Tag Archives: Financial management

Lively dialogue with DVML’s Terry Davies —Not ! #LGOIMA #Stadium

Received from Calvin Oaten
Sat, 28 Nov 2015 at 5:35 p.m.

—–Original Message—–
From: Calvin Oaten
Sent: Sunday, 1 November 2015 10:10 a.m.
To: Sandy Graham
Cc: Dave Cull; Sue Bidrose
Subject: [LGOIMA] Request

Hello Sandy,
I have been reading the annual reports of Dunedin Venues Management Ltd (DVML) and am somewhat uncertain as to the true position regarding the matter of charges/fees for the use of the Stadium. We were given a detailed report in the 2014/15 Annual Plan wherein it [was] disclosed that the DCC/ratepayers would be making a one off lump sum of $2.271m to DVML by way of calling up unpaid capital. Then there is to be $715k per annum paid also by way of calling up unpaid capital. An event attraction fund of $400k per annum, source ratepayers? These two annual sums are I believe revenue to DVML. We won’t talk about the later decision to fund $2m per annum as a rent subsidy to DVL, due to DVML’s inability to meet the $4m rent required towards DVL’s debt reduction.
There is no mention of the Stadium in the 2015/16 Annual Plan with any reference to funding shortfalls even though both DVML and DVL continue to run deficits.

Zeroing in on sports events held in the Stadium (because that is its primary purpose) I see that in 2013 there was (sic) 44 events attracting 205,511 attendees.
In 2014 there were 39 with 206,123 there and in 2015 for 33 events 174,575 turned out in support.

DVML showed revenue of $6.085m in 2012 and $8.205m in 2013. These were of the Stadium only, thereafter it includes the Edgar Centre, the DCC Convention Centre plus the Ice Stadium management. This brought about an increase in revenue to $9.127m for 2014 and $9.960m in 2015. Similar pattern for the operating expenses over those same years.

In order to enable one to get an assessment of where these obviously inadequate revenues come from I would request under the [LGOIMA] the following points;

1. The main events being rugby, which of the ORFU, the Highlander Franchise or the NZRFU staged what events over those years? What was the rental received by DVML from those respective bodies per event and do they figure in the revenue statements?

2. What was the amount of revenue received from the other lesser codes which used the same facilities?

With respect to the Operating Expenses outlined in the reports, 2012 as $3.862m, 2013 $3.589m, 2014 $4.361m and 2015 $5.407m.

1. Of those expenses I would request under the [LGOIMA] the amounts of those expenses which could be described as paid inducements or subsidies to perform in the Stadium, albeit sports and concerts?

I trust that this information could be made available within the statutory twenty-one days and thank you in anticipation.

Cheers,
Calvin Oaten

Terry Davies (1) 194022Terry Davies, DVML Chief Executive [via whatifdunedin]

From: Terry Davies
Subject: FW: [LGOIMA] Request
Date: 27 November 2015 3:53:09 pm NZDT
To: Calvin Oaten

Dear Mr Oaten

I refer to your email dated 1 November which has been referred to DVML to respond. I have responded directly to your questions below:

1. The main events being rugby, which of the ORFU, the Highlander Franchise or the [NZRU] staged what events over those years? What was the rental received by DVML from those respective bodies per event and do they figure in the revenue statements?
The rental received for these events is withheld under section 7(2)(h) and (i) of the Local Government Official Information and Meetings Act 1987 to allow DVML to carry out commercial activities without prejudice or disadvantage.

2. What was the amount of revenue received from the other lesser codes which used the same facilities?
The revenue received for these events is withheld under section 7(2)(h) and (i) of the Local Government Official Information and Meetings Act 1987 to allow DVML to carry out commercial activities without prejudice or disadvantage.

With respect to the Operating Expenses outlined in the reports, 2012 as $3.862m, 2013 $3.589m, 2014 $4.361m and 2015 $5.407m.

1. Of those expenses I would request under the [LGOIMA] the amounts of those expenses which could be described as paid inducements or subsidies to perform in the Stadium, albeit sports and concerts?
The expenses incurred and event attraction funding for these events is withheld under section 7(2)(h) and (i) of the Local Government Official Information and Meetings Act 1987 to allow DVML to carry out commercial activities without prejudice or disadvantage.

DVML’s audited annual accounts are published which shows revenue and operating costs and this is available on line at http://www.dunedin.govt.nz/__data/assets/pdf_file/0006/519711/Dunedin-Venues-Management-Limited-2015-Annual-Report.pdf

You are entitled to have this decision reviewed by the Ombudsman.

Yours sincerely
Terry Davies

———————————————

From: Calvin Oaten
Subject: Fwd: [LGOIMA] Request
Date: 28 November 2015 12:08:46 am NZDT
To: Sue Bidrose

Hello Sue,
You will have been aware of my queries expressed recently via the [LGOIMA], re the DVML revenue [breakdown].
Well I would have to say that the reply as received is totally underwhelming. This would have to be the most condescending, snivelling, performance by a highly positioned manager one could expect. Hiding behind a clause in a flawed piece of legislation to deny a citizen stakeholder information which ought to be available, on the grounds that it would compromise the company in carrying out its business without prejudice or disadvantage is nothing but
a complete ‘cop-out’ by a less than forthright person. Unless there is detail showing activities detrimental to achieving maximum returns to the company, then I find it a disingenuous and rude dismissal of an honest request.

Sue, I am dissatisfied with his response but if you think it is the way it should lie, then I would be deeply disappointed. I would appreciate your comments as I treat this as a serious affront.

Cheers,
Calvin

[ends]

█ In other developments, ICC felt the need to secure games for its stadium. What have Terry Davies, (“make it work”) Dave Cull and Sue Bidrose been up to in behind ?

### ODT Online Fri, 27 Nov 2015
Rugby: Highlanders private investors revealed (+ video)
A group of South Island private investors has been granted a five-year licence to run the Highlanders. The group, headed by Ticket Direct boss Matthew Davey, has taken a 77% stake in the Dunedin-based Super Rugby franchise, with Otago, Southland and North Otago Provincial Unions having a 13% stake. New Zealand Rugby (NZR) retains a 10% share for the first two years.
Read more

Otago Daily Times Published on Nov 26, 2015
Highlanders private investors revealed

29.11.15 ODT: Rugby: New operators for Highlanders
The Invercargill City Council has underwritten the venture to the tune of up to $500,000 in return for one guaranteed game at Rugby Park each year for the next five years.

29.11.15 ODT: Canadian finds his ticket to success
Matthew Davey says the Highlanders helped make him – now he is ready to help return the favour. The Dunedin businessman says he started the company he founded, Ticket Direct, at Carisbrook in 1999, and it has since grown into a multinational entity based in Dunedin.

