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Taupo District Council TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 1 DIRECTORY HEAD OFFICE Terrace 72 Lake Bag 2005 Private 0899 TAUPO 376 NEW ZEALAND Ph: 07 Fax: 07 378 0118 CENTRES SERVICE DELIVERY Centre Town Turangi 34 P O Box TURANGI Ph: Fax: 07 386 7017 07 386 8449 Centre Mangakino Town 8700 9 P O Box 882 MANGAKINO Ph: 07 Fax: 07 882 8330 BANKER Bank of New Zealand (transactional) - Taupo ANZ Bank – Hamilton (funding) SOLICITORS Le Pine & Co - Taupo AUDITOR on behalf of Audit New Zealand The Auditor-General INSURANCE BROKER Thompson Ltd Jardine Lloyd Auckland TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 3 ow Statement 94 fl ELECTED MEMBERS AND STAFFING ELECTED MEMBERS AND STAFFING 155 Council Members Committee and Community Board Members 157 Council Management Council Staff 156 158 159 FINANCIAL PERFORMANCE Our Finances at a Glance Consolidated Income Statement 89 Consolidated Statement 91 of Changes in Equity 90 Consolidated Balance Sheet Consolidated Cash Statement of Accounting Policies 93 Notes to the Financial Statements 95 106 Council Controlled Organisations 92 Fund The TEL Investment 145 154 Lakes and River Systems Systems and River Lakes Land Drainage and Stormwater 62 Wastewater 60 Solid Waste 58 Economic Development and Destination Marketing 70 Management Visitor Centres 69 Strategy Economic Development and Implementation Projects Economic Development 64 Good Governance and 75 Strategic Alliances and Advocacy Governance, 72 79 Leadership 73 Community Planning and 81 Partnerships 78 Planning Strategic Continuous Improvement 86 83 16 cer’s cer’s Report 8 fi
Introduction Statement of Compliance of the Auditor-General Report SERVICE PERFORMANCE 19 18 Introduction Results Service Performance Managing Growth 17 21 Planning Development 23 Urban Land Development Strong Communities Emergency Management 36 Roading 24 25 28 22 Supply Water Services Regulatory 32 34 Community Support Community Facilities and Leisure Services Recreation Sustainable Environment 46 Planning Environmental 40 Nui-a-Tia 2020 Taupo 42 38 52 44 Taupo Protecting Lake 53 54 56 Mayor’s Report Report Mayor’s Of Chief Executive 7 RESULTS CONTENTS 1 Directory 2 Contents Spent Were Rates How Your Here’s 4 6 OVERVIEW The District of this Annual Report Role Report Governance Opportunities for Maori Contribution to Decision Making Processes 13 15 14 12
TUAPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 2 HERE’S HOW YOUR RATES WERE SPENT
ON AVERAGE IT COST EACH RATEPAYER
$1,638 TO OPERATE THESE SERVICES LAKES & PROTECTING RIVER LAKE TAUPO SYSTEMS $67 $3 TAUPO WATERATERTE SUSUPPLY AIRPORT $1944 $1
ENVIRONMENTAL PLANNING $48
CORPORATE & STRATEGIC $55 ECONOMIC DEVELOPMENT REGULATORY COMMUNITY & MARKETING SERVICES FACILITIES $76 $43 $91
MANAGING GROWTH $20
GOVERNANCE, COMMUNITY & STRATEGIC EMERGENCY PLANNING MANAGEMENT TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 $216 $13 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 SOLID WASTE $90
ROADINGROAD STORMWATER $206 $32
COMMUNITY RECREATION SUPPORT & LEISURE $41 $203 WASTE WATER $239
4 5 MAYOR’S REPORT
TAUPO DISTRICT – ACTIVE AND PROGRESSIVE As I go about my business in the District, I am always struck by the sheer amount of activity that seems to be a part of everyday life in the Taupo District. There is nearly always a pleasant ‘hustle and bustle’ in the Taupo CBD and, of course, the District really gets moving whenever we have one of our many events.
Council, of course, plays a large part in the support that needs to happen behind the scenes, to allow our townships and people to function.
Council organises our towns and designates different parts of them to create an orderly fl ow. We plan the roads and the footpaths, identify high traffi c areas and ensure adequate parking is available. We create industrial zones, residential zones and rural zones to provide for all of the different types of people and lifestyles that need to fi t together to make a community. OVER We provide the pipes and pumps needed to get the drinking water, the waste water and the storm water to where it needs to go. We also provide the proper treatment to make sure the health of our people and the health of our environment are protected.
We support our business communities, and help to nurture and progress the ideas and initiatives that improve our economy, and provide employment opportunities.
The objective of all of this activity - the planning, the consulting and the building - is to create a great place to live, to work and to bring up our children - to build a sense of pride and community.
The Taupo District has so many things going for it. We have clean streets, great gardens and beautiful natural landscapes. Not only is our environment wonderful to look at: we can make the most of recreation by enjoying our natural environments, such as the lakes and rivers, mountains, and bush.
We have vibrant and active communities that embrace recreation and sports, arts, music and Maori culture. Our environmental efforts to preserve and improve the quality of our Lake and protect our rivers from threats, are nationally recognised.
Taupo is a district on the move and this Council is right there, at the forefront, helping to
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 keep things moving. We are proud of our District and the part we play in it, and we are TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 keen to keep moving forward. TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 OUR MISSION STATEMENT He Kaunihera kei te whai whakaaro i nga hiahia o nga tangata katoa. He mea arataki, hei tautoko, hei koi ake i a ratou. Clayton Stent A Council in tune with the needs of the community providing direction, Mayor leadership and support.
6 7 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 9 and letting of the and letting ve times over the over times ve fi ation for the Western Kinloch the Western ation for cantly decreasing processing n e year for fat for e year fi ts rsection upgrad rades in Ma rades oa ts for cyclists ts for fi ll was 34,920 cubic metres, a reduction of 25.3% from the 34,920 ll was fi ciencies have been obtained, and include signi been obtained, and include ciencies have fi 2006/07 year, to assist the Police and Fire Service with search and rescue operations to assist the Police 2006/07 year, the use of the Wairakei-Tauhara geothermal system to ensure the Wairakei-Tauhara system to ensure the Wairakei-Tauhara geothermal the use of the Wairakei-Tauhara effects of subsidence are geothermal system is sustainably managed, and the adverse addressed 2007. Council collects formally established on 9 February by 20 percent, was the Lake its share of the funding via a targeted rate treatment plant upgrade; Mangakino treatment plant; design and construction of Motutere resource consent design and construction of Whareroa pond rehabilitation and obtaining consent has met resource treatment plant. Turangi Mile Bay / Five for the Waitahanui commenced conditions since full operations tender for construction tender for (WeKA) Arterial and child restraints. hours. This equates to 98.6% achievement at a Headquarters level. conducted during the year are being put in place minimisation programmes Waste 1999/00 year. ciencies in providing a “one stop development shop” for planning and regulatory issues. shop” for planning development a “one stop ciencies in providing fi consents for Court hearing concerning resource participated in an Environment We Action Plan responsibilities were met The 2020 Taupo-nui-a-Tia to reduce nitrogen entering which will fund initiatives Trust, Protection Taupo The Lake to land of waste The volume by: completing the design of their treatment of wastewater Council are improving of the and letting land purchase, design, extension Road of the Wakeman Completion Kinloch for the Western route designation for the the notice of requirement Lodging of areas and footpath extension in urban areas work in rural Seal extension seal widening work with bene Road Poihipi Road and Acacia Bay between Wily Terrace wall Retaining in Mangakino Street upgrades Street and Rata the Taniwha Completion of intersection upgrade Road / Whites the Broadlands Road Completion of safety fatigue, cycle for the year projects implemented during Community road safety with 2,486 responded to within 24 There were 2,521 regulatory complaints received, the known dogs in the district, 97% were registered Of has been called out (USAR) Team Emergency Response The Taupo being 2007, with two other exercises held in May was A successful pandemic exercise times for consents and approvals, ensuring better customer responsiveness by having all by having ensuring better customer responsiveness times for consents and approvals, a better working environment matters, and establishing experts on hand for development for customers and staff. within the with 98% granted during the year, granted There were 390 resource consents and size of the the complexity given a spectacular achievement statutory timeframe, is noted that this places Council in the top few percent of applications faced by Council (it nationwide). Council’s include: Other outcomes achieved These ef services in the present, Council has a responsibility to focus As well as working to improve to position us to respond to on the future health and prosperity of the District. In order future needs we undertook the following long term actions. • • • • • • • • • • • • • SERVICE DELIVERING BETTER to requests service and response internal systems, customer to improve Council continue great outcomes to our community. we are delivering for service, to ensure to Gillespie Plaza to achieve Services Division moved The majority of the Environmental ef • • • • FUTURE A SUSTAINABLE CREATING
ed, anchoring fi ed with increased ed with increased fi cant upgrades fi nalised fi cance’ ranking, an endorsement conferred by the Royal New Zealand New Zealand an endorsement conferred by the Royal cance’ ranking, fi rst Annual Report here in Taupo District after having spent nearly six months nearly six spent after having District in Taupo here Report rst Annual fi cers are working with land owners developing structure plans and plan changes for cers are working with land owners developing fi TD2050 into this statutory document resource consent application the growth areas at Whareroa and Mangamawhitiwhiti, Turangi. consultation planned for early in the 2007/08 year Garden of Signi Institute of Horticulture in 2005/06. 50 days assistance during 2006/07 from 13,742 in 2005/06, to 23,427 (from 227 to 259) events events Halls were reviewed, and a Public Art Policy and Cemetery Bylaw were adopted Art Policy Halls were reviewed, and a Public held in making a Arterial (ETA) Continuation of planning and design work for the East Taupo Of undergoing public carried out, with this document Study was Centre Parking The Town Structure Plan has commenced and is to be completed in 07/08 Valley The Mapara been noti have 19, 20 and 21 to the Proposed District Plan Variations the prestigious ‘Regional been awarded South Domain have The gardens in Tongariro in 2006/07, up from worth of events a total of 70 days Centre hosted Events The Taupo purchased with our project was Community Health Centre Land for the Turangi a huge [70%] increase in visitor numbers was and there rebranded The Museum was and had a 14% increase in rating, a four star Qualmark achieved Centre Lake The Great are undergoing signi libraries and Taupo Both the Turangi is being Pool Turtle Planning for the Turangi our Community produced for public consultation, was Urban Housing Strategy Taupo The Council were and Youth Awards Youth Concert, Charter Parade, Eve The New Year’s rm decisions. use and additional revenue being generated. use and additional revenue • • AND ROADING INFRASTRUCTURE IMPROVING SAFETY a number of challenges, but we are still progressing. experienced projects have Roading did the following: We • • • There is a good level of ongoing consultation happening with groups and individuals around of ongoing There is a good level much better we will achieve the District. This is set to increase in the future, and I believe of making any well in advance outcomes for the District by working more closely together, fi of a partnering process, with talks and Structure Plan is a good example Valley The Mapara formal process taking place. information sharing happening well ahead of any • • ENGAGEMENT AND CONSULTATION • • • • • • • COMMUNITY community. at making a difference in our undertaking a lot of work aimed Council is currently CHIEF EXECUTIVE OFFICER’S REPORT REPORT OFFICER’S EXECUTIVE CHIEF This is my in the area. Council said on progress in achieving what aims to measure and report The Annual Report great to be able to tick off these Council Community Plan. It is Long Term it would do in the actions. Over the past year, we have initiated many improvements that will make our communities a our communities a that will make improvements many initiated we have past year, the Over been justi have improvements These work and play. better place to live,
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 8 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 11 ecting a growing District ecting a growing fl ts earned from the subdivision and sale of surplus subdivision and sale of surplus ts earned from the rst time our Balance Sheet shows ratepayer equity equity ratepayer time our Balance Sheet shows rst fi fi cer cer gure is considerably in excess of the $2m budgeted from this source for $2m budgeted from this source of the in excess gure is considerably fi fi in excess of $1 billion. This result was achieved principally by revaluation gains on land and principally by revaluation achieved of $1 billion. This result was in excess building assets. OUR FINANCES with a budgeted This compares this year. achieved million was surplus of $14.4 An operating that It must be remembered million surplus. $14.9 and last year’s of $5.5 million, surplus infrastructure such as the items non-cash revenue comes from surplus Council’s much of of / net assets of the surplus of the share recognition ($5.2m); by developers vested of gains in the value net fair value ($3.1m); and Protection Trust Taupo associate, the Lake In addition, it should be noted the income statement ($0.7m). through taken assets various includes $7.1m of pro that the surplus Council land. This the 2006/07 year. picture, re healthy a very Balance Sheet presents Council’s the For in its infrastructure. investing IN CONCLUSION its sense rediscovered this Council seems to have impression is that overall my I would say and really started to connect with out from behind the walls ventured has of community, District - the people. the most important aspect of our started come once those projects we have better results even to achieving I look forward of Riverside development Libraries, and Turangi Taupo to completion. This includes the Resource of the Broadlands Road development and Flood Strategy, Foreshore Taupo Park, work begins on a number of here as physical to being forward Centre. I also look Recovery Arterial). (East Taupo major projects, including the ETA Williams Rob Of Chief Executive y ties and cance to our District, and rst time in January 2007. fi fi e Solid Waste and Trade W and Trade e Solid Waste eveme ming Pools Bylaw [currently o Bylaw [currently ming Pools 8 Ann chan meteries Bylaw, the Solid Waste and Trade Wa Trade and the Solid Waste meteries Bylaw, Libraries/Swimming Pools Bylaw [currently Pools Libraries/Swimming uenced by the A1GP event held in Taupo for the held in Taupo uenced by the A1GP event fl cant part of our economy is driven by tourism and events. Destination Lake Taupo, Taupo, Lake Destination and events. by tourism is driven of our economy cant part fi Bylaw, and the Parks & Reserves/Libraries/Swimming Pools Bylaw [currently out for Pools & Reserves/Libraries/Swimming and the Parks Bylaw, consultation]. undertaken Waikato Regional Plan (Variation 5 – Lake Taupo Catchment). Taupo 5 – Lake Plan (Variation Regional Waikato strongly in traditionally off-peak spring and autumn ‘shoulder periods’ spring and autumn ‘shoulder off-peak traditionally website the Gateway to the World initiatives. to the World the Gateway some residential areas is progressing areas some residential This is been delayed. has Flood Strategy and Foreshore Taupo of the Lake completion in 2007/08 to be completed now expected Waste and Trade Solid Waste the the Cemeteries Bylaw, reviewed bylaws, including We and the 2007/08 Annual Plan were completed The 2005/06 Annual Report was Policy Investment Amendment relating to changes to Council’s The LTCCP Allocation 6 - Water No. Plan Variation Regional Proposed Waikato Management Strategy Pest Regional Draft Statement on Electricity Transmission Proposed National Policy Statement on Flood Risk Management National Policy Draft to the Council also participated in the processes relating to the Proposed Variation Annual Plan Waikato’s Environment Enquiry 2007 Rates Government Local to 2050 Energy Strategy New Zealand Draft Document Land Management and Climate Change Discussion Sustainable result the Taupo and 35% in Taupo, per visitor increased 5.9% in Turangi Revenue into the portfolio the events expanding and hosted 16 major events, Facilitated for this market events training trade Bureau and organised a Conventions Facilitated campaigns secured to meet 52% of the cost of marketing sector funding was Private Domestic visitor nights increased 0.9% a year open 8.30am to 5.00pm, 364 days i-Sites and Turangi Taupo Route Touring New Zealand of the Great Assisted the development in offshore markets and promotional expos training trade Undertaken the regional a domestic campaign and refreshed and redeveloped Implemented Centre and Clean Energy for the New Zealand and monitored developed were Contracts district and business central Town Taupo in parts of the mains of water Replacement the however underway Studies are Study and Flood Shoreline Erosion Taupo The Lake provided submissions on many regional and national issues to ensure Taupo has a voice in has a voice regional and national issues to ensure Taupo submissions on many provided Wellington. • PLANNING FOR OUR DISTRICT AND REPORTING ON PROGRESS PLANNING FOR OUR DISTRICT AND REPORTING and future planning Council has an obligation to plan and report on its services, activities to our communities. also communicate these plans and achievements for the District. We • • • • • • • • • • • • AFFAIRS WITH NATIONAL INVOLVEMENT abreast of national issues of signi Council also continued to keep • • • • • Council’s marketing arm, is dedicated to attracting visitors to our District and providing a our District and providing visitors to arm, is dedicated to attracting marketing Council’s this end they have: To great visitor experience. • • • • TAUPO TO VISITORS ATTRACTING A signi • •
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 10 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 13 rst to which an LTCCP rst to which an LTCCP fi c performance targets for an individual year. fi nancial and service elements of performance for nancial and service elements fi ed in its Long Term Council Community Plan. its Long Term ed in fi c reporting requirements set out in Part 3 of Schedule 10 of the Act. requirements set out in Part c reporting fi ned ‘groups of activities‘– these groups of activities being the strategic themes themes the strategic these groups of activities being ned ‘groups of activities‘– fi ROLE OF THIS ANNUAL REPORT ANNUAL OF THIS ROLE The Annual Report is a key accountability document which compares the Council’s actual the Council’s which compares document accountability key is a Report The Annual Council the 2006/16 Long-Term forecast in against that which was the year performance for Community Plan. and Act 2002, 98 of the Local Government is prepared under section This Annual Report speci conforms to the is centred on the Much of the reporting de Council’s Council identi District that Taupo PLAN AND ANNUAL PLANS TERM COUNCIL COMMUNITY THE LONG TO RELATIONSHIP planning document, normally is a key Council Community Plan (LTCCP) The Long Term focus. It brings together many and setting the agenda with a ten year prepared three-yearly the direction, planning documents and policies. Council is accountable for other of Council’s other than the year every For actions and budgets set in the LTCCP. applies, an Annual Plan is prepared. The Annual Plan while expected to be consistent with applies, an Annual Plan is prepared. the annual budget and speci sets the LTCCP, against the Annual back on our achievements is the forum for reporting The Annual Report Plan and LTCCP. can be obtained from Council. Copies of the 2006/16 LTCCP 2 2 616 km
gures are fi gures as at 1 July fi 2006, population June 2006 estimates, rates for 2006/07 year) revenue Land Area Area Lakes 6,354 km Land Value Land Value $6,964m Capital Value $12,252m 20,765 Properties Rateable Population $34.5m Revenue Rates 34,100 and valuation (Rating property The Taupo District is located in the Central North Island of New Zealand. It includes the It North Island of New Zealand. District is located in the Central The Taupo and Upper dams on the Tongariro the hydroelectric Taupo, large catchment area of Lake areas District contains expansive and substantial geothermal resources. The Rivers Waikato land uses, and includes native pine forests and farmlands as the predominant of exotic Plateau and the Central Ranges and Kaimanawa National Park forests, parts of the Tongariro mountains. three main urban areas in the District. There are also and Mangakino are the Turangi Taupo, Taupo. settlements around the shores of Lake lakeside many and geothermal energy, agriculture, hydroelectric major resources are forestry, The District’s tourism, and scenic and recreational attractions. THE DISTRICT DISTRICT THE
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 12 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 15 cer’s role is cer’s fi cance of these fi cer. The Of cer. fi cer who has Iwi liaison duties. The role cer who fi cance to Tangata Whenua. (Note: to date Whenua. (Note: to date cance to Tangata fi Hapu throughout the Ngati Tuwharetoa Rohe who review major issues Rohe Hapu throughout the Ngati Tuwharetoa Unit with its recently established environmental committee, with Unit with its recently established environmental c and only involves the Hapu with mana whenua status for the area in which the c and only involves fi projects to Maori owned land in the District (estimates have been made that approximately made that approximately been the District (estimates have projects to Maori owned land in is land variations and landscape values owned land subject to the natural 95% of privately on which is location of projects has also been worked in multiple Maori ownership). A range speci Bridge crossing). River Town project is located (for example the Second Taupo an Iwi Management Plan in 2003 and developed Board Maori Trust The Tuwharetoa is the Board’s Coupled with this this document continues to be used by Council staff. Asset Management of all representatives facing the Iwi. TRAINING STAFF a readily accessible to provide for staff, An internal resource continues to be developed In the future, staff will point where information pertaining to Iwi/ Hapu can be sourced. to their role in the organisation. This will assist relative access to targeted training have basis. to day Whenua on a day Council staff in their dealings with Tangata OPPORTUNITIES FOR MAORI OPPORTUNITIES TO CONTRIBUTION PROCESSES DECISION-MAKING to establish and maintain during the year Council has undertaken District Activities Taupo to decision making are as for Maori to contribute opportunities processes to provide follows. BUILDING RELATIONSHIP in place. The a Management Protocol Board have Maori Trust Tuwharetoa Council and the to to meet on a regular basis staff from both organisations for senior Protocol provides Council also has a Memorandum advice from one another. information and to seek exchange Board. Trust Maori with the Raukawa of Understanding Of Communications a Strategic Council employs POLICY DEVELOPMENT Land Rights on the joint pilot project with the Rauhoto Council has continued to work sites of signi Committee to identify and protect of the District.) in one area this work is only being undertaken on the following Whenua at the Iwi and Hapu level Tangata Council has been consulting with Historic and Landscape Values Values, Cultural Values, Plan; Natural to the District variations a hapu to discuss the hui included two hui a iwi and several This consultation has Values. identifying landscapes that are important Whenua has commenced on Tangata issues. Work this It is extremely important that into the 2007/08 year. to them. This work will continue in a complete manner due to the potential signi consultation is undertaken advises Council managers on their engagement with their respective Hapu committees their engagement with their respective advises Council managers on who, Adviser Relationships is supported by the Strategic and/or associated trusts. That role to Iwi and Hapu groupings on Council matters assistance along with other duties, provides Of Land Rating a Maori where required. Council also employs issues relating to Maori land, and on rating information and education principally to provide policy is applied where relevant. remission rates to ensure that Council’s Formulating the District’s strategic direction strategic District’s the Formulating Board. Community (TT) Turangi/Tongariro Committee and Hearings District Regulatory and Audit Committee District Evaluation (TKMP) Committee Taupo/Kaingaroa-Mangakino/Pouakani and upholding the law regulations various Administering systems of management control Ensuring the integrity the public interest Safeguarding of elected members succession Ensuring effective to ratepayers. Reporting risks facing the District Managing principal The TKMP Committee (incorporating the Taupo, Kaingaroa and Mangakino/Pouakani wards) wards) and Mangakino/Pouakani Kaingaroa the Taupo, The TKMP Committee (incorporating consistent with Council’s Community Board and the areas they each represent are and the TT from revenue rating generally, whereby, rates areas for general two rating policy of having of Community Board has high levels that area. The TT each area will be spent within authority from Council in addition to its function of advisory responsibility and delegated being politically responsible for representing its community. – Mangakino/Pouakani the Taupo/Kaingaroa Although not a constituted ‘community’, Community Committee has a role and delegated authority similar to the Turangi/Tongariro areas. with most matters pertaining to its ward to dealing Board, relative • Council has several standing committees, sub-committees and a community board to standing committees, sub-committees Council has several responsibilities. These include: discharging of Council’s monitor and assist in the effective • • • COUNCIL OPERATIONS of Council to manage the operations a Chief Executive Council (elected members) appoints then Act 2002. The Chief Executive of s42 of the Local Government under the provisions activities. Council’s appoints managers to manage / COMMUNITY BOARDS COUNCIL COMMITTEES • • • • • Council provides an essential governance role for the Taupo District. The Council has overall overall District. The Council has role for the Taupo governance an essential Council provides activities. This and control of the District’s accountability for the direction responsibility and responsibility includes: • • GOVERNANCE REPORT GOVERNANCE ROLE COUNCIL’S DISTRICT TAUPO
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 14 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 17 nancial and non- fi nancial performance measures are reported. nancial fi nancial and non- nancial nancial. INTRODUCTION compared their performance councils to report 2002 requires Act Government The Local Plan and Annual Plan. Both Council Community in the Long Term with targets published fi REPORTING SERVICE PERFORMANCE are grouped Activities Council delivers. the groups of activities which This focuses on and how it activity involves information detailing what each themes and into strategic more This is followed by is provided. to community outcomes, is designed to contribute - both achievements on the targets and actual detailed information FINANCIAL PERFORMANCE REPORTING Income Statement, the Balance Sheet and associated This information includes the Information must be prepared in compliance with approved accounting policies and notes. includes the cost of service statements for each strategic accounting standards. It also directly attributable to the revenue on each activity, theme, which show the expenditure net cost and capital expenditure. for funding any those activities, and the mechanisms forms: is in two key Council reporting fi RE
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 16 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 19 NERAL IT or-General. REPORT OF THE AUDITOR-GENERAL AUDITOR-GENERAL OF THE REPORT of the Auditor-General. Report separate Please refer to the nancial fi rm that all the statutory that all the statutory rm fi A J Menhennet GROUP MANAGER FINANCE SERVICES AND CORPORATE 9 October 2007 position and operations nancial fi ect the ect fl nancial reporting. fi nancial statements and the judgements used in them. statements and the judgements nancial fi R T Williams CHIEF EXECUTIVE OFFICER 9 October 2007 STATEMENT OF COMPLIANCE STATEMENT C T A Stent MAYOR 9 October 2007 statements for the year ended 30 June 2007 fairly re statements for the year District Council. of Taupo In the opinion of the Council and Management of Taupo District Council, the annual District Council, the of Taupo the Council and Management In the opinion of The Council and Management of Taupo District Council accept responsibility for establishing District Council accept responsibility Management of Taupo The Council and as reasonable assurance to provide a system of internal control designed and maintaining and reliability of to the integrity requirements of Part 6 of the Local Government Act 2002 have been complied with. been complied Act 2002 have 6 of the Local Government Part requirements of responsibility for the District Council accept Management of Taupo The Council and of the annual preparation Council con District of Taupo and Management The Council
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 18 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 21 Managing Growth Strong Communities Sustainable Environment Economic Development Good Governance and 52 Strategic Alliances 24 32 Continuous Improvement 69 86 78 SERVICE PERFORMANCE Please refer to the separate Report of the Auditor-General. Report to the separate Please refer
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 20 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 23 cantly progressed or the work undertaken did not meet the work undertaken cantly progressed or the fi ed in the performance target was carried out, but there were minor carried out, but there target was ed in the performance fi c percentage target has been set, achievement requires performance achievement c percentage target has been set, fi
ACHIEVED time, cost, quality, including achieved, performance target were All aspects of the - as relevant. quantity and location ACHIEVED SUBSTANTIALLY The activity identi but were slightly higher than budgeted, and/or costs. These slippages slippages in time no more than 5%. ACHIEVED IN PART performance carried out, but the time components of the The planned activity was budget. more than 5% over was target were not met and/or expenditure ON TRACK multiple reporting the reporting period, or covering The measure has a target set outside but can be made, achievement assessment of actual periods. As a result, no conclusive appropriately at present. the activity is tracking ACHIEVED NOT not signi The activity was MEASURED FORMALLY NOT necessary systems were reported on (e.g. the could not be conclusively Performance not statistically or the data collected was not put in place to measure performance reliable). APPLICABLE NOT and the work no longer relevant control, the activity was Council’s beyond Due to events out. not carried was requirements of the target. nitions: fi
SERVICE PERFORMANCE RESULTS PERFORMANCE SERVICE DEFINITIONS ACHIEVEMENT using the following target is assessed consistently of each performance Our achievement de Where a speci the percentage target. There is no substantial or partial of, or in excess either equal to, of these measures. achievement ed effects fi identi cant fi signi of activities), is presented in the introduction to of activities), is presented activities’. the theme under the heading ‘key each activity there is a disclosure under the For heading of ‘How we contribute to community outcomes’. This is reported in the service performance results presented for each activity. any Where relevant, are reported in the activity story boxes. are reported in the activity story boxes. in the service This information is provided boxes, performance results, the activity story and the cost of service statements. This information is provided in the capital This information is provided expenditure tables reported for each strategic theme.
cant fi signi acquisitions or variance. ed effects that an fi cant fi cant fi signi signi cation of the activities within the group.cation of the activities in each theme (or group A list of the activities cation of the community outcomes cation of the community outcomes fi fi
INTRODUCTION Council delivers. of activities which on the groups focuses Report of the Annual This section Government 15 of Schedule 10 of the Local required by Clause It reports the information the means requirements of Clause 15, and below details the reporting Act 2002. The table theme: strategic is presented for each by which this information INFORMATION REQUIRED BY CLAUSE 15INFORMATION HOW THIS IS PRESENTED Identi Identi to which the group of activities primarily contributes. measurement results of any Reporting towards progress demonstrating undertaken, of the outcomes. the achievement identi Description of any activity has had on the social, economic, of the well-being or cultural environmental community. Comparison between the actual levels of service Comparison between the actual levels with together levels, and the intended provision reasons for any Description of any replacements of assets and the reasons for the replacements of assets and the reasons acqusition / replacement. Explanation of the reasons for any between projected acquisitions and variation replacement of assets and actual acquisitions and replacements.
