Thames-Coromandel District Council

THAMES -COROMANDEL DISTRICT COUNCIL FINANCIAL RESULTS - AT A GLANCE For the six month period ending 31 December 2012 STATEMENT OF COMPREHENSIVE INCOME

2012/13

Last YTD Annual YTD YTD YTD October` Forecast

Actual Plan Estimate Actual Variance Revision Variance

$000's $000's $000's $000's $000's $000's $000's

REVENUE

2,282 Activity revenue 10,050 5,132 4,463 (669) 8,792 (1,258)

422 Contributions revenue 2,484 1,242 391 (851) 856 (1,628)

5 Investment revenue 15 8 9 1 15 0

19,598 Rates revenue 56,338 37,280 37,346 66 56,262 (76)

691 Subsidies revenue 6,150 3,461 2,471 (990) 5,321 (829)

0 Gain on Revaluation of Derivative Financial Instruments 691 0 0 0 0 (691)

0 Gain on Revaluation of Forestry Assets 117 0 0 0 0 (117)

0 Assets vested and introduced 2,700 0 33 33 846 (1,854) 22,998 TOTAL REVENUE 78,545 47,123 44,713 (2,410) 72,092 (6,453)

EXPENDITURE

4,590 Depreciation and amortisation 18,675 9,337 9,299 38 18,415 260

894 Finance costs 4,176 2,088 1,702 386 3,513 663

13,189 Other direct operating expenses 52,215 26,953 24,373 2,580 51,622 593

0 Loss on Revaluation of Derivative Financial Instruments 0 0 0 0 0 0 18,673 TOTAL EXPENSES 75,066 38,378 35,374 3,004 73,550 1,516

4,325 NET SURPLUS 3,479 8,745 9,338 594 (1,458) (4,937)

Variance Explanations - Actual to Original Budget

Activity Revenue • Dog registration revenue is $225,000 compared to the budget of $126,000 with a variance therefore of $99,000. Health Licensing revenue is $121,000 compared to the budget of $71,000 with a variance therefore of $50.000. The majority of dog registration revenue and Health Licensing revenue is received in July and August of each year but the budget has been phased evenly. This is a timing issue. • Resource Control Consents revenue is under budget by ($323,000). Actuals are 47% of budget. • Trade waste revenue is budgeted at $160,000. The trade waste bylaws are under review and charges have not been finalised for this financial year. The shortfall in revenue has been offset by no expenditure in trade waste bylaws costs. • Building control consent revenue is 91% of budget but under by ($83,000) and Monitoring revenue is 23% of budget and under by ($56,000). Building control inspection revenue is under budget by ($107,000) Subsidies Revenue • Swimming pool revenue in Thames is under budget by ($61,000). This is • Subsidy revenue is under budget by ($990,000). The subsidy revenue is in admissions. directly proportional to the expenditure levels. The shortfall is due to a • Cemeteries fee revenue is under budget by ($18,000) very low claim for August, made in September. • Solid waste revenue from the sale of rubbish bags is under budget by ($53,000) Vested Assets • Transfer station revenue is over budget by $44,000. • Vested assets to date are only $33,000. • Charges to the Waikato Regional Council and the Ministry for the Environment for their share of Moanataiari costs are $161,000. Finance Costs • District Roading Joint Safety revenue has been budgeted in December at • Under budget by $386,000 due to less capital works expenditure taking $103,000. This represents unsubsidised costs for the safety coordinator place in the 2011-12. As a result the borrowing levels are substantially to be recovered from TCDC HDC & MPDC. As at December this is lower resulting in lower financing costs. $34,000 which will be invoiced in January 2013. Other Operating expenditure Contribution Revenue • Employee costs are over budget by $628,000. $516,000 of this related • Revenue is under budget by ($851,000). Variances to budget principally to the Christmas pay paid out on the 30 December, but budgeted for relate to Wastewater in Tairua Pauanui and Whangamata where in January 2013. Therefore this is a timing difference. Other operating ($421,000) less than that budgeted for has been invoiced. Water expenditure is under budget by $3,208,000. This variance is a result of ($150,000 of which Pauanui represents $120,000), Parks ($111,000) of savings across all activities and represents a 15% reduction on budgeted which Mercury Bay represents ($85,000). expenditure.

