$881,000 sur­plus re­ported

Stratford Press - - News - By ALICE COWDREY

Strat­ford Dis­trict coun­cil­lors re­ceived the coun­cil’s an­nual re­port for the year dur­ing an ex­tra­or­di­nary meet­ing last Tues­day.

The coun­cil fin­ished the year with an op­er­at­ing sur­plus of $881,000, com­pared to a bud­geted sur­plus of $263,000. The dif­fer­ence was pri­mar­ily due to ad­di­tional sub­sidy rev­enue from the NZ Trans­port Author­ity.

The state­ment of fi­nan­cial po­si­tion showed eq­uity was less than coun­cil an­tic­i­pated, which is pri­mar­ily due to the lesser than pre­dicted in­crease in coun­cil’s as­set val­ues as a re­sult of the reval­u­a­tion in July 2016.

The au­dit pro­vides an overview of coun­cil’s per­for­mance and keeps things trans­par­ent for ratepay­ers and it re­ceived an un­mod­i­fied opin­ion from Au­dit New Zealand, as pre­sented at the meet­ing by au­dit di­rec­tor An­drew Clark. An­drew com­mended coun­cil staff for the hard work they put into the re­port.

Strat­ford mayor Neil Volzke says the fact coun­cil had man­aged to fin­ish the year on the right side of the ledger was pos­i­tive.

He noted that the coun­cil had achieved an “out­stand­ing feat” around drink­ing wa­ter com­pli­ance.

All three of the coun­cil’s wa­ter schemes achieved full com­pli­ance for the past fi­nan­cial year.

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