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 22 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 25 t from growth and therefore should t from fi nancial planning. As part of that general responsibility, responsibility, planning. As part of that general nancial fi cient input into regional planning initiatives. Finally, it allows for more effective it allows for more effective Finally, cient input into regional planning initiatives. fi 2006/07 year. However, following the adoption of Taupo District 2050 the Council following the adoption of Taupo However, 2006/07 year. change for a plan by a land owner seeking to prepare a private approached was on together Council staff and the land owner worked substantial part of the Valley. a but it became clear that the Council would need to take planning for the Valley, to be built into much stronger role in leading future growth, and that would have of the preparation the structure plan. In response the Council has initiated the for completion in 2007/08 Structure Plan, with this now due Valley Mapara Environment in the 2006/07 year. Waikato not started by Environment was strategy Sustainable a Regional recently signalled that they intend preparing have Waikato It will be important than a regional growth strategy. rather Strategy Development as part of that strategy Waikato input to Environment for Council to provide the 2007/08 year over development management strategy, continues as the key initiative in the Development Planning in the Development initiative continues as the key management strategy, area. scheduled for completion in the originally Structure Plan was Valley The Mapara possible as the not was Growth Management Strategy Input into the Regional growth district-wide overarching 2050, Council’s District Implementation of Taupo WHAT WE PLANNED, BUT COULDN’T WE PLANNED, COMPLETE: WHAT • • WHAT WE DID: WHAT • not contribute to its cost. to the general greater certainty growth assists in providing Planning for the management of the future regarding of service providers, sector and the full range public, the development direction and demands of growth. DEVELOPMENT PLANNING DEVELOPMENT WE DO: WHAT to a growing need for local councils Act 2002 has clearly signalled The Local Government and in terms of activity look forward of informing way management planning as a Council has focused on growth District Taupo management well as recreation and asset to district planning as its actions in relation planning. Growth - a District-wide District 2050 Taupo Council has prepared proactive, In seeking to be the which provides to the LTCCP, linked is intricately This strategy Management Strategy. from the strategy. implementing the initiatives funding plan for will be in the growth management strategy signalled The implementation of the initiatives cycle. focus for Council during this LTCCP a key direction to overall because it provides growth management planning Council undertakes effective planning that it does. It enables and development the different types of regulatory and ef of services and to the provision agencies with regard government engagement with central funding. provides Contributions Policy Development District 2050, Council’s In addition to Taupo by ensuring that the cost of growth is carried by those another form of growth management dampening growth, it also be seen as works. While this may undertaking development bene in our community do not recognises that many ACTIVITY ACHIEVEMENTS: cient or inadequate fi eet the ep pa and inef between competing land uses icts fl cant effort will be required both in planning for the changes and cant effort will be fi pace with growth. and services keep Ensuring that infrastructure up our District which make communities and their needs Acknowledging the diverse access to affordable, quality facilities and services Providing housing. has access to affordable and healthy Ensuring everyone of our District the special character Balancing growth and keeping resources and features. understanding and managing natural Respecting, Development Planning Development Urban Land Development. THRIVING AND PROSPEROUS of our community that meet the needs opportunities for business and employment Providing and the environment HEALTHY PEOPLE, HEALTHY COMMUNITIES PEOPLE, HEALTHY HEALTHY spiritual and emotional health mental, Physical, • • • • Council’s growth management activities contribute to the full range of Community Outcomes of Community contribute to the full range growth management activities Council’s but mainly: LANDSCAPES – PLACES WE ARE PROUD OF RIVERS, LAKES, and built environment Caring for our natural • • KEY ACTIVITIES: • • COMMUNITY OUTCOMES: OUR CONTRIBUTION TO infrastructure. infrastructure. and tourism growth in accommodation in tourism and the associated Projected increases Not only will the pressure on the District. the potential to place also have based services to stimulate both the commercial it is also likely affect the tourism industry, expected growth to work. sectors as people come here and the residential of the within the constraints for growth in a planned, structured way need to provide We socio- and provision infrastructure cost-effective land availability, environment, natural economic issues. A signi to manage growth. available implementing the tools we have a sustainable quality of life for residents. An integrated Managing growth will help to ensure are consistent with long term plans for service provision approach will also ensure that our growth options and solutions. MANAGING GROWTH MANAGING residential development, for land for demand has faced an increasing the District Recently, growth has Unmanaged development. degree, commercial and industrial and to a lesser to It can result in damage the community. undermine the sustainability of the potential to con environments, sensitive
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 24 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 27 ed anchoring TD2050 into this statutory document TD2050 into this statutory ed anchoring ed fi fi cers are working with land owners developing a structure plan a structure owners developing cers are working with land a structure land owners developing cers are working with fi fi noti noti for the growth area at Whareroa and plan change area at Mangamawhitiwhiti, plan and plan change for the growth Turangi. been District Plan have 20 and 21 to the Proposed 19, Variations and has been lodged for the WeKA The Notice of Requirement commenced Structure Plan has The Mapara Of Of policies required updating, including Council’s asset management Council’s policies required updating, including with updating the plans for the 2009/19 is well under way plans. Work on these contributions policy relies heavily As the development LTCCP. the review until the update had been decided to delay plans, it was will be prepared for the 2009/19 completed. A fully revised policy LTCCP. • • • • • achieved Target Target Not with next reviewed as required Policy Contributions Development from 1 July 2007. major amendment proposed for implementation District 2050, a number of Council’s of Taupo the completion Following Target Target Achieved 11) initiated (section implementation plan actions in Council’s Key key District 2050 the following the adoption of Taupo Following frames. established time and completed in accordance with the been undertaken: actions have cant new Council commissioned fi ned by Taupo District 2050 ned by Taupo fi ed in the Strategic Directions section of Taupo Taupo Directions section of ed in the Strategic fi cient and affordable way. fi rst planned review of Taupo District 2050 is scheduled for District 2050 is of Taupo rst planned review fi development de development and services to support the pattern of for future infrastructure development are tailored to the that national legislation and policy initiatives local situation. and key infrastructure and key character and protection of rural and residential environments town (WeKA) from Kinloch to Taupo papakainga housing buildings and public spaces Ensure that Asset Management Plans support the pattern of areas sites corridors and buffer and protect key provide Identify, Arterial Progress the East Taupo to ensure case before government of the Taupo advocacy Active sequence Implementation of the growth locations, development rural Implement actions to assist in achieving a distinction between plans for the stage 2 growth areas of structure Preparation Anchoring the growth locations in the Proposed District Plan and land use corridor transport of an integrated Establishment Hold design competitions for signi for provision regulatory documents make Ensure Council’s • • • • • • • • • • • supporting capacity of the environment is not degraded of the environment supporting capacity Structure providers. sector and infrastructure certainty to the development and timing of future infrastructure direction for the location planning also provides place in an ef so it takes growth areas will provide for a range of different social and cultural groups and different social and cultural of for a range provide growth areas will good urban design through values enhanced community coincide with the next Long-term Council Community Plan (LTCCP) which will take which will take (LTCCP) Community Plan Council with the next Long-term coincide on the policy work has begun Preliminary consultative 1 July 2009. effect from during the taking place with developers meetings with organised however, review, 2006/07 year. that the focus of the planning is on ensuring – Much of the Environmentally greater provide for future urban areas will Economically – Appropriate planning and other Valley planning for the Mapara – Appropriate culturally Socially and to deferred 2007 was for 1 July Policy Contributions of the Development A review upon include: Achieved upon Directions which are being acted actions under the Strategic Key annually. District 2050 monitored and reported Target Target On track with three years 2050 reviewed at least every District Taupo 2008/09. The 2008, 2011 and 2014) appropriate community consultation (i.e. Target actions identi Key THE DEVELOPMENT PLANNING ACTIVITY HAD A SIGNIFICANT IMPACT ON THE WELL- IMPACT ACTIVITY HAD A SIGNIFICANT PLANNING THE DEVELOPMENT BEING OF THE COMMUNITY: • • • • SERVICE PERFORMANCE RESULTS:
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 26 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 29
developments. produce a Master Plan for the balance Consultants has been engaged to urban for East Urban Lands. The brief is to lead the way of the Taupo The setting a high standard nationally. design in the District as well as through engineering design, towards master plan will be progressed consent. This work will continue lodging for land use and subdivision through 2007/08. run project. This competition was the Lot 60 medium density housing in in the latter part of 2006/07, with the winning entry to be selected the 2007/08 year. sections. stage. Of the 62 sections in the measure as not achieved. reporting of this Target sold, with 8 of these have 51 (82%) Botanical Heights development, remaining 11 are continuing to The sections sold in the 2006/07 year. owned into Council incorporated Urban design principles Achieved considerably. that has slowed market in a competitive be marketed in part 2006/07 this target in the Council has made good progress toward year. Designers and Cheal of Common-Ground Urban A joint venture the running of an urban design competition for was A further initiative Target Target for each release of residential developed strategy Marketing Not Applicable Target the year. section releases during been no new There have Not subdivision established with each within timeframes All lots marketed Achieved hence the some remain unsold, however, been marketed All lots have SERVICE PERFORMANCE RESULTS: PERFORMANCE SERVICE t. fi t of ratepayers fi ve residential lots being set aside for affordable housing in the residential lots being set aside for affordable housing ve fi being a key focus of urban design master planning for Council’s Taupo Eastern Eastern Taupo for Council’s focus of urban design master planning being a key Urban Lands. Urban Lands. bene considerable Victoria development subdivision development Victoria residential subdivision project Socially - with solutions social and environmental – with improved Socially and environmentally Eastern Taupo design master plan for the balance of Council’s Commenced urban to the being through the return from completed developments Economically – residential for Rima Place, Turangi Obtained title and settlement on sales on sales for 34 lots in the Completed construction, obtained title and settlement medium density housing Initiated an urban design competition for the Lot 60 industrial subdivision Road Obtained title and settlement on sales for Rakaunui • • • • • • • WHAT WE DID: WHAT • THE URBAN LAND DEVELOPMENT ACTIVITY HAD A SIGNIFICANT IMPACT ON THE ON ACTIVITY HAD A SIGNIFICANT IMPACT THE URBAN LAND DEVELOPMENT OF THE COMMUNITY: WELL-BEING ACTIVITY ACHIEVEMENTS: Council has previously purchased land with the intention of undertaking urban subdivision intention of undertaking urban purchased land with the Council has previously and for income maximisation. in a controlled manner, to allow for growth its land parcels, for some or all of review its future role as developer While Council may a greater degree have of its urban lands, it can by being the developer it considers that in the way quality of subdivision, lead the growth of the area, of control in managing bene of the land for the community design and maximise the return sustainable urban URBAN LAND DEVELOPMENT URBAN WE DO: WHAT
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 28 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 31 500 1 500
500
267
STATUS PROJECT ed fi KEY A Achieved S Slippage (minor) into future years DC with completion – small carryover Project to be funded by Development expected by 31 August 2007 Contribution – project will not go ahead M and until funds are available X appropriate project identi into future years move Deliberate – major slippage Not achieved (project will not be complete by 31 August 2007) or project will no longer be carried out Budget between Actual and LTCCP Capital Expenditure – Variances Proposed Urban Plan Development Managing Growth 267 X year. 1. Plan has been delayed into the 2007/08 Total Total DESCRIPTION OF PROJECT OF PROJECT DESCRIPTION ACTUAL BUDGET FOR AQUISITION (REFER REASON KEY) $000’S $000’S NOTES CAPITAL EXPENDITURE: CAPITAL 599 $000 2006
7,143 7,742 1,119 1,417
(6,325) - (6,325) - - 2
36 298 25 -
(1) -
1 - 500 - 500 -
975
500 -
2,043 2,045
1,011 (1,034)
(1,034) (6,325) (1,059) -
- -
gures shown in this cost of service statement and fi 889
$000 $000 1,511 7,190 8,079
Actual Budget Actual Actual Budget
(1,063) (6,568)
(6,568) 11,623 (17,128)
267
Transfer (to)/from Reserves (to)/from Reserves Transfer Funded By: Rates General Capital Expenditure Funded by: Loans Raised Loan Repayments 141 Operating Expenditure Planning Development 933 Operating Income Other Income Planning Development Urban Land Development Urban Land Development Net Cost (surplus) of operations 578 Funds General Funds General Note: There is some variance between the budget 126 267
Funding to Reserves Funding to Reserves 2007 2007 the year 1 budgets shown in the 2006-16 Long-Term Council Community Plan. The variances the year 1 budgets shown in the 2006-16 Long-Term Council Community from one strategic relate to a shift in the reporting presentation of a few areas of activity accordingly. Council theme to another, or into a note disclosure. The budget has been realigned remains accountable for the budgets in the LTCCP in their entirety. COST OF SERVICE STATEMENT: COST OF SERVICE MANAGING GROWTH MANAGING RESULTS FINANCIAL
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 30 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 33 festivals achievements. language, education, through history, Maori culture and celebrating Recognising our culture and heritage celebrating and awareness Raising art and other art forms on art and culture: music, dance, Increasing focus their role models and acknowledging by providing people our young Supporting VIBRANT AND DIVERSE VIBRANT all people and supporting Respecting • • • •
trict and ices nity s nt that meet the needs pace with g ng. h ds acceptable that are at levels be provided ed needs and fi and employment that meet th and employment d services keep pace d services keep nancial and personal security, rights, freedoms and levels of equity. equity. of and levels rights, freedoms personal security, nancial and fi cient infrastructure and services such as roads, recreation facilities and water supplies. and water such as roads, recreation facilities and services cient infrastructure fi pace with growth. and services keep Ensuring that infrastructure Designing spaces, buildings and roads with community safety in mind. up our District and their needs communities which make Acknowledging the diverse access to affordable, quality facilities and services Providing lifestyles active Promoting healthy, a strong sense of community belonging. Having of our District the special character Balancing growth and keeping the outdoors and appreciating our beautiful environment Enjoying resources and features. understanding and managing natural Respecting, Community Facilities Community and Leisure Services. Recreation Emergency Management Emergency Roading Supply Water Services Regulatory Support Community
to the community (i.e. cost, quality, frequency). (i.e. cost, quality, to the community about bricks and mortar – they are about people and Strong communities are not just Council has a role in supporting community helping communities to help themselves. and honouring community heritage. creativity encouraging initiatives, Council has a role in together. about how they will live agreements All communities have and rules and policies, to ensure that community values monitoring and enforcing agreed individual rights are respected. These services must respond to identi These services must THRIVING AND PROSPEROUS of our community that meet the needs opportunities for business and employment Providing and the environment SAFE AND SECURE SAFE spiritual and emotional health mental, Physical, HEALTHY PEOPLE, HEALTHY COMMUNITIES PEOPLE, HEALTHY HEALTHY spiritual and emotional health mental, Physical, • • • • • • • • • • • COMMUNITY OUTCOMES: OUR CONTRIBUTION TO to all Community Outcomes. Theme contribute The activities within this Strategic LANDSCAPES – PLACES WE ARE PROUD OF RIVERS, LAKES, and built environment Caring for our natural KEY ACTIVITIES: • • • • • Organisations and institutions such as councils, hospitals, schools and government agencies, agencies, hospitals, schools and government institutions such as councils, Organisations and and by these organisations Services delivered fabric of our community. are all part of the well-being. far reaching effects on community can have they work together the way and effective strong communities is providing role in building component of Council’s A key ef STRONG COMMUNITIES STRONG networks community - education, health, factors upon many strength depends Community and associations,
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 32 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 35 communications checks. communications at a during the year being conducted other exercises 2007, with two each week. are checked communications Radio Headquarters level. survey. by triennial residents’ satisfaction function measured Target Target Achieved and conduct weekly per year, exercises at least two Headquarters Run May successful in very and proved held was A large pandemic exercise Target Not the emergency management of 65% of the community is aware Applicable 2009. April/May maintained. Target is next scheduled for Satisfaction Survey The triennial Resident’s Accreditation Achieved team maintained. Ongoing accreditation of USAR ve ve times fi appointed res. Council has fi re trucks fi cer who prepares the Fire Plan. This Plan is approved annually, and annually, the Fire Plan. This Plan is approved cer who prepares fi day, every day measured by independent assessment by Ministry of day every day, CDEM. and Fire Service with search to assist the Police the 2006/07 year over The team has met all of the assessments by and rescue operations. the Ministry. by independent assessment by Ministry of CDEM. by the Ministry. campaign run at the Taupo Home Show. Home Show. campaign run at the Taupo carried out in conjunction with the Waikato Civil Defence Emergency Management the Waikato carried out in conjunction with District Health Board Group and the Lakes of two of a Fire Plan and procurement year during the exercises in several been involved and they have successful publicity continued, with a very have programmes Community education preparedness for emergency events. Socially - enhancing the community’s was has been a focus and a major pandemic exercise response planning Pandemic brought back in-house, with the development was operation Fire Rural The Taupo team accreditation has been maintained, (USAR) The Urban Search and Rescue THE EMERGENCY MANAGEMENT ACTIVITY HAD A SIGNIFICANT IMPACT ON THE ACTIVITY HAD A SIGNIFICANT IMPACT THE EMERGENCY MANAGEMENT OF THE COMMUNITY: WELL-BEING Target Target all time required, Able to respond to civil defence emergencies at any Achieved has been called out Team Emergency Response The Taupo Target Achieved to national standards measured Team Maintain Civil Defence Response accreditation has maintained Team Emergency Response The Taupo • • • • • WHAT WE DID: WHAT SERVICE PERFORMANCE RESULTS:
ACTIVITY ACHIEVEMENTS: WHAT WE DO: WHAT plans, emergency management District-wide implements and monitors Council develops, the Civil Defence Emergency for emergencies. Under preparation and promotes community for with other authorities to plan 2002, Council must work co-operatively Management Act hazards, risks and emergencies. and respond to Within Group. Emergency Management Civil Defence is part of the Waikato District Taupo Emergency District to form a Southern combined with South Waikato this Group we have body. as the administering Taupo Area (Southern EOA) with Operating to plan for and suppress rural Council also has the responsibility EMERGENCY MANAGEMENT EMERGENCY audited every three years against the requirements of the Rural Fire Management Code of Fire Management the Rural against the requirements of three years audited every Practice. a Principal Rural Fire Of a Principal Rural
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 34 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 37 le fi cant fi and less than 20% of sealed roads over 130 NAASRA over and less than 20% of sealed roads is completed Condition rating than 80% of the inspection length. cycle. on a 2 yearly fatigue safety cycle restraints child reduction speed and crashes, intersection road safety. inattention to roads no greater than 90 NAASRA roughness of all sealed average greater of the network with rutting less than 30mm is Percentage measured in June 2006. The survey calculated that 98% of the survey measured in June 2006. The and the required acceptable level, inspection length had rutting within calculated as meeting this same 99.68% of the total network was target. Satisfaction measured by the triennial Residents’ 75% as exceed and cycleways. for roading, footpaths Survey 2006-2016 period in conjunction with other road safety partners. 448 non injury – a total of 693. The 12 fatal, 56 serious, 177 minor, 274 non-injury – a 2006 results are 4 fatal, 21 serious, 116 minor, 2006 total of 415. This is a 40% reduction between the 2005 and this is a long term measure that requires signi However, years. period. a ten year and sustained reduction over initiative focused on driver fatigue and inattention, and carried out focused on driver initiative other agencies. with several collaboratively achieving: year. The focus of these programmes was on: was The focus of these programmes year. • • • • • • • • a high pro campaign was 1 driver 2010 State Highway The SWATT On track Measured 2-yearly last measured in June cycle, a 2-yearly is measured on Roughness roughness of 85 NAASRA calculated an average 2006. That survey 130 NAASRA. roads over with 11% of sealed last cycle, condition rating is also measured on a 2-yearly Rutting Target 2009. network shall Community satisfaction with the land transportation Not Applicable April/May Target is next scheduled for Satisfaction Survey The triennial Resident’s On track the by 7% from the 2005 result over numbers of crash Reduction results are basis. The 2005 data is reported on a calendar year Crash Target Target of usage by quality road network appropriate for its level A good Target Target Achieved projects implemented per year. community road safety to four Two were implemented during the programmes Six community road safety SERVICE PERFORMANCE RESULTS: PERFORMANCE SERVICE c times fi ts for cyclists fi c assets with a replacement fi cked roads are having an adverse an adverse roads are having cked fi ed and submissions to be heard in ed and fi ows in and around the central business district in and around the central ows fl c fi in the short to medium term. affect on amenity pollution in densely populated areas roading. strategic lakefront and in Acacia Bay where highly traf Acacia Bay and in lakefront Control Gates Bridge area at peak traf particularly in the Taupo and shared footpath. This work has been deferred while a study is carried out to and shared footpath. This work has been deferred while a study bridge Town options than a second Taupo determine whether more cost effective could be used to assist local traf Kinloch Arterial (WeKA), with the public noti Kinloch Arterial (WeKA), to the 2007/08 year (this progress pending stormwater design and approvals) (this progress pending stormwater lodgement for resource consent the tender for construction in urban areas September 2007. areas, and reducing air – reducing threat of spills in sensitive Environmentally by aspects of areas traversed – highlighting and protecting cultural Culturally along the amenity values safety and raising Socially – increasing connectivity, costs, operational times, and vehicle travel Economically – reducing congestion, crossing river Town Designation, design and consenting for the second Taupo Western the notice of requirement for the route designation for the Lodging of forward project. This work has been carried straightening Road Design of the Poihipi work, with bene seal widening Road Completion of Poihipi Road and Acacia Bay between Wily Terrace Completion of the retaining wall in Mangakino Street upgrade and Rata Street of the Taniwha Completion upgrade intersection / Whites Road Completion of the Broadlands Road Collector Road to Mapara Continuation of the planning process for the Acacia Bay with Arterial (ETA), design work for the East Taupo Continuation of planning and letting of extension land purchase, design, and Road Completion of the Wakeman areas, and footpath extension Completion of planned seal extension work in rural THE ROADING ACTIVITY HAD A SIGNIFICANT IMPACT ON THE WELL-BEING OF THE ON THE WELL-BEING THE ROADING ACTIVITY HAD A SIGNIFICANT IMPACT COMMUNITY: WHAT WE PLANNED, BUT COULDN’T WE PLANNED, COMPLETE: WHAT • • • • • • • • • • • • • • • WHAT WE DID: WHAT
ACTIVITY ACHIEVEMENTS: Council manages Taupo District’s local roading network for the safe movement of people and network for the safe movement local roading District’s Taupo Council manages urban areas and within the District - 215km in we own 748km of roads goods. Currently, traf responsible for roading and areas - and are 533km in rural 2006 dollars. $314 million in of approximately land value) (excluding value and public cycling including walking, modes of transport alternative Council encourages as outlined planning between land use and transport and recognises the linkages transport Strategy. 2050, the Growth Management District in Taupo ROADING WE DO: WHAT
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 36 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 39 Water Standards New Zealand grade B or better by 2013. Priorities by 2013. Priorities B or better grade Zealand New Standards Water Taupo Lake from water that extract are those supplies for upgrades Motuoapa, Kinloch, Point, Whakamoenga Bay, Acacia Taupo, including Omori and Whareroa. Hatepe, Target Target to Drinking supply upgraded 80% of water least Beginning in 2006, at Long-term measure continuing on into investigation Bay timing with Taupo Reassessed Now unlikely date of 2013. the target beyond extending by to achieve possibly will see the programme and design into 2008/09, 2007/08, 2013 target date cantly to positive cantly to positive fi ows/pressure in compliance with the New ows/pressure in compliance with the New fl the new treatment cation of a suitable location for fi cant negative outcomes cant negative fi ghting water fi re fi en recorded incidents in Taupo where time exceeded 3 hours. Four where time exceeded en recorded incidents in Taupo Zealand Fire Service Fire Fighting Water Supplies Code of Practice in Supplies Code of Practice Fire Service Fire Fighting Water Zealand urban areas (residual pressure of at least ten metres). standards. water standards. 99.96% compliance with the drinking water (six hours). in Centennial Drive except (urban) and 24 hours (rural) plant. of the community, but also to support tourism, events, and marketing initiatives. and marketing but also to support tourism, events, of the community, consenting issues and the identi in parts of the Taupo Town central business district and some residential areas. district and some residential business central Town in parts of the Taupo had been intended in 2006/07. This project was commencement of construction and because of consenting issues and deferred to allow for further consultation now intends to seek resource consent in the revised project priorities. Council 2007/08 year outcomes in respect of strong communities, whilst drinking water quality must communities, whilst drinking water outcomes in respect of strong signi meet standards to avoid quality is essential to maintain the health drinking water Economically – appropriate signi Socially – increased security and capacity contributes by delayed and pump station. This project was Kinloch reticulation, reservoir mains of replacement water with the installation Asset maintenance and renewals, treatment project. Design, consent, and the water Bay The Tapuaeharuru
THE WATER SUPPLY ACTIVITY HAD A SIGNIFICANT IMPACT ON THE WELL-BEING OF ON THE WELL-BEING ACTIVITY HAD A SIGNIFICANT IMPACT SUPPLY THE WATER THE COMMUNITY THROUGH: WHAT WE PLANNED, BUT COULDN’T WE PLANNED, COMPLETE: WHAT • • • WHAT WE DID: WHAT • • Target Provide Provide Target Achieved Achieved Target Achieved drinking testing to ensure compliance with relevant Continuous water carried out and the result was was The required testing programme Target Not Sev of service disruption no longer than three hours Normal duration Achieved shutdowns. of these were for burst mains, and three were planned SERVICE PERFORMANCE RESULTS: Council is responsible for the safe and effective treatment, storage and distribution of and distribution treatment, storage for the safe and effective Council is responsible the main urban centres of and industrial properties within for residential, commercial water surrounding communities. as well as other smaller and Mangakino Turangi Taupo, ACTIVITY ACHIEVEMENTS: WATER SUPPLY WATER WE DO: WHAT
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 38 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 41 nancial year). fi rate. were of building consents only 63.21% 2006/07 year, Throughout the under the Building Act the timeframes exceeding) now meeting (or 2004. enforcement actions taken met in six of the seven The target was to the regard to the fees payable due to a misunderstanding with subsequently resolved. courts. The matter was non-compliance, appropriate action consent conditions. In cases of with consent holder will be undertaken. as fully Of these, 416 were assessed during the 2006/07 year. further monitoring inspections. In compliant, the balance requiring for non-compliance, and in a warning 35 cases the inspection resulted two abatement notices were issued. (as per Council the beginning of each licensing year
Target Target Substantially with 382 year, during the granted resource consents There were 390 Achieved within statutory timeframes. consents processed Resource is a 98% achievement This timeframe. within the statutory granted Target Not Achieved within statutory timeframes. Building consents processed timeframe. within the statutory granted Target 2007 resourcing has increased in this team and we are Since June Substantially Achieved regarding enforcement. are met Statutory timeframes failed to meet statutory timeframes, One prosecution during the year. Target to ensure compliance with all land use Monitoring will be undertaken Achieved 1,231 inspections monitoring involved land use consent Council’s Target re-licensed within two months of Ninety percent of registered premises Achieved Achieved hours. with 2,486 responded to within 24 hours, a 98.6% achievement year, against the 98% target. year. the registration public holidays). (excluding Saturday safety and good health of the community. with the requirements of the Resource Management Act 1991 provides certainty Management Act 1991 provides with the requirements of the Resource for future generations the environment to the community while protecting public consultation early in the 2007/08 year. public consultation early in the before the end of the 2007 calendar made and accreditation is now expected was year. services has assisted in ensuring the of other regulatory Socially - the provision in accordance - the processing of resource consent applications Environmentally document undergoing carried out with this The town centre parking study was progress Excellent Building Control Authority. as a Accreditation and registration WHAT WE PLANNED, BUT COULDN’T WE PLANNED, COMPLETE: WHAT ON THE ACTIVITY HAD A SIGNIFICANT IMPACT SERVICES THE REGULATORY OF THE COMMUNITY: WELL-BEING Target Target Achieved within 24 An initial response to at least 98% of regulatory complaints during the 2006/07 complaints received There were 2,521 regulatory Target Achieved year. least 95% of known dogs registered by end of registration At by the end of Of the known dogs in the District, 97% were registered Target Achieved a week. carried out at least six days patrols Parking to Business District were patrolled Monday Streets in the Central • • WHAT WE DID: WHAT • • control and compliance monitoring health licensing Environment Parking and compliance. use and subdivision consenting land Resource, and impounding Animal control authority and building control Building consent SERVICE PERFORMANCE RESULTS: • • • ACTIVITY ACHIEVEMENTS: WHAT WE DO: WHAT come from either rules and regulations that implementing involve services Regulatory are: The activities undertaken legislation or Council bylaws. Government • • REGULATORY SERVICES REGULATORY
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 40 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 43 projects and initiatives per year. and initiatives projects agency together with an external has worked period, where Council project or initiative. on a community Target Target Achieved least 12 community to implement at with external agencies Partnerships the reporting been recorded over have Fifteen partnership initiatives
cant fi ned as “Council events”, but events”, ned as “Council fi Charter Parade, Youth Awards, Mayoral Citizen Awards. Citizen Mayoral Awards, Youth Charter Parade, In addition, there were at least three other key the 2006/07 year. which cannot be de community events for which Council’s Community Support staff had a very signi Community Support staff had a very for which Council’s organising role. Policy. distributed with Council policy requirements. A total of $230,500 was programme. community grants to the community through this year’s the reporting assistance to over provided organisations that they have period. aligned to our community outcomes; developing strategy and policy focused on strategy developing aligned to our community outcomes; aspects of the community outcomes; and facilitating events on social delivering Out. Day such as the Mens’ and Womens’ which focus on health and well-being and will be continued into the 2007/08 year. and will be continued into the 2007/08 Council outcomes to organisations with recreational or social grants Socially - distributing This required greater work than anticipated Strategy. Community Development The Carried out a review of Community Halls Completed and adopted a Public Art Policy and Youth Awards Youth Concert, Charter Parade, Eve the New Year’s Facilitated in line with policy. Allocated and monitored Community Grants for public consultation Housing Strategy Urban Produced the Taupo
THE COMMUNITY SUPPORT ACTIVITY HAD A SIGNIFICANT IMPACT ON THE WELL HAD A SIGNIFICANT IMPACT ACTIVITY THE COMMUNITY SUPPORT BEING OF THE COMMUNITY: WHAT WE PLANNED, BUT COULDN’T WE PLANNED, COMPLETE: WHAT Target Target Achieved Concert, held e.g. New Year’s six annual Council events least At were held during community events Council A total of nine key • • • • • • WHAT WE DID: WHAT • Target Achieved organisations made according to Council to community Annual grants carried out in line was programme The 2006/07 community grants Target Achieved to at least 24 groups and organisations per year. Assistance provided recorded 63 groups and Community Support team have Council’s halls for local use. Maintaining community groups and co-ordinating community Facilitating (e.g. ANZAC services) community events Running contracts and establishing service Making grants events and other cultural arts encouraging Coordinating and to be safe Helping communities COMMUNITY SUPPORT COMMUNITY SERVICE PERFORMANCE RESULTS: • ACTIVITY ACHIEVEMENTS: Council seeks to support communities by: Council seeks to • • • • • WE DO: WHAT
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 42 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 45 ed with the provision and cleanliness of public ed with the provision fi overall occupancy rate. occupancy overall units. 8am to 5pm (until 6pm in The Superloo will be open a year. 365 days summer). toilets in the Taupo satisfaction results. All to previous resident The are open all year. at least twice daily and township are cleaned the hours set and continues to be Superloo has remained open within programmes. for events important facility a very respondents are satis District. toilets in the Taupo until 2010. in Taupo the has resulted in a 70% increase in numbers over of Wellbeing, 2006/07). (13,742 visitors in 2005/06 and 23,427 in previous year Target Target Achieved a 95% with for the elderly rental units available 57 quality least At vacating at 99% with few tenants were occupancy rates Overall Target and available maintained and cleaned regularly Public conveniences Achieved been increased in response has programme The extent of the cleaning Target at least 75% of shows that Satisfaction Survey Residents’ Triennial Not Applicable 2009. April/May Target is next scheduled for Satisfaction Survey The triennial Residents’ Achieved in visitor numbers to the Museum and Art Gallery Annual 5% increase Garden of the exhibitions, and in particular the Ora The remodelling nancial year. The projects nancial year. fi ve ve working days. fi Mangakino will be responded to within will be complete in 2007/08. residents and museum which are free to all Taupo all such as our public libraries of our community. and construction got under way before the end of the and construction got under way reviewed Centre project. display development at Taupo Museum and Art Gallery at Taupo development display facilities that are accessible to social and cultural - providing Socially and Culturally older members affordable rental housing for Socially and Economically - providing extensions. Planning and design were completed Library and Turangi The Taupo its theme. The fees and charges were also the Museum and developed Rebranded Health Community of the land for the Turangi Assisted in the successful purchase and the associated Garden of Wellbeing Ora Completed the installation of the Adopted and rolled out the Cemetery Bylaw providing a library reference service, access to information technology and programmes programmes to information technology and reference service, access a library providing of activities THE COMMUNITY FACILITIES ACTIVITY HAD A SIGNIFICANT IMPACT ON THE WELL- HAD A SIGNIFICANT IMPACT ACTIVITY THE COMMUNITY FACILITIES BEING OF THE COMMUNITY: WHAT WE PLANNED, BUT COULDN’T WE PLANNED, COMPLETE: WHAT Target Target service and resources. Measured by: A public library a) Not Applicable a) Satisfaction least 80% satisfaction from the triennial Residents’ At Survey 2009. April/May b) Achieved b) level the number of issues at the 2004/05 year Maintain or exceed is next scheduled for Satisfaction Survey a) The triennial Residents’ issues) (304,000 items. service issued circa 350,000 b) The library Target and Turangi information in Taupo, All enquiries concerning cemetery • • • • • WHAT WE DID: WHAT • • Achieved Achieved to within the set timeframes. were responded All enquiries received and Art Gallery Museum the Taupo accommodation for older persons affordable rental services three public cemeteries and associated burial and cemetery maintenance public and visitors to the District. free or paid entry toilets for the use of the general and other items, as well as that lend books Turangi Mangakino and in Taupo, libraries SERVICE PERFORMANCE RESULTS: ACTIVITY ACHIEVEMENTS: • • • • One of Council’s roles is to provide and promote community facilities that support our culture, facilities that support our culture, and promote community provide roles is to One of Council’s education and recreation. good health, safety, encourage people to the area and attract provide: We • COMMUNITY FACILITIES COMMUNITY WE DO: WHAT
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 44 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 47
1 cance” status. It is clear that the cance” status. It is clear fi ve working days. ve fi ed with the quality and range of recreation and of recreation and range ed with the quality fi owing litter bins. fl line with the target. However, there have been complaints received been complaints received there have line with the target. However, and for this reason the target has on occasion regarding litter bins, with on a timely been dealt have All complaints not been achieved. basis. a four star rating. maintenance required a closure of From time to time, essential days. been done in a this has always sections of the pool complex; however, and service manner that has resulted in minimal impact on operations levels. annum between July 2006 and June 2016. (in comparison in 2006/07 in 2006/07 – giving a total of 39 events - a total of 33 and 14 small events with 2005/06 - 19 large events This is a 15% increase. events). in 2006/07. to 70 days in 2005/06 increased from 50 days residents are satis residents facilities. sporting high standard, for example the Tongariro South Domain garden has South Domain garden for example the Tongariro high standard, Signi “Garden of Regional received ambitious target given per resident target is an two square metres to be have that this target will and it is likely budgetary constraints, reviewed in the future. are acknowledged within over
At least 2 square metres per resident. Not Achieved Achieved Not a week in days out seven Litter collections and patrols are carried Target Achieved three star plus Qualmark rating. Centre maintains Great Lake Centre achieving with the Great Lake exceeded, The planned target was Target Achieved a year. Centre open 364 days Events Taupo AC Baths and for the required 364 Centre were open Events The AC Baths and Taupo Target Achieved Centre by 2% per Events held at the Taupo Increase number of events 17 small events and Centre hosted 22 large events Events The Taupo has also utilised for events the Centre was that The number of days FOOTNOTE 1 Target Target 2009. 75% of shows that at least Satisfaction Survey Residents’ Triennial Not April/May Applicable Target next scheduled for is Satisfaction Survey The triennial Residents’ and town environs. reserves Public gardens that enhance Not Achieved to a continue to be kept by Council the public gardens provided not met. However, The target of two square metres per resident was Target Achieved that all requests service that ensures and reserves A reliable parks Target of a week, and no complaints days collection and patrols seven Litter community 365 days a year. a year. community 365 days a year. 365 days cient geothermal heat transfer system at the Taupo Events Centre. The Centre. The Events system at the Taupo cient geothermal heat transfer fi visitors of the District. be completed in this coming year. larger project following community consultation and will now continue into the larger project following community consultation and will now 2007/08 year in 2007/08 designed and consulted on with construction to be completed plan management the reserve energy-ef known as Riverside Park known as Riverside and litter bins the installation of new street seating 2007/08 in scheduled and budgeted for was implementation work for this project Council Community Plan. the Long Term Socially - enabling recreation to be an accessible lifestyle choice for residents and commenced and will installation in Kinloch. This work was Signage and gobi block into a project. This has developed heating and upgrade Pools Turtle The Turangi Centre and the Museum. This was between the Great Lake Construction of the link deferred pending completion of car park. This was Point Sealing of the Wharewaka work required for implementation of a new Completed the feasibility and planning Domain, of the Tongariro one of the north end redevelopment Completed phase Walkway Continued extending and widening the Great Lake business district amenity facilities with central Town Taupo Continued improving activities in a safe and enjoyable environment activities in a safe and enjoyable facilities THE RECREATION AND LEISURE SERVICES ACTIVITY HAD A SIGNIFICANT IMPACT IMPACT AND LEISURE SERVICES ACTIVITY HAD A SIGNIFICANT THE RECREATION OF THE COMMUNITY: ON THE WELL-BEING WHAT WE PLANNED, BUT COULDN’T WE PLANNED, COMPLETE: WHAT • SERVICE PERFORMANCE RESULTS: Target Substantially that are accessible to the Quality sports grounds, parks and reserves staff presence during which has no Park, Apart from Owen Delany Achieved and sports grounds are accessible other parks, reserves all holidays, • • • • • WHAT WE DID: WHAT • • • clients and community and entertainment facilities and services for corporate convention collection. the CBD and on reserves and management within litter bin provision litter facilities and recreational reserves parks, street gardens, residents and visitors use for sporting codes, for year-round sports grounds quality sporting, health and leisure based opportunities for aquatic facilities that provide function and quality multi purpose indoor sporting, event provides centre that an events
• • • ACTIVITY ACHIEVEMENTS: • • • • Recreation is an important part of the lifestyle of residents and visitors to the District. Taupo the District. Taupo of residents and visitors to is an important part of the lifestyle Recreation recreational participation in healthy, yearround supports and encourages District Council recreational and sporting of the community’s to or facilitating many pursuits by catering the emphasis on protecting and enhancing Council places enormous needs. In addition, this lifestyle. activities that supports environment natural provide: We RECREATION AND LEISURE SERVICES LEISURE AND RECREATION WE DO: WHAT
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 46 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 49 - - -
53
9,758 Actual
- - 3,079 - 2,325
12 65 1,802
(3,436) (678) (3,436) - - 922 298
26 99 46 3,685 118
gures shown in this cost of service statement and the fi 9,646 18,817 9,646 18,817 Actual Budget Actual Budget
17,559 12,672 15,450 17,559 12,672 14,067 15,585 13,618 14,067 15,585 29,068 31,626 28,257 (2,911)
9,646 18,817 9,758
2007 2007 2006 Operating Income Rates Targeted Contributions Development Other Income Emergency Management 1,316 3,685 678 4,193 4,195 3,897 $000 $000 $000 Opening Balance Capital Expenditure Funded by: Loans Raised (to)/from Reserves Transfers Contributions Development Financial Contributions 5,407 Subsidies 8,385 Funds General 3,458 2,458 5,527 3,857 1,735 Roading Supply Water Services Regulatory Community Support Community Facilities and Leisure Services Recreation 1,867 2,072 1,733 Operating Expenditure 1,776 560 Emergency Management 1,444 645 491 150 Roading 1,653 3,236 504 Supply 323 Water 425 3,458 Services Regulatory 3,011 Community Support 433 Community Facilities 595 and Leisure Services Recreation 484 8,828 8,178 Net Cost (surplus) of operations 3,040 7,948 1,816 17,559 2,898 4,254 Funded By: 3,281 1,160 12,672 3,036 Rates General 9,974 4,103 2,656 1,297 to Reserves 15,450 Transfers 4,234 8,667 2,651 Funds General 9,418 16,169 16,108 4,202 13,049 Note: There is some variance between the budget STRONG COMMUNITIES – FINANCIAL RESULTS – FINANCIAL COMMUNITIES STRONG SERVICE STATEMENT: COST OF year 1 budgets shown in the 2006-16 Long-Term Council Community Plan. The variances relate to a year 1 budgets shown in the 2006-16 Long-Term Council Community strategic theme to another, or shift in the reporting presentation of a few areas of activity from one Council remains accountable for into a note disclosure. The budget has been realigned accordingly. the budgets in the LTCCP in their entirety. July 2006 and June 2016. July 2006 July 2006 and June 2009. annum between the 2005/06 year. held in the 227 events 14% increase on
Target Target Not annum between the AC Baths by 2% per Increase number of visits to Achieved visits. 2005/06 result of 302,000 Target on the – an increase of 1.98% There were 308,000 visits in 2006/07 Achieved Centre by 5% per held at the Great Lake Increase number of events Centre - a were held at the Great Lake 2006/07, 259 events During
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 48 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 51
9,646 18,817
STATUS PROJECT ed fi ed fi
17. No renewal work required in the period 17. Delayed due to arbitration results 18. Delays with subsidy approval and consultation with residents 19. Level of renewal required higher than budgeted 20. Level of renewal required lower than budgeted 21. Spencer Road completed under budget 22. Mangakino water renewals renewals water Mangakino Whareroa - tennis court development Renewals $70k Budget Projects < Various Total of Service Level Key A Achieved S A (minor) into future years Slippage 132 DC identi 75 completion with – small carryover to be funded by Development Project expected by 31 August 2007 20 project Contribution – project will not go ahead M and appropriate until funds are available X 2,281 into future years move Deliberate – major slippage (project Not achieved X 3,206 will not be complete by 31 August 2007) - or project will no longer be carried out 70 between Actual and LTCCP Budget Capital Expenditure – Variances 3 1. in others Roading overspent in some areas, offset by reduced expenditure 2. Plan Project deferred and budgets re-programmed in 2007/08 Annual 3. Re-scheduled programme, now commencing 2007/08 4. Continuation of project in 2007/08 5. Completed under budget 6. 2007 Work progressing – on-site project work commenced in March 7. Design tender came in under budget 8. Work progressing with design 9. Delays with consenting Delayed due to subsidy not being approved 10. Awaiting Te Puni Kokiri advice 11. Work progressing - delayed by negotiation with retailers 12. Expenditure to be incorporated into the library development contract 13. In progress - awaiting completion of management plan 14. $600,000 of these costs to be met / reimbursed by Transit NZ with $200,000 carried 15. Suitable land / project not yet identi forward to 2007/08 16. DESCRIPTION OF PROJECT OF PROJECT DESCRIPTION BUDGET ACTUAL AQUISITION (REFER REASON FOR KEY) $000’S $000’S NOTES 80 13 99 14 85 80 5 75 5
300 22 19 300 10 252 250 220 210 3 200 6 152 - 18 150 1 150 - 140 140 17 - 127 - 119 16 114 1 21 113 110 1 21 107 - 103 827 20 827 15 807 800 2 800 16 706 7 684 16 630 - 553 4 550 500 11 423 8 - 350 9
