9. Financials DRAFT

283

The financials include the following statements covering the ten year period commencing 1 July 2012:

• Prospective Statement of Financial Position

• Prospective Statement of Comprehensive Income

• Prospective Statement of Changes in Equity

• Prospective Statement of Cash Flows

• Notes on Expenditure and Revenue

Supplementary information is also provided which presents the financial information in 2012/13 dollars. This is provided to display the above financial statements without the impact of inflation.

Funding impact statements are included in this section for total Council and for each major activity area. These statements are all provided inclusive of inflation.

Financial Reserves are also shown in this section. These include Restricted Reserves and Council Created Reserves. Refer to the Statement of Accounting Policies for further details.

The financial statements are authorised for issue as adopted by Council on the 13 March 2012 based on the following policies and assumptions included in the significant assumptions section of this document.

FINANCIALS

Tauranga City Council Draft Ten Year Plan 2012-2022284

FINANCIALS

STATEMENT OF FINANCIAL POSITION (INCLUDING INFLATION)2011/12 All of Council

Budget ($000’s)

2012/13 All of Council

Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)

ASSETSCURRENT ASSETSCash and Cash Equivalents 1,785 86 90 93 98 102 106 110 115 120 125Debtors and Other Receivables 19,677 19,677 20,294 20,914 21,578 22,281 22,912 23,571 24,320 25,134 25,965Non-Current Assets Intended for Sale 2,225 7,060 7,371 7,679 4,477 3,381 3,416 94 114 0 225Derivative Financial Instruments 375 375 387 398 411 424 437 449 463 479 495Inventories 389 389 401 413 426 440 453 466 481 497 513Total Current Assets 24,451 27,587 28,543 29,497 26,990 26,628 27,324 24,690 25,493 26,230 27,323NON-CURRENT ASSETSINVESTMENTSDerivative Financial Instruments 2,804 2,804 2,804 2,804 2,804 2,804 2,804 2,804 2,804 2,804 2,804Financial Assets 8,744 9,654 10,599 11,585 12,624 13,723 14,897 16,157 17,649 19,402 21,445Investment Properties 38,211 34,162 35,487 36,673 37,923 39,300 40,793 42,437 44,266 46,276 48,409Other Investments 50,192 36,250 38,622 41,135 43,896 46,919 49,998 53,360 57,367 62,039 67,355Total Investments 99,951 82,870 87,512 92,197 97,247 102,746 108,492 114,758 122,086 130,521 140,013OTHER NON-CURRENT ASSETSIntangible Assets 6,578 11,175 11,175 11,175 11,175 11,175 11,175 11,175 11,175 11,175 11,175

Forestry 2,578 5,153 5,353 5,532 5,720 5,928 6,153 6,401 6,677 6,980 7,302Property, Plant and Equipment 3,550,755 3,584,963 3,749,839 3,920,664 4,114,134 4,314,616 4,541,199 4,820,566 5,130,057 5,441,515 5,813,817

Total Other Non- Current Assets 3,559,911 3,601,291 3,766,367 3,937,371 4,131,029 4,331,719 4,558,527 4,838,142 5,147,909 5,459,670 5,832,294

Total Non-Current Assets 3,659,862 3,684,161 3,853,879 4,029,568 4,228,276 4,434,465 4,667,019 4,952,900 5,269,995 5,590,191 5,972,307

TOTAL ASSETS 3,684,313 3,711,748 3,882,422 4,059,065 4,255,266 4,461,093 4,694,343 4,977,590 5,295,488 5,616,421 5,999,630LIABILITIESCURRENT LIABILITIESCreditors and Other Payables 35,797 35,797 39,793 41,003 42,302 43,677 44,913 46,198 47,667 49,264 50,894Deposits Held 4,164 4,164 4,294 4,425 4,565 4,714 4,847 4,986 5,144 5,316 5,492Provisions 0 6,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000Employee Entitlements 2,893 2,893 2,893 2,893 2,893 2,893 2,893 2,893 2,893 2,893 2,893Other Current Liabilities 8,475 8,475 5,687 5,687 5,687 5,687 5,687 5,687 5,687 5,687 5,687Derivative Financial Instruments 1,052 1,052 1,052 1,052 1,052 1,052 1,052 1,052 1,052 1,052 1,052Borrowings 111,762 121,600 89,600 124,600 121,600 89,051 79,000 105,369 103,115 114,506 95,934Total Current Liabilities 164,143 179,981 147,319 183,660 182,099 151,074 142,392 170,185 169,558 182,718 165,952

285

FINANCIALS

STATEMENT OF FINANCIAL POSITION (INCLUDING INFLATION) (CONTINUED)2011/12 All of Council

Budget ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)

LIABILITIESNON-CURRENT LIABILITIESEmployee Entitlements 194 194 194 194 194 194 194 194 194 194 194Provisions 14,000 22 45 72 101 132 164 198 235 274 315Deriviative Financial Instruments 11,135 11,135 11,135 11,135 11,135 11,135 11,135 11,135 11,135 11,135 11,135Borrowings 286,258 281,040 308,239 276,133 278,096 301,867 303,181 292,790 310,234 292,927 340,150Total Non-Current Liabilities 311,587 292,391 319,613 287,534 289,526 313,328 314,674 304,317 321,798 304,530 351,794TOTAL LIABILITIES 475,730 472,372 466,932 471,194 471,625 464,402 457,066 474,502 491,356 487,248 517,746NET ASSETS 3,208,583 3,239,376 3,415,490 3,587,871 3,783,641 3,996,691 4,237,277 4,503,088 4,804,132 5,129,173 5,481,884PUBLIC EQUITYRestricted Reserves (44,207) (52,434) (54,927) (68,827) (82,377) (84,191) (96,828) (122,960) (150,516) (166,405) (213,400)Council Created Reserves 38,431 50,011 63,945 79,282 95,343 113,920 134,480 154,373 180,470 204,626 234,370Property, Plant and Equipment Revaluation Reserve

2,420,510 2,420,510 2,561,005 2,689,561 2,828,652 2,983,816 3,156,341 3,354,029 3,579,505 3,826,725 4,102,642

Investment Property Revaluation Reserve 0 0 0 0 0 0 0 0 0 0 0Retained Earnings 793,849 821,289 845,467 887,855 942,023 983,146 1,043,284 1,117,646 1,194,673 1,264,227 1,358,272TOTAL PUBLIC EQUITY 3,208,583 3,239,376 3,415,490 3,587,871 3,783,641 3,996,691 4,237,277 4,503,088 4,804,132 5,129,173 5,481,884


FINANCIALS

PROSPECTIVE STATEMENT OF COMPREHENSIVE INCOME (INCLUDING INFLATION)2011/12 All of Council

Budget ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)

OPERATING REVENUERates Revenue 98,970 104,062 110,258 115,849 121,388 127,787 132,343 138,076 145,554 152,270 160,819Other Revenue 59,389 62,776 66,326 70,290 69,811 72,539 74,979 77,724 81,396 84,992 89,276Total Operating Revenue 158,359 166,838 176,584 186,139 191,199 200,326 207,322 215,800 226,950 237,262 250,095OPERATING EXPENDITUREEmployee Benefits 34,090 36,086 37,276 36,694 37,918 39,469 40,514 42,044 43,438 44,893 46,379Depreciation and Amortisation 39,258 41,527 43,898 46,499 49,276 53,786 56,486 59,551 63,288 66,397 71,966Finance 25,801 27,470 27,362 27,540 26,784 26,509 26,263 26,857 28,234 28,406 30,869Other Expenses^ 57,045 59,763 61,753 65,676 65,260 68,036 70,352 76,441 76,211 79,294 82,841Total Council Operating Expenditure 156,194 164,846 170,289 176,409 179,238 187,800 193,615 204,893 211,171 218,990 232,055NET SURPLUS (DEFICIT) BEFORE ASSET DEVELOPMENT REVENUE

2,165 1,992 6,295 9,730 11,961 12,526 13,707 10,907 15,779 18,272 18,040

ASSET DEVELOPMENT Development Contributions 11,502 11,633 15,639 20,064 20,489 24,733 25,676 26,361 26,434 27,504 32,355Capital Gain on Asset Sales and Revaluations 0 0 1,325 1,185 1,251 1,377 1,493 1,644 1,829 2,010 2,133Net Impact of Revaluations on Revaluation Reserve

0 0 0 0 0 0 0 0 0 0 0

Assets Vested to Tauranga City Council 12,183 17,168 12,359 12,847 22,979 19,251 27,184 29,214 31,529 30,040 24,268Assets Vested to Other Entities 0 0 0 0 0 0 0 0 0 0 0Total Asset Development Revenue 23,685 28,801 29,323 34,096 44,719 45,361 54,353 57,219 59,792 59,554 58,756SURPLUS BEFORE TAXATION 25,850 30,793 35,618 43,826 56,680 57,887 68,060 68,126 75,571 77,826 76,796Taxation Expense 0 0 0 0 0 0 0 0 0 0 0NET SURPLUS AFTER TAXATION 25,850 30,793 35,618 43,826 56,680 57,887 68,060 68,126 75,571 77,826 76,796OTHER COMPREHENSIVE INCOMENet impact of revaluation on revaluation reserve*

608,031 0 140,495 128,556 139,090 155,164 172,525 197,689 225,476 247,220 275,917

Taxation on other comprehensive income 0 0 0 0 0 0 0 0 0 0 0Total Other Comprehensive Income 608,031 0 140,495 128,556 139,090 155,164 172,525 197,689 225,476 247,220 275,917Total Comprehensive Income for the Year 633,881 30,793 176,113 172,382 195,770 213,051 240,585 265,815 301,047 325,046 352,713^ Other expenses includes administration, consulting, electricity, repairs and maintenance etc.

* Movement in revaluation reserve relates to a prior year revaluation not included in the original budget. This movement was predominately due to a large movement in the value of land under roads.

287

FINANCIALS

PROSPECTIVE STATEMENT OF CHANGES IN EQUITY (INCLUDING INFLATION) IN LTP2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)

EQUITY AT THE START OF THE YEAR 2,574,996 3,208,580 3,239,373 3,415,485 3,587,866 3,783,635 3,996,687 4,237,273 4,503,084 4,804,129 5,129,170Total Comprehensive Income 633,882 30,793 176,112 172,381 195,769 213,051 240,586 265,812 301,044 325,041 352,710Taxation on Equity 0 0 0 0 0 0 0 0 0 0 0Investment property reclassification 0 0 0 0 0 0 0 0 0 0 0Other Adjustments^ (298) 0 0 0 0 0 0 0 0 0 0Movements in Equity for the Year 633,584 30,793 176,112 172,381 195,769 213,051 240,586 265,812 301,044 325,041 352,710EQUITY AT THE END OF THE YEAR 3,208,580 3,239,373 3,415,485 3,587,866 3,783,635 3,996,687 4,237,273 4,503,084 4,804,129 5,129,170 5,481,880COMPONENTS OF EQUITYRestricted ReservesReserves at the beginning of the year 12,699 (44,207) (52,434) (54,927) (68,827) (82,377) (84,191) (96,828) (122,960) (150,516) (166,405)Net Transfers (to)/from Retained Earnings (56,906) (8,227) (2,493) (13,900) (13,550) (1,814) (12,638) (26,132) (27,555) (15,889) (46,995)Restricted Reserves at the end of the year (44,207) (52,434) (54,927) (68,827) (82,377) (84,191) (96,828) (122,960) (150,516) (166,405) (213,400)Council Created ReservesReserves at the beginning of the year 27,531 38,432 50,011 63,944 79,283 95,343 113,921 134,480 154,374 180,471 204,627Net Transfers (to)/from Retained Earnings 10,901 11,578 13,933 15,339 16,060 18,578 20,559 19,894 26,097 24,156 29,744Council Created Reserves at the end of the year

38,432 50,011 63,944 79,283 95,343 113,921 134,480 154,374 180,471 204,627 234,371

Property, Plant and Equipment Revaluation ReservesReserves at the beginning of the year 1,812,479 2,420,510 2,420,511 2,561,006 2,689,562 2,828,653 2,983,817 3,156,342 3,354,030 3,579,506 3,826,726Share of Other Comprehensive Income 608,032 0 140,495 128,556 139,090 155,164 172,525 197,689 225,476 247,220 275,917Net Transfers (to)/from Retained Earnings 0 0 0 0 0 0 0 0 0 0 0Property, Plant and Equipment Revaluation Reserves at the end of the year

2,420,511 2,420,511 2,561,006 2,689,562 2,828,653 2,983,817 3,156,342 3,354,030 3,579,506 3,826,726 4,102,643

Retained Earnings 0 0 0 0 0 0 0 0 0 0 0Reserves at the beginning of the year 722,287 793,844 821,286 845,464 887,849 942,018 983,141 1,043,281 1,117,641 1,194,668 1,264,222Surplus/(Deficit) after Taxation for the Year 25,851 30,793 35,618 43,825 56,679 57,887 68,061 68,123 75,569 77,821 76,794Net Transfers (to)/from Reserves 46,005 (3,351) (11,440) (1,440) (2,510) (16,764) (7,921) 6,237 1,458 (8,267) 17,251Investment property reclassification 0 0 0 0 0 0 0 0 0 0 0Other Adjustments^ -298 0 0 0 0 0 0 0 0 0 0Retained Earnings at the end of the year 793,844 821,286 845,464 887,849 942,018 983,141 1,043,281 1,117,641 1,194,668 1,264,222 1,358,267EQUITY AT END OF THE YEAR 3,208,581 3,239,374 3,415,486 3,587,867 3,783,636 3,996,688 4,237,274 4,503,085 4,804,130 5,129,171 5,481,881* Movement in revaluation reserve relates to a prior year revaluation not included in the original budget. This movement was predominately due to a large movement in the value of land under roads. For further details see the 2010 Annual Report.

^ Other adjustments relate to a prior year adjustment due to a change in the assumptions surrounding Te Tumu.


FINANCIALS

STATEMENT OF CASH FLOWS (INCLUDING INFLATION)2011/12 All of Council

Budget ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)

CASH FLOWS FROM OPERATING ACTIVITIESRates 97,553 102,454 108,600 114,140 119,625 125,966 130,470 136,149 143,565 150,192 158,672 Grants and Subsidies 8,011 8,205 8,591 11,575 8,663 8,506 8,736 9,015 9,320 9,657 10,001 User Charges and Fees 61,882 64,241 70,716 76,073 78,820 85,819 88,955 91,985 95,224 99,370 108,020 Interest Received 996 1,963 2,042 2,087 2,154 2,246 2,334 2,428 2,534 2,652 2,775 Dividends and Subventions Received - - - - - - - - - - - Deposits Received - - 130 131 140 148 133 139 159 172 176 Total Operating Cash Provided 168,442 176,863 190,079 204,006 209,402 222,685 230,628 239,716 250,802 262,043 279,644 Payments to Suppliers and Employees 88,322 94,220 93,378 99,449 100,112 104,304 107,749 115,266 116,183 120,505 125,434 Interest on Loans 25,801 27,470 27,362 27,540 26,784 26,509 26,263 26,857 28,234 28,406 30,869 Payments to/on Behalf of Other Authorities - - - - - - - - - - - Deposits Repaid - - - - - - - - - - - Goods and Services tax (net) - - - - - - - - - - - Total Operating Cash Applied 114,123 121,690 120,740 126,989 126,896 130,813 134,012 142,123 144,417 148,911 156,303 NET CASH FLOWS FROM OPERATING ACTIVITIES

54,319 55,173 69,339 77,017 82,506 91,872 96,616 97,593 106,385 113,132 123,341

CASH FLOWS FROM INVESTING ACTIVITIESShort-Term Deposits Maturing 161,108 161,108 161,108 161,108 161,108 161,108 161,108 161,108 161,108 161,108 161,108 Realisation of Investments (7,020) 5,942 (4,372) (2,512) (2,761) (3,023) (3,079) (3,362) (4,007) (4,673) (5,315)Proceeds from sale of property, plant and equipment

110 7,060 7,371 7,679 4,477 3,381 3,416 94 114 - 225

Total Investing Cash Provided 154,198 174,110 164,107 166,275 162,824 161,466 161,445 157,840 157,215 156,435 156,018 Short-Term Deposits Invested 161,108 161,108 161,108 161,108 161,108 161,108 161,108 161,108 161,108 161,108 161,108 Acquisition of Investments - - - - - - - - - - - Purchase of property, plant and equipment 73,599 74,495 67,533 85,075 83,181 83,448 88,212 110,299 117,678 102,537 146,897 Total Investing Cash Applied 234,707 235,603 228,641 246,183 244,289 244,556 249,320 271,407 278,786 263,645 308,005 NET CASH FLOWS FROM INVESTING ACTIVITIES

(80,509) (61,493) (64,534) (79,908) (81,465) (83,090) (87,875) (113,567) (121,571) (107,210) (151,987)

CASH FLOWS FROM FINANCING ACTIVITIESLoans Raised 89,840 120,466 66,745 73,644 70,166 62,251 60,823 84,076 85,962 67,397 100,975 Total Financing Cash Provided 89,840 120,466 66,745 73,644 70,166 62,251 60,823 84,076 85,962 67,397 100,975 Loans Repaid 61,941 115,845 71,546 70,750 71,202 71,029 69,560 68,098 70,771 73,314 72,324 Total Financing Cash Applied 61,941 115,845 71,546 70,750 71,202 71,029 69,560 68,098 70,771 73,314 72,324 NET CASH FLOWS FROM FINANCING ACTIVITIES

27,899 4,621 (4,801) 2,894 (1,036) (8,778) (8,737) 15,978 15,191 (5,917) 28,651

NET INCREASE/(DECREASE) IN CASH 1,710 (1,699) 4 3 5 4 4 4 5 5 5 PLUS OPENING CASH 75 1,785 86 90 93 98 102 106 110 115 120 CLOSING CASH POSITION 1,785 86 90 93 98 102 106 110 115 120 125

289

FINANCIALS

PROSPECTIVE COST OF SERVICE STATEMENT OPERATIONAL EXPENDITURE (INCLUDING INFLATION)2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)

DELIVERY Roading 31,797 32,557 34,500 36,804 40,196 43,071 45,390 48,039 51,514 55,436 58,832 Airport 2,676 2,928 3,223 3,359 3,456 3,566 3,787 4,157 4,643 4,754 4,981 Indoor Space & Active Living 6,093 7,205 7,359 7,501 7,739 7,760 7,944 8,073 8,484 8,166 8,037 Open Space 17,316 17,676 18,127 18,551 18,980 19,725 19,917 19,966 20,571 21,232 22,002 Community Property Services 4,144 4,423 4,709 4,910 5,302 5,389 5,517 5,853 6,038 6,491 6,478 Aquatic 2,413 2,626 2,891 3,047 3,242 3,442 3,545 3,934 4,017 4,083 4,160 Wastewater 19,043 19,068 20,270 24,909 22,895 25,552 27,082 31,420 28,948 29,917 31,590 Water Supply 18,393 17,288 17,869 18,633 19,400 20,477 21,659 22,608 23,453 24,203 26,544 Stormwater 13,250 12,953 13,820 14,798 16,135 17,171 18,213 19,424 20,316 21,491 22,699 Solid Waste 2,926 2,885 2,979 3,016 3,205 3,321 3,441 3,581 3,719 3,865 4,017 Libraries 7,712 7,838 8,383 8,760 9,353 9,888 9,800 10,050 10,505 10,838 11,298 Venues & Events 3,233 3,483 3,574 3,692 3,816 3,930 4,002 4,124 4,210 4,343 4,558 Baypark 210 1,480 1,643 1,805 1,925 2,056 2,187 2,325 2,421 2,564 2,706 Arts & Heritage 1,681 1,749 1,784 1,831 1,997 1,947 2,000 2,057 2,120 2,191 2,265 CBD & Neighbourhood Centre Revitalisation 351 414 451 486 534 573 612 651 694 738 784 Economic Development 1,961 2,001 2,063 2,121 2,193 2,263 2,321 2,392 2,464 2,551 2,641 Environmental Policy 2,416 2,885 2,377 2,476 2,562 2,639 2,702 2,789 2,763 2,857 2,980 Environmental Planning 2,136 2,104 2,158 2,230 2,308 2,374 2,422 2,496 2,632 2,703 2,805 Building Services 4,693 4,322 4,405 3,729 3,844 3,943 4,006 4,125 4,256 4,388 4,554 Environmental Compliance & Monitoring 2,171 2,442 2,456 2,555 2,654 2,705 2,757 2,839 2,964 3,067 3,194 Animal Services 680 690 714 772 814 827 827 853 875 902 941 Civil Defence & Emergency Management 477 547 558 636 655 673 689 706 725 747 768 Customer Service Centre 3,613 4,218 4,341 2,472 2,546 2,584 2,526 2,596 2,682 2,761 2,846 City Development 2,675 2,614 2,667 2,747 2,844 2,922 2,988 3,081 3,210 3,414 3,548 Democracy & Civic Services 2,524 2,405 2,732 2,550 2,823 3,266 2,989 3,228 3,797 3,381 3,663 Support Services 24,136 24,795 24,987 24,811 25,263 25,998 26,627 27,528 28,446 29,384 30,686 TOTAL OPERATING EXPENDITURE 178,720 183,596 191,040 199,201 206,681 218,062 225,950 238,895 246,467 256,467 269,577 Head Office & Treasury (5,958) (1,574) (3,264) (4,766) (8,675) (11,072) (12,976) (13,940) (14,761) (16,505) (15,546)Non Significant Activities 3,850 3,923 4,068 4,200 4,382 4,545 4,657 4,796 4,978 5,123 5,319 Less Internal Eliminations (20,419) (21,099) (21,554) (22,226) (23,149) (23,735) (24,016) (24,857) (25,514) (26,094) (27,295)TOTAL COUNCIL EXPENDITURE 156,193 164,846 170,290 176,409 179,239 187,800 193,615 204,894 211,170 218,991 232,055