ACTIVITY REVENUE AND EXPENDITURE For the six month period ending 31 December 2012

2012/13

Last YTD Annual YTD YTD YTD YTD Forecast

Actual Plan Estimate Actual Variance Variance Variance

$000's $000's $000's $000's $000's $000's $000's

Community Leadership 1 0 0 0

Planning for the Future 77 10 161 151 275 198

Healthy and Safe Communities 3,420 1,886 1,736 (150) 2727 (693)

Roads and Footpaths 803 397 260 (137) 790 (13)

Community Spaces 1,167 597 540 (57) 1170 3

Community Development 368 184 204 20 370 2

Landuse 1,456 720 401 (319) 981 (475)

Wastewater 320 160 0 (160) 50 (270)

Solid waste 2,437 1,177 1,160 (17) 2428 (9)

Total Activity Revenue 10,049 5,131 4,462 (669) 8,791 (1,257)

District Leadership 2,042 1,024 800 224 2258 (216)

Local Advocacy 1,183 607 595 12 1245 (62)

Strategic Planning 1,247 584 466 118 1163 84

Landuse Planning 1,211 626 551 75 1151 60

Hazard Management 297 190 365 (175) 572 (275)

Emergency Management 578 380 342 38 580 (2)

Community Health and Safety 1,428 713 537 176 1245 183

Building Control 4,677 2,243 1,643 600 4408 269

District Transportation 12,275 6,165 5,817 348 11855 420

Local Transportation 1,454 733 634 99 1409 45

Cemeteries 490 248 202 46 418 72

Airfields 163 92 78 14 160 3

Halls 777 421 384 37 791 (14)

Swimming Pools 482 239 255 (16) 497 (15)

Libraries 1,404 738 744 (6) 1411 (7)

Harbour Facilities 687 373 310 63 689 (2)

Parks and Reserves 5,294 2,682 2,438 244 5230 64

Public Conveniences 914 478 468 10 909 5

Economic Development 1,313 859 686 173 1379 (66)

Social Development 1,561 843 737 106 1543 18

Natural and Cultural Heritage 176 84 65 19 161 15

Landuse Management 2,937 1,444 1,417 27 2983 (46)

Land Information Memoranda 160 64 73 (9) 171 (11)

Water Services 8,414 4,192 3,980 212 8425 (11)

Wastewater 14,980 7,555 6,976 579 14270 710

Stormwater 3,037 1,503 1,457 46 2748 289

Land Drainage 44 22 13 9 36 8

Solidwaste 5,841 2,959 2,917 42 5842 (1)

Total Activity Expenditure 75,066 38,061 34,950 3,111 73,549 1,517 Variance Explanations - October Forecast to Original Budget

Activity Revenue October Forecast. Other operating costs • Resource Control Consents revenue is forecasted to be under the • The October revision forecasts operating expenditure to be under original budget by ($471,000). Although the number of consents has the original budget by $593,000. With the Council reorganisation not reduced significantly the average value per consent has dropped. progressively occurring from January 2012 there has been a significant Costs in Land Use Management have increased in the forecast by amount of costs moving between activities, operating units, costs ($46,000) due to the increased allocation of operating unit charges. pools and to external parties, as compared to the original budget. • The trade waste bylaws charges are under review. For this year There have also been changes to recoveries of costs charged between the forecasted level is $50,000, a reduction on the original budget other activities and operating units. As a consequence it is difficult to of ($270,000). The shortfall in revenue has been partly offset by compare one on one cost, forecasted in the October budget revision, expenditure reductions of $90,000. to the original budget in all cases. • Building control consent revenue is forecasted to be ($329,000) • This said, the major variances : under the original budget, Monitoring revenue is under by ($58,000). Building control inspection revenue is under budget by ($173,000) • Swimming pool revenue in Thames is under the original budget by ($27,000). This is in admissions. Community Leadership - District Leadership & Local Advocacy • Cemeteries fee revenue is under the original budget by ($14,000) The increase in the costs for these activities in the October budget revision • Solid waste revenue from the sale of rubbish bags is under the original over the original budget is predominantly due to the forecast increase in budget by ($31,000) Operating Unit Costs which flows through the Corporate Management • Transfer station revenue is forecasted to be over the original budget Operating Unit. by $28,000. • Charges to the Waikato Regional Council and the Ministry for the Planning for the Future - Strategic Planning Environment for their share of Moanataiari costs are forecasted to be • Depreciation Furniture & Fittings budgeted at $92, Depreciation costs $250,000. have now been charged direct to the Area Office and other cost pools. • District Roading Joint Safety revenue has been forecasted to be ($22,000) under the original budget. Planning for the Future - Landuse Planning • District Road State Highway energy cost recoveries are forecasted to • District Plan preparation costs are forecast to be under original budget be under the original budget by ($52,000) by $60,000. This consists of: o contract planning by $40,000; and o Private Plan changes of $25,000. Contribution Revenue • Revenue is forecasted to be under the original budget by ($1,628,000). Planning for the Future - Hazard Management Principle contributors are: • Cost of the Moanatairi Project is forecast to be $350,000 with an o Wastewater ($742,000) in Tairua Pauanui and original budget of only $86,000. Part of the costs has been recovered Whangamata. by charges to WRC and the Ministry of the Environment (MFE). o Water ($369,000) of which Pauanui represents ($204,000). Recoveries are forecast at $250,000. Subsequent events to the o Parks ($191,000) with Mercury Bay and Tairua/Pauanui the October budget revision would now increase the risk around these most significant areas of reduction. numbers.