1 1 1 1
60 60
STATUS PROJECT c in CBD fi eld Purchase Land tenure security X - fi Mangakino roading upgrades Mangakino roading upgrades toilet block (Library) Turangi of Service / Renewals Level carpark sealing Wharewaka of Service Level and parking bays Service of Level A 24 M S - 41 Capacity Requirement Safety programme footpath construction Taupo reconstruction Omori Road pedestrian access Improved Capacity straightening Road Poihipi Growth / Managing Motorist S extensions library Turangi Managing Growth / roading treatment Area-wide reduce dust nuisance 201 programme Renewals of Service Level Minor roading safety works M Land Purchase - Turangi safety and vehicle Pedestrian Medical Centre M AC Baths ceiling tiles Replace - of Service Level Museum - new exhibit space A Renewals - new book library Taupo Managing Growth purchases S 252 reseals pavement Roading of Service Level renewals water Turangi A 158 Minor roading safety works Renewals renewals Plant and vehicle A 219 safety and vehicle Pedestrian Projects required due to growth Renewals Managing Growth A Community facility equipment Renewals renewals Renewals 147 M A community facility building Taupo Renewals A 143 renewals 48 45 On-street parking 141 renewals Plant and vehicle DC A Renewals X - 143 A Managing Growth A - A 107 44 48 S A 69 68 100 12 Wakeman Road extension Road Wakeman Managing Growth A 595 Kinloch water reticulation Kinloch water and reservoir road Arterial (ETA) East Taupo Growth Managing design - consultation and Bypass - reduce heavy - planning and design traf vehicle Reseals Pavement District Wide Parks S 1,123 Bridge Crossing Second Taupo X Ease congestion over Infrastructure Community Parks Managing Growth upgrade Pool Turtle Turangi Renewals Growth Managing Domain redevelopment Tongariro of Service Level / Renewals of Service Level Collector / Mapara Acacia Bay M roading Capacity requirement Air Turangi M seal extension roading Rural 342 DC Capacity requirement / DC 160 A X - A bridge existing control gate - 567 A 718 268 Water treatment - Taupo Bay Bay Taupo treatment - Water land purchases & reserves Parks Standards2005 Drinking Water Managing Growth extensions library Taupo Renewals renewals water Central/Nth Taupo M of Service Level 172 2,000 DC 2 - A S 1,441 16 973 353 1,000 6 CAPITAL EXPENDITURE: CAPITAL DESCRIPTION OF PROJECT OF PROJECT DESCRIPTION ACTUAL BUDGET FOR AQUISITION (REFER REASON KEY) $000’S $000’S NOTES
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 50 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 53 ed in fi cation, submissions and hearings fi istrict Plan development, public noti istrict Plan development, processes carried out in accordance with statutory processes as described Management Act 1991. in the First Schedule of the Resource Management Act 1991. of the Resource have variations District 2050, Kinloch, and Residential The Taupo in respect to initiated. Pre-consultation is currently being undertaken variations. Landscape Values and Values the Natural District Plan, carried out annually from 2007/08. of the District Plan on an monitoring will determine the effectiveness ongoing basis. ed sites. fi October 2007 the TD2050 Growth Management in order to implement Plan were undertaken will be heard in August 2007 and decisions noti These variations Strategy. October 2007. the protection of better achieve to be likely implementation measures would identi resources in the Taupo and physical and protection of the natural development District. in allowing it to become operative on the District Plan were resolved, All appeals 19, 20 and 21) to the Proposed District (variations A major series of variations that relying on non-statutory determined after it was Variation Values The Cultural sustainable management of the use, for the effective - providing Environmentally
WHAT WE PLANNED, BUT COULDN’T WE PLANNED, COMPLETE: WHAT ON THE PLANNING ACTIVITY HAD A SIGNIFICANT IMPACT THE ENVIRONMENTAL OF THE COMMUNITY: WELL-BEING WHAT WE DID: WHAT • • • • D Target Achieved Achieved Target Achieved are completed within statutory timeframes and Plan Changes Variations Target Achieved part in Actions initiated and progressed. listed in Key Variations been have status. The Hazards variations progressed to operative Target Not of the Monitoring and reporting, to help determine the effectiveness Achieved Once established the work will continue into the 2007/08 year. This has commenced on the District Plan monitoring strategy. Work ENVIRONMENTAL PLANNING ENVIRONMENTAL WE DO: WHAT Plan the District prepares and reviews Council planning activities, its environmental Through environment. managing the District’s policies and plans for environmental and other relevant are being effective. to identify whether our policies also monitor the District Plan will We needs to ensure that the environmental growth and development, do this to regulate We of land and effects of the subdivision adverse are met, and that any of the community or mitigated. remedied of land are avoided, development ACTIVITY ACHIEVEMENTS: SERVICE PERFORMANCE RESULTS:
cant pressures fi land and water effects of human activities on the environment effects of human pace with growth. and services keep Ensuring that infrastructure access to affordable, quality facilities and services Providing up our District and their needs. communities which make Acknowledging the diverse Designing spaces, buildings and roads with community safety in mind. of our District the special character Balancing growth and keeping the outdoors and appreciating our beautiful environment Enjoying resources and features. understanding and managing natural Respecting, with and its hapu have relationship Ngati Tuwharetoa the special cultural Recognising and streams rivers Looking after lakes, Wastewater Waste. Solid Environmental Planning Environmental Taupo-nui-a-Tia 2020 Taupo Lake Protecting Systems and River Lakes and Land Drainage Stormwater environment. and its effects on the built Geothermal subsidence the rules for managing land and mitigating policies and different Acts we make Under waste and services to manage infrastructure provide We role as advocate. a we have As a community leader, development Impacts of urban quality water Taupo Declining Lake margins river foreshores and eroded Taupo Lake Degraded that threaten the quality of the environment we and our visitors enjoy. These threats our visitors enjoy. we and quality of the environment that threaten the include: SAFE AND SECURE SAFE what we have District feel safe and are able to enjoy living in and visiting the Taupo People THRIVING AND PROSPEROUS of our community that meet the needs opportunities for business and employment Providing and the environment HEALTHY PEOPLE, HEALTHY COMMUNITIES PEOPLE, HEALTHY HEALTHY spiritual and emotional health mental, Physical, Council has various roles to play in relation to the environment. to the environment. in relation roles to play Council has various Government Waikato, Environment Council is not alone in managing these issues. However, Ngati and the Ministry for the Environment, of Conservation agencies such as the Department District environment. in caring for the Taupo responsibility all have and the community Tuwharetoa We recognise that by working together we can develop better, integrated solutions. integrated better, we can develop recognise that by working together We • • • • • • • • • • • COMMUNITY OUTCOMES: OUR CONTRIBUTION TO following Theme contribute predominantly to the The activities within this Strategic Community Outcomes: LANDSCAPES – PLACES WE ARE PROUD OF RIVERS, LAKES, and built environment Caring for our natural KEY ACTIVITIES: • • • • • • • • • • • • SUSTAINABLE ENVIRONMENT SUSTAINABLE and social for the economic, built - is essential and - natural environment A sustainable signi are faced with Currently we District. well-being of the Taupo cultural
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 52 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 55
aupo District Council has developed a strategy for integrated a strategy has developed Council aupo District assigned to Council in the Action Plan). to Council in the assigned These include monitoring the community’s progress toward achieving progress toward the community’s These include monitoring of the District Plan, outcomes, the effectiveness the community and reporting State of the Environment compliance monitoring, Action Plan. Taupo-nui-a-Tia progress on the used by Some of the indicators Group. by the Joint Management and (e.g. community outcomes programmes Council for its monitoring for the be the same as those needed will State of the Environment) this information Council will make Action Plan. Where this is the case available. Target Target T Achieved (as as appropriate annually or triennially indicators, key of Monitoring part in and responsibilities. and reporting of Council activities monitoring is currently being prepared Monitoring Strategy A Taupo-nui-a-Tia ed by the community fi ed in the 2020 Taupo-nui-a-Tia Action ed in the 2020 Taupo-nui-a-Tia fi rst. fi ed 12 key values to protect the future of Lake Taupo. Based Based Taupo. of Lake to protect the future values ed 12 key fi nui-a-Tia Action Plan. nui-a-Tia 2006. implementing the Action Plan in November (49%) were in progress and the remaining were ongoing. Twenty-two actions 11 (24%) had not been begun or were dependent on other being carried out c actions to be undertaken by key agencies with responsibility for the with responsibility for agencies by key undertaken c actions to be fi c parts of the 2020 Taupo-nui-a-Tia Action Plan. c parts of the 2020 Taupo-nui-a-Tia fi management of the Lake Taupo catchment. Taupo management of the Lake was delayed until 2007/08 to give the new Co-ordinator for the project time to until 2007/08 to give delayed was plan. establish systems for implementing and monitoring the action strategy will provide a basis for determining Council’s responsibilities for monitoring a basis for determining Council’s will provide strategy speci Group Plan assigned to Taupo District Council Plan assigned to Taupo approach to the promotion of a co-ordinated, integrated - Environmentally The review funding commitments for the 2020 Project. A review of Council’s Once completed the monitoring strategy. of a draft Assisted with the preparation in the 2020 Joint Management participated and staff actively Council representatives progress with the actions identi on Reported THE 2020 TAUPO-NUI-A-TIA ACTIVITY HAD A SIGNIFICANT IMPACT ON THE WELL- HAD A SIGNIFICANT IMPACT ACTIVITY THE 2020 TAUPO-NUI-A-TIA BEING OF THE COMMUNITY: WHAT WE PLANNED, BUT COULDN’T WE PLANNED, COMPLETE: WHAT • Target in the 2020 Taupo- Implementation of the actions assigned to Council • track On a report on progress toward The Joint Management Group delivered or Of the 45 actions assigned to Council, 12 (27%) had been achieved • WHAT WE DID: WHAT • • SERVICE PERFORMANCE RESULTS: ACTIVITY ACHIEVEMENTS: Lake. Actions for the Taupo District Council cover a range of areas including stormwater, areas including stormwater, of a range District Council cover Actions for the Taupo Lake. recreation. and water waste identi that the values is necessary to ensure A co-ordinated approach 2020 Taupo-nui-a-Tia was initiated by the Lakes and Waterways Action Group, Ngati Ngati Group, Action and Waterways by the Lakes initiated was 2020 Taupo-nui-a-Tia to of the project was in 2001. The original aim community the wider Taupo and Tuwharetoa As part of the project, Taupo. management plan for Lake catchment produce an integrated community identi the Taupo then developed Action Plan was Taupo-nui-a-Tia a plan called the 2020 on these values, setting out speci a Joint Management Group with membership this end To in the Action Plan are protected. Department of Internal Affairs, Waikato, District Council, Environment from Taupo Development Taupo the Lake of Conservation, Board, Department Maori Trust Tuwharetoa the Action Group has responsibility for overseeing and Waterways and the Lakes Company a Co-ordinator to Plan. This Management Group employs implementation of the Action monitor and report on progress. 2020 TAUPO-NUI-A-TIA 2020 WE DO: WHAT
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 54 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 57 cant changes in nitrogen or pathogen levels. in nitrogen or pathogen cant changes fi shallow near-shore waters of Lake Taupo in the vicinity of waste water water of waste in the vicinity Taupo of Lake waters near-shore shallow systems do not increase. treatment and disposal Measures vicinity of the remaining plants. in the water shallow ground show no signi reduced by 20% by 2020. water, activities and waste catchment the Taupo has started benchmarking properties in Waikato, currently being leached. This to determine the amount of nitrogen the baseline for measuring nitrogen reduction information will provide time. over Target Target in nitrogen or pathogens water of domestic waste Concentrations Achieved Plant and Turangi in the vicinity of the surface water Council measures Target track On from farming land use Taupo, The manageable nitrogen load to Lake in conjunction with Environment Trust, Protection Taupo The Lake SERVICE PERFORMANCE RESULTS: PERFORMANCE SERVICE c evidence shows fi c responsibilities for protecting Lake Taupo are: Taupo c responsibilities for protecting Lake fi by the Joint Committee responsible received rst Statement of Intent was fi uses to activities that produce less nitrogen. reduction of nitrogen entering the Lake by 20 percent reduction of nitrogen entering the Lake relating to the Proposed Variation to the Waikato Regional Plan (Variation 5 – Lake 5 – Lake Plan (Variation Regional to the Waikato relating to the Proposed Variation Catchment). Taupo rate in accordance with the requirements for Council the work of the Trust for overseeing Controlled Organisations Socially and economically - by easing the burden of change from existing land - funding the purchase of nitrogen to facilitate a permanent Environmentally Trust’s 2007 formally established on 9 February was Protection Trust Taupo The Lake The role, continued to participate in the processes Council, in its community advocacy targeted via a Taupo Council collected its share of the funding for Protecting Lake Taupo Protection Project Joint Committee, which oversees the Lake Taupo Protection Taupo the Lake Protection Project Joint Committee, which oversees Taupo Trust quality. Trust THE PROTECTING LAKE TAUPO ACTIVITY IS INTENDED TO HAVE A SIGNIFICANT HAVE ACTIVITY IS INTENDED TO LAKE TAUPO THE PROTECTING COMMUNITY: OF THE ON THE WELL-BEING IMPACT • • • • • WHAT WE DID: WHAT • cient and effective application of the public fund. cient and effective fi for the Lake member representatives funding partners, providing with the other Together as required of technical support to the Trust Provision quality water on matters relating to Lake community for the Taupo Being an advocate water planning amongst all agencies for Lake integrated and encouraging Fostering
ACTIVITY ACHIEVEMENTS: • • • • Lake Taupo is one of New Zealand’s national treasures. However, scienti However, national treasures. Zealand’s is one of New Taupo Lake land, from rural nitrogen reaching the Lake declining due to the amount of that its health is septic tank seepage. urban sources and and Ngati Tuwharetoa Waikato Environment in partnership with Government, are working We Environment Project, umbrella of the 2020 Taupo-nui-a-Tia Under the to protect the Lake. mix of regulatory and containing a Strategy Taupo the Protecting Lake developed Waikato method of A key inputs into the Lake. methods for managing nitrogen non-regulatory million to reduce nitrogen of a public fund of $81.5 is the establishment the Strategy is to be collected over 2020. The public fund by 20 percent by the year in the Lake levels (22 District ratepayers Taupo with the cost being shared between a period of 15 years, (33 percent), and from all Region in the remainder of the Waikato percent), ratepayers (45 percent). The fund will be used to help convert government via central New Zealanders land to low nitrogen land uses. nitrogen leaching pastoral Once it was views on the establishment of the fund. In 2003/04, we sought the public’s the fund, we consulted with the public again on the best decided to proceed with collecting Protection Taupo with a charitable trust known as the Lake structure to administer this fund, for deciding the most being formed - a council controlled organisation responsible Trust ef speci District Council’s Taupo • Protection Taupo for the Lake share of the rates District Council’s of Taupo Collection PROTECTING LAKE TAUPO LAKE PROTECTING WE DO: WHAT
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 56 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 59 ooding and foreshore fl ooding and foreshore ooding and fl the project will nalised. Once completed Once completed the project will nalised. fi fi June 2007 the technical reports assessing reports assessing the technical June 2007 June 2007, the technical reports assessing June 2007, the technical reports Risk Management Strategy. Risk Management Risk Management Strategy. be able to proceed to the consultation and then strategy development development strategy to the consultation and then be able to proceed will be prepared by the strategy that a draft phases. It is anticipated 2008/09 year. beginning of the has been formally Risk Management Strategy once the Foreshore adopted. be able to proceed to the consultation and then strategy development development and then strategy be able to proceed to the consultation by the will be prepared strategy draft phases. It is anticipated that a beginning of the 2008/09 year. has been formally Strategy Risk Management until the Foreshore adopted.
Not At 30 30 Target At Not from the Foreshore arising prepared Variations Plan and District Policy Not At 30 30 Target Not At of mitigation actions emerging from the Foreshore Implementation Achieved Achieved still to be erosion risks were of policy and District Plan changes will be progressed Development Achieved Achieved erosion risks were still to be mitigation actions will not be possible Implementation of appropriate nalising the stage fi ooding and foreshore ooding cant community and fl fi ooding hazards. ood maps fl cant delays in cant delays fl fi ood and erosion investigations and control investigations ood and erosion fl project will nalised. Once completed, the fi nalised before December 2007 fi ood hazards were not able to be produced, due ood hazards were not fl June 2007, the technical reports assessing ood hazards to ensure protection of signi fl be able to proceed to the consultation and then strategy development development be able to proceed to the consultation and then strategy by the will be prepared strategy phases. It is anticipated that a draft beginning of the 2008/09 year. Taupo Foreshore Risk Management Strategy’. Risk Management Strategy’. Foreshore Taupo c actions on activities such as c actions fi of erosion and to delays in the provision of LiDAR survey information, and the need to undertake information, and the need to undertake of LiDAR survey in the provision to delays to producing a peer review of the report prior not possible due to the delays This was would be completed in the 2006/07 year. in the technical reports looking at erosion and assets. private 2006/07. This was not possible due to signi 2006/07. This was consultation with special interest groups regarding the causes and degree of consultation with special interest erosion 3 report. Delays were also experienced due to consultant capacity issues. It is were also experienced 3 report. Delays anticipated that this work will be planning for the management and economically - integrated Environmentally Strategy Risk Management Foreshore Taupo Lake It had been intended that the the Maps showing the extent of Flood Hazard Study – Stage 1 and 2a. Taupo Lake Completed the draft due to be completed in Shoreline Erosion Study was Taupo Stage 4 of the Lake Shoreline Erosion Study with focused Taupo Completed stage 3 of the Lake protection of lakes and rivers throughout the District, particularly Lake Taupo, is very is very Taupo, the District, particularly Lake throughout and rivers protection of lakes important WHAT WE PLANNED, BUT COULDN’T WE PLANNED, COMPLETE: WHAT THE LAKES AND RIVER SYSTEMS ACTIVITY HAD A SIGNIFICANT IMPACT ON THE IMPACT THE LAKES AND RIVER SYSTEMS ACTIVITY HAD A SIGNIFICANT OF THE COMMUNITY: WELL-BEING Achieved Achieved erosion risks were still to be Not At 30 30 Target Not At from the ‘Lake Taupo for Lake implementation strategies Develop • • • • • WHAT WE DID: WHAT • statutory obligations. Council’s Council, that to this years the last few signalled over of the community, The wishes ooding impacts, has been a priority for Council for some years. Environmental initiatives initiatives Environmental for some years. has been a priority for Council ooding impacts, SERVICE PERFORMANCE RESULTS: • ACTIVITY ACHIEVEMENTS: • The protection of lakes and river systems within the Taupo District, from catchment use and District, from catchment systems within the Taupo river and lakes The protection of fl party include, for example, being systems and river protect lakes by Council to undertaken project. Council Taupo’ Lake Action Plan’ and the ‘Protecting to the ‘2020 Taupo-nui-a-Tia speci also takes Management Risk Foreshore Taupo Lake will be determined in the work. These actions developed. which is currently being Strategy do are: Guiding what we LAKES AND RIVER SYSTEMS AND RIVER LAKES WE DO: WHAT
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 58 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 61 ood risk or hazard ood risk fl ood risk areas or ood risk areas fl ood risk or hazard areas available for public hazard areas available ood risk or fl ood hazard areas. ood fl designated designated This would normally potentially affect their properties. areas that could and issue as part of the application manner, happen, in a formal than (PIM). Other Information Memorandum process for a Planning maps of this, Council has time. inspection at any system. of the stormwater appropriate use school visitation, educational brochures, the Trout, Tama character etc. Consents. been no concerns expressed knowledge there have to Council’s entry, Council in regard to resource consent compliance. by the Regional Target Target they are within if Property owners informed Achieved Achieved of are informed of the existence Property owners Target Achieved to promote undertaken Ongoing community education programme utilising the Council’s advertising through radio This has been achieved Target Resource hundred percent compliance with Stormwater One Achieved of pollutant been a small number of minor incidences While there have ooding fl ooding resulting from a very severe, ooding resulting from a very fl ood hazard areas fl ooding, ponding, mosquitoes, etc). ooding, ponding, mosquitoes, fl ve health nuisances reported per annum from facilitiesve fi ooding inside and fewer than 10% per year affected by per year ooding inside and fewer than 10% fl There was only one recorded incident of this nature during the year. one recorded incident of this nature during the year. only There was No building consents issued for developments on sites without an No building consents issued for developments Fewer than 5% per year of properties within urban areas affected than 5% per year Fewer • • stormwater outlet. The level of service provided to all other customers to all other customers of service provided outlet. The level stormwater accordance with the District Plan and Asset and shall be in varies Management Plan. through Council network systems. safe management and disposal of stormwater - the collection, Environmentally business district pipe upgrade. central Town Commenced design of the Taupo
event. intensity rainfall high minor involved incident The a) Achieved a) Achieved met a) Target b) Not Applicable 2009. for April/May c) Not is next scheduled Satisfaction Survey b) The triennial Residents’ Applicable 2009. for April/May d) Achieved is next scheduled Satisfaction Survey c) The triennial Residents’ d) where properties outside the dwelling or business premises except are in designated ( or assets d) Less than Less storm event. outfall or protection from a 50 year effective community’s shows the Satisfaction Survey Residents’ b) Triennial d) network is at least 80%. of satisfaction with the stormwater level shows the community’s Satisfaction Survey Residents’ c) Triennial and land of satisfaction with consultation on stormwater level issues is at least 80%. drainage by Target Target an adequate with Customers within prescribed areas are provided protection to homes and property: a) Flood • WHAT WE DID: WHAT • THE STORMWATER AND LAND DRAINAGE ACTIVITY HAD A SIGNIFICANT IMPACT ON HAD A SIGNIFICANT IMPACT AND LAND DRAINAGE ACTIVITY THE STORMWATER OF THE COMMUNITY: THE WELL-BEING SERVICE PERFORMANCE RESULTS: ACTIVITY ACHIEVEMENTS: Council provides a stormwater drainage system to manage surface water run-off from the run-off system to manage surface water drainage stormwater a Council provides between an optimum balance that seeks to achieve catchments, in a way urban District’s to the community. of protection and the cost the level in catchments land drainage to work on improving Waikato with Environment Council partners is done through Project Watershed. This development. that are undergoing STORMWATER AND LAND DRAINAGE LAND AND STORMWATER WE DO: WHAT
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 60 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 63 ow fl cient fi includes keeping any adverse environmental effects to “less than effects to “less environmental adverse any keeping includes minor”. and exceeded with nitrogen discharge experienced problems conditions since full has met resource consent Turangi allowance. is in place to address the Kinloch commenced. A project operations situation. 2020. by 20% by the year treatment facilities water owned waste Target Target This Consent conditions. with Resource 98.5% compliance least At Not Achieved the lowest at 87.5%, having below target with Kinloch plants were the wastewater is 94.3%. Three of compliance Current overall Target Not from community entering the Lake of nitrogen of the levels Reduction this with suf to measure been developed not yet have Systems Formally reliability. Formally Measured . 3 ow chamber to ow in this event ow in this event fl fl . The remaining 34 3 ows and discharges were ow events in the 2006/07 ow events fl fl ows or discharges of sewage fl ow to the treatment plants is 31,000m ow to the treatment plants fl ow incidences were much smaller in nature. ow incidences were much fl , well within the maximum untreated allowance which , well within the maximum untreated allowance 3 cient waste water collection and disposal system that treats water cient waste fi ood overland and into the Waikato River. The over River. and into the Waikato ood overland based on 1% of total discharge or over to the natural environment per year. environment to the natural causing the over the Control Gates Bridge, Taupo, fl 300-500m to be approximately estimated was and disposes at least 99% of waste water discharged to Council waste discharged to Council waste water and disposes at least 99% of waste plants. treatment water less than 658m This is very important to all residents, especially Tangata Whenua. all residents, especially Tangata important to This is very highest priority in terms of Lake Taupo Water Protection Water Taupo highest priority in terms of Lake in the 2007/08 year now that resource consent has been obtained now that resource consent has been in the 2007/08 year in 2007/08 processes. This is now expected in 2007/08. These projects are continuing into the 2007/08 year the 2007/08 year These projects are continuing into programme programme urban areas. from appropriate treatment and disposal of wastewater – Culturally for the protection of public health and safety - providing Socially catchment. This is the Taupo of nitrogen to the Lake – reduction Environmentally This work will be completed programme. implementation Mile Bay / Five Waitahanui treatment resource consent for the Whareroa wastewater The obtaining of will be complete treatment plant. This Construction of the new Mangakino waste Designed and constructed the Whareroa pond rehabilitation and maintenance. Undertook ongoing asset renewal (LDS) expansion. Disposal System Control Plant (PCP) and Land Pollution Taupo plant the Mangakino treatment Completed designing plant upgrade constructed the Motutere treatment Designed and and capacity implementation main trunk sewer investigation Completed the Taupo resource consent Mile Bay / Five Secured the Waitahanui
THE WASTEWATER ACTIVITY HAD A SIGNIFICANT IMPACT ON THE WELL-BEING OF ON THE WELL-BEING HAD A SIGNIFICANT IMPACT ACTIVITY THE WASTEWATER THE COMMUNITY: WHAT WE PLANNED, BUT COULDN’T WE PLANNED, COMPLETE: WHAT Target Target Not over No more than 11 accidents involving Achieved a blockage at a major incident involving One of these was year. recorded discharge or over There were 35 • ef An Target Achieved over met. Recorded This 99% target was • • • • • • • • WHAT WE DID: WHAT • • • •
Council is responsible through this activity for the safe, effective collection, treatment the safe, effective through this activity for Council is responsible properties from commercial and industrial from residential, water waste and disposal of the District. areas within designated drainage ACTIVITY ACHIEVEMENTS: WASTEWATER WE DO: WHAT SERVICE PERFORMANCE RESULTS:
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 62 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 65
ll by 40% by 2010 ll by fi ed with the effectiveness of the kerbside refuse of the kerbside the effectiveness ed with fi ll in the 1999/00 year was 46,750 cubic metres. 46,750 was in the 1999/00 year ll fi The latest survey shows that the yearly volume was 34,920 cubic 34,920 was volume shows that the yearly The latest survey Waste 1999/00 year. a reduction of 25.3% from the metres which is put in place, such as further are being minimisation programmes facilities to reduce these volumes at District resource recovery further. customers are satis customers service. collection and recycling disposed in 1999/00. compared to volumes Target Target 75% of at least shows Satisfaction Survey Residents’ Triennial Not Applicable 2009. April/May Target is next scheduled for Survey Satisfaction The triennial Residents’ track On disposed to land of waste the volume Reduce to land Volume ve transfer ve transfer fi ll or transfer ll or transfer ll and transfer ll and transfer fi fi ll and therefore fi ll or transfer stations ll or transfer fi ow to the land ciency of the land fl fi ll. fi ll for residual refuse disposal, ll for residual refuse disposal, cantly advanced by 30 June 2007, and by 30 June 2007, cantly advanced fi fi ll operations ensuring environmental well- ensuring environmental ll operations fi lls situated around the District. fi ed with the ef fi involving the public. involving customers are satis stations. stations. minimising costs for ratepayers streetscapes. recycling facilities and collection. recycling signi This project was Broadlands Road. will be completed by the end of the 2007 calendar year. will be completed by the end of being. minimising recycling - effective Economically land - best practice Environmentally safe collection of domestic refuse ensuring clean and Socially - regular together with collection and disposal services, of solid waste Continued delivery centre) at station (recycling transfer of a new resource recovery Construction
Target Target shows at least 75% of Satisfaction Survey Residents’ 2009. Triennial Not Applicable April/May is next scheduled for Satisfaction Survey The triennial Residents’ WHAT WE PLANNED, BUT COULDN’T WE PLANNED, COMPLETE: WHAT THE SOLID WASTE ACTIVITY HAD A SIGNIFICANT IMPACT ON THE WELL-BEING OF ON THE WELL-BEING IMPACT ACTIVITY HAD A SIGNIFICANT THE SOLID WASTE THE COMMUNITY: Target Target Achieved consent conditions. compliant with relevant All sites 100% Target Achieved accidents at the land in any is not involved Public accidents at the land There were no reported • • • • • WHAT WE DID: WHAT SOLID WASTE SOLID Council also monitors three closed land Council also monitors SERVICE PERFORMANCE RESULTS: ACTIVITY ACHIEVEMENTS: Council provides for the collection and disposal of refuse and recyclable items from refuse and recyclable collection and disposal of for the Council provides of a District land District by way throughout the WE DO: WHAT stations for waste drop off, and the opportunity to recycle at all facilities. at to recycle and the opportunity drop off, stations for waste haulage urban areas, and waste collection in and recycling refuse kerbside Council provides Land Broadlands Road stations to the from transfer
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 64 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 67
4,196 11,916
STATUS PROJECT ood X 17 100 5 fl Relocation of land Relocation disposal site for wastewater Mangakino wastewater treatment upgrade refuse Broadlands Road to New site station development transfer of Service Level to pollution Acacia Bay accommodate growth of Service Level control plant trunk line South wastewater Taupo route and ETA trunkline Managing Growth renewals wastewater Taupo M Capacity Requirement Mile Bay / Five M Waitahanui Renewals construction wastewater S 125 including Acacia Bay of / Level Renewals 982 M Brodie & Western Ponui, 1,400 M 5,000 114 Service design work Blocks wastewater 1 550 1 318 Whareroa wastewater 28 M pond rehabilitation 5 500 Managing Growth 500 industrial area Taupo 1 16 works ancillary stormwater 3 A / Managing Renewals Motutere wastewater 360 construction work 523 1 of Service Level CBD stormwater Growth Taupo M 485 - Catchment 1 pipe upgrade A - stormwater Taupo of Service Level 7 - treatment programme of Service Level 289 350 CBD stormwater Taupo 300 - Catchment 3 pipe upgrade 6 M wastewater Acacia Bay - of Service Level renewals of Service Level 12 A Kinloch wastewater S 300 renewals Renewals 547 pollution control Taupo 1 25 280 plant upgrade M Mangakino wastewater 220 2 S Renewals design work Managing Growth 5 Mangakino - stormwater - - upgrade of Service Level 150 foreshore protection Taupo 149 of Service Level 1 S 1 Erosion & A Omori wastewater 59 renewals A 238 125 A work at Taupo Remedial 100 land disposal wastewater 4 A 134 9 site 146 106 Renewals wastewater Waitahanui Renewals 100 10 34 renewals 7 100 Projects < $70k Budget Various 8 Renewals Total in protection strategy conjunction with EW M S 0 32 A 11 80 85 - 119 77 7 439 499 PROJECT DESCRIPTION OF AQUISITION $000’S NOTES KEY) $000’S (REFER ACTUAL BUDGET REASON FOR CAPITAL EXPENDITURE: CAPITAL
35 54
966 157 978 978 320 133 164 320 163 716
$000 2006
2,828 2,158 6,520 1,040 3,103 1,873 1,300 5,485
245 793 938 23 - 793 540 386 138
7,321 1,002 2,979 3,189 3,882 3,189 8,873 1,312 - 1,006 2,530 1,350 5,267
Budget Actual Budget
- (100) - - - - -
79 94
2007 2007 $000 $000
(766) (593) (163) 4,196 11,916 3,575 Actual
gures shown in this cost of service statement and the year 1 10,740 10,184 11,631 14,315 13,373 12,609 fi
4,196 11,916
Systems & River Lakes Solid Waste 200 Funded By: Rates General 3,343 Capital Expenditure Funded by: Loans Raised (to)/from Reserves Transfers 3,897 Contributions Development Financial Contributions Funds General 960 Note: 3,157 - Operating Income Rates Targeted Other Income Planning Environmental Management Solid Waste Systems & River Lakes 581 1,264 7,554 Operating Expenditure Planning Environmental 2,049 Net Cost (surplus) of operations 3,575 Funding to Reserves Funds General Opening Balance 444 - (1,017) Stormwater 1,009 1,009 Contributions Development Water Waste 169 Stormwater Taupo Protecting Lake Wastewater Stormwater 1,078 899 6,815
budgets shown in the 2006-16 Long-Term Council Community Plan. The variances relate to a shift in the reporting budgets shown in the 2006-16 Long-Term Council Community Plan. The variances into a note disclosure. The budget presentation of a few areas of activity from one strategic theme to another, or in the LTCCP in their entirety. has been realigned accordingly. Council remains accountable for the budgets There is some variance between the budget STATEMENT: COST OF SERVICE SUSTAINABLE ENVIRONMENT – FINANCIAL RESULTS – FINANCIAL ENVIRONMENT SUSTAINABLE
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 66 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 69
ts. fi festivals Centres and Management Destination Marketing Visitor Implementation Strategy Economic Development Projects. Economic Development visitors and being hospitable. Welcoming opportunities employment of quality range A diverse business growth. and new business start-up Encouraging education, language, culture through history, Maori celebrating and Recognising our culture and heritage. and celebrating awareness Raising ECONOMIC DEVELOPMENT ECONOMIC economy. sustainable a growing, diverse achieving role to play has an important Council KEY ACTIVITIES: • • • • OUTCOMES: COMMUNITY OUR CONTRIBUTION TO AND SECURE SAFE what we have District feel safe and are able to enjoy living in and visiting the Taupo People • • • • • Indirectly we contribute to economic growth through the provision of infrastructure and of infrastructure through the provision to economic growth Indirectly we contribute also have We to both businesses and residents. attractive the District services that make of and promoter initiatives, a funder for economic development as play a direct role to for Taupo Our vision is Taupo. arm – Destination Lake our marketing the District through our community fresh visitor destination, with and exciting as a vibrant, District to be seen and lifestyle bene and sustainable economic diverse enjoying conscious to the District, Council is also that economic growth is important While recognising Economic well-being must to achieve. has other outcomes it is seeking that the community well-being. social and cultural environmental, be balanced with THRIVING AND PROSPEROUS of our community that meet the needs and employment opportunities for business Providing and the environment VIBRANT AND DIVERSE and supporting all people Respecting ed fi continuing into 2007/08 Capital Expenditure – Variances between Actual and LTCCP Budget Capital Expenditure – Variances 1. Re-scheduled programme commencing 2007/08 2. Initial budget under estimated as noted at time of awarding tender 3. Project postponed two years as not required at this time 4. Falling main trunk sewer to be completed 5. Progressing - to be completed in 2007/08 6. Subject to developer progress - continued modelling testing, etc 7. Level of renewal required higher than budgeted 8. Completed all work intended in 2006/07 – below budget 9. within total project budget Timing issue – 2006/07 work in excess of budget, to be absorbed 10. of budget, to be absorbed within total project budget (of $1,500,000) Timing issue – 2006/07 work in excess 11. Project no longer required due to plant relocation M X into future years move Deliberate (project – major slippage Not achieved will not be complete by 31 August 2007) or project will no longer be carried out Key A Achieved S – small into future years Slippage (minor) DC identi completion expected by with carryover by Development Project to be funded August 2007 31 project – project will not go ahead Contribution appropriate and funds are available until
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 68 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 71 International visitor nights decreased by 0.22% due in part to the by International visitor nights decreased contributions. by industry. of the cost of the campaign funded target, with 52% increase of 0.98%. Tourism Regional and our neighbouring Council of New Zealand to increase the initiatives Organisations, international marketing number of international visitors
Target Target On track sector to be funded from private campaigns percent of marketing Fifty this progress at 30 June 2007 is in line with domestic campaign in The Target Achieved by 0.8% per annum. Domestic visitor nights to increase to 743,150, an nights increased from 735,920 Domestic visitor Target Not Achieved from 26,138 to 19,364. Conference attendees declined 26%, 2.5% per annum. Conference attendees to increase by Target Operators Inbound Tour New Zealand, In conjunction with Tourism a) Not Achieved b) Achieved by 3.9% per annum. a) International visitor nights to increase $NZ. high a) 4.4% per annum. b) Visitor expenditure to increase by increased 3.5%, from $360 million to $372.7 b) Visitor expenditure million. t of tourism t of fi c-focus initiatives. We worked closely with other regions in worked We initiatives. c-focus fi ed with Destination Lake Taupo’s performance. Taupo’s ed with Destination Lake fi periods are satis Zealand. Capital of New the Events in our region. through several speci through several the Central North Island to develop the Great New Zealand Touring Route concept. Route Touring New Zealand the Great Island to develop North the Central promotional expos in and training focused on trade was International marketing also: We offshore markets. fun events in the region. fun events Socially and Economically - Increased economic activity and facilitation of more of the tourism initiated a sustainability project to protect the long term future We the region to domestic and international markets marketed Taupo Lake Destination
THE DESTINATION MARKETING AND MANAGEMENT ACTIVITY HAD A SIGNIFICANT MARKETING AND MANAGEMENT THE DESTINATION COMMUNITY: OF THE ON THE WELL-BEING IMPACT website - regional our a domestic campaign, and refreshed and redeveloped Implemented shoulder - the into portfolio expanded the events and 16 major events and hosted Facilitated - market. for this events training trade Bureau and organised a Conventions Facilitated • • WHAT WE DID: WHAT • Target Target survey Ninety percent of respondents to annual tourism stakeholders Achieved are now hosted on an annual basis. Sixteen major events Not formally no longer carried out. is Survey measured Target to enhance our reputation as per year Host at least six major events Event marketing Event branding Destination businesses local tourism sector to improve with the Working better planning for tourism Encouraging that their culture and identity is protected with Maori and ensuring Working heritage. of our built, historical and cultural understanding and appreciation Fostering marketing international tourism marketing Domestic and Convention is spread widely through the community, and not just to tourism businesses. tourism businesses. and not just to through the community, is spread widely the following activities, in – undertakes Taupo arm – Destination Lake marketing Council’s Advisory Board (LTTAB): Tourism Taupo the Lake conjunction with SERVICE PERFORMANCE RESULTS: ACTIVITY ACHIEVEMENTS: • • • • • • • • DESTINATION MARKETING AND MANAGEMENT MARKETING DESTINATION WE DO: WHAT bene The economic earner. foreign exchange largest is New Zealand’s Tourism
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 70 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 73 (commencing in 2006/07). Council has assigned the task of reviewing the economic development Board. Changes the review. delaying Enterprise (NZTE) were not granted, in to the funding structure of NZTE mean funding should be available to be reviewed. 2007/08 for the strategy Advisory Board (TDEDAB) to prepare its Statement of Intent for 2007/08, and Advisory Board (TDEDAB) to prepare and annual reports its half yearly deliver Heritage and National Parks to World and the Gateway services. economic development prepare an application to New Zealand for the District, and strategy development unsuccessful, was and Enterprise for funding this work. The application Trade did not proceed as planned. However, the Strategy which meant that the review of the application will be resubmitted in 2007/08. for the District. Economically - creating a platform for economic development District Economic Development to the Taupo assistance Council staff provided Clean Energy Centre the New Zealand and monitored for were developed Contracts of on a revised structure for the delivery assisted to prepare a paper TDEDAB was for revising the economic a framework assisted to develop TDEDAB was identifying priorities projects economic development WHAT WE PLANNED, BUT COULDN’T WE PLANNED, COMPLETE: WHAT ACTIVITY HAD A AND IMPLEMENTATION STRATEGY THE ECONOMIC DEVELOPMENT OF THE COMMUNITY: ON THE WELL-BEING SIGNIFICANT IMPACT • Target Not three years review completed every Strategy Economic Development Achieved Advisory District Economic Development to the Taupo strategy and Trade applications for funding from New Zealand The Board’s WHAT WE DID: WHAT • • • • (including tourism) economic development advice on sustainable strategic Providing and policy for the District of economic development with the preparation Assisting from external sources for additional funding that will leverage funding in a way Providing has funded. implementation of projects Council Monitoring the
SERVICE PERFORMANCE RESULTS: ECONOMIC DEVELOPMENT STRATEGY DEVELOPMENT ECONOMIC IMPLEMENTATION AND WE DO: WHAT includes: Economic development • • • • ACTIVITY ACHIEVEMENTS: Council established an advisory board for economic development known as the Taupo as the Taupo known development an advisory board for economic Council established controlled (TDEDAB). The Board is a Council Advisory Board Development District Economic the economic development responsibility for developing organisation (CCO) and has on priorities for funding economic Council with advice and providing for the District strategy projects. development uenced by the A1GP event held in Taupo held in Taupo uenced by the A1GP event fl rst time in January 2007. fi increase. accommodation and tourism support services. strongly in result was Taupo for the operators and the community. operators to locals and visitors. increased economic activity for accommodation and activity Economically - - enhanced community pride. Socially information regional Information Centres, providing and Turangi the Taupo Operated THE VISITOR CENTRES ACTIVITY HAD A SIGNIFICANT IMPACT ON THE WELL-BEING CENTRES ACTIVITY HAD A SIGNIFICANT IMPACT THE VISITOR OF THE COMMUNITY: • • WHAT WE DID: WHAT • Target Target Achieved per visitor from activity operators, percent increase in revenue Five The and 35% in Taupo. per visitor increased 5.9% in Turangi Revenue Target Target Achieved a year. open 8.30am to 5.00pm, 364 days i-Sites and Turangi Taupo Target Achieved guidelines. operational i-sites within National i-Site Operate Target Achieved sales. annually from advertising percent increase in revenue Five an 8% achieved a 21% increase, and Turangi achieved Taupo District advice and information on the Objective visitor attractions and for travel A booking service and local arts and crafts. sales for souvenirs Retail Both Centres are open to the public 364 days a year from 8.30am to 5.00pm. a year 364 days Both Centres are open to the public Visitor Centre and Turangi Visitor Centre serviced 226,576 visitors, In 2006/07, Taupo serviced 109,429. Plan, be based on the Visitor Industry Strategic will Priorities for visitor centre programmes Advisory Board and tourism stakeholders. Tourism Taupo and advice from the Lake SERVICE PERFORMANCE RESULTS: ACTIVITY ACHIEVEMENTS: • • • Council, through Destination Lake Taupo, operates two Visitor Centres as part of the national two Visitor operates Taupo, Destination Lake Council, through Visitor Centres The and one in Turangi. - one in Taupo Network (i-SITES) Visitor Information minded traveller, services for the independently information and travel objective provide service and retail and to act as a booking from District visitors, revenue help to increase outlet. The Centres offer: VISITOR CENTRES VISITOR WE DO: WHAT
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 72 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 75 ts will be fi le for Taupo le for Taupo fi nancial year. fi nancial year. nancial year. fi . 2 cant pro cant fi ting from the development. fi cant opportunity to add innovation and diversify the District and diversify to add innovation cant opportunity fi cant opportunity to increase tourism spending to increase tourism cant opportunity fi cant number of worthwhile and sustainable jobs of worthwhile and sustainable cant number fi this year. c economic development projects were carried out this c economic development fi strong economic return to the District. Already this is being achieved with the achieved strong economic return to the District. Already this is being Motor Council has contributed to at the Centennial Park work that development the international A1GP able to attract Circuit. The lessee of that site was Racing a signi in January 2007, which generated event motor racing visitors for the event. many and attracted Crown) would be making a $950,000 contribution towards the cost of a major the cost contribution towards Crown) would be making a $950,000 Airport during the 2006/07 reseal at Taupo and taxiway runway While Council and the Crown remain committed to this project, it has now been While Council and the Crown remain committed to this project, deferred until October 2007. in these projects is designed to provide involvement Economically - Council’s No speci No (together with the Council Community Plan indicated that Council The Long-Term economy. Creating a signi Not Applicable formally measured triennial basis. Consistent with this, it has not been this target will only be measured on a As per the footnote below, WHAT WE PLANNED, BUT COULDN’T WE PLANNED, COMPLETE: WHAT • SERVICE PERFORMANCE RESULTS: • • ON ACTIVITY HAD A SIGNIFICANT IMPACT PROJECTS THE ECONOMIC DEVELOPMENT OF THE COMMUNITY: THE WELL-BEING Target Target enhancements to the district economy Measurable HAT WE DID: HAT in the District. These results must clearly show that the economy is bene a signi Providing a signi Providing For each project, every three years Council will undertake an assessment of the economic impact of the project For each project, every three years Council will undertake an assessment of
FOOTNOTE 2 ECONOMIC DEVELOPMENT PROJECTS DEVELOPMENT ECONOMIC WE DO: WHAT that can projects on publicly owned land in become involved Council may From time to time by: of the District to enhance the economy reasonably be expected • • • WE DID: WHAT WW evaluated using appropriate independent advisors. If Council can be convinced that the that independent advisors. If Council can be convinced using appropriate evaluated possible and that the return to the community is worth the risks can be mitigated as far as in the project. a degree of involvement decide to have then it may investment, help fund the in such a project is the decision to involvement An example of Council’s to help decided Circuit. We Motor Racing of the Centennial Park extension and upgrade circuit and associated business park through the racing promote economic development will strengthen the economy track, an international class race as, having development been North Island have in the circuit developments racing As other and visitor industry. become more popular as an alternative. will track cancelled or closed down, the Taupo The nature of such projects is that there will be some degree of uncertainty that the be some degree of uncertainty such projects is that there will The nature of to such uncertainty is through approach or will not be realised. Council’s expectations will impacts and potential bene diligence during which the risks, a process of due ACTIVITY ACHIEVEMENTS: nalising the fi Heritage and Project to World of the Gateway Implementation (NZCEC) Clean Energy Centre of the New Zealand Progression Development Company (LTDC) for the delivery of economic delivery delivery of economic for the delivery (LTDC) Company Development were for: services. The contracts • Parks. National milestones included milestones. These the contract contract Initiative signing off the Major Regional structure, governance a business and having and Enterprise (NZTE) Trade with New Zealand plan signed off by NZTE. Project were considered to be 2007, the milestones for the Gateway contract. completed in accordance with the • Trust (TEST), but was not uplifted due to TEST’s changes in business not uplifted due to TEST’s (TEST), but was Trust circumstances.
