Official Information Request - Council's Debt
Sent: Friday, May 6, 2022 12:00 PM
Subject: LGOIMA request - Council's debt
I refer to your online official Information request of 4 May 2022 regarding Council’s debt.
Council is not obliged to create information to answer an official information request. However, I refer you to Council’s website for the 2021 Annual Report and 2021-2031 Long-term Plan where you can obtain the information needed to perform the calculations you require.
The relevant pages in these documents are:
What is the amount of interest paid on debt annually? | Annual Report, p97, Note 3 Finance revenue and costs |
What is the amount of principal paid on debt annually? | Annual Report, p88, Statement of Cash Flows |
What is the amount of interest paid annually as a proportion of total revenue? | Total Revenue – Annual Report, p85, Statement of Comprehensive Revenue and Expenses |
What is the amount of principal paid annually as a proportion of total revenue? | Total Revenue – Annual Report, p85, Statement of Comprehensive Revenue and Expenses |
What is the level of debt (gross or net) as a proportion of total revenue? | Total debt – Annual Report, p86, Statement of Financial Position |
What is the amount of interest paid annually as a proportion of total rate income? | Total rates income – Annual Report, p85, Statement of Comprehensive Revenue and Expense |
What is the amount of principal paid annually as a proportion of total rate income? | Total rates income – Annual Report, p85, Statement of Comprehensive Revenue and Expense |
What is the ratio of total debt (net or gross) to total assets? | Total assets – Annual Report, p86, Statement of Financial Position |
What is the dollar amount of debt per resident? | Estimated population (Stats NZ October 2021) – 77,400 |
What is the dollar amount of debt per rating unit? | Rating units – 30,775 |
What is the amount of principal debt paid annually per rating unit? | Rating units – 30,775 |
Is there a plan to fully repay Councils debt? | Long-term Plan, p206, Financial Strategy |
When is Council debt planned to be fully paid off? | Long-term Plan, p206, Financial Strategy |
What is Councils debt repayment plan/policy? | Long-term Plan, p206, Financial Strategy |