Subsidies Revenue Healthy and Safe Communities - Building Control • Subsidy revenue is under budget by ($829,000). The subsidy revenue • Building control consent expenses are forecast to be under budget by is directly proportional to the expenditure levels. Expenditure levels $111,000, of which: have been lower than budgeted. o legal costs are forecast to be $40,000 below the original budget; Vested Assets o contract costs for processing consents have been revised • Vested assets are forecasted at $846,000 which is under the original down by $151,000; budget by ($1,854,000). This is a non- cash item and does not impact o consultants costs are over budget by ($41,000) reflecting on rates. the PWC review of the unit; o other costs have been revised up by ($39,000); while Gain on Revaluation of Derivative Financial Instruments o Revenue is forecast to be under budget by ($439,000) due • The original budget has a gain of $691,000. At this stage the financial to the drop off of consents being processed. instruments have not been revalued and as a consequence the • Building Control Monitoring costs are forecast to be $72,000 under October forecast is under the original budget by ($691,000). This is a budget of which $60,000 is legal expenses. non cash item and does not impact on rates. • Building Control Inspections costs is forecast to be $20,000 under budget. Contract inspections are $15,000 under budget. Gain on Revaluation of Forestry Assets • The original budget has a gain of $117,000. The valuation of forestry Healthy and Safe Communities assets will not occur until June 2013 and as a consequence the • Dog control contract costs are forecast at $200,000 under original October forecast is under the original budget by ($117,000). This is a budget reflecting the decision to bring this service ‘in-house’; non cash item and does not impact on rates. • Bylaws are forecast to be under budget by $18,000 of which: o Parking by $18,000 and Depreciation o Liquor licensing by $31,000. • Depreciation costs are forecasted to be $260,000 under the original • Community regulations are forecast to increase by ($25,000) from the budget due to lower levels of assets capitalised in the 2011-2012 original budget, and financial year. • Noise Control by ($73,000). Variances are mainly due to costs being . brought in-house. Finance Costs • Forecast to be under original budget by $663,000 due to less capital works expenditure taking place in the 2011-12 year. As a result the borrowing levels are substantially lower resulting in lower financing costs. o Wastewater interest costs are under the original budget by $392,000; o Water by $95,000; o Roading by $74,000; o Stormwater by $45,000; and o others by $57,000. Roads & Footpaths - District Transportation Cemeteries District Transportation is managed within the total budget and is based • Depreciation costs are forecast to be $40,000 under the original on network needs and priorities. Major variations in the October budget budget revision are explained as follows: • Expenditure on Pavement maintenance both rural and urban is Wastewater forecast to be $253,000 under original budget; • Contract provisional costs are forecast to be under the original budget • Expenditure on District berm mowing is forecast to be under original by $57,000. budget by $40,000; • Expenses at the ES3 plant are forecast to be under the original budget • District road amenity/safety is forecast to be under original budget by by $249,000. $152,000; • Interest costs are forecast to be under the original budget by • Expenditure on abandoned vehicles is forecast to be under original $388,000. budget by $11,000; • Solid waste Biosolids costs are forecast to be under the original budget • District Road bridge maintenance is forecast to be $84,000 under by $89,000. original budget; • Depreciation costs are forecasd to be over the original budget by • District Road depreciation is forecast to be ($186,000) over original ($139,000) budget; • Trade waste bylaws costs are forecast to be under the original budget • District Roads Interest cost is forecast to be under original budget by by $90,000 $64,000. Stormwater • Depreciation costs are forecast to be under the original budget by $270,000 • Interest costs are forecast to be under the original budget by $48,000 OPERATING UNIT AND COST POOL EXPENDITURE For the six month period ending 31 December 2012