Target Target Achieved achieved. contracts Development Economic set in Targets Taupo with the Lake Council entered into two contracts This year in accordance with completed was for the NZCEC The contract Community Board in March a report to the Turangi-Tongariro Following Project Project Support Employment to Taupo to be awarded was contract A third
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 74 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 77
STATUS PROJECT ed fi A Achieved S – small into future years Slippage (minor) DC identi with completion expected by carryover to be funded by Development Project 31 August 2007 project Contribution – project will not go ahead M and appropriate until funds are available X into future years move Deliberate – major slippage (project Not achieved will not be complete by 31 August 2007) or project will no longer be carried out DESCRIPTION OF PROJECT OF PROJECT DESCRIPTION ACTUAL BUDGET FOR AQUISITION (REFER REASON KEY) $000’S $000’S NOTES Total 63 74 CAPITAL EXPENDITURE: CAPITAL < $70k Budget Projects Various 63 74 Key -
657 313 410 670 240
(24)
2006 $000
1,025 1,001 2,020
------
90 74 74 2,020 74 2,020
Budget Actual Budget Actual
906 897 282 509 250 366 984 930
63 (145) 1,738 1,603 1,380 1,738 1,603
2,722 2,533 2,381 2,722 2,533 gures shown in this cost of service statement and the year 1 fi
63
General Funds General 15 relate to a shift in the reporting budgets shown in the 2006-16 Long-Term Council Community Plan. The variances into a note disclosure. The budget presentation of a few areas of activity from one strategic theme to another, or in the LTCCP in their entirety. has been realigned accordingly. Council remains accountable for the budgets There is some variance between the budget Destination Marketing and Destination Marketing Management Visitor Centres 1,471 1,642 1,559 847 693 Operating Expenditure Funding to Reserve Opening Balance Capital Expenditure Funded by: (to)/from Reserves Transfers 135 47 (45) 0 2007 2007 Operating Income Rates Targeted Actual Funds General Note: 16 Other Income and Destination Marketing Management Visitor Centres Economic Development 41 Economic Development $000 $000 Net Cost (surplus) of operations Funded By: 984 233 Rates General 930 281 1,001 979 975 COST OF SERVICE STATEMENT: COST OF SERVICE ECONOMIC DEVELOPMENT – FINANCIAL RESULTS – FINANCIAL DEVELOPMENT ECONOMIC
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 76 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 79 ected by the fact fl cally address any likely likely any cally address fi a comprehensive cant opportunity for fi uid, were avoided. The Court stated avoided. uid, were fl rst signi rst fi nding that subsidence is likely to occur as a result nding that subsidence is likely fi culty in fi cant Wairakei-Tauhara geothermal system is sustainably managed through cant Wairakei-Tauhara fi Cemeteries and Solid Waste with new bylaws being put in place for Trade Waste, Waste, with new bylaws being put in place for Trade Cemeteries and Solid Waste (currently out for consultation). and Reserves/Libraries/Baths and Parks signi effects of adverse a set of consent conditions which, in part, require that the Court hearing, Environment subsidence are addressed. This followed an extensive the Court itself noting that “the complexity of the issues is re As a result of the hearing that the hearing occupied a total of 52 sitting days”. of conditions to speci the Court has imposed three levels which in the Court’s subsidence problems, as part of a complex suite of conditions effects that are more than minor will adverse that any it unlikely view “will make be generated”. Environment Court hearing concerning resource consents for the continued, Court hearing concerning resource Environment electricity geothermal system for and increased, use of the Wairakei-Tauhara to the north system is situated beneath, and generally This geothermal generation. The 84 square kilometres. approximately and covers Township, and east of Taupo the Court hearing was Environment against current resource as a whole power station operation review of the Wairakei establishment by the Crown in 1958. Council’s management principles since its as can effects of differential subsidence, to ensure that the adverse concern was of geothermal result from the extraction that it had “little dif but to what extent under different scenarios is uncertain. of future extraction, of consent include Accordingly there is an onus on us to ensure that the conditions adequate measures to address this issue” t of the District and advocating on behalf of the community. District and advocating t of the fi include the review of all existing bylaws. Bylaws reviewed this year Continued - ensuring that the nationally and regionally Economically and environmentally participated as an appellant in an on behalf of the community, As an advocate Departments. THE GOVERNANCE, ADVOCACY AND LEADERSHIP ACTIVITY HAD A SIGNIFICANT THE GOVERNANCE, ADVOCACY AND LEADERSHIP ACTIVITY HAD ON THE WELL BEING OF THE COMMUNITY: IMPACT • • WHAT WE DID: WHAT • views heard the District’s meetings with other organisations to make Attending the community meetings outside the District, to represent Attending Ministries and and various government roles with regional and central Advocacy GOVERNANCE, ADVOCACY AND LEADERSHIP AND LEADERSHIP ADVOCACY GOVERNANCE, WE DO: WHAT and the committees and subcommittees, the work of Council, Council covers Governance Community Board. Turangi/Tongariro directions responsible for setting Council’s Community Board members are Councillors and District. people of Taupo on behalf of the providing these directions, to achieve for monitoring progress They are also responsible relationships for the consulting with the public, building communicating and leadership, bene that the working on behalf of the community to help ensure Council acts as an advocate, outside the District. This is heard by other organisations and also in forums voice District’s involves: • • • ACTIVITY ACHIEVEMENTS:
es as being fi cation process fi Community Outcomes process Monitoring and reporting on Community Outcomes of the relationship building and partnerships as a result Intersectorial collaboration, activities in response to Community Outcomes of Council’s planning Integrated achieving Community Outcomes on behalf of the community toward Advocating work toward. a common set of ideals that the community wishes to Providing Strategic Planning. Strategic The Community Outcomes identi Leadership and Advocacy Governance, Community Planning and Partnerships • • • • • • COMMUNITY OUTCOMES: OUR CONTRIBUTION TO Act 2002 lie within this Strategic under section 92 of the Local Government Responsibilities Outcomes are indirectly contributed to through: Theme. Therefore all Community • KEY ACTIVITIES: • • The Local Government Act 2002 provides the framework within which all local authorities all local authorities within which the framework 2002 provides Act Government The Local guidelines the Act provides councils what they must do, than telling Rather must operate. operate. about how we should These principles of principles about good governance. to the Act are a number Central The in consultation with their communities. decisions openly, councils to make encourage community with other agencies to achieve councils to work collaboratively Act also requires with relationships Council’s of resources. This means that better use outcomes and make sector and community councils, the private other district and regional government, central on more importance. organisations take and voluntary of sustainable development. component a key alliances are and strategic Good governance boundaries, their traditional challenged to think beyond Councils and other agencies are approach to achieving what the community identi an integrated and to take important for its future. GOOD GOVERNANCE GOOD ALLIANCES STRATEGIC AND
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 78 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 81 ed every six years. ed every fi cation in 2010/11. fi (Waikato and Bay of Plenty) and local level. of Plenty) and Bay (Waikato three years. every Community Outcomes for the District. issues for the District and, where appropriate, actively ed emerging strategic fi for the District (The Top Twenty Report) Twenty for the District (The Top outcomes and monitor community to progress of Plenty, and Bay the Waikato District residents and ratepayers. on behalf of the Taupo advocated well- is important for all aspects of community community wishes to work toward, integrated more issues also deliver approaches to common being. Collaborative solutions. monitoring report second community outcomes Prepared and released Council’s in both approaches in collaborative participated and actively meetings Attended Identi set of ideals that the a common knowledge of District issues and having Improved encourage coordinated/collaborative approaches to achieving community outcomes approaches to achieving coordinated/collaborative encourage and outcomes are being achieved, about how well community Council with information and emerging issues indicate trends levels. regional and national
THE COMMUNITY PLANNING ACTIVITY HAD A SIGNIFICANT IMPACT ON THE HAD A SIGNIFICANT IMPACT THE COMMUNITY PLANNING ACTIVITY OF THE COMMUNITY THROUGH: WELL-BEING Not Applicable identi Target Outcomes for the District are next scheduled for The Community Achieved efforts at the regional participation in intersectorial collaboration Active Target Not on achieving the Community Outcomes reported Progress toward Applicable achieving the 2007/08. This report will measure progress toward during is scheduled to be prepared Report A State of the District WHAT WE DID: WHAT • • • • Target Community Outcomes identi and statutory requirements outcomes that meet community Identifying community other external agencies to departments and with Government Building relationships provide data-gathering activities that monitoring and other overseeing and Developing outcomes on progress with achieving community Reporting the views of the District at the community and representing for an advocate Acting as SERVICE PERFORMANCE RESULTS:
COMMUNITY PLANNING AND PARTNERSHIPS PLANNING COMMUNITY WE DO: WHAT and partnerships covers: Community planning • • • • • ACTIVITY ACHIEVEMENTS: ed with Council’s fi ed with the way Council ed with the way fi . 3 satis and ratepayers percent of residents ve cance. fi fi cant decisions comply with the requirements of the Local cant decisions comply with the requirements fi overall directions. overall Government Act 2002 Government involves them in decision-making. them in involves Target Seventy Seventy Target Not Applicable 2009. April/May next scheduled for Survey, Target Satisfaction Residents’ in the triennial is only measurable This target are satis least 45% of residents state they At Achieved Achieved Not Applicable 2009. scheduled for April/May next Survey, Signi Target Satisfaction Residents’ in the triennial measurable This target is only Refer to Council’s policy on signi SERVICE PERFORMANCE RESULTS: PERFORMANCE SERVICE FOOTNOTE 3
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 80 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 83 cance Policy) fi years. Policy). years years three to assist Council with decision making at least every Policies 2005/06 Annual Report Annual Plan 2007/08 Investment Amendment (changes to Council’s 2006/16 LTCCP three years every LTCCP amendments as required LTCCP between LTCCPs years Annual Plans in the intervening Annual reports prepared annually three Financial and funding policies reviewed at least every • • • • • • • • •
Policy community outcomes. facilities aimed at achieving and provides programmes, Investment changes to Council’s Amendment relating to Prepared an LTCCP and the 2007/08 Annual Plan. Prepared the 2005/06 Annual Report services and are enhanced as Council delivers All aspects of community well-being
Achieved Achieved were prepared: the following documents This year THE STRATEGIC PLANNING ACTIVITY HAD A SIGNIFICANT IMPACT ON THE WELL- SIGNIFICANT IMPACT PLANNING ACTIVITY HAD A THE STRATEGIC BEING OF THE COMMUNITY THROUGH: WHAT WE DID: WHAT • • • Target plans will be prepared as follows: and Policies Plans subsequent amendments and Community Plan (LTCCP) Council the Long Term Annual Reports Annual funding policies Financial and decision making (e.g. Signi to assist Council with Policies Business Plan. Corporate STRATEGIC PLANNING STRATEGIC WE DO: WHAT policies in place various to have Act 2002 requires local authorities The Local Government this work. and how we will undertake to what we do as an organisation and plans that relate principles. and operating activities plans inform the public of Council’s These policies and plans and policies, and of Council operating the preparation Planning involves Strategic of: progress. It includes preparation reporting on its • • • • • • ACTIVITY ACHIEVEMENTS: SERVICE PERFORMANCE RESULTS: cally mention responses to the fi cally related to the Taupo District Community cally related to the Taupo fi Allocation (Ministry for the Environment) (Ministry for the Environment). Development) Document (Ministry for the Environment) 6 - Water no. Plan proposed variation Regional Proposed Waikato Waikato) (Environment Strategy Management Pest Regional Draft Statement on Electricity Transmission Proposed National Policy Management Statement on Flood Risk National Policy Draft Annual Plan Waikato’s Environment 2007 Enquiry Rates Local Government to 2050 (Ministry of Economic Energy Strategy Zealand New Draft Discussion Sustainable Land Management and Climate Change • • • • • • • • Outcomes in their long term planning documents. Outcomes in their long term planning of Plenty. and Community Outcomes Bay outlined the need to establish strategic in regional forums have relationships and partnerships in their long-term planning documents. community outcomes processes in their documents (59%). Outcomes, emphasis in their documents has been placed on working Outcomes, emphasis in their documents has been placed on working community goals and improve together with other agencies to achieve well-being. Outcomes in February 2007. in February Outcomes
Target Target Substantially responses to the Community incorporate stakeholders 60% of key in two major intersectorial involved District Council was Taupo Achieved forums: Choosing Futures Waikato Community Outcomes collaboration participating (88%) actively out of 32 stakeholders Twenty-eight Though not speci Nineteen organisations speci Target Target Achieved annually Monitoring report prepared on Community Report Twenty its second Top Council completed Target 2009. Not April/May Applicable Survey. Satisfaction the triennial Residents’ Undertake Target is next scheduled for Survey Satisfaction The triennial Residents’ Achieved as required. Submissions made to other organisations Submissions were made to:
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 82 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 85 36 50
STATUS PROJECT ed fi
A Achieved S – small (minor) into future years Slippage by with completion expected carryover DC to be funded by Development Project 31 August 2007 identi Contribution – project will not go ahead project and appropriate until funds are available M X into future years move Deliberate – major slippage Not achieved (project will not be complete by 31 August 2007) or project will no longer be carried out DESCRIPTION OF PROJECT DESCRIPTION OF ACTUAL BUDGET FOR AQUISITION (REFER REASON KEY) $000’S $000’S NOTES Various Projects < $70k Budget Projects Various 36 50 CAPITAL EXPENDITURE: CAPITAL Key Total 1 1
92 10 82 92
1 1 -
50 50 50
500 907
- 5 5
36 36 36
5,933 5,624 6,116
gures shown in this cost of service statement and the year 1 fi
Funded by: Funds General from Reserves Transfers Note: There is some variance between the budget relate to a shift in the reporting budgets shown in the 2006-16 Long-Term Council Community Plan. The variances into a note disclosure. The budget presentation of a few areas of activity from one strategic theme to another, or in the LTCCP in their entirety. has been realigned accordingly. Council remains accountable for the budgets 6,121 5,625 5,934 3,267 5,625 2,684 3,207 Governance Community Planning Planning Strategic 6,121 Net Cost (surplus) of operations Funded By: 6,116 2,173 Rates General Funds General 5,624 2,232 741 5,933 2,192 709 475 5,143 973 5,124 5,026 Operating Expenditure Capital Expenditure Operating Income 2007 Actual Budget 2007 $000 Actual 2006 $000 $000 Other Income Governance COST OF SERVICE STATEMENT: COST OF SERVICE GOOD GOVERNANCE AND GOVERNANCE GOOD RESULTS – FINANCIAL ALLIANCES STRATEGIC
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 84 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 87 -
3
2006 $000
- (2,194)
10
(1,913) 2,194
8 - 88 - 525
16
839 876 977 $000 $000 $000
2,330 1,919 2,008 1,341 5,625 428 1,491 1,043 1,031 gures shown in this cost of service statement and the year 1 fi (16,090)
1,341 5,625 428
Transfers (to)/from Reserves 16,315 (to)/from Reserves Transfers General Funds (1,174) Funds General Opening Balance - 499 There is some variance between the budget relate to a shift in the reporting budgets shown in the 2006-16 Long-Term Council Community Plan. The variances into a note disclosure. The budget presentation of a few areas of activity from one strategic theme to another, or in the LTCCP in their entirety. has been realigned accordingly. Council remains accountable for the budgets Operating Income Rates Targeted Other Income Operating Expenditure Forestry Property Management Motor Camps Centre Management Town Taupo Others 145 115 2007 130 694 Actual Budget 95 2007 746 Net Cost (surplus) of operations 129 1,057 Actual 89 1,113 848 Funded By: 1,491 Rates General 912 1,043 Loan Repayments 411 1,031 106 220 731 595 2,440 784 2,431 532 Note: Capital Expenditure Funded by: Loans Raised (to)/from Reserves Transfers Funds General 322 733 284 1,011 4,892 56 OTHER – FINANCIAL RESULTS – FINANCIAL OTHER SERVICE STATEMENT: COST OF ve fi ce, fi elds’ fi eld and has made an offer to fi ciencies and a `one stop shop’ for ciencies fi ed staff fi ce space at the main Lake Terrace of Terrace ce space at the main Lake fi eld. fi e Range Road. The longer term goal of a new `green Road. e Range fl ting from the resulting ef ting from fi ce Accommodation fi ce with the potential divestment of the current Lake Terrace site has been Terrace of the current Lake ce with the potential divestment eld Land Purchase fi fi regulatory issues. The move freed up of freed regulatory issues. The move and implementation of which will be ‘OBJECTIVE’ EDRM system, the training completed in the 2007/08 year. in the Taupo central business district known as Gillespie Plaza. Both staff and business district known central in the Taupo the public are bene allowing both rationalisation on that site and the relinquishment of temporary on that site and the relinquishment of temporary allowing both rationalisation premises nearby on Ri main of Council Community Plan. in the 2009/19 Long Term deferred for consideration purchase the freehold land from the Ministry of Maori Development. The Ministry the Ministry of Maori Development. purchase the freehold land from processes. Meantime, pending ‘disposal clearance’ accepted the offer, has not yet Air Council maintains its lease of the After a robust selection process, Council has opted for the purchase of the Services Division shifted into leased premises The majority of the Environmental Air Council maintained its interest in the Turangi Electronic Document Records Management System Electronic Document Records Additional Of • • WHAT WE DID: WHAT Air Turangi • retaining appropriately quali and Recruiting information systems well managed Having quality results to producing conducive safe work environment a healthy Having Maintaining philosophies of risk reduction and continuous improvement.
Strategic Themes, it is important that the community is aware of some of the major work of some Themes, it is important that the community is aware Strategic service delivery. quality standards and improve we are undertaking to maintain While not directly contributing to the achievement of community outcomes and the of community outcomes and to the achievement While not directly contributing ACTIVITY ACHIEVEMENTS: • • • • INTRODUCTION: themes. These activities of the strategic of Council activities fall outside A small number are reported here. to all organisations, we need Like Improvement. a theme of Continuous also have We of delivering are up-to-date and capable facilities and internal systems ensure that our This means: were going to do. what we said we CONTINUOUS IMPROVEMENT CONTINUOUS
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 86 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 89 ow Statement 94 fl Our Finances at a Glance Consolidated Income Statement Consolidated Statement 91 of Changes in Equity 90 Consolidated Balance Sheet Consolidated Cash Statement of Accounting Policies 93 Notes to the Financial Statements 95 106 Council Controlled Organisations 92 Fund The TEL Investment 145 154 FINANCIAL 1,341 5,625
STATUS PROJECT ed fi ce to house staff Ability X 8 120 2 fi CAPITAL EXPENDITURE: CAPITAL DESCRIPTION OF PROJECT OF PROJECT DESCRIPTION ACTUAL BUDGET FOR AQUISITION (REFER REASON KEY) $000’S $000’S NOTES 1. Progressing - design competition held, with this to be judged in 2007/08. Development work to follow. 1. Progressing - design competition held, with this to be judged in 2007/08. 2. This project no longer required 3. Level of investment required less than budgeted 4. Continuation of programme into 2007/08 5. This project moved to 2007/08 Key Key A Achieved S – small (minor) into future years Slippage DC identi expected by with completion carryover to be funded by Development Project 31 August 2007 project Contribution – project will not go ahead and appropriate until funds are available Budget between Actual and LTCCP Capital Expenditure – Variances accomodation Afforestation Projects < $70k Budget Various Total / Council investment A 70 future revenue 113 247 3 540 M X into future years move Deliberate – major slippage (project Not achieved by 31 August 2007) will not be complete be carried out or project will no longer Subdivision constructruction Lot 60 development, design and marketing runway Airport Taupo Commercial venture reseal utilising surplus land land utilising surplus Information technology Commercial venture X Renewals network development Interim of / / Software Upgrades X 1,000 13 A Hardware 1 2,500 708 246 4 M 377 3 48 975 5
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 88 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 91
8,727 3,947 2,967
873
3,254 3,141 -
gure is considerably fi - - 36 49 - 6 (68)
nancial statements. 8,727 11,271 3,853 2,915 fi
-
5,537 14,974 14,778 14,772 4,798 2,031 9,998 10,537 3,697 11,321 10,640 5,537 14,974 11,607 14,655 5,537 14,974 14,784 14,704 5,537 14,974 14,748 14,655 5,537 14,974 14,784 14,704
698
2007 2007 2006 2007 2006 3,230 3,141 -
Actual Estimate Actual Actual Actual
26,165 24,189 23,138 26,129 23,819 Council Council Council Group Group
14,431 14,431 14,431
29 1,4 11,221 1,4 1,4 11,221 16,136 14,834 15,084 1,4 16,275 15,223 1,4
Notes $000 $000 $000 $000 $000
cit) fi ts earned from the subdivision and sale of surplus Council land. This cit) before taxation cit) before taxation 11,290 fi fi cant activities cant activities 1,3 22,050 17,751 23,330 22,432 23,892 fi cit) before taxation cit) after taxation cit) after taxation fi fi fi cit) after taxation is attributable to: t expenses fi fi Income revenue Rates from signi Revenue Other revenue 2 34,010 33,675 3 30,738 11,284 34,010 30,738 / credit (expense) Tax Net surplus (de District Council Taupo 5 - - 6 14,431 Other gains/(losses) revenue operating Total Expenditure bene Employee Other expenses 3 Net surplus (de 68,042 58,255 66,648 68,586 67,304 Depreciation and Amortisation in excess of the $2m budgeted from this source for the 2006/07 year. Explanation of Council net surplus: of $5.5m. Explanations for the Council achieved a net surplus this year of $14.4m in comparison with a budget Much of the surplus derives from variance between the actual and estimated net surplus are provided in note 28. recognition of the share of the non-cash revenue items such as infrastructure vested by developers ($5.2m); and net fair value gains in the value surplus / net assets of associate, the Lake Taupo Protection Trust ($3.1m); it should be noted that the surplus of various assets taken through the income statement ($0.7m). In addition, includes $7.1m of pro these The accompanying accounting policies and notes form part of Total operating expenditure operating Total surplus (de Operating 56,752 52,718 51,674 56,979 52,649 Net surplus (de Net surplus (de Minority Interest 6 - Finance costs Finance costs Share of associate surplus/(de
CONSOLIDATED INCOME STATEMENT INCOME CONSOLIDATED 30 June 2007 ended for the year Revenue 80 70 60 50 40 30 20 10 General Rates 31% Rates General Governance, Community Governance, Planning, $216 and Strategic Economic Development $76 and Marketing, Targeted Rates 19% Rates Targeted Corporate and Strategic, $55 and Strategic, Corporate Taupo Airport Authority, $1 Airport Authority, Taupo Lakes & River Systems, $3 Systems, & River Lakes Solid Waste, $90 Solid Waste, Managing Growth, $20 Emergency Management, $13 Stormwater, $32 Stormwater, Waste Water, $239 Water, Waste Roading, $206 Roading, Interest and Dividends 8% Group Assets Group Equity Group Revenue Water Supply, $194 Supply, Water Protecting Lake Taupo, $67 Taupo, Protecting Lake Recreation and Recreation Leisure, $203 Other 20% assets (including vested and gain on sale of assets) Environmental Planning, $48 Environmental 2001/02 2006/07 2002/03 2003/04 2004/05 2005/06 Operating Subsidies 4% Regulatory Services, $43 Regulatory Community Support, $41 Fees and Charges 18% Fees Community Facilities, $91 Community Facilities,
1,200 1,000 800 600 400 200 Assets / Equity Equity / Assets REVENUE AND ASSETS/EQUITY BY YEAR ($MILLIONS): REVENUE AND ASSETS/EQUITY ON AVERAGE IT COST EACH RATEPAYER $1,638 TO OPERATE THESE SERVICES: OPERATE $1,638 TO IT COST EACH RATEPAYER ON AVERAGE 2006/07 FUNDING SOURCES - GROUP: 2006/07 FUNDING OUR FINANCES OUR A GLANCE AT
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 90 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 93 18
243 286 523 197 515 956
1,513 3,816
266 902 418
56,321 41,521 56,321
102,163 90,263 801,306 798,451
1,041,417 890,756
nancial statements. fi - - - - 936 - 1,537 - - 1,666 3,141 1,491 -
197 243 515
523 566
7,783 7,910 7,866 7,842 7,066 3,816 7,509 426 1,694 - 1,694
43,846 42,140 44,154 44,555 43,490 45,819
54,195 53,598 55,775
540
81,572 90,263 63,046 63,046 34,933 18,189 10,783 44,014 18,189
658,396 286 136,145 849,883 1,002,429 844,211 960,563
231,633 796,275 971,835 887,067
2007$000 2007 $000 2006 $000 2007 $000 2006 $000 137 - 18 137 266 234 Actual Estimate Actual Actual Actual
7,420 7,420 382 600 679 382 679 4,080 4,200 11,431 4,112 566 11,466 902 141 1,957 1,771 1,618 1,969 1,634
426 1,478 Council Council Council Group Group
44,014 7,854 8,441 3,141 - 229 3,578 239 229 456 56,643 51,934 41,819 418 - 4,634 3,946 3,801 4,634 3,801 32 - 30 32 30
798,783 102,163 996,082
- -
1,088,924 1,051,950 941,262 1,095,015 946,531 941,262 1,095,015 1,088,924 1,051,950 1,036,638 1,036,638 971,835 887,067 1,041,417 890,756
15 15 16 18 17 18 41,832 16 19 10 19 13 14 29 - 12 11 -
Notes
t Liabilities t Liabilities fi fi
nancial statements are authorised for issue by Council on 9 October 2007. nancial statements are authorised for issue by fi Non-Current Assets Other Financial Assets Instruments Financial Derivative 9 27,104 35,366 49,025 25,504 47,429 Equity Accumulated Funds 6 Current Assets Cash and Cash Equivalents 7 Derivative Financial Instruments Financial Derivative Borrowings Restricted Reserves Reserves Restricted 6 Non-Current Liabilities Total 42,246 66,325 Other Financial Assets 9 Council Created Reserves Council Created Reserves 6 Inventories Inventories Intangible Assets Liabilities Deferred Tax 5 Total Net Assets - these The accompanying accounting policies and notes form part of - The R T Williams CHIEF EXECUTIVE OFFICER DISTRICT COUNCIL TAUPO 2007 9 October MAYOR DISTRICT COUNCIL TAUPO C T A Stent 9 October 2007 Investments in Associates Investments Biological Assets - Forestry Trade and Other Receivables Receivables and Other Trade 8 Current Liabilities Total Non-Current Liabilities Provisions 10,040 13,790 9,640 10,108 9,956 Employee Bene Employee Borrowings Contribution Liability Development - 2,679 Total Liabilities 52,286 80,115 Total Equity Current Assets Total and Equipment Plant Property, Non-Current Assets Total Total Assets Current Liabilities and Other Payables Trade 1,032,281 1,000,016 899,443 1,038,694 905,010 Revaluation Reserves Reserves Revaluation Minority Interest 6 135,426 6 Non-Current Assets Held for Sale Receivables and Other Trade Properties Investment 8 - - Bene Employee CONSOLIDATED BALANCE SHEET BALANCE CONSOLIDATED as at 30 June 2007 as at 30 June
(16) -
1,041,417 890,756
nancial statements. - 24 (68)
fi
5,537 14,974 14,784 14,704 27,350 158 135,877 158 32,887 15,132 150,637 14,930 27,350 - 135,223 -
32,887 15,132 150,661 14,862
2007$000 2007 $000 2006 $000 2007 $000 2006 $000 Actual Estimate Actual Actual Actual Council Council Council Group Group 887,067 938,948 871,935 890,756 875,894 149,571 14,431 149,571 32,887 15,132 150,661 14,862
1,036,638 971,835 887,067 Notes
cit) for the year cit) for the year fi ow hedges taken to equity ow hedges taken 6 643 - 137 643 137 fl
Total recognised income and expenses are recognised income Total attributable to: District Council Taupo 149,571 Total recognised income and expenses for the year Equity at end of the year Total recognised income and expenses for the year Net income (expense) recognised directly in equity 135,140
these The accompanying accounting policies and notes form part of Property, plant and equipment through equity gains/(losses) Revaluations 6 134,470 Surplus(de Minority Interest 6 - - Financial assets at fair value through equity Revaluation gains/(losses) through equity Revaluation 6 Cash 27 - on equity items Tax 21 27 21 6 - - - Equity at start of the year Equity at start of the year 30 for the year ended 30 June 2007 ended for the year CONSOLIDATED STATEMENT OF STATEMENT CONSOLIDATED IN EQUITY CHANGES
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 92 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 95 c fi nancial statements and fi nancial position have been applied: nancial position have nancial statements are prepared using nancial statements are prepared using fi fi nancial and operating policies, generally policies, generally nancial and operating policies below. and Standards and interpretations issued not yet adopted and There are no standards, interpretations, been issued, but are amendments that have District Council that Taupo effective, not yet applied. has not yet equity and the net surplus is provided in surplus is provided equity and the net note 30. set out below have The accounting policies to all periods been applied consistently presented in these Balance in preparing an opening NZ IFRS of the Sheet at 1 July 2005 for the purposes to NZ IFRS. transition The for assets the historical cost basis, except at fair and liabilities, which are recorded speci These are detailed in the value. Subsidiaries include special purpose entities District which Taupo and are those over Council and group has the power to govern fi arising from a shareholding of at least half exercisable rights. Potential of the voting rights are considered voting or convertible District when assessing whether Taupo Council and group controls another entity. Subsidiaries are fully consolidated from to the date on which control is transferred and de- District Council and group, Taupo consolidated from the date control ceases. The purchase method of accounting is used to account for the acquisition of subsidiaries. balances transactions, Inter-company and unrealised gains on transactions are eliminated. Unrealised losses are also eliminated, unless the transaction ACCOUNTING POLICIES which The following accounting policies of results materially affect the measurement and Basis of Consolidation
t fi t entity for fi nancial return. fi rst year in complying rst year fi nancial reporting. fi nancial statements include fi nancial statements have been nancial statements have fi nancial statements were authorised nancial statements nancial statements of Taupo District nancial statements of Taupo nancial statements of Taupo District nancial statements of Taupo fi fi fi nancial results or assets or liabilities to nancial results or assets or liabilities fi STATEMENT OF COMPLIANCE AND BASIS OF PREPARATION These prepared in accordance with generally in New Zealand accepted accounting practice and therefore also comply with International Standards. Financial Reporting This is the Council’s to equivalents with the New Zealand Standards International Financial Reporting for the year (NZ IFRS) and comparatives been restated ended 30 June 2006 have A reconciliation of to NZ IFRS accordingly. REPORTING ENTITY Council is a Local Authority District Taupo Act 2002. by the Local Government governed The in been prepared have Council and Group of section accordance with the provisions Act 2002. 98(1) of the Local Government The Council’s Protection Trust Taupo Council and the Lake as an equity accounted associate. of the The group reporting entity consists District Council, and its subsidiaries, Taupo Data Capture Airport Authority, Taupo Taupo and Destination Lake Limited Systems Council Limited. Council has two other Taupo Controlled Entities being the Lake Advisory Board and the Taupo Tourism Board. District Economic Development are These are advisory boards and there no consolidate. District of Taupo The primary objective goods or Council and group is to provide services for the community or social bene than for making a rather Accordingly the Council has designated itself and the group as a public bene the purposes of The ended 30 June 2007. Council are for the year The for issue by Council on 9 October 2007. STATEMENT OF STATEMENT POLICIES ACCOUNTING 30 June 2007 ended for the year
- - -
26
11,466 11,466
(19,838)
- 1,000 - - 419
96
145 338 150 375
3,967 10,128 3,997 1,453
4,112 nancial contributions.