FINANCIALS

PROSPECTIVE COST OF SERVICE STATEMENT OPERATIONAL REVENUE SUMMARY (INCLUDING INFLATION)2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)

DELIVERY Roading 10,847 10,520 10,911 11,384 11,782 12,273 12,702 13,189 13,723 14,774 15,390Airport 4,306 4,405 4,685 4,868 5,353 5,570 5,765 6,384 6,638 6,876 7,104Indoor Space & Active Living 15 643 663 683 705 727 748 769 794 820 848Open Space 228 228 236 243 250 259 266 273 282 292 301Community Property Services 4,894 4,859 5,067 5,271 5,534 5,741 5,931 6,130 6,355 6,599 6,849Aquatic 275 260 268 276 285 294 303 311 321 332 343Wastewater 1,167 1,154 1,207 1,265 1,333 1,404 1,473 1,545 1,610 1,681 1,754Water Supply 14,585 15,786 16,961 17,647 18,166 19,056 19,788 20,076 21,109 21,842 23,321Stormwater 18 18 18 19 20 20 21 21 22 23 23Solid Waste 881 906 934 963 993 1,026 1,055 1,085 1,119 1,157 1,195Libraries 934 811 857 892 953 1,023 1,065 1,109 1,159 1,213 1,347Venues & Events 1,465 1,646 1,697 1,749 1,804 1,863 1,916 1,970 2,033 2,101 2,171Baypark 210 934 1,148 1,307 1,425 1,537 1,653 1,778 1,862 1,924 1,988Arts & Heritage 60 70 72 74 77 79 81 84 86 89 92CBD & Neighbourhood Centre Revitalisation 0 0 0 0 0 0 0 0 0 0 0Economic Development 90 90 93 96 99 102 105 108 111 115 119Environmental Policy 16 14 14 14 15 15 16 16 17 17 18Environmental Planning 1,482 1,440 1,488 1,536 1,589 1,645 1,696 1,750 1,810 1,876 1,943Building Services 4,496 4,600 4,951 5,102 5,264 5,436 5,590 5,750 5,934 6,133 6,337Environmental Compliance & Monitoring 750 847 879 905 940 970 1,001 1,034 1,070 1,110 1,150Animal Services 734 767 798 831 869 909 947 987 1,031 1,079 1,129Civil Defence & Emergency Management 0 0 0 0 0 0 0 0 0 0 0Customer Service Centre 3,613 2,845 2,867 2,472 2,546 2,584 2,526 2,596 2,682 2,761 2,846City Development 1,734 1,555 1,598 1,647 1,701 1,753 1,800 1,853 1,918 2,019 2,091Democracy & Civic Services 29 29 205 30 31 225 33 34 245 37 38Support Services 19,692 20,380 20,849 20,972 21,762 22,409 22,889 23,801 24,694 25,576 27,096TOTAL OPERATING REVENUE 72,521 74,807 78,466 80,246 83,496 86,920 89,370 92,653 96,625 100,446 105,493Head Office & Treasury 304 1,918 1,860 1,830 1,874 1,958 2,037 2,120 2,218 2,326 2,438Non Significant Activities 3,312 3,419 3,549 3,667 3,831 3,976 4,075 4,196 4,344 4,470 4,642Grants Received for Capital Expenditure 3,480 3,761 3,994 6,762 3,747 3,410 3,506 3,607 3,721 3,846 3,973Less Internal Eliminations (20,229) (21,129) (21,543) (22,215) (23,136) (23,725) (24,009) (24,852) (25,512) (26,096) (27,270)TOTAL REVENUE BEFORE ASSET DEVELOPMENT REVENUE

59,388 62,776 66,326 70,290 69,812 72,539 74,979 77,724 81,396 84,992 89,276

This excludes Rates, Internal Interest and Asset Development Revenue.

291

FINANCIALS

STATEMENT OF FINANCIAL POSITION (EXCLUDING INFLATION)2011/12 All of Council

Budget ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)

ASSETSCURRENT ASSETSCash and Cash Equivalents 1,785 86 87 88 89 90 91 92 93 94 95Debtors and Other Receivables 19,673 19,671 19,674 19,668 19,671 19,676 19,680 19,682 19,682 19,682 19,682Inventories 389 389 389 389 389 389 389 389 389 389 389Non-Current Assets Intended for Sale 2,225 7,060 7,095 7,153 4,033 2,939 2,860 76 88 0 159Derivative Financial Instruments 375 375 375 375 375 375 375 375 375 375 375Total Current Assets 24,447 27,581 27,620 27,673 24,557 23,469 23,395 20,614 20,627 20,540 20,700NON-CURRENT ASSETSINVESTMENTSDerivative Financial Instruments 2,804 2,804 2,804 2,804 2,804 2,804 2,804 2,804 2,804 2,804 2,804Financial Assets 8,744 9,654 10,599 11,585 12,624 13,723 14,897 16,157 17,649 19,402 21,445Investment Properties 38,211 34,162 34,162 34,162 34,162 34,162 34,162 34,162 34,162 34,162 34,162Other Investments 50,192 36,250 37,450 38,710 40,039 41,449 42,953 44,567 46,437 48,592 51,064Total Investments 99,951 82,870 85,015 87,261 89,629 92,138 94,816 97,690 101,052 104,960 109,475OTHER NON-CURRENT ASSETSIntangible Assets 6,578 11,175 11,175 11,175 11,175 11,175 11,175 11,175 11,175 11,175 11,175

Forestry 2,578 5,153 5,153 5,153 5,153 5,153 5,153 5,153 5,153 5,153 5,153Property, Plant and Equipment 3,550,756 3,584,966 3,608,749 3,648,454 3,697,742 3,737,312 3,782,690 3,848,503 3,913,219 3,960,407 4,028,053

Total Other Non-Current Assets 3,559,912 3,601,294 3,625,077 3,664,782 3,714,070 3,753,640 3,799,018 3,864,831 3,929,547 3,976,735 4,044,381

Total Non-Current Assets 3,659,863 3,684,164 3,710,092 3,752,043 3,803,699 3,845,778 3,893,834 3,962,521 4,030,599 4,081,695 4,153,856

TOTAL ASSETS 3,684,310 3,711,745 3,737,712 3,779,716 3,828,256 3,869,247 3,917,229 3,983,135 4,051,226 4,102,235 4,174,556LIABILITIESCURRENT LIABILITIESCreditors and Other Payables 35,797 35,797 38,585 38,585 38,585 38,585 38,585 38,585 38,585 38,585 38,585Deposits Held 4,164 4,164 4,164 4,164 4,164 4,164 4,164 4,164 4,164 4,164 4,164Provisons 0 6,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000Employee Entitlements 2,893 2,893 2,893 2,893 2,893 2,893 2,893 2,893 2,893 2,893 2,893Income in Advance 8,475 8,475 5,687 5,687 5,687 5,687 5,687 5,687 5,687 5,687 5,687Derivative Financial Instruments 1,052 1,052 1,052 1,052 1,052 1,052 1,052 1,052 1,052 1,052 1,052Borrowings 111,762 121,600 89,600 124,600 121,600 89,051 79,000 105,369 103,115 114,506 95,934Total Current Liabilities 164,143 179,981 145,981 180,981 177,981 145,432 135,381 161,750 159,496 170,887 152,315


FINANCIALS

STATEMENT OF FINANCIAL POSITION (EXCLUDING INFLATION) (CONTINUED)2011/12 All of Council

Budget ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)

LIABILITIESNON-CURRENT LIABILITIESEmployee Entitelments 194 194 194 194 194 194 194 194 194 194 194Provisions 14,000 22 43 68 92 117 141 165 190 214 239Derivative Financial Instruments 11,135 11,135 11,135 11,135 11,135 11,135 11,135 11,135 11,135 11,135 11,135Borrowings 286,258 281,040 308,562 276,197 278,087 302,296 303,528 287,341 297,331 276,136 306,596Total Non-Current Liabilities 311,587 292,391 319,934 287,594 289,508 313,742 314,998 298,835 308,850 287,679 318,164TOTAL LIABILITIES 475,730 472,372 465,915 468,575 467,489 459,174 450,379 460,585 468,346 458,566 470,479NET ASSETS 3,208,580 3,239,373 3,271,797 3,311,141 3,360,767 3,410,073 3,466,850 3,522,550 3,582,880 3,643,669 3,704,077PUBLIC EQUITYRestricted Reserves (44,207) (52,434) (54,738) (67,511) (79,501) (80,727) (90,741) (110,946) (131,143) (141,487) (172,710)Council Created Reserves 38,432 50,011 63,729 78,458 93,491 110,420 128,903 146,786 169,423 190,405 215,387Property, Plant and Equipment Revaluation Reserve

2,420,510 2,420,510 2,420,510 2,420,510 2,420,510 2,420,510 2,420,510 2,420,510 2,420,510 2,420,510 2,420,510

Investment Property Revaluation Reserve 0 0 0 0 0 0 0 0 0 0 0Retained Earnings 793,845 821,286 842,296 879,684 926,267 959,870 1,008,178 1,066,200 1,124,090 1,174,241 1,240,890TOTAL PUBLIC EQUITY 3,208,580 3,239,373 3,271,797 3,311,141 3,360,767 3,410,073 3,466,850 3,522,550 3,582,880 3,643,669 3,704,077

293

FINANCIALS

PROSPECTIVE STATEMENT OF COMPREHENSIVE INCOME (EXCLUDING INFLATION)2011/12 All of Council

Budget ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)

OPERATING REVENUERates Revenue 98,970 104,062 106,912 109,019 110,721 112,889 113,696 115,323 117,822 119,264 121,924Other Revenue 59,389 62,776 64,313 66,146 63,677 64,082 64,415 64,917 65,888 66,569 67,684Total Operating Revenue 158,359 166,838 171,225 175,165 174,398 176,971 178,111 180,240 183,710 185,833 189,608OPERATING EXPENDITUREEmployee Benefits 34,090 36,086 36,145 34,531 34,586 34,867 34,805 35,116 35,162 35,162 35,162Depreciation and Amortisation 39,258 41,527 42,258 43,315 44,388 46,754 47,303 47,939 48,841 49,016 50,786Finance 25,801 27,470 27,385 27,545 26,784 26,538 26,287 26,490 27,352 27,235 28,494Other Expenses^ 57,045 59,763 59,964 61,805 59,528 60,107 60,443 63,849 61,695 62,111 62,811Total Council Operating Expenditure 156,194 164,846 165,752 167,196 165,286 168,266 168,838 173,394 173,050 173,524 177,253NET SURPLUS (DEFICIT) BEFORE ASSET DEVELOPMENT REVENUE

2,165 1,992 5,473 7,969 9,112 8,705 9,273 6,846 10,660 12,309 12,355

ASSET DEVELOPMENT Development Contributions 11,503 11,632 15,054 19,406 19,813 23,867 24,737 25,336 25,338 26,305 30,925Capital Gain on Asset Sales and Revaluations 0 0 0 0 0 0 0 0 0 0 0Assets Vested to Tauranga City Council 12,183 17,168 11,897 11,967 20,700 16,734 22,765 23,517 24,332 22,176 17,126Assets Vested to Other Entities 0 0 0 0 0 0 0 0 0 0 0Total Asset Development Revenue 23,686 28,800 26,951 31,373 40,513 40,601 47,502 48,853 49,670 48,481 48,051SURPLUS BEFORE TAXATION 25,851 30,792 32,424 39,342 49,625 49,306 56,775 55,699 60,330 60,790 60,406Taxation Expense 0 0 0 0 0 0 0 0 0 0 0NET SURPLUS AFTER TAXATION 25,851 30,792 32,424 39,342 49,625 49,306 56,775 55,699 60,330 60,790 60,406OTHER COMPREHENSIVE INCOMENet Impact of revaluations on revaluation reserve*

608,031 0 0 0 0 0 0 0 0 0 0

Taxation on other comprehensive income 0 0 0 0 0 0 0 0 0 0 0Total Other Comprehensive Income 608,031 0 0 0 0 0 0 0 0 0 0TOTAL COMPREHENSIVE INCOME FOR YEAR

633,882 30,792 32,424 39,342 49,625 49,306 56,775 55,699 60,330 60,790 60,406

^ Other expenses includes administration, consultancy, electricity, repairs and maintenance, etc.

* Movement in revaluation reserve relates to a prior year revaluation not included in the original budget. This movement was predominately due to a large movement in the value of land under roads.

For further details see the 2010 Annual Report.


PROSPECTIVE STATEMENT OF CHANGES IN EQUITY (EXCLUDING INFLATION)2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)

EQUITY AT THE START OF THE YEAR 2,574,996 3,208,580 3,239,373 3,271,798 3,311,148 3,360,772 3,410,078 3,466,852 3,522,553 3,582,883 3,643,673Total Comprehensive Income 633,882 30,793 32,425 39,350 49,625 49,306 56,774 55,701 60,330 60,790 60,407Taxation on Equity 0 0 0 0 0 0 0 0 0 0 0Other Adjustments* (298) 0 0 0 0 0 0 0 0 0 0Movements in Equity for the Year 633,584 30,793 32,425 39,350 49,625 49,306 56,774 55,701 60,330 60,790 60,407EQUITY AT THE END OF THE YEAR 3,208,580 3,239,373 3,271,798 3,311,148 3,360,772 3,410,078 3,466,852 3,522,553 3,582,883 3,643,673 3,704,080COMPONENTS OF EQUITYRestricted ReservesReserves at the beginning of the year 12,699 (44,207) (52,434) (54,738) (67,511) (79,501) (80,727) (90,741) (110,946) (131,143) (141,487)Net Transfers (to)/from Retained Earnings (56,906) (8,227) (2,304) (12,773) (11,990) (1,226) (10,014) (20,206) (20,197) (10,344) (31,223)Restricted Reserves at the end of the year (44,207) (52,434) (54,738) (67,511) (79,501) (80,727) (90,741) (110,946) (131,143) (141,487) (172,710)Council Created ReservesReserves at the beginning of the year 27,531 38,432 50,011 63,727 78,459 93,491 110,421 128,903 146,787 169,424 190,406Net Transfers (to)/from Retained Earnings 10,901 11,578 13,717 14,732 15,032 16,930 18,482 17,884 22,637 20,982 24,981Council Created Reserves at the end of the year

38,432 50,011 63,727 78,459 93,491 110,421 128,903 146,787 169,424 190,406 215,388

Property, Plant and Equipment Revaluation ReservesReserves at the beginning of the year 1,812,479 2,420,511 2,420,511 2,420,511 2,420,511 2,420,511 2,420,511 2,420,511 2,420,511 2,420,511 2,420,511Share of Other Comprehensive Income 608,032 0 0 0 0 0 0 0 0 0 0Net Transfers (to)/from Retained Earnings 0 0 0 0 0 0 0 0 0 0 0Property, Plant and Equipment Revaluation Reserves at the end of the year

2,420,511 2,420,511 2,420,511 2,420,511 2,420,511 2,420,511 2,420,511 2,420,511 2,420,511 2,420,511 2,420,511

Retained EarningsReserves at the beginning of the year 722,287 793,844 821,286 842,298 879,690 926,272 959,873 1,008,180 1,066,202 1,124,092 1,174,243Surplus/(Deficit) after Taxation for the Year 25,851 30,793 32,425 39,350 49,625 49,306 56,774 55,701 60,330 60,790 60,407Net Transfers (to)/from Reserves 46,005 (3,351) (11,413) (1,958) (3,043) (15,704) (8,467) 2,321 (2,440) (10,638) 6,241Investment property reclassification 0 0 0 0 0 0 0 0 0 0 0Other Adjustments^ -298 0 0 0 0 0 0 0 0 0 0Retained Earnings at the end of the year 793,844 821,286 842,298 879,690 926,272 959,873 1,008,180 1,066,202 1,124,092 1,174,243 1,240,892EQUITY AT END OF THE YEAR 3,208,581 3,239,374 3,271,799 3,311,149 3,360,773 3,410,079 3,466,853 3,522,554 3,582,884 3,643,674 3,704,081* Movement in revaluation reserve relates to a prior year revaluation not included in the original budget. This movement was predominately due to a large movement in the value of land under roads.

^ Other adjustments relate to a prior year adjustment due to a change in the assumptions surrounding Te Tumu.

For further details see the 2010 Annual Report.

