Turangi-Tongariro financial report released
A public meeting has been held in Turangi to inform the community about the results of an independent financial and rating analysis for the ward.
An external report was commissioned after Turangi residents requested an assessment of the council’s finances and rates, with a specific focus on Turangi-Tongariro.
The meeting was hosted by Taupō District Council with presentations from PriceWaterhouseCoopers, who undertook the work, and the independent chair of the council’s audit and risk committee, Anthony Byett.
Mr Byett said the report provides clarification of revenue and expenditure over the last seven financial years.
“Over that time, we have seen a slightly higher spend for Turangi-Tongariro when compared with the rates revenue collected in the ward each year.
“This includes costs directly attributed to Turangi-Tongariro, for example the library and pools, as well as a 20 per cent share of the total expenditure for the district which covers centralised expenses like customer service and dog control that are not only used in Turangi-Tongariro, but district wide,” he said.
“The independent report also confirmed that council’s approach to allocating district wide overheads by a percentage share is appropriate,” Mr Byett said.
Report - PwC Financial and Rating Analysis for Turangi-Tongariro ward (PDF, 611KB)
Presentation - PwC Financial and Rating Analysis for Turangi-Tongariro ward (PDF, 495KB)