Tag Archives: City Treasury

DCTL: New treasury manager

Dunedin City Council – Media release
DCC Appoints Treasury Manager

This item was published on 10 Sep 2014

Richard Davey has been appointed to the new position of Dunedin City Council Treasury Manager. Mr Davey, who is originally from Dunedin, has had more than 21 years of banking experience in New Zealand and Australia. His experience centres on dealing with corporate treasuries and solving their risk management and funding issues.

As Treasury Manager, Mr Davey will oversee Dunedin City Treasury Ltd – a DCC-owned company provides funding and financial services to other companies in the Dunedin City Holdings Ltd group. Mr Davey will report to Group Chief Financial Officer Grant McKenzie.

Mr McKenzie says, “We are delighted to announce Mr Davey’s appointment. His extensive skills and experience mean he will be a welcome addition to the DCC’s financial team.”

Mr Davey says, “I am very pleased to be part of the DCC’s financial team, especially given the diverse treasury operations and exposures the group has. It’s also pleasing to be able to live in Dunedin and progress my career further with the Council.”

Mr Davey was most recently Director Corporate and Institutional Markets with the National Australia Bank in Melbourne. He has a Bachelor of Commerce and a Postgraduate Diploma in Commerce from the University of Otago.

The new Treasury Manager role was created following the retirement of Dunedin City Treasury Ltd Chief Executive John Knight, who left last month. Mr Davey starts in his new role on Monday, 15 September.

Contact Group Chief Financial Officer on 03 477 4000.
DCC Link

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### dunedintv.co.nz September 11, 2014 – 5:56pm
DCC in a better financial position
The Dunedin City Council is in a better financial position than it had forecast for the financial year just finished. An interim result for the council during the last twelve months was presented to councillors this week. And while there are things to be celebrated, it’s not all good news on the council’s books.
Video

Report – FIN – 08/09/2014 (PDF, 2.3 MB)
Interim Financial Result – 12 Months to 31 June 2014

Report – FIN – 08/09/2014 (PDF, 668.6 KB)
Financial Result – 1 Month to 31 July 2014

Report – FIN – 08/09/2014 (PDF, 391.2 KB)
Waipori Fund Quarterly Report to June 2014

Related Posts and Comments:
23.8.14 DCC public finance forum 12.8.14 (ten slides)
14.10.13 DCC: New chief financial officer

Posted by Elizabeth Kerr

*Image: odt.co.nz (tweaked by whatifdunedin) – Richard Davey

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Filed under Business, DCC, DCHL, DCTL, Economics, Name, New Zealand, People, Politics, Project management, What stadium

DCC: New audit and risk subcommittee a little too late !!

Dunedin City Council – Media Release
Audit and Risk Subcommittee Appointment Made

This item was published on 26 Feb 2014

The Dunedin City Council has appointed the first of two independent members to its new Audit and Risk Subcommittee. Susie Johnstone, who is managing partner of accounting firm Shand Thomson, Balclutha, has been appointed by the Council as Subcommittee Chair.

Mayor of Dunedin Dave Cull says Mrs Johnstone has a great deal of experience leading audit and risk committees across a range of public sector entities. “We are very fortunate to have someone of Mrs Johnstone’s calibre on the Subcommittee. Her skills, attributes and knowledge will be of huge benefit to the Subcommittee’s work.”

Mrs Johnstone is Deputy Chair of the Otago Polytechnic Council and a director of REANNZ, which is responsible for the provision of an advanced high capacity internet service to the New Zealand research and education communities. She is a Fellow of the New Zealand Institute of Chartered Accountants and a member of its Governance Committee. She has also served on the boards of Tourism New Zealand, the Southland, Otago and Southern District Health Boards, the New Zealand Blood Service and the New Zealand Hockey Federation.

Mrs Johnstone says, “I am looking forward to working with Council and am supportive of their increasing focus on the governance aspects of audit and risk. These matters tend to fly below the radar until something doesn’t go so well so the Council is to be commended for taking the initiative in this area.”

The Audit and Risk Subcommittee has been set up to provide the Council with a degree of comfort that risk is being managed appropriately within the organisation. The Subcommittee’s responsibilities include risk management and internal control and it will oversee governance policies in areas such as conflict of interest, insurance, procurement, risk, fraud, and health and safety. It will also include oversight of the Annual Report.

The Subcommittee will report directly to the Council.

At this stage, the Subcommittee members are Mrs Johnstone, Cr Richard Thomson, Cr Hilary Calvert and Deputy Mayor Chris Staynes. The Council will shortly publicly advertise for a second independent member.

Contact Mayor of Dunedin on 03 477 4000.

DCC Link

Posted by Elizabeth Kerr

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Cull’s state of denial…

See previous post:
24.9.12 DCC against imposition of local government reforms

Comment received.

Calvin Oaten
Submitted on 2012/09/25 at 7:43 pm

Dave Cull and Paul Orders submitting on the proposed local government reforms to a select committee hearing is entertaining to say the least.
Dave says “the DCC should be left to tackle debt levels and rates rises without new controls imposed by the Government”. Is he ‘avin a laugh’? It is just that which brought about the Government’s interest in this problem in the first place. He says rates and debt were two issues already at the top of his council’s agenda, and the Government’s proposed changes risked “unintended negative consequences”. He’s ‘avin a laugh again’. The man’s sense of humour knows no bounds. The proposed limit on rates rises would erode council’s previously “unfettered” ability to raise revenue through rates, he says. It’s almost like he is in a ‘drug rehabilitation programme’ and is in denial about his addiction. Classic response, don’t admit any problem, just leave me alone and I will sort it.
Sorry Dave, but you and your equally drug driven cohorts are in serious denial and the citizens are paying a very big price. He worries that to restrict them now would upset the ‘drug peddlers’ (banks) and cause the price to rise. That, of course would increase the pain and he just couldn’t stand that. It would seriously affect his sense of wellbeing and confidence in his own ability. The man is desperately in need of being loved by all.
Lee Vandervis, as our only hope, I hope you can mediate around that table and get some traction. I am not holding my breath.

Posted by Elizabeth Kerr

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DScene: What’s a nice wee loan between friends

Councillors spoken to by D Scene were unaware of the loan.

### DScene 15-6-11
Butler questioning $1.4m loan for stadium seating (page 3)
Former Stop the Stadium head Bev Butler is questioning a $1.4m commercial loan for temporary seating at the [Otago] Stadium. Dunedin City Council (DCC) council-controlled management company Dunedin Venues Management Ltd (DVML) borrowed money for east stand temporary seating. Butler questioned whether DVML had the authority to borrow the money, as the venues company’s Statement of Intent noted spending of more than a million dollars by DVML needed DCC approval.
{continues} #bookmark

Register to read DScene online at
http://fairfaxmedia.newspaperdirect.com/

Posted by Elizabeth Kerr

3 Comments

Filed under Architecture, Construction, Design