The Local Government Act 2002 (the “Act”) requires the Council to adopt a Revenue and Financing Policy which ensures that operating revenue is set at a sufficient level to meet the projected operating expenses, and that sources of funding are sufficient to meet capital expenditure. This policy will ensure the Council’s community plan is financially sustainable and that debt is maintained at a manageable level. Included within the policy is a requirement to produce a balanced budget as defined in section 100 of the Act.
The Revenue and Financing Policy sets the context for rates, revenue charges, and capital expenditure funding, all of which are disclosed in the Funding Impact Statement. It has been developed within the context of the other financial policies of Council, and will apply for the next three years.
The Revenue and Financing Policy is amended this year to reflect a change in rating structures. The refuse collection and disposal services are changing from a black bag and recycling bin to a three bin service. The new service includes the collection of organic waste and will be introduced progressively from February 2009. The Council has concluded that a change to the rate recovery process should be made from 1 July 2008 to better reflect the rate impact and benefit distribution.
New Waste Minimisation Targeted Rates will be introduced from 1 July 2008. The base rate will be charged on a uniform basis to every rating unit which receives the service (or separately occupied part) and will fund the recycling and organic waste collection and disposal costs. Secondly, a new targeted rate will be charged to those few rating units on the Banks Peninsula who use a refuse depot instead of the kerbside collection.
The residual cost of refuse minimisation and refuse disposal will be funded by General rates.
Under the Local Government Act 2002 Audit New Zealand is required to audit any amendments to the LTCCP. The report is available below.
This report dated 30 June 2006 relates to the Long Term Council Community Plan (the LTCCP) for the 10 years commencing 1 July 2006, approved by the City Council on 30 June 2006. On 28 June 2007, the City Council adopted amendments to its LTCCP for the 10 years commencing 1 July 2006 by replacing its Development Contributions Policy with a new policy; supporting a funding proposal for the redevelopment of Jade Stadium; including a statement that it intends to sell an endowment property and including reference to the establishment of new council-controlled organisations.
On 26 June 2008 the City Council adopted amendments to its LTCCP for the 10 years commencing 1 July 2006 to implement the waste minimisation strategy contained in the Waste Management Plan 2006, in particular to introduce a new system for the kerbside collection of waste, organic waste and recyclable materials, and to amend the revenue and financing policy.
The City Council has not prepared an amended LTCCP that incorporates these amendments. Consequently, to form a view of the LTCCP of the City Council, the content of the LTCCP to which this report relates should be considered in conjunction with the City Council’s adopted amendments. There is no legislative requirement for us to report on the adopted amendments and we have not done so.
This report relates to the LTCCP of Christchurch City Council for the ten years commencing 1 July 2006 which was approved by the City Council on 30 June 2006 included on Christchurch City Council’s web-site. The Council is responsible for the maintenance and integrity of the Christchurch City Council’s web site. We have not been engaged to report on the integrity of the Christchurch City Council’s web site. We accept no responsibility for any changes that may have occurred to the LTCCP since it was initially presented on the web site.
The report refers only to the LTCCP named above. It does not provide an opinion on any other information which may have been hyperlinked to/from the LTCCP, including the adopted amendments to the LTCCP published by the City Council and which has not been incorporated with the content of the LTCCP to which this report relates. If readers of this report are concerned with the inherent risks arising from electronic data communication they should refer to the published hard copy of the LTCCP incorporating volumes 1 and 2 approved on 30 June 2006 and the related audit report dated 30 June 2006 to confirm the information included in the LTCCP presented on this web site.
The preparation and dissemination of the LTCCP is governed by New Zealand legislation.