2021 - Revenue and Financing Policy
Statement of Proposal
We’d like to hear your thoughts on the Revenue and Financing Policy as part of pre-consultation for the Long-Term Plan 2021-2031.
Summary of the proposal
We’re currently reviewing our Revenue and Financing Policy as part of our three yearly review of our Long Term Plan 2021-2031 (LTP).
Council provides a number of activities and services to achieve the community outcomes identified in the LTP. To do this we have to spend money both for operating expenses - for the day to day activities and services of Council, and for capital expenditure – for acquiring or upgrading business assets – things like equipment and buildings.
Our Revenue and Financing Policy sets out how we plan to fund this expenditure for the activities and services that we provide.
The proposal reflects changes in the policy to make it more reader friendly. There have been no proposed changes to the way that the activities that Council provides are funded.
Read a full copy of our draft Revenue and Financing Policy (PDF, 3.3MB).
You can also view a copy at our main office at 108 St John Street, Ōpōtiki.
Have your say
Council has to fund many different activities. Do you think we have the balance right? It’s important we get your feedback to help direct Council decision making.
Key dates:
26/01/2021 Submissions open
23/02/2021 Submissions close
09/03/2021 Submitters present to Council
22/03/2021 Council deliberates, changes are agreed. Council adopts the amended Revenue and Financing Policy.
Making a submission
Submissions for the Revenue and Financing Policy have now closed
The proposal
Background
The Revenue and Financing Policy is a requirement of the Local Government Act 2002 (LGA) to provide predictability and certainty about the Council’s sources and levels of funding for operating and capital expenditure.
Reason for the proposal
The reason for the proposal is that we would like to seek feedback from the community on the Revenue and Financing Policy ahead of preparing the LTP for consultation. This is so that if the community wishes to alter the way that we fund the activities that we provide, that there is sufficient time to reflect these changes in the LTP and the subsequent consultation document and process, which we aim to undertake in April this year.
