The stadium had an effect on the surplus…
### ODT Online on Tue, 4 Aug 2009
Timing issues cited in $13m DCC operating surplus drop
By David Loughrey
The Dunedin City Council’s operating surplus was almost $13 million less than expected at the end of the financial year, but timing issues, rather than budgetary problems, are mostly to blame, the council says. The surplus at the end of June was $4.7 million, compared with an expected $17.5 million.