Tag Archives: Finance Committee

DCC operating deficit $1M worse than budget

### dunedintv.co.nz Mon, 16 Nov 2015
DCC earnings below budget
The city council’s heading into Christmas with less money in its accounts than budgeted. Its latest financials have been revealed in a report to councillors. Revenue is down by half a million dollars compared to budget, as at the end of September. The council’s also made less money than expected on its Waipori Fund investments, and has received less funding. Energy costs have also been higher than anticipated. The operating deficit for the three months to September was almost a million dollars worse than budget.
Ch39 Link [no video available]

DCC Finance Committee met this afternoon, with the following agenda and reports tabled. There were no minutes for confirmation.

Agenda – FIN – 16/11/2015 (PDF, 19.3 KB)

Report – FIN – 16/11/2015 (PDF, 755.6 KB)
Financial Result – Period Ended 30 September 2015

Report – FIN – 16/11/2015 (PDF, 86.9 KB)
Development Contributions Assessments 2014/15

The Economic Development Committee met immediately prior to the Finance meeting. Four reports from Enterprise Dunedin were tabled.
Refer to DCC website for this information.

DEVIOUSLY with not much public notice a full Council meeting also took place today. You can see by the agenda items why this one was rushed through quietly in preamble.

Agenda – Council – 16/11/2015 (PDF, 21.3 KB)

Report – Council – 16/11/2015 (PDF, 91.3 KB)
Refugee Settlement in Dunedin

████ Report – Council – 16/11/2015 (PDF, 91.3 KB)
Appointment of Independent Commissioners to the Proposed Dunedin City Council District Plan Hearings Panel – Te Paepae Kaiwawao Motuhake O Te 2GP

█ The public has until November 24 to make submissions.

2GP banner

█ Proposed Second Generation District Plan (2GP)
https://2gp.dunedin.govt.nz/2gp/index.html

[from the report, note the maori-isation under Cull’s steer]
JOKE – meaning there was NO NEED at all for Councillor appointments
18 expressions of interest were received by the deadline of 5pm on Monday 19 October 2015. One expression of interest was submitted a week after this deadline. This was excluded from consideration on the basis that the reasons for lateness were not sufficient to warrant an exception being granted.

DOUBLE TRIPLE JOKE
In accordance with the delegation from Council, the Chief Executive formed an evaluation panel to review the expressions of interest submitted. The Panel comprised: Chief Executive, Sue Bidrose; General Manager of Services and Development, Simon Pickford; City Development Manager, Anna Johnson; a Probity Officer (Group Manager Corporate Services, Sandy Graham) was appointed to oversee and document the completion of each evaluation step and ensure the process was fair and transparent. HAHAHAHA

BUT WAIT
The candidates that were ranked the highest had:
• A planning qualification or full NZPI membership
• A wide-ranging experience in planning practice (as a commissioner or practitioner), having worked in a number of areas of planning and for a variety of local authorities
• Significant experience as a commissioner hearing plan changes, and direct experience of the planning issues likely to emerge from the 2GP.

In addition to assessing the candidates on their experience, the highest ranked candidates were contacted to ensure any conflicts of interests could be adequately managed, and reference checks were undertaken.

[squeak] Finally, candidates’ appreciation and knowledge of iwi values and protocols and experience with topics related to natural hazards or other risk-based issues were considered.

Six candidates scored at a level to appoint them to the Hearings Panel. The candidates’ rankings are set out in Attachment A [NOT PROVIDED] to this report. The expressions of interest from all six candidates suitable for appointment are included in Attachment B [NOT PROVIDED]. The full list of the expressions of interest submitted is set out in Attachment C [NOT PROVIDED].

As a result of the ranking exercise, it is recommended that Council appoint the two highest scoring candidates for the membership of the Hearings Panel, and a further member from the candidates ranked second equal.

Remuneration will be negotiated by the Chief Executive and management plans for any conflicts of interest will also be set at this time.