FINANCIALS

295

STATEMENT OF CASH FLOWS (EXCLUDING INFLATION)2011/12 All of Council

Budget ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)


Forecast ($000’s)

CASH FLOWS FROM OPERATING ACTIVITIESRates 97,553 102,454 105,304 107,411 109,113 111,281 112,087 113,714 116,213 117,636 120,296 Grants and Subsidies 8,011 8,205 8,330 10,892 7,902 7,514 7,505 7,530 7,544 7,564 7,582 User Charges and Fees 61,882 64,241 69,057 72,703 73,623 78,450 79,641 80,697 81,631 83,235 88,924 Interest Received 996 1,963 1,980 1,964 1,965 1,985 2,005 2,028 2,051 2,077 2,104 Dividends and Subventions Received 0 0 0 0 0 0 0 0 0 0 0Deposits Received 0 0 0 0 0 0 0 0 0 0 0Total Operating Cash Provided 168,442 176,863 184,671 192,970 192,603 199,230 201,238 203,969 207,439 210,512 218,906 Payments to Suppliers and Employees 88,322 94,220 91,692 94,703 92,482 93,342 93,614 97,332 95,222 95,623 96,321 Interest on Loans 25,801 27,470 27,384 27,545 26,784 26,538 26,287 26,490 27,352 27,235 28,494 Payments to/on Behalf of Other Authorities 0 0 0 0 0 0 0 0 0 0 0Deposits Repaid 0 0 0 0 0 0 0 0 0 0 0Goods and Services tax (net) 0 0 0 0 0 0 0 0 0 0 0Total Operating Cash Applied 114,123 121,690 119,076 122,248 119,266 119,880 119,901 123,822 122,574 122,858 124,815 NET CASH FLOWS FROM OPERATING ACTIVITIES

54,319 55,173 65,595 70,722 73,337 79,350 81,337 80,147 84,865 87,654 94,091

CASH FLOWS FROM INVESTING ACTIVITIESShort-Term Deposits Maturing 161,108 161,108 161,108 161,108 161,108 161,108 161,108 161,108 161,108 161,108 161,108 Realisation of Investments (7,020) 5,942 (3,200) (1,259) (1,329) (1,410) (1,505) (1,614) (1,870) (2,155) (2,473)Proceeds from sale of property, plant and equipment

110 7,060 7,095 7,153 4,033 2,939 2,860 76 88 - 159

Total Investing Cash Provided 154,198 174,110 165,003 167,002 163,812 162,637 162,463 159,570 159,326 158,953 158,794 Short-Term Deposits Invested 161,108 161,108 161,108 161,108 161,108 161,108 161,108 161,108 161,108 161,108 161,108 Acquisition of Investments 0 0 0 0 0 0 0 0 0 0 0Purchase of property, plant and equipment 73,599 74,495 65,011 79,250 74,931 72,538 73,872 88,791 90,817 75,695 103,664 Total Investing Cash Applied 234,707 235,603 226,119 240,358 236,039 233,646 234,980 249,899 251,925 236,803 264,772 NET CASH FLOWS FROM INVESTING ACTIVITIES

(80,509) (61,493) (61,116) (73,356) (72,227) (71,009) (72,517) (90,329) (92,599) (77,850) (105,978)

CASH FLOWS FROM FINANCING ACTIVITIESLoans Raised 89,940 120,466 121,285 96,406 127,629 117,398 84,370 93,321 117,242 97,450 130,532 Total Financing Cash Provided 89,940 120,466 121,285 96,406 127,629 117,398 84,370 93,321 117,242 97,450 130,532 Loans Repaid 62,040 115,845 125,763 93,771 128,738 125,738 93,189 83,138 109,507 107,253 118,644 Total Financing Cash Applied 62,040 115,845 125,763 93,771 128,738 125,738 93,189 83,138 109,507 107,253 118,644 NET CASH FLOWS FROM FINANCING ACTIVITIES

27,900 4,621 (4,478) 2,635 (1,109) (8,340) (8,819) 10,183 7,735 (9,803) 11,888

NET INCREASE/(DECREASE) IN CASH 1,710 (1,699) 1 1 1 1 1 1 1 1 1PLUS OPENING CASH 75 1,785 86 87 88 89 90 91 92 93 94 CLOSING CASH POSITION 1,785 86 87 88 89 90 91 92 93 94 95

FINANCIALS


PROSPECTIVE COST OF SERVICE STATEMENT OPERATIONAL EXPENDITURE SUMMARY (EXCLUDING INFLATION)2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)

DELIVERY Roading 31,797 32,557 33,453 34,634 36,664 38,050 38,995 40,123 41,699 43,419 44,603 Airport 2,676 2,928 3,126 3,161 3,152 3,150 3,254 3,472 3,759 3,724 3,776 Indoor Space & Active Living 6,093 7,205 7,136 7,059 7,059 6,855 6,825 6,743 6,867 6,396 6,093 Open Space 17,316 17,676 17,577 17,457 17,312 17,426 17,111 16,676 16,652 16,630 16,681 Community Property Services 4,144 4,423 4,566 4,620 4,836 4,761 4,740 4,889 4,887 5,084 4,912 Aquatic 2,413 2,626 2,804 2,867 2,957 3,041 3,046 3,286 3,252 3,198 3,154 Wastewater 19,043 19,068 19,655 23,440 20,883 22,573 23,266 26,243 23,433 23,432 23,950 Water Supply 18,393 17,288 17,327 17,535 17,696 18,089 18,608 18,882 18,985 18,957 20,124 Stormwater 13,250 12,953 13,400 13,926 14,717 15,169 15,647 16,223 16,445 16,833 17,209 Solid Waste 2,926 2,885 2,888 2,839 2,924 2,934 2,957 2,991 3,010 3,027 3,046 Libraries 7,712 7,838 8,129 8,244 8,531 8,736 8,419 8,394 8,503 8,488 8,565 Venues & Events 3,233 3,483 3,466 3,474 3,481 3,472 3,438 3,444 3,408 3,401 3,456 Baypark 210 1,480 1,593 1,699 1,756 1,816 1,879 1,942 1,960 2,008 2,051 Arts & Heritage 1,681 1,749 1,730 1,723 1,822 1,720 1,718 1,718 1,716 1,716 1,717 CBD & Neighbourhood Centre Revitalisation 351 414 437 457 487 507 525 544 562 578 595 Economic Development 1,961 2,001 2,000 1,996 2,000 1,999 1,994 1,998 1,995 1,998 2,002 Environmental Policy 2,416 2,885 2,305 2,330 2,337 2,331 2,322 2,330 2,237 2,238 2,260 Environmental Planning 2,136 2,104 2,092 2,099 2,105 2,097 2,081 2,084 2,130 2,117 2,126 Building Services 4,693 4,322 4,272 3,509 3,507 3,483 3,442 3,446 3,445 3,437 3,452 Environmental Compliance & Monitoring 2,171 2,442 2,382 2,404 2,421 2,390 2,368 2,371 2,399 2,402 2,421 Animal Services 680 690 692 727 743 730 711 713 708 707 714 Civil Defence & Emergency Management 477 547 541 598 597 595 592 590 587 585 582 Customer Service Centre 3,613 4,218 4,209 2,326 2,322 2,282 2,170 2,168 2,171 2,163 2,158 City Development 2,675 2,614 2,587 2,585 2,594 2,581 2,567 2,573 2,599 2,674 2,690 Democracy & Civic Services 2,524 2,405 2,649 2,399 2,575 2,885 2,568 2,696 3,074 2,648 2,777 Support Services 24,137 24,795 24,226 23,348 23,042 22,968 22,872 22,990 23,026 23,015 23,264 TOTAL OPERATING EXPENDITURE 178,721 183,596 185,242 187,456 188,520 192,640 194,115 199,529 199,509 200,875 204,378 Head Office & Treasury (5,958) (1,574) (2,534) (3,296) (6,117) (7,421) (8,646) (9,379) (9,836) (10,926) (10,464)Non Significant Activities 3,850 3,923 3,944 3,952 3,997 4,015 4,001 4,005 4,030 4,012 4,032 Less Internal Eliminations (20,419) (21,099) (20,900) (20,916) (21,114) (20,968) (20,632) (20,761) (20,653) (20,437) (20,693)TOTAL COUNCIL EXPENDITURE 156,194 164,846 165,752 167,196 165,286 168,266 168,838 173,394 173,050 173,524 177,253 HEAD OFFICE AND TREASURY INCLUDE:

• External debt servicing

NON SIGNIFICANT ACTIVITIES INCLUDE:

• Executive Team Administration, Insurance, City Projects, City Waters Support Services

FINANCIALS

297

FINANCIALS

PROSPECTIVE COST OF SERVICE STATEMENT OPERATIONAL REVENUE SUMMARY (EXCLUDING INFLATION)2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)

DELIVERY Roading 10,847 10,520 10,579 10,713 10,747 10,842 10,912 11,015 11,108 11,571 11,668Airport 4,306 4,405 4,543 4,581 4,883 4,920 4,953 5,332 5,373 5,386 5,386Indoor Space & Active Living 15 643 643 643 643 643 643 643 643 643 643Open Space 228 228 228 228 228 228 228 228 228 228 228Community Property Services 4,894 4,859 4,913 4,960 5,048 5,072 5,096 5,120 5,144 5,168 5,193Aquatic 275 260 260 260 260 260 260 260 260 260 260Wastewater 1,167 1,154 1,171 1,190 1,216 1,241 1,265 1,290 1,303 1,316 1,329Water Supply 14,585 15,786 16,446 16,607 16,570 16,834 17,000 16,768 17,087 17,108 17,681Stormwater 18 18 18 18 18 18 18 18 18 18 18Solid Waste 881 906 906 906 906 906 906 906 906 906 906Libraries 935 811 831 839 869 904 915 927 938 950 1,021Venues & Events 1,465 1,646 1,646 1,646 1,646 1,646 1,646 1,646 1,646 1,646 1,646Baypark 210 934 1,113 1,230 1,300 1,358 1,420 1,485 1,507 1,507 1,507Arts & Heritage 60 70 70 70 70 70 70 70 70 70 70CBD & Neighbourhood Centre Revitalisation 0 0 0 0 0 0 0 0 0 0 0Economic Development 90 90 90 90 90 90 90 90 90 90 90Environmental Policy 16 14 14 14 14 14 14 14 14 14 14Environmental Planning 1,482 1,440 1,442 1,446 1,450 1,453 1,457 1,461 1,465 1,469 1,473Building Services 4,496 4,600 4,801 4,801 4,801 4,802 4,802 4,803 4,803 4,804 4,804Environmental Compliance & Monitoring 750 847 852 851 857 857 860 863 866 869 872Animal Services 734 767 774 782 793 803 814 824 835 845 856Civil Defence & Emergency Management 0 0 0 0 0 0 0 0 0 0 0Customer Service Centre 3,613 2,845 2,780 2,326 2,322 2,282 2,170 2,168 2,171 2,163 2,158City Development 1,734 1,555 1,550 1,549 1,551 1,549 1,546 1,547 1,553 1,582 1,585Democracy & Civic Services 29 29 199 29 29 199 29 29 199 29 29Support Services 19,692 20,379 20,217 19,736 19,851 19,796 19,665 19,878 19,988 20,032 20,544TOTAL OPERATING REVENUE 72,522 74,806 76,086 75,515 76,162 76,787 76,779 77,385 78,215 78,674 79,981Head Office & Treasury 304 1,919 1,801 1,723 1,706 1,729 1,749 1,772 1,796 1,821 1,845Non Significant Activities 3,312 3,419 3,442 3,450 3,494 3,513 3,501 3,505 3,516 3,501 3,520Grants Received for Capital Expenditure 3,480 3,761 3,873 6,363 3,418 3,012 3,012 3,012 3,012 3,012 3,012Less Internal Eliminations (20,229) (21,129) (20,889) (20,905) (21,103) (20,959) (20,626) (20,757) (20,651) (20,439) (20,674)TOTAL REVENUE BEFORE ASSET DEVELOPMENT REVENUE

59,389 62,776 64,313 66,146 63,677 64,082 64,415 64,917 65,888 66,569 67,684

This excludes Rates, Internal Interest and Asset Development Revenue

NON SIGNIFICANT ACTIVITIES INCLUDE:

• Executive Team Administration, Insurance, City Projects, Plant Operating, City Waters Support Services


NOTE 1: STATEMENT OF ACCOUNTING POLICIES

REPORTING ENTITY

Tauranga City Council is a local authority under Schedule 2, Part 2, of the Local Government Act 2002 and is domiciled in New Zealand.

Council has not presented group prospective financial statements because it believes that the parent prospective financial statements are more relevant to users. The main purpose of the prospective financial statements in the Ten Year Plan is to provide users with information about the changes that have been made to the Ten Year Plan for the financial years under review and as a consequence, how much Council requires by way of rates to fund any changes. The information in these prospective financial statements may not be appropriate for purposes other than those described. The level of rates funding required is not affected by subsidiaries except to the extent that Council obtains distribution from, or further invests in, those subsidiaries. Such effects are included in the prospective financial statements of the Council.

The primary objective of Tauranga City Council is to provide goods and services for the community for social benefit, rather than making a financial return. Accordingly, Tauranga City Council has designated itself as a public benefit entity for the purposes of New Zealand equivalent to International Financial Reporting Standards (NZ IFRS).

BASIS OF PREPARATION

Statement of compliance

The financial statements of Tauranga City Council have been prepared in accordance with the requirements of the Local Government Act 2002, Part 6 Section 93 and Part 1 of Schedule 10, which includes the requirement to comply

with New Zealand Generally Accepted Accounting Practice (NZ GAAP) with the exception of the Funding Impact Statements (FIS).

The financial statements comply with NZ FRS 42 as appropriate to public benefit entities.

In September 2011, the External Reporting Board issued a position paper and consultation papers proposing a new external reporting framework for public benefit entities (PBEs). The papers proposed that accounting standards for PBEs would be based on International Public Sector Accounting Standards, modified as necessary. The proposals in these papers do not provide certainty about any specific requirements of future accounting standards. Therefore, the accounting policies on which the forecast information for 2012-22 has been prepared are based on the current New Zealand equivalents to International Financial Reporting Standards.

The accounting policies set out below have been applied consistently to all periods presented in these financial statements.

Measurement base

The financial statements have been prepared on a historical cost basis, modified by the revaluation of land and buildings, all infrastructural assets, investment property, forestry assets, airport assets, library books and certain financial instruments (including derivative instruments).

Functional and presentational currency

The financial statements are presented in New Zealand dollars and all values are rounded to the nearest thousand dollars ($’000). The functional currency of Tauranga City Council is New Zealand dollars.

Changes in accounting policies

There were no changes in accounting policy other than the adoption of the New Zealand equivalent to IFRS.

ACCOUNTING POLICIES

The following accounting policies, which materially effect the measurement of surplus and the financial position, have been applied consistently to all years presented.

REVENUE

Revenue is measured at fair value of the consideration received or receivable.

Rates revenue

• Rates are set annually by resolution from Tauranga City Council and relate to a financial year. All ratepayers are invoiced within the financial year to which the rates are set. Rating revenue is recognised when payable.

Government Grants

• Government grants are recognised as revenue upon entitlement, as conditions pertaining to eligible expenditure have been fulfilled.

New Zealand Transport Authority (NZTA)

Local Roads Funding

• New Zealand Transport Authority (NZTA) subsidies are received from NZTA for local transportation capital and operational expenditure. These subsidies are recognised as revenue when claims are made to NZTA for reimbursement.

State Highway Funding

• Tauranga City Council performs certain roading works pertaining to state highways on behalf of NZTA. The arrangement for the majority of this work ceased at

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30 June 2010, but Tauranga City Council continues to perform works relating to traffic signals and street lights pertaining to state highways on behalf of NZTA. Neither the costs nor recoveries related to this work are included in the surplus or deficit (with the exception of an administration fee).

Water-by-Meter

• Water-by-meter revenue is determined on the basis of actual amounts billed to the customer during the year as determined by meter readings with an accrual for unbilled sales.

Traffic and parking revenue

• Traffic and parking revenue is recognised when tickets are issued. Fifty percent of warrant and registration fees are held in reserve for payment to central government.

Grants and Subsidies

• Grants and subsidies are recognised as revenue when they become receivable, unless there is an obligation to return the funds if the conditions of the grant or subsidy are not met. If there is such a condition, the grants or subsidies are initially recorded as grants or subsidies received in advance and recognised as revenue when the condition of the grant or subsidy is satisfied.

Dividends

• Dividends are recognised as revenue when the right to receive payment is established.

Interest Income

• Interest income is recognised using the effective interest rate method. Interest income on an impaired financial asset is recognised using the original effective interest rate.

Sales of Goods

• Revenue from the sale of goods is recognised when the product is sold to the customer.

User Fees and Charges

• User fees and charges are recognised on the basis of actual services provided; any fees and charges received in advance are recognised as unearned income.

Consent Fees

• Consent fees are recognised on the basis of actual services provided.

Lease Revenue

• Lease revenue is recognised on a straight line basis over the term of the lease.

Vested Assets

• Where a physical asset is gifted or acquired by Tauranga City Council for nil or nominal value, the fair value of the asset received is recognised as revenue. Such assets are recognised as revenue when control of the asset is obtained. (S 224, Resource Management Act 1991).

Development Contributions

• Development contributions and financial contributions are recognised as revenue when Tauranga City Council provides, or is able to provide, the service that gave rise to the contribution charge.

Agencies

• Bay of Plenty Regional Council (BOPRC): Tauranga City Council collects rating revenue on behalf of Bay of Plenty Regional Council on an ongoing basis. This income is not included in the surplus or deficit as it does not belong to Tauranga City Council

• Mainstreet: Tauranga City Council collects rating revenue on behalf of Mainstreet Tauranga, Mainstreet Greerton and Mainstreet Mount Maunganui on an ongoing basis. This income is not included in the surplus or deficit as it does not belong to Tauranga City Council.

PROSPECTIVE FINANCIAL INFORMATION

The financial information contained within this document is prospective financial information in terms of accounting standard FRS42 as appropriate for public benefit entities. The purpose for which it has been prepared is to enable ratepayers, residents and any other interested parties to obtain information about the expected future financial performance, position and cashflow of Tauranga City Council.

The actual results achieved for any particular financial year, are also likely to vary from information presented and may vary materially, depending on the circumstances that arise during the period.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Where estimates change future years budgets will be updated via the Annual Plan process.

SIGNIFICANT FORECASTING ASSUMPTIONS AND RISKS

In preparing these prospective financial statements, Council has made estimates and assumptions concerning the future. These estimates and assumptions may differ from the subsequent actual results. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations or

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future events that are believed to be reasonable under the circumstances.

• Dollars All amounts are in New Zealand dollars.

• Nature of Business It is assumed there will be no changes in the nature of Tauranga City Council’s business over the period of the Long Term Plan (LTP).

• Growth Projections have been made about City growth which influence financial estimates including Development Contributions received, vested assets and building consents granted. Growth rates differing from these assumptions will impact on both revenue and expenditure results.

• Risk There is no material risk underlying the forecast financial estimates, apart from the effect on revenue and expenditure of the assumptions listed.

• Inflation Inflation has been included in the financial statements. For the purpose of the LTP, all numbers are input in 2013 dollars. The inflation rates used are the BERL estimates outlined in our Significant Assumptions section. Supplementary accounts have been included in 2011/12 dollars.

CONSTRUCTION CONTRACTS

Contract costs include all costs directly related to specific contracts, costs that are specifically chargeable to the customer under the terms of the contract, and an allocation of overhead expenses incurred in connection with the group’s construction activities in general.

BORROWING COSTS

Tauranga City Council have elected not to adopt the revised NZ IAS 23 Borrowing Costs (Revised 2007) in accordance with the provisions of NZ IAS 23 that are applicable to public benefit entities.

Accordingly all borrowing costs are recognised as an expense in the period in which they were incurred.

GRANT EXPENDITURE

Non-discretionary grants are those grants that are awarded if the grant application meets the specified criteria and are recognised as expenditure when a successful application that meets that specified criteria for the grant has been received.

Discretionary grants are those grants where the Tauranga City Council has no obligation to award on receipt of the grant application and are recognised as expenditure when a successful applicant has been notified of the Tauranga City Council’s decision.

FOREIGN CURRENCY TRANSACTIONS

Foreign currency transactions (including those for which forward foreign exchange contracts are held) are translated into NZ$ (the functional currency) using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the surplus or deficit.

INCOME TAX

All taxes are fully provided for in Consolidated Accounts. This is not included in the Long Term Plan as this plan is for Tauranga City Council only.

Income tax charged to the Statement of Financial Performance includes both current and deferred tax and is

calculated after allowing for permanent differences.

The liability method of accounting for tax is applied on a comprehensive basis. A debit balance in the deferred tax account, arising from timing differences or income tax benefits from income tax losses, is only recognised if realisation is probable.

LEASES

Finance Leases

A finance lease is a lease that transfers to the lessee substantially all the risks and benefits incidental to the ownership of an asset, whether or not title is eventually transferred.

At the commencement of the lease term, Tauranga City Council recognises finance leases as assets and liabilities in the Statement of Financial Position at the lower of the fair value of the leased item or the present value of the minimum lease payments.

The finance charge is charged to the surplus or deficit over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability.

The amount recognised as an asset is depreciated over its useful life. If there is no certainty as to whether Tauranga City Council obtains ownership at the end of the lease term, the asset is fully depreciated over the shorter of the lease term or its useful life.

Operating Leases

An operating lease is a lease that does not transfer substantially all the risks and benefits of ownership of the leased item to the lessee.

Lease payments under an operating lease are recognised as expenses in the surplus or deficit on a straight-line basis over the lease term.

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CASH AND CASH EQUIVALENTS

Cash and cash equivalents includes cash on hand, deposits held on call with banks and other short-term highly liquid investments with original maturities of three months.

DEBTORS AND OTHER RECEIVABLES

Debtors and other receivables are included at their net realisable value after deduction of a provision for doubtful debts.

The provision for doubtful debts is based on expected losses for Tauranga City Council’s pool of debtors. Expected losses are determined by using an analysis of Tauranga City Council’s losses in previous periods and a review of specific debtors.

The carrying amount of the asset is reduced through the use of an allowance account and the amount of the loss is recognised in the surplus or deficit. When the receivable is uncollectable, it is written off against the allowance account. Overdue receivables that have been renegotiated are reclassified as current. (I.e. not past due).