Related Posts and Comments:
6.10.15 DCC v Tauranga CC + costly stadium cycle/walkway :[
18.9.15 Tsunami stadium #DUD
● 29.7.15 Otago power consumers pay stadium debt, SO SORRY
● 24.7.15 Stadiums: Auckland works to limits —Dunedin, never
30.6.15 DCC low lifes #RugbyDebtStadium
● 18.5.15 DCC laundering – wring out Regent Theatre Trust, pump DVML
● 11.4.15 Stadium Tides = Subsidies (new English)
● 20.3.15 Stadium costs +$20M per annum, against one Fleetwood Mac…
10.3.15 *Surprise!* Farry’s f.u.b.a.r. Stadium not attracting first year Efts
1.3.15 DCC: DCHL/DVL/DVML limited half year result | Term borrowings…
28.2.15 Blonde ‘lawyer’ takes over DVML —expect no change
2.1.15 Stadium: Online petition to pressure $1M donation
14.12.14 ‘Stadium liability’, from the ODT unprintable letters file
1.12.14 Stadium Editorial Support strategy —ODT
1.12.14 Stadium Review: LGOIMA request and 2009 Town Hall speeches
22.11.14 ODT puffery for stadium rousing ?
● 21.11.14 Stadium Review: Mayor Cull exposed
● 19.11.14 Forsyth Barr Stadium Review
15.11.14 Stadium #TotalFail
12.11.14 DVML: Two directors gone before release of stadium review
● 8.10.14 Stadium: Liability Cull warns ratepayers could pay more to DVML
● 6.10.14 Stadium misses —like it would ever happen, Terry
4.10.14 DCHL & DVML: Call for directors
30.9.14 DCHL financial result
● 25.9.14 DVML on Otago Rugby and Rod
13.9.14 DVML and ORFU refuse to disclose 2012 Otago Rugby deal
10.9.14 Stadium: Behaviours at Suite 29 (intrepid tales)
1.8.14 DVML and the “Otago Rugby” deal (sponsorship and payments)
22.7.14 DVML catering and commercial kitchens….
21.7.14 DVML: No harassment policy or complaints procedure II
16.7.14 Stadium: Out of the mouths of uni babes…. #DVML
● 15.7.14 Rugby stadiums not filling #SkyTV
1.7.14 Southern Region, serving itself —or professional rugby (and Sky TV)
27.6.15 Stadium costs $23.4144 million per annum
24.6.14 Stadium: DVML, mothballing, and ‘those TVs’ #LGOIMA
23.6.14 DCC Annual Plan 2014/15 + Rugby and Rates
● 18.6.14 Crowe Horwath Report (May 2014) – Review of DVML Expenses
9.6.14 DVML: Crowe Horwath audit report (Hedderwick)
2.6.14 Stadium costs ballpark at $21.337 million pa, Butler & Oaten
● 20.5.14 Tim Hunter on Ward, McLauchlan, Hayne #Highlanders
7.5.14 Stadium: Jeff Dickie on costs
17.4.14 Aussie wine – NO parallels at DCC/DCHL/DVML/DVL/Delta/ORFU
3.4.14 DVML: Lost in transaction II (flatscreen TVs)
3.4.14 DVML: Lost in transaction (flatscreen TVs)
22.3.14 DVML, ‘Money for jam…..fig jam’
11.2.14 Stadium: ‘Business case for DVML temporary seating purchase’
● 11.12.13 Highlanders “Buy Us” entertainment: Obnoxious, noxious PROFESSIONAL RUGBY —stay away DCC !!!

Posted by Elizabeth Kerr

20 Comments

Filed under Business, DCC, Democracy, DVL, DVML, Economics, Events, Highlanders, Hot air, Name, New Zealand, NZRU, OAG, Ombudsman, ORFU, People, Politics, Project management, Property, Site, Sport, Stadiums

Stadium Tides = Subsidies (new English)

ON TOP OF TICKET PRICES
RATEPAYERS PAY TO GET ACTS TO F.U.B.A.R. STADIUM

An insider said DVML paid $350,000 to get Rod Stewart here.
No doubt it was more.

The stadium is costing ratepayers +$20M pa to stay open.
ODT mentions FLOOD, in a SEA OF COUNCIL DEBT.

Flood - Dave Granlund 129564_600 [cagle.com]

The rising value of New Zealand’s dollar against the Australian had closed the profit gap for promoters considering whether to cross the Tasman or add another Sydney show.

### ODT Online Sat, 11 Apr 2015
Sellout gets promoters’ full attention
By Chris Morris
Australasia’s biggest promoters are promising more big acts as Dunedin’s concert drought threatens to become a flood. Michael Gudinski once vowed never to return to Dunedin. But, more than three years after the accomplished Australian music promoter slammed the “completely unprofessional” managers at Forsyth Barr Stadium, he is back. Mr Gudinski is the man behind Frontier Touring, the company bringing Rod Stewart to Dunedin for tonight’s stadium concert.
Read more

****

IS NICK SMITH PAYING THE PROMOTERS TO BE HERE

### ODT Online Sat, 11 Apr 2015
City in line for more top acts
By Chris Morris
Promoters for some of the world’s top musical performers say Dunedin is now firmly on the radar as a destination for a steady stream of headline acts. The glowing endorsement comes as Forsyth Barr Stadium prepares to host 25,000 fans at tonight’s Rod Stewart show. The concert, being brought to Dunedin by Frontier Touring, has also attracted three of Australasia’s top music promoters to Dunedin, eager to evaluate the event and the venue.
Read more

*ODT understands Stewart is staying at the Scenic Hotel Southern Cross in High St, and that he arrived on Thursday night.

Related Posts and Comments:
20.3.15 Stadium costs +$20M per annum, against one Fleetwood Mac concert….
1.3.15 DCC: DCHL/DVL/DVML … half year result | Term borrowings $586.5M
28.2.15 Blonde ‘lawyer’ takes over DVML —expect no change
21.11.14 Stadium Review: Mayor Cull exposed
19.11.14 Forsyth Barr Stadium Review
15.11.14 Stadium #TotalFail
12.11.14 DVML: Two directors gone before release of stadium review
8.10.14 Stadium: Liability Cull warns ratepayers could pay more to DVML
6.10.14 Stadium misses —like it would ever happen, Terry
25.9.14 DVML on Otago Rugby and Rod
13.9.14 DVML and ORFU refuse to disclose 2012 Otago Rugby deal
10.9.14 Stadium: Behaviours at Suite 29 (intrepid tales)
1.8.14 DVML and the “Otago Rugby” deal (sponsorship and payments)

For more, enter the terms *dvml*, *terry davies*, *orfu*, *nzru*, *stadium* or *flood* in the search box at right.