████ Elected members should note that the Council received objections in relation to its decision to appoint elected members to the Hearings Panel, indicating that there is a degree of public interest in the Council’s decision on the selection of decision makers for this process.

Related Posts and Comments:
● 11.11.15 Letter to DCC chief executive re extension for public submissions…
● 9.11.15 Letter to DCC chief executive re Proposed 2GP hearings panel
24.10.15 DCC and the AWFUL 2GP ‘threat of THREATS’
12.10.15 DCC Proposed 2GP (district plan) —DEFEND YOUR PROPERTY
3.10.15 DCC: Public Notice Draft 2GP + “Community Presentations”
3.10.15 DCC appointees to draft 2GP panel #greenasgrass #infatuation
● 2.10.15 DCC Draft 2GP hearings panel lacks FULL INDEPENDENCE
30.10.15 DCC 2GP molasses and the dreadful shooflies (You)
● 28.9.15 Message to DCC: The People can’t deal with your 2GP documentation…
26.9.15 DCC: Proposed 2GP to line pockets of cowboy developers #FIGHTDIRTY

Posted by Elizabeth Kerr

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DCC financial position | DCC reply: “$20M cash on hand” #LGOIMA

### dunedintv.co.nz May 5, 2015 – 12:27pm
DCC’s financial position better than expected
The Dunedin City Council is finishing the financial year on a high, with an operating surplus of almost $8m. Its finance committee has just analysed the latest accounts, which show the council’s in a better position than expected. It’s received more money through its invested Waipori Fund, and saved on asset maintenance. The council’s got less debt to pay than what was initially budgeted for, and has deferred some work. But it’s received less than expected from the New Zealand Transport Agency for roading projects, and it’s lost some money on the sale of a Dukes Road property. The financial year ends in June.
Ch39 Link

As tabled at the DCC Finance Committee meeting on 4 May 2015:

Report – FC – 04/05/2015 (PDF, 1.2 MB)
Financial Result – Nine Months to 31 March 2015

Report – FC – 04/05/2015 (PDF, 1.2 MB)
Financial Result – Eight Months to 28 February 2015

****

WHERE DID DCC’S $20M “CASH ON HAND” DEMATERIALISE TO ?????

From: Elizabeth Kerr
Sent: Tuesday, 23 September 2014 11:13 p.m.
To: Sandy Graham [DCC Group Manager Corporate Services]
Subject: LGOIMA request

Dear Sandy

Re: Cull warns debt still hurdle for council (ODT 15.9.14)
http://www.odt.co.nz/news/dunedin/315949/cull-warns-debt-still-hurdle-council

Within the news item it says:

“The forecast had included about $22 million in “cash on hand”, but, since Mr McKenzie’s arrival, the decision had been made to slash the amount to about $2 million, he said.

“The cash was instead used to pay for capital projects, avoiding the expected need to borrow for the work, which reduced the council’s need to borrow by $20 million, he said.”

6.5.15 This paragraph goes unexplained in Ms Graham’s reply below;
a further clarification has been sought on WHICH CAPITAL PROJECTS

I would like the DCC to precisely itemise the way(s) in which the city council has spent this $20 million of “cash on hand”, to include the capital projects by name or other reference; the name(s) of the relevant council department(s) and or committee(s) that incurred this expenditure; the dates of expenditure; the spending delegations attributable to which, by name, formal signatories on account; and any other information in legible form that would assist the city council to meet my request in a forthright, full and transparent manner.

I look forward to reply.

Thanks, kind regards

Elizabeth Kerr

* My LGOIMA request was made on 23 September 2014.
** Dunedin City Council was legally required to reply within 20 working days.
*** Dunedin City Council finally replied on 29 April 2015.

