Annual Report 2010 - Christchurch City Council
Annual Report 2010 - Christchurch City Council
Annual Report 2010 - Christchurch City Council
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Economic development<br />
<strong>Council</strong> activities and<br />
services<br />
<strong>Annual</strong> <strong>Report</strong><br />
<strong>Christchurch</strong> Otautahi<br />
<strong>2010</strong><br />
p71.<br />
<strong>Council</strong> activities and services<br />
Economic development<br />
Where are we heading?<br />
The <strong>Christchurch</strong> Economic Development Strategy provides a clear<br />
direction for both Canterbury Development Corporation’s and the<br />
<strong>Council</strong>’s work to help transform the city’s economy. Over the next<br />
year both organisations will need to review their activities to best<br />
contribute to achieving the strategy’s vision and goals.<br />
<strong>Christchurch</strong> and Canterbury Tourism has established a goal of<br />
injecting $2.09 billion into the region through tourism 2013 by<br />
focusing on targeting core growth markets and consolidating<br />
numbers from more challenging high yield markets.<br />
In the next stage of the joint venture funding the <strong>Council</strong>,<br />
<strong>Christchurch</strong> and Canterbury Tourism, <strong>Christchurch</strong> International<br />
Airport Limited, airlines and key business partners expect to invest<br />
approximately $2.3 million in the Australian market, to bring an<br />
additional 30,000 visitors over the next 12 months.<br />
Work will continue to increase visitors for the Rugby World Cup<br />
2011.<br />
What did it cost?<br />
Statement of cost of services for the year ending 30 June <strong>2010</strong><br />
Costs (after<br />
internal<br />
recoveries)<br />
<strong>2010</strong> 2009<br />
Income Net cost Plan net Net cost<br />
cost<br />
$000s $000s $000s $000s $000s<br />
Operational service result<br />
Civic and international relations 922 19 903 898 483<br />
Regional economic development, business support and employment<br />
8,974 162 8,812 7,510 9,207<br />
development<br />
<strong>City</strong> promotions 720 - 720 731 528<br />
Cost of service 10,616 181 10,435 9,139 10,218<br />
Capital expenditure<br />
Renewals and replacements 149 100 607<br />
Improved service levels - - -<br />
Increased demand - - -<br />
Total capital expenditure 149 100 607<br />
Explanation of significant cost of service variances<br />
Net cost of service is higher than plan due to depreciation costs<br />
incurred for the Town Hall. The transfer of town hall ownership<br />
from <strong>Council</strong> to Vbase was planned to occur in the 2008/09 year<br />
but did not take place until 2009/10.<br />
Significant capital expenditure<br />
There was no significant capital expenditure.<br />
Explanation of significant capital expenditure variances<br />
There were no significant variances.
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