fi - - -
26
405 31 419 405
11,431 11,431
- - - - -
nancial statements. fi 100 303
4,100 1,000 2,774 1,545 5,600 3,950 11,466 4,043 4,200 4,200 11,431 4,112
17,361 16,544 (2,242) 16,544 (2,242) 17,361 16,544
ects the net GST paid or received with the Inland fl 31 86 19,592 86 18,712 19,592 86 18,738 96 18,712 86 - 18,738
150
2007 2007 2006 2007 2006 2006 2007 2007 2007 $000 $000 $000 $000 $000 Actual Estimate Actual Actual Actual 17,304 18,417 16,148 17,767 16,632
(7,351) (1,400) 7,481 (7,354) 7,423
4,080 10,733 16,195 10,835 10,679 10,717 10,679 10,733 16,195 10,835 (16,061) (34,956) (19,898) (15,791) Council Council Council Group Group
nancing fi
ow) from ow) ow) from investing ow) from operating fl fl fl nancing activities 2,109 2,231 2,194 2,328 2,194 fi nancing activities nancing nancing activities fi nance lease liability fi fi nance lease liability - nancial reporting purposes. fi fi ow (out ow ow (out ow ow (out ow fl fl fl
ows from ows from investing activities activities ows from investing 26,064 39,756 26,149 25,794 26,107 ows from operating activities ows from operating 44,807 42,905 40,813 45,324 41,415 fl fl fl ows from investing activities ows from investing 10,003 4,800 6,251 10,003 6,269 ows from operating activities ows from operating 55,540 59,100 51,648 56,003 52,132 ows from fl fl fl ows from operating activities fl activities (2,023) Net cash in Cash was provided from : provided Cash was Loans raised Fees, charges and other income charges and other Fees, Cash from : provided Cash was Rates Interest income Dividends received 4,235 6,510 33,970 3,621 34,173 4,235 3,621 31,055 33,970 31,055 Net GST received Net GST received - Cash out Short term deposits (less than 3 months) - Cash out Cash Flows from Cash at end of period activities Net cash in Cash out Cash Flows from investing activities from : provided Cash was plant and Proceeds from sale of property, equipment Cash in applied to : Cash was of property, Purchase and development plant and equipment Purchase of intangible assets Net increase in investments 10,003 4,290 21,624 4,800 36,982 6,251 24,604 10,003 21,647 6,269 24,654 activities Net cash in Cash at end of period amounts do not provide meaningful Revenue Department. The GST item is disclosed on a net basis as the gross information for The accompanying accounting policies and notes form part of these 4,080 Notes The LTCCP included separate disclosure of subsidies, capital subsidies and development/ Separate disclosure is not required under NZ IFRS and these items have now been included in fees, charges and Separate disclosure is not required under NZ IFRS and these items have now other income. The net GST item in the operating activity re Cash in applied to : Cash was to suppliers and employees Payments Interest on public debt Net GST paid 41,226 39,208 37,945 41,706 38,516 3,206 3,697 2,868 375 3,243 2,899 Cash in Net increase (decrease) in cash held Add cash at start of year Add cash at start of year 11,431
Net increase in applied to: Cash was of loans Repayment of Net repayment 2,013 2,231 2,194 2,232 2,194 Consisting of: Cash and bank 113 Call deposits 3,967 - 10,128 CONSOLIDATED CASHFLOW STATEMENT STATEMENT CASHFLOW CONSOLIDATED 2007 ended 30 June year for the
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 94 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 97 cant fi nancial nancial fi fi lled. fi Water billing revenue is recognised on an recognised on an is revenue billing Water as a result of Unbilled sales, accrual basis. on are accrued end, at year unread meters usage basis. an average non-monetary including grants, Government shall not be recognised at fair value, grants Council and group until District by Taupo that: assurance there is reasonable comply with the conditions (a) the entity will and accounting to them; be received. will (b) the grants related than grants other grants, Government recognised as income over to assets, shall be to match them withthe periods necessary tothe related costs which they are intended compensate, on a systematic basis. subsidies roading New Zealand Land Transport upon entitlement,are recognised as revenue to eligiblewhich is when conditions pertaining been ful expenditure have Other grants and bequests, and assets Other grants in the Council – with or without vested when conditions – are recognised as revenue the assets is obtained. Grants control over their fair and bequests are recognised at assurance where there is a reasonable value or bequest will be received that the grant comply and that Council as the recipient will with all attached conditions. from the sale of goods is recognised Revenue in the income statement when the signi been of ownership have risks and rewards to the buyer. transferred services rendered from any Revenue is recognised as described above) (except in the income statement in proportion to the at the stage of completion of the transaction balance sheet date. The stage of completion of work is assessed by reference to surveys performed. property is income from investment Rental recognised in the income statement on a the term of the lease. basis over straight-line are recognised as granted Lease incentives part of the total rental income. an integral contributions and Development contributions are recognised as revenue or is able to when the Council provides, rise to the the service that gave provide, charging of the contribution. Otherwise contributions and development contributions are recognised as liabilities or is until such time as the Council provides, the service. able to provide, nancial fi t or loss fi nancial asset fi ow hedges is recognised ow hedges is recognised fl ow hedge fl been prepared nancial statements have fi Derivatives that do not qualify for hedge that Derivatives accounting instruments do not Certain derivative qualify for hedge accounting. Changes in instrument derivative of any the fair value that does not qualify for hedge accounting are recognised immediately in the income statement. GST The Revenue recognised when invoiced. is revenue Rates value hedges are recorded in the income in the income are recorded hedges value in changes any together with statement, asset or liability of the hedged the fair value hedged risk. attributable to the that are Cash the fair portion of changes in The effective and that are designated of derivatives value qualify as cash The gain reserve. in equity in the hedging portion to the ineffective or loss relating in the income is recognised immediately statement. in equity are recycled Amounts accumulated in the periods when in the income statement the hedged item will affect pro sale that (for instance when the forecast when the place). However, is hedged takes that is hedged results forecast transaction in the recognition of a non or a non (for example, inventory) liability, the gains and losses previously the gains liability, from deferred in equity are transferred equity and included in the measurement of the of the initial cost or carrying amount asset or liability. or is sold When a hedging instrument expires longer or terminated, or when a hedge no any meets the criteria for hedge accounting, gain or loss existing in equity at cumulative that time remains in equity and is recognised is ultimately when the forecast transaction recognised in the income statement. is no longer When a forecast transaction gain or loss the cumulative expected to occur, reported in equity is immediately that was to the income statement. transferred exclusive of GST with the exception of of GST with the exception exclusive been that have and payables receivables Where GST is not of GST. shown inclusive as an input tax it is recognised recoverable as part of the related asset or expense. nancial fi t or loss. fi ow hedges). fl ows of hedged items. fl rst recognised at fair value value rst recognised at fair fi rm commitment (fair value (fair value rm commitment fi nancial instruments are nancial fi nancial instruments for trading for trading nancial instruments fi Fair value hedge value Fair of derivatives Changes in the fair value that are designated and qualify as fair Hedging are Derivatives the respective group entities, Taupo District District Taupo group entities, the respective hold or issue and group do not Council derivative on the date a contract is entered into and are on the date a contract value. subsequently re-measured to their fair gain The method of recognising the resulting or loss depends on whether the derivative and is designated as a hedging instrument, of the item being hedged. the nature if so, District Council and group designates Taupo as either: (1) hedges certain derivatives of recognised assets or of the fair value liabilities or a hedge); or (2) hedges of highly probable (cash forecast transactions District Council and group documents Taupo the at the inception of the transaction relationship between hedging instruments and hedged items, as well as its risk for and strategy management objective hedge transactions. undertaking various District Council and group also Taupo documents its assessment, both at hedge inception and on an ongoing basis, of whether that are used in hedging the derivatives been and will continue to have transactions in offsetting changes in be highly effective or cash fair values However, where derivatives qualify for hedge derivatives where However, resultant gain of any accounting, recognition on the nature of the item or loss depends being hedged (see Hedging policy). is the swaps of interest rate The fair value would estimated amount that the group at to terminate the swap or pay receive account the balance sheet date, taking into and the current current interest rates counterparties. creditworthiness of the swap contracts exchange of forward The fair value price at the balance is their quoted market of the sheet date, being the present value price. quoted forward purposes. However, derivatives that do not that do derivatives However, purposes. are accounted hedge accounting qualify for instruments. for as trading Derivative Subsequent at fair value. recognised initially derivative to initial recognition, The stated at fair value. instruments are to fair value gain or loss on re-measurement in pro is recognised immediately cant fi cit of the associate is fi ow hedges and qualifying fl cit of the Trust in keeping in keeping cit of the Trust fi uence with two other settlors, nancial statements using the fl fi nancial instruments to hedge fi cant in fi uence over it without it being either it without it being either uence over fl nancing and investment activities. In nancing and investment nancial statements: Derivative Financial Instruments District Council and group uses Taupo derivative and foreign its exposure to interest rate risks arising from operational, exchange fi accordance with the treasury policies of net investment hedges. net investment Foreign Currency Transactions The functional and presentation currency in dollars. Transactions is New Zealand at the foreign currencies are translated of ruling on the day rate foreign exchange the transaction. currency monetary assets and Foreign liabilities at the balance date are translated ruling at that date. to NZ dollars at the rate differences arising on exchange Foreign are recognised in the income translation when deferred in equity statement, except as qualifying cash equity method. The associate is the Lake the Lake equity method. The associate is treated is The Trust Protection Trust. Taupo as an associate, as Council has signi share with this 33.3% interest. Council’s of the surplus or de Taupo District Council accounts for an District Council accounts Taupo associate in the parent in an investment and group in organisation, nor an a subsidiary of any Council has equal interest in a joint venture. signi As and the Crown. Waikato Environment equity a result Council accounts for an of interest of 33.3%. The carrying amount is increased or decreased interest Council’s share of to recognise Council’s each year the surplus or de recognised in the Income Statement. Accounting for Associates provides evidence of the impairment of of the impairment evidence provides policies Accounting transferred. the asset changed where been have of subsidiaries with the to ensure consistency necessary, District Council by Taupo policies adopted and group. are treated as The following entities consolidated Council’s subsidiaries in fi Authority (50% owned but in Airport Taupo control) exercises substance Council Limited Data Capture Systems (100% owned) Limited Taupo Destination Lake (100% owned)
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 96 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 99
cation fi nancial fi ed as available for ed as available fi nancial assets at fair value nancial assets at fair value fi t and loss and are stated t and loss and fi cation depends on the purpose on the cation depends fi ed as ed as held-to-maturity investments, ed as held-to-maturity investments, fi fi statements, Taupo District Council’s equity District Council’s statements, Taupo subsidiary companies are in its investments (see stated at cost, less impairment losses impairment policy). of its investments at initial recognition, recognition, at initial of its investments at every this designation and re-evaluates After initial recognition reporting date. at their are measured these investments and losses are recognised Gains fair value. for impairment except directly in equity recognised in the income losses, which are any of impairment, event statement. In the losses previously recognised cumulative and from equity removed in equity will be income statement even recognised in the not been derecognised. though the asset has or loss gain the cumulative On derecognition previously recognised in equity is recognised in the income statement. Trade and Other Receivables are initially and other receivables Trade and subsequently measured at fair value Council investment in subsidiaries Council investment the purposes of the Council’s For in debt and equity securities Investments are Financial instruments held for trading classi through pro The classi were acquired. the investments for which the classi determines Management at fair value, with any resultant gain or with any at fair value, loss recognised in the income statement. fall investments equity managed Council’s is determined as value Fair into this category. based on the 30 June value current market relevant closing sale price recorded in the of the foreign- The value stock exchange. to New listed managed equities is converted rate dollars at the 30 June closing Zealand of exchange. shareholding in King Country Council’s Energy Limited is classi is stated at fair value sale. This investment with the resultant gain or loss recognised is determined at value Fair through equity. 30 June based on the value current market sale price. closing stock exchange District Council and group Where Taupo to hold intent and ability has the positive they are bonds to maturity, Government classi measured at initial recognition at fair value, and subsequently carried at amortised cost less impairment losses. ed in ed fi xed xed or t or loss fi fi xed maturities, xed fi ed in any of the ed in any fi nancial liabilities at ed as current assets fi fi t or loss nancial assets xed or determinable xed fi fi fi nancial assets are non- fi classi nancial asset is fi nancial assets with fi ows, and in current liabilities on ows, and in current liabilities fl nancial assets held for trading, and those nancial assets held for trading, nancial assets with determinable payments and determinable payments intention that management has the positive After initial and ability to hold to maturity. recognition they are measured at amortised interest method. cost using the effective Gains and losses when the asset is impaired or derecognised are recognised in the income statement. (c) Held-to-maturity investments are non- Held-to-maturity investments derivative (d) Available-for-sale Available-for-sale are either designated in that derivatives or not classi this category, other categories. maturities of three months or less. Bank or less. Bank of three months maturities demand on repayable that are overdrafts District of Taupo part an integral and form are cash management, group’s Council and of cash and cash as a component included purpose of the statement for the equivalents of cash Financial Assets and group classify its District Council Taupo in the following categories: investments or (a) Financial assets pro through fair value This category has two sub-categories: fi through pro designated at fair value (b) Loans and receivables are non-derivative Loans and receivables fi an active that are not quoted in payments, After initial recognition they are market. measured at amortised cost using the interest method. Gains and losses effective when the asset is impaired or derecognised are recognised in the income statement. the balance sheet. at inception. A for the this category if acquired principally or if so purpose of selling in the short term, are designated by management. Derivatives unless also categorised as held for trading Assets in they are designated as hedges. this category are classi if they are either held for trading or are if they are either held for trading months expected to be realised within 12 initial of the balance sheet date. After their fair recognition they are measured at Gains or losses on remeasurement values. are recognised in the income statement. nance cation fi fi ed purposes or fi ed into a number fi ed conditions are met. fi c conditions accepted as fi ed uses Council makes of its ed uses Council makes fi interest payable costs comprise nancing fi Accumulated Funds Council Created Reserves Reserves Restricted Reserves Revaluation
Cash and Cash Equivalents comprise cash Cash and cash equivalents balances and call deposits, and other with highly liquid investments short-term Reserves are a component of Public Equity and Reserves parts ofrepresent a particular use to which be may been assigned. Reserves equity have legally restricted or created by the Council. are reserves Council Created Reserves Council established by Council decision. The to any alter them without reference may to and third party or the Courts. Transfers are at the discretion of from these reserves the Council. are those reserves Reserves Restricted subject to speci Net the effective calculated using on borrowings exchange method, foreign rate interest instruments losses on hedging losses, and in the income statement that are recognised (see Hedging policy). component of The interest expense Equity in the interest Equity is the community’s of total by the value Council as measured Equity is assets less total liabilities. Public disaggregated and classi to enable clearer identi of reserves of the speci • • • • Financing costs Financing recognised in the income is lease payments rate interest the effective statement using method. equity accumulated surpluses. The public following of Council is made up of the components: binding by the Council, and which Council not revise without reference to a third may be may from these reserves Transfers party. made only for certain speci when certain speci arise from Reserves Asset Revaluation with certain asset classes being revalued, these classes including land, buildings, assets, restricted assets and infrastructural The treatment of revaluation investments. is detailed elsewhere in these movements policies.
cant fi nance fi nance leases. At nance leases. At fi cant activities and is cant activities fi ed as nance charge and the fi fi nance leases are recognised as fi cant uncertainties regarding recovery regarding recovery cant uncertainties fi nance charge is allocated to each period activities and are included as general rate rate activities and are included as general in the income statement. revenue is recognised if there are No revenue signi due, associated costs or of the consideration the possible return of goods. Finance lease payments are apportioned Minimum lease payments between the lease are depreciated as if the assets are owned. lease payments Operating leases are made under operating Payments recognised in the income statement on a the term of the lease. basis over straight-line are recognised in received Lease incentives part of the income statement as an integral the total lease expense. assets and liabilities on the balance sheet assets and liabilities on the balance leased of the at the lower of the fair value of the property and the present value additional Any minimum lease payments. direct costs of the lessee are added to the amount recognised as an asset. assets leased under a Subsequently, Expenses Leases the risks Leases in which substantially all of to the of ownership transfer and rewards lessee are classi inception, included as other income in the income included as other statement. asset is acquired for nil Where a physical of the fair value or nominal consideration revenue. is recognised as the asset received are District Council in Taupo Assets vested over when control recognised as revenue the asset is obtained. are not allocated to signi rates General Dividend income shall be recognised when recognised when income shall be Dividend payment receive right to the shareholder’s is established. in the income income is recognised Interest using the effective statement as it accrues, Interest income is not interest method. allocated to signi reduction of the outstanding liability. The reduction of the outstanding liability. fi during the lease term, so as to produce a of interest on the constant periodic rate remaining balance of the liability.
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 98 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 101 ed Government fi t out 15-35 yrs 2.9%-6.7% SL fi ce Equipment 5-10 yrs 10-20%DV fi Additions are shown valuations Additions between Certain assets. vested at cost, except been and land have assets infrastructural in Council as part of the sub-divisional vested land reserve The vested consent process. recognised at the most has been initially recent appropriately certi assets infrastructural Vested valuation. quantities based on the actual are valued and components vested, of infrastructure providing the current “in the ground” cost of identical services. Depreciation on Land is not depreciated. Depreciation either other assets is calculated using line or the diminishing value the straight revalued method to allocate their cost or over amounts, net of their residual values, their estimated useful lives. and associated depreciation The useful lives been of assets to be depreciated have rates estimated as follows: Nil assets: Operational Land Nil Buildings 10-25%DV Site Value Structure Roof yrs Services 10-20%DV Internal yrs SL 13 yrs 20-80 -5% 1.3% Plant yrs yrs -10yrs 20-45 Machinery 4-10 20-40 SL SL 7.69% SL 2.5%-5% 2.5%-5% Computer Equipment 4 yrs Of Furniture & Fittings 5 -10 yrs yrs 20-30 Furniture Park 25%SL 5 Vehicles 10%-20%DV 3.3% - 5% SL Books Library 2-25 yrs assets: Infrastructural Roads 4%- 50% SL 6.5 yrs top surface pavement 15.5%SL formation culverts 3 -20 yrs footpaths 5%-33%SL 45 - 60 yrs not depreciated 1.7%-2%SL 55-80 yrs 50 - 80 yrs 1.3%-1.8%SL 1.3%-2%SL equity to the extent of the remaining reserve remaining reserve the extent of the equity to other decreases to the class; all attributable statement. to the income are charged as part costs are not capitalised Borrowing They are recognised of the cost of an asset. the period in which they as an expense in are incurred.
nancial fi rst charged fi ts associated fi ow to the Group and the ow to the rst time at 1 July 2005. fl fi cient regularity to ensure revalued ensure revalued cient regularity to fi ow hedges of foreign currency purchases rst recognised in the income statement.
Under NZ IFRS these valuations have been have Under NZ IFRS these valuations will no deemed cost, and these classes are not Heritage assets longer be valued. depreciated. plant and equipment is All other property, stated at historical cost less depreciation. that is Historical cost includes expenditure of the directly attributable to the acquisition from also include transfers items. Cost may gains/losses on qualifying cash equity of any fl plant and equipment. of property, Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic bene Any accumulated depreciation at the date of at the date of depreciation accumulated Any against the gross is eliminated revaluation and the net amount of the asset, carrying amount revalued restated to the amount is are performed Valuations of the asset. with suf that is not at a value assets are carried from fair value. materially different by initially valued was Land under roads at 30 June New Zealand Quotable Value considered deemed cost. 2005 which was to fair value revalued This asset class was at 30 June New Zealand by Quotable Value at 45% of valued was 2007. Urban land Rural value. market the surrounding land’s based on the surrounding valued land was Land under roads is value. market land’s not depreciated. at valued was The Airport Infrastructure by Beca depreciated replacement cost Limited at 30 June 2002. This Valuations is considered deemed cost. valuation were Heritage assets and park furniture included for the with the item will All cost of the item can be measured reliably. other repairs and maintenance are charged to the income statement during the period in which they are incurred. Increases in the carrying amounts arising of an asset class are credited on revaluation in shareholders’ reserves to revaluation the extent that the increase To equity. a decrease previously recognised reverses in the income statement, the increase is fi previous increases Decreases that reverse of the same asset class are directly in reserves against revaluation ed ed fi fi as held for sale ed fi t or service to the fi xed utility systems owned by the xed fi Non current assets classi Non current group classi of a disposal and the assets separately for sale, are presented as held balance sheet. other assets in the from the group classi of a disposal The liabilities are presented separately as held for sale in the balance sheet. from other liabilities community and cannot be disposed of community and cannot be disposed because of legal or other restrictions. assets assets – Infrastructure Infrastructure are the all items Council. Each asset type includes function, that are required for the network to includes reticulation for example, wastewater reticulation piping and pump stations. Heritage assets and works of art. Valuation Methodologies land and restricted land were Operational Quotable by at fair value initially valued which at 30 June 2005, New Zealand Value considered deemed cost. These were was Value by Quotable to fair value revalued at 30 June 2007. New Zealand at buildings were initially valued Operational at Zealand New by Quotable Value fair value considered deemed 1 July 2005, which was by to fair value cost. These were revalued at 30 June New Zealand Quotable Value 2007. for roading assets (except Infrastructure at depreciated land under roads) were valued replacement cost by Council Asset Managers and reviewed by Opus International Consultants Limited at 30 June 2005. This is considered deemed cost. valuation and wastewater water, Infrastructure buildings associated (excluding stormwater at with these networks) were valued depreciated replacement cost by Beca Limited at 30 June 2005. This Valuations is considered deemed cost. valuation at cost is valued solid waste Infrastructure less accumulated depreciation. Property, plant and equipment Property, plant consist of: plant and equipment Property, – These include land, assets Operational books, library buildings, improvements, and motor vehicles. plant and equipment, assets are assets – Restricted Restricted owned by the Council, parks and reserves a bene which provide ed as rst-in, rst-in, fi fi ed as held for sale continue to ed as held for sale continue fi ed as held for sale and stated at the fi rst-out principle, and includes expenditure principle, and includes expenditure rst-out fi and incurred in acquiring the inventories and bringing them to their existing location condition. Non-current assets (or disposal groups) Non-current assets (or disposal held for sale are Non current assets (or disposal groups) classi fair value lower of their carrying amount and amount less costs to sell if their carrying principally through a sale will be recovered than through continuing rather transaction use. An impairment loss is recognised for any initial or subsequent write down of the asset less costs to (or disposal group) to fair value subsequent sell. A gain is recognised for any less costs to sell of increases in fair value an asset (or disposal group), but not in impairment loss cumulative of any excess previously recognised. A gain or loss not previously recognised by the date of the sale of the non current asset (or disposal group) is recognised at the date of de-recognition. Non current assets (including those that are part of a disposal group) are not depreciated or amortised while they are classi held for sale. Interest and other expenses attributable to the liabilities of a disposal group classi be recognised. Inventories of cost are stated at the lower Inventories Net realisable value value. and net realisable ordinary is the estimated selling price in the costs course of business, less the estimated of completion and selling expenses. for distribution at no held Inventories stated charge, or for a nominal amount, are at the lower of cost and current replacement cost. is based on the The cost of inventories valued at their amortised cost using the cost using the their amortised at valued less impairment interest method, effective impairment policy). losses (see impairment of receivables for A provision there is objective is established when will not be able to evidence that Council due according to the collect all amounts The amount receivables. original terms of is the difference between of the provision and the present value the carrying amount of the debt. recovery of the estimated
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 100 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 103 ows. fl Financial Liabilities bonds Financial liabilities (creditors, loans, at fair and deposits) are initially recognised These are subsequently recognised value. at amortised cost. Employee Entitlements District is made in respect of Taupo Provision liability for annual Council and group’s and long service leave, sick leave, leave, gratuities. is assessed liability The retiring gratuity of on an actuarial basis using current rates of service, taking into account years pay staff to entitlement and the likelihood years will reach the point of entitlement. These estimated amounts are discounted to their present value. for which there is already Long-service leave actual entitlement is accrued at actual In of pay. entitlement using current rates addition, there is an actuarial assessment of been for which entitlement has not yet value reached. This assessment uses current rates of service, taking into account years of pay staff to entitlement and the likelihood years will reach the point of entitlement. These estimated amounts are discounted to their present value. generating assets is the present value of present value assets is the generating future cash expected its exceeds carrying amount If an asset’s impaired the asset is amount recoverable amount is written down to and the carrying assets revalued amount. For the recoverable is recognised against the impairment loss of for that class reserve the revaluation results in a debit balance asset. Where that is the balance reserve, in the revaluation income statement. recognised in the amount, assets not carried at a revalued For loss is recognised in the total impairment the income statement. of an impairment loss on a The reversal asset is credited to the revaluation revalued to the extent that an However, reserve. of asset impairment loss for that class previously recognised in the income was of the impairment loss statement, a reversal is also recognised in the income statement. amount assets not carried at a revalued For an of (other than goodwill) the reversal income impairment loss is recognised in the statement. ts or fi ows. fl ed as investment fi ows and where the fl ts or service potential of the asset are fi ows from one growth cycle based on ows from one growth cycle nancial statements. Investment property Investment nancial statements. harvest from tree forecast tree growth is tree growth is tree forecast from harvest prices and the by expected wood multiplied management, with forest costs associated are then and distribution harvesting cash annual to derive deducted the forest assets is of The fair value of cash present value measured as the fl into forest land, taking the productive operational environmental, consideration assets Forest restrictions. and market from the underlying separately are valued freehold land. Investment property under Properties leased to third parties leases are classi operating to meet property unless the property is held to than rather objectives, service delivery earn rentals or for capital appreciation. property, Council itself has no investment property the Airport has investment however group and this is consolidated into the fi including is measured initially at its cost, costs. After initial recognition, transaction property Council measures all investment by an as determined annually at fair value independent valuer. in Gains or losses arising from a change property are of investment the fair value recognised in the income statement. Impairment District The carrying amounts of Taupo assets, other than Council and group’s property (see Investments investment policy) (see Inventories policy), inventories and deferred tax assets (see Income Tax policy), are reviewed at each balance sheet date to determine whether there is any indication of impairment. An impairment loss is recognised for the carrying amount by which the asset’s amount. its recoverable amount exceeds amount is the higher of an The recoverable costs to sell and value less fair value asset’s in use. in use is depreciated replacement Value cost for an asset where the future economic bene not primarily dependent on the assets ability net cash in to generate entity would, if deprived of the asset, replace entity would, if deprived its remaining future economic bene in use for cash- service potential. The value
c fi ows from continued fl ed is written off. As As is written off. ed fi ow models where the fair value is ow models where the fair value fl calculated using cash that are, based on sustainable operations; forest management plans taking into account growth potential. The yearly Forest assets Forest assets are predominantly standing Forest trees which are managed on a sustainable yield basis. These are shown in the balance less estimated point of sheet at fair value The costs to establish sale costs at harvest. and maintain the forest assets are included in the income statement, together with the for each accounting change in fair value period. District Council of Taupo The valuation and groups forests is based on discounted cash the company has made the decision to the decision to has made the company expenditure all development cease trading, fully impaired. has been Software licenses are software Acquired computer basis of the costs incurred capitalised on the bring to use the speci to acquire and Biological assets and agricultural produce or plant. A biological asset is a living animal of Biological assets that are the subject activity (i.e. the management agricultural of biological of the biological transformation produce, or assets for sale, into agricultural stated into additional biological assets) are less estimated point-of-sale at fair value annual costs, determined on the basis of an resultant gain or loss with any revaluation, Point- recognised in the income statement. costs include all costs that would be of-sale costs necessary to sell the assets, excluding necessary to get the assets to market. at All other biological assets are measured value. the lower of cost and net realisable product produce is the harvested Agricultural biological assets. Agricultural of the entity’s less produce is measured at fair value costs at the point of estimated point-of-sale harvest. (if any) that is no longer recoverable, and recoverable, is no longer that (if any) so identi amount any software. These are valued at cost, and are valued These are software. useful life of the expected amortised over the license. with maintaining computer Costs associated as an expense are recognised software when incurred.
1.25%-2.2%SL 80 yrs ts are expected to exceed those costs, ts are expected to exceed fi
The assets’ residual values and useful lives are lives and useful The assets’ residual values at each reviewed, and adjusted if appropriate, balance sheet date. carrying amount is written down An asset’s amount if the immediately to its recoverable carrying amount is greater than its asset’s amount. estimated recoverable Development costs are capitalised where future Development bene otherwise such costs are recognised in the income statement in the period in which they are incurred. Unamortised costs are reviewed at each balance date to determine the amount Intangible Assets expenditure Development Costs related to producing the accounting Ltd. billing system for Data Capture Systems Gains and losses on disposal are determined by comparing proceeds with carrying amount. These are included in the income statement. assets are sold, the amounts When revalued in respect of those included in other reserves to retained earnings. assets are transferred The total cost of a project is transferred to the The total cost of a project is transferred asset class on its completion and then relevant depreciated. The current carrying amount of items under construction is separately disclosed. Disposal Assets under construction depreciated. Assets under construction are not Sewerage Reticulation Reticulation Sewerage pipes manholes Plant Treatment yrs Systems Stormwater 80 10 – 80 yrs pipes 80 yrs 15 – 1.3%-10%SL 1.3%SL manholes, cesspits 1.3%-6.7%SL Flood Control Systems yrs 15 - 18 80 - 100 yrs 1%-1.3%SL Assets: Restricted 5.6%-6.7%SL Land 100 yrs 80 - Other 1%-1.3%SL Nil yrs 0-40 0-2.5%SL Nil kerbs kerbs signs street lights Bridges yrs 15 yrs roads land under 60 25 - 60 yrs Reticulation Water not depreciated 1.7%SL pipes 6.7%SL 1.7%-4%SL 90-100 yrs hydrants valves, 1%-1.1%SL pump stations 40 yrs tanks - 45 10 - 60 yrs 2.5%SL 1.7%-10%SL 80 yrs 25 - 1.3%-4%SL
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 102 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 105
cation of Property fi lives have been determined with reference been determined have lives Valuation Asset Infrastructural to the NZ published by Guidelines and Depreciation Steering Asset Management the National for local been adjusted and have Group, on past experience. conditions based and deterioration Asset inspections, are also carried condition modelling asset part of Council’s out regularly as activities, which management planning Council with further assurance provides its useful life estimates. over Critical Judgements in Applying Critical Judgements in Applying Council’s Accounting Policies the following Management has exercised Council’s critical judgements in applying the ended 30 accounting policies for the period June 2007. Classi which Council owns a number of properties, housing are maintained primarily to provide of market-based to pensioners. Receipt to rental from these properties is incidental holding these properties. These properties as objectives are held for service delivery social housing policy. part of the Council’s for as These properties are accounted and equipment. plant property, Experienced independent valuers perform perform valuers Experienced independent asset infrastructural the Council’s revaluations. c fi cant fi ect the fl ts of the fi nancial statements, fi nancial year are discussed nancial year fi ect its actual condition. This ect its actual condition. fl nancial performance. To minimise this nancial performance. To fi capacity of an asset; and which the over the remaining useful lives asset will be depreciated. These estimates can be impacted by the local conditions, for example, weather patterns and traf do not re growth. If useful lives actual consumption of the bene or under asset, then Council could be over estimating the annual depreciation charge recognised as an expense in the statement of asset useful infrastructural risk, Council’s an asset, for example, the Council could an asset, for example, the Council that be carrying an asset at an amount does not re is particularly so for those assets which are not visible, for example stormwater, that supply pipes and water wastewater are underground. This risk is minimised by Council performing a combination inspections and condition of physical modelling assessments of underground assets; Estimating any obsolescence or surplus Estimating any Estimates are made when determining of and condition deterioration The physical • • Third Party Transfer Payment Agencies Transfer Payment Third Party group collect Council and District Taupo Where organisations. for many monies through Taupo are processed collections books, any Council and group’s District payables shown as trade monies held are Amounts collected in the Balance Sheet. parties are not recognised on behalf of third from but commissions earned as revenue, recognised in revenue. acting as agent are Estimates and Critical Accounting Assumptions In preparing these estimates and assumptions Council has made These estimates concerning the future. the differ from and assumptions may and subsequent actual results. Estimates and judgements are continually evaluated and other are based on historical experience future factors, including expectations or to be reasonable that are believed events under the circumstances. The estimates a signi and assumptions that have to the risk of causing a material adjustment liabilities carrying amounts of assets and within the next below: Assets Infrastructural and There are a number of assumptions the estimates used when performing depreciated replacement cost valuations assets. These include: infrastructural over • gures fi nancial fi t will be fi cant activity fi cant activity) fi t or loss for the year or loss for the year t fi c signi cant activities based fi fi by the gures are those approved fi ed in an economically feasible fi nancial statements. fi cant activity) are charged directly to cant activities. fi fi ts will be available against which the ts will be available fi borrowings are measured at amortised cost at amortised cost are measured borrowings method. interest effective using the Cost Allocation the net District Council has derived Taupo cost of service for each signi cost of the Council using the following allocation system: Direct costs (costs directly attributable to a signi signi Indirect costs (those costs which cannot be identi with a speci manner, are charged to signi and related activity/usage on cost drivers information. Budget Figures The budget Income Tax Income on the pro Income tax comprises current and deferred tax. Income comprises current in the income statement tax is recognised that it relates to items to the extent except which case in in equity, recognised directly equity. it is recognised in on expected tax payable Current tax is the using tax for the year, the taxable income substantially enacted at enacted or rates adjustment date, and any the balance sheet respect of previous years. in to tax payable the balance using Deferred tax is provided for sheet liability method, providing differences between the carrying temporary amounts of assets and liabilities for used reporting purposes and the amounts for taxation purposes. to the A deferred tax asset is recognised only taxable extent that it is probable that future pro assets asset can be utilised. Deferred tax no longer are reduced to the extent that it is probable that the related tax bene realised. Council at the beginning of the year after a Council at the beginning of the year period of consultation with the public, as part Plan Council Community of the Long Term / Annual Plan process. The budget been prepared in accordance with have and accepted accounting practice, generally are consistent with the accounting policies adopted by the Council for the preparation of the c fi c to ows fi ts to fl fi ows expected fl ll post-closure ll asset where fi fi ts, the amount fi ects current market fl ll post-closure. fi ll site after closure. A provision for ll site after closure. A provision fi ll post-closure costs ll post-closure ll, has a legal obligation under the ll, has a legal ll asset are depreciated over their are depreciated over ll asset fi fi fi ow of economic bene fl ects current market assessments of the ects current market fl
assessments of the time value of money assessments of the time value and, where appropriate, the risks speci the liability. of money and the risks speci time value to the Council. of which can be reliably estimated, will be of which can be reliably estimated, the effect required to settle the obligation. If are determined by is material, provisions discounting the expected future cash at a pre-tax rate that re at a pre-tax rate Interest-bearing Borrowings Borrowings are initially recognised at their After initial recognition, all fair value. The provision is measured based on the The provision of future cash present value for land Amounts provided post-closure costs is recognised as a liability costs is recognised post-closure arises. when the obligation for post-closure to be incurred, taking into account future including new legal requirements events in technology. and known improvements includes all costs associated The provision with land are capitalised to the land rise to future economic bene they give Land of the District The Council, as operator land ongoing resource consent to provide at maintenance and monitoring services the land be obtained. Components of the capitalised land useful lives. that used is a pre-tax rate The discount rate re Provisions is recognised in the balance A provision has a present legal sheet when the group obligation as a result of or constructive and it is probable that an a past event, out Liabilities for annual leave are accrued on are accrued on for annual leave Liabilities using current entitlement basis, an actual of pay. rates short-term for accumulating Liabilities (for example, sick compensated absences of are measured as the amount leave) accumulated at balance unused entitlement anticipates employees date that the Council of the periods in excess will use in future be entitled to in each of that they will days those periods.