—————————————

From: Sandy Graham
Sent: ‎Wednesday‎, ‎29‎ ‎April‎ ‎2015 ‎1‎:‎36‎ ‎p.m.
To: Elizabeth Kerr
Subject: RE: LGOIMA request [DCC expenditure of $20M cash on hand]

Dear EJK

I do appear to have sent this on Friday. I’m resending. Can you confirm receipt?

Regards
Sandy

From: Sandy Graham
Sent: Friday, 24 April 2015 1:40 p.m.
To: Elizabeth Kerr
Cc: Carolyn Allan; Grant McKenzie
Subject: RE: LGOIMA request [DCC expenditure of $20M cash on hand]

Dear Elizabeth

We have considered your questions and now provide the following response which we hope finally answers your enquiry. Apologies for the delay in providing this clarification.

First I want to background a couple of things to give context to both the question and our response. In our budget (the Annual Plan), the Council ensures that there is enough money to meet its financial obligations. This means that the Council has budgeted money in order to pay for a liability if and when it falls due over the course of the financial year.

While the budget provides for the necessary money to meet the various financial obligations that fall due over the course of the financial year, it is not financial best practice to have large sums of money sitting in the bank at the same time as the Council has debt. This is because the cost of borrowing is generally at a higher rate than the return on money invested in the bank.

With that background I want to deal with the specific situation referenced in the ODT on 15 September 2014 which forms the basis of your enquiry. For clarification, the article in the ODT on 15 September 2014 referred to a decision to “slash” the amount of cash on hand from $22 million to $2 million. To clarify, the $22 million was a budgeted amount of cash based on the Annual Plan for 2014/15. It was never physically in the bank – it was simply a budgeted figure.

The reference to “slash the amount” to about $2 million simply means that the Council (which had intended to borrow this money following the completion of certain capital expenditure projects) did not borrow it. It wasn’t spent on anything – the debt wasn’t raised. If it did borrow the money, then the Council would’ve had the money sitting in the bank. As outlined above, the current practice is to have a minimal amount of money in the bank but access to money if and when required.

The Council is currently consulting on a draft Financial Strategy which formalises this approach and incorporates it into the budget from 1 July 2015 onwards. I have attached a copy of the draft Financial Strategy for your information.

Regards
Sandy

Attachment: Finance-Strategy

—————————————

From: Elizabeth Kerr
Sent: Friday, 24 April 2015 1:56 a.m.
To: Sandy Graham
Cc: Carolyn Allan
Subject: Re: LGOIMA request [DCC expenditure of $20M cash on hand]

Dear Sandy

Please can you have the information requested since 23 September 2014 to me within 5 working days. Appreciated.

Regards, Elizabeth

Sent from Windows Mail

—————————————

From: Elizabeth Kerr
Sent: Thursday, 9 April 2015 11:49 a.m.
To: Sandy Graham
Cc: Carolyn Allan; Elizabeth Kerr
Subject: Re:RE: LGOIMA request [DCC expenditure of $20M cash on hand]

Dear Sandy and Carolyn

The draft LTP has recently been signed off by the Council and is now available for public consultation.

Further to your last email, Sandy, if you can, please provide timeline for delivery of the information promised to me regarding DCC’s use of the $20M cash on hand, as referred to in the Otago Daily Times on 15 September 2014 (refer correspondence below).

I look forward to your update and following, prompt receipt of the information kindly requested last year.

Best regards, Elizabeth

█ The rest of the oh so tiresome email trail can be found at this thread:
3.11.14 DCC: What happened to $20 million cash on hand? #LGOIMA

Posted by Elizabeth Kerr

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DCC: What happened to $20 million cash on hand? #LGOIMA

1. Council had $22 million cash on hand.
2. Council spent $20 million (cash) on “capital projects”.
3. Council won’t account for the $20 million.
4. Council seeks open cheque to make discovery.

Report – FIN – 08/09/2014 (PDF, 2.3 MB)
Interim Financial Result – 12 Months to 30 June 2014

On 8 September 2014, the Council’s interim financial result for 12 months to 30 June 2014 was tabled at a meeting of the Finance Committee. A week later, ODT (15.9.14) reported Mayor Cull as saying there was a “significant improvement” to the Council’s core debt position.

