Tag Archives: Deficit

DCC $764,000 in the red

Timing is everything. The audit didn’t consider some of the issues [including stadium budget issues] that had caused ratepayer concern, such as the level of debt the council was carrying.

### ODT Online Fri, 16 Oct 2009
Audit NZ gives DCC a tick of approval
By David Loughrey
The Dunedin City Council ended the 2008-09 financial year $764,000 in the red, well down from an expected surplus of more than $18 million.
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### ODT Online Fri, 16/10/2009 – 9:35am.
Comment by MDownes on DCC audit
So, the DCC is more than $18,764,000 out of pocket at the end of the financial year compared to what was expected and Audit NZ gives them a tick of approval? This financial outcome has been purely self-inflicted due to the new stadium with resulting sky-rocketing debt. To think the council gets a pat on the back for this shameful performance. You can get away with anything these days…

### ODT Online Fri, 16 Oct 2009
Revival lifts Waipori fund $3.5 million
By David Loughrey
A more buoyant economy in New Zealand and Australia has helped the Dunedin City Council’s Waipori fund claw back $3.5 million of its value, following hits the fund took during the recession.
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Post by Elizabeth Kerr

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Filed under Economics, Politics, Project management, Stadiums

Unsubtle irony: Waipori Fund

It’s a long-term investment…

### ODT Online Mon, 27 Apr 2009
Waipori Fund takes another beating
By Dene Mackenzie
Investments in the Dunedin City Council’s Waipori Fund took another hammering in the three months ended March, although indications are that it was a better result than recorded in December.
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Finance and Strategy Committee Meeting
Monday 27 April 2009, Edinburgh Room, Municipal Chambers, 2.00 PM

Agenda – FSC – 27/04/2009 (PDF, 11.5 kb, new window)

Report – FSC – 27/04/2009 (PDF, 33.3 kb, new window)
Submission on the Otago Regional Council Draft Long Term Council Community Plan 2009-2019

Report – FSC – 27/04/2009 (PDF, 81.4 kb, new window)
Resignation of Sinking Fund Commissioners

Report – FSC – 27/04/2009 (PDF, 38.6 kb, new window)
“Have Your Say” Expo 2009

Report – FSC – 27/04/2009 (PDF, 197.5 kb, new window)
Financial Result – 9 Months to 31 March 2009

Report – FSC – 27/04/2009 (PDF, 19.5 kb, new window)
Waipori Fund – Report For Quarter Ending March 2009

Posted by Elizabeth Kerr

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Filed under Economics, Media, Politics, Stadiums