Flood - Hands-Drowning-Sea [blogs.swa-jkt.com]In which DVML’s Terry Davies buys a house in Dunedin, moves his family here and lives happily ever after.

Posted by Elizabeth Kerr

*Images: (top) cagle.com – Dave Granlund 129564_600; blogs.swa-jkt.com – Hands-Drowning-Sea

35 Comments

Filed under Architecture, Business, Concerts, Construction, CST, DCC, DCHL, DCTL, Democracy, Design, DVL, DVML, Economics, Enterprise Dunedin, Events, Fun, Geography, Highlanders, Hot air, Media, Name, New Zealand, NZRU, OAG, ORFU, People, Politics, Project management, Property, SFO, Site, Sport, Stadiums, Tourism, Town planning, Urban design

DVML: Two directors gone before release of stadium review

Last week at DCC I was asked if I knew Rolfe and Brown had left DVML, I did not although I was aware of the advertising for new directors (see previous posts).
In the ODT story we’re privileged to see the misguided views of Ms Rolfe in lights (what an asset… not meaning the lights!) —hard being the token woman, brain cells would help. And Mr Brown why he can easily think of better boards to decorate, it’s very wise that he moves on.
Public release of the council’s stadium review is now past due. Of course, Dunedin City Holdings Ltd chairman Graham Crombie has diligently attempted to water down the report. A pale shadow by the time it hits the council table then goes public. The unpalatables. And Mr Hansen?

### ODT Online Wed, 12 Nov 2014
Confirmation DVML losing two directors
By Chris Morris
An outgoing director responsible for Dunedin’s Forsyth Barr Stadium says she is leaving with high hopes for the future of the venue.
Jen Rolfe, a Dunedin Venues Management Ltd board member, is one of two directors confirmed to have resigned, along with Peter Brown. The pair’s exit, to be signed off at a DVML board meeting next week, were confirmed yesterday in response to questions from the Otago Daily Times.
Read more

Related Posts and Comments:
8.10.14 Stadium: Liability Cull warns ratepayers could pay more to DVML
6.10.14 Stadium misses —like it would ever happen, Terry
4.10.14 DCHL & DVML: Call for directors
30.9.14 DCHL financial result
25.9.14 DVML on Otago Rugby and Rod
13.9.14 DVML and ORFU refuse to disclose 2012 Otago Rugby deal
10.9.14 Stadium: Behaviours at Suite 29 (intrepid tales)
18.6.14 Crowe Horwath Report (May 2014) – Review of DVML Expenses

For more information, enter the terms *dvml*, *terry davies*, *dchl*, *review* or *stadium* in the search box at right.

Posted by Elizabeth Kerr

7 Comments

Filed under Business, DCC, DCHL, DCTL, Democracy, DVL, DVML, Economics, Events, Highlanders, Hot air, Media, Name, New Zealand, NZRU, ORFU, People, Politics, Project management, Property, Site, Sport, Stadiums

DVML on Otago Rugby and Rod

Received from Anonymous

DVML Otago Rugby waste

Interesting, when DVML and ratepayers have propped up Otago Rugby for such a long time….

DVML Rod-dollars

Nick Smith is being called on to help fund concert bids….

Really quite a sad situation. “DVML staff still bullied.”
“Board members spent a fair time in Suite 29 too.”

Where this will all end we don’t know….

Stadium Review due for public release this month(?) is unlikely to fix it.

Related Posts and Comments:
13.9.14 DVML and ORFU refuse to disclose 2012 Otago Rugby deal
10.9.14 Stadium: Behaviours at Suite 29 (intrepid tales)

For more, enter the terms *dvml*, *orfu*, *nzru* or *stadium* in the search box at right.

Posted by Elizabeth Kerr

17 Comments

Filed under Business, Concerts, DCC, DVL, DVML, Economics, Enterprise Dunedin, Events, Highlanders, Hot air, Name, New Zealand, NZRU, ORFU, People, Politics, Project management, Property, Site, Sport, Stadiums, Tourism

DVML and ORFU refuse to disclose 2012 Otago Rugby deal

Terry Davies [re-imaged screenshot - youtube.com] 1
Dunedin Venues chief executive Terry Davies was asked to release details of the “Otago Rugby deal” struck in 2012 as part of the Otago Rugby Football Union recovery package.

Surprise! Mr Davies and ORFU don’t want you to know how much DVML pays ORFU for each rugby game played at Forsyth Barr Stadium, and given DVML is struggling to meet the sponsorship commitment (see previous post). Worse, DVML keeps paying even though ORFU is now flush with funds.

Just how are these payments passing through Council-owned books? The money comes from your rates; piling on top of every other subsidy DCC is gifting to the stadium and professional rugby.

The 2012 deal involved David Davies, the previous DVML chief executive. Who else was involved at ORFU, NZRU and DCC? Was the Mayor of Dunedin Dave Cull a signatory? More to come.

Correspondence received from Bev Butler
Fri, 12 Sep 2014 at 2:38 p.m.

Message: They really don’t want any part of this agreement out.

From: Terry Davies [DVML]
To: Bev Butler
Subject: LGOIMA request: DVML/ORFU venue hire agreement
Date: Wed, 10 Sep 2014 22:28:54 +0000

Dear Bev

Please find attached a response to your email request dated 27 August 2014 as per below. A copy has been posted to you today.

Yours faithfully
Terry Davies [DVML]

From: Bev Butler
Date: 27 August 2014 10:08:59 am NZST
To: Terry Davies [DVML]
Subject: RE: LGOIMA request: DVML/ORFU venue hire agreement

Thanks, Terry.
I would still appreciate a redacted copy of the agreement.
Thank you.
Regards
Bev

From: Terry Davies [DVML]
To: Bev Butler
Subject: FW: LGOIMA request: DVML/ORFU venue hire agreement
Date: Tue, 26 Aug 2014 04:19:21 +0000
Dear Bev

Thank you for your email below. Please find attached the response which has also been posted to you.

Yours faithfully

[Terry Davies, DVML]

From: Bev Butler
Sent: Monday, 28 July 2014 9:01 a.m.
To: Terry Davies [DVML]
Cc: Sandy Graham [DCC]
Subject: LGOIMA request: DVML/ORFU venue hire agreement

Dear Terry

In 2012 DVML signed a venue hire agreement with the ORFU. I request the following:

1. The date of this agreement;
2. The names of the signatories on the agreement;
3. A copy of this agreement.

Thank you.