DERIVATIVE FINANCIAL INSTRUMENTS

Tauranga City Council uses derivative financial instruments to manage exposure to interest rate risk arising from investing and financing activities. In accordance with its Treasury Policy, Tauranga City Council does not hold or issue derivative financial instruments for trading purposes. Tauranga City Council has not adopted hedge accounting.

Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at fair value at each balance date with the resulting gain or loss recognised in the surplus or deficit.

The portion of the fair value of an interest rate derivative that is expected to be realised within 12 months of the balance

date is classified as current, with the remaining portion of the derivative classified as non-current.

Gains or losses in fair value and those resulting from re-measuring are recognised in the surplus or deficit.

OTHER FINANCIAL ASSETS

Financial assets are initially recognised at fair value plus transaction costs; unless they are carried at fair value through surplus and deficit in which case the transaction costs are recognised in surplus or deficit.

The purchase and sale of financial assets are recognised at trade-date, the date on which Tauranga City Council commits to purchase or sell the asset. Financial assets are de-recognised when the rights to receive cash flows from the financial assets have expired or have been transferred and Tauranga City Council have transferred substantially all the risks and rewards of ownership.

Tauranga City Council classify its financial assets into the following categories; fair value through surplus or deficit, or loans and receivables. The classification depends on the purpose for which the investments were acquired. Management determines the classification of its investments at initial recognition.

Fair value through surplus or deficit

Financial assets at fair value through surplus or deficit include financial assets held for trading. A financial asset is classified in this category if acquired principally for the purpose of selling in the short-term or if it is part of a portfolio of identified financial instruments that are managed together and for which there is evidence of short-term profit taking. Derivatives are also categorised as held for trading unless they are designated into a hedge accounting relationship for which hedge accounting is applied.

Financial assets acquired principally for the purpose of

selling in the short-term or part of a portfolio classified as held for trading are classified as a current asset. The current/non-current classification of derivatives is explained in the derivatives accounting policy above.

After initial recognition, financial assets in this category are measured at their fair values with gains or losses on re-measurement recognised in the surplus or deficit.

Generally, financial assets (excluding investments in subsidiaries and associates) are held to maturity.

Loans and receivables

Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. They are included in current assets, except for maturities greater than 12 months after the balance date, which are included in non-current assets. Tauranga City Council loans and receivables comprise debtors and other receivables, term deposits and related party loans.

After initial recognition they are measured at amortised cost using the effective interest rate method less impairment. Gains and losses when the asset is impaired or derecognised are recognised in the surplus or deficit.

Loans to community organisations made at nil or below-market interest rates are initially recognised at cost, or at the present value of its expected future cash flows, discounted at the current market rate of return for a similar financial instrument. Depending on the circumstances and provisions of each loan, the loans are subsequently:

a. Amortised over the period of the loan, provided the conditions of the loan are met. The amortised cost is recognised in surplus or deficit as a grant

b. The loan is paid off by the loan recipient in annual instalments

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c. The loan is subsequently measured at amortised cost using the effective interest rate method. The difference between the face value and present value of the expected future cash flows of the loan is recognised in the surplus or deficit as interest.

IMPAIRMENT OF FINANCIAL ASSETS

Financial assets are assessed for objective evidence of impairment at each balance date. Impairment losses are recognised in the surplus or deficit.

Loans and receivables

Impairment is established when there is objective evidence that Tauranga City Council will not be able to collect amounts due according to the original terms of the debt. Significant financial difficulties of the debtor, probability that the debtor will enter into bankruptcy and default on the payments are considered indicators that the asset is impaired. The amount of the impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted using the original effective interest rate. For debtors and other receivables, the carrying amount of the asset is reduced through the use of an allowance account and the amount of the loss is recognised in the surplus or deficit. When the receivable is uncollectible, it is written-off against the allowance account. Overdue receivables that have been renegotiated are reclassified as current (that is not past due). Impairment in term deposits and community loans is recognised directly against the instrument’s carrying value.

INVENTORY

Inventories (such as spare parts and other items) held for distribution or consumption in the provision of services that are not supplied on a commercial basis are measured at cost, adjusted when applicable, for any loss of service

potential. The loss of service potential of inventory held for distribution is determined on the basis of obsolescence. Where inventories are acquired at no cost or for nominal consideration, the cost is the current replacement cost at the date of acquisition.

Inventories held for use in the production of goods and services on a commercial basis are valued at the lower of cost and net realisable value. The cost of the purchased inventory is determined using the first-in-first-out method.

The amount of any write-down for the loss of service potential or from cost to net realisable value is recognised in the surplus or deficit in the period of the write-down.

ASSETS HELD FOR SALE

Non-current assets held for sale are classified as held for sale if their carrying amount will be recovered principally through a sale transaction rather than through continuing use. Properties intended for sale are measured at the lower of carrying amount and fair value less costs to sell. Interest and other expenses relating to the liabilities of properties held for sale continue to be recognised.

Non-current assets held for sale are classified as held for sale if they meet all of the following conditions:

• Their carrying amount will be recovered principally through a sale transaction and not through continuing use

• The intention is to sell them within 12 months of the end of year

• They are being actively marketed or their sale is under negotiation.

Any impairment losses for write-downs of non-current assets held for sale are recognised in the surplus or deficit.

Any increases in fair value (less costs to sell) are recognised

up to the level of any impairment losses that have been previously recognised.

Non-current assets (including those that are part of a disposal group) are not depreciated or amortised while they are classified as held for sale.

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of:

• Infrastructural Assets Infrastructural assets are the fixed utility systems owned by Tauranga City Council. Each asset type includes all items that are required for the network to function, e.g. wastewater reticulation includes reticulation piping and wastewater pump stations

• Restricted Assets Restricted assets are buildings, parks and reserves owned by Tauranga City Council which cannot be disposed of because of legal or other restrictions, and provide a benefit or service to the community

• Other Assets Other assets include land, buildings, plant, library books, artefacts, equipment and motor vehicles.

Property, plant and equipment are shown at cost or valuation, less accumulated depreciation and impairment losses.

Revaluation

Those asset classes that are revalued are valued on a three yearly valuation cycle as described below. Where the fair value of an asset can be determined by reference to the price in an active market for the same asset or a similar asset, the fair value of the asset is determined using this information. Where fair value of the asset is not able to be reliably determined using market-based evidence,

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depreciated replacement cost is considered to be the most appropriate basis for determination of the fair value. All other asset classes are carried at depreciated historical cost.

The carrying values of all assets not revalued in any year are reviewed at each balance date to ensure that those values are not materially different to fair value. If there is a material difference, then off-cycle asset classes are revalued.

Assets acquired or constructed after the last revaluation are carried at cost less accumulated depreciation.

Tauranga City Council accounts for revaluations of property, plant and equipment on a class of asset basis.

Net revaluation results are credited or debited to other comprehensive income and are accumulated to an asset revaluation reserve in equity for that class of asset. Where this would result in a debit balance in the asset revaluation reserve, this balance is not recognised in other comprehensive income but is recognised in the surplus or deficit. Any subsequent increase on revaluation that reverses a previous decrease in value recognised in the surplus or deficit will be recognised first in the surplus or deficit up to the amount previously expensed and then recognised in other comprehensive income.

For the purposes of the Ten Year Plan asset revaluations are based upon movements in the Local Government Cost Index.

Additions

The cost of an item of property plant and equipment is recognised as an asset if, and only if, it is probable that future economic benefits or service potential associated with the item will flow to Tauranga City Council and the cost of the item can be measured reliably.

Costs incurred subsequent to initial recognition are

capitalised only when it is probable that future economic benefits or service potential associated with the item will flow to Tauranga City Council and the cost of the item can be measured reliably.

In most cases an item of property plant and equipment is initially recognised at its cost. Where an asset is acquired at no cost, or for a nominal cost, it is recognised at fair value as at the date of acquisition.

Work in progress is recognised at cost less impairment and is not depreciated.

Disposals

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount of the asset. Gains and losses on disposal are included in the surplus or deficit. When revalued assets are sold, the amounts included in the asset revaluation reserves in respect of those assets are transferred to retained earnings.

SUBSEQUENT COSTS

The cost of day-to-day servicing of property, plant and equipment are recognised in the surplus or deficit as they are incurred.

DEPRECIATION

All assets are depreciated over their expected useful lives. Depreciation is provided on a straight line (SL) or diminishing value (DV) basis, at rates calculated to allocate the asset cost less estimated residual value over the estimated useful life. When assets are revalued, depreciation rates are overridden by the new annual depreciation rates which may be outside the range for the class of asset to accurately reflect the useful life of the asset.

The residual life and useful life of an asset is reviewed and adjusted at each financial year end, if applicable.

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The useful lives of classes of property plant and equipment have been estimated as follows:

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Useful Life (Years)

Depreciation Method

Restricted Assets

Land N/A N/A

Buildings 50-100 SL

Improvements 10-25 SL

Other Assets

Artefacts N/A N/A

Computer Equipment 2.5-4 SL

Motor Vehicles 5-10 DV

Office Equipment 5-10 SL

Other Plant and Equipment 8-20 SL

Library Books 1-10 SL

Infrastructural Assets

Water Reticulation

Freshwater Pipe work 50-100 SL

Freshwater Pump stations

Mechanical Plant 1-20 SL

Electrical & Control Equipment 1-20 SL

Structural & Buildings 30-70 SL

Pipe work & Valves 10-50 SL

Generator Set 1-20 SL

Freshwater Treatment Plants



Structural & Buildings 30-70 SL


Generator Set 1-20 SL

Freshwater Reservoirs

Reservoirs & Foundation 30-70 SL

Pipe work Valves & Connections 15-50 SL

Telemetry & Controls 1-10 SL

Useful Life (Years)

Depreciation Method

Infrastructural Assets

Wastewater Reticulation

Wastewater Pipe work 50-100 SL

Wastewater Pump Stations

Structures & Civil Works 30-70 SL

Electrical Controls & Cabling 1-20 SL

Telemetry 14-20 SL

Pumps & Motors 1-20 SL

Pipe work Valves & Connections 20-50 SL

Wastewater Treatment Plants



Structural Buildings 40-70 SL


Storm water Reticulation

Storm water Pipe work 50-100 SL

Roading Network

Roads less than 200 Vehicles per day

Formation Infinite N/A

Pavement 96-1000 SL

Surfacing 1-40 SL

Roads more than 200 Vehicles per day

Formation Infinite N/A

Pavement 1-60 SL

Surfacing 1-30 SL

Roading Reseals 8-15 SL

Infrastructural Assets – Bridges 50-70 SL

305

INTANGIBLE ASSETS

Software acquisition and development

Acquired computer software licences are capitalised on the basis of the costs incurred to acquire and bring to use the specific software.

Costs that are directly associated with the development of software for internal use by Tauranga City Council are recognised as an intangible asset.

Costs associated with maintaining computer software are recognised as an expense when incurred. Staff training costs are recognised as an expense when incurred.

Easements, resource consents and rights of use.

Easements, consents and rights of use are capitalised to the asset to which they relate on the basis of the costs incurred to acquire.

Amortisation

The carrying value of an intangible asset with a finite life is amortised on a straight-line basis over its useful life. Amortisation begins when the asset is available for use and ceases at the date the asset is de-recognised. Amortisation charge for each period is recognised in the surplus or deficit.

Intangible assets capitalised to infrastructural assets are amortised at the rate of the principal asset to which they have been capitalised.

The useful lives for associated amortisation rates of major classes of intangible assets have been estimated as follows:

IMPAIRMENT OF PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS

The carrying values of assets are reviewed for impairment as part of the valuation process or when events or changes in circumstances indicate the carrying value may not be recoverable. Impairment losses are recognised in the Statement of Financial Performance.

FORESTRY ASSETS

Tauranga City Council’s plantation forest assets are not held as a biological asset but are kept primarily for conservation purposes in the vicinity of Tauranga City Council water reservoirs. These forestry assets are valued on a three year rotation.

The net revaluation results are credited or debited to other comprehensive income and are accumulated to an asset revaluation reserve in equity for that class of asset.

Forestry maintenance costs are recognised in the surplus or deficit as they are incurred.

INVESTMENT PROPERTIES

Properties leased to third parties under operating leases are classified as investment properties unless the property is held to meet service delivery objectives, rather than to earn rentals or for capital appreciation.

Properties classified as investment properties are measured initially at cost including transaction costs.

After initial recognition Tauranga City Council measures all investment property at fair value as determined annually by an independent valuer.

Gains or losses arising from a change in the fair value of investment property are recognised in the surplus or deficit.

CREDITORS AND OTHER PAYABLES

Creditors and other payables are recognised at fair value and subsequently measured at amortised cost.

BORROWINGS

Borrowings are initially recognised at their fair value. After initial recognition, all borrowings are measured at amortised cost using the effective interest rate method.

Borrowings are classified as current liabilities unless Tauranga City Council has an unconditional right to defer settlement of the liability for at least 12 months after balance date, or if the borrowings are expected to be settled within 12 months of balance date.

EMPLOYEE ENTITLEMENTS

Provision is made in respect of Tauranga City Council’s liability for salaries, wages, annual leave, long-service leave and gratuities, accrued up to balance date.

Short-term employee entitlements

Salaries, wages and annual leave that are due to be settled within 12 months after the end of the period in which the employee renders the related service are measured at nominal values based on accrued entitlements at current rates of pay.

Long-term employee entitlements

Employee entitlements are those entitlements that are due to be settled beyond 12 months after the end of the period in which the employee renders the related service, such as long service leave and retirement gratuities.

Retirement gratuities

Gratuity payments are conditions of employment grandfathered from previous employment agreements with staff. The gratuity payments are payable to the employee

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Acquired computer software 4 years 25.0%

Core systems software 4-7 years 14.3% - 25.0%

Access rights 8 -50 years 2.0% -12.0%


upon their retirement from Council in accordance with the Council’s retirement policy, or if the employee is required to retire for medical reasons earlier than the date provided under the policy. Such gratuity shall be equivalent to a prescribed number of week’s base salary. Provided that on the resignation for mutually agreed compelling reasons by the employee party to the Agreement, who has attained 60 years of age, the Council shall pay the rate of base salary for the given number of weeks in lieu to the gratuity entitlement.

Presentation of employee entitlements

Annual leave, vested long service leave, non-vested long service leave and retirement gratuities expected to be settled within 12 months of balance date, are classified as a current liability. All other employee entitlements are classified as a non-current liability.

SUPERANNUATION SCHEMES

Defined Contribution schemes

Obligations for contributions to Kiwisaver and the Government Superannuation Fund are accounted for as defined contribution superannuation schemes and are recognised as an expense in the surplus or deficit as incurred.

DEFINED BENEFIT SCHEMES

Tauranga City Council belongs to the Defined Benefit Plan Contributors Scheme (the scheme), which is managed by the Board of Trustees of the National Provident Fund. The scheme is a multi-employer defined benefit scheme.

Insufficient information is available to use defined benefit accounting, as it is not possible to determine from the terms of the scheme, the extent to which the surplus/deficit will affect future contributions by individual employers, as there is no prescribed basis for allocation. The scheme is

therefore accounted for as a defined contribution scheme.

PROVISIONS

Tauranga City Council recognises a provision for future expenditure of an uncertain amount or timing when there is a present obligation, (either legal or constructive) as a result of a past event, it is probable that expenditures will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation.

Provisions are measured at the present value of the expenditures expected to be required to settle the obligation. Provisions are not recognised for future operating losses.

FINANCIAL GUARANTEE CONTRACTS

A financial guarantee contract is a contract that requires Tauranga City Council to make specified payments to reimburse the holder for a loss it incurs because a specified debtor fails to meet a payment when due.

Financial guarantee contracts are initially recognised at fair value. If a financial guarantee contract was issued in a stand-alone arms length transaction to an unrelated party, its fair value at inception is equal to the consideration received. When no consideration is received a provision is recognised based on the probability Tauranga City Council will be required to reimburse a holder for a loss incurred discounted to present value. The portion of the guarantee that remains unrecognised, prior to discounting to fair value, is disclosed as a contingent liability.

Financial guarantees are subsequently measured at the initial recognition amount less any amortisation. However, if Tauranga City Council assesses that it is probable that expenditure will be required to settle a guarantee, then a provision for the guarantee is measured at the present value of the future expenditure.

Tauranga City Council initially recognises financial guarantees on behalf of its subsidiaries at fair value in the statement of financial position, as a liability and as an increase to the value of the investment in the subsidiary.

A guarentee of $21,000 per annum has been recognised in relation to Council’s potential exposure to funding costs in the Local Government Funding Agency. The probability of this guarentee being excercised is low.

Provision for Leaky Buildings Claims under the Financial Assistance Package

Tauranga City Council has recently become part of the Government’s Financial Assistance Package. This package provides that Government will provide 25% of the repair costs for leaky buildings, local government a further 25% (where they certified the building) with the balance being met by the homeowner. This is available for leaky buildings meeting the criteria under the scheme.

In order to reflect a provision for potential future liability an estimate has been made based upon an assessment undertaken of potential leaky buildings that may be eligible under this scheme.

EQUITY

Equity is the community’s interest in Tauranga City Council as measured by the value of total assets less total liabilities. Equity is segregated and classified into a number of reserves to enable clearer identification of the specified uses Tauranga City Council makes of its accumulated surpluses. The components of equity are:

• Retained Earnings

• Council-Created Reserves

• Property, Plant and Equipment Revaluation Reserve

• Restricted Reserves

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307

- Trusts and Bequests

- Restricted Special Funds.

Restricted and Council Created Reserves

Reserves are a component of equity generally representing a particular use for which various parts of equity have been assigned. Reserves may be legally restricted or created by Tauranga City Council.

Restricted Reserves are those reserves subject to specific conditions accepted as binding by Tauranga City Council and which may not be revised by Tauranga City Council without reference to the courts or a third party. Restricted reserves may be legally restricted (e.g. Barton Trust Funds Reserve). Transfers from these reserves may be made only for certain specified purposes or if certain specified conditions are met.

Council-Created Reserves are part of the accumulated balance and are established at the will of Tauranga City Council (e.g. Risk Management Reserve). Tauranga City Council may alter them without reference to any third party or the courts. Transfers to and from these reserves are at the discretion of Tauranga City Council.

Asset Revaluation Reserve: This reserve relates to the revaluation of property, plant and equipment to fair value.

GOODS AND SERVICES TAX

All items in the financial statements are stated exclusive of goods and services tax (GST), with the exception of trade and other receivables and creditors and other payables, which are presented on a GST inclusive basis. When GST is not recoverable as input tax, it is recognised as part of the related asset or expense.

The net amount of GST recoverable from, or payable to the Inland Revenue Department (IRD) is included as part

of receivables or payables in the statement of financial position.

The net GST paid to, or received from the IRD, including GST relating to investing and financing activities, is classified as a net operating cash flow in the statement of cash flows.

COST OF SERVICE STATEMENTS

The cost of service statements reports the net cost of service and capital for each significant activity. The net cost is the significant activity’s cost of providing the service less revenue collected by the activity. Operational funding and capital funding is also reported.

Overhead Allocation

Support services net costs have been charged to each significant activity. These overheads have been allocated by determining the most appropriate basis e.g. staff numbers, floor space used etc, applicable to the service provided to each significant activity.

Internal Transactions

Each significant activity is stated after the recording of internal costs and revenues. In order to present a true and fair view in the cost of services statements of Tauranga City Council these transactions have not been eliminated. This method has no effect on the operating result for the year. All significant transactions have been eliminated in the financial statements.

CASHFLOW STATEMENT

The following definitions have been used for the preparation of the Statement of Cash Flows:

Cash – Coins, notes, demand deposits, or highly liquid investments for which there is a recognised ready market and which are unconditionally convertible to coins and

notes at Council’s option, within 3 months or less and which Council regards as part of its day-to-day cash management.

Operating Activities – Transaction and other events that are not investing or financial activities.

Financial Activities – Activities which result in changes in the size and composition of the capital structure of Council, both equity and debt not falling within the definition of cash.

CRITICAL ACCOUNTING ESTIMATES AND ASSUMPTIONS

In preparing these prospective financial statements Tauranga City Council has made estimates and assumptions concerning the future. These estimates and assumptions may differ from the subsequent actual results. Estimates and assumptions are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.