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 104 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 107
3
34
Actual
20,021 11,205
4
35 95 95
(500) (488)
110
2007 $000 2007 2006 $000 $000
(512) 1,393 4,033 1,350 4,956 1,341 4,035 1,205 3,733 4,881 4,100 1,090 1,080
21,724 21,632 21,632 21,724 12,543 12,798 34,010 33,675 30,738
Less rates remissions Less rates Total rates revenue Whakamaru Fire Protection 3 2 Rates Revenue - Council only internal rates) (excluding rates General Total targeted rates targeted rates Total Actual Estimate General rates rates General Targeted rates attributable to activities: Protection Lake 21,212 21,132 19,533 Taupo Town Centre Town Taupo
Water Supply Water Disposal Sewage Disposal Refuse Development Marketing Mainstreet Rate Mainstreet Security Rate 906 897 35 657 157 156 162 NOTES TO THE TO NOTES FINANCIAL STATEMENTS 30 June 2007 ended for the year (1,743) (929) 51,674 28,344 52,649 28,757
23,330 23,892
35,039
34,702 34,967 34,547
ect the total external operations for the Council in the for the Council external operations ect the total fl
35,468 58,625 23,157 22,424 35,349 53,417 18,068 Revenue Revenue Expenses Net Net Revenue Expenses Net $000 $000 $000 $000 $000 $000 $000 cant activity is stated gross of internal costs and revenues, and includes targeted cant activity is stated gross of internal costs and revenues, fi Services Each signi (refer note 2). In order to fairly re rates income statement, these transactions are eliminated as shown above, except for the revenue for the revenue except are eliminated as shown above, income statement, these transactions from internal (refer note 2), and the revenue rates eliminated against general from internal rates interest eliminated from the interest item in note 3. INTERNAL TRANSACTIONS INTERNAL TRANSACTIONS Activity revenues and Activity revenues 1 Summary Cost of
included rates Targeted in note 2 Internal transactions (620) (1,873) (1,253) - (814) (12,798) - 12,798 12,543 (11,205) - 11,205 Managing Growth Strong Communities Sustainable Environment Development Economic 10,740 14,315 14,067 and Marketing 8,079 3,575 31,626 1,511 3,189 (6,568) and Good Governance 17,559 (1,034) 11,631 12,672 7,742 12,609 13,618 Alliances Strategic 1,417 29,068 978 (6,325) Other 15,450 expenses 1,738 2,722 5 984 6,121 930 6,116 1,380 5,624 2,381 1 5,934 1,001 5,933 839 2,330 1,491 1,043 977 2,008 1,031 Airport Taupo Data Capture Systems Limited Total Group 382 568 186 72 546 828 282 22,432 - 56,979 (341) (341) - 16 147 131
for the year ended 30 June 2007 ended for the year Actual Actual Actual 2007 Estimate 2007 Actual 2007 Actual 2007 Actual 2006 2006 2006 Total Council 22,050 56,752 NOTES TO THE TO NOTES FINANCIAL STATEMENTS
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 106 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 109 2006 $000
4,377
Actual
Council
97 145
393 292 457 602
2007 $000
3,176 1,269 2,494 679 5,227 Actual
Council
xed assets. xed fi
lled conditions or other contingencies attached to any recognised attached to any lled conditions or other contingencies fi Total vested assets assets vested Total The vested assets comprise: Roads
Wastewater Water government grants. government NOTES TO THE TO NOTES FINANCIAL STATEMENTS 30 June 2007 ended for the year VESTED ASSETS SUBDIVISIONAL GRANTS GOVERNMENT There are no unful
The Council has vested to it certain infrastructural assets and land as part of the subdivisional assets and land as infrastructural to it certain vested The Council has assets as other income in its of these vested value process. Council recognises the approval increase in with an equivalent Performance Statement of Financial Stormwater - land Reserves
94 63 20 47
364
379
Group Actual
873 3,947 873 (61) (53) (82) 3,707
2007 2006
2,409 2,087 Group Group Actual
22,432 23,892
- 131 141 - 29 -
(53) (53)
2006 2006 $000 $000 $000
3,707 3,707 2,087 5,250 6,182 2,178 5,671 2,164 2,178 7,366 7,189 6,023 7,366 3,834 6,023
3,853 8,727 11,271 8,727
23,330
277 379 366 345 364 329 350 307 46 307
$000 $000 2007 2007 48 47 128
1,967 1,967
19 - - 19 -
(61) - (82) 2,031 698 2,031
5,931 5,621 5,651 4,103 3,659 5,638 3,659 $000 2,409 2,853 2007
Actual Estimate Actual
Council Council Council Council Council
11,284 4,798 4,798 11,284 22,050 17,751 22,050 17,751
cant activities cant cant activities fi fi
nes 366 fi
NON-RATEABLE PROPERTIES NON-RATEABLE Act 2002 certain properties cannot be rated (Rating) In accordance with the Local Government These public gardens and reserves. places of worship, This includes schools, rates. for general in respect of water rates be subject to targeted properties, where applicable, may non-rateable disposal and refuse disposal. sewage supply, RATES REMISSIONS RATES Under Council’s remissions policies, remissions are allowed for Lake Taupo lakebed and lakeshore and lakeshore lakebed Taupo remissions are allowed for Lake remissions policies, Under Council’s unoccupied non-income producing, sporting, and other organisations; community, reserve; and penalties in certain state; and in undeveloped Maori freehold land in multiple ownership discretion. circumstances and at Council’s Other gains/(losses) Other revenue
Realised gain/(loss) on managed equities Realised not hedge Unrealised gain on derivatives accounted 182 - 63 182 Other revenue
Revenue from signi Land Transport NZ - Roading subsidy NZ - Roading Land Transport Changes in value of term deposit investments investments of term deposit Changes in value Other gains/(losses) assets (note 12) of forestry Changes in fair value 640 - properties of investment Changes in fair value 136 (note 14) 640 136 - - - 175 Petrol Tax Tax Petrol 329
Other subsidies Interest income 128 29 -
Gains on disposal of property, plant & equipment Gains on disposal of property, 3 Revenue by nature Vested assets Vested Other income 5,227 - 46 4,377 5,227 4,377 User Charges Infringements and plant & equipment Gains on disposal of property, 7,189 2,043 Interest income Dividend income 31 - 20 31 Regulatory Income Regulatory properties from investment income Rental - - contributions Financial or development Revenue from signi 3,834 4,942 2,164
for the year ended 30 June 2007 ended for the year NOTES TO THE TO NOTES FINANCIAL STATEMENTS
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 108 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 111 - -
(49) (49) (49) (49)
1,005
Actual
16
956 956
2007 2006 $000 $000
- (28) 12 - - - (36) - - - (36) - (36) - (36) - 936 956
2006 2006 $000
- 2007 2007 $000
14,431 14,974 14,748 14,655 14,431 14,974 14,748
Council Council Group Group
t fi
Data Capture Systems Limited, a subsidiary of Council, has unrecognised tax losses as at 31 March Limited, a subsidiary of Council, Data Capture Systems (2006 $79,063). The tax effect of these losses is $57,405 2007 of $191,351 to carry forward Information losses originated from the activity of Taupo (2006 $26,091). The carried forward in and have Limited, later being renamed Data Capture Systems Centre Limited, that company from various tax liability on coupon interest received the past been applied to meet Council’s bonds. CCTO Taxation expense / (credit) - Taxation expense - Deferred tax closing balance
losses not recognised Tax - 37 - 37 calculated @ 33% Tax Less tax effect of: Non taxable income Deferred tax adjustment 4,762 4,941 4,867 - 4,836 (4,762) (4,978) (4,875) (4,934)
NOTES TO THE TO NOTES FINANCIAL STATEMENTS 30 June 2007 ended for the year Charged to equity -
Deferred taxation Actual Charged to income Actual Actual - - 5 Taxation and Relationship between tax expense accounting pro surplus before taxation Operating
taxation Current year - Current tax expense Tax Deferred Opening Balance -
-
4
201
Group Actual
10,640
- - 8
41 36 38 417
(4) 500
352 326 247
3,224 2,936 3,224 1,814 673 Group Actual
3,254 2,967 3,254
16,275 15,223
31 30 31 85 98 97
326 673 216 108 177 545 276 381 185 421 201
2,884 Actual
- 8
30 90 41 36 55 58 55 58
(7) 42
352 352 - 108 264 247
3,200 1,814 Actual
3,230 2,915 3,230 56,752 51,674 56,979 52,649
Council Council Council Council t liabilities fi
$000 $000 $000 $000
t expenses 16,136 15,084 t expenses t
fi fi
Audit fees Other expenses Employee bene SEVERANCE PAYMENTS Depreciation and Amortisation
4 Operating Expenditure
Audit fees paid to Audit NZ for Council and Group entity audits In 2006/07 there were no severance payments (2006 One employee, $8,000). (2006 One employee, payments In 2006/07 there were no severance Impairment of investments Other costs Other expenses Other Total Operating Expenses 26,165 23,138 26,129 23,819 23,137 21,198 23,425 21,407
costs Finance Interest on borrowings
Finance costs Finance Audit fees paid to Audit NZ for audit of NZ IFRS transition Audit fees paid to Audit NZ for audit of the LTCCP and amendments 24) (note Councillor remuneration 4 46 10 4 - 46 10 - schemes Contribution to superannuation assets Finance charges on leased Donations
plant and equipment Loss on disposal of property, Directors fees - - 5 Salaries and wages wages and Salaries bene Increases/(decreases) in employee (see below) payments Severance 16,039 14,597 16,182 14,740 Employee bene Employee Depreciation (see note 11) Amortisation (see note 13) 10,974 10,336 11,074 10,439 (note 24) Community Board remuneration leases under operating Minimum lease payments (note 8) Impairment of accounts receivable 11,221 10,537 11,321 Depreciation and Amortisation 2007 2006 2007 2006
for the year ended 30 June 2007 ended for the year NOTES TO THE TO NOTES FINANCIAL STATEMENTS
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 110 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 113 21 34
125 146 137 140 338 394 286
Group Actual 9,203 9,203
11,466
281
$000 $000
7,066 7,509 7,066 1,537 1,513 1,537
3 140 3
286 136,145
Actual Actual 9,536 7,066 9,536 7,066
10,128 3,967 10,128
Council Group
-
Actual Actual 4,080 11,431 4,112 7,420 7,420
- -
ow Hedge Reserves ow Hedge Reserves 783 140 783 fl
months or less approximates deposits with maturity dates of three of short-term The carrying value is 7.32% for cash and cash equivalents interest rate effective The weighted average their fair value. (2006 7.12%). Total Revaluation Reserves 135,426 Total Revaluation Reserves Made up of: Total Minority Interest Total cash and cash equivalents Fair Value through Equity Reserve
in Shares Closing balance - Investments 173 146 173 8 Trade and Other Receivables Receivable Rates Debtors General (Note 21) Receivables Party Related Accruals Prepayments Gross Receivables for Doubtful Debts Less Provision 203 241 - - 278 1,594 394 1,467 4,938 6,957 1,594 1,467 4,984 6,896 7,698 233 9,930 730 19 7,347 1,246 241 9,597 528 1,200 7 Cash and Cash Equivalents Cash at bank and in hand 113 303 145 Change in asset value Cash Flow Hedge Reserves Opening balance Closing balance - Cash 27 21 27 140 Call deposits 3,967 Total Net Trade and Other Receivables Change in asset value 643 137 643 NOTES TO THE TO NOTES FINANCIAL STATEMENTS 30 June 2007 ended for the year Council Current 7,420 7,842 Interest Minority Opening balance value change in asset reserve Share of revaluation Share of surplus - - 18 - Short term deposits of less than 3 months - - 1,000 - - - 1,000 1,513 1,581 - 6 (68)
Investments in Shares Opening balance 146 125 146 2007 $000 2006 $000 2007 2006 Non-current Total Net Trade and Other Receivables - 1,694 - 1,694 Group Actual
792,573
23 15
730 - 456 - 266 243
$000 $000
Group Actual
798,451 135,189 - 135,189 - 135,223 -
(24,286) (19,164)
- (18) - - 29,655 - - 7,829 ------(16) - - - 71,432 - - - 25,087 - - -
2006 2007 2006 $000
1,328 1,453 1,328
81,384 90,263 28,043 81,384 36,186 28,043 22,156 25,076 22,156 57,559 56,545 57,559 Council 14,974 14,778 14,772 19,164 24,286 19,164
- - -
23 15
456 730 243 228 243 228 266 243
1,453 7,810 3,293 2,457 3,293 2,457 Actual Actual
Council
(24,286) (19,164) (24,286) (36,186) (28,043) (36,186) (28,043) (36,186)
810,706 805,169 813,229 807,345
cit) attributable to Council 14,431 fi
$000
Accumulated Funds Total Council Created Reserves Total Council Created Reserves 102,163 90,263 102,163 90,263 Total Accumulated Funds 798,783 796,275 801,306 798,451 Property, Plant & Equipment Revaluation Reserves made up as follows: Land under roads 71,432 less tax on equity items TEL Fund 56,545 2007 are sinking funds These restricted reserves of loans. put aside for the repayment Reserves Revaluation Property, Plant and Equipment Opening balance Reserves Land Operational 28,955 25,087 up Council Created Reserves are made as follows: Other special purpose Total Council Created Reserves Restricted Reserves Opening balance Total Restricted Reserves 102,163 90,263 102,163 90,263 15,796 6,763 15,796 6,763 Depreciation reserves 25,076 Plant & Equipment Closing balance - Property, 134,470 buildings Infrastructural Other restricted land buildings Operational Plant and Equipment Closing balance - Property, 134,470 funds from accumulated Transfer funds to accumulated Transfer contributions Development 36,186 Disaster recovery Change in asset value in change less minority interest share in asset value 134,470 Transfers from reserves: Council created reserves Transfers to reserves: reserves Restricted Council created reserves 24,286 (23) (15) (23) (15) Opening balance 796,275 790,195 for the year ended 30 June 2007 ended for the year Council Created Reserves Opening balance 90,263 NOTES TO THE TO NOTES FINANCIAL STATEMENTS
from (to) Accumulated Funds Transfer 6 Equity Net Surplus/(De Net
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 112 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 115 - - - -
$000 2006 $000 2007
2006 $000
3,816 3,816
Actual Actual Actual Actual Actual
37 205
216 -
Actual Actual Actual
2006 2007
Actual Actual Actual 49
Actual
ed for this purpose. The land is only shown in fi Council Council Group Group Actual Actual Actual
27,680 16,334 11,248 3,004 10,989 14,183 4,006 776 16,673 11,014 $000 $000 $000 nancial year. fi <6 mths 6-12 mths 1-2 yrs 2-5 yrs >5 yrs
this category if it has been approved by Council for sale, the land is being actively marketed, and marketed, by Council for sale, the land is being actively this category if it has been approved it is expected to sell within the next OTHER SHARES IN COMPANIES OTHER SUBSIDIARIES Council holds the following equity investments: of $2.78 (2006 $2.51) Ltd 83,971 shares at fair value Corporation Insurance NZ Local Government of $4.85 (2006 $4.10) each. Local each. King Country Energy Limited 6,129 shares at fair value $1000). Authority Shared Services Ltd 1 ordinary capital share of $1,000 (2006 The Crown Airport Authority Joint Venture. of the Taupo District Council has 50% ownership Taupo Airport Authority balance date is 30 June. Taupo is the owner of the other 50%. The Limited. The of the subsidiary Data Capture Systems District Council has 100% ownership Taupo Council owns 150 shares in Data Capture Limited balance date is 30 June. Data Capture Systems Limited (2006 100 shares). Systems Limited. Taupo Council also owns 100 shares in Destination Lake projects. Council has a The non-current assets held for sale are commercial land subdivision amount of land that has been identi considerable Maturities - Council and Group Maturities - Council Total Non-Current Assets Held for Sale 426 3,816 426 deposits Term deposits Term 26,700 15,541 5,624 - 11,175 4,006 - $000 $000 8,050 $000 <6 mths 6-12 mths $000 1-2 yrs 2-5 yrs >5 yrs 2007 $000 $000 $000 $000 bonds & corporate Local government Sinking Funds 980 744 5,408 3,004 10,989 bonds & corporate Local government Sinking Funds - 3,008 - 739 8,418 11,014 - - Actual
NOTES TO THE TO NOTES FINANCIAL STATEMENTS 30 June 2007 ended for the year 2006 2006 2006 2006 10 Non-Current Assets Held for Sale Land 426 3,816 426 2007 2007 2007 2007
cant fi Group Actual Group Actual
- 18,730 -
49 -
Group Actual Group Actual
236 263 236
Actual Actual
7.43% 6.99% 7.94% 6.03% 7.43% 7.09% 6.99% 7.36% 6.03%
- 18,730 4 - - -
49 -
216 242 216 242
Actual Actual Actual Actual
19,401 20,171 19,401 20,171 Council Council Council Council Council Council
$000 $000 $000 $000
2007 2006 2007 2006
concentration of credit risk with respect to receivables outside the group as the group has a large outside the group as the group has risk with respect to receivables of credit concentration been assessed have receivables all overdue As of 30 June 2007 and 2006, number of customers. applied. The non-current debtors are due to delayed for impairment and appropriate provisions Heights subdivision section sales. ‘builders terms’ settlements on Botanical The carrying amount of these receivables approximates their fair value. There is no signi There is no their fair value. approximates of these receivables The carrying amount 9 Other Financial Assets deposits Term Other shares in companies 263 5,624 8,050 5,624 8,050 Fair value through equity deposits Term Total Current Investments Non-Current 44,014 18,189 44,014 18,189 42,241 15,181 42,241 15,181 Fair value through equity Held to maturity bonds and corporate Local government Subsidiaries and Associates at Cost Ltd Data Capture Systems bonds and corporate Local government Sinking Funds 7.09% 7.36% Interest Rates Weighted Average Effective Interest Rates are: deposits Term 7.94% 2007 2006 2007 2006 Airport Authority Joint Venture Taupo Total Non-Current Investments with National Provident Sinking funds are invested of Fund and are to used for the repayment debt. public 1,596 1,596 - 27,104 - 49,025 25,504 47,429 bonds and corporate Local government Sinking funds 1,724 3,008 1,724 3,008 Held to maturity Current for the year ended 30 June 2007 ended for the year NOTES TO THE TO NOTES FINANCIAL STATEMENTS
statement Fair Value through the income Managed Equity Investments
Sinking funds
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 114 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 117 - -
19 19
293
$000 2006
2,738 2,600
- - - - 3
783 5,672
21,324 849,883
- -
68 49
302 9 115 96
3,367 629 6,455
2,600
871,207
- -
16 19 21 3
Value Amortisation Value Valuation Value
6,347
Net Book Cost or Accum Depn/ Accum or Cost Net Book Net Book
1,002,429
- 3,300 - - 337 - -
51
712 2,654 102 865
- -
21
337 118
2007 2007 2006 2006 2007 $000 $000 $000 $000 $000
3,366 3,300 7,212
nance leases. Cost or Accum Depn/ fi
Valuation Valuation Amortisation
ce equip. ce equip. 70 fi ned capacity in future years. fi These assets are subject to IMPAIRMENT plant and equipment. required for property, There were no impairment provisions INFRASTRUCTURAL ASSETS in accordance with Asset Management Plans. These plans assets Council manages infrastructural of the extent, condition and capacity of service required, the current physical detail the level cost of work required to maintain and restore the network’s network and the timing, extent and de RESTRICTED ASSETS assets cannot be disposed of because of legal or other restrictions. Restricted EQUIPMENT COMPUTERS AND FITNESS Total Group 1,031,391 Total Group 1,031,391 28,962
Machinery, vehicles & plant vehicles Machinery, Taupo Airport
Land at cost Buildings at cost Airport Assets Taupo
Airport Infrastructure Land at Valuation Buildings at Valuation Furniture & Of
NOTES TO THE TO NOTES FINANCIAL STATEMENTS 30 June 2007 ended for the year Items under construction
-
-
471
4,182 1,981 1,148 5,283 1,100 3,727 7,589 1,324
35,164 91,481 51,335 39,430 35,131 40,630
616,934 135,796 243,417 237,008
------
553 147
1,511 1,511 1,193 2,608 595 1,204 8,110 1,296 4,188 4,037 3,502
4 134,696
4 12,427 ------
769 298 769
- - -
2,352 2,352 5,283 3,203 3,203 1,324 1,981 1,100 1,100 7,915 4,329 4,329
35,684 35,684 52,846 52,846 40,623 35,164 35,164 41,926 11,626
237,008 237,008
864,752 20,541 844,211
655 369
4,676 3,017
160,209 160,209 162,251 135,800
996,082
- - - 212 - - 62,508 - 50,832 - 1,830 - - 134,700 ------308,440 - 13,343
1,110 35,169 1,496 861 3,383 52,702 2,213 39,606
6,998 248,079 246,919 4,944 8,653 2,576 4,842 3,596
12,897 130,955 103,908
13,597 62,508 50,832 56,085 41,819 36,279 13,343
$000 $000 $000 $000 $000 $000 $000 160,209 718,076 15,200 702,876 625,044 143,852 162,251 255,077 308,440
Cost or Accum Depn/ Cost or Accum Depn/ Net Book Cost or Net Book 1,024,179 28,097
2007 2007 2007 2006 2006 2006
tness fi
ce equipment fi Restricted Assets At Cost Infrastructural Assets At Cost and Equipment and Equipment Furniture and of books Library and Computers 3,231 equipment (leased) 904 535 Assets Operational Valuation At Land vehicles Machinery, and plant 8,438 Land under roads Buildings Infrastructural - - Buildings Infrastructural 4,676 Heritage assets - 1,325 1,325 Other Cost At Reserves Assets Council Restricted 1,830 - Buildings Land - Items under construction 3,017 - Assets
for the year ended 30 June 2007 ended for the year NOTES TO THE TO NOTES FINANCIAL STATEMENTS Other - 11 Property, Plant Valuation Amortisation Amortisation Value Valuation Value
network Roading Wastewater Items under construction Council Infrastructural Items under construction 212 Buildings - Council Operational Assets Total Council Water Stormwater Solid Waste 2,357 At Valuation At Reserves Land under roads At Valuation At
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 116 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 119 19 19
595 471 293
3,727 7,589 1,324 2,738 2,600 5,672
844,211
(9) (8) (1) (1) 134,696 135,796 (1) (1)
(1,520) (1,178) 51,335 616,934 39,430 (7,123) (1,348) 40,630 (3,212) 91,481
(19) (209)
(418) (3,505) 243,417 (472) (147) (147) (131) (120) (652)
(1,675) (1,675) (1,398) - 35,164
Disposals Expense Value
3 - - 3
19 - (85) 10 18 - - 50 - (103)
Depreciation Net Book
(2,486) - - 1,981 (2,795) - - 5,283
2
17 43 1,284 (3) -
614 166 - (185)
Value Value Additions
1/7/05 2006 2006 2006 30/6/06 34,291 1,385 - (545) 35,131
240,656 6,684 237,008 - - - 237,008 133,731 1,113 134,831 1,113
Net Book
ce equipment 6,191 2,220 (4) (818) ce equipment tness fi fi
fi $000 $000 $000 $000 $000 Total Council 831,932 24,909 (2,294) (10,336) Movements for the year Total Group 837,657 24,959 (2,294) (10,439) 849,883 Water Stormwater Assets Restricted Reserves 37,077 3,559 (28) plant and vehicles Machinery, 3,821 678
Other Assets Council Restricted Assets Operational Land 1,100 - - - 31,667 4,895 1,100 Airport Taupo Airport Infrastructure 2,804
Furniture and of books Library and Computers equipment (leased) 446 253 Land Buildings 302 2,600 - - - - - NOTES TO THE TO NOTES FINANCIAL STATEMENTS 30 June 2007 ended for the year Buildings 42,077 32 Furniture and of Items under construction Airport Assets Taupo - 5,725 Assets Council Operational 89,326 7,042 Assets Council Infrastructural 607,775 16,754 2005/06 Assets Infrastructural network Roading Land under roads Solid Waste Items under construction 8,078 1,376 - - (228) 1,148 Heritage assets Items under construction 4,467 plant and vehicles Machinery, buildings Infrastructural Wastewater 4,329 - - (147) 4,182 44,960 7,921 (26) 16 19 21
655 369 337 212
2,654 3,300
30/6/07
53
753 6,347 730 1,830 700 456 4,676
2007 $000 $000
- 71,432 308,440
(9) (5) - (2) -
(862) - 3,596
(7,396) 71,888 702,876 (1,246) 7,810 50,832 (1,031) - 8,653 (3,499) - 248,079 (1,983) - (1,023) 52,702 - 39,606
Expense Increment Value
------(100) ------(196) - - - - 1,325 - (242) - - - 3,017 - - (84) - - - - (41) - - (292) - - 861 - 13,343
(92) (1) 25,087 160,209 (92) (1) 25,817 162,251 (88) (15) (28) (558) - 35,169
- - - - -
519 212 731 475 (2,086) - 28,955 819 62,508 256 140 624
2007 2007 $000 2007 $000 $000 4,881 (1,243) 2,100 (5) 1,036 9,708 (3,422) (3,577) 36,765 130,955 8,494 (333) 3,508 (158) 1,214 8,060
21,984 (534)
-
19 2 19 2
293 595 471
$000 Value Value Additions Disposals 5,672 22 2,738 2,600 1,324 1 1,981 1,148 5 5,283 1,100 4,182 79
91,481
Net Book Depreciation Revaluation Net Book
1/7/06
ce ce tness fi fi
fi
year 2006/07
Total Group 849,883 32,445 (4,048) (11,074) 135,223 1,002,429 Total Council 844,211 Total 32,423 (4,048) (10,974) 134,470 996,082 Infrastructural Assets Restricted Assets
Heritage assets Items under construction vehicles Machinery, and plant Assets Council Restricted 135,796
Movements for the Movements for Furniture and of equipment (leased) and plant equipment 3,727 7,589 Other Assets Operational Land 35,164 Airport Taupo Airport Infrastructure
for the year ended 30 June 2007 ended for the year network Roading 243,417 Solid Waste NOTES TO THE TO NOTES FINANCIAL STATEMENTS
Items under construction Wastewater 51,335 Land Buildings Buildings 40,630 Computers and Computers Council Operational Assets Items under construction Council Infrastructural Assets 616,934 Furniture and of equipment Items under construction 3 Airport Assets Taupo 18 Reserves 134,696 vehicles Machinery, books Library Land under roads buildings Infrastructural Water 237,008 Stormwater 35,131 39,430
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 118 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 121
777
2006 $000
3,090 2,683 254 1,252 1,634 1,887 1,619
1,491 2,313
$000 $000 2007 2006
1,488 1,488 1,969 2,313 1,800 1,491 1,397 1,491 4,783 1,118 1,344 920 1,264
2,351 1,666
- - - - 175 94
26 20 26
867 867
1,618 1,618 1,876
Actual Actual Actual 2,297 2,351 2,313 2,297 2,297 2,351 2,313
- - -
30 30 30 30 30 53 30 53 20 20 29 2 24 18 29 5 24
545 777 545 284 254 288
1,957 1,957 2,297 1,800 1,614 Actual
$000 $000 $000
$000 $000 t Liabilities 2,339 t Liabilities 2,339 fi fi t Liabilities t fi t Liabilities at 30 June 2,339 fi
15 Trade and Other Payables Total Employee Bene Employee Bene Total Employee Bene Trade and Other Payables 7,854 7,783 7,910 7,866
Made up of: 16 Employee Bene Current at 30 June Investment Properties 2007 2006 2007 Accrued pay Income in Advance 1,264 1,099
Deposits/Bonds/Provisions Accrued expenses 452 2,683 452 1,344 Annual leave & long service leave gratuities Retirement Non-current made during the year Additional provisions year Amounts used during the Discount unwinding 1,480 1,236 (1,788) (1,246) 382 (1,792) 679 (1,246) 382 679 Councillors’ fees payable terms, therefore the settled on 30-day are non-interest bearing and are normally Accounts payable their fair value. approximates of accounts payables carrying values Council Council Group Group NOTES TO THE TO NOTES FINANCIAL STATEMENTS 30 June 2007 ended for the year Creditors Council Actual Council 2007 Actual Group 2006 Actual Group Actual 4,725 3,082 Balance Opening Opening Balance on valuation gains/(losses) value Fair Interest payable Amounts due to related parties (Note 21) Sick leave 14 Investment Properties 14 Investment 135 971 182 136
(66) (69)
2006 2006
$000 (437) $000
69 150 515 534 150
3,801 3,665
Group Group Group Group Actual Actual - -
-
- 193 -
971 1,151 136 640
2006 $000 2007 $000
Actual Actual Actual Actual Actual
cantly in the forseeable future,cantly in the - - - Council fi
515 534 150 182
2007 2006 2007 Actual Actual
- - -
$000 ows. fl
$000 $000 $000 nancial risks arising from changes in timber prices. As Council is a long-term nancial risks arising from changes in fi - - - -
r present in Rangitaiki forest. The total net stocked area of the estate is estimated to be forest. The total net stocked in Rangitaiki r present fi
forests and two larger forests (Rangitaiki small of relatively The forest estate comprises a number with an area of semi-mature pine The main species is radiata basin. & Tirohanga) in the Taupo Douglas (2006 Nil). place this year has taken 1,058 hectares. No harvesting the forestry assets as at valued have Limited Keating Chandler Fraser Independent valuers, used in discounting the of 11% (2006 11%) has been rate 30 June 2007. A pre tax discount of expected cash present value FINANCIAL RISK MANAGEMENT STRATEGIES FINANCIAL RISK MANAGEMENT STRATEGIES Council is exposed to does not expect timber prices to decline signi and forestry investor the risk of a decline in timber prices. measures to manage any it has not taken Development Expenditure Movements Movements Software Opening carrying amounts Closing balance - Intangible assets 418 515 418 515 Biological assets at 30 June 4,634 3,801 4,634 3,801 Less Accumulated Amortisation Opening carrying amounts Cost Less Accumulated Amortisation Amortisation Closing carrying amounts - Software (636) (437) 418 (636) 515 418 515 (247) (201) (247) (201)
13 Intangible Assets Actual 12 Biological Assets - Forestry 12 Biological Assets Capitalisation of forestry costs 193
off during the year Write - - - Opening carrying amounts Closing carrying amounts - Development Expenditure
Council Council
Purchases Council for the year ended 30 June 2007 ended for the year NOTES TO THE TO NOTES FINANCIAL STATEMENTS Opening carrying amounts Cost 1,151 Opening Balance 3,801 3,665 2007 Gains/(losses) arising from changes in fair value 640
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 120 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 123 220 236 456 283
Group Actual
3
2007 $000 2006 $000
41,943 43,871 44,154 41,943 42,140
42,369 44,610 42,369
xed rate cover on the cover rate xed fi nancial policies, which nancial fi 3
236 239 226 229
43,846
ve-year evergreen facility which renews evergreen ve-year 229 fi Actual Actual Actual
41,832 Council Council Group 42,061 44,085
rst is a two-year evergreen facility which renews which facility evergreen rst is a two-year fi xed interest rates is $1,537,023 (2006 $1,453,599). is $1,537,023 (2006 interest rates xed fi $000 $000 ve ve year maturity. fi
oating rate debt is secured bank funding issued under a committed loan facility. The bank funding issued under a committed loan facility. debt is secured oating rate fl
annually to a to provide swaps of interest rate Council has entered into $36.5 million to note 19 for further details. Refer committed loan facility. Council manages its borrowing in accordance with its funding and This policy has been adopted as part of the Council’s Management Policy. includes a Treasury 2006-2016. Council Community Plan Long Term interest rate reprices quarterly at the 90-day bank bill rate plus margin. The $80 million facility bank bill rate reprices quarterly at the 90-day interest rate of $40 million each, the has two tranches a term; the second is annually for a further two year SECURITY of the District or Council assets. The committed loan facility the rates All loans are secured over Limited. Lease of the ANZ Banking Group (New Zealand) is secured by deed of charge in favour to the lessor in the event secured as the rights to the leased asset revert liabilities are effectively of default. debt subject to of Council’s The value Council’s Total Borrowings Non-current 18 Borrowings Loans Lease Liabilities 197 283 197 41,635 43,563
NOTES TO THE TO NOTES FINANCIAL STATEMENTS 30 June 2007 ended for the year 2007 2006 Current Loans 3 Lease Liabilities 226 2006 $000
30 32 30
2006 $000 2007 $000
Council Group Group
2 2 2 2
30 28 30 28 32
Actual Actual Actual Actual
nal cover and vegetation nal cover fi and monitoring of leachate Treatment and surface monitoring Ground water Gas monitoring and recovery of remedial measures Implementation systems, Ongoing site maintenance for drainage • • • • • ll after the site is closed. uence the timing of recognition of some liabilities, for fi fl ll fi ll will in fi ll post-closure are expected to occur between 2030 and 2035. The ll post-closure fi ll consists of a series of new cells being progressively opened as old ll consists of a series of new cells being progressively fi $000 ows for land fl ll. The Council has responsibility under the resource consent to provide ongoing has responsibility under the resource consent to provide ll. The Council fi ll aftercare provision. fi ll liability 32 30 32 30 fi Facilities for water quality monitoring for water Facilities for monitoring and recovery Facilities and control systems needed for cover Final application and vegetation Final application and vegetation control features Drainage for leachate collection and Facilities
CAPACITY OF THE SITE SITE THE OF CAPACITY 600,000 cubic The estimated remaining capacity of the site as at 30 June 2007 is approximately as at 30 June 2007 is 23 metres (2006 595,000 cubic metres). The estimated remaining life (2006 24 years). years engineers based on been made by Council’s Estimates of the remaining capacity and life have Management Strategy. information and early results from the new Solid Waste historical volume The cash out • • maintenance and monitoring of the land maintenance and monitoring of the responsibilities such as the following: There are closure and post-closure Closure responsibilities: • • • responsibilities: Post-closure the Broadlands consent in September 1998 to operate District Council gained a resource Taupo Land Road of gas monitoring The management of the land example, the current land ones are completed. Each of these require additional capital expenditure and the recalculation of ones are completed. Each of these require additional capital expenditure the land long term nature of the liability means that there are inherent uncertainities in estimating costs long term nature of the liability means that there are inherent uncertainities into account existing technology has been estimated taking that will be incurred. The provision of 7.75%. and is discounted using a discount rate Opening balance Provisions at 30 June 17 Provisions for land Council has made provision liability. after-care Land 2007 during the year made Additional provisions Council for the year ended 30 June 2007 ended for the year NOTES TO THE TO NOTES FINANCIAL STATEMENTS
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 122 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 125 53
278 (71)
(136) (685) 3,566
Actual
(4,377) (3,707) (2,697) (2,420) (6,693) 10,717
61 84
(640) (182) (63)
(5,227) (5,394) (1,667) (1,309) (3,883) (1,667) (8,300)
53
(647) (136)
Actual Actual
(4,377) (4,377) (3,707) - (2,980) 2,137 (2,672) 2,178
61
(640)
Actual Actual
14,431 14,974 14,784 11,221 14,704 10,537 11,321 10,640 Council Council Group Group
(5,394) (6,693) (5,394) (6,693) (1,269) (1,667) (8,330) (3,774) 3,566 (5,227) (3,141) - (3,141) -
2007 2006 2007 2006
$000 $000 $000 $000
cit fi
ows 10,733 10,835 10,679 fl ed as investing activity: fi cit) fi Activities ow from Operating fl 21 Related Party Transactions Taupo District Council has a number of group and associated entities. Taupo occurred: During 2006/07 the following related party transactions the relationship) Taupo Airport Authority (see Note 9 for details of the nature of $201,500 (2006 30 June 2007 was by the Council to the Airport at The balance of a loan provided on these borrowings. $141,500). The airport paid interest of $12,783 (2006 $7,580) to Council and management fees of $21,458 (2006 $35,361). The Airport paid the Council administration to Council as at 30 June 2007 of $202,622 (2006 $186,349). The Airport has accounts payable 20 Reconciliation of Net Surplus to Net Cash 20 Reconciliation In Per statement of cash of term Unrealised (gains)/ losses in fair value deposits debtors for capital Increase / (decrease) in revenue of Unrealised (gains)/ losses in fair value properties investment Unrealised (Gain)/Loss on equities - - - (175) (94) Share of associate (surplus)/de Net surplus (de
NOTES TO THE TO NOTES FINANCIAL STATEMENTS 30 June 2007 ended for the year Add (less) Non Cash Items: Depreciation and amortisation Assets Vested creditors for capital Decrease / (increase) in expenditure Impairment of investments of Unrealised (gains)/ losses in fair value biological assets 352 - - Add (less) Movements in Working Capital: - (Increase) / decrease in accounts receivable (Increase) / decrease in inventories accounts payable Increase / (decrease) in 2,116 Add (less) item classi / write-offs Net (Gain) Loss on sale 115 in accounts receivable movement Non-operating 309 (43) (1) - (43) - (1) 70 2,444 2,307 2,017 2,316 of Unrealised (gains)/ losses in fair value non-hedge accounted derivatives (182) (63)
2,188 Group Actual
(61) (72)
2007 2006
Actual Actual
229 239 229 456
(61) (72)
2007 $000 2006 $000 $000 $000
Council Council Group 40,255 40,184 40,255 40,184
42,061 44,085 42,369 44,610
ow hedge interest rate swaps vary from vary swaps ow hedge interest rate fl
ve years years ve 1,577 3,651 1,885 3,959 ve years years ve 70 118 70 118 fi fi
ow hedges 137 ow hedges 18 137 18 902 197 902 197 fl fl
xed interest rates of cash interest rates xed fi
ve years years ve - 11 - 11 fi $36,500,000 (2006 $39,000,000). Total Borrowings Repayment terms Interest Rates average weighted Overall 7.32% 7.31% 7.32% 7.31% Current asset portion Total current portion Total non-current portion 137 18 137 902 18 197 902 197 Analysis of Finance Lease Liabilities 19 Derivative Financial Instruments not later than Later than two, than Later
two years Later than one, not later than no later than one year Payable
for the year ended 30 June 2007 ended for the year NOTES TO THE TO NOTES FINANCIAL STATEMENTS
on interest rates effective average Weighted borrowings (both current & non current): Loans Liabilities Lease 13.73% 14.42% 13.73% 14.42% 7.18% 6.88% 7.19% 6.89% no later than one year Payable two years Later than one, not later than not later than Later than two, Future Finance Charges 157 205 257 157 268 205 257 268 484 591 484 591 as a liability Recognised Lease Liabilities: Representing Current Non-current 423 519 423 519 197 226 283 236 197 226 283 236 423 519 423 519 Actual 6.45% to 6.74% (2006 6.45% to 6.74%). 30 June 2007, the At Non-current asset portion at 30 June contracts swap The notional principal amounts of the outstanding interest rate 2007 were - cash swaps Interest rate - cash swaps Interest rate
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 124 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 127 rm, on duciary fi fi 360 (Australasia) fi ts 1,292 1,197 fi nition of key management personnel for this disclosure includes nition of key fi ts 7 9 fi Councillor Welch is the Chairman of the Taupo Youth Arts Trust. During the 2006/07 year a During the 2006/07 year Arts Trust. Youth the Chairman of the Taupo is Councillor Welch for services provided. the Trust made by Council to $0) was of $40 (2006 payment Community Arts Council). During (The Taupo Taupo is the Chairman of Creative Councillor Welch of $16,000 (2006 $17,778) were made by Council to that organisation. grants the 2006/07 year Association. During the Residents member of the Acacia Bay Councillor Uvhagen is a committee 30/6/07 $60 a cost of $1,305 (2006 $795). At Council hired the Association hall at 2006/07 year owing to the Association for hall hire. (2006 $0) was Botanical Society. are Board members of the Waipahihi Councillor Hickling and Councillor McElwee in the incurred by Council $2,440) was expenditure of $5,240 (2006 During the 2006/07 year a $nil creditor to that organisation. There was site rentals payable and reservoir form of grants at 30 June 2007 (2006 $2,520). balance owing to that organisation During the 2006/07 year Centre. Therapy of the Taupo Councillor Uvhagen is the Chairman made by Council to the Centre for course attendances. of $196 (2006 $0) were payments Primary Taupo is also a director of the Lake Community Manager Mangakino, Council’s Tina Jakes, $52,691 in programme Council received the 2006/07 year Health Organisation (PHO). During from the PHO (2006 $22,670). for other services funding and payments in the Freedom / Levene has close family ownership and management interests Councillor Trewavas Council made $37,840 of purchases from the 2006/07 year home furnishings retail chain. During terms. Of this amount $14,842 was store (2006 $4,418) on normal commercial Levene the Taupo owing as a creditor balance at 30/6/07 (2006 $1,701). Stent, is a director of District, Clayton of Taupo the Mayor His Worship from that District Council purchased $48,687 of services Taupo Limited. During the 2006/07 year fees on organisation, on normal commercial terms, these services being attendance and the Area Manager Turangi, members of the Senior Leadership Group, the Chief Executive, paid to Councillors and Community Details of remuneration the Mangakino Community Manager. in Note 23. Board members is provided 2006 2007 Actual member accreditation fees, and consulting fees (2006 $15,751). programmes, training has an ownership interest in Community Board member Mrs J Lockyer, / Tongariro Turangi of goods from that and Furniture Limited. Council purchased $503 Retravision Lockyer’s (2006 $283). normal commercial terms, in the 2006/07 year Actual management personnel compensation Key bene Salaries and other short term employee Other long term bene It should be noted that the de $000 $000 NOTES TO THE TO NOTES FINANCIAL STATEMENTS 30 June 2007 ended for the year
nancial statements. fi Bank Borrowing Arrangements Bank Borrowing Arrangements of $308,017 borrowed by lending include bank-sourced term liabilities The Airport Authority’s This to the Authority. District Council, but on-lent in the name of Taupo drawdown of distinct way for 5 requiring no principal repayments arrangement evergreen to a 5 year borrowing is subject 7.68% between of this borrowing ranging It is subject to quarterly re-pricing with the cost years. fully charged in the Interest expense on this borrowing is the 2006/07 year. and 8.61% over Authority’s (see Note 9 for details of the nature of the relationship Data Capture Systems Limited between the related parties) at 30 June 2007 Limited by the Council to Data Capture Systems The balance of a loan provided (2006 $4,084). charged on this loan in the 2006/07 year $0 (2006 $69,436). No interest was was management personnel, as part of a normal customer Councillors and key During the year use of rates, with the Council (such as payment in minor transactions were involved relationship, etc). purchase of rubbish stickers, of Council facilities, dog registration, Development Taupo trustees of the Lake District Council appointees to the seven There are three Taupo Company Development Taupo owns 100% of the Lake Trust Development Taupo The Lake Trust. Company totalling $203,156 (2006 $190,000) were made by Council to the Limited. Payments Services. of Economic Development ended 30 June 2007, for the delivery during the year totalling Grants Community Trust. / advisor to the Waiora Councillor Blyth is the Council observer ended 30 June 2007 (2006 $111,500), during the year $111,500 were paid by Council to the Trust with for reallocation to the community in accordance with $71,500 of this amount in each year Policy. Councils Grants During the Trust. Arts Festival Taupo / advisor trustee to the Lake is an observer Councillor Welch Council’s of $33,200 (2006 $31,000) were made by Council to the Trust. grants 2006/07 year A Arts Festival. Taupo the running of the bi-Annual is a contribution towards funding of the Trust for merchandise purchases or for artwork paid to the Trust further $2,711 (2006 $15,148) was sold on behalf of the Trust. Data Capture Systems Limited is administered by Taupo District Council and all costs associated District Council and all costs associated Limited is administered by Taupo Data Capture Systems Limited has amounts are absorbed by Council. Data Capture Systems with the administration Limited 2007 of $433 (2006 $54,494). Data Capture Systems to Council as at 30 June payable as at 30 June 2007 of $4,693 (2006 $100). Data Capture from Council has accounts receivable 2007 of $0 Airport Authority as at 30 June from Taupo has accounts receivable Limited Systems (2006 $304). Note 29 for details of the nature of the relationship Lake Taupo Protection Trust (see between the related parties) this amount 2006/07 year, $1,991,000 during the Protection Trust Taupo Council paid the Lake contributions for the 2004/05, 2005/06 responsibilities for targeted rate fully meeting Council’s (2006 $0). In addition, a further under the agreed funding arrangements and 2006/07 years being interest accrued on these monies while they to the Trust paid over $157,823 of interest was 2007 formal establishment in February District Council pending the Trust’s were held by Taupo (2006 $0). Councillors And Key Management Personnel for the year ended 30 June 2007 ended for the year NOTES TO THE TO NOTES FINANCIAL STATEMENTS
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 126 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 129 cer fi ts: fi - -
500 384
cient funds to meet fi 3,000 8,475
685 269
2007 2006
3,750 3,750 6,856 3,854
11,470 15,506 17,725
culty in raising suf culty in raising fi
cant powers under the Local Government (Rating) Act 2002 (Rating) cant powers under the Local Government fi cer received the following salary and additional bene cer received fi cer of the Taupo District Council is appointed under Section 42 of the Local District Council is appointed under Section 42 of cer of the Taupo fi
c liquidity risk provisions in Council’s Liability Management and Investment and Investment Liability Management in Council’s provisions c liquidity risk nancial year: nancial year: fi fi
cant concentrations of credit risk with accounts receivable balances as Council has a large balances as Council of credit risk with accounts receivable cant concentrations fi nancial commitments as they fall due. Council addresses this risk by maintaining headroom nancial commitments as they fall due. Council addresses Cost during the Actual Actual Back Pay Back Pay Subscriptions fi if positions on investments the ability to close out market in its committed credit facilities, and required. There are speci committed lending facilities with the ANZ Bank amount to $80 million. policies. Council’s 23 Remuneration - Council Only REMUNERATION CHIEF EXECUTIVE OFFICER’S Of The Chief Executive Of a change of Chief Executive there was Act 2002. During the 2006/07 year Government RETIRING CHIEF EXECUTIVE OFFICER Of The retiring Chief Executive Contribution Superannuation Entitlements Leave Disclosure of the value of Council’s interest rate swap instruments is made in note 19. instruments is swap interest rate of Council’s value Disclosure of the CREDIT RISK the Council its obligation to Council, causing that a third party will default on Credit risk is the risk to incur a loss. subject the Council to credit risk principally consist of bank Financial instruments which potentially and sports club and other guarantees. investments, all balances, accounts receivable, instruments to limits the amount of credit exposure on investment Policy Investment Council’s limits in place. one institution or organisation. There are also minimum credit rating any There are no constraints. are minimal and subject to policy Sports club and other loan guarantees signi and there are appropriate debt management ratepayers, number of credit customers, mainly in place. Council has signi practices outstanding amounts from ratepayers. to recover LIQUIDITY RISK will encounter dif Liquity risk is the risk that Council with the previous CEO retiring and a new CEO appointed. Medical Insurance Subsidy Medical Insurance 170,605 198,470 Salary 163,448 plus FBT) value (market Vehicle Allowance Telephone 208,057 Total NOTES TO THE TO NOTES FINANCIAL STATEMENTS 30 June 2007 ended for the year ed fi oating- uctuate fl fl uctuate due to fl xed rate exposure exposure rate xed fi nancial instruments fi le. Note 18 provides le. Note 18 provides fi t and loss. This price risk uctuate due to changes in fi fl oating-rate interest amounts interest amounts oating-rate fl nancial instrument will fi uctuate as a result of changes in uctuate as a result fl cant exposure to currency risk. fi nancial instrument will le. fi fi ows from a fl nancial instrument will fi xed contract rates and rates contract xed fi ow interest rate risk on borrowings by using ow interest rate fl nancial instruments will nancial instruments will fi
