2011-2012 Annual Report - Full Version - PDF - Palmerston North ...

More documents

Recommendations

Info

Financial Statements Auditor's Reportour judgement, including our assessment of risks ofmaterial misstatement of the financial statements,non-financial performance information andother information whether due to fraud or error.In making those risk assessments, we considerinternal control relevant to the preparation ofthe City Council and group’s financial statements,non-financial performance information and otherinformation that fairly reflect the matters to whichthey relate. We consider internal control in orderto design audit procedures that are appropriatein the circumstances but not for the purpose ofexpressing an opinion on the effectiveness of theCity Council and group’s internal control.An audit also involves evaluating:• the appropriateness of accounting policiesused and whether they have been consistentlyapplied;• the reasonableness of the significantaccounting estimates and judgements madeby the Council;• the adequacy of all disclosures in the financialstatements, non-financial performanceinformation and other information;• determining the appropriateness of thereported non-financial performanceinformation within the Council’s framework forreporting performance; and• the overall presentation of the financialstatements, non-financial performanceinformation and other information.We did not examine every transaction, nor dowe guarantee complete accuracy of the financialstatements, non-financial performance informationand other information. We have obtained all theinformation and explanations we have requiredand we believe we have obtained sufficient andappropriate audit evidence to provide a basis forour audit opinion.Responsibilities of the CouncilThe Council is responsible for preparing:• financial statements and non-financialperformance information that:• comply with generally acceptedaccounting practice in New Zealand;• fairly reflect the City Council andgroup’s financial position, financialperformance and cash flows;• fairly reflect its service performance,including achievements compared toforecast; and• other information in accordance with Schedule10 of the Local Government Act 2002 that fairlyreflects the required information.The Council is responsible for such internalcontrol as it determines is necessary to enable thepreparation of financial statements, non-financialperformance information and other informationthat are free from material misstatement, whetherdue to fraud or error.The Council’s responsibilities arise from the LocalGovernment Act 2002.Responsibilities of the AuditorWe are responsible for expressing an independentopinion on the financial statements, non-financialperformance information and other informationand reporting that opinion to you based on ouraudit. Our responsibility arises from section 15 ofthe Public Audit Act 2001 and section 99 of theLocal Government Act 2002.IndependenceWhen carrying out the audit, we followed theindependence requirements of the Auditor-General, which incorporate the independencerequirements of the New Zealand Institute ofChartered Accountants.Other than the audit and carrying out the auditof long term plan, we have no relationship withor interests in the City Council or any of itssubsidiaries.Bede KearneyAudit New ZealandOn behalf of the Auditor-GeneralPalmerston North, New ZealandMatters relating to the electronic presentation ofthe audited financial statements, non-financialperformance information and the other requirementsThis audit report relates to the financial statements, non-financialperformance information and the other requirements of PalmerstonNorth City Council and group for the year ended 30 June 2012 includedon Palmerston North City Council’s website. The Council is responsiblefor the maintenance and integrity of Palmerston North City Council’swebsite. We have not been engaged to report on the integrity ofPalmerston North City Council’s website. We accept no responsibilityfor any changes that may have occurred to the financial statements,non-financial performance information and the other requirementssince they were initially presented on the website.The audit report refers only to the financial statements, non-financialperformance information and the other requirements named above. Itdoes not provide an opinion on any other information which may havebeen hyperlinked to or from the financial statements, non-financialperformance information and the other requirements. If readers of thisreport are concerned with the inherent risks arising from electronicdata communication they should refer to the published hard copyof the audited financial statements, non-financial performanceinformation and the other requirements as well as the related auditreport dated 26 September 2012 to confirm the information includedin the audited financial statements, non-financial performanceinformation and the other requirements presented on this website.Legislation in New Zealand governing the preparation anddissemination of financial information may differ from legislation inother jurisdictions.132Palmerston North City Council Annual Report 2011/12
