Council, 1 July 2022.
Council has adopted a Revenue and Financing Policy [PDF, 508 KB] in accordance with sections 102(2)(a) and 103 of the Local Government Act 2002.
The purpose of this policy is to set out how each of the Council’s activities is to be funded – who pays for what, and why.
The policy outlines:
- Available funding mechanisms, such as rates, fees, borrowing, etc.
- Council’s funding considerations, such as the decision about how each Council activity is to be funded and the process followed to reach that decision, including:
- Funding of operating costs, such as the funding mix Council has chosen for each activity’s operating costs.
- Funding of capital costs such as. the funding mix the Council has chosen for each type of capital investment.
The Revenue and Financing Policy sets out the Council’s decision about how each activity is to be funded, and the thinking behind that decision. The application of this policy is set out elsewhere:
- Rates charges and definitions are set out in the Funding Impact Statement.
- Fees and charges for all activities are set out in the Fees and Charges Schedule.
- Development contributions are set out in the Development Contributions Policy.
- Projected dollar revenues and costs for each activity, and the Council as a whole, are set out in the Funding Impact Statement.