xed rates that are generally lower than those available if Taupo if Taupo lower than those available that are generally rates xed fi ow interest rate risk. ow interest rate fl xed rates directly. directly. rates xed fi nancial assets held at fair value through pro value nancial assets held at fair
fi ed as fi
cation of Council’s investment portfolio and is managed by Council’s Investment Investment managed by Council’s portfolio and is investment cation of Council’s fi ow interest rate risk is the risk that the cash ow interest rate ed intervals, the difference between ed intervals, fl fi nancial assets held at fair value through equity, and through its managed equity investments equity investments and through its managed through equity, value nancial assets held at fair xed interest rate swaps. These interest rate swaps have the economic effect of converting the economic effect of converting have swaps These interest rate swaps. interest rate xed fi fi oating rate borrowings into oating rate calculated by reference to the agreed notional principal amounts. changes in market interest rates. This could impact on the cost of borrowing or the return from interest rates. changes in market an investment. of sets minimum and maximum levels Liability Management Policy Council’s time windows. for borrowings, across various to be managed by risk on investments rate for interest provides Policy Investment Council’s strategy. investment Council as part of its overall Taupo District Council manages its cash Taupo to- fl District Council borrowed at at District Council agrees with other parties to exchange, Taupo swaps, Under the interest rate speci information on term loan interest rates and maturity pro information on term loan interest rates Note 9 provides information on investment interest rates and maturity pro interest rates on investment information Note 9 provides Cash CASH FLOW INTEREST RATE RISK INTEREST RATE CASH FLOW FAIR VALUE INTEREST RATE RISK INTEREST RATE VALUE FAIR of a risk is the risk that the value interest rate value Fair Currency risk is the risk that the value of a Currency risk is the risk that the value INTEREST RATE RISK CURRENCY RISK RISK CURRENCY and treasury activity. Council has risk management policies and processes in place particularly risk management policies and Council has and treasury activity. risk. of credit and the concentration exposures relating to interest rates with regard to risk can be entered specifying what transactions Management Policy Council has established a Treasury in nature. that are speculative transactions The policy does not allow any into. RISK MARKET RISK PRICE of Price risk is the risk that the value interest issued at variable Borrowings and investments interest rates. due to changes in market expose Council to cash rates 22 Financial instrument risks - Council only 22 Financial instrument with minimise risk exposure associated and seeks to Council is risk adverse foreign exchange rates. Taupo District Council has no signi District Taupo rates. foreign exchange market prices. Council is exposed to price risk through its equity securities, which are classi prices. Council is exposed to price risk through its equity securities, market as which are classi arises due to market movements in the value of listed securities. This price risk is managed of listed securities. This price in the value movements arises due to market by the diversi Policy. Investment Managers in accordance with Council’s Management Entity and external Fund for the year ended 30 June 2007 ended for the year NOTES TO THE TO NOTES FINANCIAL STATEMENTS
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 128 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 131 6,803 - 6,803 6,000 6,803 - 6,803 6,000 6,803 6,803 - 6,803 - 6,803 6,803 - 6,803 6,000 - 6,803 6,000 6,803 6,000 6,000
Salary Meeting Actual Actual
Welch, Andrew Welch, Smallman, Arthur Ian Coulter, Sutcliffe, Peter Donald Ormsby, Gathergood, Ailsa Gary Keepa, Susan McCarthy, Janis Lockyer, Margaret Stewart, Smallman, Mary Blyth, Doreen Monetary Remuneration Total 15,272 19,445 5,000 is determined by the (salary and meeting allowances) detailed above The monetary remuneration 7,700 Determination in Elected Members Council resolution within limits set by the Local Government 20,272 27,145 of Act 2002. FBT Local Government of Clause 6 Schedule 7 of the accordance with the provisions 15,272 19,570 24,250 26,246 Clayton supplied to the Mayor, paid to the IRD by Council for a vehicle $9,270 (2006 $6,574) was 15,272 4,900 7,800 Stent. 7,200 20,172 34,046 22,472 18,770 15,272 318,666 30,950 21,233 5,200 73,900 20,472 392,566 17,470 362,059 15,272 6,600 21,872 20,670 Total Total Council / Community Board Member Council / Community ( Mayor) Stent, Clayton Shamus Howard, Uvhagen, Kathryn David Trewavas, Hickling, Barry McElwee, Christine Campbell, Don Allowances 2007 2006 71,091 - 71,091 19,445 67,136 15,272 4,400 8,100 19,445 23,845 23,372 4,600 15,272 21,550 15,272 21,670 7,000 24,045 5,400 22,250 22,272 20,672 20,670 19,870 NOTES TO THE TO NOTES FINANCIAL STATEMENTS 30 June 2007 ended for the year cer is fi t tax to the fi ts: fi cer is calculated fi t tax to the Council t tax to the Council fi ed as follows: fi the 2006/07 cer position during fi
2007 2006
38,582 -
t tax of the remuneration paid, or payable, to the paid, or payable, t tax of the remuneration fi
ce as elected members of the Council’s governing body during the governing ce as elected members of the Council’s fi cer received the following salary and additional bene cer received fi nancial year: nancial year: fi Cost during the Actual Actual Vehicle (market value plus FBT) plus FBT) value (market Vehicle Costs Relocation Total total cost including fringe bene the period 10 April 2007 to 30 June 2007, the For Of the new Chief Executive to, package paid, or payable Council of the remuneration calculated at $44,528 (2006 $0). 2,596 - 3,350 - 44,528 - The combined total cost including fringe bene The combined total cost including Of Council Chief Executive District two persons holding the Taupo (2006 $198,470). $252,585 was year The following people held of to the 19 councillors/community board reporting period. The aggregate monetary remuneration totalled $392,566 (2006: 19 councillors/community during the year members and the Mayor $362,059) and is disaggregated and classi board members and the Mayor The new Chief Executive Of The new Chief Executive MAYOR AND ELECTED MEMBERS REMUNERATION AND ELECTED MEMBERS REMUNERATION MAYOR TOTAL CHIEF EXECUTIVE OFFICER REMUNERATION CHIEF EXECUTIVE OFFICER REMUNERATION TOTAL Salary For the period 1 July 2006 to 9 April 2007, the total cost including fringe bene 2007, the total cost including fringe the period 1 July 2006 to 9 April For NEW CHIEF EXECUTIVE OFFICER of the remuneration package paid, or payable, to the retiring Chief Executive Of retiring Chief Executive to the package paid, or payable, of the remuneration $198,470). at $208,057 (2006 for the year ended 30 June 2007 ended for the year NOTES TO THE TO NOTES FINANCIAL STATEMENTS
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 130 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 133 able, is under fi nancial exposure exposure nancial fi cally related to the causes of the fi ed in the Taupo urban area, with the potential ed in the Taupo fi
able (2006 Same contingency disclosure made). fi c advice has been received regarding the Hipaua Geothermal Landslide risk the Hipaua Geothermal Landslide regarding has been received c advice fi subsidence. The issue of contingent liability however, currently unquanti liability however, subsidence. The issue of contingent for property damage and therefore raising liability issues. Taupo District Council does liability issues. Taupo raising for property damage and therefore speci direct potential liability, it has any not believe GROUP ASSET (2006 nil). There are no contingent liabilities relating to the subsidiary entities CONTINGENT GROUP District Council and the Airport Sub-Committee were advised by the In July 2005 Taupo of a change in policy direction in regard to Crown funding of joint Secretary of Transport losses. airport operating venture understand that the policy change means that the Crown will meet its share of the We been advised that the have We airports such as Taupo. losses of joint venture operating policy change is applicable to both past and future losses. OTHER CONTINGENCIES CONTINGENCIES OTHER DISTRICT COUNCIL TAUPO Scienti property landslide any of a In the event Taupo. end of Lake at the southern near Waihi rise to claim(s) against Council, currently potentially give damage and/or loss of life could unquanti identi A land subsidence issue has been review (2006: Same contingency disclosure made). review (2006: Same contingency lands throughout the to account certain reserve Council controls and has brought that they are no longer required ownership in the event District which will return to Iwi eventuate ever that this situation will purposes. Council does not envisage for reserve contingency). (2006 Same disclosure of this to weathertightness building defects. As at the be subject to claims relating Council may 5 Service (WHRS) is investigating Home Resolution date of this report the Weathertight not result in formal or may District. These may the Taupo claims relating to properties in weathertightness claim has been lodged directly claims against Council. One further calculated at present, claims cannot be accurately with Council. The quantum of these to our usual liability under this claim will be met by our insurers, subject although any (2006 5 WHRS claims plus one lodged directly). requirements excess there are a further 16 In addition to the weathertightness building defect claims, claims against Council as at 30 June 2007 (2006 10 claims). potential legal unresolved damage, contractural All seek compensation related to resource consents, property have which the claimants believe operations disputes, or other aspects of Council’s caused them loss. It is not possible for Council to quantify a maximum expects its actual liability for these claims. Council will vigorously defend all claims and at all. liability to be minimal, if indeed there is any NOTES TO THE TO NOTES FINANCIAL STATEMENTS 30 June 2007 ended for the year 184 100 220 223 248 197
2007 9,519 Group Actual
guarantee
- -
279 201 218 34 -
2007 $000 2006 $000
26,449 10,288
- 76 - - - 2,492 731 - - 100 220 254 203 230
Actual Actual
10,288
- -
34 -
272 218 218 196
$000 $000
Actual 3,147 1,667 3,147 1,667
Council Council Group Council Council
27,135 10,975 27,147 10,956
guarantee guarantee years guarantee outstanding
of Year in Term original ve years years ve fi
Amount of of level 2007 2007 2007
AC Baths Taupo Association Football Club Association Football Taupo Club Squash Rackets Taupo Totals for the year ended 30 June 2007 ended 30 June 2006 for the year Totals 1992 25 53,000 2005 35,495 10 50,000 193,000 28,186 87,204 159,000 116,270 given by Council: The following Loan Guarantees have been Club Inc. Hockey (Taupo) Great Lake Gymnastics Club Inc. Mount Tauhara 2005 5 1996 10 40,000 14,004 50,000 2007 2006 District Roading District Roading Refuse Extension Library Taupo Extension Library Turangi Park Riverside Property Purchase (conditional) Total Major Contracts 2,492 731 9,640 2,039 9,640 2,039 26,449 8,404 6,078 8,404 6,078 Total Commitments 25 Contingencies Current Loan Guarantees - Council only Later than one, not later than two years Later than one, not later than two years not later than Later than two,
as lessee: Non-cancellable operating leases Taupo District Council leases property, plant and equipment in the normal course of its business. plant and equipment in the normal course District Council leases property, Taupo to be collected under non-cancellable operating payments The future aggregate minimum lease leases are as follows: than one year no later Payable 24 Commitments was Major contracts which Council committed to: Wastewater Wastewater Water Supply Water 1,925 184 1,925 Stormwater Stormwater 76 for the year ended 30 June 2007 ended for the year NOTES TO THE TO NOTES FINANCIAL STATEMENTS
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 132 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 135 cial fi nancial fi t expenses fi cant balances cant fi gures for year one of the gures for year fi nancial contribution revenue nancial contribution revenue fi ect development contributions invoiced and contributions invoiced ect development fl ect the value of depreciation expense charged in the depreciation expense charged of ect the value fl cant natural disaster. cant natural fi is the recognition of gains on sale from various subdivision projects carried out by is the recognition of gains on sale from various resulted in a mismatch Council ($5.1m). Changes in the timing of these projects have This gain is timing of the recognition of these revenues. actual in the budget versus contribution and offset by a shortfall in development against budget expectations. Protection Trust. bene in this are employee of budget. Major factors being $4m in excess of budget, in excess being $1.3m higher than budgeted, depreciation being $1.2m and $1.8m of unbudgeted losses on the disposal of assets. Council’s actual surplus of $14.4m is $8.9m greater than the $5.5m budgeted. The actual surplus of $14.4m is $8.9m Council’s are due to: major variations - from activities being $4.3m higher than budgeted. The major factor in this Revenue - in council of $5.2m. vested Unbudgeted infrastructure - Taupo An unbudgeted $3.1m recognition of the surplus of associate, the Lake - expenditure is Council’s offsetting these items of unbudgetted revenue Partially Depreciation reserves re Depreciation reserves INCOME STATEMENT statements and funded from rates. These reserves are utilised to fund the replacement are utilised These reserves funded from rates. statements and are being depreciated. of the assets that and renewal re contribution reserves Development spent on growth-related asset purchases or construction. but not yet received, sold its District Council 2005 when Taupo established in September The TEL Fund was Limited. The bene Generation Electricity Limited and Taupo in Taupo investments and Mangakino/Pouakani in the Taupo/Kaiangaroa owners of the fund are the ratepayers requirement in these and the fund is utilised to reduce the rating areas (TKMP) rating areas of the District. the funds in readily available is set aside to assist with reserve The disaster recovery case of a signi of a number of other designated are an accumulation The other special purpose reserves of purposes. Among the more signi held for a variety funded and reserves, and the forestry reserve, land subdivision reserves, property reserve, are the strategic purpose reserve. general the Turangi/Tongariro against budget 28 Explanation of major variances from the Council estimate Explanations for major variations are as follows: 2006/16 LTCCP NOTES TO THE TO NOTES FINANCIAL STATEMENTS 30 June 2007 ended for the year t ratepayers fi nancial dealings prudently and in a nancial dealings fi nancial dealings. fi
ed in those plans. And the Act sets out the factors that fi cant events after balance date that require reporting (2006 Group after balance date that require reporting (2006 Group cant events fi t the Crowns policy criteria. t the fi nancial policies in the Council’s LTCCP. nancial policies in the Council’s fi TEL Fund purpose Fund recovery special TEL Disaster Other Depreciation reserves reserves contributions Depreciation Development is currently being of this compensating payment The quantum, form, and timing as a contingent asset. determined, hence its disclosure date 26 Events after balance sheet There were no signi and future interests of the community. manner that promotes the current expenses, of managing revenues, as a by-product funds are largely managed Ratepayers’ and general assets, liabilities, investments, which is equity, intergenerational of managing these items is to achieve The objective equity Intergenerational a principle promoted in the Act and applied by the Council. assets while not to meet the costs of utilising the Council’s ratepayers requires today’s will bene expecting them to meet the full cost of long term assets that the Council has in place asset management plans Additionally, in future generations. to ensure and maintenance programmes, for major classes of assets detailing renewal are not required to meet the costs of deferred renewals in future generations ratepayers and maintenance. in its Long Term provision adequate and effective The Act requires the Council to make and in its Annual Plan (where applicable) to meet Council Community Plan (LTCCP) the expenditure needs identi appropriate sources of the Council is required to consider when determining the most of funding are set out in the funding for each of its activities. The sources and levels funding and 27 Capital management management Capital Limited). Systems - reported wind-down of Data Capture 27 accumulated funds), which comprise capital is its equity (or ratepayers’ The Council’s Equity is represented by net assets. funds and reserves. [the Act] requires the Council to manage its revenues, Act 2002 The Local Government general expenses, assets, liabilities, investments, District Council has the following Council created reserves: Taupo
• • • • • This policy change should result in the Taupo Airport Authority obtaining an equity Airport Authority should result in the Taupo This policy change the past losses incurred over operating Crown in recognition of any injection from the which few years for the year ended 30 June 2007 ended for the year NOTES TO THE TO NOTES FINANCIAL STATEMENTS
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 134 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 137 2006 $000
- 2007 Group Group Actual Actual
3,141 Actual
- uence over the activities of the Lake Taupo Taupo the activities of the Lake over uence 299 - 309 -
fl Actual
33.3% - Council Council Council Council
cant in fi nancial information fi cit) 9,423 - fi in Associates 29 Investments Council has signi District Taupo 2007. an entity created in February Protection Trust, and the Waikato together with Environment the Trust, As one of the three settlors of Council has assessed its interest in the Trust District Taupo Ministry for the Environment, at 33.3%. in the carrying Movements in amount of investments 2007 2006 that of work a programme is charged with developing Protection Trust Taupo The Lake the by 20% over the lake will reduce the amount of manageable nitrogen leaching into and assist land use change, purchase land or nitrogen It will encourage next 14 years. assist that will and other initiatives catchment, and fund research Taupo in the Lake will The Trust Taupo. Lake landowners to reduce the nitrogen impact of their activities on these purposes. to achieve the next 14 years be funded with $81.5 million over with to the Trust, Council, together with the two other settlors contributes funding expenditure in the Council accounts share of this funding charged as operational Council’s equity accounts. Council expects no return on in the Trust’s and recognised as revenue of nitrogen reduction. of the set objective other than the achievement from the Trust associates: Opening Balance Share of total recognised and expenses revenues of investment Value 3,141 $000 - Equity - Revenues 3,141 $000 - Expenses 3,141 Surplus/(de - $000 interest District Council’s Taupo - - 9,732 9,423 - - Summarised of associates: Assets Liabilities 9,722 - NOTES TO THE TO NOTES FINANCIAL STATEMENTS 30 June 2007 ended for the year
nancial instruments being $0.9m higher than budgeted with changes nancial instruments being $0.9m higher fi changes in the timing of Council’s subdivision programme impacting on this. impacting subdivision programme changes in the timing of Council’s in interest rates over the year increasing the value of the interest rate swaps that swaps of the interest rate value increasing the the year over in interest rates Council has entered into. Protection Trust. Taupo associate, the Lake and changes in Council’s corrections to the 2005 valuations, June 2007 revaluations, capital spending programmes. borrowings earlier than of some and the repayment capital expenditure programme, expected. from a liability method of accounting away the policy of actuals, moving preparation liability of $2.7m for development method. This resulted in the estimated to a revenue contributions not eventuating. in Equity’ elsewhere in this note primarily the result of errors in 30 June 2005 revaluations of land being discovered discovered of land being revaluations of errors in 30 June 2005 primarily the result but corrected for in the actual numbers reported. after estimates were prepared, anticipated in the LTCCP. under ‘Income Statement’ heading above)
The major variations are due to: are The major variations - being $3.3m lower than budgeted. other receivables and Trade - being $1.0m lower than budgeted with Non-Current Assets Held for sale being - Derivative - unbudgeted $3.1 million interest in the net assets of Council The recognition of an - $35.5m higher than budgeted, the result of 30 plant and equipment being Property, - of changes in Council’s Borrowings being $24.5m less than budgeted, the result - contributions between budget and The change in accounting policy on development - as described under the heading of ‘Statement of Movements Equity position varying The major variations are due to: The major variations - than anticipated in the budget, position being $51.9m lower The opening equity - $107m higher than of land and buildings being 30 June 2007 revaluations The - directly to equity. gains of $0.67m being taken Other unbudgeted revaluation - (see explanation being $8.9m higher than budgeted The net surplus for the year BALANCE SHEET STATEMENT OF CHANGES IN EQUITY STATEMENT
for the year ended 30 June 2007 ended for the year NOTES TO THE TO NOTES FINANCIAL STATEMENTS
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 136 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 139 (1,180) 41,819
- 2,456 90,263 - - 243 - 146 146 - 140 140 - 11,431 11,128 - (10,947) 18,189 - (1,379) 7,842 - 18 18 - - 523 - - 3,816 - - 1,149 49,025 - - 1,694 - 197 197 - 515 515 - 3,801 3,801
(62,503) 2,592 887,067
-
-
$000 $000 $000 $000
- 630,784 (62,831) (567,953) -
$000
535 - 3,665 -
81,384 87,807
nancial statements - Council fi $000
3,812 3,967 303
$000
(62,601) 9,513 871,935 946,978
Correction Transition Correction Transition NZ IFRS GAAP Correction Transition NZ IFRS
- - 125 125 - - 3 3
155 - 228 - - 228 243
18,590 - (3,539) 15,051 29,136
935,025 (62,601) 10,242 882,666 960,600 (62,503) 1,346 899,443 925,023
nancial nancial fi fi
nancial assets nancial assets fi fi ow hedge reserves ow hedge reserves fl
reserves Restricted revaluation Investment [note (iii)] reserve Cash [note (i)] Property revaluation [notes (xv),(vii)]625,698 reserves (62,831)(562,867) Other [note (ii),(iii)] and other Trade [note (iv)] receivables Derivative 7,528 - instruments [note(i)] (972) 6,556 Inventories - 9,221 Non-current assets - - held for sale - - Non current assets 522 Other - - [notes (iii), (iv)] 515 522 and other Trade - - 523 receivables 515 Derivative 45,837 3,816 - instruments [note(i)] 682 46,519 Intangibile assets 27,310 - 47,876 [note (viii)] - - (699) 15 - 15 Biological assets 26,611 - 42,999 - - [note (ix)] - plant and Property, 1,694 equipment [notes (vii), - (viii), (ix), (xiv), (xv)] - 535 889,188 (62,601) 5,345 - - 3,665 831,932 911,030 (62,503) (4,316) 844,211 Equity Accumulated funds Council created reserves [note (v)] 217,713 230 572,252 790,195 228,144 328 567,803 796,275 81,384 - - Reconciliation of equity to previously reported Reconciliation of Opening Balance Sheet 1/7/05 Previous GAAP Balance Sheet 30/6/06 Comparative Effect of Previous Effect of $000 Current assets Cash and cash equivalents [note (ii)] NOTES TO THE TO NOTES FINANCIAL STATEMENTS 30 June 2007 ended for the year s g from g tions from full e assets; park h equity at the with NZ IFRS, with NZ IFRS, p g g y l p o District Council has p es in equity resultin tional exem g p balance sheet was prepared as balance sheet was lied. Tau g 2005 transitional date. 2005 transitional pp y s; operational land, operational buildin land, operational s; operational g nancial statements that com nancial statements that comply with NZ IFRS, with NZ IFRS, nancial statements that comply tions and certain o fi fi nancial liabilities exemption has been applied. has been nancial liabilities exemption nancial liabilities exemption has been applied. has been nancial liabilities exemption fi fi p tion has been a p exce nancial statements in accordance with NZ IFRS 2, nancial statements nancial statements in accordance with NZ IFRS 2, nancial statements fi fi y network; land under roads; wastewater, water and water wastewater, network; land under roads; g lied. assets of this nature at Taupo Airport); herita assets of this nature at Taupo pp g o District Council o District Council p nancial assets and nancial assets and NZ IFRS. NZ IFRS. fi fi o lication of NZ IFRS. nated its direct investments in shares at fair value throu at fair value in shares nated its direct investments g n t lied the mandator rst Taupo District Council District Council rst Taupo rst Tau pp o fifi pp tables and the associated notes show the chan tables and the associated notes these consolidated g g nsiti te. nation of a g lanation of transition to NZ IFRS lanation of transition da ective a ective f tr p t p o a te nd reserve land (includin nd reserve as the deemed cost at 1 Jul nd use those fair values t th nd NZ IFRS 1 has been a nd NZ IFRS 1 has lected to measure its roadin tormwater networks; infrastructural buildin networks; infrastructural tormwater n preparin the transition from previous NZ GAAP to NZ IFRS as at 1 July 2005 and 30 June 2006. the transition The desi Council has desi da The followin The fair value as deemed cost exem as deemed The fair value e s a or 1 July 2005, at either 30 June 2005 value at fair furniture; and airport infrastructure; a a I Council has a retros 30 Explanation of transition to NZ IFRS 30 Explanation30 Ex These are the These are the a IFRS openin date is 1 July 2005 and a NZ The transition and NZ IFRS 1 has been applied. and NZ IFRS 1 has as prepared IFRS opening balance sheet was date is 1 July 2005 and a NZ The transition at that date. In preparing these consolidated from full and certain optional exemptions exceptions Council has applied the mandatory application of NZ IFRS. retrospective District Council has has been applied. Taupo cost exemption as deemed The fair value and water network; land under roads; wastewater, elected to measure its roading buildings land, operational buildings; operational networks; infrastructural stormwater park Airport); heritage assets; land (including assets of this nature at Taupo and reserve or 1 July 2005, at either 30 June 2005 value at fair furniture; and airport infrastructure; date. as the deemed cost at 1 July 2005 transitional and use those fair values The designation of Council has designated its direct investments in shares at fair value through equity at the in shares at fair value investments Council has designated its direct to NZ IFRS. date of transition notes show the changes in equity resulting from The following tables and the associated from previous NZ GAAP to NZ IFRS as at 1 July 2005 and 30 June 2006. the transition for the year ended 30 June 2007 ended for the year NOTES TO THE TO NOTES FINANCIAL STATEMENTS
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 138 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 141 3,801
3,816
11,466
849,883
- 243
146 146 140 140
3,801
(1,379) 7,509
(10,947) 18,189
(62,402) (2,847) (62,402)
$000 $000 $000 $000
$000
6,506 8,888 - 3,665 - -
nancial statements - Group fi (699) 26,637 42,701 - (1,180) 41,521 3,665 $000
$000
Correction Transition Correction Transition NZ IFRS GAAP Correction Transition IFRS NZ
515 - - 515 3,816 - - 228 - - 228 243 - 522 - - 522 523 - - 523
1,339 - 242 1,581 1,198 - 315 1,513 7,478 - (972)
937,652 (62,501) 13,109 888,260 4,306 905,010 963,106 (62,402) 927,020 (62,501) 11,375 875,894 948,562 4,596 (62,402) 890,756
nancial nancial fi fi
nancial assets nancial assets fi fi ow hedge fl Derivative Derivative instruments [note(i)] Inventories ------18 18 Cash [note (i)] reserves Property revaluation [notes (xv),(vii)]627,934 reserves - (62,731) (565,203) - Minority Interest - 3 633,020 3 (62,730)(570,290) - - - Equity Accumulated funds Council created reserves [note (v)] 216,135 230 reserves Restricted 576,208 792,573 226,294 328 571,829 798,451 81,384 - - 81,384 87,807 - 2,456 90,263 Non-current assets held for sale instruments [note(i)] Property Investment - 27,336 - [note(xi)] - 15 15 Intangibile assets - [note (viii), (xii)] - 197 197 Biological assets [note (ix)] - - - 603 - 1,397 603 1,397 - - - 515 515 - 1,491 - 1,491 - Non current assets Other [notes (iii), (iv)] and other Trade receivables Derivative 44,241 - 682 44,923 46,280 - 1,149 47,429 - - - - 1,694 - - 1,694 Current assets Cash and cash equivalents [note (ii)] 231 - 3,812 4,043 338 - 11,128 Investment revaluation revaluation Investment [note (iii)] reserve - - 125 125 - - Trade and other and other Trade [note (iv)] receivables Reconciliation of equity to previously reported Reconciliation of Opening Balance Sheet 1/7/05 Previous GAAP 30/6/06 Balance Sheet Comparative Effect of Previous Effect of Property, plant and Property, equipment [notes, (vii), (viii), (ix), (xii), (xiv), (xv)] 893,411 (62,501) 6,747 837,657 915,132 Other [notes (ii),(iii)] 18,590 - (3,539) 15,051 29,136 - $000 NOTES TO THE TO NOTES FINANCIAL STATEMENTS 30 June 2007 ended for the year
30
109 63
(53)
(2,456) - (2,426) 44,555
98 (1,728) 14,974
98
$000 $000 $000 $000
16,604 $000
21,852 33,734 10,112 - 43,846 7,897 7,783 - - 7,783 1,321 1,588 - 30 14,907 1,618 19,752 (10,112) - 9,640 22,435 36,869 10,112
$000
$000 5,183 28
Correction Transition Correction Transition NZ IFRS Transition GAAP Correction NZ IFRS
16,604 16,604
t t fi fi 925,023 (62,601) 9,513 871,935 946,978 (62,503) 2,592 887,067 Borrowings [note (xvi)] 16,669 5,183 - Increase in valuation of forest previously accounted for of forest previously accounted Increase in valuation [note (ix)] reserve through the revaluation of term deposits [note iii)] Decrease in the valuation 136 Employee bene Employee liabilities Net Assets Net Surplus for the Year 555 - - 555 679 - 17,224 - 679
$000 Provisions Provisions Borrowings [note (xvi)] 10,872 (5,183) - 28 5,689 - 10,351 Non current liabilities (28) (10,112) - - Provisions 239 30 - (30) - - 20,088 (5,183) - 2 28 28 - - 30 Employee bene Employee liabilities [note (vi)] 1,291 - 30 Derivative Financial Instruments [note (i)] Derivative Assets introduced in 2005/06 - now adjusted in opening balance sheet [note (vii)] books [note (xiv)] Change in depreciation of library (4,414) Opening Balance Sheet 1/7/05 Previous GAAP Balance Sheet 30/6/06 Comparative Effect of Previous Effect of Reverse prior year adjustment for Development adjustment for Development prior year Reverse Contributions [note (v)] this year received Contributions revenue Development - [note (v)] 2,431 Development Contribution Development liability [note (v)] - - - - 2,456 - Current liabilities 7,897 payables and other Trade - - for the year ended 30 June 2007 ended for the year NOTES TO THE TO NOTES FINANCIAL STATEMENTS
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 140 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 143 rst fi ed its fi nancial fi ed as an intangible fi
ned as funds invested with maturity date ned as funds invested fi ed as “available for sale” and accounted for at ed as “available fi ce equipment class. This has been reclassi fi ed to cash and cash equivalents. fi NZ IFRS Adjustments Adjustments IFRS OF EQUITY - RECONCILIATION NOTES EXPLANATORY NZ to account in the were not brought derivatives NZ GAAP, (i) Under previous Council has must be accounted for. of derivatives value reports. Under NZ IAS 39 the fair been designated Where these have instruments. derivative swap a number of interest rate in the movement is proven, of the hedge effectiveness for hedge accounting, and the Where there is no designation, or where reserve. a revaluation is accounted for in value statement. to the income is taken movement the value there is ineffectiveness, been de have (ii) Cash and cash equivalents have investments A number of date of investment. of three months or less from the been reclassi accounted for been have in bonds and term investments (iii) In the past investments Council has classi Under NZ IFRS, value. at the lower of cost or net realisable while at amortised cost, in bonds as being “held to maturity” and valued investments classi with banks are term investments Any value. at market in non-related shares are valued Investments value. market is accounted for through the investment in the investments value increase in market through the Income Statement. while decreases are taken reserve, revaluation value into account in the market is taken investments (iv) Interest accrued on term In the past this has been value. of the investment calculation and included as part balance. in the accounts receivable accounted for as interest accrued Contributions the accounting treatment for Development (v) During the 2005/06 year, to the liability method, where when invoiced, changed from accounting for revenue capital project. Under IFRS, until it is applied to an allowable is not recognised revenue The effect are to be recognised as income when invoiced. Contributions Development has been reversed. of the change in accounting policy in the 2005/06 year There is now a has not been treated as a liability. (vi) In the past unused sick leave that is estimated to be used unused sick leave for the portion of requirement to provide in future years. at 1 utility buildings) were revalued (vii) Land and buildings (including infrastructure also included for the July 2005. In addition, park furniture and heritage assets were in the 2005/06 time at 1 July 2005 and were introduced through the Income Statement been plant and equipment that have for classes of property, carrying value The year. at 1/7/05) are considered deemed cost and (including valuations previously revalued to retained earnings. transferred been have reserves associated revaluation plant and equipment, for as property, has been previously accounted (viii) Software within the furniture and of asset. NOTES TO THE TO NOTES FINANCIAL STATEMENTS 30 June 2007 ended for the year 890,756
63
136 109
94 (142)
(62,402) 4,596
GAAP Correction Transition NZ IFRS NZ Transition GAAP Correction
16,332 14,704 98 (1,726)
28 - - 30 30
$000 $000 $000 $000 $000
23,966 37,177 10,112 45,819 (1,470) 22,378 34,042 10,112 - 44,154
16,332
$000 $000
(62,501) 11,375 875,894 948,562
$000
17,737 1,033 5,196 927,020 8,016 - - 8,016 7,866 - - 7,866 ed as property, plant and equipment plant and ed as property, fi t t fi fi nancial instruments [note(i)] fi Prior year consolidation errors eliminated Prior year [note (x)] Current portion of the deferred tax movement 49 Current liabilities payables and other Trade Provisions bene Employee liabilities [note (vi)] Borrowings [note (xvi)] 10,885 1,302 (5,196) - 5,689 - 30 1,332 10,568 28 Non current liabilities 1,604 (10,112) - - (28) - - 30 456 Provisions 30 1,634 - (30) - - - 28 20,231 (5,196) 2 15,037 20,068 (10,112) - 9,956
Net Assets Development Contribution Development liability [note (v)] Liability Deferred Tax [note(x)] - - - - bene Employee 2,456 - (2,456) liabilities - - - 1,005 1,005 - - 956 555 956 - - 555 679 - - 679 Opening Balance Sheet 1/7/05 Previous GAAP NZ IFRS Correction Transition 30/6/06 Balance Sheet Comparative Effect of Previous Effect of Net Surplus for the Year of forest previously accounted for Increase in valuation [note (ix)] reserve through the revaluation Development Contributions revenue received this year this year received Contributions revenue Development - [note (v)] Borrowings [note (xvi)] 17,182 5,196 - Decrease in the valuation of term deposits [note iii)] Decrease in the valuation Contributions adjustment for Development prior year Reverse [note (v)] Derivative Assets introduced in 2005/06 - now adjusted in opening balance sheet [note (vii)] books [note (xiv)] Change in depreciation of library depreciation as a result of revaluing Recalculated properties, airport buildings and reclassifying investment previously classi (53) [notes (vii) and (xi)] properties of investment Changes in fair value [note (xi)] revaluation 98 (4,414) 2,431 1 for the year ended 30 June 2007 ended for the year NOTES TO THE TO NOTES FINANCIAL STATEMENTS
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 142 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 145 nition of Council Controlled fi cient air transport needs of the cient air transport fi ned by the Local Government Act ned by the Local Government fi cient air transport needs of the Taupo District. needs of the Taupo cient air transport fi Environment Waikato and the Ministry for the Environment and the Ministry for the Waikato Environment region in the Waikato together with other local authorities company Airport Authority Taupo Advisory Board Tourism Taupo Lake Advisory Board Economic Development District Taupo District Council, are Taupo of this Trust – the settlors Protection Trust Taupo Lake The Limited – Council has a shareholding interest in this Local Authority Shared Services Limited Data Capture Systems Limited Taupo Destination Lake
In addition, Taupo District Council has an interest in two other Council Controlled District Council has an interest in two In addition, Taupo Organisations: under exempted District Council also has a controlling interest in two organisations Taupo Act 2002 from the de section 7 of the Local Government Organisation: reports the performance of these entities in the This section of the annual report 2006/07 year. SIGNIFICANT POLICIES AND OBJECTIVES a successful business providing Airport Authority is to operate of the Taupo The objective for the safe, appropriate and ef for the safe, appropriate and ef The Authority provided District during the year. Taupo Taupo District Council has a controlling interest in three Council Controlled interest in three Council Council has a controlling District Taupo Organisations: • • • • • • • AUTHORITY AIRPORT TAUPO BACKGROUND own the District Council and the Crown, represented by the Ministry of Transport, Taupo equally. Airport Authority (TAA) Taupo is a Council Controlled Organisation (CCO) as de TAA 2002. District Council. During is managed, under agreement with the Crown, by the Taupo TAA by a Sub- provided was of the Airport operations the governance the 2006/07 year options were considered. Subsequent to Committee of Council while future governance the governance provide balance date a new Committee has been established which will in 2007/08 and into the future. of the airport operations Auditors - Audit New Zealand of New Zealand - Bank Bankers Taupo Solicitors - Le Pine & Co, COUNCIL CONTROLLED ORGANISATIONS g or. or. f ical ible g g erties. italised p na nancial nancial nancial to non- fi fi fi fi p y cost less ro g p ca y current / no er deferred tax g ed to other asset ed to other ed to other asset ed to other fi fi ed as investment ed as investment ed as investment fi fi reviousl ed as an intan ed as an intangible p fi fi in an increased value revaluat 2005/06 GAAP g cantly lar cantly larger deferred tax cantly larger deferred fi fi ni g valuat ed from a current liabilit ed from a current liability to non- fi fi ical asset and revalued annually. All annually. ical asset and revalued accounted for investment accounted for investment stems had been g y y h the revaluation reserve. Under NZ reserve. h the revaluation ed that are classi ed that are classi fi fi g h the Income Statement. Non-biolo h the Income Statement. g
value of an asset and the amount attributed value ture S g ed in the 2005 GAAP revaluation of land and revaluation ed in the 2005 GAAP ed in the 2005 GAAP revaluation of land and revaluation ed in the 2005 GAAP p fi fi which had not been previously accounted which had not been previously reviousl f ed as property, plant and equipment with any and equipment with any and equipment with any plant plant property, property, ed ased as eport p assets. r. fifi rities in the 2004/05 and 2005/06 GAAP d ect the correct book value representin correct book value ect the ect the correct book value representing cost less representing correct book value ect the fl fl ue enerally results in a si enerally has been reclassi ed as a biological asset and revalued annually. All annually. asset and revalued ed as a biological ed as a biolo l fi fi g y ority o j has not nancial report an error was noted in the current / non- noted in the current nancial report an error was nancial report an error was noted in the current / non- noted in the current nancial report an error was y fi fi ll liabilit ll ll liability has been reclassi accounted for throu accounted for fi fi g ation to reva l s have now been identi s have enditure for Data Ca g p ort Authorit p in re reciation. p lly . e y cation of public debt maturities in the 2004/05 and 2005/06 GAAP cation of public debt maturities in the 2004/05 and 2005/06 GAAP o Air d fi fi ment ex
p ecia p d . roads) included in the forestry class have been reclassi class have . roads) included in the forestry rovision for land rovision p g p ate l , es e in valuation bein e in valuation are accounted for throu es in valuation y . g g The it t Develo l ) The Tau i ) ) b number of buildin 63million. f $1,075,000. ccumu sse ssets (e. urrent liabilit han han date, resultin carried out at transistion was lasses. A valuation xiii xii xi FRS, forestry assets are now classi forestry assets are now FRS, ia current classi reports. This error has been corrected for. a (xv) There were a number of errors identi by close to reserve of the asset and the revaluation the value overstating reserves, $ (xvi) In preparing the current ( c CORRECTIONS OF PRIOR YEARS TREATMENT CORRECTIONS OF PRIOR YEARS TREATMENT books has been incorrectly calculated. Accumulated depreciation on library (xiv) Historically, depreciation has been amended to re These assets are not depreciated. ( and equipment. This has now been reclassi plant to property, a l ( A the ma properties under NZ IFRS, to the Income Statement. of these properties has been credited The increase in fair value o partial method of calculatin Airport used the the Taupo (x) Under previous NZ GAAP, Under NZ IAS 12, deferred tax is calculated recorded. deferred tax, and no liability was the carryin based on the difference between to it for tax purposes. This method (ix) Forestry has been previously classi previously classi has been has been (ix) Forestry (ix) Forestry c I c a c for the year ended 30 June 2007 ended for the year NOTES TO THE TO NOTES FINANCIAL STATEMENTS change in valuation being accounted for through the revaluation reserve. Under NZ reserve. for through the revaluation being accounted change in valuation classi forestry assets are now IFRS, the Income Statement. Non-biological are accounted for through changes in valuation been reclassi the forestry class have assets (e.g. roads) included in classes. A valuation was carried out at transistion date, resulting in an increased value date, resulting in an increased value carried out at transistion was classes. A valuation of $1,075,000. partial method of calculating Airport used the the Taupo (x) Under previous NZ GAAP, Under NZ IAS 12, deferred tax is calculated recorded. deferred tax, and no liability was and the amount attributed of an asset the carrying value based on the difference between results in a signi generally to it for tax purposes. This method (xiv) Historically, depreciation on library books has been incorrectly calculated. Accumulated depreciation on library (xiv) Historically, depreciation has been amended to re liability, especially in relation to revalued assets. in relation to revalued especially liability, properties. Authority has not previously accounted for investment Airport (xi) The Taupo now been identi A number of buildings have properties under NZ IFRS, the majority of which had not been previously accounted for. of which had not been previously accounted for. the majority properties under NZ IFRS, to the Income Statement. of these properties has been credited The increase in fair value These assets are not depreciated. capitalised had been previously for Data Capture Systems expenditure (xii) Development and equipment. This has now been reclassi plant to property, asset. for land (xiii) The provision current liability. accumulated depreciation. (xv) There were a number of errors identi reserves, overstating the value of the asset and the revaluation reserve by close to reserve of the asset and the revaluation the value overstating reserves, $63million. (xvi) In preparing the current current classi reports. This error has been corrected for.
