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

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Financial ResultsActivity Operational Results: Economic DevelopmentRevenueActual Budget Variance Actual Note2012 2012 2012 2011$000 $000 $000 $000Business and Job Promotion - - - -City Marketing and Branding 180 67 113 106 1.Convention Centre 792 951 (159) 725 2.Total Revenue 972 1,018 (46) 831ExpensesBusiness and Job Promotion 746 746 - 691 3.City Marketing and Branding 2,270 2,310 40 2,062 4.Convention Centre 1,592 1,648 56 1,454 2.Total Expenses 4,608 4,704 96 4,207Net Operating CosT OF ACTiviTY (3,636) (3,686) 50 (3,376)EconomicDevelopmentWhat the Council DoesNote1. Recovery of expenditure relating to the Rugby WorldCup.2. Lower number of events held than budgeted dueto the economic climate with part offset by lowerexpenses.Significant Activity Capital Projects: Economic Development3. Grants and professional services occurred asexpected.4. Lower grants incurred including for cancelled event.Actual Budget Variance Actual Note2012 2012 2012 2011$000 $000 $000 $000Capital RenewalConvention Centre equipment 34 32 (2) a.Total Capital Renewal 34 32 (2) 32Capital NeWConvention Centre new equipment 31 34 3 b.Total Capital NeW 31 34 3 69Total Capital Projects 65 66 1 101Significant acquisitions and explanation of variances from Annual Plana. Replacement of equipment.b. New equipment purchased as required.62 Palmerston North City Council Annual Report 2011/12
LeisureGroup DescriptionThe Leisure Group of Activities consists of:• Arts and Culture• City Library• Parks and RecreationThese are about providing people with a widerange of fun things to do - going to a show atthe Regent Theatre, reading or listening to music,walking along the river bank or watching andplaying sport. People expect a wide range ofleisure opportunities in a modern, vibrant city.Hence these Activities particularly contributeto the Council goal of Palmerston North being asocially sustainable city where people want to livebecause of its safe and easy lifestyle and its manysocial, cultural and recreational opportunities.LeisureWhat the Council DoesParkour moves being demonstrated atthe Skoglund Park, Youth Park opening.Image courtesy of Carole BrungarPalmerston North City Council Annual Report 2011/12 63
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Palmerston North City CouncilAnnual
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Contents1. OVERVIEWCouncil’s Visi
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OverviewPalmerston North City Counc
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Year in ReviewAgainst the backdrop
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Overview Year in ReviewLocal Govern
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The following table details how we
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Funding Source Proportions for Oper
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Asset Base1,3601,3401,3201,300$ 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 and 64: EconomicDevelopmentEconomic Develop
Page 65 and 66: Activity - Economic DevelopmentWhat
Page 67: How did we performPerformance Measu
Page 71 and 72: Activity - Arts and CultureWhat the
Page 73 and 74: How did we performPerformance Measu
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
Page 115 and 116: Activity - WastewaterWhat the Counc
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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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Activity - Corporate SupportWhat th
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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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