FOREIGN EXCHANGE POLICY

Council has foreign exchange exposure through the occasional purchase of foreign exchange-denominated plant and equipment.

Generally, all significant commitments for foreign exchange are hedged using foreign exchange contracts, once expenditure is approved. Both spot and forward foreign exchange contracts are used by Council.

REVENUE AND FINANCING POLICY

This Revenue and Financing Policy outlines the funding sources of Council activities. Tauranga City Council undertook a review of all its activities to determine the most appropriate funding source for these activities that complies with applicable legislation and generally accepted

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accounting practice. Effective financial management promotes the current and future benefits of the community. Assessment of appropriate funding sources takes into account impacts on community, economic, social, cultural and environmental wellbeing.

TREASURY POLICY

Council adopted the Treasury Policy in March 2012. This policy provides the policy framework for all Council’s treasury activities and defines the operating framework within which borrowing, investments and risk management activities are to be carried out.

BORROWING POLICY

Borrowings are initially recognised at their fair value. After initial recognition, all borrowings are measured at amortised cost using the effective interest rate method. Net debt to operating revenue is shown in the Our Council section of this document.

BORROWING COSTS

Borrowing costs are recognised as an expense in the period in which they are incurred.

LANDFILL POST-CLOSURE COSTS

As operator of the Cambridge Road and Te Maunga landfills, Council has a legal obligation to provide ongoing maintenance and monitoring services at the landfill sites after closure.

PUBLIC EQUITY

Public equity is the community’s interest in Council as measured by the value of total assets less total liabilities. Public equity is segregated and classified into a number

of reserves to enable clearer identification of the specified uses Council makes of its accumulated surpluses. The components of public equity are:

• General Reserve

- Accumulated Surplus

• Council-Created Reserves

- Asset Revaluation Reserve

• Restricted Reserves

- Trusts and Bequests

- Sinking Funds

- Restricted Special Funds

RESTRICTED AND COUNCIL CREATED RESERVES

Reserves are a component of equity generally representing a particular use for which various parts of equity have been assigned. Reserves may be legally restricted or created by Council.

Restricted Reserves are those reserves subject to specific conditions accepted as binding by Council and which may not be revised by Council without reference to the courts or third party. Restricted reserves may be legally restricted (e.g. Barton Trust Fund Reserve). Transfers from these reserves may be made only for certain specified purposes or if certain specified conditions are met.

Council-Created Reserves are part of the accumulated balance and are established at the will of Council (e.g. Risk Management Reserve). Council may alter them without reference to any third party or the courts. Transfers to and from these reserves are at the discretion of Council.

GOODWILL

Goodwill is fully amortised at date of acquisition.

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309

FINANCIALS

FUNDING IMPACT STATEMENT FOR THE LONG TERM PLAN (2012-22) (INCLUDING INFLATION)

WHOLE OF COUNCIL

2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)

Sources of Operating FundingGeneral rates, uniform annual general charge, rates penalties

98,846 103,977 110,171 115,759 121,295 127,691 132,244 137,974 145,449 152,162 160,707

Targeted rates (other than a targeted rate for water supply)

124 85 88 90 93 96 99 102 105 109 112

Subsidies and grants for operating purposes 3,810 3,617 3,744 3,934 4,010 4,160 4,257 4,408 4,566 4,744 4,925Interest and dividends from investments 511 1,508 1,438 1,397 1,425 1,494 1,560 1,632 1,713 1,802 1,898Fees, charges and targeted rates for water supply

49,678 51,990 55,057 55,972 58,317 61,088 63,190 65,542 68,779 71,894 75,684

Local authorities fuel tax, fines, infringement fees, and other receipts

1,910 1,899 2,093 2,225 2,313 2,388 2,466 2,536 2,617 2,705 2,795

Total Operating Funding (A) 154,879 163,077 172,590 179,378 187,452 196,916 203,815 212,194 223,229 233,416 246,122Applications of Operating FundingPayments to staff and suppliers 91,172 95,849 99,029 102,626 103,443 107,781 111,154 118,783 119,917 124,479 129,495Finance costs 25,801 27,470 27,362 27,283 26,519 26,232 25,974 26,557 27,966 28,114 30,594Other operating funding applications 0 0 0 0 0 0 0 0 0 0 0Total Applications of Operating Funding (B) 116,973 123,319 126,391 129,909 129,962 134,013 137,128 145,340 147,883 152,593 160,089Deficit/(Surplus) of Operating Funding (A-B) (37,906) (39,758) (46,199) (49,469) (57,490) (62,903) (66,688) (66,853) (75,346) (80,823) (86,033)Sources of Capital FundingSubsidies and grants for capital expenditure 2,901 3,721 3,981 6,788 3,750 3,419 3,549 3,692 3,852 4,026 4,212Development and financial contributions 25,934 30,187 31,644 49,660 54,442 53,622 67,701 80,229 87,176 80,264 124,798Increase (decrease) in debt 37,568 21,125 21,441 21,395 19,598 25,258 16,519 27,251 31,362 20,432 27,774Gross proceeds from sale of assets 3,710 7,060 7,371 7,678 4,476 3,380 3,415 94 114 0 196Lump sum contributions 578 40 42 43 44 46 48 50 52 54 57Total sources of Capital Funding (C) 70,692 62,133 64,479 85,564 83,532 85,726 91,232 111,317 122,556 104,777 157,037Applications of Capital FundingCapital Expenditure- to meet additional demand 14,716 23,534 25,637 35,528 44,037 31,187 42,546 49,951 56,118 51,268 82,336- to improve level of service 43,719 21,301 18,416 28,115 17,212 26,135 19,515 29,297 34,513 20,269 31,878- to replace existing assets 19,130 20,802 20,872 21,730 23,460 26,446 26,422 31,273 27,285 31,242 32,907Increase (decrease) in reserves 31,033 36,254 45,753 49,660 56,312 64,862 69,436 67,649 79,986 82,822 95,949Increase (decrease) of investments 0 0 0 0 0 0 0 0 0 0 0Total applications of Capital Funding (D) 108,598 101,891 110,678 135,033 141,022 148,629 157,920 178,170 197,902 185,600 243,070Deficit/(surplus) of Capital Funding (C-D) 37,906 39,758 46,199 49,469 57,490 62,903 66,688 66,853 75,346 80,823 86,033Funding balance (A-B)+(C-D) 0 0 0 0 0 0 0 0 0 0 0Funding Sources have been applied consistently as per the Revenue and Financing Policy across all years of the Ten Year Plan


FINANCIALS

RECONCILIATION BETWEEN THE WHOLE OF COUNCIL FUNDING IMPACT STATEMENTS AND PROSPECTIVE STATEMENT OF COMPREHENSIVE INCOME FOR THE LONG TERM PLAN

2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)

Total Rates from FIS Statements above 98,970 104,062 110,258 115,849 121,388 127,787 132,343 138,076 145,554 152,270 160,819Rates requirement 92,541 101,679 102,749 104,848 106,583 108,751 109,558 111,185 113,684 115,125 117,786Prior year rates surplus 0 (1,700) 0 0 0 0 0 0 0 0 0Debt retirement charge 6,429 4,083 4,163 4,171 4,138 4,138 4,138 4,138 4,138 4,138 4,138Inflation amount 0 0 3,346 6,830 10,667 14,898 18,647 22,753 27,732 33,007 38,895Total Rates requirement per Prospective Statement of Comprehensive Income

98,970 104,062 110,258 115,849 121,388 127,787 132,343 138,076 145,554 152,270 160,819

Total Revenue from FIS Statements above 55,909 59,015 62,332 63,528 66,064 69,129 71,473 74,118 77,675 81,145 85,302Revenue funding capex including Inflation 3,480 3,761 4,023 6,831 3,794 3,466 3,597 3,742 3,903 4,081 4,269Vested Assets including Inflation 12,183 17,168 12,359 12,847 22,979 19,251 27,184 29,214 31,529 30,040 24,268Development Impact Fee Revenue including Inflation

11,503 11,634 15,639 20,064 20,489 24,733 25,676 26,361 26,434 27,504 30,869

Rates Revenue 98,970 104,062 110,258 115,849 121,388 127,787 132,343 138,076 145,554 152,270 160,819Total Revenue (includes Asset Development less Capital Gain on Assets Sales and Revaluations)

182,045 195,640 204,611 219,120 234,714 244,366 260,273 271,511 285,095 295,040 305,528

Total Expenditure from FIS Statements above 116,973 123,319 126,391 129,909 129,962 134,013 137,128 145,340 147,883 152,593 160,089Depreciation including inflation 39,221 41,527 43,898 46,499 49,276 53,786 56,486 59,551 63,288 66,397 71,966As per Statement of Comprehensive Income Expenditure

156,194 164,846 170,289 176,408 179,238 187,799 193,613 204,891 211,171 218,990 232,055

Total Capital Expenditure from FIS Statements above

73,855 58,577 57,555 77,694 79,012 80,385 85,068 110,425 117,802 102,777 146,924

Vested Assets including inflation 12,183 17,168 12,359 12,847 22,979 19,251 27,184 29,214 31,529 30,040 24,268Total Capital Expenditure (including inflation) 86,038 75,745 69,914 90,541 101,991 99,637 112,252 139,639 149,331 132,817 171,192

311

FUNDING IMPACT STATEMENT - ROADING2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)

Sources of operating funding

General rates, uniform annual general charges, rates penalties

15,292 16,720 17,939 19,361 21,757 23,376 24,911 26,364 28,194 30,253 32,327

Targeted rates 0 0 0 0 0 0 0 0 0 0 0

Subsidies and grants for operating purposes 3,229 2,914 3,019 3,187 3,239 3,364 3,439 3,567 3,698 3,847 3,998

Fees charges 6,029 6,052 6,288 6,544 6,838 7,148 7,442 7,749 8,093 8,930 9,329

Internal charges and overheads recovered 173 123 127 131 135 140 144 148 152 158 163


1,415 1,432 1,477 1,522 1,570 1,621 1,677 1,725 1,780 1,839 1,900

Total operating funding (A) 26,138 27,241 28,850 30,745 33,539 35,649 37,613 39,553 41,917 45,027 47,717

Applications of operating funding

Payments to staff & suppliers 18,501 11,150 11,561 11,724 12,526 12,949 13,335 13,786 14,208 15,080 15,288

Finance Costs 9,634 9,632 10,257 11,438 12,524 13,587 14,329 15,356 17,098 18,553 20,085

Internal charges and overheads applied (4,209) 3,402 3,439 3,801 3,585 3,738 3,828 3,977 4,190 4,269 4,817

Other operating funding applications 0 0 0 0 0 0 0 0 0 0 0

Total applications of operating funding (B) 23,926 24,184 25,257 26,963 28,635 30,274 31,492 33,119 35,496 37,902 40,190

Deficit/(Surplus) of Operating Funding (A-B) (2,212) (3,057) (3,593) (3,782) (4,904) (5,375) (6,121) (6,434) (6,421) (7,125) (7,527)

Sources of capital funding

Subsidies and grants for capital expenditure 2,901 3,721 3,981 6,788 3,653 3,419 3,549 3,692 3,852 4,026 4,212

Development and financial contributions 5,625 3,927 3,469 13,724 3,498 7,883 9,336 10,442 13,681 12,860 29,376

Increase (decrease) in debt 5,931 6,207 10,083 13,818 13,384 11,363 6,203 19,059 24,525 12,838 13,063

Gross proceeds from the sale of assets 0 0 0 0 0 0 0 0 0 0 0

Lump sum contributions 128 40 42 43 44 46 48 50 52 54 57

Total sources of capital funding (C) 14,585 13,895 17,575 34,373 20,579 22,711 19,136 33,243 42,110 29,778 46,708

Application of capital funding

Capital expenditure

- to meet additional demand 2,761 2,330 4,682 10,680 4,278 5,965 6,075 4,243 7,509 8,979 19,748

- to improve level of service 2,935 3,283 3,802 13,470 4,950 3,120 (2,242) 12,712 18,724 3,106 5,799

- to replace existing assets 5,900 6,654 6,808 7,036 7,664 7,540 9,462 8,142 8,492 9,284 9,287

Increase (decrease) in reserves 5,201 4,685 5,876 6,969 8,591 11,461 11,962 14,580 13,806 15,534 19,401

Increase (decrease) of investments 0 0 0 0 0 0 0 0 0 0 0

Total applications of capital funding (D) 16,797 16,952 21,168 38,155 25,483 28,086 25,257 39,677 48,531 36,903 54,235

Deficit/(Surplus) of Funding (C-D) 2,212 3,057 3,593 3,782 4,904 5,375 6,121 6,434 6,421 7,125 7,527

Funding balance ((A-B)+(C-D)) 0 0 0 0 0 0 0 0 0 0 0

FUNDING IMPACT STATEMENT


FUNDING IMPACT STATEMENT - AIRPORT2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)


General rates, uniform annual general charges, rates penalties*

0 0 0 0 0 0 0 0 0 0 0


0 0 0 0 0 0 0 0 0 0 0

Subsidies and grants for operating purposes 10 18 19 19 20 20 21 22 22 23 24

Fees charges and targeted rates for water supply

4,210 4,216 4,490 4,668 5,146 5,357 5,545 6,157 6,405 6,635 6,854



0 0 0 0 0 0 0 0 0 0 0




Finance Costs 447 468 540 582 624 644 751 863 891 920 951

Internal charges and overheads applied 312 257 263 271 280 288 294 303 313 323 335





Subsidies and grants for capital expenditure 0 0 0 0 0 0 0 0 0 0 0

Development and financial contributions 0 0 0 0 0 0 0 0 0 0 0

Increase (decrease) in debt 276 960 779 0 0 0 2,687 0 0 0 0



Total sources of capital funding (C) 276 960 779 0 0 0 2,687 0 0 0 0


Capital expenditure

- to meet additional demand 0 0 0 0 0 0 0 0 0 0 0

- to improve level of service 340 1,200 779 0 0 0 2,687 0 0 0 0

- to replace existing assets 67 40 160 193 583 456 32 4,866 0 1,802 0

Increase (decrease) in reserves 2,063 1,993 2,221 2,288 2,305 2,570 3,030 (1,472) 3,596 1,931 3,852





* Increase in rates is due to interest and depreciation on TECT Arena at Baypark.


313

FUNDING IMPACT STATEMENT - INDOOR SPACE & ACTIVE LIVING2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



5,797 6,517 6,647 6,762 6,971 6,974 7,141 7,249 7,632 7,286 7,127


0 0 0 0 0 0 0 0 0 0 0



15 643 663 683 705 727 748 769 794 820 848



0 0 0 0 0 0 0 0 0 0 0




Finance Costs 2,439 2,560 2,586 2,610 2,742 2,773 2,795 2,818 3,023 3,065 3,104




Deficit/(Surplus) of Operating Funding (A-B) (905) (2,022) (2,100) (2,152) (2,170) (2,065) (2,057) (2,070) (2,113) (1,642) (1,373)




Increase (decrease) in debt 2,452 143 3 3 3 3 4 4 4 8 4



Total sources of capital funding (C) 3,165 560 300 374 386 441 454 467 482 535 667


Capital expenditure


- to improve level of service 4,135 173 0 0 0 0 0 0 0 4 0

- to replace existing assets 158 297 209 321 265 320 405 394 428 670 800

Increase (decrease) in reserves (223) 1,922 2,191 2,205 2,291 2,186 2,106 2,143 2,167 1,503 1,240



Deficit/(Surplus) of Funding (C-D) 905 2,022 2,100 2,152 2,170 2,065 2,057 2,070 2,113 1,642 1,373




FUNDING IMPACT STATEMENT - OPEN SPACE2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



16,988 17,331 17,771 18,184 18,602 19,334 19,515 19,553 20,145 20,791 21,547


0 0 0 0 0 0 0 0 0 0 0



160 160 166 170 175 182 186 191 198 205 211



0 0 0 0 0 0 0 0 0 0 0




Finance Costs 1,348 1,092 1,031 1,051 1,158 952 911 918 846 883 830

Internal charges and overheads applied (316) (418) (468) (501) (414) (493) (549) (550) (644) (630) (674)

Other operating funding applications (100) 0 0 0 0 0 0 0 0 0 0






Increase (decrease) in debt 526 209 672 2,633 (3,007) 662 1,099 1,229 1,136 1,004 1,055





Capital expenditure


- to improve level of service 623 864 1,107 3,171 (2,536) 897 1,391 1,644 1,149 663 1,067

- to replace existing assets 836 979 893 1,176 1,024 1,020 1,296 1,248 1,446 1,739 1,686







315

FUNDING IMPACT STATEMENT - COMMUNITY PROPERTY SERVICES2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



0 0 0 0 0 0 0 0 0 0 0


0 0 0 0 0 0 0 0 0 0 0



4,808 4,774 4,979 5,181 5,440 5,644 5,831 6,027 6,249 6,490 6,736



0 0 0 0 0 0 0 0 0 0 0




Finance Costs 476 332 407 476 559 582 604 651 684 703 765








Increase (decrease) in debt (542) 1,371 844 1,205 533 33 542 720 (41) 325 1,336



Total sources of capital funding (C) 308 1,371 844 1,205 533 33 542 720 (41) 325 1,336


Capital expenditure


- to improve level of service 385 2,683 1,495 1,626 1,121 367 1,249 1,372 506 1,098 1,707

- to replace existing assets 327 338 367 479 514 430 428 467 569 630 1,261

Increase (decrease) in reserves 1,551 197 877 1,124 892 1,413 1,170 1,100 1,208 811 909







FUNDING IMPACT STATEMENT - AQUATICS2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



1,841 2,069 2,317 2,456 2,630 2,810 2,897 3,267 3,329 3,370 3,425


0 0 0 0 0 0 0 0 0 0 0



0 0 0 0 0 0 0 0 0 0 0



275 260 268 276 285 294 303 311 321 332 343



Payments to staff & suppliers 253 721 744 767 792 818 841 865 892 923 954

Finance Costs 867 472 513 530 597 669 810 938 948 962 976




Deficit/(Surplus) of Operating Funding (A-B) (925) (1,064) (1,254) (1,360) (1,448) (1,537) (1,467) (1,691) (1,723) (1,727) (1,746)




Increase (decrease) in debt 1,801 863 114 165 1,384 495 3,628 40 36 93 73



Total sources of capital funding (C) 1,854 940 219 299 1,522 656 3,794 211 212 289 309


Capital expenditure


- to improve level of service 1,866 866 114 165 1,384 495 3,628 40 36 93 73

- to replace existing assets 683 1,079 751 563 1,008 1,026 1,403 729 340 359 1,476

Increase (decrease) in reserves 230 59 608 931 578 672 230 1,133 1,559 1,564 506



Deficit/(Surplus) of Funding (C-D) 925 1,064 1,254 1,360 1,448 1,537 1,467 1,691 1,723 1,727 1,746



317


FUNDING IMPACT STATEMENT - WASTEWATER2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



17,233 18,195 19,900 21,367 22,950 24,647 26,340 27,750 29,320 31,025 32,810


0 0 0 0 0 0 0 0 0 0 0



952 1,028 1,078 1,132 1,196 1,262 1,327 1,395 1,455 1,521 1,589



0 0 0 0 0 0 0 0 0 0 0




Finance Costs 4,086 4,688 5,099 5,471 6,210 6,349 6,657 6,637 6,705 7,244 7,541

Internal charges and overheads applied 1,574 3,302 3,352 3,378 3,614 3,348 3,435 3,437 3,514 4,047 4,147












Capital expenditure


- to improve level of service 900 1,390 875 322 777 8,973 358 373 648 1,084 8,645









FUNDING IMPACT STATEMENT - WATER SUPPLY2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



1,325 2,364 2,481 2,601 2,731 2,862 2,979 3,099 3,235 3,343 3,454


0 0 0 0 0 0 0 0 0 0 0



14,880 16,097 17,282 17,977 18,507 19,408 20,150 20,448 21,493 22,239 23,731

Internal charges and overheads recovered (295) (311) (321) (330) (341) (352) (362) (372) (384) (397) (410)


0 0 0 0 0 0 0 0 0 0 0




Finance Costs 2,887 2,467 2,502 2,585 2,827 2,963 3,438 3,907 4,094 3,591 3,910








Increase (decrease) in debt 2,669 531 364 397 (500) 3,396 1,105 634 661 1,053 723