2012/13

Last YTD Annual YTD YTD YTD October Forecast

Actual Plan Estimate Actual Variance Revision Variance

$000's $000's $000's $000's $000's $000's $000's

Expenses Operating Units

Corporate Management CEO 2,176 985 986 (1) 2172 4

Corporate Management Coms 156 79 144 (65) 187 (31)

Customers Services 805 405 438 (33) 847 (42)

Financial services 676 320 426 (106) 738 (62)

Governance support 376 180 168 12 376 0

Planning 1,256 599 661 (62) 1295 (39)

Mercury Bay Area Office 666 311 299 12 689 (23)

Whangamata Area Office 761 364 392 (28) 823 (62)

Thames Coro Area office 578 271 322 (51) 674 (96)

Records 359 184 260 (76) 527 (168)

Revenue Services 1,133 619 601 18 1131 2

Infrustructure 1,934 853 872 (19) 1567 367

Support Services GMSS 554 268 401 (133) 717 (163)

Human Resources 563 269 186 83 532 31

Legal Services 0 0 5 (5) 15 (15)

Systems 2,521 1,501 1,300 201 2476 45

Regulatory Services 1,170 559 624 (65) 1257 (87) 0 Total Operating Unit Expenditure 15,684 7,767 8,085 (318) 16,023 (339)

Expenses Cost Pools

Admin Buildings Mary Street 132 72 60 12 125 7

Admin Buildings Thames 352 183 157 26 348 4

Admin Buildings Coromandel 46 28 19 9 43 3

Admin Buildings Mercury bay 82 48 43 5 84 (2)

Admin Buildings Whangamata 65 41 34 7 67 (2)

Photocopying 167 84 69 15 153 14 0 Total Cost Pool Expenditure 844 456 382 74 820 24

TOTALCOSTS 16,528 8,223 8,467 (244) 16,843 (315) Operating Units and Cost Pools The following are (increases)/decreased in costs in the October forecast compared to the original budget

• Customer Services o Answer phones services forecast to be over the original budget by ($30,000) o Recoveries of wages and salaries are forecast to be $35,000 over on original budget.

• Financial Services o Consultants costs are forecast to be ($87,000) over original budget reflecting contract maternity cover and this is offset in part by a reduction in wages and salaries.

• Planning o Consultants costs forecast to be ($38,000) over original budget. This is offset with a corresponding drop in the infrastructure cost centre.

• Area Offices o Costs are forecast to increase over the original budget in each of the area offices mainly due to redeployment of staff and associated motor vehicles costs that were provided for in other cost centres in the 2012 Ten Year Plan which was constructed prior to the 2012 restructure.

• Records o Contract costs for outsourcing are forecast to be over original budget by $168,000 this decision was made after the completion of the 2012 Ten Year Plan and therefore not incorporated in the original budget for 2012/2013.

• Infrastructure o Consultant costs are forecast to be $180,000 under original budget. $38,000 of this is cost now resides in the Planning Operating Unit. o Motor vehicles costs are forecast to be $44,000 under the original budget; o Wages and salaries costs are forecast to be $102,000 under the original budget and; o Depreciation costs are forecast to be $32,000 under budget. o Motor vehicle, wages and salaries and depreciation forecast savings are due to the transfer of costs to the Area Offices. Wages and salaries is also due to non - recruitment of staff. .

• Support Services o Consultant costs are forecast to be $10,000 under original budget o Wages and salaries are forecast to be over original budget by $(180,000) due to recruitment of legal staff, together with six months costs associated with process analyst and Track 24 support which were not provided for in the original budget.

• Systems o Consultant costs are forecasd to be ($70,000) over original budget for GIS support offset by wages and salaries under original budget by $54,000 o Software maintenance costs are forecast to be are under budget by $65,000 and Software upgrade are forecast to be $15,000 under budget.