In the same item, “Council group chief financial officer Grant McKenzie said the turnaround was partly due to a significant change in the amount of cash held by the council. The forecast had included about $22 million in “cash on hand”, but, since Mr McKenzie’s arrival, the decision had been made to slash the amount to about $2 million, he said. The cash was instead used to pay for capital projects, avoiding the expected need to borrow for the work, which reduced the council’s need to borrow by $20 million, he said.” ODT Link

What if? flagged the ‘cash-no-longer-on-hand’ illumination with a post:
● 15.9.14 Cull’s council spent the cash

Capital projects?
How was the money spent, and who by?
Then, we completely lost sight of it.
As the following correspondence shows, Council spent $20 million of ratepayer funds but refuses to declare where the cash went. Mr McKenzie plays the convenient game of obfuscation —like so many before him, and alongside him now at DCC.

█ Apparently, I’m to be personally charged for demanding relevant paperwork to track down the Public Money.

Accountability? Transparency? What the HELL is that?
NOT something DCC values, that’s a dead cert.

[begins]

From: Elizabeth Kerr
Sent: Tuesday, 23 September 2014 11:13 p.m.
To: Sandy Graham [DCC Group Manager Corporate Services]
Subject: LGOIMA request

Dear Sandy

Re: Cull warns debt still hurdle for council (ODT 15.9.14)http://www.odt.co.nz/news/dunedin/315949/cull-warns-debt-still-hurdle-council

Within the news item it says:

“The forecast had included about $22 million in “cash on hand”, but, since Mr McKenzie’s arrival, the decision had been made to slash the amount to about $2 million, he said.

“The cash was instead used to pay for capital projects, avoiding the expected need to borrow for the work, which reduced the council’s need to borrow by $20 million, he said.”

I would like the DCC to precisely itemise the way(s) in which the city council has spent this $20 million of “cash on hand”, to include the capital projects by name or other reference; the name(s) of the relevant council department(s) and or committee(s) that incurred this expenditure; the dates of expenditure; the spending delegations attributable to which, by name, formal signatories on account; and any other information in legible form that would assist the city council to meet my request in a forthright, full and transparent manner.

I look forward to reply.

Thanks, kind regards

Elizabeth Kerr

__________________________

From: Sandy Graham [DCC]
Sent: ‎Wednesday‎, ‎24‎ ‎September‎ ‎2014 ‎9‎:‎01‎ ‎a.m.
To: Elizabeth Kerr
Cc: Grace Ockwell [DCC]

Thanks Elizabeth

I have forwarded to staff to consider and a response will be provided as soon as possible but in any event within twenty working days. It may be that I need to come back to you with questions of clarification or refinement depending on how this information is stored/held but I will be in touch as required.

Warm regards
Sandy

__________________________

From: Elizabeth Kerr
Sent: Friday, 31 October 2014 1:42 p.m.
To: Sandy Graham [DCC]
Cc: Grace Ockwell [DCC]
Subject: Re: LGOIMA request [DCC expenditure of $20M cash on hand]

Dear Sandy

The official information request I made on 23 September 2014 (see emails [above]) is yet to have a response, we are now well outside the twenty working day limit.

Please provide update on how soon the information will be released.

Many thanks, and kind regards

Elizabeth

__________________________

From: Sandy Graham [DCC]
Sent: ‎Friday‎, ‎31‎ ‎October‎ ‎2014 ‎2‎:‎03‎ ‎p.m.
To: Elizabeth Kerr
Cc: Grace Ockwell [DCC]

Sorry Elizabeth.

My fault. I had been supplied with a response and had not forwarded it.