Yours sincerely
Bev Butler

Letter from DVML to Bev Butler 11.09.14

█ Download: Letter to Bev Butler 11.09.14 (PDF, 49.4 KB)

Related Posts and Comments:
8.9.14 Jim Harland and the stadium MESS
● 1.8.14 DVML and the “Otago Rugby” deal (sponsorship and payments)
15.7.14 Stadium: Who is being protected?
24.6.14 Stadium: DVML, mothballing, and ‘those TVs’ #LGOIMA
18.6.14 Crowe Horwath Report (May 2014) – Review of DVML Expenses
9.6.14 DVML: Crowe Horwath audit report (Hedderwick)
2.6.14 Stadium costs ballpark at $21.337 million pa, Butler & Oaten
23.5.14 Stadium | DCC Draft Annual Plan 2014/15 ● Benson-Pope…
11.5.14 Stadium: DCC proposes extra funds for stadium debt repayment
9.5.14 DCC Draft Annual Plan 2014/15 Submission by Bev Butler
10.4.14 Stadium: Edgar’s $1m donation (private sector fundraising)
3.4.14 DVML: Lost in transaction II (flatscreen TVs)
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
15.3.14 Mayoral DISGRACE: DCC won’t ask ORFU to repay $480K bailout
14.3.14 ORFU flush to pay creditors
4.3.14 Bev Butler: Guy Hedderwick’s departure package (LGOIMA)
7.9.13 Stadium: $266 million, more or less?
30.7.13 Stadium: Accountability, paper trail leads unavoidably to NEWS
4.7.13 Carisbrook: DCC losses
15.2.13 Carisbrook: Call for OAG investigation into DCC / ORFU deals

Posted by Elizabeth Kerr

*Image: whatifdunedin – re-imaged screenshot from YouTube clip, Terry Davies press conference regarding streaker (ODT 15.6.14)

3 Comments

Filed under Business, DCC, Democracy, DVML, Economics, Highlanders, Name, New Zealand, NZRU, ORFU, People, Pics, Politics, Project management, Property, Site, Sport, Stadiums

DVML and the “Otago Rugby” deal (sponsorship and payments)

Is Terry Davies, chief executive of Dunedin Venues Management Ltd, telling porkies about the “Otago Rugby” deal signed in 2012 ???
(DVML/ORFU/NZRU)

Compare Mr Davies’ reply to Bev Butler today with information Whatifdunedin received from a source in mid-July 2014.

The reply to Question 1.(d) is interesting. Mr Davies states that none of the $3 million sponsorship was paid to ORFU but DVML does provide a staff member to assist ORFU with its sponsorship proposals. This is probably Paul Thompson. The other information from a source claims that DVML has to make up the difference to $1 million per year; this is paid to ORFU if less than $1 million in sponsorship is obtained. So the other staff member only spends one hour per week for six months each year?

Question 3. He says there’s no DVML company record of staff movements and NZ/overseas travel in approaching sponsors. Really? If true, that’s a large management failing which the DVML board is ultimately responsible for.

Why the discrepancies, Terry Davies ????

INFORMATION FROM SOURCE

Received mid-July [paraphrased]
Re the “Otago Rugby” contract – DVML did the Sponsorship but had to guarantee a certain amount. There was a heated exchange over this between Darren Burden (DVML chief executive) and one of his managers who said ‘we work for the ratepayers not rugby’. Burden was going to pay Otago the difference between what was raised and what DVML had to raise in the contract, despite Otago making a profit. The manager said DVML shouldn’t pay Otago, because they were deciding what was sponsorship and what was not.

[One day later]
The Otago Rugby deal is something like this:
DVML assist Otago Rugby with their sponsorship and the target is $1 million per year. DVML’s Paul Thompson was supposed to assist Otago Rugby. In the first two years, sponsorship didn’t reach the $1 million mark.
DVML still pays Otago Rugby to play at the stadium. Ask how much DVML have paid to Otago Rugby in the last two years to keep them afloat despite them making a profit.

[Two days later]
Not sure how it’s recorded in the DVML accounts, it was around $150k in the first year and similar in the second year. This is the difference between the $1 million DVML had to ensure ORFU got for sponsorship and what ORFU got. The deal lasts for three years. So this would be the last.

From: Bev Butler
To: Neville Frost [DVML]
CC: Kim Barnes [DVML]
Subject: LGOIMA Request: DVML Sponsorships
Date: Tue, 1 Apr 2014 08:57:35 +1300

Tuesday 1st April 2014

Dear Neville

It was reported in the ODT (22/03/14) that Mr Guy Hedderwick played an “integral” part in securing over $3 million in sponsorship for the stadium during the period ie Jan 2010 to Dec 2013.

I request:

1.
(a) How much of this $3 million figure has already been paid to DVML?
(b) Does DVML receive the full $3 million or does some other organisation receive some of this $3 million?
(c) How much of this $3 million is earmarked for the ORFU with payments already received or payments yet to be received?
(d) What percentage of the sponsorships secured by Mr Guy Hedderwick and/or other DVML staff does the ORFU receive?
(e) Is the ORFU making any financial contribution to Mr Hedderwick’s salary or expenses? If so, what percentage?

2.
(a) Did Mr Hedderwick’s salary package include commission on any sponsorship agreements he secured in his role as commercial director of DVML?
(b) What percentage commission did Mr Hedderwick receive for the $3 million sponsorship agreements secured as reported in the ODT (22/03/14)?
(c) Did the commission payments received by Mr Hedderwick exceed the salary range as stated in the DVML annual reports? If so, on what date was the DVML board informed of this?

3.
Thank you for your recent email containing the list of Mr Hedderwick’s DVML business trips. In this list the main reason for the majority of these trips was “meet with potential sponsors”. I request the names of the sponsors which Mr Hedderwick was successful at securing coupled with the name of the city where he met these potential sponsors. For your convenience, I have supplied a summary of these cities and the number of times he visited each city. Note I have included only the cities where it is stated the reason for the trip being “meet with potential sponsors”.

City (Number of trips)………Names of Sponsors
Christchurch (11 times)
Singapore (once)
Sydney (once)
Auckland (20 times)
Wellington (4 times)
New Plymouth (once)
Rotorua (once)

Please respond electronically. Thank you.

Yours sincerely

Bev Butler

————————————

From: Bev Butler
To: Terry Davies [DVML]
Subject: LGOIMA Request: DVML Sponsorships
Date: Tue, 17 Jun 2014 07:06:59 +1200

Dear Mr Davies

I understand the LGOIMA request I sent below was delayed due to the investigation by Crowe Horwath. Now that the Crowe Horwath report has been released and the report does not answer these questions would you please respond to my LGOIMA request.

Thank you.

Yours sincerely

Bev Butler

————————————

From: Bev Butler
Sent: Monday, 28 July 2014 2:51 p.m.
To: Terry Davies
Subject: FW: LGOIMA Request: DVML Sponsorships
Importance: High

Monday 28th July 2014

Dear Terry

The LGOIMA request below is still outstanding and has now breached the 20 day requirement under the provisions of LGOIMA.