• Regulatory services o Contract costs are forecast to be over original budget by ($12,000); o Motor vehicles costs are forecast to be over the original budget by ($51,000) and; o Depreciation of motor vehicles is forecast to be over the original budget by ($22,000). o These costs are forecast to be recovered by charges to bylaws at $78,000. CAPITAL EXPENDITURE BUDGET CHANGES For the six month period ending 31 December 2012

2012-13 Cost Projection - in $$$

October 2012 Budget Council Decisions 2012/13 revision Project 2012/13 Budget Per Carry 2012-13 Spend YTD to Ten year Council BFWDs Other Budget Forwards into Amended 31 December Plan from 2011/12 Decisions Change 2013/14 Budget Values 2012

DISTRICT

Admin Buildings - Upgrade Thames 40268 40268 2400

Admin Buildings - Upgrade Thames County Building 139145 139145 0

Admin Buildings - Thames Building Roof 80000 80000 0

Admin - Computer Software 573516 573516 56548

Admin - Computer Hardware 553776 553776 650316

Admin - Plant & Vehicles 512356 166290 678646 205470

Admin - Furniture & Fittings 187931 187931 10430

Comm Facil - Cemetery Renewals 13175 13175 90

Comm Facil - Cemetery Mercury Bay Cem Dev Stg 1 310934 -251000 59934 6030

Comm Facil - Cemetery Minor Projects 3162 3162 3000

Comm Facil - District Toilets Renewals 168642 168642 63441

Econ Dev - Freedom Camping Dump Sites 26350 26350 12000

Econ Dev - TourismGateway Signage 26350 26350 0

CSW - Rural Fire Equipment 25974 25974 0

CSW - Emergency Mgmt Warning System 51949 -51949 0 51949

RDG - Pavement Treatment 2717136 -667130 2050006 385938

RDG - Unsealed Road Wearing Course Replacement 384175 456528 840703 98860

RDG - Unsealed Road Basecourse Replacement 656528 -456528 200000 275622

RDG - Major Damage Control 780597 780597 381138

RDG - Maintenance Chip Seal 1938644 -788644 1150000 1056624

RDG - Thin AC Surfacing 444240 -154240 290000 330429

RDG - Seal Widening 160438 160438 1496

RDG - Square Kauri Bridge 127500 -37500 90000 45

RDG - Bridge Component Replacement 197520 197520 54723

RDG - Delmaneys Corner Flood Mitigation 21250 21250 9510

RDG - Tairua Manaia Road Causeway 106251 -104241 2010 45

RDG - Traffic Services Renewals 177438 -32438 145000 39786

RDG - Traffic Services Dust Sealing 138116 138116 124688

RDG - Minor Safety Projects 384626 384626 84955

RDG - Stony Bay Road Improvements 106250 4223 110473 101547

RDG - Road Legislation 118779 118779 5039

Solid Waste - Compactor Replacements 43280 43280 12766

Solid Waste - RTS Renewals 94086 94086 41136

Solid Waste - RTS Misc Improvements 68525 68525 16921

Solid Waste - Molok Replacements 6375 6375 0

Solid Waste - Community Litter Bins Repl 23543 23543 268

Solid Waste - RTS & Green Waste M/Bay South 74375 74375 0

Solid Waste - RTS Transporter Bins 38381 38381 0 2012-13 Cost Projection - in $$$