Gross proceeds from the sale of assets 0 0 0 0 1,221 0 0 0 0 0 0




Capital expenditure

- to meet additional demand 6,319 1,000 208 1,718 7,156 9,908 19,394 35,635 40,017 14,715 23,031

- to improve level of service 2,569 430 312 344 366 978 1,499 571 596 985 652







319

FUNDING IMPACT STATEMENT - STORMWATER2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



11,937 12,935 13,803 14,779 16,115 17,151 18,192 19,403 20,294 21,467 22,676


0 0 0 0 0 0 0 0 0 0 0



15 15 15 16 17 17 18 18 18 19 19



3 3 3 3 3 3 3 3 4 4 4




Finance Costs 6,175 6,520 7,150 7,866 8,871 9,497 10,132 10,704 11,490 12,170 13,307













Capital expenditure

- to meet additional demand 1,016 200 208 2,276 4,785 5,613 5,174 1,560 4,061 3,044 16,328

- to improve level of service 6,086 8,324 8,766 9,085 7,439 7,417 9,392 8,408 8,579 8,695 9,096









FUNDING IMPACT STATEMENT - SOLID WASTE2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



2,045 1,979 2,044 2,054 2,212 2,294 2,386 2,496 2,600 2,707 2,822


0 0 0 0 0 0 0 0 0 0 0



583 594 613 631 651 672 692 711 734 758 784



0 0 0 0 0 0 0 0 0 0 0




Finance Costs 521 483 498 514 550 568 584 601 620 641 662




Deficit/(Surplus) of Operating Funding (A-B) (173) (237) (240) (170) (164) (159) (169) (188) (190) (191) (192)




Increase (decrease) in debt 0 0 0 0 0 0 0 0 0 0 0



Total sources of capital funding (C) 0 0 0 0 0 0 0 0 0 0 0


Capital expenditure


- to improve level of service 0 0 0 0 0 0 0 0 0 0 0


Increase (decrease) in reserves 123 187 219 116 108 136 109 163 164 164 164


Total applications of capital funding (D) 173 237 240 170 164 159 169 188 190 191 192

Deficit/(Surplus) of Funding (C-D) 173 237 240 170 164 159 169 188 190 191 192



321

FUNDING IMPACT STATEMENT - LIBRARIES2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



6,778 7,028 7,526 7,868 8,401 8,866 8,735 8,941 9,345 9,624 9,951


0 0 0 0 0 0 0 0 0 0 0



920 791 836 870 931 1,000 1,042 1,085 1,134 1,187 1,321



0 0 0 0 0 0 0 0 0 0 0




Finance Costs 627 577 602 642 717 764 812 862 916 972 1,027








Increase (decrease) in debt 308 760 797 826 862 901 944 991 1,042 1,099 1,160



Total sources of capital funding (C) 486 1,629 1,165 1,293 1,344 1,459 1,518 1,582 1,651 1,775 2,025


Capital expenditure




Increase (decrease) in reserves 900 752 1,065 1,376 1,615 1,926 1,605 1,545 1,676 1,862 2,075







FUNDING IMPACT STATEMENT - VENUES & EVENTS2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



1,768 1,837 1,877 1,943 2,012 2,067 2,086 2,153 2,177 2,241 2,388


0 0 0 0 0 0 0 0 0 0 0



1,435 1,616 1,666 1,717 1,771 1,829 1,881 1,934 1,996 2,063 2,131



0 0 0 0 0 0 0 0 0 0 0




Finance Costs 70 70 76 80 87 92 98 102 106 111 117













Capital expenditure










323

FUNDING IMPACT STATEMENT - BAYPARK2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



0 546 495 498 500 519 534 548 558 640 717


0 0 0 0 0 0 0 0 0 0 0



0 739 813 893 981 1,079 1,182 1,293 1,362 1,407 1,454



210 195 335 414 444 458 471 485 500 517 534

Total operating funding (A) 210 1,480 1,643 1,805 1,925 2,056 2,187 2,326 2,420 2,564 2,705


Payments to staff & suppliers 0 878 887 958 1,034 1,117 1,200 1,290 1,330 1,376 1,420

Finance Costs 210 603 756 848 891 920 946 973 1,004 1,038 1,072



Total applications of operating funding (B) 210 1,889 2,063 2,239 2,372 2,498 2,620 2,751 2,838 2,934 3,030

Deficit/(Surplus) of Operating Funding (A-B) 0 409 420 434 447 442 433 425 418 370 325









Capital expenditure




Increase (decrease) in reserves 0 (409) (420) (434) (602) (603) (600) (599) (919) (837) (523)


Total applications of capital funding (D) 0 (409) (420) (434) (447) (442) (433) (425) (418) (370) (325)

Deficit/(Surplus) of Funding (C-D) 0 (409) (420) (434) (447) (442) (433) (425) (418) (370) (325)




FUNDING IMPACT STATEMENT - ARTS & HERTIAGE2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



1,621 1,679 1,712 1,758 1,921 1,869 1,920 1,974 2,034 2,102 2,173


0 0 0 0 0 0 0 0 0 0 0



0 0 0 0 0 0 0 0 0 0 0



0 0 0 0 0 0 0 0 0 0 0




Finance Costs 33 29 29 29 30 29 29 29 28 28 28




Deficit/(Surplus) of Operating Funding (A-B) (36) (24) (7) (3) (1) (1) (2) (1) 0 (1) (1)









Capital expenditure










325

FUNDING IMPACT STATEMENT - CBD & NEIGHBOURHOOD REVITALISATION2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



351 414 451 486 533 573 612 651 693 739 784


0 0 0 0 0 0 0 0 0 0 0



0 0 0 0 0 0 0 0 0 0 0



0 0 0 0 0 0 0 0 0 0 0

Total operating funding (A) 351 414 451 486 533 573 612 651 693 739 784



Finance Costs 180 185 210 239 278 310 341 372 406 441 477



Total applications of operating funding (B) 282 243 271 301 342 376 409 442 478 516 554










Capital expenditure




Increase (decrease) in reserves (17) 131 128 131 136 140 143 147 150 156 159







FUNDING IMPACT STATEMENT - ECONOMIC DEVELOPMENT2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



1,871 1,911 1,969 2,024 2,094 2,161 2,216 2,284 2,353 2,436 2,522


0 0 0 0 0 0 0 0 0 0 0



90 90 93 96 99 102 105 108 111 115 119



0 0 0 0 0 0 0 0 0 0 0




Finance Costs 0 0 0 0 0 0 0 0 0 0 0




Deficit/(Surplus) of Operating Funding (A-B) 0 0 0 0 0 0 0 0 0 0 0









Capital expenditure










327

FUNDING IMPACT STATEMENT - ENVIRONMENTAL POLICY2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



2,400 2,871 2,363 2,461 2,547 2,623 2,686 2,774 2,746 2,841 2,962


0 0 0 0 0 0 0 0 0 0 0



16 14 14 14 15 15 16 16 17 17 18



0 0 0 0 0 0 0 0 0 0 0




Finance Costs 1 0 0 0 0 0 0 0 0 0 0

Internal charges and overheads applied 741 789 805 836 871 894 908 938 962 989 1,031












Capital expenditure











FUNDING IMPACT STATEMENT - ENVIRONMENTAL PLANNING2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



654 663 669 693 719 729 726 746 821 827 862


0 0 0 0 0 0 0 0 0 0 0



1,475 1,431 1,479 1,526 1,579 1,634 1,685 1,738 1,798 1,863 1,929



7 9 9 10 10 11 11 12 12 13 14




Finance Costs 5 5 5 5 5 5 5 5 5 5 5




Deficit/(Surplus) of Operating Funding (A-B) (4) (6) (7) (5) (6) (6) (4) (4) (3) 0 0









Capital expenditure










329

FUNDING IMPACT STATEMENT - BUILDING SERVICES2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



35 20 21 21 22 23 23 24 25 26 26


0 0 0 0 0 0 0 0 0 0 0



4,447 4,558 4,907 5,057 5,217 5,388 5,541 5,699 5,882 6,079 6,281



0 0 0 0 0 0 0 0 0 0 0




Finance Costs 2 29 29 29 29 29 29 28 28 28 28

Internal charges and overheads applied 986 1,254 1,271 1,382 1,435 1,465 1,461 1,511 1,550 1,594 1,661



Deficit/(Surplus) of Operating Funding (A-B) 157 (343) (612) (1,412) (1,449) (1,523) (1,609) (1,650) (1,703) (1,771) (1,809)









Capital expenditure




Increase (decrease) in reserves (157) 343 612 1,412 1,449 1,523 1,609 1,650 1,703 1,771 1,809


Total applications of capital funding (D) (157) 343 612 1,412 1,449 1,523 1,609 1,650 1,703 1,771 1,809

Deficit/(Surplus) of Funding (C-D) (157) 343 612 1,412 1,449 1,523 1,609 1,650 1,703 1,771 1,809




FUNDING IMPACT STATEMENT - ENVIRONMENTAL MONITORING2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



1,421 1,595 1,577 1,649 1,714 1,736 1,756 1,805 1,894 1,957 2,044


0 0 0 0 0 0 0 0 0 0 0



608 635 660 680 708 730 754 780 808 839 870



0 0 0 0 0 0 0 0 0 0 0




Finance Costs 24 23 23 23 24 26 27 27 27 29 30

Internal charges and overheads applied 837 1,154 1,160 1,238 1,286 1,311 1,309 1,353 1,376 1,419 1,484












Capital expenditure




Increase (decrease) in reserves 59 85 15 38 37 38 33 (5) 25 32 35






331

FUNDING IMPACT STATEMENT - ANIMAL SERVICES2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



144 147 151 163 172 174 175 180 185 191 199


0 0 0 0 0 0 0 0 0 0 0



691 748 778 810 848 887 924 964 1,007 1,054 1,103



0 0 0 0 0 0 0 0 0 0 0

Total operating funding (A) 878 914 949 994 1,041 1,083 1,122 1,167 1,216 1,270 1,328



Finance Costs 2 12 23 30 38 38 38 37 37 37 36













Capital expenditure











FUNDING IMPACT STATEMENT - CIVIL DEFENCE & EMERGENCY MANAGEMENT2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



477 547 558 636 655 673 690 706 725 747 768


0 0 0 0 0 0 0 0 0 0 0



0 0 0 0 0 0 0 0 0 0 0



0 0 0 0 0 0 0 0 0 0 0

Total operating funding (A) 477 547 558 636 655 673 690 706 725 747 768



Finance Costs 13 37 63 75 77 77 76 75 74 74 73




Deficit/(Surplus) of Operating Funding (A-B) 0 0 (24) (65) (67) (69) (71) (73) (75) (77) (80)









Capital expenditure










333

FUNDING IMPACT STATEMENT - CUSTOMER SERVICE CENTRE2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



0 0 0 0 0 0 0 0 0 0 0


0 0 0 0 0 0 0 0 0 0 0



1,775 1,021 1,053 235 242 250 257 264 273 282 291

Internal charges and overheads recovered 1,838 1,824 1,814 2,237 2,304 2,333 2,269 2,332 2,409 2,479 2,555


0 0 0 0 0 0 0 0 0 0 0




Finance Costs 204 195 210 208 214 212 210 207 205 205 204




Deficit/(Surplus) of Operating Funding (A-B) (40) 1,203 1,309 (198) (192) (153) (44) (43) (44) (42) (44)




Increase (decrease) in debt 48 1,374 1,474 23 5 0 0 0 0 24 0



Total sources of capital funding (C) 48 1,374 1,474 23 5 0 0 0 0 24 0


Capital expenditure







Deficit/(Surplus) of Funding (C-D) 40 (1,203) (1,309) 198 192 153 44 43 44 42 44




FUNDING IMPACT STATEMENT - CITY DEVELOPMENT2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



941 1,059 1,069 1,101 1,143 1,169 1,189 1,228 1,293 1,395 1,458


0 0 0 0 0 0 0 0 0 0 0



733 581 600 617 638 658 677 696 718 742 767

Internal charges and overheads recovered 1,001 974 999 1,029 1,064 1,095 1,123 1,157 1,200 1,277 1,324


0 0 0 0 0 0 0 0 0 0 0




Finance Costs (8) (4) (4) (4) (4) (4) (4) (4) (4) (4) (4)













Capital expenditure










335

FUNDING IMPACT STATEMENT - DEMOCRACY & CIVIC SERVICES2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



2,495 2,376 2,526 2,520 2,791 3,041 2,956 3,194 3,552 3,344 3,626


0 0 0 0 0 0 0 0 0 0 0



29 29 205 30 31 225 33 34 245 37 38



0 0 0 0 0 0 0 0 0 0 0




Finance Costs 6 1 3 5 5 4 4 4 4 4 4













Capital expenditure











FUNDING IMPACT STATEMENT - SUPPORT SERVICES2011/12 Budget ($000’s)

2012/13 Forecast ($000’s)

2013/14 Forecast ($000’s)

2014/15 Forecast ($000’s)

2015/16 Forecast ($000’s)

2016/17 Forecast ($000’s)

2017/18 Forecast ($000’s)

2018/19 Forecast ($000’s)

2019/20 Forecast ($000’s)

2020/21 Forecast ($000’s)

2021/22 Forecast ($000’s)



3,845 3,519 3,616 3,831 3,845 3,966 4,195 4,201 4,405 4,660 4,711


0 0 0 0 0 0 0 0 0 0 0



4,930 4,879 5,024 4,994 5,074 5,279 5,516 5,780 6,248 6,791 7,401

Internal charges and overheads recovered 14,760 15,497 15,821 15,974 16,686 17,126 17,372 18,018 18,441 18,782 19,693


0 0 0 0 0 0 0 0 0 0 0




Finance Costs 3,553 2,871 2,577 2,170 1,957 2,036 2,089 2,188 2,367 2,574 2,840








Increase (decrease) in debt (351) (4,813) (5,445) (7,190) (199) 1,205 (1,398) 4,727 5,100 5,539 6,162

Gross proceeds from the sale of assets 2,860 7,060 7,371 7,678 4,476 3,380 3,415 94 114 0 196


Total sources of capital funding (C) 2,509 (2,247) (1,926) (488) 4,277 4,585 2,017 4,821 5,214 5,538 6,358


Capital expenditure


- to improve level of service 644 235 143 (883) 3,106 3,235 884 3,504 3,575 3,747 4,074

- to replace existing assets 1,531 1,129 1,171 1,300 1,434 1,833 967 1,120 1,812 1,595 2,769







337

RATING INFORMATION

All rating policies should be read in conjunction with the Revenue and Financing Policy which can be obtained from our website.

Figures in this statement are GST exclusive.

OVERVIEW OF RATES

Councils rating policy, pursuant to the Local Government (Rating) Act 2002, for the 2012/13 year includes:

• A general rate

• A uniform annual general charge

• Targeted rates for water supply

• Targeted rates for wastewater disposal

• A targeted rate for economic development

• Targeted rates for Mainstreet activities

• Targeted rates for special services

Lump sum contributions will not be accepted in respect of any targeted rate.

As indicated above, there are several parts to a typical rates bill, some of which are fixed and others variable. The fixed rates (where everybody is charged the same amount) are:

• Wastewater rates – if you are, or can be, connected to Council’s wastewater system you will incur this fixed rate

• Uniform Annual General Charge (UAGC) – this rate ensures a minimum contribution from every ratepayer in the City

The variable rates (where you are charged differently from your neighbour) are:

• General rates – this rate is used for general public good

services that are not collected through any other rate

• Economic development rates – this is a rate charged to commercial properties only for development of Tauranga‘s economy

• Mainstreet rates – commercial properties located within the three ‘main street’ areas in Tauranga City incur this rate for the continued delivery of their Mainstreet organisation programmes

• Water rates – water rates are invoiced separately from your land rates bill. The amount charged is dependent on the amount of water used, and the size of the water meter supplying a property

• Special services targeted rates – a rate to The Lakes, Papamoa Coast and Excelsa subdivisions in the City where the level of service required to maintain the subdivision is higher than usual across the City.

You can see from the graph following that a significant proportion of a rates bill is generally based on fixed charges. The impact of this rating structure is that the spread between the lowest rates and the highest rates is minimised, while ensuring everyone contributes a minimum amount to the services provided by Council.

THE DIFFERENT PARTS OF YOUR RATES BILL

Rating Categories of land within the Tauranga City Council District are defined as the following:

• Residential - properties for which the permitted activity in the District Plan is related to residential, rural, education, recreation, leisure and conservation

• Commercial - properties for which the permitted activity in the District Plan is related to commercial, industrial, port or transportation and other network utilities.

Separately used or inhabited properties (SUIP) within the Tauranga City Council District are defined as the following:

• Residential - a building or part of a building that is used, or can be used, as an independent residence. An independent residence is defined as having separate entrance, cooking facilities, living facilities and toilet/bathroom facilities


WATER15%

MISCELLANEOUS MINOR TARGETED

RATES2%

UAGC30%

WASTEWATER15%

GENERAL38%


• Commercial - a building or part of a building that is, or intended to be, separately used, tenanted, leased or sub leased for commercial purposes.

Serviceable property within the Tauranga City Council District is defined as the following:

• Any Rating Unit situated within 30 metres of a public wastewater or stormwater drainage scheme to which it is capable of being effectively connected, either directly or through a private drain, but which is not so connected.

The following rating mechanisms are for the year 2012/13. All figures shown are exclusive of GST, and have been rounded to two decimal places where appropriate (unless otherwise stated).

GENERAL RATE

The general rate is assessed on the Capital Value of all applicable properties in the City.

Capital Value represents the market value of land and improvements to a property. In other words, it reflects what the total property would sell for in an open market.

The values are assessed by independent valuers who are required to follow legal procedures and guidelines. Their results are audited by the Office of the Valuer General. City-wide valuations are performed once every three years. The last revaluation was performed in July 2009. The proposed general rates (per dollar of capital value) for 2012/13 are:


Category Basis of Rate Rates per $ of CV Revenue Sought

2011/12 2012/13 2011/12 2012/13

Residential Capital Value 0.001701 0.00173113 $36,499,000 $37,507,000

Commercial Capital Value 0.001701 0.00173113 $8,234,000 $8,440,000

Basis of Rate Rates Revenue Sought

2011/12 2012/13 2011/12 2012/13

Per separately used or inhabited part of a rating unit

$600.00 $630.43 $33,686,000 $35,559,000

UNIFORM ANNUAL GENERAL CHARGE (UAGC)

A UAGC is assessed on every separately used or inhabited part of a property. The definition of a separately used or inhabited part of a property is:

Separately used or inhabited - for a commercial rating unit means a building or part of a building that is, or intended to be, separately used, tenanted, leased or subleased for commercial purposes.

Separately used or inhabited - for a residential rating unit:

Includes a building or part of a building that is, or intended to be used as, an independent residence, including apartments, semi-detached or detached houses, units, town houses, caravans (where used as a place of residence, or occupied for a period of time exceeding six months in a calendar year); but excludes premises, or parts thereof

complying with the visitor accommodation provisions of the Tauranga District Plan or with resource consent to operate as visitor accommodation, except where those parts have independent ownership and comprise separate rating units.

Independent residence means a self contained dwelling, or part of a dwelling, comprising of separate cooking facilities; separate living facilities; separate entrance; and separate toilet and bathroom facilities.

The UAGC is set at just under 30% of total rates revenue, being the maximum allowed by law. This ensures that every ratepayer contributes a fixed amount to Council, irrespective of the property value or services used. Additionally, it reduces the variability of the general rate assessed between properties.

339

TARGETED RATES

Targeted rates are used where a Council service provides a benefit to a specific group of people and consequently it is these beneficiaries that are charged the cost of providing the service. It may apply to all ratepayers or a specific group of ratepayers. Below are the activities or services where a targeted rate is applied.

WATER RATES

Water rates are charged to all households connected, or able to be connected, to Council’s water supply system. These rates are invoiced separately from your land rates.

Not all properties in the City are connected to Council’s water supply system. For each seperately used or inhabited part of a property which is provided with an unmetered water supply service, a charge of $511.30 ($511.30 2011/12) per SUIP is incurred. Refer rates remission policy for variations to the above.

WASTEWATER RATES

Wastewater rates are charged to all properties connected to Council’s wastewater system, or if located in an area where connection is available.

