Council meeting wrap

Council finances on track

Council is heading into Christmas with finances on track.

Council ended the four months to the end of October with a $2m operating surplus and operating expenses on track, elected members were informed at a Council meeting today.

While capital spending at the end of the quarter was behind budget, this is expected to increase over the summer construction period as projects get underway.

Total income is tracking unfavourably against budget with a $5.1m variance although this is mainly due to capital grants and subsidies not yet being received. These are received from external parties such as Central Government or government agencies as contributions towards capital projects and are received once work starts or as milestones are reached.

The next financial report will include the operations of what was formerly InfraCore and will exclude events and venues which have now shifted to RotoruaNZ.

See the full financial report on p22 of the Council meeting agenda

See the presentation slides relating to this matter at the following link on Council’s website: ECM_21051554_v1_RLC financial presentation_October 2024

Go directly to this part of the meeting recording via the following link in the YouTube recording of the meeting: https://youtu.be/bsOTTfUUyIU?t=1364

Also on today’s agenda . . .

Public forum: Representatives of the Waikite Valley Community Collective spoke about their opposition to a prisoner reintegration programme proposed for a site in the rural community and Jarod Adams spoke about the public forum application process and what he saw as a lack of accessibility to two-way dialogue with elected members.

Go directly to this part of the meeting recording via the following link in the YouTube recording of the meeting: https://youtu.be/bsOTTfUUyIU?t=528

Meetings schedule: Council approved the Schedule of Meetings for the period 1 January 2025 to 31 October 2025.

View the draft schedule at the following link on Council’s website: Attachments of Council Meeting - Wednesday, 27 November 2024

Go directly to this part of the meeting recording via the following link in the YouTube recording of the meeting: https://youtu.be/bsOTTfUUyIU?t=1946

Museum exhibition steering group terms of reference: This matter was dealt with in confidential to protect people’s privacy.

Today’s meeting was livestreamed and you can watch the full recording at the following link on Council’s YouTube channel: Rotorua Lakes Council Meeting - 27 November 2024