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 144 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 147 ve of these independent of ve fi ned by the Local Government the Local Government ned by fi ed in the 10 Year Visitor Industry Strategy ed in the 10 Year fi ve representatives of various organisations. of various representatives ve fi management (DLT) Taupo Lake of Destination direction and operations Marketing Destination in economic development, and with other strategy documents prepared by the documents prepared and with other strategy in economic development, community identi initiatives implement To advice on tourism in the District including: provide To involved alignment and consistency of approach with other organisations ensure To on tourism expenditure (short and long term). advise Council To These objectives have been met. have These objectives LAKE TAUPO TOURISM ADVISORY BOARD ADVISORY TOURISM TAUPO LAKE BACKGROUND by the is an Advisory Board established (LTTAB) Advisory Board Tourism Taupo The Lake Council. District Taupo Organisation (CCO) as de is a Council Controlled LTTAB Act 2002. board, with for a 10-person constitution provides LTTAB’s other members and the New Zealand Auditors - Audit SIGNIFICANT POLICIES AND OBJECTIVES are: of LTTAB The objectives • • - - • • AND SCOPE OF ACTIVITIES NATURE Advisory Board is to meet the objectives Tourism Taupo The intended activity of the Lake set out above. are the year by the Board during activities provided The nature and scope of the consistent with this intention. $
Budget
780,000 708,000
2007 2007
12,270 72,000
Actual
c each day. c each day. fi fi ed. fi for air traf The sealed runway was open was The sealed runway Achieved open for year unless ight departure. fl ow requirements as soon is now the landing charges review fl c 365 days of the c 365 days of the fi c 365 days of the year unless of the year c 365 days for air traf fi nancial return on equity of at least nancial return on equity of at least However, this year. Not achieved Not achieved fi
as possible. complete which should ensure target in future. of this achievement prevented by adverse weather or by adverse prevented unexpected events. for air will be open runway The grass traf open was runway The grass Achieved prevented by adverse weather or by adverse prevented or when the sealed unexpected events, is in use. runway a Unicom the CAA directive, Following information service will be provided provided Unicom service was A until such time as of the year 365 days system, operational an alternative November. in until its withdrawal day every Advisory by the TAA approved Achieved Sub-Committee, is implemented. at The terminal building will be open and times least one hour before arrival half an hour after open The terminal building was as speci Achieved A annually. 1% to be achieved in terms of its be self-funding The TAA review is the landing charges own cash However, this year. Not achieved Not achieved should now complete which of this ensure achievement target in future. Total revenue revenue Total 577,573 Financial Performance for the year ended 30 June 2007 for the year Financial Performance $ Performance Targets Targets Performance will be The sealed runway Results Achievement air traf
Total expenditure (including tax expense) expenditure (including tax expense) Total Net Surplus after taxation 565,303 PERFORMANCE NATURE AND SCOPE OF ACTIVITIES AND SCOPE OF NATURE of the to meet the needs infrastructure an airport to provide Authority is Airport The Taupo related development. land for airport with leasehold District, together Taupo are the year Authority during by the provided of the activities and scope The nature this intention. consistent with
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 146 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 149 . t n n E es i g E the Not Achieved g s have bee s have g e of stakeholders. g f the NZT . o d rammes. rammes. g or reviewin re f ared. in 2007/08. ared. in u p applications to NZT ct pro y to develop an economic y to develop be To re g u g round information has g p g een prepare ned in its vision. fi been Preliminary meetin held with a ran Back b Fundin were declined due to chan the str fundin the Taupo the Taupo A process f ets Results ets Results Achievemen g the review o f y by February 2007. y by February Plan has Action transformation completed g wellbeing of the Taupo District as de wellbeing of the Taupo activities, for inclusion in as these relate to Council’s outcomes of the Board in so far the LTCCP. development. in economic organisations involved istrict Economic Development istrict Economic Development strate the economic activities that advance or carry out any its discretion promote, At Strategy. District Economic Development and update the Taupo Review budget for achieving the economic development Council a ten-year to Recommend of other the alignment of the strategies Liaise regularly with and encourage Council on economic development. advice to general Provide funding allocation advice to Council. Provide erformance Tar The nature and scope of the activities provided by the Board during the year are by the Board during the year The nature and scope of the activities provided consistent with this intention. been prepared. PERFORMANCE Targets Performance P Completion o Completion of the review of the Taupo D District Economic Development A process for reviewing the 2007. by February Strate Strategy an economic to develop strategy Not Achieved. Results be To Action Plan has transformation been completed Achievement been prepared. been Preliminary meetings have of stakeholders. held with a range Background information has Funding applications to NZTE in 2007/08. were declined due to changes in the structure of the NZTE funding programmes. TAUPO DISTRICT ECONOMIC DISTRICT TAUPO BOARD ADVISORY DEVELOPMENT BACKGROUND is an Advisory Board Advisory Board (TDEDAB) Economic Development District The Taupo Organisation is a Council Controlled District Council. TDEDAB Taupo established by the constitution Act 2002. TDEDAB’s purposes of the Local Government (CCO) for the the independent members and board with four of these for an eight-person provides organisations. of various other four representatives New Zealand Auditors - Audit AND OBJECTIVES SIGNIFICANT POLICIES of people, respecting the values through economic development leadership provide To of life of our of living and quality the standard to improve place and the environment people. this objective. new – it is working toward The Board is relatively AND SCOPE OF ACTIVITIES NATURE District advice to Taupo of the Board is to provide The intended primary responsibility role in economic development. Council on Council’s Other roles include: • • • • • • 149 t s d d res nancial fi g ieve h l s Achieved of g y rmed rmed fi fi st o e Ac l themes Achieve n con d a ournalists Achieved n is in In pro r g j the c g u s and an of lt g d u e et has been 3 nights. Not achi y f c 2% g o o 5 of Maori Cultural of Maori Cultural Achieved . nancial activity, there is no nancial activity, pl fi g g n funded by industry. tar se g g u
with n complete. Achieved d Maori Cultural Trainin Maori Cultural d g carried out, and th carried out, and lementation in the earl lementation in the ist em g hout promotional collatera l se y p g a ress at 30 June 2007 ress at 30 June 2007 on track and oin lace for DLT and i-Site staff. and i-Site lace for DLT g g ecia p p chieve alread balance of the campai for im year. part of the 2007/08 The fundin a the campai Increased to 1.73 nights. Not ach ll Incre of clippin Collection a g o ia g d d in in S ets underway. analysis of EAV 8 k d g i e r me y d o ao e n with pro g pl f M ow trac h the i-SITEs ll o l themes in g ned to ensure a g r e em for i-SITE and for i-SITE On nt u b g lt newspapers an campai ou re this. u d g u m s ears; a f c a ets Results Results ets Achievemen ist to y hts (present) to 1. o ase l g g b ournalists in the 2006/07 completed. j se ns. me e i-SITEs to a e i-SITEs u ecia o from industry. from industry. element with the winter-themed o to ensure increase
uent h p ti g d is. d q t a h se in the ne ci se se n trial, focused on sports clubs gh a g e in NZ- o a b g ement and co-ordination of 12 domestic 14 visits by re t nism t g ss g a u esi rou a azines and the introduction of a s d ormance Tar ormance
h f g a hts by 30 June 2007. Benchmark measurement of the Benchmark measurement of the Benchmarking of Maori Cultural Benchmarkin Achieved Maori cultural training for i-SITE and for i-SITE training trainin Maori cultural Maori cultural Training Ongoing Maori Cultural Achieved d g rran alue from 1 July 2006. These tar hese initiatives are desi hese initiatives he introduction of: he introduction of a “Meet Me in Taupo” he introduction of a “Meet Me in Taupo” Campai he development and execution of and execution he development domestic campai The n incre nd the introduction of a mechanism t n re domestic marketin isits from NZ ear, and the introduction of th ear, er themes in all Increased use of cultural Incre themes Increased use of cultural Achieved A Maori specialist to be employed in A Maori specialist to be employed A Maori s and Specialist employed Achieved tay from 1.7 ni tay ultural product sold throu ultural ampai overa promotional collateral; promotional collateral; throu amount of Maori cultural product sold amount of Maori cultural t product sold in place. in su the Taupo i-SITE; i-SITE; the Taupo staff; DLT under trainin in amount of Maori cultural product sold amount of Maori cultural to allow tracking through the i-SITEs product sold in place. in subsequent years; DLT staff; DLT staff. and i-Site in place for DLT promotional collateral; promotional collateral; are designed to ensure These initiatives an increase in the amount of Maori product sold through the i-SITEs cultural and the introduction of a mechanism to measure this. throughout promotional collateral length of visitor increase the average To from 1.7 nights (present) to 1.8 stay Increased to 1.73 nights. nights by 30 June 2007. Not achieved the Taupo i-SITE; i-SITE; the Taupo under training. As the Board has no assets or liabilities and no performance to report. me length of visitor increase the average To s Increased to 1.73 nights. ni Not achieved T a c a • • •• T •• • • mech T c a y Advertisin measurement of Equivalent V a c ma A v T a 50% fundin and co-ordination of 12 Arrangement visits from NZ journalists in the 2006/07 and the introduction of the completed. year, 14 visits by domestic journalists Advertising measurement of Equivalent from 1 July 2006. These targets Value Collection of clippings and are designed to ensure increased media Achieved underway. analysis of EAV newspapers and in NZ-based coverage a magazines and the introduction of mechanism to measure this. in the early for implementation The introduction of a “Meet Me in Taupo” year. part of the 2007/08 Campaign complete. campaign trial, focused on sports clubs has been The funding target and associations. of the cost of with 52% achieved by industry. the campaign funded The introduction of: Achieved PERFORMANCE Targets Performance P of and execution The development campaign with a domestic marketing industry. 50% funding from domestic campaign is in The 30 June 2007 progress at Results In progress elements with the winter-themed and on track Achievement and the already carried out, con balance of the campaign
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 148 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 151 $
307,330 5 months
4,741,000 4,433,670
2007 2007
Actual Budget 5 months cit) 9,423,310 fi
Net Surplus (de Total revenue revenue Total 9,732,357 Total expenditure Total Balance Sheet as at 30 June 2007 Current assets Current liabilities Equity 309,047 9,722,066 298,746 9,423,320 Financial Performance for the 5 months ended 30 June 2007 Financial Performance $ THE LAKE TAUPO PROTECTION TRUST PROTECTION TAUPO THE LAKE BACKGROUND at the time formed and became operative was (LTPT) Trust Protection Taupo The Lake will 2007. The Trust 9 February Protection Project on Taupo of the Lake of establishment water Taupo’s to protect Lake 14 years the next million fund over administer an $81.5 quality. and the Waikato together with Environment Council is a settlor of the Trust, District Taupo Environment. Ministry for the New Zealand Auditors - Audit SIGNIFICANT POLICIES AND OBJECTIVES of work that will reduce the amount of a programme is charged with developing The Trust the next 14 years. 20% over by into the lake manageable nitrogen leaching of this objective. is newly established. It is too early to assess the achievement The Trust AND SCOPE OF ACTIVITIES NATURE land use change, purchase land and assist will encourage Protection Trust Taupo The Lake that will and fund research and other initiatives catchment, Taupo or nitrogen in the Lake Taupo. nitrogen impact of their activities on Lake assist landowners to reduce the of its activities with is newly established. It is too early to assess the consistency The Trust this intention. PERFORMANCE a not required to have As a result it was 2007. not formed until February was The Trust are no performance measures to be and there year, Statement of Intent for the 2006/07 reported.
t etion l y in g mic 08. ear. / o y n o e comp trate his will follow h the completion S T t . e This will follow ’ nancial performance fi t ear. this ear. n. y o o s ti o mic Ec s a o e Taupo e roup P ie k g n g g rm o s Action ’ District. o ein e District. ute to positive Term Council Term Not applicable b anisations ared this y is complete. Development h nsf b g g p a g strate l re carried out in f the Ec p which will assis g ment of the Action e or ncil within the o e in t e. g p h ress to date ha g u iona mic tr ou g p contri g Enterprise La Enterprise o l ‘ an these links. The C e n with the COBO Plan
h ects will not be carried out of the ntin o o o h p j y Taupo District Taupo anisation is anisation d
o t. t. t h g fi fi e ll e t anisation will be able t anisation will be able op re c d h l ic g r ec o will help contribute to positiv etween t thened in the future. h is nancial activity, there is no nancial activity, o du b ls g fi bl a eve s e Taupo requires positiv e Taupo n f n will d reed timeframes. reed timeframes. k k a a ntil the review een elivere g in economic change in the 2007 l Pro involved. b relationshi Economic Transformation will relationships will be The above stren d a A new or esta This or apply for fundin with the develo Pl is also bein Work and Waikat of Plenty the Bay to into w Pl u Strate Development e Taupo e Taupo economic c ute to wi Taupo h ects by The establishment of Enterprise Lake Not Achieved. j b e in t g contri ll an h rovided within rovided Advice on a structure for economic Achieved. p ets Results Results ets Achievemen at wi g h reed with Council. in the District was development g Term Council Community Plan. Term g anisations. La anisations. g emonstrate positive links with other positive emonstrate The establishment of Enterprise Achieved. istrict Other pro Other istrict dvice to Council 0 June 2007 t ositive economic c ositive r ision in the next release of Council’s ision in the next release of Council’s Communit erformance Tar erformance on dentify and support two pro nclusion of an economic development nclusion of an economic development Not required. No Lon imeframes a imeframes t A D o D Strategy in v L I 3 p positive economic change in the Taupo District Strategy 2007/08. timeframes. links with other positive Demonstrate organisations. The establishment of Enterprise Achieved. Other projects will not be carried out of the until the review of the Economic requires positive Taupo Lake is complete. Strategy Development within Advice to Council provided agreed with Council. timeframes Development Economic agreed Advice on a structure for economic in the District was development Achieved. links between the organisations As the Board has no assets or liabilities and no Progress to date has involved. to report. been due to these links. The relationship with the COBOP group Economic Transformation will also continue. will be relationships The above strengthened in the future. to Council within the delivered I Inclusion of an economic development Inclusion of an economic development vision in the next release of Council’s Council Not required. No Long Term Council Community Plan. Long Term prepared this year. Community Plan Not applicable Identify and support two projects by this year. 30 June 2007 that will contribute to of Enterprise Lake The establishment Not Achieved. Taupo Plan will Targets Performance P Results Plan is being A new organisation Taupo’. Lake established ‘Enterprise will be able to This organisation Achievement which will assist apply for funding of the Action with the development transformation. Plan for economic carried out in is also being Work and Waikato of Plenty the Bay strategies regional to develop Action District’s into which Taupo
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 150 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 153 ned by the Local Government ned by the Local Government fi nition of a CCO. nition fi nition and requirements pertaining to a council-controlled nition and requirements pertaining to a council-controlled fi Act 2002. In February 2006 the Directors of DCSL resolved that it would cease operations. cease operations. that it would resolved 2006 the Directors of DCSL Act 2002. In February the during passed to wind down the company in June 2006, resolutions were Subsequently, 7 of the Local under section is now exempted The company year. course of the 2006/07 2002 from the de Act Government New Zealand Auditors - Audit DATA CAPTURE SYSTEMS LIMITED SYSTEMS CAPTURE DATA BACKGROUND Limited (DCSL). Systems of Data Capture is the 100% owner District Council Taupo Organisation (CCO) as de a Council Controlled DCSL was LIMITED LAKE TAUPO DESTINATION BACKGROUND Limited (DLTL). Taupo District Council is the 100% owner of Destination Lake Taupo It has that is held only for name-protection purposes. company is a non-trading DLTL has passed a resolution under or expenditure, assets or liabilities. Council no revenue organisation, and an exempt Act 2002 making DLTL section 7 of the Local Government it from the de hence removing organisation. Auditors - Audit New Zealand t the community, either community, t the fi 1 t to the share holders in terms of improved level level t to the share holders in terms of improved fi nancial position of to shareholders. fi ow will be maintained so that Achieved fl the Region believe are of value. The objective is to provide the most effective access to the most effective is to provide The objective of value. are believe the Region and to the community using modern technology be of value may information that Regional processes. business case and risk assessment. parties, each depending on a rigorous processes and systems as set up under individual agreements to local authorities outside the under individual agreements to local authorities outside the processes and systems as set up Region. through enhanced services and/or reduced cost. through enhanced services and/or At the time of preparing Council’s Annual Report, the Annual Report of Local Authority Shared Services had not At the time of preparing Council’s Annual Report, the Annual Report of Local of shared services that a majority of local authorities to developing consideration Give them from other these services itself or contract to provide all possible avenues Explore also sell may LASS Region. all local authorities within the Waikato shared services to Provide that will bene Pursue all opportunities to procure shared services
The CEO will provide a written report on the The CEO will provide and business operations Six monthly report prepared and provided PERFORMANCE Targets Performance cash Positive is maintained at a minimum the equity ratio of 40%. annually to ensure Customers will be surveyed The customer survey Not achieved. that there is at least 90% satisfaction with the requirement is being built into a SVDS service services provided. that budgeted Expenditure shall not exceed Actual Outcome is by more than 5% unless prior approval has been expenditure for the year Total obtained from the Directors. budget. controlled and is only 3% over as a minimum on a six monthly basis. LASS contract. The main area where this has occurred is in costs. higher than anticipated administration • • NATURE AND SCOPE OF ACTIVITIES NATURE is to: of the activity of LASS The principal nature and scope • • SIGNIFICANT POLICIES AND OBJECTIVES to local authorities with a vehicle Region Waikato has been set up to provide The company them to local authorities. procure shared services and provide will only be promulgated if under the umbrella of this company The services that will be initiated bene provide the business case shows that they Taupo District Council has a one-thirteenth ordinary shareholding in Local Authority Shared ordinary shareholding District Council has a one-thirteenth Taupo (LASS). Services Limited Aerial Photography Regional shares in the Waikato council also holds service District Taupo activities of the Data Hosting Services (1 share) shares) and the Valuation Services (21,652 of surplus to a share in the distribution no rights give These service shareholdings company. rights. voting provide assets, nor do they New Zealand Auditors - Audit LOCAL AUTHORITY SHARED SERVICES LIMITED SHARED SERVICES AUTHORITY LOCAL BACKGROUND of service or reduced cost. FOOTNOTE 1 been audited, and hence these reported results remain unaudited.
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 152 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 155 MEMBERS AND STAFFING ELECTED uctuation fl $
uctuation reserve fl
uctuation reserve) over the years the years over uctuation reserve) fl uctuation reserve. The uctuation reserve. fl cant items impacting the TEL Fund principal value impacting the TEL Fund principal value cant items ng that was not achieved through capital growth. not achieved ng that was fi fi ation-proo fl cant negative balance at that time was “washed out” “washed into the “losses balance at that time was cant negative gure. fi fi ation proofed sale proceeds be available for distribution each year, with for distribution each year, sale proceeds be available ation proofed fl uctuation reserve (4,500,000) fl ng (temporarily suspended at 1 July 2006) ng (temporarily 14,867,291 fi ation-proo fl
Initial proceeds on sale September 1995 Initial proceeds on sale September In Less: Establishment of of public debt in 2002/03 year Less: Repayment after capital adjustments Fund value time over capital losses on investments Cumulative Value of TEL Fund at 30 June 2007 of TEL Fund at 30 June 2006 Value Comparative: (10,000,000) 61,273,557 (5,094,878) $61,640,848 $57,246,263 $56,545,970
THE TEL INVESTMENT FUND TEL INVESTMENT THE and Electricity Ltd in Taupo sold its investments District Council Taupo 1995, On 5 September of $61.3 million. fund a net investment providing [TEL/TGL] Ltd Generation Taupo in the Treasury income are included investment the use of the capital and The policies regarding that the investment the policies stipulate Amongst other requirements, Management Policy. the in income earned on the distribution determined during the Long Term Council Community Plan / Annual Plan process. Plan / Annual Plan process. Council Community determined during the Long Term the distribution million]. million [budget $4.606 $2.661 was for distribution in 2006/2007 Income available for distribution by did not meet the amount required from the fund received Where the income by a met Annual Plan, the balance was / the LTCCP was also utilised to meet any in also utilised to meet any was With Council’s withdrawal from its managed equities investments in October 2006, the in October investments from its managed equities withdrawal With Council’s reserve which was in a signi which was reserve time” over on investments Taupo/ of the TEL fund capital to repay to use $10 million During 2002/03, Council resolved debt. In addition to that amount, approximately rate general and Mangakino/Pouakani Kaingaroa by the fund (or met by the $40 million has been generated of the TEL Fund’s existence, and utilised for rates subsidy or for contribution to the funding of subsidy or for contribution to the funding for rates existence, and utilised of the TEL Fund’s funding. required rates which would otherwise have capital projects, various $56,545,970 (2006 $57,246,263). The fund at 30 June 2007 was of the The principal value sale proceeds and the other signi cumulative are shown below: the course of its history, over
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 154 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 157 3867681 3868172 3867077 3865079 3865519 3867656 3868176 3868357 3868892 3868892 3867317 3868024
Board Turangi/Tongariro Community Business Private Phone Mr D R Campbell [Deputy] Mr P J Sutcliffe Cr G Keepa Mrs J Lockyer Mrs S McCarthy Cr A T Smallman Mrs M J Smallman Mrs M E Stewart (0274) 905354 3867409 2245413 (027) (0274) 980111 3868301 3867281 COMMITTEE AND COMMUNITY AND COMMITTEE 2007 30 JUNE AT MEMBERS BOARD Committee Regulatory & Hearings Evaluation & Audit Committee R Ormsby JP [Chairman] Cr D C McElwee [Deputy] Cr C E Gathergood Cr A Smallman JP Cr AT [Chairman] Cr A N Welch J Trewavas Cr D M Uvhagen Cr K the Mayor His Worship Cr I M Coulter JP [Deputy] Committee Taupo/Kaingaroa-Mangakino/Pouakani D M Blyth JP Cr [Chairman] Cr S A W Howard G Keepa Cr Cr D M Blyth JP [Deputy] the Mayor His Worship Cr I M Coulter JP E Hickling Cr B Cr A E Gathergood Cr S A W Howard Cr K M Uvhagen Cr C C McElwee Cr B E Hickling Cr D J Trewavas Cr A N Welch the Mayor His Worship Cr D R Ormsby JP[Chairman] 5 1 1 1 2 59 790 8 561 2506 6333 799 8 6 88 60 x a 7 77 7 781939 86830 7 86728 78356 774 37825063 37763333 37679953 37819393 38683013 37887903 386085938 38672813 37835613 37745613 3338063
) 07 ( e 915883 vat i ) 3338063 ) 07 ( 0274 ( 3868301 3783848 ne F o Ph Phone Fax ness Pr i 528104 3767996 980111 3867281
) ) 2245413 2971839 us ) ) B Business Private 0274 027 0274 027 ( ( ( ( 3787787 ) or y Ma y ut p De ( JP 3868176 3868357 ood JP (0274) 418107 (07) 8828222 (07) 882822 3786818 3786818 y g en (0274) 944973 3788515 g g
wee 3788790 3788790 s l th JP 3782727 3788774 r y o
r uncill ayo Cr D J Trewavas Cr D J Trewavas Cr K M Uvha JP Cr A N Welch Cr B E Hicklin Cr S A W Howard Cr G Keepa Cr C C McE Cr D R Ormsb Cr A T Smallman JP (027) 2427837 3781934 M Mr C T A Stent JP Cr D M Bl Cr I M Coulter JP Cr A E Gather 3760830 Councillors Co COUNCIL MEMBERS COUNCIL 2007 30 JUNE AT of the District. the ratepayers and accountable to The Council is responsible JP Cr D M Blyth Cr I M Coulter JP Cr A E Gathergood JP Cr B E Hickling Cr S A W Howard Cr G Keepa Cr C C McElwee Cr D R Ormsby JP Cr A T Smallman JP (0274) 418107 3782727 (Deputy Mayor) Cr D J Trewavas (0274) 528104 Cr K M Uvhagen (07) 8828222 JP 3788774 Cr A N Welch 3767996 3787787 3786818 (027) 2427837 (07) 8828222 3783848 3786818 3781934 3788790 3868176 (0274) 980111 (027) 2245413 3788790 3868357 3867281 3868301 (0274) 944973 (027) 2971839 3788515 (07) 3338063 3338063 (07) Mayor Stent JP Mr C T A 3760830 (0274) 915883
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 156 TUAPO DISTRICT COUNCIL ANNUAL REPORT 2005/6 TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 159 ng at 30 June 2007 ng at 30 fi Comparative at 30 June 2006 Comparative 319.5 COUNCIL STAFF COUNCIL Staf time equivalents] full [Permanent Division Staff No’s by Division and Recreation Community Services & Corporate Finance Services Environmental Services Infrastructure Development Strategic Taupo Lake Destination Turangi Mangakino 119.5 TOTAL 77 51.5 34 8 15 21.5 9.5 336 cant activities. fi Z s o ) Recreation o o & arir n akin g g ass Hons P g l e P En i/Ton 1st c C g ( cer cer er Man fi fi f g , MICE n O g n s bell er Destination Lake Taup er Destination Lake y , MBS p g ennet er – Infrastructure Services er – Infrastructure er - Environmental Services er - Environmental er - Community er - Finance & Corporate Service er - Finance & Corporate ree g s g g g g h od er Turan tive tive G g u En e l CA E, BE, MIPENZ, C A, an J Men areth W nne McLe eputy Chief Executiv Z Sc Civi REP(Hons), PGradDip(Dispute Resolution), MNZPI, AAMIN MNZPI, Resolution), REP(Hons), PGradDip(Dispute Sc(Hons), CEn Sc, Dip P MS Soc Work, LB ohn W Cam Rob T Williams Of Chief Executive MICE BSc(Hons), CEng, Anne McLeod Deputy Chief Executive Sc, Dip PP MS B Soc Work, Alan J Menhennet Services Group Manager - Finance & Corporate BCA, CA Gareth W Green Services Group Manager - Environmental AAMINZ MNZPI, Resolution), BREP(Hons), PGradDip(Dispute Peter M Martyn Recreation Group Manager - Community & LLB Scott Lee Taupo Destination Lake Manager General Edward (Ted) J Anderson Services Group Manager – Infrastructure B Sc Civil Eng, MBS(1st class Hons) John W Campbell Area Manager Turangi/Tongariro CP Eng BE, MIPENZ, NZCE, Tina L Jakes Community Manager Mangakino JP JP J Area Mana N Tina L Jake Community Mana General Mana General Edward (Ted) J Anderso Group Mana B Peter M Mart Group Mana L Scott Le Group Mana BC G Group Mana B B A D B Al Rob T William Chief Exec Council (elected members) appoints a Chief Executive to manage the operations of Council the operations to manage members) appoints a Chief Executive Council (elected has in 2002. The Chief Executive Act S42 of the Local Government of under the provisions signi of Council’s group managers to manage each turn appointed COUNCIL MANAGEMENT COUNCIL
TAUPO DISTRICT COUNCIL ANNUAL REPORT 2006/07 158