Solid Waste - New Moloks 28513 28513 0

Waste Water - Thames Renewals 829057 829057 2952

Waste Water - Coromandel Renewals 76931 -26931 50000 1760

Waste Water - Coro Treatment Plant Upgrade 663139 663139 408080

Waste Water - Oamaru Bay Renewals 2241 2241 659

Waste Water - Matarangi Renewals 30730 30730 824

Waste Water - Matarangi Treatment Upgrade MFU 640198 -600000 40198 0

Waste Water - Whitianga Renewals 85146 85146 10404

Waste Water - Whitianga Pump Station Upgrade 213399 -100000 113399 0

Waste Water - Whitianga Biosolid Infrastructure 900001 227436 1127437 695639

Waste Water - Whitianga CBD Upgrades 4098 36782 40880 12840

Waste Water - Whitianga Treatment Plant Disposal 298759 455241 754000 487188

Waste Water - Cooks Bch Renewals 29236 29236 673

Waste Water - Cooks Bch Treatment Disposal 190993 -180000 10993 300

Waste Water - Hahei Renewals 21340 21340 643

Waste Water - Tairua Pump Station Upgrade 36802 36802 0

Waste Water - Tairua Renewals 41079 41079 6770

Waste Water - T/P Treatment & Disposal Im 0 133922 133922 84008

Waste Water - Pauanui Pump Station Upgrade 0 54638 54638 14041

Waste Water - Pauanui Renewals 59645 59645 2245

Waste Water - Onemana Renewals 21020 21020 5385

Waste Water - Whangamata Renewals 114275 -34275 80000 8632

Waste Water - Whangamata Effluent Disposal 36036 36036 0

TOTAL DISTRICT 15771381 944075 0 -1585812 -1235241 13894403 5826253

THAMES WARD

Comm Facil - Hall Furniture & Fittings 2108 2108 0

Comm Facil - Te puru Hall Roof Repairs 59332 59332

Comm Facil - Harbours Thames Renewals 1054 1054 0

Comm Facil - Library Furniture & Fittings 7792 7792 3377

Comm Facil - Library Books 110356 110356 43894

Comm Facil - Library Building Repairs 505927 -505927 0 0

Comm Facil - Parks Thames Renewals 13175 13175 11654

Comm Facil - Parks Thames Skatepark 52701 -32701 20000 0

Comm Facil - Parks Thames Minor Reserves Projects 53755 53755 1380

Comm Facil - Parks Thames Reserves Carpark Reseals 38691 38691 34081

Comm Facil - Parks Thames Community Sports Facility 20000

Comm Rdg - Thames Construction 69058 15476 84534 4314

Comm Rdg - Thames Rehabilitation 29004 29004 22538

Comm Rdg - Thames Street Lighting 0 0 0

Comm Rdg - Bowling Club Car Park Development 212501 -212501 0 1103

Comm Rdg - Thames Streetlight Improvements 10624 10624 45 2012-13 Cost Projection - in $$$

Comm Rdg - Thames Streetlight Renewals 10624 10624 1204

Comm Rdg - Hauraki Plains Cycleway Signage & Conn 31876 31876 0

Comm Rdg - Thames Street Furniture Renewals 7650 7650 0

Stormwater - Thames Renewals 623446 623446 16043

Water - Thames Valley Renewals 159623 159623 12057

Water - Thames Valley New Supply & Reticulations 312537 312537 62240

Water - Matatoki Renewals 107660 107660 1670

Water - Matatoki New Supply & Reticulations 133944 133944 64776

Water - Thames Urban Renewals 679997 679997 14608

Water - Thames Urban Treatment Upgrade 618859 -590000 28859 140

Water - Thames Urban Kauaeranga Consent 10754 10754 0

Water - Thames Urban Reservoir Replacement 0 17988 185012 203000 0

Water - Thames System Improvements 254799 254799 40140

Total Thames 4047761 44218 244344 20000 -1341129 3015194 335263

COROMANDEL WARD

Comm Facil - Coro Citizen Hall Refurbishment 96969 96969 38563

Comm Facil - Harbours Coro Hannafords Jetty Mod 0 140000 140000 28902

Comm Facil - Resource Consent Aquaculture 850000 -425000 425000 13145

Comm Facil - Coro Wharf Refuel Consent 0 0 0

Comm Facil - Harbours Coromandel Renewals 5270 5270 1423

Comm Facil - Parks Coro Sportsville 21080 21080 1000

Comm Facil - Parks Coro Renewals 13175 13175 7954

Comm Facil - Parks Coro Minor Reserves Projects 5270 5270 90

Comm Facil - Parks Coro Reserves Carpark Reseals 24079 24079 2079

Comm Rdg - Coromandel Construction 44198 31889 76087 360

Comm Rdg - Coromandel Rehabilitation 7252 7252 47

Comm Rdg - Coromandel Hauraki Road Cul de Sac 48563 48563 0

Comm Rdg - Coro Streetlight Improvements 16974 16974 45

Comm Rdg - Coro Streetlight Renewals 3625 3625 625

Comm Rdg - Coro Street Furniture Renewals 2550 2550 45

Comm Rdg - Coro Pottery Lane Sealing 21250 21250 0

Stormwater - Coromandel Improvements 58000 58000 0

Stormwater - Coromandel Renewals 63273 63273 1007

Water - Coromandel Renewals 307722 307722 22600

Total Coromandel 1540687 80452 140000 0 -425000 1336139 117884 2012-13 Cost Projection - in $$$

