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

Actual Budget Variance Variance2012 2012 2012 2012$000 $000 $000 %ExplanationCapital Expenditure StatemenTLeadership 162 280 118 42% 1.Community Support 526 1,659 1,133 68% 2.Economic Development 65 66 1 2% 3.Leisure 5,406 11,560 6,154 53% 4.Environmental Sustainability and Health 13,914 30,910 16,996 55% 5.Support Services 3,627 4,664 1,037 22% 6.Total Activity Capital Expenditure 23,700 49,139 25,439 52%Financial Statements Note 2Significant capital expenditure variances:1. Leadership - expenditure lower as suitablesustainable city projects were not identified.2. Community Support - expenditure lowerdue to deferral of Papaioea Place communityhousing replacement and less communitycentre upgrades completed.3. Economic Development - for ConventionCentre required equipment.4. Leisure - expenditure was lower than budgetdue to the deferral of the Globe Theatreexpansion project, some Library projects yetto be completed with budget for others notall required, several Parks and Recreationprogrammes yet to be completed, thevelodrome programme not being required,minor cost variances in others offset byadditional programme expenditure authorisedby Council during the year.5. Environmental Sustainability and Health -Roading and Parking lower than budget dueto projects to be completed, deferral of someprojects, including main bus terminal upgradeand withdrawal of second bridge development.For Water and Waste, expenditure is lowerthan budget with projects yet to be completedor deferred for further investigation. Councilapproved additional amount for recycling sortline improvements.6. Support Services - library bus replacementyet to be completed, with some programmesincomplete, or not required. Council approvedadditional amount for share investment.148Palmerston North City Council Annual Report 2011/12