Any serviceable property not yet connected to Council’s wastewater scheme will be charged a rate of $150.00 ($143.48 - 2011/12).

Refer rates remission policy for variations to the above.

Basis of Rate Rates Revenue Sought

2011/12 2012/13 2011/12 2012/13

Volume of water consumed $1.37 per cubic metre

$1.47 per cubic metre

$14,715,000 $15,947,000

Dependent on size and number of water meter connections

A flat charge of between $22.61-

$904.35 per meter per annum

A flat charge of between $45.22-

$1,808.70 per meter per annum

$1,325,000 $2,365,000

Category Basis of Rate Rates Revenue Sought

2011/12 2012/13 2011/12 2012/13

Residential Per separately used or inhabited part of a rating unit

$286.96 $300.00

$17,232,000 $18,195,000Commercial On each water closet

or urinal connected to wastewater scheme

$286.96 $300.00



ECONOMIC DEVELOPMENT RATE

The economic development rate relates to the activities of Priority One, Tourism BOP, the Visitor Information Centre and general economic development costs. Council has determined that the primary beneficiary of these activities is the commercial sector, and so this rate is only charged to commercial properties.

MAINSTREET RATES

An initiative involving three Mainstreet organisations and Tauranga City Council has resulted in the assessment of Mainstreet rates to commercial properties located in specific areas around the Mainstreets of Mt Maunganui, Tauranga Central Business District and Greerton. The recommended total rate to be collected for each Mainstreet organisation is arrived at from decisions made by each individual Mainstreet Board/Committee in accordance with their own policies and rules and accepted by members at their Annual General Meeting. This means Council collects the amount of rates requested by each organisation.

SPECIAL SERVICES TARGETED RATES

A rate charged only to properties within the ‘Papamoa Coast’ and ‘Excelsa’ subdivisions at Papamoa and ‘The Lakes’ subdivision at Pyes Pa West. This rate recovers the additional level of service required by Council to maintain and renew street gardens, street trees, footpaths and removal of litter from ponds.


2011/12 2012/13 2011/12 2012/13

Mt Maunganui On capital value

of commercial properties in specified area

0.00080138 0.00080138 $133,056 $133,056

Greerton 0.00161505 0.00162530 $102,445 $102,445

CBD 0.00046066 0.00051267 $244,500 $273,800


2011/12 2012/13 2011/12 2012/13

The LakesFixed charge per rating unit within specified area

$212.84 $144.21 $106,000 $73,000

Papamoa Coast

$238.92 $175.75 $13,000 $9,000

Excelsa $112.46 $39.97 $5,000 $3,000

Basis of Rate Rates per $ of CV Revenue Sought

2011/12 2012/13 2011/12 2012/13

On capital value of commercial properties

0.000395 0.000392 $1,870,000 $1,911,000


341

SUMMARY OF RATING METHOD

RATE TYPE BASIS OF RATE 1 2011/12 2012/13

GENERAL RATES

Rate in $ Rate per $ Rate per $

Residential 2 CV 0.001701 0.00173113

Commercial 3 CV 0.001701 0.00173113

UAGC

Fixed Charge Per Annum Per Annum

Uniform Annual General Charge SUIP $600.00 $630.43

Targeted Rates

Water

Consumption Volume of water consumed $1.37 per cubic metre $1.47 per cubic metre

Base Charge Size and number of water connections

Meter Size Base Charge Meter Size Base Charge

20mm $22.61 20mm $45.22

25mm $45.22 25mm $75.65

32mm $45.22 32mm $75.65

40mm $182.61 40mm $301.74

50mm $360.87 50mm $452.17

80mm $721.74 80mm $1,206.09

100mm $904.35 100mm $1,808.70

150mm $904.35 150mm $1,808.70

200mm $904.35 200mm $1,808.70

Serviceable properties not yet connected

SUIP $511.30 $511.30

Wastewater Rates Per Annum Per Annum

Residential SUIP $286.96 $300.00

Commercial Per water closet or urinal $286.96 $300.00

No connection but service available

RU $143.48 $150.00

Economic Development Rate Rate per $ Rate per $

Commercial properties CV 0.000395 0.000392

Mainstreet Rates Rate per $, location, commercial properties

Rate per $

Mt Maunganui CV 0.00080138 0.00080138

Greerton CV 0.00161505 0.00162530

CBD CV 0.00046066 0.00051267

Special services targeted rates Per Annum Per Annum

‘The Lakes’ Fixed charge per rating unit, location $212.84 $144.21

‘Papamoa Coast’ Fixed charge per rating unit, location $238.92 $175.75

‘Excelsa’ Fixed charge per rating unit, location $112.46 $39.97

Note 1:

SUIP = Separately used or inhabited part of a rating unit

CV = Capital Value

LV = Land Value

RU = Rating Unit

Note 2:

Residential = residential, rural and conservation activities.

Note 3:

Commercial = commercial, industrial and Port related activities.



2011/12 SUMMARY OF RATES REVENUE

RATE IN $ (PLUS GST AT THE PREVAILING RATE) REVENUE

RATE TYPE 2011/12 2012/13 % Change 2011/12 2012/13 % Change

GENERAL RATES

Residential 0.001701 0.00173113 1.8% $36,499,000 $37,507,000 2.76%

Commercial 0.001701 0.00173113 1.8% $8,234,000 $8,440,000 2.5%

UAGC 600 630.43 5.1% $33,686,000 $35,559,000 5.56%

Targeted Rates

Water by meter (per m3) 1.37 1.47 7.3% 14,715,000 15,947,000 8.37%

Base charge - minimum 22.61+ 45.22+ 1,325,000 2,365,000 78%

Wastewater 286.96 300 4.5% 17,232,000 18,195,000 5.59%

Economic Development 0.000395 0.000392 (0.8%) 1,870,000 1,911,000 2.19%

Special services targeted rates

The Lakes 212.84 144.21 (32%) $106,000 $73,000 (31%)

Papamoa Coast 238.92 175.75 (26%) $13,000 $9,000 (31%)

Excelsa 112.46 39.97 (64%) $5,000 $3,000 (40%)

Mainstreet Rates

Tauranga Mainstreet 0.00046066 0.00051267 11.3% $244,500 $273,800 11.9%

Greerton Village 0.00161505 0.00163530 0.6% $102,446 $102,446 0%

Mount Maunganui 0.00080138 0.00080138 0% $133,056 $133,056 0%

TOTAL RATES REVENUE REQUIREMENT $114,165,000 $120,517,302 5.57%

TOTAL RATES REVENUE REQUIREMENT (EXCL WATER AND MAINSTREET RATES) $98,970,000 $104,062,000 5.14%

Growth - as represented by increase in number of rating units 0.5%

TOTAL RATES REVENUE MOVEMENT AFTER GROWTH (EXCL WATER) 4.64%

STATISTICS

Capital ValueValues as at 1 July 2011

Values as at 1 July 2012 (estimated) % Change

Residential $21,807,638,000 $21,888,292,000 0.4%

Commercial $5,191,679,000 $5,338,396,000 2.8%

UAGC

Number of separate dwellings or businesses

56,350 56,629 0.5%

GENERAL RATES

Number of rating units 50,733 50,985 0.5%


343


IMPACT RATES ON RANGE OF PROPERTIES

CAPITAL VALUE $250,000 $350,000 $422,000 $500,000 $750,000 $1,000,000

Residential - Assumes single occupancy and average water use of 180 m3 per year.

Rates 2011/2012 $1,509 $1,705 $1,845 $1,998 $2,487 $2,976

Water (180m3) $310 $310 $310 $310 $310 $310

Total $1,819 $2,014 $2,155 $2,308 $2,797 $3,286

Rates 2012/2013 $1,568 $1,767 $1,910 $2,065 $2,563 $3,061

Water (180m3) $356 $356 $356 $356 $356 $356

Total $1,924 $2,123 $2,266 $2,422 $2,919 $3,417

Change 5.8% 5.4% 5.2% 4.9% 4.4% 4.0%

Change (rates only) 3.9% 3.6% 3.5% 3.4% 3.1% 2.8%

Lakes, Papamoa Coast and Excelsa subdivisions

Residential properties in the Lakes,Papamoa Coast & Excelsa subdivisions have additional level of service fixed targeted rates. These level of service charges have reduced and have a downward impact on the rates for these properties. The Lakes reduced from $244.77 to $165.84,Papamoa Coast from $274.76 to $202.11 and Excelsa from $129.33 to $45.97

Lakes 2011/2012 (incl water) $2,063 $2,259 $2,400 $2,552 $3,041 $3,530

Lakes 2012/2013 (incl water) $2,090 $2,289 $2,432 $2,588 $3,085 $3,583

Over all change 1% 1% 1% 1% 1% 1%

Papamoa Coast 2011/2012 (incl water) $2,093 $2,289 $2,430 $2,582 $3,071 $3,560

Papamoa Coast 2012/2013 (incl water) $2,126 $2,325 $2,469 $2,624 $3,122 $3,619

Over all change 2% 2% 2% 2% 2% 2%

Excelsa 2011/2012 (incl water) $1,948 $2,1434 $2,284 $2,437 $2,926 $3,415

Excelsa 2012/2013 (incl water) $1,970 $2,169 $2,312 $2,468 $2,965 $3,463

Over all change 1% 1% 1% 1% 1% 1%


IMPACT RATES ON RANGE OF PROPERTIES

CAPITAL VALUE $250,000 $350,000 $422,000 $500,000 $750,000 $1,000,000

Commercial - Assumes single occupancy, single wastewater

(Water rates comparisons not included.Water use and meter size varies and not related to property valuations)

Capital Value $250,000 $500,000 $750,000 $1,000,000 $1,500,000 $2,000,000

Rates 2011/2012 $1,623 $2,225 $2,828 $3,430 $4,636 $5,841

Rates 2012/2013 (draft) $1,680 $2,291 $2,901 $3,512 $4,732 $5,953

Change (rates only) 3.6% 2.9% 2.6% 2.4% 2.1% 1.9%

Commercial properties in the CBD

Commercial properties in the CBD’s have an additional targeted Mainstreet rate, based on capital value. Tauranga Mainstreet rates increased by 11%. Greerton and Mount Maunganui Mainstreet rates requirement remained unchanged.

Tauranga CBD 2011/2012 $1,755 $2,490 $3,225 $3,960 $5,430 $6,900

Tauranga CBD 2012/2013 (draft) $1,828 $2,586 $3,343 $4,101 $5,617 $7,132

Over all change 4.1% 3.8% 3.7% 3.6% 3.4% 3.4%

Greerton Village 2011/2012 $2,087 $3,154 $4,221 $5,288 $7,422 $9,555

Greerton Village 2012/2013 (draft) $2,148 $3,225 $4,303 $5,381 $7,536 $9,691

Over all change 2.9% 2.3% 1.9% 1.8% 1.5% 1.4%

Mount Maunganui 2011/2012 $1,853 $2,686 $3,519 $4,352 $6,018 $7,684

Mount Maunganui 2012/2013 (draft) $1,911 $2,752 $3,592 $4,433 $6,115 $7,796

Over all change 3.1% 2.4% 2.1% 1.9% 1.6% 1.5%


345

FINANCIALS

PROSPECTIVE STATEMENT OF RESTRICTED RESERVES AND TRUST FUNDS (INCLUDING INFLATION)

Restricted Reserves

2012-22 Activity

Description of Reserve

Indoor Space & Active Living

($000’s)

Open Space - Parks & Coastal

($000’s)Corporate Treasury

($000’s)Total Balance

($000’s)

Barton Trust Funds

Opening Balance 2012/13 For city museum maintenance of model aircraft collection.

(34) (34)

Transfers In 2012/13 to 2021/22 0 0

Transfers Out 2012/13 to 2021/22 0 0

Closing Balance 0 0 (34) (34)

Carruthers Capital

Opening Balance 2012/13 Fund to provide and maintain homes and flats for elderly persons.

(34) (34)

Transfers In 2012/13 to 2021/22 0 0

Transfers Out 2012/13 to 2021/22 0 0


Carruthers Income

Opening Balance 2012/13 Revenue from the capital fund that can be distributed.

(4) (4)

Transfers In 2012/13 to 2021/22 0 0

Transfers Out 2012/13 to 2021/22 0 0


E.V Flower Family Trust

Opening Balance 2012/13 For city museum maintenance of aviary.

(15) (15)

Transfers In 2012/13 to 2021/22 0 0

Transfers Out 2012/13 to 2021/22 0 0


General Contingency

Opening Balance 2012/13 Miscellaneous Expenditure. Operational not forseen in annual plans.

(250) (250)

Transfers In 2012/13 to 2021/22 (2,879) (2,879)

Transfers Out 2012/13 to 2021/22 0 0

Closing Balance 0 0 (3,129) (3,129)

Landscape Impact Fee

Opening Balance 2012/13 To develop street planting - funds from impact fee in industrial areas.

(88) (88)

Transfers In 2012/13 to 2021/22 0 0

Transfers Out 2012/13 to 2021/22 0 0



FINANCIALS


Restricted Reserves

2012-22 Activity



($000’s)




($000’s)

Museum Collection Fund

Opening Balance 2012/13 For the provision & development of the museum collection.

(134) (134)

Transfers In 2012/13 to 2021/22 0 0

Transfers Out 2012/13 to 2021/22 0 0


Otumoetai Infill

Opening Balance 2012/13 Fees for funding local capital expenditure.

(18) (18)

Transfers In 2012/13 to 2021/22 0 0

Transfers Out 2012/13 to 2021/22 0 0


Parking Fees Reserve (JOG)

Opening Balance 2012/13 Funds for parking management and Joint Officials Group (JOG).

(2) (2)

Transfers In 2012/13 to 2021/22 0 0

Transfers Out 2012/13 to 2021/22 0 0


Risk Management Fund

Opening Balance 2012/13 For the purpose of managing Council’s Financial Risk and to fund unforseen eventsor unknown amounts such as Leaky Homes.

(2,861) (2,861)

Transfers In 2012/13 to 2021/22 (750) (750)

Transfers Out 2012/13 to 2021/22 0 0

Closing Balance 0 0 (3,611) (3,611)

Roading Land Purchase Fund

Opening Balance 2012/13 For roading land purchases (funded by roading land sales).

(701) (701)

Transfers In 2012/13 to 2021/22 0 0

Transfers Out 2012/13 to 2021/22 0 0


Stewarts Trust Capital

Opening Balance 2012/13 Fund to provide relief from poverty for aged & needy persons.

(558) (558)

Transfers In 2012/13 to 2021/22 0 0

Transfers Out 2012/13 to 2021/22 0 0


347

FINANCIALS


Restricted Reserves

2012-22 Activity



($000’s)




($000’s)

Stewarts Trust Income

Opening Balance 2012/13 Revenue from the capital fund that can be distributed.

(167) (167)

Transfers In 2012/13 to 2021/22 0 0

Transfers Out 2012/13 to 2021/22 0 0


Strategic Fundraising Reserve

Opening Balance 2012/13 Revenue from external parties for projects.

30 30

Transfers In 2012/13 to 2021/22 0 0

Transfers Out 2012/13 to 2021/22 10 174 0 184

Closing Balance 10 174 30 214

Strategic Roading Network

Opening Balance 2012/13 Roading fund for strategic roading network and sub-regional transportation.

(5) (5)

Transfers In 2012/13 to 2021/22 0 0

Transfers Out 2012/13 to 2021/22 0 0


TDC Eden Family Trust

Opening Balance 2012/13 For city museum maintenance of the steam engine.

(11) (11)

Transfers In 2012/13 to 2021/22 0 0

Transfers Out 2012/13 to 2021/22 0 0


Voluntary Rates Account

Opening Balance 2012/13 To maintain voluntary rate payments.

(3) (3)

Transfers In 2012/13 to 2021/22 0 0

Transfers Out 2012/13 to 2021/22 0 0


Water Future Land Purchase

Opening Balance 2012/13 To purchase additional land in water catchment areas when it becomes available.

(117) (117)

Transfers In 2012/13 to 2021/22 0 0

Transfers Out 2012/13 to 2021/22 0 0


Welcome Bay Infill

Opening Balance 2012/13 Fees for funding local capital expenditure.

(3) (3)

Transfers In 2012/13 to 2021/22 0 0

Transfers Out 2012/13 to 2021/22 0 0


TOTAL Closing Balance 10 174 (8,603) (8,420)


PROSPECTIVE STATEMENT OF RESTRICTED RESERVES (DEVELOPMENT CONTRIBUTION) (INCLUDING INFLATION) (CONTINUED)Development Contribution Reserves: Reserves relating to the collection of revenue from development contribution and funding of growth related expenditure. Each reserve is shown by area and activity. A debit balance in a reserve indicates negative reserve due to funding of growth related capital expenditure prior to revenue being collected.

Local Roads($000’s)


($000’s)


($000’s)Baypark ($000’s)

Aquatics ($000’s)

Wastewater ($000’s)

Water Supply ($000’s)

Stormwater ($000’s)

Libraries ($000’s)

Total Balance ($000’s)

Bethlehem SIF

Opening Balance 2012/13 2,143 1 (837) 0 0 1,712 624 1,373 0 5,016

Transfers In 2012/13 to 2021/22 (2,446) 0 (118) 0 0 (3,600) (431) (1,955) 0 (8,550)

Transfers Out 2012/13 to 2021/22 4,643 1 164 0 0 2,901 457 2,603 0 10,768

Closing Balance 4,340 1 (792) 0 0 1,013 649 2,022 0 7,234

Bethlehem West SIF

Opening Balance 2012/13 1,160 0 174 0 0 406 25 (210) 0 1,556

Transfers In 2012/13 to 2021/22 (1,915) 0 (2,042) 0 0 (2,486) (145) (1,545) 0 (8,134)

Transfers Out 2012/13 to 2021/22 2,772 0 1,622 0 0 2,187 177 2,896 0 9,654

Closing Balance 2,016 0 (246) 0 0 107 58 1,141 0 3,076

Building Impact Fees

Opening Balance 2012/13 685 1,764 (6,307) 7,188 1,462 2,630 14,167 (72) (1,615) 19,902

Transfers In 2012/13 to 2021/22 (4,142) (4,298) (37,860) 0 (1,560) (34,829) (32,758) 0 (5,463) (120,910)

Transfers Out 2012/13 to 2021/22 5,174 932 8,233 4,694 813 52,796 141,842 (41) (341) 214,102

Closing Balance 1,717 (1,602) (35,934) 11,882 716 20,597 123,250 (112) (7,419) 113,094

Kaitemako South SIF

Opening Balance 2012/13 0 0 0 0 0 (6) 0 0 0 (6)

Transfers In 2012/13 to 2021/22 0 0 0 0 0 0 0 0 0 0

Transfers Out 2012/13 to 2021/22 0 0 0 0 0 593 0 0 0 593

Closing Balance 0 0 0 0 0 588 0 0 0 588

Mount Maunganui Infill

Opening Balance 2012/13 0 86 (5,836) 0 0 977 (157) 0 0 (4,929)

Transfers In 2012/13 to 2021/22 0 0 (1,644) 0 0 (2,592) 0 0 0 (4,236)

Transfers Out 2012/13 to 2021/22 0 62 3,631 0 0 689 (96) 0 0 4,286

Closing Balance 0 148 (3,849) 0 0 (926) (253) 0 0 (4,880)

Neewood SIF

Opening Balance 2012/13 0 0 0 0 0 (13) 0 0 0 (13)

Transfers In 2012/13 to 2021/22 0 0 0 0 0 0 0 0 0 0

Transfers Out 2012/13 to 2021/22 0 0 0 0 0 1,656 0 0 0 1,656

Closing Balance 0 0 0 0 0 1,642 0 0 0 1,642

North West Bethlehem SIF

Opening Balance 2012/13 0 0 0 0 0 (4) 0 0 0 (4)

Transfers In 2012/13 to 2021/22 0 0 0 0 0 0 0 0 0 0

Transfers Out 2012/13 to 2021/22 0 0 0 0 0 (3) 0 0 0 (3)

Closing Balance 0 0 0 0 0 (7) 0 0 0 (7)

FINANCIALS

349

PROSPECTIVE STATEMENT OF RESTRICTED RESERVES (DEVELOPMENT CONTRIBUTION) (INCLUDING INFLATION) (CONTINUED)



