Tag Archives: Fiduciary duty

DCC Draft Annual Plan 2017/18

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

An ordinary meeting of the Dunedin City Council will be held on Monday 23 January 2017 in the Edinburgh Room, Municipal Chambers, The Octagon, starting at 9.00am.

Agenda
https://infocouncil.dunedin.govt.nz/RedirectToDoc.aspx?URL=Open/2017/01/CNL_20170123_AGN_482_AT_WEB.htm

1 Introduction                                                                                           
2 Apologies                                                                                              
3 Confirmation of Agenda
4 Declaration of Interest    
REPORTS
5 Draft 2017/18 Annual Plan Budget Material
6 Draft 2017/18 Budget – Water and Waste Group
7 Emissions Trading Scheme Liabilities and Proposed Carbon Management Policy
8 Draft 2017/18 Budget – Solid Waste
9 Update on the Tertiary Precinct Safety and Accessibility Upgrade
10 Draft 2017/18 Budget – Transport Group
11 Draft 2017/18 Budget – Parks and Recreation Group
12 Draft 2017/18 Budget – Property
13 Draft 2017/18 Budget – Arts and Culture Group
14 Draft 2017/18 Budget – Customer and Regulatory Group
15 Te Ao Tūroa Environment Strategy Funding
16 Review of the Allocation of Funding to Applicants to the Biodiversity Fund
17 Draft 2017/18 Budget – Community and Planning Group
18 Draft 2017/18 Budget – Enterprise Dunedin
19 Draft 2017/18 Budget – Corporate Services
20 Draft 2017/18 Budget – Corporate Support Services
21 Draft 2017/18 Budget – Waipori Fund
22 Draft 2017/18 Budget – Investment Account                                                            
 
Council Open Attachments under separate cover
[see item 9 Update on the Tertiary Precinct Safety and Accessibility Upgrade]
https://infocouncil.dunedin.govt.nz/RedirectToDoc.aspx?URL=Open/2017/01/CNL_20170123_ATT_482_EXCLUDED_WEB.htm

Council Supplementary Agenda
23 2017/18 Rating Method
24 Notices of Motion                
https://infocouncil.dunedin.govt.nz/RedirectToDoc.aspx?URL=Open/2017/01/CNL_20170123_AGN_482_AT_SUP_WEB.htm

█ Document Source:
http://www.dunedin.govt.nz/your-council/agendas-minutes

Posted by Elizabeth Kerr

This post is offered in the public interest.

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Auditor-general Lyn Provost #Resign

Link + message received from Anonymous
Wed, 26 Nov 2014 at 11:53 p.m.

Message: What unbelievable crap from Lyn Provost, given her office (OAG) has brushed aside so many public complaints and concerns about Council expenditure that may have prevented the situation she now chooses to alert us all to !!!!

________________________________

### stuff.co.nz Last updated 12:39 26/11/2014
Lax councils $7 billion behind in infrastructure
–Dominion Post
Ratepayers are facing a $7 billion bill to replace crumbling roads and water pipes caused, in part, by the “worry about it later” attitude of councils. A report released yesterday by Auditor-General Lyn Provost found councils nationwide have been failing to put enough money aside to maintain their collective $100b of infrastructure assets. The gap between funds needed and reality is tipped to reach $6b to $7b by 2020. Much of the country’s infrastructure was built in two waves, from 1910-30 and 1950-86, and many assets would reach the end of their lives at the same time, the report warned.

“They are storing up a problem for future generations, ” said Bruce Robertson, assistant auditor-general in charge of local government. Will councils step up and deal transparently and effectively with these issues?”

Keeping rates bills down to maintain political popularity was one reason assets were underfunded, and a “worry about it later” mentality also existed, the report stated.[…] Local Government NZ president Lawrence Yule said a $7b shortfall was significant, but it was too early for ratepayers to be pressing the panic button. It was not yet clear how accurate the auditor-general’s findings were, he said.
Read more

Note: These last years Lawrence Yule has been publicising how bloody good debt-funding council activities is. WTF

████ Report 7 Nov 2014:
Auditor-General’s overview and conclusions
Water and roads: Funding and management challenges

