Tag Archives: Council controlled organisation

DCC: DCHL half year result to 31 December 2015

Council Chamber, Municipal Chambers, Dunedin [architecturenow.co.nz] 1Council Chamber, Municipal Chambers [via architecturenow.co.nz]

Dunedin City Council – Media Release
Dunedin City Holdings Limited Half Year Result to 31 December 2015

This item was published on 22 Feb 2016

Dunedin City Holdings Limited has reported a surplus of $8.7 million for the six months to December 2015.

The financial result was the first with the inclusion of both Dunedin Venues Limited (DVL – the company that owns the Forsyth Barr Stadium and is the landlord) and Dunedin Venues Management Limited (DVML – the event management company, which currently operates out of the Stadium and the Dunedin Centre) are now included in the Dunedin City Holdings Limited group of companies.

The net surplus for the group has decreased from the $10.1 million reported in the six months to 31 December 2014. Including the impact of DVL and DVML though, ie a like for like comparison, reveals a $2.7 million increase in surplus for the six months.

The continuing recent trend of debt reduction has also been a highlight of the financial period. Total debt has decreased from $593 million at the end of June 2015 to $588 million at the end of December, a $5 million decrease.

Dunedin City Holdings Limited Chairman Graham Crombie says, “It is pleasing to once again be able to show an improved financial result for the group. The like for like increase in surplus for the group, along with the reduction in debt levels, continues to reflect the improvement in the overall financial performance of the individual companies within the group.”

Aurora Energy Limited’s profit is down slightly on the previous year, but revenue has continued to grow. The company is continuing its major asset improvement and renewal programme, which is forecast to involve $372 million of expenditure over a 10 year period.

Improvements in both international and domestic demand, and a fall in the New Zealand dollar, were key factors for City Forests Limited. Along with reduced costs because of lower fuel prices and international shipping rates, this has led to healthy increase in surplus. The company’s net surplus has increased from $3.7 million in 2014 to $5 million in 2015.

Delta Utility Services Limited has also experienced a slight decrease in surplus for the six months, but continues to be in line with budget expectations. The company continues to develop its asset management, energy and environmental divisions.

Taieri Gorge Railway Limited has experienced an increase in revenue for the six months, reflecting a 10.2% increase in passenger numbers. Cost pressures over the reporting period have resulted in the surplus for the period being down compared with the same period last year.

The impact of increased event income, along with the implementation of the recommendations of the Dunedin City Dunedin Council’s Stadium review, has seen a significant increase in DVML’s financial result. The company has moved from a $1 million loss in 2014 to a reported six month surplus of $300,000. Mr Crombie says this is a significant turnaround for the company.

DVL has reported a net loss of $4 million compared to a loss of $4.4 million for the corresponding six month period last year. This is largely due to the impact of the Stadium review.

A rise in operating revenue, along with a decrease in interest costs, has resulted in an increase in the financial performance of Dunedin International Airport.

Contact Graham Crombie, Chairman Dunedin City Holdings Limited on 477 4000.

DCC Link

The Delta Affair by Douglas Field 23.2.16The Delta Affair [Douglas Field 23.2.16]

OTAGO DAILY TIMES
Corresponding DCC/DCHL reports below this group of news stories.

Councillors celebrate, criticise
By Chris Morris on Tue, 23 Feb 2016
A surplus of $8.7million delivered by the Dunedin City Council’s group of companies was cause for celebration and angst yesterday. The divergent views came as councillors discussed the results from Dunedin City Holdings Ltd and its subsidiaries for the six months to December 31 last year at yesterday’s full council meeting.

Delta loss could top $20 million
By Chris Morris on Tue, 23 Feb 2016
Delta’s potential loss from a stalled Christchurch subdivision could top $20 million, and was still growing as the company pumped more money in to secure its position, it has been confirmed. But the Dunedin City Council-owned company has all but given up already on recovering at least part of what it is owed, which is included as a “doubtful debt” on the company’s books.

DCC stating expectations
By Chris Morris on Tue, 23 Feb 2016
The Dunedin City Council is moving to spell out the expectations it has from its companies for the first time. But the move has already been dismissed as window-dressing by Cr Lee Vandervis, prompting a debate at yesterday’s full council meeting.

