range from laboratory accreditation, professional standards and systems to legal standards and benchmarking surveys. Overarching these procedures, acceptance of performance by the Councillors on behalf of the regional community is acceptance of the overall quality of performance Location–in all cases where a location is specified, the target is to deliver the service in that location. COMMON ASSET INFORMATION For each group of activities the Council is
procedures, acceptance of performance by the Councillors on behalf of the regional community is acceptance of the overall quality of performance Location–in all cases where a location is specified, the target is to deliver the service in that location. COMMON ASSET INFORMATION For each group of activities the Council is required to identify the assets or groups of assets required by the group of activities and identify, in relation to those assets or groups of
2.12:1 1.72:1 1.53:1 1.55:1 4.96:1 2.97:1 2.2:1 2.6:1 5.5:1 Total assets $84.3m $80.4m $83.1m $80.9m $79.6m $78.4m $74.2m $74.5m $71.9m $69.4m $66.2m Public debt $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Public debt to total assets 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% page 19 AUDIT REPORT Working with people|caring for Taranaki INDEPENDENT AUDITOR’S REPORT To the Readers of Taranaki Regional Council and Group’s Annual Report for the Year Ended 30 June 2015
RTC Agenda April 2024
1,091,662 1,091,662 0 3,274,985 3,274,986 -1 4,366,647 Direct charges revenue 756,714 172,076 584,638 3,573,676 2,941,630 632,046 12,820,150 Government grants 235,540 174,060 61,480 4,061,668 3,889,645 172,023 5,229,709 Vested assets 0 0 0 0 0 0 0 Total income 5,410,525 8,579,559 -3,169,034 27,209,578 30,355,106 -3,145,528 47,208,154 Operating surplus/(deficit) before finance income/expenses & taxation 2,174,111 5,112,732 -2,938,621 1,447,929 2,212,944 -765,015
performance by the Councillors on behalf of the regional community is acceptance of the overall quality of performance Location–in all cases where a location is specified, the target is to deliver the service in that location. COMMON ASSET INFORMATION For each group of activities the Council is required to identify the assets or groups of assets required by the group of activities and identify, in relation to those assets or groups of assets: how the local authority will assess and …
a management agreement with the Trust to operate the stadium and to undertake asset management. The New Plymouth District Council funds these activities. The East and West Stands have been declared earthquake prone buildings. The East Stand cannot be used and the West Stand is available only in a very limited capacity. The Council and the Stadium The Taranaki Events Centre Trust, a private body set up for the specific purpose, developed and built the Stadium almost 20 years ago
we’ll see visitor numbers rise even further as a result. Strong financial position The Council finished the 2018/2019 financial year with a surplus of $5.99m. This result was strongly and favourably influenced by property and asset revaluations ($1.45m), dividends in excess of budget ($1m) and unbudgeted revenue following enactment of the New Plymouth District Council (Waitara Lands) Act 2018 ($2.5m). This latter income is to be applied for specific purposes in the Waitara
$12.1m Percent change 8.6% 7.3% 1.30% 7.0% 9.97% 6.12% 11.63% 9.62% 17.65% 12.39% 12.04% Operating surplus/(deficit) $0.97m $0.35m $0.76m $1.4m $1.6m $0.32m $2.9m ($0.5m) $1.3m $2.61m $1.75m Working capital $11.0m ($0.2m) $9.0m $4.28m $2.53m $2.21m $1.84m $10.6m $4.93m $3.1m $4.8m Current ratio 3.78:1 0.94:1 3.11:1 2.12:1 1.72:1 1.53:1 1.55:1 4.96:1 2.97:1 2.2:1 2.6:1 Total assets $85.1m $83.6m $84.3m $83.1m $80.9m $79.6m $78.4m $74.2m $74.5m $71.9m $69.4m Public debt $0
in simple graphic form. But in three important areas, we saw outstanding developments that we believe put Taranaki in a league of its own. These merit detailed discussion below. We also share the regional public’s disappointment over developments at Yarrow Stadium, an asset that’s owned by a Trust controlled by this Council. With the two grandstands found to be earthquake-prone and subsequently closed, we are working closely with partners and stakeholders