New Zealand has a good reputation internationally for managing assets because of the work of groups such as New Zealand Asset Management Support (NAMS). However, many local authorities’ asset management practices fall short of asset management guidance, such as that developed by NAMS. This report suggests that local authorities need to better understand the local economy to plan for the longer term and that their management of infrastructure and capital needs to improve to meet the challenges ahead. Full Report

Related Posts and Comments:
21.11.14 Stadium Review: Mayor Cull exposed
31.10.14 Whaleoil on “dodgy ratbag local body politicians” —just like ours at DCC
10.10.14 Cull consorts with losers at LGNZ
9.9.14 Mangawhai, Kaipara: Latest news + Winston Peter’s speech
26.8.14 DCC: Forensics for kids
6.8.14 DCC tightens policy + Auditor-General’s facetious comments
15.7.14 Stadium: Who is being protected?
26.6.14 LGNZ #blaggardliars
31.3.14 Audit services to … local bodies #FAIL ● AuditNZ ● OAG ● LynProvost
20.3.14 Delta: Report from Office of the Auditor-General
7.3.14 Jeff Dickie: Letter to the Auditor-General Lyn Provost
2.2.14 Stadium: ODT editorial (1.2.14) —Garbutt debunks myths
3.12.13 LGNZ: OAG report on Kaipara
28.5.13 Carisbrook: Auditor-General #fails Dunedin residents and ratepayers
21.4.13 Councils “in schtook” —finance & policy analyst Larry.N.Mitchell
31.3.13 DIA and Office of the Auditor General stuff up bigtime #pokierorts
6.3.13 Carisbrook: Cr Vandervis elaborates
15.2.13 Carisbrook: Call for OAG investigation into DCC / ORFU deals
22.11.12 Cull COVERS UP COUNCIL #massage

For more, enter the terms *dcc*, *dchl*, *dvml*, *citifleet*, *stadium*, *carisbrook*, *delta* in the search box at right.

Posted by Elizabeth Kerr

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Stadium (fubar): cringe

Copy supplied.
Thursday, 15 May 2014 10:35 a.m.

The Press 13.5.14 Letters to the editorThe Press 13.5.14 [click to enlarge]

These letters to the editor were published in reply to the strong article by Fairfax News reporter Wilma McCorkindale, Stadium could cost Dunedin ratepayers millions (Stuff 9.5.14).

[Note there are 36 online comments]

Posted by Elizabeth Kerr

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Stadium: DCC proposes extra funds for stadium debt repayment

Comment received from Mike
Submitted on 2014/05/11 at 12:42 pm

Now is a great time to remind people of section 63 the Local Government Act which reads:

Restriction on lending to council-controlled trading organisation
A local authority must not lend money, or provide any other financial accommodation, to a council-controlled trading organisation on terms and conditions that are more favourable to the council-controlled trading organisation than those that would apply if the local authority were (without charging any rate or rate revenue as security) borrowing the money or obtaining the financial accommodation.

http://www.legislation.govt.nz/act/public/2002/0084/latest/DLM171886.html

Which as I read it means that the council can’t fund DVML in a more advantageous way than it would receive itself from its own bankers – my reading of this is that just bailing DVML because it’s losing money would be illegal, they have to loan them money at a comparative rate to what they would get from the bank.

It’s an obvious target for a ratepayer’s injunction …..

The reason for this law is pretty obvious, the government wanted CCOs to compete with private enterprise on a level playing field – if DVML wants to rent out space it shouldn’t be able to undercut a competing landlord who can’t tap the ratepayers’ pockets to charge a rent below cost.

[ends]

****

Dunedin City Council – Media Release 9 May 2014
Extra Funds Proposed for Stadium Debt Repayment

The Dunedin City Council will consider using savings to repay more debt associated with the Forsyth Barr Stadium. The Council will next week consider approving a one-off payment of $2.271 million to help balance the Forsyth Barr Stadium accounts. Of that, $1.77 million would be used to repay DVML debt, with the balance to fund a cash shortfall. The payment would be funded from DCC savings made in the current financial year. DCC Group Chief Financial Officer Grant McKenzie says, “A one-off payment to reduce debt further would be good for all parties and would clearly respond to community demand for the DCC to reduce its overall debt level.” Read more

Download the Forsyth Barr Stadium 2014/15 Budget Report (PDF, 200KB)