Conflict policy code reworking requested
By Vaughan Elder on Tue, 23 Feb 2016
Fears of unintended consequences caused Dunedin city councillors to request more work be done on a code of conflict policy. The policy, which consolidates the management of staff conflicts of interest in one document, was considered for adoption at yesterday’s meeting, but was sent back to chief executive Sue Bidrose.

Councillors back rounding of pool charges
Tue, 23 Feb 2016
Dunedin City councillors have supported rounding pool charges to the closest 50c. Council staff said rounding pool charges would simplify the cash handling process for customer service staff and result in quicker transactions for people paying with cash.

Dunedin stadium in the black
By Chris Morris on Mon, 22 Feb 2016
The company running Dunedin’s Forsyth Barr Stadium has turned a $1 million loss into a six-figure profit, and is forecasting greater returns in future.
The result came as the Dunedin City Council’s group of companies released their latest six-month reports and statements of intent, which will be discussed at today’s full

Conflicts of interest policy
By Chris Morris on Mon, 22 Feb 2016
Dunedin city council staff could be forced to resign under a new conflicts of interest policy to be considered by councillors today. The new policy would cover all council staff and contractors, but not councillors, who would be the subject of a separate report still being prepared.

DUNEDIN CITY COUNCIL
A full council meeting was held on Monday, 22 Feb 2016, starting at 1:00 pm.

Agenda – Council – 22/02/2016 (PDF, 53.7 KB)

Report – Council – 22/02/2016 (PDF, 63.8 KB)
Dunedin City Holdings Ltd Financials for the Six Months Ended 31 December 2016

Report – Council – 22/02/2016 (PDF, 542.4 KB)
Dunedin City Holdings Ltd Six Months Financial Statements for the Period Ended 31 December 2015

Report – Council – 22/02/2016 (PDF, 66.1 KB)
Dunedin City Holdings Ltd Group of Companies Financials for the Six Months Ended 31 December 2015

Report – Council – 22/02/2016 (PDF, 2.0 MB)
Aurora Energy Ltd Six Months Financial Statements for the Period Ended 31 December 2015

Report – Council – 22/02/2016 (PDF, 206.1 KB)
City Forests Ltd Six Months Financial Statements for the Period Ended 31 December 2015

Report – Council – 22/02/2016 (PDF, 2.5 MB)
Delta Utility Services Ltd Six Months Financial Statements for the Period Ended 31 December 2015

Report – Council – 22/02/2016 (PDF, 191.6 KB)
Dunedin City Treasury Ltd Six Months Financial Statements for the Period Ended 31 December 2015

Report – Council – 22/02/2016 (PDF, 1.1 MB)
Dunedin International Airport Ltd Six Months Financial Statements for the Period Ended 31 December 2015

Report – Council – 22/02/2016 (PDF, 493.6 KB)
Dunedin Venues Ltd Six Months Financial Statements for the Period Ended 31 December 2015

Report – Council – 22/02/2016 (PDF, 314.9 KB)
Dunedin Venues Management Ltd Six Months Financial Statements for the Period Ended 31 December 2015

Report – Council – 22/02/2016 (PDF, 583.3 KB)
Taieri Gorge Railway Ltd Six Months Financial Statements for the Period Ended 31 December 2015

Report – Council – 22/02/2016 (PDF, 174.4 KB)
Dunedin City Council’s Letter of Expectations for 2016/17

Report – Council – 22/02/2016 (PDF, 68.3 KB)
Draft Statement of Intent – Dunedin City Holdings Ltd

Report – Council – 22/02/2016 (PDF, 192.0 KB)
Dunedin City Holdings Ltd Draft Statement of Intent 2017

Report – Council – 22/02/2016 (PDF, 828.7 KB)
Aurora Energy Ltd Draft Statement of Intent 2017

Report – Council – 22/02/2016 (PDF, 192.7 KB)
City Forests Ltd Draft Statement of Intent 2017

Report – Council – 22/02/2016 (PDF, 111.3 KB)
Delta Utility Services Ltd Draft Statement of Intent 2017

Report – Council – 22/02/2016 (PDF, 92.5 KB)
Dunedin City Treasury Ltd Draft Statement of Intent 2017

Report – Council – 22/02/2016 (PDF, 1.6 MB)
Dunedin International Airport Ltd Draft Statement of Intent 2017