($000’s)


($000’s)Baypark ($000’s)

Aquatics ($000’s)






Ohauiti/Hollister Lane SIF

Opening Balance 2012/13 121 0 451 0 0 466 2,125 294 0 3,458

Transfers In 2012/13 to 2021/22 (330) 0 (739) 0 0 (1,481) (1,370) (199) 0 (4,119)

Transfers Out 2012/13 to 2021/22 226 0 332 0 0 1,421 1,574 237 0 3,789

Closing Balance 17 0 44 0 0 406 2,329 332 0 3,128

Papamoa East I (Wairakei) SIF

Opening Balance 2012/13 5,524 0 0 0 0 1,308 997 2,795 0 10,624

Transfers In 2012/13 to 2021/22 (19,476) 0 0 0 0 (6,472) (5,747) (9,741) 0 (41,436)

Transfers Out 2012/13 to 2021/22 11,079 0 0 0 0 13,757 11,585 6,682 0 43,103

Closing Balance (2,872) 0 0 0 0 8,593 6,835 (264) 0 12,291

Papamoa East II (Wairakei) SIF

Opening Balance 2012/13 2,465 0 0 0 0 0 0 712 0 3,177

Transfers In 2012/13 to 2021/22 0 0 0 0 0 0 0 0 0 0

Transfers Out 2012/13 to 2021/22 2,941 0 0 0 0 0 0 14,889 0 17,830

Closing Balance 5,406 0 0 0 0 0 0 15,601 0 21,007

Papamoa SIF

Opening Balance 2012/13 932 0 (1,978) 0 0 820 54 2,451 0 2,279

Transfers In 2012/13 to 2021/22 (5,975) 0 (2,384) 0 0 (1,280) (318) (4,088) 0 (14,045)

Transfers Out 2012/13 to 2021/22 9,018 0 499 0 0 1,076 227 9,217 0 20,036

Closing Balance 3,976 0 (3,864) 0 0 616 (37) 7,579 0 8,270

Pukemapu SIF

Opening Balance 2012/13 0 0 0 0 0 (21) 0 0 0 (21)

Transfers In 2012/13 to 2021/22 0 0 0 0 0 0 0 0 0 0

Transfers Out 2012/13 to 2021/22 0 0 0 0 0 2,781 0 0 0 2,781

Closing Balance 0 0 0 0 0 2,761 0 0 0 2,761

Pyes Pa SIF

Opening Balance 2012/13 712 0 (2,029) 0 0 (220) 17 310 0 (1,209)

Transfers In 2012/13 to 2021/22 (386) 0 (789) 0 0 (799) (91) (229) 0 (2,295)

Transfers Out 2012/13 to 2021/22 1,004 0 2,121 0 0 1,151 74 230 0 4,580

Closing Balance 1,329 0 (697) 0 0 133 (1) 311 0 1,077

Pyes Pa West SIF

Opening Balance 2012/13 (134) 0 (20) 0 0 (508) 46 (166) 0 (782)

Transfers In 2012/13 to 2021/22 (2,535) 0 (975) 0 0 (7,321) (426) (3,657) 0 (14,913)

Transfers Out 2012/13 to 2021/22 7,569 0 (38) 0 0 5,520 1,067 4,661 0 18,778

Closing Balance 4,900 0 (1,033) 0 0 (2,309) 687 838 0 3,083

FINANCIALS


PROSPECTIVE STATEMENT OF RESTRICTED RESERVES (DEVELOPMENT CONTRIBUTION) (INCLUDING INFLATION) (CONTINUED)



($000’s)


($000’s)Baypark ($000’s)

Aquatics ($000’s)






South Ohauiti SIF

Opening Balance 2012/13 0 0 0 0 0 (16) 0 0 0 (16)

Transfers In 2012/13 to 2021/22 0 0 0 0 0 0 0 0 0 0

Transfers Out 2012/13 to 2021/22 0 0 0 0 0 2,537 0 0 0 2,537

Closing Balance 0 0 0 0 0 2,522 0 0 0 2,522

South Pyes Pa SIF

Opening Balance 2012/13 0 0 0 0 0 (17) 0 0 0 (17)

Transfers In 2012/13 to 2021/22 0 0 0 0 0 0 0 0 0 0

Transfers Out 2012/13 to 2021/22 0 0 0 0 0 1,958 0 0 0 1,958

Closing Balance 0 0 0 0 0 1,941 0 0 0 1,941

Southern Pipeline Reserve

Opening Balance 2012/13 0 0 0 0 0 21,348 0 0 0 21,348

Transfers In 2012/13 to 2021/22 0 0 0 0 0 0 0 0 0 0

Transfers Out 2012/13 to 2021/22 0 0 0 0 0 10,492 0 0 0 10,492

Closing Balance 0 0 0 0 0 31,840 0 0 0 31,840

Tauranga Infill

Opening Balance 2012/13 965 817 (8,357) 0 0 (375) (559) 0 0 (7,508)

Transfers In 2012/13 to 2021/22 0 0 (2,452) 0 0 (8,639) (108) 0 0 (11,199)

Transfers Out 2012/13 to 2021/22 723 592 6,833 0 0 15,990 (378) 0 0 23,760

Closing Balance 1,688 1,409 (3,976) 0 0 6,977 (1,045) 0 0 5,053

Tauriko Business Estate SIF

Opening Balance 2012/13 (2,626) 0 0 0 0 (707) (528) (890) 0 (4,751)

Transfers In 2012/13 to 2021/22 (13,712) 0 0 0 0 (9,973) (1,805) (3,516) 0 (29,006)

Transfers Out 2012/13 to 2021/22 24,854 0 0 0 0 8,160 2,951 7,396 0 43,361

Closing Balance 8,517 0 0 0 0 (2,521) 618 2,990 0 9,604

Waitaha/Waikite SIF

Opening Balance 2012/13 (226) 0 (483) 0 0 724 1,002 59 0 1,077

Transfers In 2012/13 to 2021/22 (453) 0 (24) 0 0 (1,316) (454) (250) 0 (2,497)

Transfers Out 2012/13 to 2021/22 199 0 295 0 0 817 800 335 0 2,445

Closing Balance (480) 0 (212) 0 0 225 1,347 144 0 1,024

Bio Solid Reserve

Opening Balance 2012/13 0 0 0 0 0 0 0 0 0 0

Transfers In 2012/13 to 2021/22 0 0 0 0 0 (9,410) 0 0 0 (9,410)

Transfers Out 2012/13 to 2021/22 0 0 0 0 0 6,881 0 0 0 6,881

Closing Balance 0 0 0 0 0 (2,528) 0 0 0 (2,528)

TOTAL Closing Balance 30,554 (44) (50,558) 11,882 716 71,669 134,438 30,581 (7,419) 221,820

FINANCIALS

351

FINANCIALS

PROSPECTIVE STATEMENT OF COUNCIL CREATED RESERVES (DEPRECIATION RESERVES) (INCLUDING INFLATION)Depreciation Reserve: Within each of Council’s activities, revenue is raised to fund depreciation expense and the money is transferred to depreciation reserve for that activity. These reserves are used to fund the replacement of existing assets and debt ratepayments at the end of their useful lives.

Local Roads

($000’s)Airport

($000’s)

Indoor Space &

Active Living ($000’s)

Open Space - Parks &

Coastal ($000’s)

Community Property Services ($000’s)

Baypark ($000’s)

Aquatics ($000’s)


Water Supply

($000’s)Stormwater

($000’s)

Solid Waste

($000’s)Libraries ($000’s)

Venues & Events ($000’s)

Arts & Heritage ($000’s)

Depreciation Reserve

Opening Balance 2012/13

(5,325) (2,501) (838) (5,821) (3,247) 0 (3,916) (1,505) (3,351) (5,888) (276) 1,535 (1,100) (691)

Transfers In 2012/13 to 2021/22

(132,872) (15,114) (25,274) (48,618) (22,550) (336) (20,039) (95,685) (85,112) (46,818) (2,612) (23,985) (6,229) (510)

Transfers Out 2012/13 to 2021/22

89,070 8,371 12,658 28,663 12,109 1,825 10,971 79,699 52,022 27,761 369 20,336 2,679 178

Closing Balance (49,127) (9,244) (13,454) (25,777) (13,688) 1,489 (12,984) (17,491) (36,441) (24,946) (2,519) (2,115) (4,649) (1,023)

CBD & Neighbourhood

Centre Revitalisation

($000’s)

Environmental Policy

($000’s)

Environmental Planning ($000’s)

Building Services ($000’s)

City Development

($000’s)

Environmental Compliance

& Monitoring ($000’s)

Animal Services ($000’s)

Civil Defence Emergency

Management ($000’s)

Customer Service Centre

($000’s)

Democracy & Civic

Services ($000’s)

Support Services ($000’s)

Non Significant

Activities ($000’s)


Depreciation Reserve

Opening Balance 2012/13

1,948 (63) (22) (95) (4) (285) (165) 8 87 (26) (6,829) (61) (38,432)

Transfers In 2012/13 to 2021/22 ($000's)

(500) (601) (67) (212) (213) (775) (762) (617) (1,155) (263) (37,462) (145) (568,525)

Transfers Out 2012/13 to 2021/22 ($000's)

2,600 0 33 176 (23) 309 203 432 1,105 117 20,771 154 372,587

Closing Balance 4,048 (664) (56) (131) (240) (751) (723) (178) 37 (172) (23,520) (51) (234,371)


DEVELOPMENT CONTRIBUTION FUNDED PROJECTS OUTSIDE THE 10 YEARS OF THE DRAFT TEN YEAR PLAN 2012-22

The Local Government Act allows development contributions to be collected against the relevant capital expenditure set out in the Ten Year Plan 2012-22.

Council collects development contributions against projects that it considers are growth related. However, in order to plan responsibly for future growth, Council is often required to take a longer planning period into account than just the next ten years.

Benefits of this approach include:

• Taking advantage of economies of scale by constructing assets of a size that will benefit growth by larger increments than only ten years

• Recovering the costs of providing a particular service (eg water supply) over time rather than recovering the costs of each individual capital project

• Recovering the costs of providing a service to a growth area over the life of that growth area rather than an arbitrary, and changing, ten year period

• Minimising the risk of significant fluctuations in the levels of Development Contributions

• Minimising the risk that ratepayers may be required to cover a funding deficit.

Some of the projects in Council’s Development Contributions Policy are not expected to be completed until after the current Ten Year Plan period i.e. after 30 June 2022. These projects are not specifically noted in the rest of the financial information presented in Part A of the Ten Year Plan 2012-22. This section provides the link between Council’s Ten Year Plan and its Development Contributions

Policy.

The following projects:

• Are included in the calculation of development contributions

• Include capital expenditure that will be incurred after June 2022

• Have been increased for inflation (from today’s prices) to account for the fact that prices will have increased by the time they are constructed. The inflation rates used are the same as the Capital Inflation rates used as outlined in the Assumptions section of the Ten Year Plan 2012-22.

INTEREST COMPONENT OF DEVELOPMENT CONTRIBUTIONS

Council collects development contributions to pay for growth related capital projects. However there is often a mismatch between when this money is collected (development contributions charged) and when it is paid out (for construction of assets). At the end of each year Council has therefore either collected more money than it has spent (ie has cash) or has spent more money than it has collected (ie. has borrowed money). This balance either has interest to be paid on it or is earning interest. Rather than have the ratepayer meet this cost (or receive the benefit) Council recovers the costs (or benefit) from the growth community (those who pay the development contributions). The amount of development contributions charged therefore includes an amount that we estimate will mean that all of the costs, including this capitalised interest, will be recovered by the time the growth area is full. In some cases this means that interest costs expected to be incurred beyond the 2012-22 period are included in Council’s current development contribution charges.

The table following includes all the amounts for the interest that is expected to be paid (or received) after the Ten Year Plan 2012-22.

FINANCIALS

353

FINANCIALS

Group of Activities Project Name Total Project Cost Funding Source Start Year End Year

Cost Post 30 June 2022 (inc Inflation)

Open Space Waipuna Park - Development $642,219 BIF 49.2%, Loan 50.8% 2013 2023 $13,219

Open Space PPW - Kennedy Rd/ Hastings Rd Land Purchase $1,119,657 Pyes Pa West SIF 100% 2026 2026 $1,119,657

Open Space PPW - Kennedy Rd/ Hastings Rd Development $474,907 Pyes Pa West SIF 100% 2026 2026 $474,907

Open Space Papamoa Neighbourhood Res Development $545,657 Pap SIF 100% 2023 2023 $545,657

Open Space NW Beth Reserve Land Purchase $1,320,480 West Beth SIF 100% 2023 2023 $1,320,480

Open Space NW Beth Reserve Development $295,954 West Beth SIF 100% 2025 2025 $295,954

Open Space NW Beth Historic Reserve Development $102,234 West Beth SIF 100% 2027 2027 $102,234

Open Space Neighbourhood Res Development - Catchment B $79,338 West Beth SIF 100% 2024 2024 $79,338

Open Space Greerton Park Reserve Development $867,228 BIF 13.1%, Loan 86.9% 2009 2027 $598,168

Open Space Fergusson Park Development $815,345 BIF 23%, Loan 77% 2007 2024 $253,178

Open Space Capitalised Interest on Reserve ($124,563) Pap SIF 100% 2007 2026 ($4,607)

Open Space Capitalised Interest on Reserve ($144,857) Pap SIF 100% 2007 2026 $28,919

Open Space Capitalised Interest on Reserve ($116,752) West Beth SIF 100% 2008 2046 $10,715

Open Space Capitalised Interest on Reserve $534,466 West Beth SIF 100% 2008 2046 $242,286

Open Space Capitalised Interest on Reserve ($115,719) Pyes Pa West SIF 100% 2018 2028 ($70,077)

Open Space Capitalised Interest on Reserve ($272,824) Pyes Pa West SIF 100% 2018 2028 ($165,216)

Roading Bus Sheleters - Tauriko $264,625 Tauriko BE 100% 2023 2023 $264,625

Roading Bell Road Interchange - Stage 1 $37,774,757 Pap East SIF 40%, Pap East II SIF 55%, Loan 5% 2007 2022 $32,982,055

Roading Welcome Bay Rd $$1,329,543 Welcome Bay SIF 100% 2023 2023 $1,329,543

Roading Traffic Lights 3,718,024 BIF 75%, Loan 25% 2017 2023 $967,437

Roading Totora St Widening $1,718,477 BIF 24%, Loan 23%, Transit 53% 2023 2023 $1,718,477

Roading Te Okuroa Drive/ Main Rd Intersection $1,352,657 Pap East SIF 40%, Pap East II SIF 55%, Loan 5% 2032 2032 $1,352,657

Roading Te Okuroa Drive - Main Rd to Te Tumu $3,708,489 Pap East SIF 42%, Pap East II SIF 58% 2032 2032 $3,708,489

Roading Te Okuroa Drive - Boundary to Main Rd $28,926,208 Pap East SIF 95%, Loan 5% 2008 2028 $28,059,366

Roading Spine Road $5,897,086 Tauriko BE 8%, Vested 92% 2009 2023 $2,736,594

Roading Pedestrian Underpasses/ Overpasses $4,295,768 BIF 50%, Loan 50% 2017 2023 $2,088,611

Roading Parton Rd/ Papamoa roundabout $793,876 Pap SIF 51%, Pap East SIF 49% 2023 2023 $793,876

Roading PapEast main road - Te Okoroa to Interchange $2,809,086 Pap East SIF 40%, Pap East II SIF 55%, Loan 5% 2032 2032 $2,809,086

Roading Land Costs - Tauriko $6,696,863 Tauriko BE 100% 2007 2023 $741,607

Roading Emerald Shores Subdivision to Wairaki Stream $550,315 Pap SIF 51%, Pap East SIF 49% 2023 2023 $550,315

Roading Capitalised Interest on Reserve $922,383 Bethlehem SIF 100% 2007 2040 $361,354

Roading Capitalised Interest on Reserve $98,149 Pyes Pa SIF 100% 2007 2031 $20,735

Roading Capitalised Interest on Reserve $215,818 Ohauiti SIF 100% 2007 2027 $16,478

Roading Capitalised Interest on Reserve ($35,132) Pap SIF 49%, Pap East SIF 46%, Loan 5% 2007 2036 $686,464

Roading Capitalised Interest on Reserve ($2,587,584) Pap SIF 100% 2007 2036 $675,055


FINANCIALS

Group of Activities Project Name Total Project Cost Funding Source Start Year End Year

Cost Post 30 June 2022 (inc Inflation)

Roading Capitalised Interest on Reserve $2,868,793 West Beth SIF 100% 2008 2046 $690,176

Roading Capitalised Interest on Reserve ($530,132) Pyes Pa West SIF 100% 2007 2028 $133,089

Roading Capitalised Interest on Reserve $1,523,888 Tauriko BE 100% 2007 2031 $3,065,403

Storm Water Wairakei Pond G - Rdg $372,715 Pap East SIF 100% 2027 2027 $372,715

Storm Water Wairakei Land & Construction Pond G $5,069,868 Pap East SIF 100% 2027 2027 $5,069,868

Storm Water Rdg Assd works on Te Okuroa Drive - Area B $961,631 Pap East SIF 100% 2027 2027 $570,801

Storm Water Capitalised Interest on Reserve $888,537 Bethlehem SIF 100% 2007 2040 $291,951

Storm Water Capitalised Interest on Reserve $193,391 Pyes Pa SIF 100% 2007 2031 $12,217

Storm Water Capitalised Interest on Reserve $168,008 Ohauiti SIF 100% 2007 2027 $9,956

Storm Water Capitalised Interest on Reserve $1,704,331 Pap SIF 67%, Pap East SIF 33% 2007 2036 $560,672

Storm Water Capitalised Interest on Reserve ($430,565) Pap SIF 58%, Pap East SIF 42% 2007 2036 $170,083

Storm Water Capitalised Interest on Reserve $756,060 Pap SIF 100% 2007 2036 $397,775

Storm Water Capitalised Interest on Reserve $1,286,631 West Beth SIF 100% 2008 2046 $611,853

Storm Water Capitalised Interest on Reserve ($111,518) Pyes Pa West SIF 100% 2007 2028 $152,800

Storm Water Capitalised Interest on Reserve $1,051,823 Tauriko BE 100% 2007 2031 $889,287

Waste Water Pap East Intermediate Pump Station $3,140,040 Pap East SIF 100% 2027 2028 $3,140,040

Waste Water Capitalised Interest on Reserve $989,818 Bethlehem SIF 100% 2007 2040 $175,223

Waste Water Capitalised Interest on Reserve $96,992 Pyes Pa SIF 100% 2007 2031 $5,862

Waste Water Capitalised Interest on Reserve ($5,451) Ohauiti SIF 100% 2007 2027 $16,775

Waste Water Capitalised Interest on Reserve $1,032,767 Pap SIF 100% 2007 2036 $204,973

Waste Water Capitalised Interest on Reserve $467,348 West Beth SIF 100% 2008 2046 $30,214

Waste Water Capitalised Interest on Reserve $100,177 Pyes Pa West SIF 100% 2007 2028 $61,160

Waste Water Capitalised Interest on Reserve $1,152,201 Tauriko BE 100% 2007 2031 $462,961

Water Wairaki Te Okuroa Dr Water Mains $2,138,832 Pap East SIF 100% 2009 2028 $2,006,347

Water Capitalised Interest on Reserve $376,991 Bethlehem SIF 100% 2007 2040 $63,958

Water Capitalised Interest on Reserve $53,971 Pyes Pa SIF 100% 2007 2031 $4,856

Water Capitalised Interest on Reserve $671,317 Ohauiti SIF 100% 2007 2027 $68,421

Water Capitalised Interest on Reserve $225,943 Pap SIF 100% 2007 2036 $58,443

Water Capitalised Interest on Reserve $133,884 West Beth SIF 100% 2008 2046 $35,056

Water Capitalised Interest on Reserve ($140,651) Pyes Pa West SIF 100% 2007 2028 $32,548

Water Capitalised Interest on Reserve $611,289 Tauriko BE 100% 2007 2031 $403,188

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AUDITOR’S REPORT

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AUDITOR’S REPORT


AUDITOR’S REPORT

Documents

9. Financials DRAFT