AKC
26/09/2014 13:17
ANNREP
REL: 1317 HRS Auckland Council
ANNREP: AKC: Auckland Council Group adopts annual report
Media Release
26 September 2014
Auckland Council Group adopts annual report
Auckland Council Group's annual report for the year to 30 June 2014 was
formally adopted by the council's governing body yesterday.
The report details the organisation's progress in delivering on the vision to
create the world's most liveable city through its wide-ranging services and
resources.
Auckland Council Group is comprised of Auckland Council and its
council-controlled organisations.
The report signals another year of good financial performance for the group.
During the year the group's credit ratings were reaffirmed by both Standard &
Poor's and Moody's and the group has achieved results better than budget.
This provides a strong base for planning the next 10 years.
- The group is reporting an operating surplus of $150 million compared to a
$38 million budgeted deficit
- Total borrowings are below budgeted levels.
The group continues its transformation focused on delivering services with
better value for money.
This year the group invested $1.6 billion renewing and expanding assets to
its growing Auckland communities. The capital programme delivered local
community facilities and parks, and local and regional infrastructure and
transport. This work contributed to a boost in the value of the group's total
assets from $37 billion to $40 billion.
Auckland Council Group's 2013/2014 Annual Report is available on the
council's website, aucklandcouncil.govt.nz/annualreport.
ENDS
For media assistance, please contact:
Glyn Walters, Manager Media Relations, 021 278 6858
End CA:00255761 For:AKC Type:ANNREP Time:2014-09-26 13:17:19
