Council projects $1.9m surplus
A projected $1.9 million surplus in Matamata-Piako District Council’s finance report highlights that it holds a tight grip on its finance.
This was evident in council’s audit and risk committee’s meeting recently.
The committee heard how targeted rates including metered water rates for large users, an increase in the ratepayer base and rates penalties, coupled with lower internal costs have been drivers of the council’s surplus
Starting the meeting, a discussion took place relating to the costs associated with charges to the council for its tri-annual report.
Cost comparisons revealed an anomaly with larger councils. Hastings and Ashburton audit costs were significantly lower than those charged for MatamataPiako.
Committee chair Sir Dryden Spring questioned the auditors office representatives at the meeting.
‘‘Why the increase when compared to other years?’’
Not happy with a disparity of $20,000 over the period, Ash Tanner called for an investigation as to how the increase occurred given the amount of work done by council staff in preparing the accounts for audit.
Business support manager Manaia Te Wiata said he asked the audit office what his staff could do better during the audit process, but never had a response.
Ensuring the costs of the council’s three major projects for the year remain stable was also tabled showing the Mt Misery Reservoir project six weeks behind its estimated completion date. The cost of the project is still below its original budget.
Five tenders between $5.4m and $5.7m were considered for the Matamata Civic Centre rebuild.
A funding submission to the Ministry of Business Innovation and Employment from the national cycleway fund is to be made by The Hauraki Rail Trail Charitable Trust on behalf of the Hauraki and Matamata-Piako district councils.
Because the Te ArohaMatamata trail is in the Matamata-Piako district, funding of $3m has been allocated in the long term plan for this project and any funding received from MBIE will be shared by Hauraki district which is involved in the KopeKaiaua section.
Sir Dryden Spring, keeping a tight grip on the reigns of finance and compliance as chair of the Matamata-Piako District Council’s audit and risk committee.
The multi-million dollar contract to build the new Matamata-Piako Civic and Memorial Centre, in Matamata, was awarded to Stanley Construction.