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

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Group of Activities Operational Requirement and Funding SummaryEconomic Development GroupActual Budget Variance Actual2012 2012 2012 2011$000 $000 $000 $000Total Revenue 972 1,018 (46) 831Total Expenses 4,608 4,704 96 4,207Net Operating COST of aCTivity group (3,636) (3,686) 50 (3,376)Rating AllocationAdd back depreciation 322 189 133 193Renewal capital expenditure (34) (32) (2) (32)External revenue for renewal capital - - - -Borrowing effect of renewal 3 year averaging (1) (1) - (1)Provision for debt reduction (41) (41) - (21)General rates allocation 3,390 3,571 (181) 3,237Funding surplus/(deficit) - - - -What the Council DoesEconomicDevelopment58 Palmerston North City Council Annual Report 2011/12
Activity - Economic DevelopmentWhat the Council doesThe Council contributes to economic developmentand supports it in two different ways. These are setout in the Council’s Economic Well-Being Strategy.At a general level everything the Councildoes contributes to economic development– for example, leadership, provision of roads,stormwater, water, rubbish and recycling services,community services, and regulation and planning.These are all services used by businesses. Theyhelp attract people to live in the City.At a more specific level the Council providesfunding for business support services, e.g. skillsdevelopment and education programmes, researchcapacity, business incubators, small-businessdevelopment, and business information.The Council also provides funding to help supporttourism promotion and development, includingevents. The Council supports these events forboth economic development and communitydevelopment reasons.The Council has a limited influence on the Regionaland City economies. However, it can work withother organisations to encourage economicgrowth and to create an environment that isconducive to economic growth.Why the Council does this and itscontribution to Council vision andmajor goalsOne of the major reasons people move to a newplace to live is for work. A major aim of economicdevelopment is to increase the number ofbusinesses and jobs available to people. Hence thisActivity contributes to making Palmerston North acity where people want to live because of its safeand easy lifestyle and its many social, cultural andrecreational opportunities. Increasing the numberof visitors to the City also has economic benefits.Economic development is also about providingbusiness support services, so Council contributesas well to making Palmerston North a city whichattracts, fosters and retains businesses and jobs tocreate a prosperous community.This Activity also funds some of Council’s eventsunder the Councils Events and Festivals Strategy.There are two basic reasons for Council involvementin the event sector. The first is the growing oflocal jobs by increasing visitor expenditure andgrowing the attractiveness of Palmerston Northto the wider communities of the region andnation. Improved perception helps improve thedesirability of Palmerston North as a place to comeand work, live and learn and hence spend moneyin the local economy. These are funded throughthe Economic Development Activity.The second rationale is strengthening thelocal community through celebrations andopportunities to grow community networks. Theseare funded through the Community DevelopmentActivity.At a more specific level theCouncil provides funding forbusiness support services, e.g.skills development and educationprogrammes, research capacity,business incubators, small-businessdevelopment, and businessinformation.What happened in the yearEconomic DevelopmentCouncil partners Manawatu District Council to fundthe activities of Vision Manawatu (Vision). Visionled the development of the Regional DevelopmentStrategy (RDS) which was endorsed by bothcouncils in October 2011. The RDS identifiesthe outcomes the region will work to achieve by2021. Vision has achieved high participation frombusinesses in this region through the RegionalBusiness Partners Network. This programmehas resulted in significant investment into localmanagement capability training ($500,000 fundedby NZTE) and research and development ($3mfrom MSI).Other programmes Vision provide include sevencompanies were engaged in the Smart BusinessAcceleration programme (especially focused onbusinesses that want to step up to exporting) andthe Sustainable Business programme for 2012is fully subscribed with the 2011 programmebeing a resounding success. The City and theDistrict Council support this programme throughsponsorship of some fees.EconomicDevelopmentWhat the Council DoesPalmerston North City Council Annual Report 2011/1259
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Palmerston North City CouncilAnnual
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Contents1. OVERVIEWCouncil’s Visi
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OverviewPalmerston North City Counc
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Year in ReviewAgainst the backdrop
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Overview Year in ReviewLocal Govern
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The following table details how we
Page 14 and 15: Funding Source Proportions for Oper
Page 16 and 17: Asset Base1,3601,3401,3201,300$ 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 47 and 48: What the Council DoesCommunitySuppo
Page 49 and 50: Activity - CemeteriesWhat the Counc
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 61 and 62: The Papaioea Place project will pro
Page 63: EconomicDevelopmentEconomic Develop
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 75 and 76: Activity - City LibraryWhat the Cou
Page 79 and 80: Significant Activity Capital Projec
Page 81 and 82: What happened in the yearSportsfiel
Page 85 and 86: Levels of ServicePerformance Measur
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 99 and 100: Activity - Roading and ParkingWhat
Page 101 and 102: Major issues relating to Roading an
Page 107 and 108: Activity - Rubbish and RecyclingWha
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Activity - WastewaterWhat the Counc
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How did we performPerformance Measu
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Significant Activity Capital Projec
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Several projects were put on hold t
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Financial ResultsActivity Operation
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Support ServicesGroup DescriptionTh
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Activity - Commercial or Strategic
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Page 131 and 132:
Activity - Corporate SupportWhat th
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Page 135 and 136:
How did we performLevels of Service
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Financial StatementsFinancial State
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Independent Auditor’s ReportTo th
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Statement of Compliance and Respons
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Statement of Financial PositionAS A
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Statement of Cash Flowsfor the year
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PNCC measures the cost of a busines
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PNCC’s investments in its subsidi
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Carpark leasesAcquired carpark leas
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Critical accounting estimates and a
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Comprehensive detail of both financ
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Note 3Rates RevenueCouncilActual Ac
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Note 6Other gains/(losses)CouncilGr
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Note 10Cash and cash equivalentsCou
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◊As of 30 June 2012 and 2011, all
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Accounting policies require that lo
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Current Reversal of Current year Cu
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Current Reversal of Current year Cu
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◊reality is that infrastructure l
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Note 17Forestry assets Council Grou
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Note 21Provisions Council GroupActu
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Note 23BorrowingsCouncilGroupActual
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Note 24Equity Council GroupActual A
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Note 26Capital commitments and oper
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Carbon Credits◊◊PNCC has an agr
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Transactions with Councillors and K
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SalaryWith the enactment of the Loc
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Note 33Fair value hierarchy disclos
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PNCC’s maximum credit exposure fo
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The table below analyses PNCC’s f
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2012 2011$000 $000 $000 $000 $000 $
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Council Controlled OrganisationsCou
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Council Controlled OrganisationsThe
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Globe Theatre Trust BoardObjectives
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Te Manawa Museums Trust BoardObject
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Palmerston North Airport LtdObjecti
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AppendicesAppendicesPalmerston Nort
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How to Find usPostal AddressPrivate
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www.pncc.govt.nz
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