting
More informationSignificant Forecasting Assumptions
Significant Forecasting Assumptions Council has made the following significant assumptions in preparing the Ashburton District Council Long Term Plan 2015-2025. Most of these assumptions have been identified
More informationFinancial incentives for local development Final report New Zealand Productivity Commission July 2016
Financial incentives for local development Final report New Zealand Productivity Commission July 2016 SGS final final report on financial incentives for local development 160715 This report has been prepared
More informationPEOPLE PLAN PROGRESS. Our Achievements
Our Achievements Our Achievements (service performance reporting) In the statements of service performance there are references to an Annual Survey. This survey was undertaken by Key Research and the sample
More informationDevelopment Contribution Policy
Development Contribution Policy Policy Owner: Development Contributions Coordinator Date approved: 27 June 2018 Next review date: June 2021 Document number: 1999575 Engagement required: External 1 Introduction
More informationChristchurch City Council Long-term Plan (Draft) Volume 1 of 2
Christchurch City Council Long-term 2015-2025 (Draft) Published on 17 March 2015 by Christchurch City Council P O Box 73015 Christchurch, New Zealand Tel 64 3 941 8999 Fax 64 3 941 8984 Web http:// www.ccc.govt.nz
More informationWairarapa Local Government. Assessment of Options
Wairarapa Local Government Assessment of Options June 2016 Document status Ref Version Approving director Date 2165 1.1 Draft for Council consultation Bruce Nicholson 19 May 2016 2165 1.2 Draft Final for
More informationSouthland District Council. Pre-Election Report
Southland District Council Pre-Election Report Chief Executive s Introduction Welcome to Southland District Council s first Pre-Election Report. The purpose of this report is to provide information to
More informationYOUR AUCKLAND. Auckland Council s Long-term Plan
YOUR AUCKLAND Auckland Council s Long-term Plan Volume 1: Summary and context 1 November 2010-30 June 2019 FACTS ABOUT THE AUCKLAND council s area Auckland Council s Long-term Plan Age 0-4 7.2 5-9 7.3
More informationRevenue and Financing Policy 2018
Revenue and Financing Policy 2018 Greater Wellington Regional Council Contents Core provisions... 2 1. Introduction... 2 2. Considerations for this policy... 2 3. Valuation system... 2 Equalised capital
More informationPerformance Management. Framework
Management Framework Section Two Supporting Information LTP 2015-25 Structure of Groups of Activities Council carries out a number of activities or functions in order to meet it statutory responsibilities
More informationIntroduction to Development Charges (DCs)
Introduction to Development Charges (DCs) Strategic Priorities and Policy Committee April 13 th, 2015 1 Agenda What are Development Charges & what do they pay for? DC rate setting process Payment of DCs
More informationNow s the time to have your say
A BRIGHT FUTURE Now s the time to have your say CONSULTATION DOCUMENT FOR OUR LONG TERM PLAN 2018/2028 Contents Message from Council 1 Your Councillors 2 What is an LTP 3 Our vision 5 Kaipara Who are we?
More informationOperational Grants and Subsidies Graph /17 YTD Actual: What makes up this revenue
Statement of Comprehensive Revenue and Expenses For the 11 months ended 31 May 2017 YTD YTD Actual YTD AP Variance May16 Note May17 2017 2017 $000s $000s $000s $000s REVENUE FROM NONEXCHANGE TRANSACTIONS
More informationSignificant Forecasting Assumptions LTP (including Infrastructure Strategy )
Significant Forecasting Assumptions LTP 2018 2028 (including Infrastructure Strategy 2018 2048) Table of Contents Introduction... 3 Risk Assessment... 3 Significant Non Financial (NF) Forecasting Assumptions...