The Group Chief Financial Officer advises:

“This request cannot be completed for what they are requesting as I do not know what capital and operating activity we would assign to the $20 million. In addition the work involved in getting the invoices etc would be significant. What has happened is that we have used our cash on hand to fund council activity (operating and capital) instead of borrowing to do this.”

If you would like me to pursue the possibility of tracking down invoices, I would need to consider charging for this work because there would be significant collation and research required, and even then, we may not be able to fully answer your question. Let me know if you would like me to investigate this further.

The GCFO has indicated he is happy to meet and talk through the issues but is unable to provide any further information at this stage.

Again, apologies for my tardiness.

Sandy

__________________________

From: Elizabeth Kerr [mailto:ejkerr@ihug.co.nz]
Sent: Friday, 31 October 2014 2:05 p.m.
To: Sandy Graham [DCC]
Cc: Grace Ockwell [DCC]; Grant McKenzie [DCC GCFO]
Subject: Re: LGOIMA request [DCC expenditure of $20M cash on hand]

Dear Sandy

Thanks for getting back to me promptly today. I acknowledge receipt.

I’m considering your response fully and as a consequence looking into all my options.

Kind regards, Elizabeth

[ends]

Serendipitously, the same day (31.10.14), I heard from Cr Lee Vandervis —unbeknownst to me, a couple of days earlier he had voiced a similar query about the [MISSING PRESUMED DROWNED] $20 million “cash on hand”, and more, following his study of the Council’s Annual Report 2013-14.

Report – Council – 30/10/14 (PDF, 2.5 MB)
Approval and Adoption of Annual Report

[begins]

—— Forwarded Message
From: Lee Vandervis
Date: Tue, 28 Oct 2014 22:38:15 +1300
To: Sue Bidrose [DCC], Sandy Graham [DCC]
Conversation: Annual Report
Subject: Annual Report

Hi Sue,

The beginning of the Annual Report seems very reassuring with your highlighting our billion dollars worth of saleable assets, and our debt levels in pretty good shape and improving.

Looking further into the body of the report there is a lot of tabulation of various kinds of assets, but I seem not to be able to find the same depth of discussion on debt or the historical debt graph that I fought for years to finally get included. [A Consolidated term liabilities figure of $622,843,000 does appear on p199. I had been led to expect a historical graph of DCC debt and of total consolidated debt]
Is it possible to also have a graph of all inclusive historical staff costs included? There was one a while ago but it seems to have been dropped again.

At the end of the document I find a number of graphs that feature a fetching orange colour bar that seems to indicate that our “thriving and diverse economy” under Affordability has exceeded our LTP quantified limit on rates income in 2013 and 2014, exceeded the quantified limit on rates increase this year, slipped below the balanced budget benchmark, and also slipped below the essential services benchmark for this year.
It is no surprise to me that Citipark has not achieved targets, but I am surprised that your opening comments are so upbeat when the closing benchmarks are not met and the quantified limits seem to be exceeded.
These benchmark and limit graphs may have been misinterpreted by me because despite reading them several times I remain unsure of their real import.
Is it possible for someone to explain to me how the ‘pretty good shape and improving’ overview is supported, especially in light of the $20 million cut [from $22 million] in cash on hand and various sales that we have apparently recently instituted, combined with further expected constraints on DCHL subvention payments?

Looking forward,
Lee
__________________________

—— Forwarded Message
From: Lee Vandervis
Date: Fri, 31 Oct 2014 15:34:29 +1300
To: Debbie Porteous [ODT], Nicholas GS Smith [ODT]
Conversation: Annual Report
Subject: FW: Annual Report

Hi Debbie,
The Tuesday 28th email [above], which still remains unanswered, may help explain some of what deeply concerns me regarding yet another DCC Annual Report presented as up-beat.

Kind regards,
Cr. Vandervis
—— End of Forwarded Message
—— End of Forwarded Message

[ends]

If there was a plot to hide the way $20 million slid from sight, it thickens.
Not done yet, because I’m not a turkey dinner.