I would appreciate a response to this request.

Thank you.

Yours sincerely

Bev Butler

————————————

From: Terry Davies [DVML]
To: Bev Butler
Subject: FW: LGOIMA Request: DVML Sponsorships
Date: Fri, 1 Aug 2014 02:56:12 +0000

Dear Bev

Further to your email dated 28 July and original request of 1 April, please find attached the response. A copy of the letter has been posted to you today.

Yours faithfully
Terry Davies

CEO [DVML]

B Butler 310714 (PDF, 82.8 KB)
Terry Davies letter 1.8.14 (2)

Crowe Horwath report cover (May 2014)

Crowe Horwath Report – Review of DVML Expenses (PDF, 363 KB)

Posted by Elizabeth Kerr

3 Comments

Filed under Business, Democracy, DVML, Economics, Highlanders, Name, New Zealand, NZRU, ORFU, People, Politics, Project management, Sport, Stadiums

Crowe Horwath Report (May 2014) – Review of DVML Expenses

Dunedin City Council released the following report through the LGOIMA process, in reply to Bev Butler who lodged an information request.

The report by independent auditors Crowe Horwath investigates the work expenses of DVML’s ex Commercial Manager, then part-time contractor Guy Hedderwick.

Crowe Horwath report cover (May 2014)

Download: Crowe Horwath Report – Review of DVML Expenses (PDF, 363 KB)

NOTE: The report is not the result of a forensic audit, which should now take place to provide clarification for Mr Hedderwick and his manager.

QUESTION: Why is Dunedin City Council not seeking requirement for a forensic audit?

Related Post and Comments:
9.6.14 DVML: Crowe Horwath audit report (Hedderwick)
22.3.14 DVML, Money for jam…..fig jam’ [see links provided]
4.3.14 Bev Butler: Guy Hedderwick’s departure package (LGOIMA)

Posted by Elizabeth Kerr

6 Comments

Filed under Business, DCC, Democracy, DVML, Economics, Highlanders, Media, Name, New Zealand, ORFU, People, Politics, Project management, Site, Sport, Stadiums

DVML: Crowe Horwath audit report (Hedderwick)

Updated post 17.6.14

Crowe Horwath Report – Review of DVML Expenses (PDF, 363 KB)

Dunedin City Council has released a report recently completed by independent auditors Crowe Horwath, into the work expenses of DVML’s ex Commercial Manager then part-time contractor Guy Hedderwick. ODT reporter Chris Morris is covering the story.

[Received]

Readers of this site will recall the efforts that campaigner Bev Butler went through to track down the expenditure incurred by Guy Hedderwick while he was the Commercial Manager for Dunedin Venues Management Ltd (DVML).

After much effort through the LGOIMA process Ms Butler was told that Mr Hedderwick had run up bills of nearly $80,000 during 51 work-related trips since 2010.  

Readers will also recall the reaction by Neville Frost, DVML’s Finance Manager (ODT 22.3.14), who labelled Ms Butler’s claims of this expenditure as “completely inaccurate and ill-informed” while accusing her of “disgraceful” conduct and that she was “lacking in personal integrity”.  

Readers should now be fully informed that the figure of nearly $80,000 was indeed incorrect. The figure arrived at in the report compiled by Crowe Horwath is $144,879 – the amount released by Mr Frost in response to Ms Butler’s LGOIMA request has nearly doubled.

Readers should also be informed that the report found there was almost $4,000 spent by Mr Hedderwick with no evidence of what it was spent on; and a total of over $34,000 with no evidence of any approval.  

City ratepayers now need real answers to some basic questions.

1. Why, when Neville Frost was required to provide accurate information under an LGOIMA request on Guy Hedderwick’s expenditure, did he provide information that was inaccurate and misleading? Readers should not need to be reminded that when Steve Prescott, Manager of Aquatic Facilities at the DCC, did just this recently he resigned.  

2. Now that the full extent of Guy Hedderwick’s spending has been revealed by the Crowe Horwath report, can DVML still maintain as Neville Frost did in his press release, that it was “frugal”?  

3. What is DVML doing to obtain refunds from Guy Hedderwick on those sums incurred where there was no approval, or where there was no evidence of what the expenditure was for? For expenditure where there was no approval, is Neville Frost or Darren Burden at fault for lack of oversight and lack of management, and if so, should they be also responsible for repayment?  

4. What benefit to DVML and the ratepayers occurred from this $144,879 expenditure? Guy Hedderwick seems to have had carte blanche to travel at his own whim and it appears that DVML can’t point to any general or particular benefit from any of it.  

5. What accountability will be enforced by DCC, on behalf of the ratepayers, on the actions of Guy Hedderwick, for Neville Frost’s failure to both financially control this expenditure and to mislead and misinform both Bev Butler as the LGOIMA requestee and the general public by the content of his press release, and on the Board for its failures to contain costs?  

6. A full, comprehensive and public apology must be obtained from Neville Frost for his disgraceful and inaccurate statements made in his press release of March 22, 2014.

Note: Thanks to Bev Butler and Russell Garbutt for these statements.

Related Posts and Comments:
22.3.14 DVML, Money for jam…..fig jam’ [see links provided]
4.3.14 Bev Butler: Guy Hedderwick’s departure package (LGOIMA)

Posted by Elizabeth Kerr

59 Comments

Filed under Business, DCC, Democracy, DVML, Economics, Events, Hot air, Name, New Zealand, ORFU, People, Politics, Project management, Sport, Stadiums, Tourism

DCC: Audit and risk subcommittee

Do you believe “anything” Audit New Zealand says after DCC decided to build the stadium with such a BAD business case? NOPE

[NZ Farce] Ratepayers needed to know they were getting as good a service as any other ratepayers would get from other councils. –Lothian

### ODT Online Wed, 28 May 2014
Financial stability still a risk, committee told
By Debbie Porteous
Financial sustainability, a new funding model for Forsyth Barr Stadium and detecting potential fraud might be its highest priorities risks, Audit NZ has suggested to the Dunedin City Council’s new audit and risk subcommittee. Complying with legislation was not such an issue for the council, but it should work on putting all its management policies and procedures into one document so there was broad understanding of everything happening in that area, Audit NZ audit director Ian Lothian said.
Read more

Audit and Risk Subcommittee:
Susie Johnstone, chairwoman (accountant)
Cr Richard Thomson
Cr Chris Staynes
Cr Hilary Calvert
Janet Copeland (employment law specialist)

● City councillors may attend all meetings of the subcommittee.

Posted by Elizabeth Kerr

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DCC Draft Annual Plan 2014/15 Submission by Bev Butler

Received Friday, 9 May 2014 at 12:00 p.m.

Submission to DCC Annual Plan 2014/15 by Bev Butler

Thank you for the opportunity to speak to my submission.

