Kāpiti Coast District Council Kāpiti Coast District Council
Search
  • Home
  • Rohe | District
  • Kaunihera | Council
  • Ratonga | Services
  • Ngā Kaupapa | What's On
  • Whakapā mai | Contact
  • Rohe | District
    • Aquatics
    • Beaches
    • Doing business in Kāpiti
    • Maps
    • Our community
    • Our Kāpiti
    • Visiting Kāpiti
    • Arts and culture
    • Civil Defence | Emergency Management
    • Libraries
    • Open spaces
    • Our environment
    • Mana Whenua
    • Aquatics
    • Arts and culture
    • Beaches
    • Civil Defence | Emergency Management
    • Doing business in Kāpiti
    • Libraries
    • Maps
    • Open spaces
    • Our community
    • Our environment
    • Our Kāpiti
    • Mana Whenua
    • Visiting Kāpiti
  • Kaunihera | Council
    • The role of Council
    • Our elected members
    • Our vision and direction
    • Documents
    • Projects
    • Partners
    • Our awards for environmental care
    • Central government reforms
    • Executive management
    • Meetings
    • Delivering for Kāpiti
    • Planning
    • Job vacancies
    • Local elections
    • Official Information Requests
    • The role of Council
    • Executive management
    • Our elected members
    • Meetings
    • Our vision and direction
    • Delivering for Kāpiti
    • Documents
    • Planning
    • Projects
    • Job vacancies
    • Partners
    • Local elections
    • Our awards for environmental care
    • Official Information Requests
    • Central government reforms
  • Ratonga | Services
    • A–Z council services and facilities
    • A–Z council services and facilities
  • Ngā Kaupapa | What's on
    • News
    • Everything Kāpiti e-newsletter
    • Calendar of meetings and forums
    • Kāpiti Schools Sports Programme
    • News archive
    • Have your say
    • Things to do in Kāpiti
    • Follow us
    • News
    • News archive
    • Everything Kāpiti e-newsletter
    • Have your say
    • Calendar of meetings and forums
    • Things to do in Kāpiti
    • Kāpiti Schools Sports Programme
    • Follow us
  • Whakapā mai | Contact
    • Contact us
    • Follow us
    • About this website
    • Official Information Requests
    • Council facilities opening hours
    • Antenno
    • Social Media terms of use
    • Online service request / Complaints
    • Contact us
    • Council facilities opening hours
    • Follow us
    • Antenno
    • About this website
    • Social Media terms of use
    • Official Information Requests
    • Online service request / Complaints
Search
Close
Hit enter to search or ESC to close
HomeNgā Kaupapa | What's OnNews archivePrevious years2014Council’s careful management nets surplus
Ngā Kaupapa | What's On
  • Newskeyboard_arrow_down
  • News archivekeyboard_arrow_up
    • 2022
    • 2021
    • 2020
    • Previous years
      • 2019
      • 2018
      • 2017
      • 2016
      • 2015
      • 2014
      • 2013
      • 2012
      • 2011
      • 2010
      • 2009
  • Everything Kāpiti e-newsletterkeyboard_arrow_down
  • Have your saykeyboard_arrow_down
  • Calendar of meetings and forums
  • Things to do in Kāpitikeyboard_arrow_down
  • Kāpiti Schools Sports Programme
  • Follow us

Council’s careful management nets $3.7 million surplus

Published prior to 2016
A $2.6 million budgeted deficit has become a $3.7 million surplus, thanks to Council’s careful approach to reducing debt and managing its operating costs.

A $2.6 million budgeted deficit has become a $3.7 million surplus, thanks to Council’s careful approach to reducing debt and managing its operating costs.

The turnaround was achieved through a deliberate programme of reprioritising activities while continuing to deliver essential services and activities as planned. This reduced the amount of borrowing required, which kept interest payments down.

Sale of Council’s Western Link Road properties to New Zealand Transport Agency delivered an unbudgeted $7.2 million windfall which was used to repay maturing public debt, reducing the need to borrow more money.

The unaudited report was presented to Council’s Corporate Business Committee (CBC) today.

CBC Chair Councillor Gavin Welsh says this is a great result for the Kāpiti community.

“We finished the 2013/14 financial year in a very strong position, with our public debt $19 million below budget.”

Councillor Welsh says Council has been signalling an aggressive debt reduction programme for some time and the end of year results show the success of this approach.

“We’ve demonstrated that, by taking a prudent approach to financial matters, Council can deliver the things the community wants – like effective water and wastewater management, better roads, walkways and cycleways, parks and sports grounds, aquatic facilities and libraries – while substantially reducing the cost of doing that work.

“The flow on effect is that everyone wins. We can continue to enjoy our great quality of life, but not at the expense of mounting debt that is passed on to future ratepayers and residents.”

Hot topics

  • Grants, funding and awards
  • Maps
  • Public forum at Council
  • Recycling and rubbish
  • Sources and consumption rates
  • Recreational water quality

Quick links

  • Alcohol licences
  • Civil defence
  • Sports ground status
  • District Plan
  • Responses to Official Information Requests

Services & information

  • A–Z of services and facilities
  • Job vacancies
  • Information for businesses
  • Property information
  • Maps
  • Kāpiti Coast destination website

Get in touch  facebook  Instagram  Youtube

shielded

Kāpiti Coast District Council
175 Rimu Road
Private Bag 60601
Paraparaumu 5254

Phone: 04 296 4700
Toll free: 0800 486 486
Fax: 04 296 4830
[email protected]nz

page rip
© Copyright 2023 Kāpiti Coast District Council
SitemapAbout this websiteAccessibilityLegal Notices
NZ Government logo