Comm Facil - Whiti Civic Centre F/Brgd Land 149971 149971 35346

Comm Facil - Hall Hahei Kitchen Upgrade 10711 10711 0

Comm Facil - Whiti Town Hall Furniture & Fittings 5270 5270 0

Comm Facil - Whiti Halls Electrical Upgrade 10540 10540 0

Comm Facil - Harbours Whiti Ramp Carpark Sealing 0 4513 5487 10000 0

Comm Facil - Harbours Mercury Bay Renewals 0 25000 25000 0

Comm Facil - LibraryBooks 41559 41559 16724

Comm Facil - Library Furniture & Fittings 5195 5195 1856

Comm Facil - Parks Whitianga Sports Ground 1034749 2070195 3104944 1673827

Comm Facil - Mercury Bay Parks Signage 0 0 0

Comm Facil - Parks Mercury Bay Renewals 20566 9267 29833 90

Comm Facil - Parks Mbay Buffalo Beach Foreshore Improv 0 0 -111002

Comm Facil - ParksWhitianga Geotextile Bag Wall 0 84479 84479 114879

Comm Facil - Parks Mbay Whiti Heritage Signage 10000 10000 0

Comm Facil - Parks Whiti Sports Ground Purchase 1616423 1616423 1627134

Comm Facil - Parks Cks Bch Flood Protection Wall 121998 121998 8840

Comm Facil - Parks Hot Water Bch Entra - Bull Pad 25000 25000 1260

Comm Facil Parks M/Bay Minor Road & Car Parks 15592 15592 0

Comm Facil - Parks M/Bay Minor Reserves Projects 58919 25000 83919 13071

Comm Facil - Parks M/Bay Reserves Carpark Reseals 57855 57855 4855

Comm Facil - Parks Whiti Buffalo Beach Groynes 52701 52701 210

Comm Rdg - Mercury Bay Rehabilitation 29004 29004 5065

Comm Rdg - Mercury Bay Construction 321391 321391 298172

Comm Rdg - Mercury Bay Whitianga CBD Upgrade 171106 171106 69763

Comm Rdg - Mercury Bay Campbell Street Upgrade 0 0 0

Comm Rdg - M/Bay Streetlight Improvements 22279 22279 45

Comm Rdg - M/Bay Streetlight Renewals 22279 22279 3232

Comm Rdg - M/Bay Street Furniture Renewals 2656 2656 45

Comm Rdg - Whiti Blacksmith Lane F/path Legalisation 31875 31875 0

Stormwater - M/Bay Renewals 81625 -31625 50000 3859

Stormwater - Whitianga Renewals 81625 81625 5155

Stormwater - Matarangi Improvements 441203 -426203 15000 7730

Stormwater - Whiti CBD Upgrade 50448 50448 24866

Water - Matarangi Renewals 46734 46734 4840

Water - Whitianga Renewals 86960 86960 2500

Water - Whitianga Systems Improvements 424452 -400000 24452 0

Water - Whiti CBD Upgrade 41229 41229 2250

Water - Hahei Renewals 29556 29556 0

Total Mercury Bay 5070879 39372 2235161 -457828 -400000 6487584 3814612 2012-13 Cost Projection - in $$$