I would like to express my support for the stadium review announced a few months ago.

Stadium Review

Due to concerns expressed by various members of the community, and my own growing concerns about the stadium issue, I decided to enquire into spending by DVML, through LGOIMA. It soon became clear that inappropriate spending had been occurring for some time within DVML eg hotel bills for up to $US350 per night etc. Purchase of boys t-shirts, gloves, hat, chewing gum and shaving gear. These are not business expenses. It is clear from some of the expenditure claimed that there is an ingrained sense of entitlement, which is unacceptable.

I understood that Council staff have been committed to curbing their budgets because of the debt problem and were unhappy to see the unbridled spending occurring within DVML. It wasn’t without its difficulties to obtain this information – DVML didn’t release it willingly. DVML treated the request as an imposition rather than an obligation. I was however – persuasive. Without the mechanism of LGOIMA requests some of this information may not have seen the light of day and hence steps made to address this wastage. It was reported in the ODT recently that DVML are now looking into charging for the future release of information. I believe this is a retrograde step: the purpose of acquiring official information is an important check on how public officers use public money or carry out their duties. Without it, unbridled corruption could occur.

Unfortunately for the Carisbrook Stadium Trust, they also operated inappropriately never dreaming that a group of citizens including myself would request information officially to expose their inappropriate spending. In fact, the former CEO, Jim Harland, informed me in 2008 that the CST was not subject to LGOIMA. What Mr Harland failed to tell me was that he had sought two legal opinions which both confirmed that CST was subject to LGOIMA through the DCC under section 2(6). To this day, Mr Malcolm Farry still shows considerable resistance to this and I have had to make several complaints to the Office of the Ombudsman. Mr Farry could have been prosecuted under the Ombudsman Act for his obstructiveness in releasing certain information should the Ombudsman have chosen to do so.

Why has this group of citizens continued to obtain information about the construction of the stadium? After all, it is now built and why don’t people just move on, as some say. I shall now explain why many people have not let go as would normally be expected.

Some may recall after the Christchurch earthquake there was a news item on TV1’s Close Up program. Shock and horror was expressed over invoices being sent to Christchurch residents for repair of their chimneys damaged in the quake. These invoices were for $2,000 and criticism was expressed at so little detail on these invoices. They just stated labour and materials $2,000. This was considered completely inappropriate invoicing and at the time there were questions of possible fraud.

Well, those quake invoices pale into petty significance compared with the CST invoicing. The CST presented millions of dollars worth of invoices to the DCC with merely two words on them: “Trust costs”. And, furthermore, this is after the Auditor General stated in his September 2007 report that no payments would be made to the CST without detailed invoices.

The former DCC Chief Financial Officer also sent me a letter in October 2007 stating that no CST invoices would be paid without third party invoices to support them. It was recently stated in an official information request that these third party invoices do not exist. In response, Mr Farry has now produced some paperwork, which the DCC is processing. This should have been done at the time and not retrospectively. When discussing this with a lawyer I said that the CST invoice process left the door wide open for fraud. The lawyer’s response was: “Not an open door, Bev, but a bloody great cavity!”

I emphasise that I am not saying that fraud occurred, what I am saying is the process was so flawed that no-one would know whether fraud had occurred or not. There is no statute of limitations on private or public fraud. According to the CST financial statements presented to the Charities Commission more than $71 million of public money went through this Trust. Every single dollar must be accounted for. Personally, I think it appalling that the process was so sloppy given that all the CST trustees are so-called top business people including two accountants. At best it shows the sheer arrogance of those trustees. I have also found other unexplained discrepancies in some of their financial reporting which I will deal with in another forum.

Another reason why a group of citizens are still investigating the stadium is because we believe criminal activity may have occurred.
So the issue is not whether you are pro or anti stadium but whether you are pro or anti corruption.

Outcomes from the stadium review

What I hope eventually comes out as a result of the stadium review includes:

1. A cost/benefit analysis of all the possible scenarios for the stadium including:
(a) Retaining the stadium under DVL ownership and DVML management
(b) Bringing the stadium “in house” under direct DCC ownership and management
(c) Privatising the stadium
(d) Mothballing the stadium until the private funding is raised as was promised by the CST prior to the stadium construction.

2. A cost/benefit analysis of the natural turf vs artificial turf .

3. An honest, full analysis of the entire stadium costs – by this I mean a report showing ALL annual costs of the stadium including DVML costs, DVL costs, DCHL costs (including from all the companies directly and indirectly). Ratepayers deserve an honest assessment – it won’t make ratepayers feel any better but at least we will know the full extent of the cost of the stadium. Many people think that the stadium costs Council just a million or two per year when in actual fact it is costing Council approximately $20 million per year overall, directly or indirectly. Ratepayers have a right to know. It is also very difficult to expect Council to make decisions when they are not presented with the full extent of stadium costs.

4. A formal request from the Council for the CST to front up with the three $1 million donations for construction which Mr Farry very excitedly announced in 2007. None of these donations have materialised nor has Sir Eion Edgar’s $1 million donation he announced in DScene in August 2009. A request for interest on late payment at market rates would also be appreciated.

5. A request for an increase in payment for naming rights from Forsyth Barr to keep it in line with what was initially promoted to Council by the CST’s agent The Marketing Bureau. Council was told naming rights were worth over $10 million but Forsyth Barr is only paying $5 million. Eion Edgar is trying to double count his $1 million ‘donation’ as being part of the $5 million naming rights. Naming rights are a corporate contract not a ‘donation’. As a trustee of a number of Charitable Trusts Sir Eion Edgar knows this. He can’t have it both ways.

6. A review of the Stadium Hire Agreement with the ORFU. David Davies, a former CEO of DVML, said ratepayers would be very angry if they knew what was in it – obviously this agreement is not advantageous to the ratepayer. So much so the ORFU are in a position where they only need to sell 200 tickets to break even.

7. No DVML staff should be working for the ORFU – ORFU is a private business and it is not up to the ratepayer to be subsidising the Union through providing staff support.

8. An assessment of the estimated substantial maintenance costs which are looming as reported in the DVML/DVL annual reports. Part of the projected $188 million (‘not one dollar more’) construction cost was a $6.4 million maintenance fund, which never eventuated, like the $45 million ($55 million including interest) in private funding for the construction lie.

Finally, the inappropriate spending, which occurred in the CST and continued through DVML when CST staff transferred to DVML, needs to be addressed. The community were provided with misleading information throughout the stadium construction but thankfully there is a democratic process in place which allows these matters to be exposed, to prevent this from happening in the future and bring those responsible to account.

[ends]

Posted by Elizabeth Kerr

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Stadium: No 4 at interest.co.nz

Link received from Martin Legge
Monday, 27 January 2014 11:44 a.m.

