A meeting of the Council’s Finance, Strategy and Development Committee is set down for 9 February 2012 [Agenda].
Report – FSD – 09/02/2012 (PDF, 199.9 KB)
LTP 2012/22 Draft Financial Strategy
From the report summary:
“Amendments to the Local Government Act in 2011 brought in a requirement for a Financial Strategy to be part of the Draft Long Term [Council Community] Plan. A Financial Strategy must make certain disclosures about population growth, infrastructure expenditures and any other significant factors. Subsequent Annual Reports then must disclose the extent to which compliance with the Strategy was achieved and explain variances.
“The Financial Strategy requires a statement in the LTP that quantifies the limits on rates, rate increases and borrowing. In the same statement the Council has to assess its ability to maintain service levels and meet additional demands within the rates limits previously stated.”
Disclosures? This is unheard of at Dunedin City Council. How much will be left off the public record this time? Another Athol Stephens sleight of hand?
Posted by Elizabeth Kerr