Media Stories:
9.5.14 ODT Stadium debt reduction to be considered
9.5.14 Stuff (Fairfax News) Stadium could cost Dunedin ratepayers millions
10.5.14 ODT Stadium payment may rise

Related Post and Comments:
9.5.14 DCC Draft Annual Plan 2014/15 Submission by Bev Butler
10.5.15 (via comment) ODT In Brief: Stadium review sought

Posted by Elizabeth Kerr

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Audit services to (paying) local bodies #FAIL ● AuditNZ ● OAG ● LynProvost

Typically, local government pays Audit New Zealand to audit and review annual financial statements. It’s a tame, tick-box sort of exercise. Audit NZ does a remarkably poor job and is certainly not in it to protect the Community from institutional or corporate misuse of public funds, or indeed from what amounts to perversion or defeat of the course of justice.

Audit NZ is paid handsomely to not see failures of tansparency and non-accountability — such that the enlightened Mangawhai Ratepayers and Residents Association (MRRA) has had Audit NZ sacked from providing audit services to Kaipara District Council.

In an opinion piece last week at Otago Daily Times, City ratepayers let down again, Russell Garbutt cleverly and succinctly summarised the depth of the problem with the Office of the Auditor-General (OAG) investigation into Delta Utility Services Ltd. He also noted: “It may seem strange, but if a local government body goes feral, the body which investigates this and the one which provided audit services to that local body are both business units of the Auditor-General.”

Dunedin City Council (DCC) has ‘overseen’ the Auditor-General’s probe into property purchases at Luggate and Jacks Point by Delta Utility Services Ltd, which also involved the council’s holding company (DCHL). A more scandalous, politically slant and irresponsible report from a Government agency it would be difficult to imagine.

(Thank-you, Mayor Dave Cull and the individual Stuart McLaughlan.)

Criminally, the OAG’s Delta report is what passes for ‘honest and comprehensive’ investigation of fraud and corruption in New Zealand… such that the main Delta complainant, Cr Lee Vandervis of Dunedin City, who holds evidence obtained from over 350 emails, was NOT interviewed by the Auditor-General. Nor was his evidence examined.

The fact that for years Audit NZ has refrained from investigating or bringing attention to underhand dealings of the DCC and with respect to DCHL, Delta, Aurora, and Dunedin City Treasury Ltd (DCTL), to identify just some of the ‘group companies’ involved in financial mayhem with public funds, is fully SYMPTOMATIC.

And now we have DCC — and DCHL (again) — in relationship with Dunedin Venues Management Ltd, tied directly to Otago Rugby Football Union (ORFU) and The Highlanders through shared staff and facilities at the Stadium, and the facilities at Logan Park. Meaning that DCC continues to squander millions and millions of dollars of public funds each year, yet Audit NZ is nowhere to be seen under ‘the Roof’. Don’t mention the black hole, Carisbrook.

█ Inquiry into property investments by Delta Utility Services Limited at Luggate and Jacks Point. The Auditor-General’s Overview and Full Report are available at http://www.oag.govt.nz/reports/2014/delta

****

WHERE TO FROM HERE ???
In yesterday’s Business section of the Sunday Star-Times came inklings of hope that the tide of fraud and corruption created by local bodies and ‘their mates’ is up for possible scrutiny through a change of legislation. Greater public and professional awareness of fraud by local councils and their companies (as well as private trusts and other means used to launder public monies) is coming to bear.

[Message to ALL: Those of us working quietly away to expose Dunedin City Council and Otago Rugby will never give up in a month of Sundays.]

SST Business 30.3.14 (page D5) Bid to help auditorsSST Business 30.3.14 (page D5)

****

NEWS: SFO has got into Mighty River Power and there are ‘reasons’ for non-disclosure of MRP fraud to the NZX…

A consultant says:
SST Business 30.3.14 (page D1) Mighty River Power

The following article goes on to cite other cases, one from last year mentions two men sentenced to prison and home detention following the payment of $849,000 in council funds for road and berm projects that were never completed.

█ Think DELTA, think AURORA, think DCC, think DCHL, think DCTL, think CWP, think CST (CSCT), think DVML…

█ Think of the individuals you know by name who fail to be prudent and conservative with Dunedin Ratepayer and Resident monies, whose actions (deliberate or otherwise) have been fraudulent and corrupt.

