The Dunedin City Council faces a financial meltdown of unprecedented proportion; a squalid bankruptcy of governance the cause. No-one knows the true dollar scale of the problem and many of the accounts are closed to public scrutiny.
In the absence of a fully developed all-encompassing strategy to bring order to the books, the implication is the Council will leave it to generations of ratepayers to foot the bills. The cost will be to every citizen. In effect, that’s what the Forsyth Barr Stadium Debt Servicing Plan report to this week’s Finance Strategy and Development Committee says. The dangers of isolationist hands-off thinking.
Warren Larsen Report
Governance review of all companies in which Dunedin City Council and/or Dunedin City Holdings Limited has an equity interest of 50% or more.
From the time Larsen’s recommendations were adopted (Stuff 12.8.11), how long for the Council to ring changes? 6 months, a year? Longer, after the councillors are voted out or forcibly removed?
The lack of outward communication appears contrary to the imperative of Larsen’s report. By now, surely Council has an indicative critical path for release to the concerned public.
What are some ‘unearthing’ options for information?
Pin Mayor Dave Cull for the timeline to effect Larsen recommendations.
Commissioner / Panel.
Independent senior business commentators to talk through details of logistical steps Council must take (in response to Larsen) to get its books in order – to avoid and retire cumulative debt, at the same time manage/streamline all Council business.
It’s all about a local authority corporate re-structure, involving large sums of borrowed money to clear. It includes identifying elements of usury, mis-spending, laundering, corporate fraud, deceit, ignorance, and incompetence; and, above all, hammering with all firepower what continues as Council’s unethical immoral avoidance of the fiduciary duty of care to Community.
A clear interpretation of what is now, what has been, and what lies ahead will be difficult if not impossible to achieve while obfuscation continues at DCC, DCHL, DVML, DVL, CST, and related entities.
It’s a chill air at Dunedin.
Posted by Elizabeth Kerr