LGOIMA Request Details

Date Received:23/03/2022
Date Responded:
Requester Name:Levi Gibbs
Organisation:New Zealand Taxpayers Union
Requested Information:Budget Information
Response:

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The Response to your questions are as below:

1) As provided in spreadsheet attached

2) Depreciation on all of the above assets are included. The Balanced Budget Calculation has been stipulated by Governor-General via the Local Government (Financial Reporting and Prudence) Regulations 2014 section 19. Also pursuant to subsection(1) of section 100 of the Local Government Act "A local authority must ensure that each year's projected operating revenues are set at a level sufficient to meet that year's projected operating expenses." Capital subsidies are part of the operating revenue however Vested Assets and Asset Revaluations are outside of Operating Revenues as per GAAP.

3) In line with requirements Local Government (Financial Reporting and Prudence) Regulations 2014 section 19. Detail available on page 8 of the Financial Strategy.  Financial-Strategy-2021.pdf (mdc.govt.nz)

4) This information is available from the below report on page 232 of the 2021-2031 10 Year Plan as per Local Government (Financial Reporting and Prudence) Regulations 2014 section 19. 10_Year_Plan_2021-2031.pdf (mdc.govt.nz)

5) This information is available from below report of page 150 of the Annual Report as per Local Government (Financial Reporting and Prudence) Regulations 2014 section 19. Annual-Report-2020-21.pdf (mdc.govt.nz)

6) This information is available from below report of page 150 of the Annual Report as per Local Government (Financial Reporting and Prudence) Regulations 2014 section 19. Annual-Report-2020-21.pdf (mdc.govt.nz)

7) This information is available from the below report on page 232 of the 2021-2031 10 Year Plan as per Local Government (Financial Reporting and Prudence) Regulations 2014 section 19. 10_Year_Plan_2021-2031.pdf (mdc.govt.nz)


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