Comm Facil - Tai/Pau Halls Pauanui Cmmty Centre 25296 25296 0

Comm Facil - Harbours Tai/Pau Renewlas 21818 21818 0

Comm Facil - Harbours Tairua Boat Ramp Complex 52701 52701 21626

Comm Facil - Tairua Library Books 14026 14026 6327

Comm Facil - Tairua Library Furniture & Fittings 5195 5195 164

Comm Facil - Parks Tairua/Pauanui Renewals 39504 39504 90

Comm Facil - Parks Cory Park Domain Youth Zone 100000 100000 27290

Comm Facil - Parks Tai/Pau New Playgrounds 28458 28458 90

Comm Facil - Parks Tai/Pau Minor Reserves Projects 122266 122266 10580

Comm Facil - Parks Tai/Pau Reserves Carpark Reseals 5051 5051 3774

Comm Rdg - Tairua/Pauanui Construction 89085 36032 125117 108482

Comm Rdg - Tairua/Pauanui Rehabilitation 43506 43506 16692

Comm Rdg - Tai Hornsea Rd Kerb & Channel 24861 24861 0

Comm Rdg - Tai/Pau Street Furniture Renewals 531 531 0

Comm Rdg - Tai/Pau Streetlight Improvements 7230 7230 45

Comm Rdg - Tai/Pau Streetlight Renewals 7230 7230 625

Stormwater - Tairua Renewals 65407 65407 340

Stormwater - Tairua Estuary Outfall 115928 -60000 55928 0

Stormwater - Pauanui Improvements 75814 75814 0

Stormwater - Pauanui Renewals 62953 62953 8550

Water - Tairua Renewals 63593 63593 0

Water - Tairua Treatment Plant Upgrade 149380 -125000 24380 0

Water - Tairua Consent 180000 180000 6743

Water - Tai Pepe Valley RBF 0 0 0

Water - Tai River BankFiltration 740496 740496 102537

Water - Pauanui Renewals 81198 81198 0

Water - Pauanui Oturu Intake Upgrade 99626 -90000 9626 0

Water - Pauanui Consent 110000 110000 9413

Water - Paua Aquifer Reconfigure 427252 427252 86549

Total Tairua/Pauanui 2682591 111846 0 0 -275000 2519437 409916

WHANGAMATA WARD

Comm Facil - Whangamata Memorial Hall 0 0 -453

Comm Facil - HarboursWmata Boat Wash Down Facility 168642 -168642 0 0

Comm Facil - Harbours Wmata Renewals 5270 4730 10000 0

Comm Facil - Parks Wmata Renewals 13898 13898 9656

Comm Facil - Parks Wmata Moana Anu Anu 0 0 0

Comm Facil - Parks Wmata Island View Res Dev 40053 40053 0

Comm Facil - Parks Wmata Harbour Walkway 158102 369369 9507 536978 314589 2012-13 Cost Projection - in $$$

Comm Facil - Parks Wmata Minor Reserves Projects 22134 25375 47509 8848

Comm Facil - Parks Wmata Reserves Carpark Reseals 60290 60290 0

Comm Rdg - Wmata Construction 235331 235331 9265

Comm Rdg - Wmata Rehabilitation 7181 7181 5732

Comm Rdg - Wmata Street Furniture Renewal 2763 2763 1815

Comm Rdg - Wmata Streetlight Improvements 16975 16975 45

Comm Rdg - Wmata Streetlight Renewals 10625 10625 335

Comm Rdg - Wmata Mum’s Corner Pulloff 106250 106250 6495

Comm Rdg - Wmata Xmas Lights & Decorations 2125 2125 0

Stormwater - Wmata Improvements 213400 213400 3600

Stormwater - Wmata Renewals 80878 80878 340

Stormwater - Onemana Renewals 32330 32330 1747

Water - Onemana Renewals 13978 10000 23978 280

Water - Onemana Tuna Place Bore 64502 64502 24103

Water - Wmata Renewals 111288 111288 210

Water - Wmata System Improvementd 477588 477588 0

Water - Wmata Consent Renewals 70422 -50000 20422 0

Total Whangamata 1849523 459246 9507 14730 -218642 2114364 386606

GRAND TOTAL 30962822 1679209 2629012 -2008910 -3895012 29367121 10890534 CAPITAL EXPENDITURE SPEND YTD COMPARED TO 2012/2013 ANNUAL BUDGET AND PRIOR YEAR ACTUALS For the six month period ending 31 December 2012

35 Millions 30

0 July August September October November December January February March April May June

Capital Expenditure 2009-10 Capital Expenditure 2010-11 Capital Expenditure 2011-12 Capital Expenditure 2012-13 Capital Expenditure Bud 12-13

TREASURY For the six month period ending 31 December 2012

Total external debt drawn down and borrowing facilities Net external debt and spare capacity available (based on available (net of $15 million buffer) external debt not exceeding 150% of annual rates income) 65 90 millions

60 millions 72

54 50

45 36

40 18 35

30 0

2011-12 2012-13 Limit (net of buffer) External Debt Spare Capacity

External Borrowings ($ millions) As at 31 December 2012 Interest Rates As at 31 December 2012

Drawn Down $41.200 Hedged % of 31 December 2012 debt forecast 12 months Borrowing facilities $67.000 - Fixed 64.00% Available Borrowing $25.800 - Floating 36.00%