Annual Report 2010 - Christchurch City Council

p250. Annual Report
Christchurch Otautahi
2010
Financial statements
Remuneration
Notes to financial statements
42. Remuneration
(a) Chief Executive
The Chief Executive of the Council is appointed in accordance with
section 42 of the Local Government Act 2002.
The total cost of the role for the year to 30 June 2010 was $479,492 –
this compares with $452,945 for the year ending 30 June 2009.
(b) Cost of severance payments
In accordance with Schedule 10, section 19 of the Local Government
Act 2002 the Council is required to disclose the number of
employees who received severance payments during the year, and
the amount of each severance payment made as defined under the
legislation.
For the year ending 30 June 2010 the Council made twelve payments
of $20,000, $7,000, $6,000, $5,000(3) and $4,000(3), $3,000,
$2,000 and $1,000 that require disclosure (2009: $13,000, $9,000,
$8,500, $6,700, $5,000 and $3,000(2).
(c) Key management personnel
Parent
30 Jun 10 30 Jun 09
Actual
Actual
$000s $000s
The compensation of the directors and executives, being the key
management personnel of the entity is set out below:
Short term benefits 1,791 1,885
1,791 1,885
Total key management personnel remuneration includes that of the
executive team of Council. This does not include the remuneration
of the Chief Executive, Mayor and Councillors, the details of their
remuneration is set out in notes a) and d).