Tira Hautū / Governing Body

 

OPEN MINUTES

 

 

 

Minutes of an extraordinary meeting of the Governing Body held in the Reception Lounge, Auckland Town Hall, 301-305 Queen Street, Auckland on 8 February 2024 at 2.25pm.

 

Te Hunga kua Tae mai | present

 

Mayor

Wayne Brown

 

Deputy Mayor

Cr Desley Simpson, JP

 

Councillors

Cr Andrew Baker

 

 

Cr Josephine Bartley

Via electronic link

 

Cr Angela Dalton

 

 

Cr Chris Darby

 

 

Cr Julie Fairey

 

 

Cr Alf Filipaina, MNZM

Via electronic link

 

Cr Christine Fletcher, QSO

 

 

Cr Lotu Fuli

 

 

Cr Shane Henderson

 

 

Cr Richard Hills

 

 

Cr Mike Lee

 

 

Cr Kerrin Leoni

 

 

Cr Daniel Newman, JP

Via electronic link

 

Cr Greg Sayers

 

 

Cr Sharon Stewart, QSM

 

 

Cr Ken Turner

 

 

Cr Wayne Walker

 

 

Cr John Watson

 

 

Cr Maurice Williamson

Via electronic link

 

 


Governing Body

08 February 2024

 

 

 

1          Ngā Tamōtanga | Apologies

 

There were no apologies.

 

 

2          Te Whakapuaki i te Whai Pānga | Declaration of Interest

 

There were no declarations of interest.

 

 

3          Ngā Kōrero a te Marea | Public Input

 

There was no public input section.

 

 

4          Ngā Kōrero a te Poari ā-Rohe Pātata | Local Board Input

 

There was no local board input section.

 

 

5          Ngā Pakihi Autaia | Extraordinary Business

 

There was no extraordinary business.

 

 

6

Budget Update Report February 2024

 

Staff presented the report and initial questioning took place

The meeting adjourned at 2.56pm and reconvened at 3.07pm.

 

Note:   changes were made to the original recommendation, amending clause a) and adding new clause c), with the agreement of the meeting.

 

Resolution number GB/2024/1

MOVED by Mayor W Brown, seconded by Deputy Mayor D Simpson:  

That the Governing Body:

a)      whakaae / approve Watercare’s request for temporary additional debt headroom of $130 million

b)      tuhi ā-taipitopito / note that this additional headroom can be accommodated through additional debt but will increase the Group’s debt to revenue ratio by 2-3 per cent in the current financial year (FY2023/2024). 

c)      tuhi ā-taipitopito / note that Watercare is to return to below 340% debt to revenue ratio for the next financial year (FY2024/2025)

d)      tuhi ā-taipitopito / note that any increase in borrowing by Watercare has no impact on Auckland Council’s operating budgets for 2023/2024 or beyond.

e)      tuhi ā-taipitopito / note that any additional borrowings are largely temporary and have been factored into future planning and budgeting by Watercare, which ensures alignment with Auckland Council’s direction on debt as outlined in the Mayoral Proposal for the Long-term Plan 2024-2034 and the Letter of Expectations for Watercare’s Statement of Intent 2024-2027.

CARRIED

 

 

 

7          Te Whakaaro ki ngā Take Pūtea e Autaia ana | Consideration of Extraordinary Items

 

There was no consideration of extraordinary items.

 

 

 

 

3.08 pm                                              The chairperson thanked members for their attendance and attention to business and declared the meeting closed.

 

CONFIRMED AS A TRUE AND CORRECT RECORD AT A MEETING OF THE Governing Body HELD ON

 

 

 

DATE:.........................................................................

 

 

 

CHAIRPERSON:.......................................................