Posted by Elizabeth Kerr

20 Comments

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DCC considers sale of “149 properties”

Tomorrow’s ODT carries carefully arranged details…

Kevin Taylor [odt.co.nz tweaked by whatifdunedin] 1blkKevin Taylor, City Property “good, bad and ugly” manager

Updated post 19.9.14 at 11:29 a.m.

### ODT Online Fri, 19 Sep 2014
$10m property sell-off possible
By David Loughrey
Houses, empty sections and parkland are among 149 parcels of property across Dunedin being considered for sale, as the city council looks to add $10 million to its coffers. The council released its “work in progress” list after a Local Government Official Information and Meetings Act request from the Otago Daily Times. […] Council infrastructure and networks general manager Tony Avery yesterday said the list was a starting point.
Read more

News conferred last week:
█ Cr Lee Vandervis now sits on the DCC Audit and Risk Subcommittee. [ Minutes ]

Related Posts and Comments:
15.9.14 Cull’s council spent the cash
11.9.14 DCTL: New treasury manager
1.9.14 DCC Fraud: Further official information in reply to Cr Vandervis
30.8.14 DCC Fraud: Cr Vandervis states urgent need for facts and the record…
27.8.14 DCC whitewash on serious fraud, steals democracy from citizens
26.8.14 DCC: Forensics for kids
23.8.14 DCC public finance forum 12.8.14 (ten slides)
22.8.14 DCC: Deloitte report referred to the police #Citifleet
7.8.14 DCC issues shoddy treatment to Caledonian Bowling Club
● 30.7.14 Dunedin City Council | Consolidated council debt
● 28.4.14 DCC loses City Property manager in restructuring
24.1.14 Stadium: It came to pass… [stadium review]
14.10.13 DCC: New chief financial officer
21.3.13 DCC: Opportunity created by Stephens’ departure
6.3.13 Carisbrook: Cr Vandervis elaborates
20.11.12 Dunedin City Council vs Anzide Properties decision…
9.6.12 City Property to compete more obviously in the market…

Posted by Elizabeth Kerr

*Image: odt.co.nz (tweaked by whatifdunedin) – Kevin Taylor blackened, a bit

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Cull’s council spent the cash

The cash was instead used to pay for capital projects, avoiding the expected need to borrow for the work, which reduced the council’s need to borrow by $20 million. –Grant McKenzie

The council had also agreed to another $20 million in carry-forwards for debt-funded project budgets, which shifted allocated funding for delayed projects from one year’s budget to the next. –Grant McKenzie

### ODT Online Mon, 15 Sep 2014
Cull warns debt still hurdle for council
By Chris Morris
The Dunedin City Council cannot afford to get “complacent” despite a significant improvement to its core debt position, Mayor Dave Cull says. Council figures released last week showed its core debt – excluding companies – had dropped by nearly $5.5 million, from $227 million to $221.5 million, in the last financial year. […] the drop was the first time the council’s core debt had decreased since 2002-03, except for when stadium-related debt was transferred from the council to Dunedin Venues Ltd in 2010-11.
Read more

DCC Sep 14, 2014

Dunedin City Council – Finance Committee – September 8 2014
Coverage of the Dunedin City Council Finance Committee held on Monday, 8 September 2014. Minutes, agendas and reports related to this meeting can be found at http://goo.gl/UumsOI

Report – FIN – 08/09/2014 (PDF, 2.3 MB)
Interim Financial Result – 12 Months to 30 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:
11.9.14 DCTL: New treasury manager
● 9.9.14 Mangawhai, Kaipara: Latest news + Winston Peter’s speech [relevance]
1.9.14 DCC Fraud: Further official information in reply to Cr Vandervis
30.8.14 DCC Fraud: Cr Vandervis states urgent need for facts and the record…
26.8.14 DCC: Forensics for kids
23.8.14 DCC public finance forum 12.8.14 (ten slides)
28.4.14 DCC loses City Property manager in restructuring
30.1.14 DCC broke → More PPPs to line private pockets and stuff ratepayers
● 29.1.14 Mangawhai, Kaipara —we hear ya! [relevance]
17.12.13 DCC, Dunedin City Treasury and 3 big banks [Interest Rate Swaps]
10.12.13 DCC putting up cover, walls paper thin [risk exposure VERY HIGH]
14.10.13 DCC: New chief financial officer
4.7.13 Carisbrook: DCC losses

