Long Term Community Plan 2012-2022 - Hurunui District Council

Hurunui Community Long Term Plan 2012 - 2022
Reserve Funds
The recent changes to the Local Government Act has imposed
a new requirement to provide details and the movements over
the ten year period for each reserve fund that the Council has
set aside for a specific purpose.
As outlined in the Council’s Internal Financing Policy on page
268, the Council have developed a system where various
activities hold a separate account. The account may hold funds,
which is set aside to meet future capital expenditure specifically
for that activity, or it may be in debt, which has been the result of
funding capital expenditure in the past. As a result, the Council
holds 100 separate reserve funds, which are on the following
pages.
193