Report – Council – 22/02/2016 (PDF, 50.3 KB)
Dunedin Venues Ltd Draft Statement of Intent 2017

Report – Council – 22/02/2016 (PDF, 119.1 KB)
Dunedin Venues Management Ltd Draft Statement of Intent 2017

Report – Council – 22/02/2016 (PDF, 70.4 KB)
Taieri Gorge Railway Ltd Draft Statement of Intent 2017

Report – Council – 22/02/2016 (PDF, 130.6 KB)
Conflicts of Interest Policy (Council Officers)

Report – Council – 22/02/2016 (PDF, 1.7 MB)
Wastewater Connection to 38 Church Hill Road

Report – Council – 22/02/2016 (PDF, 84.1 KB)
Community Engagement Plan for 2016/17 Annual Plan

Report – Council – 22/02/2016 (PDF, 295.4 KB)
2016/17 Aquatics Fees – Options for Annual Plan Consultation

█ Source: DCC webpage

Posted by Elizabeth Kerr

36 Comments

Filed under Business, DCC, DCHL, DCTL, Delta, Democracy, Dunedin, DVL, DVML, Economics, Infrastructure, Media, Name, New Zealand, People, Politics, Project management, Property, Resource management, Site, Stadiums, Tourism, Town planning, Transportation

Dunedin water assets

CAN CITIZENS TRUST DUNEDIN CITY COUNCIL ???

“It’s a major decision for the council. It involves a big chunk of the operation, not only in monetary terms but in staff terms as well, and we want to make sure we get it right.” -Cr Andrew Noone

### ODT Online Thu, 16 Aug 2012
DCC prepares to unveil water plan
By Chris Morris
The Dunedin City Council faces a “pretty major” decision when plans for the management of the city’s $1.6 billion water network are finally revealed, Cr Andrew Noone says. Cr Noone is the chairman of a council working party that has – since January last year – been scrutinising alternative proposals for the future of the network. Options included the creation of a council-controlled organisation (CCO) to manage the network, as well as a bid late last year by another council company, Delta, to provide the council’s water services instead.
Read more

Comments by Rob Hamlin:

27.6.12 Insuring infrastructure assets
https://dunedinstadium.wordpress.com/2012/06/21/dcc-long-term-plan-201213-202122-and-more/#comment-25123

29.5.12 Assets: city water and sewage system
https://dunedinstadium.wordpress.com/2012/05/29/asset-sales-would-daves-council-sell-us-up/#comment-24332

2.11.11 SCF, DCHL, threat to council assets
https://dunedinstadium.wordpress.com/2011/11/01/dunedin-city-holdings-limited/#comment-19561

19.10.11 Feral ‘Great and the Good’ (G&G) motives
https://dunedinstadium.wordpress.com/2011/08/20/your-city-what-future-broke-council-means-corporatising-our-water-doesnt-it/#comment-19308

19.10.11 The Delta CCTO/CCO option
https://dunedinstadium.wordpress.com/2011/08/20/your-city-what-future-broke-council-means-corporatising-our-water-doesnt-it/#comment-19301

26.9.11 DCHL and the Companies Act
https://dunedinstadium.wordpress.com/2011/09/26/private-sector-funding-donations-to-stadium-construction/#comment-18931

13.4.11 Water and sewage are natural monopolies
https://dunedinstadium.wordpress.com/2011/01/22/our-water-assets/#comment-16612

13.3.11 Stadium, no slowdown in DCC spending
https://dunedinstadium.wordpress.com/2011/03/11/stadium-funding/#comment-16118

24.1.11 Water, as a basic necessity
https://dunedinstadium.wordpress.com/2011/01/22/our-water-assets/#comment-15358

16.1.11 Dear Richard… “the primary responsibility of Council”
https://dunedinstadium.wordpress.com/2011/01/15/just-when-dcc-thought-no-one-was-watching/#comment-15185

Posted by Elizabeth Kerr

30 Comments

Filed under Business, DCC, DCHL, Economics, Geography, Media, Name, People, Politics, Project management, Property, Site, Sport, Stadiums, Town planning, Urban design, What stadium

Audit New Zealand requires DCC to write to DVML

“DCC here, about the advances . . .”