Posted by Elizabeth Kerr

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DCC: Public finance forum | Tuesday August 12, 2014

ALL WELCOME
Cr Richard Thomson provides venue details for the Public Finance Forum.

Event: DCC Public Finance Forum
Date: Tuesday, 12 August 2014
Time: 5:30 – 7:30 PM
Venue: Dunningham Room, 4th Floor, City Library, 230 Moray Place

Notes: Questions in advance to Cr Richard Thomson, Chair of Finance Committee (contact details below).

—– Original Message —–
From: Richard Thomson
To: Elizabeth Kerr
Sent: Sunday, 13 Jul 2014 at 11.04 AM
Subject: Public Finance Forum

Dear Elizabeth

when we did the last finance forum there seemed general agreement that it was a worthwhile exercise and I suggested that we schedule another for after that adoption of the annual plan. That has now ocurred and we have set a date of 12th August for this. I would be grateful if you could advise your network on What if of this. As last time it would be really helpful if people could advise questions in advance. Often they require specific information and if we have them in advance we can provide that on the night which is good for others there as well. I am happy for these to be forwarded directly to me. The meeting will be held from 5.30 to 7.30 on the 12th August. Venue to be confirmed but I imagine it will be the same room in the Council chambers as we used last time.

Regards
Richard [Cr Richard Thomson]

Mobile Contact: 027 2245739
Office Contact: 03 4770623 ext 12
Fax: 03 4774028

[richard.thomson @ xtra.co.nz]

Related Posts and Comments:
13.7.14 DCC: Public finance forum [invitation]
17.12.13 DCC, Dunedin City Treasury and 3 big banks [Interest Rate Swaps]
23.11.13 DCC: Finance Committee [public forum] 27 November
17.11.13 DCC Finance Committee: Public meeting 27 November

Posted by Elizabeth Kerr

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DCC: Public finance forum [invitation]

Event: DCC Public Finance Forum
Date: Tuesday, 12 August 2014
Time: 5:30 – 7:30 PM
Venue: To be confirmed
ALL WELCOME
Notes: Questions in advance to Cr Richard Thomson, Chair of Finance Committee.

Email received.

—– Original Message —–
From: Richard Thomson
To: Elizabeth Kerr
Sent: Sunday, 13 Jul 2014 at 11.04 AM
Subject: Public Finance Forum

Dear Elizabeth

when we did the last finance forum there seemed general agreement that it was a worthwhile exercise and I suggested that we schedule another for after that adoption of the annual plan. That has now ocurred and we have set a date of 12th August for this. I would be grateful if you could advise your network on What if of this. As last time it would be really helpful if people could advise questions in advance. Often they require specific information and if we have them in advance we can provide that on the night which is good for others there as well. I am happy for these to be forwarded directly to me. The meeting will be held from 5.30 to 7.30 on the 12th August. Venue to be confirmed but I imagine it will be the same room in the Council chambers as we used last time.

Regards
Richard [Cr Richard Thomson]

Mobile Contact: 027 2245739
Office Contact: 03 4770623 ext 12
Fax: 03 4774028

[richard.thomson @ xtra.co.nz]

Related Posts and Comments:
17.12.13 DCC, Dunedin City Treasury and 3 big banks [Interest Rate Swaps]
23.11.13 DCC: Finance Committee [public forum] 27 November
17.11.13 DCC Finance Committee: Public meeting 27 November

Posted by Elizabeth Kerr

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