Statement of Compliance and ResponsibilityCompliance1. The Council of Palmerston North City Council hereby confirms that all statutory requirementsrelating to the Annual Report have been complied with.Responsibility2. The Council and management of Palmerston North City Council accept responsibility for thepreparation of the annual Financial Statements and the judgements used in them.3. The Council and management of Palmerston North City Council accept responsibility forestablishing and maintaining a system of internal control designed to provide reasonableassurance as to the integrity and reliability of financial reporting.4. In the opinion of the Council and management of Palmerston North City Council, the annualFinancial Statements for the year ended 30 June 2012 fairly reflect the financial position andoperations of Palmerston North City Council.Jono NaylorMayor26 September 2012Paddy CliffordChief Executive26 September 2012Financial Statements Statement of Compliance and ResponsibilityPalmerston North City Council Annual Report 2011/12133
Page 1:
Palmerston North City CouncilAnnual
Page 4 and 5:
Contents1. OVERVIEWCouncil’s Visi
Page 6 and 7:
OverviewPalmerston North City Counc
Page 8 and 9:
Year in ReviewAgainst the backdrop
Page 10 and 11:
Overview Year in ReviewLocal Govern
Page 12 and 13:
The following table details how we
Page 14 and 15:
Funding Source Proportions for Oper
Page 16 and 17:
Asset Base1,3601,3401,3201,300$ Mil
Page 18 and 19:
Borrowing Ratios20%Policy Maximum16
Page 20 and 21:
Overview What's Happening in the Ci
Page 22 and 23:
Overview What's Happening in the Ci
Page 24 and 25:
Overview How Do We Operate?Election
Page 26 and 27:
Role of Management and EmployeesOve
Page 28 and 29:
ActualAmount Paid2011/12$Annual Pla
Page 30 and 31:
Overview Funding Support to Externa
Page 32 and 33:
What the Council DoesPalmerston Nor
Page 34 and 35:
Tying these pillars together at the
Page 37 and 38:
What the Council DoesLeadershipLead
Page 39 and 40:
Activity - Councillor Leadership an
Page 41 and 42:
Financial ResultsActivity Operation
Page 43 and 44:
The District PlanThe Council has co
Page 45 and 46:
Page 47 and 48:
What the Council DoesCommunitySuppo
Page 49 and 50:
Activity - CemeteriesWhat the Counc
Page 51 and 52:
Page 53 and 54:
How did we performLevels of Service
Page 55 and 56:
Activity - Community DevelopmentWha
Page 57 and 58:
The Youth Library, located within t
Page 59 and 60:
Page 61 and 62:
The Papaioea Place project will pro
Page 63 and 64:
EconomicDevelopmentEconomic Develop
Page 65 and 66:
Activity - Economic DevelopmentWhat
Page 67 and 68:
How did we performPerformance Measu
Page 69 and 70:
LeisureGroup DescriptionThe Leisure
Page 71 and 72:
Activity - Arts and CultureWhat the
Page 73 and 74:
Page 75 and 76:
Activity - City LibraryWhat the Cou
Page 77 and 78:
Page 79 and 80:
Significant Activity Capital Projec
Page 81 and 82:
What happened in the yearSportsfiel
Page 83 and 84:
How did we performLevels of Service
Page 85 and 86:
Levels of ServicePerformance Measur
Page 87 and 88:
Page 89 and 90: j. Programme not completed due to s
Page 91 and 92: Environmental Sustainability and He
Page 93 and 94: Activity - RegulatoryWhat the Counc
Page 95 and 96: District Licensing Agency staff hav
Page 97 and 98: Levels of ServicePerformance Measur
Page 99 and 100: Activity - Roading and ParkingWhat
Page 101 and 102: Major issues relating to Roading an
Page 103 and 104: Levels of ServicePerformance Measur
Page 105 and 106: Significant Activity Capital Projec
Page 107 and 108: Activity - Rubbish and RecyclingWha
Page 109 and 110: How did we performPerformance Measu
Page 113 and 114: How did we performLevels of Service
Page 115 and 116: Activity - WastewaterWhat the Counc
Page 117 and 118: How did we performPerformance Measu
Page 121 and 122: Several projects were put on hold t
Page 123 and 124: Financial ResultsActivity Operation
Page 125 and 126: Support ServicesGroup DescriptionTh
Page 127 and 128: Activity - Commercial or Strategic
Page 131 and 132: Activity - Corporate SupportWhat th
Page 135 and 136: How did we performLevels of Service
Page 137 and 138: Financial StatementsFinancial State
Page 139: Independent Auditor’s ReportTo th
Page 143 and 144: Statement of Financial PositionAS A
Page 145 and 146: Statement of Cash Flowsfor the year
Page 147 and 148: PNCC measures the cost of a busines
Page 149 and 150: PNCC’s investments in its subsidi
Page 151 and 152: Carpark leasesAcquired carpark leas
Page 153 and 154: Critical accounting estimates and a
Page 155 and 156: Comprehensive detail of both financ
Page 157 and 158: Note 3Rates RevenueCouncilActual Ac
Page 159 and 160: Note 6Other gains/(losses)CouncilGr
Page 161 and 162: Note 10Cash and cash equivalentsCou
Page 163 and 164: ◊As of 30 June 2012 and 2011, all
Page 165 and 166: Accounting policies require that lo
Page 167 and 168: Current Reversal of Current year Cu
Page 169 and 170: Current Reversal of Current year Cu
Page 171 and 172: ◊reality is that infrastructure l
Page 173 and 174: Note 17Forestry assets Council Grou
Page 175 and 176: Note 21Provisions Council GroupActu
Page 177 and 178: Note 23BorrowingsCouncilGroupActual
Page 179 and 180: Note 24Equity Council GroupActual A
Page 181 and 182: Note 26Capital commitments and oper
Page 183 and 184: Carbon Credits◊◊PNCC has an agr
Page 185 and 186: Transactions with Councillors and K
Page 187 and 188: SalaryWith the enactment of the Loc
Page 189 and 190: Note 33Fair value hierarchy disclos
Page 191 and 192:
PNCC’s maximum credit exposure fo
Page 193 and 194:
The table below analyses PNCC’s f
Page 195 and 196:
2012 2011$000 $000 $000 $000 $000 $
Page 197 and 198:
Council Controlled OrganisationsCou
Page 199 and 200:
Council Controlled OrganisationsThe
Page 201 and 202:
Globe Theatre Trust BoardObjectives
Page 203 and 204:
Te Manawa Museums Trust BoardObject
Page 205 and 206:
Palmerston North Airport LtdObjecti
Page 207 and 208:
AppendicesAppendicesPalmerston Nort
Page 209 and 210:
How to Find usPostal AddressPrivate
Page 212:
www.pncc.govt.nz
show all

2011-2012 Annual Report - Full Version - PDF - Palmerston North ...

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?