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8
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Auckland Council and group financial
performance for the year ended 30 June 2018
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A PowerPoint presentation was
given. 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 joined
the meeting at 9.45am.
Cr W Walker joined the meeting at 9.45am.
Cr D Newman joined the meeting at 9.51am.
Cr M Lee joined
the meeting at 10.01am.
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Resolution
number FIN/2018/145
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 year ended 30 June 2018, generated an
operating surplus before gains and losses of $659 million against the annual
plan, a favourable variance of $122 million, and an increase in net assets of
$3,026 million to $38,802 million
b) note
that the financial performance, net of the City Rail Link budget accounting
treatment difference of $229 million, against the annual plan, shows a
favourable non-cash vested asset revenue of $370 million, lower than expected
depreciation of $60 million, partly offset by an additional weathertightness
provision of $82 million.
CARRIED
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Attachments
a 17 October 2018, Finance and Performance Committee, Item 8 -
Auckland Council and group financial performance for the year ended 30 June
2018 - PowerPoint presentation
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12
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Council-controlled organisation fourth
quarter report ending 30 June 2018
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Auckland
Transport (AT)
Shane
Ellison, Chief Executive; Mark Laing, Executive General
Manager Finance; Vanessa Ellis, Executive General Manager Customer
Experience; Andrew Allen, Executive General Manager Service Delivery;
Mark Lambert, Executive General Manager Integrated Networks; Cynthia
Gillespie, Executive General Manager Planning & Investment; and Tony
McCartney, General Manager Assets Maintenance, 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 10.38am
IMSB Chair D Taipari returned to the meeting at 10.50am.
IMSB Member T Henare left the meeting at 11.07am
Cr A Filipaina entered the meeting at 11.10am.
Cr Sir J Walker left the meeting at 11.12am
IMSB Member T Henare returned to the meeting at 11.17am.
Cr Sir J Walker returned to the meeting at 11.20am.
Cr C Darby left the meeting at 11.31am
Cr C Darby returned to the meeting at 11.37am.
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The meeting adjourned at 11.44 am and
reconvened at 11.57 am.
Cr C Fletcher, Cr R Hills and Cr D
Newman were not present.
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Panuku Developments Limited
(Panuku)
Richard
Aitken, Chairperson; 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.
Cr C
Fletcher returned to the meeting at 11.58am.
Cr D Newman returned to the meeting at 11.59am.
Cr R Hills returned to the meeting at 12.02pm.
Cr C Darby left the meeting at 12.35 pm.
The committee
acknowledged the contribution from Richard Aitken, Chairperson – Panuku
Developments Limited and wished him well for the future.
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The meeting
adjourned at 12.52pm and reconvened at 1.23pm.
Cr C
Fletcher, IMSB Member T Henare, Cr D Newman, IMSB Chair D Taipari, and Cr Sir
J Walker were not present.
Cr C Darby
returned to the meeting at 12.52pm.
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Watercare Services Limited
(Watercare)
Margaret
Devlin, Chairperson; Raveen Jaduram, Chief Executive; and Marlon Bridge,
Chief Financial Officer addressed the
committee.
Cr C Fletcher returned to the meeting
at 1.25pm.
Cr D Newman returned to the meeting at 1.27pm.
Cr J Bartley left the meeting at 1.38pm
Cr C Fletcher left the meeting at 1.42pm.
Cr J Bartley returned to the meeting at 1.47pm.
Cr M Lee left the meeting at 1.55pm.
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Auckland
Tourism, Events and Economic Development Limited (ATEED)
David
McConnell, Chairperson; Nick Hill, Chief Executive and Joy Buckingham, 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.
The committee acknowledged the contribution from David
McConnell, Chairperson – Auckland Tourism, Events and Economic
Development Limited and Joy Buckingham, Chief Financial officer - Auckland
Tourism, Events and Economic Development Limited and wished them well for the
future.
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Cr J Bartley retired from the meeting
at 2.17 pm.
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Regional
Facilities Auckland (RFA)
Rt Hon Sir
Don McKinnon, Chairperson; Chris Brooks, Chief Executive; and Simon Tran,
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.
The committee acknowledged the contribution from Rt Hon Sir Don McKinnon, Chairperson
– Regional Facilities Auckland and wished him well for the future.
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Resolution
number FIN/2018/149
MOVED by Chairperson R Clow, seconded by Deputy
Chairperson D Simpson:
That the Finance and
Performance Committee:
a) receive
the fourth quarter reports from the following council-controlled
organisations:
i) Auckland
Transport (AT)
ii) Panuku Development Auckland (Panuku)
iii) Watercare
Services Limited (Watercare)
iv) Auckland
Tourism, Events and Economic Development Limited (ATEED)
v) Regional
Facilities Auckland (RFA).
b) thank Richard Aitken, Chairperson – Panuku Developments
Limited; David McConnell, Chairperson – Auckland Tourism, Events and
Economic Development Limited and Joy Buckingham, Chief Financial Officer -
Auckland Tourism, Events and Economic Development Limited; and Rt Hon Sir Don McKinnon, Chairperson
– Regional Facilities Auckland, for their valuable contributions.
CARRIED
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Attachments
a 17 October 2018, Finance and Performance Committee, Item 12 -
Council-controlled organisation fourth quarter report ending 30 June 2018 -
Auckland Transport PowerPoint presentation
b 17 October 2018, Finance and Performance Committee, Item 12 -
Council-controlled organisation fourth quarter report ending 30 June 2018 -
Panuku Developments Auckland PowerPoint Presentation
c 17 October 2018, Finance and Performance Committee, Item 12 -
Council-controlled organisation fourth quarter report ending 30 June 2018 -
Auckland Tourism, Events and Economic Development Limited PowerPoint
presentation
d 17 October 2018, Finance and Performance Committee, Item 12 -
Council-controlled organisation fourth quarter report ending 30 June 2018 -
Regional Facilities Auckland PowerPoint presentation
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14
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2017/2018 Budget Carry Forwards
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A PowerPoint
presentation was given. A copy has been placed
on the official minutes and is available on the Auckland Council website as a
minutes attachment.
Cr D Simpson
declared an interest and left the table at 3.42pm.
Deputy
Chairperson D Simpson retired from the meeting at 4.06pm.
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Resolution number FIN/2018/152
MOVED by Chairperson R Clow, seconded by Cr L Cooper:
That the Finance and
Performance Committee:
a) agree
to amend the Auckland Council group capital expenditure budget for the
carry-forwards from 2017/2018.
b) agree
to carry-forward unspent 2017/2018 operational expenditure of $15 million.
c) agree
to bring-forward $15 million of capital expenditure from 2019/20 to support
business transformation and improvement initiatives through the Investment
Group programme.
d) agree
to bring-forward $20 million of capital expenditure for Panuku from the last
3 years of the LTP for Wynyard Quarter auxiliary works relating to the 36th
America’s Cup.
e) agree
an additional $12 million of capital expenditure for Panuku in 2018/2019 for
super yacht berthing, subject to the Group Chief Financial Officer’s
agreement that favourable returns on investment are achievable for the
council group.
CARRIED
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Note: Pursuant
to Standing Order 1.8.3, Cr J Watson requested that his abstention be
recorded against clause e).
Pursuant to Standing Order 1.8.6 the following
councillors requested that their dissenting votes be recorded against clause
e):
·
Cr S Stewart
·
Cr W Walker
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Attachments
a 17 October 2018, Finance and Performance Committee, Item 14 -
2017/2018 Budget Carry Forwards PowerPoint presentation
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