### interest.co.nz January 27, 2014 at 10:30am
Opinion
Monday’s Top 10: New view on mobility; Dunedin’s problem; multinationals and climate change; end of low rents; gold’s odd demand/price setting; Dilbert, and more
Posted by David Chaston
Here’s my edition of Top 10 links from around the Internet at 11:00 am today. We now have a Monday-Wednesday-Friday schedule for Top 10.

interest.co.nz 27.1.14 [screenshot] [screenshot – click to enlarge]

Interest Link

The Press 28.6.13 Uncovered stadium possible, Parker says

Related Posts and Comments:
25.1.14 Stadium: Some helped it along, or themselves!
24.1.14 Stadium: It came to pass . . .

Posted by Elizabeth Kerr

24 Comments

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Stadium: It came to pass . . .

A rather short-term vision, it turns out, Forsyth Barr Stadium was pitched as a multi-purpose stadium for Dunedin —a necessary investment in the future of the city. At various stages of development the building was also known as Dunedin Stadium, Awatea Street Stadium, New Carisbrook, or its non-commercial official name during the 2011 Rugby World Cup, Otago Stadium. Colloquially, it’s ‘The Glasshouse’, given the resemblance to a horticultural hot house.

The glasshouse-fubar though, has bred of itself a bloated money-sucking monster for DCC, ratepayers, and residents. For accountability and transparency, need we ask if fumigation and sterilisation are enough to eradicate white collar aphids and fungal rorting?

But what happens if the wilting irreparable (no maintenance budget…) stadium also has rugby tests forcibly ‘removed’? Too late, already happened. Bring in the moths, or more of the hopeless ratepayer subsidies?

You want to know how the ‘private th-robbing vision’ of St Farry of Saint Clair (now Queenstown) can possibly be re-envisioned against mountainous council debt? Well, what about recouping lost millions from the stadium’s privateering progenitors?

With yesterday’s dose of “antiseptic sunshine” from DCC chief executive Sue Bidrose (also administered beforehand as DCC quietly mustered its forces) the community stands a good chance to end seven years or more of serial manipulation as the council gullibly, knowingly or otherwise takes the worst ride of its corporate and financial history.

The review of Forsyth Barr Stadium will encompass the entire operating model, from the company operating structure to the way the stadium is run on the ground —done in conjunction with Dunedin Venues Ltd, the parent company, Dunedin Venues Management Ltd, which operates the stadium, and the council’s holding company.

The review will be presented to council mid year, if not sooner, and be accompanied by OPTIONS.

Sue Bidrose CE [dunedintv.co.nz] 3The abrupt announcement of the pending review by council chief executive Sue Bidrose at the Draft Annual Plan 2014/15 meeting yesterday was no doubt astonishing to many present. It showed considerable strength, intelligence and temerity on her part —here is, “good leadership”. As we consider the implications and all facets of what the investigation can begin to reveal, Sue Bidrose should understand that she is supported both from inside and outside this council. There’s agency ‘around about’ geared to elicit information the council isn’t in a position to gather itself.

****

### ODT Online Thu, 23 Jan 2014
Review as council seeks stadium solution
By Debbie Porteous
The Dunedin City Council is to do a fundamental review of the operating and funding models of the Forsyth Barr Stadium, which continues to be unable to meet its budget. Chief Executive Sue Bidrose informed the council this morning that she had instigated the review as it became increasingly obvious the original model for running the stadium, which was set up to suggest the stadium could pay its own way, was “fundamentally optimistic”.
Read more

****

### dunedintv.co.nz January 23, 2014 – 7:23pm
Full review of Forsyth Barr Stadium’s finances to be undertaken
By David Loughrey
The DCC is about to undertake what its chief executive has called a complete and fundamental review of the Forsyth Barr Stadium’s finances. The unexpected announcement came early in the piece, as the council sat to consider its next year’s budget. And ratepayers wary of more of their money heading towards the stadium will be disappointed to hear the review itself will cost them.
Video

Bev Butler [dunedintv.co.nz]

****

### radionz.co.nz Updated about 1 hour ago
RNZ News
Reporting by Ian Telfer
Dunedin stadium facing review
The Dunedin City Council says the South Island city’s struggling stadium is being reviewed because it will never make money the way it is run. The announcement was made by the council’s new chief executive, Sue Bidrose, at the start of annual budget setting meetings on Thursday morning.
The $230 million stadium opened in 2011 to replace the Carisbrook ground, but controversy has continued over its construction costs and resulting council debt.
Dr Bidrose said it had become increasingly obvious that the existing model set up to manage and operate the stadium and its finances was broken. She said the stadium’s original budgets were too optimistic and it would never be able to raise the $9 million needed to break even. This year, it has a funding gap of $100,000 or $200,000 and the problem will get worse without a better structure.
Dr Bidrose said some point there has to be a trigger to make a change – and that point is now. The full review will look at everything and put everything possible into the public domain.
A leading opponent of the stadium says she knew it would never pay its way. Bev Butler, the former president of the Stop the Stadium group, says the review vindicates her work. “This is what the debate was about. This is where there were hundreds and hundreds of submissons – high quality submissions telling the council that this is what the peer reviews said and the council ignored it.” Ms Butler says she expects the council will one day have to mothball the stadium because the city cannot afford to run it.
RNZ Link

Radio NZ National – Checkpoint
Dunedin’s stadium would never pay its way, full review ordered
Reporting by Ian Telfer
17:23 It’s been revealed Dunedin’s 230-million-dollar stadium will never pay its way, prompting the city council to order a full ground-up review, including looking at privatising it.
Audio | Download: Ogg MP3 (3:01 )

Posted by Elizabeth Kerr

*Image: dunedintv.co.nz – Sue Bidrose re-imaged by Whatifdunedin

147 Comments

Filed under Business, Construction, CST, DCC, DCHL, DVL, DVML, Economics, Events, Media, Name, New Zealand, ORFU, People, Politics, Project management, Property, Site, Sport, Stadiums, Town planning, University of Otago, Urban design, What stadium

DCC: New chief financial officer

### dunedintv.co.nz October 14, 2013 – 6:36pm
DCC appoints new chief financial officer
The DCC has appointed the University of Otago’s director of financial services, a former Allied Press accountant, as its chief financial officer.
Grant McKenzie [ODT files]Grant McKenzie has been chosen for the newly created role, with responsibility for the management of the council’s group finances.
A graduate of the University of Otago, McKenzie has a Bachelor of Commerce, majoring in accounting, is a chartered accountant, and a member of the Institute of Directors.
His role will include the provision of financial advice and support to the board of Dunedin City Holdings Limited, which looks after the council’s group of companies.
Ch39 Link

Dunedin City Council – Media Release
Group Chief Financial Officer Appointed

This item was published on 14 Oct 2013.

