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9
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Auckland Council Group quarterly financial
report and financial results to 31 March 2018
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Cr P Hulse joined
the meeting at 9.40am.
Cr J Bartley joined the meeting at 9.40am.
Cr J Watson joined the meeting at
9.49am.
Cr D
Newman joined the meeting at 9.58am.
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A PowerPoint presentation was
provided. A copy has been placed on the official minutes and is available on
the Auckland Council website as a minutes attachment.
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Resolution
number FIN/2018/95
MOVED by Chairperson R Clow, seconded by Deputy
Chairperson D Simpson:
That the Finance and
Performance Committee:
a) note
the Auckland Council Group, for the nine months to 31 March 2018, generated
an operating surplus before gains and losses of $788 million, and an increase
in net assets of $635 million to $36,411 million.
b) note
that the financial performance, net of the City Rail Link budget accounting
treatment difference, against the phased annual plan shows a favourable
non-cash vested asset revenue of $119 million, lower than expected
development contributions of $30 million and weathertightness provision of
$69 million.
CARRIED
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Attachments
a 6 June 2018 - Finance and Performance
Committee, Item 9 - Auckland Council Group quarterly financial report and
financial results to 31 March 2018 - presentation
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10
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Council-controlled organisation third
quarter report ending 31 March 2018
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IMSB Chair D Taipari left the
meeting at 10.58am.
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Watercare Services Limited
(Watercare)
Margaret Devlin, Chairperson; Raveen
Jaduram, Chief Executive; and Brian Monk, Chief Financial Officer addressed
the committee. A PowerPoint presentation was provided. A copy has
been placed on the official minutes and is available on the Auckland Council
website as a minutes attachment.
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Resolution
number FIN/2018/96
MOVED by
Chairperson R Clow, seconded by Cr C Darby:
That the
Finance and Performance Committee:
a)
thank Brian Monk for all of his
contributions at Auckland Regional Council, the Auckland Transition Agency,
and now Watercare Services Limited, and wish him all the best for his
retirement.
CARRIED
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The meeting adjourned at 10.59am and
reconvened at 11.08am
Cr S Stewart and IMSB Chair D Taipari
were not present when the meeting reconvened.
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Regional Facilities Auckland
(RFA)
Chris Brooks, Chief Executive; Simon
Tran, Chief Financial Officer; and Paul Brewer, Chief Operating Officer,
addressed the committee. A PowerPoint presentation was provided. A
copy has been placed on the official minutes and is available on the Auckland
Council website as a minutes attachment.
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IMSB Chair D Taipari returned to the
meeting at 11.12am.
Cr S Stewart returned to the meeting
at 11.17am.
Deputy Mayor BC Cashmore joined the
meeting at 11.29am.]
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Auckland Transport (AT)
Dr Lester Levy, Chairperson; Shane
Ellison, Chief Executive; David Bardsley, Acting Chief Financial Officer;
Cynthia Gillespie, Chief Strategy Officer; and Mark Lambert, Chief Transport
Services Officer addressed the committee. A PowerPoint presentation was
provided. A copy has been placed on the official minutes and is
available on the Auckland Council website as a minutes attachment.
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IMSB Chair D Taipari left the meeting
at 12.29pm
IMSB Chair D Taipari returned to the
meeting at 12.46pm.
Cr D Newman left the meeting at
12.56pm.
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The meeting adjourned at 1.02pm and
reconvened at 1.34pm.
Cr L Cooper, Cr C Darby, Cr D Newman and
Cr J Watson were not present when the meeting reconvened.
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Auckland
Tourism, Events and Economic Development Limited (ATEED)
Nick Hill, Chief Executive; Joy
Buckingham, Chief Financial Officer; and Pam Ford, General Manager Economic
Development addressed the committee. A PowerPoint presentation was
provided. A copy has been placed on the official minutes and is
available on the Auckland Council website as a minutes attachment.
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Cr C Darby returned to the meeting at
1.38 pm.
Cr L Cooper returned to the meeting at
1.39pm.
Mayor P Goff joined the meeting at
1.44pm.
Cr D Newman returned to the meeting at
1.44pm.
Cr J Watson returned to the meeting at
1.51pm.
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Panuku Developments Limited
(Panuku)
Roger MacDonald, Chief Executive and
Carl Gosbee, Chief Financial Officer addressed the committee. A PowerPoint
presentation was provided. A copy has been placed on the official minutes and
is available on the Auckland Council website as a minutes attachment.
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Cr G Sayers retired from the meeting at
2.07 pm.
Cr C Darby left the meeting at 2.16pm.
Cr D Newman left the meeting at
2.23pm.
Cr C Darby returned to the meeting at 2.25pm
IMSB Chair D Taipari retired from the
meeting at 2.30pm.
Deputy Mayor BC Cashmore left the
meeting at 2.36pm.
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Auckland Council Investments
Limited (ACIL)
John Crawford, Chief Executive
addressed the committee.
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Cr W Walker left the meeting at
2.43pm.
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Resolution
number FIN/2018/97
MOVED by Chairperson R Clow, seconded by Deputy
Chairperson D Simpson:
That the Finance and
Performance Committee:
b) receive
the third quarter reports from the following council-controlled
organisations:
i) Watercare
Services Limited (Watercare)
ii) Regional
Facilities Auckland (RFA)
iii) Auckland
Transport (AT)
iv) Auckland
Tourism, Events and Economic Development Limited (ATEED)
v) Panuku Development Auckland (Panuku)
vi) Auckland Council Investments Limited (ACIL).
CARRIED
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Attachments
a 6 June 2018 - Finance and Performance Committee, Item 10
- Council-controlled organisation third quarter Report ending 31 March 2018 -
Watercare Services Limited presentation
b 6 June 2018 - Finance and Performance Committee, Item 10
- Council-controlled organisation third quarter Report ending 31 March 2018 -
Regional Facilities Auckland presentation
c 6 June 2018 - Finance and Performance Committee, Item 10
- Council-controlled organisation third quarter Report ending 31 March 2018 -
Auckland Transport presentation
d 6 June 2018 - Finance and Performance Committee, Item 10
- Council-controlled organisation third quarter Report ending 31 March 2018 -
Auckland Tourism, Events and Economic Development presentation
e 6 June 2018 - Finance and Performance Committee, Item 10
- Council-controlled organisation third quarter Report ending 31 March 2018 -
Panuku Development Auckland presentation
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