### ODT Online Fri, 18 Feb 2011
DVML to get ‘letter of comfort’
By David Loughrey
The Dunedin City Council has been required to write a “letter of comfort” to Dunedin Venues Management Ltd, the company set up to run the Forsyth Barr Stadium. The letter, to the directors of the council-controlled organisation, has been called for by Audit New Zealand. Both Audit NZ and council acting chief executive Athol Stephens said yesterday the requirement was not uncommon, and Mr Stephens described it as a “formality”.
Read more

Report – Council – 21/02/2011 (PDF, 57.5 KB, new window)
Audit New Zealand Requirement for a Letter of Comfort

Posted by Elizabeth Kerr

Leave a comment

Filed under DVML, Economics, Project management, Stadiums

Dunedin: your water

“. . . it does need to be asked why the so-called efficiencies that a CCO would bring cannot be achieved within a highly disciplined semi-autonomous council business unit.”

### ODT Online Wed, 19 Jan 2011
Editorial: Future proofing Dunedin’s water
In September 1860, the first public water pump was commissioned in Dunedin but it was not long afterwards that New Zealand’s first major water supply project was initiated . . . Today, as a report to the council to be considered at this week’s 2011-12 pre-draft annual plan hearings makes clear, water services in the city are the purview of the water and waste services business unit, a department of the DCC.
Read more

Related Posts:
15.1.11 Just when DCC thought no-one was watching
26.12.10 DCC – will there be a “corporate grab” of water infrastructure!?

Posted by Elizabeth Kerr

Leave a comment

Filed under Economics, Geography, Politics, Project management

Just when DCC thought no-one was watching

Evidence Jim’s last hurrah . . .

SAY NO TO THE CCO – SAY NO TO THE CCO – SAY NO TO THE CCO – SAY NO TO THE CCO – SAY NO TO THE CCO – SAY NO TO THE CCO – SAY NO TO THE CCO – SAY NO TO THE CCO – SAY NO TO THE CCO – SAY NO TO THE CCO – SAY NO TO THE CCO – SAY NO TO THE CCO – SAY NO TO THE CCO – SAY NO TO THE CCO – SAY NO TO THE CCO – NOOOOOOOOO DCC

****

Dunedin City Council
Media Release

DCC Water and Wastewater Services – A Council Controlled Organisation?

This item was published on 14 Jan 2011.

Following a series of workshops and reports over the past two years, the Dunedin City Council will next Thursday consider creating a new Council Controlled Organisation to run water and waste utility services on behalf of the city.

A Council Controlled Organisation (CCO) is one that is owned by and reports to Council, but operates independently, governed by a board of directors appointed by the Council. It would be commercially disciplined while being funded by the same mix of rates and charges currently funding the services.

About 100 existing Council staff would be directly affected by the change if the CCO is established after consultation. Their positions would be transferred on existing terms and conditions to the new organisation.

Two years ago the Council asked outgoing Chief Executive, Jim Harland, to report on how best to deliver water and waste services into the next 50 years, making it clear that privatisation was not an option as it would be contrary to the existing policy (W101/7) which states that; “Water and sewerage systems should remain in the ownership of the Council either directly or as part of the Council’s operations or through an entity owned by the Council and that the Council is opposed to the privatisation of the city-wide water and wastewater services”.

After consideration of three options – the enhanced status quo, a CCO or a Council Controlled Trading Organisation (which would be required to provide a return on capital) – staff and consultants have recommended the CCO as being the most efficient option. It is expected long-run reduced costs to ratepayers for water services would be about $20 million over 10 years.

This would be achieved through more efficient, commercially focused, processes along with reduced overhead and financial efficiencies.

If the Council approves, the community will be consulted using a special consultative procedure, as defined in the Local Government Act 2002, in the first half of this year. If finally approved, the CCO would be established with a three-year transition period during which it would continue to use Council services such as IT, finance and HR, for example.

Water and wastewater services are currently provided to about 47,000 Dunedin homes and businesses, operating on a budget of about $58 million in 2010/11, a capital budget of $31 million and managing water assets valued at $1.6 billion.

For more information, please contact:

* Dave Cull, Mayor of Dunedin City Council
* Cr Andrew Noone, Chairman Infrastructure Services Committee
* Cr Syd Brown, Chairman Finance, Strategy and Development Committee

Contact Mayor Dave Cull on 477 4000.

DCC page link



Posted by Elizabeth Kerr

21 Comments

Filed under Economics, Geography, Politics, Project management, Urban design