Do you believe “anything” Audit New Zealand says after DCC decided to build the stadium with such a BAD business case? NOPE
[NZ Farce] Ratepayers needed to know they were getting as good a service as any other ratepayers would get from other councils. –Lothian
### ODT Online Wed, 28 May 2014
Financial stability still a risk, committee told
By Debbie Porteous
Financial sustainability, a new funding model for Forsyth Barr Stadium and detecting potential fraud might be its highest priorities risks, Audit NZ has suggested to the Dunedin City Council’s new audit and risk subcommittee. Complying with legislation was not such an issue for the council, but it should work on putting all its management policies and procedures into one document so there was broad understanding of everything happening in that area, Audit NZ audit director Ian Lothian said.
Audit and Risk Subcommittee:
Susie Johnstone, chairwoman (accountant)
Cr Richard Thomson
Cr Chris Staynes
Cr Hilary Calvert
Janet Copeland (employment law specialist)
● City councillors may attend all meetings of the subcommittee.
Posted by Elizabeth Kerr