█ These entities and the individuals you know by name have been aided and abetted by Audit New Zealand, the Office of the Auditor-General, the Department of Internal Affairs, and indeed the Serious Fraud Office which doesn’t always show a clean pair of hands in assisting investigations by other Government agencies — if ‘supervised by’ mayors, local body politicians, local body employees, Members of Parliament, and Ministers of the Crown.

Welcome to the underbelly of New Zealand local government and the parties it pleases. STEAL from the poor to FATTEN the rich, by any means. Backed by Central Government.

SST Business 30.3.14 (page D1) Fraud at Mighty River Power (1)SST Business 30.3.14 (page D8) Fraud at Mighty River Power (1)SST Business 30.3.14 (pages D1 and D8) [click to enlarge]

*Links to articles not yet available at Stuff.co.nz.

Related Posts and Comments:
30.3.14 Paul Pope on local body annual plans
27.3.14 Jeff Dickie: Letter to the Auditor-General Lyn Provost
25.3.14 Delta blues . . . and Easy Rider
20.3.14 Delta: Report from Office of the Auditor-General
14.3.14 Delta: Mayor ignores Cr Vandervis’ official complaint
22.3.14 DVML, ‘Money for jam…..fig jam’
19.3.14 ORFU: Black-tie dinner, theft or fraud?
17.3.14 ORFU: Black-tie dinner on ratepayers

For more, enter the terms *carisbrook*, *cst*, *cull*, *cycle*, *dcc*, *delta*, *dia*, *draft annual plan*, *dvml*, *farry*, *orfu*, *nzru*, *pokie rort*, *pokies*, and *stadium* in the search box at right.

Posted by Elizabeth Kerr

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The Press: fresh doubt on economic viability of stadium

The city’s flash stadium and soaring debt highlight growing unease at local authority borrowing.

### stuff.co.nz Last updated 10:14 04/03/2012
A new house of pain for Dunedin
City’s spending in the spotlight
By Lois Cairns – The Press
Dunedin city’s finances are in the spotlight as the collapse of the Otago rugby union throws fresh doubt on the economic viability of its swanky stadium – which ratepayers will spend the next 40 years paying for. Dunedin’s overall debt has increased 1700 per cent to $586 million since 2000 and frustrated ratepayers say the debt carried by the council is too high for a city of Dunedin’s size and that unchecked spending, in particular on the controversial stadium, has saddled them with an unfair financial burden. The Dunedin City Council has ordered an independent review of the final cost of the Forsyth Barr Stadium in response to a report which raised serious questions over the amount it spent on the venue. Forensic accountants from PricewaterhouseCoopers are now combing through all the contracts and bills for the stadium to determine exactly how much money has been spent above the $198m budget. Russell Garbutt, the former chairman of Sport Otago, has been an outspoken critic of the council’s decision to fund the stadium, and said it was clear from day one the venture would be a financial disaster.
Read more

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Bringing DCC councillors, staff, related entities and individuals to account, let’s get honest

The Dunedin City Council is dragging its heels, for reasons that should be made public immediately, on declaring the wayward spend that has brought the new stadium about, including the realignment of SH88 — all of which has taken the project beyond the councillors’ role required by the Local Government Act, to act prudently and conservatively with ratepayers’ money.

The councillors’ fiduciary responsibility to this community has been abandoned by thorough incompetence and deception that borders on the criminally fraudulent. This will require direct action by the Minister of Local Government, Nick Smith. There is no getting around this.

The independent review of stadium costs by PricewaterhouseCoopers is of necessity limited by its price tag of $55,000 and the instructions of the commissioning client, Dunedin City Council. Meanwhile, the ‘independent’ Otago Daily Times is prepared to sit back as a moderate, to cover tail.

In terms of “who”, he said if something “untoward” was found, “there will be accountability issues”. -Cull

### ODY Online Mon, 27 Feb 2012
Extra cost on stadium not massive blowout: Cull
By David Loughrey
Dunedin may not being facing a huge blowout in the cost of the Forsyth Barr Stadium, but it is possible people or organisations may be “brought to account” following an investigation. It emerged on Friday questions remained about the final cost of the stadium – six months after the facility was built.
Read more

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