More informationA BETTER BLUE MOUNTAINS
A BETTER BLUE MOUNTAINS INFORMATION SHEET 1 JULY 2014 Resourcing Our Future Have Your Say Our Vision is to build a successful future for the Blue Mountains through improving the wellbeing of our community
More informationTOWN OF GAWLER POLICY
TOWN OF GAWLER POLICY Policy Section: Policy Name: Classification: 6. Finance & Corporate Services Service Range Public Council Policy Adopted: 26 May 2015 Frequency of Review: Biennial Last Review: August
More informationCOST RECOVERY PRICING
COST RECOVERY PRICING SIMPLE TIPS TO ENSURE YOU MAXIMISE THE USER PAYS APPROACH LGFP PRESENTATION THURSDAY 22 ND NOVEMBER 2018 GAVIN O DONOVAN, DIRECTOR STRATEGIC FINANCE GAVIN.ODONOVAN@AECGROUPLTD.COM
More informationBUDGET COMMENTARY AT BUDGET ADOPTION
Table of Contents BUDGET COMMENTARY AT BUDGET ADOPTION MEDIA RELEASES... i COMMUNITY BUDGET REPORT... 1 FINANCIAL STATEMENTS STATEMENT OF INCOME & EXPENSES Total Council... 10 Council by Department...
More informationDraft Outcomes Report. Draft Outcomes Report Facilitated Workshops and Report: Rates Review. City of Palmerston
Draft Outcomes Report Draft Outcomes Report Facilitated Workshops and Report: Rates Review City of Palmerston 1 Contents 1 Executive summary 3 2 Background 4 2.1 City of Palmerston s Current Rate System
More informationFinancial Strategy. Forecast Revenue. Rates revenue
Financial Strategy Council has adopted a set of funding and financial policies to provide predictability and certainty about sources and levels of funding. The Council intends to manage its financial dealings
More informationSummary. This year there was one significant issue identified and consulted on in relation to wastewater. This is summarised on the following page.
Contents page Summary... 1 Wastewater consultation process summary... 2 What we do... 3 Where do your rates go?... 4 Key projects for 2017/18... 6 Funding Impact Statement (FIS)... 9 Rating Base Information...
More informationFUNDING NEEDS ANALYSIS
FUNDING NEEDS ANALYSIS The purpose of this document is to set out, in accordance with section 101 (3) of the Local Government Act 2002 how each activity of Council will be funded. CONTENTS 1. Introduction
More informationContents. Table of Figures. Community Budget Report 2012/13 Australia s most sustainable region
Contents Mayor s Message... 4 Introduction... 6 Budget at a Glance... 6 Financial Statements... 7 Statement of Income and Expenses... 8 Statement of Financial Position... 9 External Loan Liabilities...
More informationEnvironment Expenditure Local Government
46.0 46.0 ENVIRONMENT EXPENDITURE, LOCAL GOVERNMENT, AUSTRALIA 000 0 Environment Expenditure Local Government Australia 000 0 4600007005 ISSN 444-390 Recommended retail price $4.00 Commonwealth of Australia
More informationRevenue and Financing Policy
Revenue and Financing Policy PART 1 NOTE: The Introduction, Summary of Changes and General Rating Information section does not form part of the Revenue and Financing policy. It is provided to assist readers
More informationPOPULATION GROWTH. Steady and moderate growth of 1.7% a year to 2018, slowing to 0.6% a year out to 2048 MITGATING FACTORS (IF APPLICABLE)
POPULATION GROWTH Steady and moderate growth of 1.7% a year to 2018, slowing to 0.6% a year out to 2048 ALTERNATIVES IMPACT LIKELIHOOD OVERALL RISK REASONS AND FINANCIAL EFFECT That the population growth
More informationProductivity Commission, Better Urban Planning - draft report
Board Meeting 26 September 2016 Agenda item no. 10.2 Open Session Productivity Commission, Better Urban Planning - draft report Recommendation That the Board: i. Notes the attached Auckland Council submission
More informationAPPROPRIATION MINISTER(S): Minister for Climate Change Issues (M12), Minister for the Environment (M29)
Vote Environment APPROPRIATION MINISTER(S): Minister for Climate Change Issues (M12), Minister for the Environment (M29) APPROPRIATION ADMINISTRATOR: Ministry for the Environment RESPONSIBLE MINISTER FOR
More informationGreater Wellington Regional Council Revenue and Financing Policy Statement of Proposal 1
Revenue and Financing Policy Statement of Proposal 1 (Greater Wellington) proposes to change our Revenue and Financing Policy. The purpose of the changes is to make the funding policies more transparent,
More information