The University of Otago’s Director of Financial Services, Grant McKenzie, has been appointed as the Dunedin City Council’s Group Chief Financial Officer (GCFO).

Announcing the appointment of Mr McKenzie to this newly-created role, DCC Chief Executive Paul Orders says, “Grant will bring a wealth of knowledge and experience to the role and will be instrumental in ensuring the effective and efficient management of DCC group finances.”

Mr McKenzie is a graduate of the University. He has a Bachelor of Commerce, majoring in accounting, and is a Chartered Accountant. He is also a member of the Institute of Directors.

For the past eight and a half years, Mr McKenzie has been the University’s Director of Financial Services. In this role he has been responsible for the overall accounting function for the University and the wider University group.

Mr McKenzie is a director for several subsidiary companies within the University group, including the University of Otago Foundation Studies Limited, Unipol Recreation Limited and University Union Limited. He is also an elected trustee of the New Zealand University Superannuation Scheme.

Before working at the University, Mr McKenzie was the Group Accountant at Allied Press Limited. He has also worked for Dunedin business advisory firm Taylor McLachlan.

Mr McKenzie says, ”I’m very pleased to have been appointed to the role and look forward to the new challenges ahead.”

The new position of Group Chief Financial Officer replaces the DCC’s Chief Financial Officer (currently a vacant post),with the role expanded to include the provision of financial advice and support to the Board of Dunedin City Holdings Limited (DCHL). The role will also create more cohesive financial management between the DCC and Dunedin City Holdings Limited. Twenty eight applications were received for the position, from New Zealand and overseas.

DCHL Chair Graham Crombie says, “I’m really pleased Grant is joining us and look forward to having his experience and ideas around the table.”

The current position of Chief Executive of DCHL will be disestablished when Mr McKenzie takes up his GCFO role in late January. Mr Crombie says the significant contribution of DCHL Chief Executive Bevan Dodds will be recognised and an appropriate handover arranged.

Contact Chief Executive, Dunedin City Council on 477 4000.

DCC Link

Related Posts and Comments:
21.3.13 DCC: Opportunity created by Stephens’ departure
15.3.13 DCC: Stephens gone. It took way too long.

Posted by Elizabeth Kerr

2 Comments

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Larry Mitchell: 2012 Local Govt League Table Summary

Press Release
Councils continue to struggle and spend … May 25th Release of the League Table

2012 Local Government League Table Executive Summary

• The 2012 LGLT covering all 67 New Zealand territorial local authorities ‘fits’ neatly within the Government’s recent announcements of local government reforms and validates (from its data) public concerns of some poor Council performance. No Council scores higher than 36 out of 50 for the financial and economic metricated measures of the LGLT;

• The bulk of Councils score only ‘Fair’ results (with scores of from 23 to 30 on the 50 point metric scale) and are ranked in a range from 31st to 57th out of 67 compared to their peers;

• Auckland Council has yet to provide meaningful public information on its financial performance improvement programmes. No useful Auckland Council comparisons with the pre-amalgamation financial and economic status of its seven predecessor Councils has been provided by which the Auckland Council’s comparative post-amalgamation performance could be gauged;

‘At risk’ Councils – the ten poorest performers – whose ‘stats’ indicate a combination of unsustainable Council finances and/or unaffordable rates or charges include the Kaipara District (whose present difficulties are well known). Kaipara is the biggest downgrade dropping 49 places to 65th out of 67 for its metric results – plus it receives a double red traffic light downgrade warning;

• Hauraki and Upper Hutt have regressed, the latter has dropped 15 places to 58th … in spite of recent announcements that the Mayor and Council have declined their increased salaries! Kaipara and Tararua have yet to file audited accounts;

• The ‘Southern Scots’, Clutha and Southland Districts have swapped the top two places at the head of this (parsimonious) League Table;

• The LGLT uses financial and economic assessment ratios closely allied to the measures that by law will soon be introduced for all Councils relating to their financial management performance and public reporting;

• The 2012 League Table indicates little overall performance improvement in 2011-2012;

• The metric measures have scarcely moved from an average of 30 out of 50 last year to 29 out of 50 in 2012. The consistency of these results over the three or more years of the assessments suggest a reliability and robustness of the methodology;

• Two Councils – Queenstown and Carterton are the biggest improvers both making the top 10 for the first time.

All enquiries to Larry.N.Mitchell, Finance & Policy Analyst (Local Government)
Phone 09 4220598, email larry at kauriglen dot co dot nz or see website www.kauriglen.co.nz/larry select BASE STATS WITH TRENDZ/LEAGUE TABLE.

Posted by Elizabeth Kerr

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Filed under Business, DCC, Economics, Media, Name, People, Politics, Project management

Dunedin City councillors, contact the ‘audit commission’ immediately

Councillors, gleaning from press statements and your preliminary discussion of the (draft) Annual Plan 2012/13—as relates to the Long Term Council Community Plan (LTCCP)—it appears that your chief financial officer has unilaterally committed the Dunedin City Council to a 40-year stadium debt plan – without your knowledge and vote of approval, with serious financial implications.

Whether this is true or not, you have a PROBLEM.

Agree to open the council books, and those of the related entities including DCHL, CST, DVL, and DVML, for a full independent forensic financial investigation, now.

Today:
http://www.odt.co.nz/news/dunedin/195506/surprise-over-stadium-debt-repayment

8.49am farsighted
http://www.odt.co.nz/news/dunedin/195506/surprise-over-stadium-debt-repayment#comment-26926

8.50am Anonymous
https://dunedinstadium.wordpress.com/2012/01/19/dcc-draft-annual-plan-201213/#comment-21018

10.01am wylja88p
http://www.odt.co.nz/news/dunedin/195506/surprise-over-stadium-debt-repayment#comment-26931

11.53am Anonymous
https://dunedinstadium.wordpress.com/2012/01/19/dcc-draft-annual-plan-201213/#comment-21027

3.37pm farsighted
http://www.odt.co.nz/news/dunedin/195506/surprise-over-stadium-debt-repayment#comment-26946

What if? Dunedin… post and comments on 40-year debt plan, see DCC Finance, Strategy and Development Committee (from 1.9.11 onwards)

Posted by Elizabeth Kerr

43 Comments

Filed under CST, DCC, DCHL, DVL, DVML

Out now! Dunedin Maritime News

One man goes home happy, Calvin Oaten reports.

“Never mind sport and FIFA, it is the summer cruise season and I have just received in my letter box a brochure from the Dunedin Adventure Cruise Line. On the cover is a “Happy Holidays” etched in the sand. It is of course only as good as the next tide.”

A comforting read…

Posted by Elizabeth Kerr

3 Comments

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