At a Glance


Delivering value for money

It’s the Council’s job to enable democratic local decision-making and meet the current and future needs of our communities for local infrastructure, public services and regulatory functions in the most cost-effective way.

This Annual Plan delivers on that. Its adoption follows extensive consultation and the broad programme of services it contains represents great value for money:

The plan equates to $5.56 per resident per day.1

Governance

​We inform residents and make decisions about the city’s future, through elections, consultation, engagement, our website, publications and other channels.

 

2014/15 operating cost:
$15m ($73 per resident, $0.20 per resident per day)

Environment

We supply water to the city’s homes and businesses and safely dispose of stormwater, wastewater and solid waste. We support conservation-based visitor attractions such as Wellington Zoo, Zealandia and four botanical gardens. We provide over 40 square kilometres of Town Belt and reserve land, parks and coastline. We offer grants for environmental initiatives and promote energy efficiency, urban ecology and sustainability.

 

2014/15 operating cost:
$150m ($729 per resident, $2 per resident per day)

Economic Development

We support major events and facilities such as Te Papa and the Wellington venues that attract visitors and spending to the city. We fund tourism promotion and keep the city centre vibrant by providing free weekend parking. We also provide grants for projects with economic benefits.

 

2014/15 operating cost:
$38m ($184 per resident, $0.50 per resident per day)

Cultural Wellbeing

We fund the city’s art galleries and museums, operate Toi Pōneke Arts Centre, support the New Zealand Festival and the New Zealand Symphony Orchestra, operate the City Archives, provide cultural grants and support a wide array of community events and festivals.

 

2014/15 operating cost:
​$18m ($89 per resident, $0.24 per resident per day)

Social and Recreation

We provide the city’s sportsfields, swimming pools, recreation centres, playgrounds and libraries. We also provide over 2300 homes and protect public health and safety by monitoring the city centre, controlling liquor and food sales, regulating public health risks, providing toilets and preparing the city to deal with emergencies such as earthquakes.

 

2014/15 operating cost:
​$103m ($501 per resident, $1.37 per resident per day)

Urban Development

We guide and regulate building and land development, enhance the waterfront and other public areas, and protect the city’s built heritage.

 

2014/15 operating cost:
​$36m ($174 per resident, $0.48 per resident per day)

Transport

We look after more than 650km of streets and roads, as well as footpaths, cycle lanes, traffic signals and car parks. We also support public transport through measures such as bus lanes and shelters.

 

2014/15 operating cost:
$57m ($279 per resident, $0.76 per resident per day)

Sticking to our targets

The Annual Plan sets out the Council’s activities and budget for the 2014/15 financial year. It builds on the priorities and financial limits that are established in the Long-term Plan.

In the 2012-22 Long-term Plan we had a forecast rates increase of 3.17 percent for 2014/15. A review of priorities and spending has reduced this to 2.49 percent. This sits just below our rates limit of 2.5 percent (after factoring in growth in the ratepayer base).

Our net borrowings sit well within the limits we have set. Our borrowings are at 100 percent of income. This is close to our operating target of less than 105 percent but well within the prudential limit of less than 150 percent. As a percentage of equity, the borrowings sit at 6 percent.

The Budget at a GlanceTop

Operational expenditure budget: $404.2 million

Capital works budget: $152.0 million2

Total forecast borrowings: $404.2 million

Total assets: $7.3 billion

Average rates increase total: 2.49%

Rates differential: 2.8:13

Average rates impacts subject to changes in valuations:

residential sector: 2.35%
commercial sector: 2.70%
Net operating surplus: $26.3 million4

Indicative Residential Property Rates (properties without a water meter and inclusive of GST)5Top

Capital values
2014/15
$
Total rates
2014/15
$
200,000 1,081
300,000 1,481
400,000 1,881
500,000 2,281
600,000 2,680
700,000 3,080
800,000 3,480
900,000 3,880

Where The Money GoesTop

pie-operational-expenditure-by-activity-areas

Where The Money Comes FromTop

pie-operational-expenditure-by-funding-source

1Total operating expenditure divided by resident population of 205,345 (Forecast I.D) and divided by 365 days.
2Excludes carry forwards and loans to other organisations.
3Our rating policy sees the commercial sector paying 2.8 times the general rates of a residential ratepayer on a property of equal value. This differential has been substantially reduced over time.
4The surplus primarily relates to an accounting practice that means funding received for specific capital projects (ie Housing New Zealand grants, development contributions, New Zealand Transport Agency subsidies) are recognised as income.
5Note – these indicative rates are subject to change. These will be updated to reflect the rates resolution to the Council on 18 June 2014.