While currently in the final stages of the independent audit, the draft report will be considered at the Kōrau Tōtōpū Long-term Plan, Finance, and Performance Committee next Tuesday 29 October 2024 prior to elected members voting on its adoption at Te Kaunihera o Pōneke Council on Thursday 31 October 2024.
LTP, Finance & Performance Committee | Agenda
Highlights from the draft report include the Council’s highest-ever delivery of capital projects, totalling $464.2 million, reaching the halfway point on strengthening work on Te Matapihi Central Library, and starting the construction of Te Whare Wai Para Nuku, the Sludge Minimisation Facility at Moa Point, which will reduce the volume of sludge created by up to 80% and reduce emissions created through the treatment and processing of sludge by up to 60%.
The draft report notes that despite challenging economic conditions the Council’s overall result was an operating surplus of $8.7 million, compared with a planned surplus of $64.8 million. While revenue and expenditure were predominately as budgeted, the grant revenue from the off-balance sheet loan for the Sludge Minimisation Facility was lower than expected due to the timing of the project and when spend will occur across financial years.
Wellington City Council Annual Reports outline in detail how the Council and its Council-controlled organisations (CCOs) performed over the financial year, including against our key performance indicators. They state progress on delivering the key projects, programmes and services that help to create a dynamic, sustainable and vibrant city.
The period covered by this report is from 1 July 2023 to 30 June 2024. It will be the final report against the Council’s 2021–31 Long-term Plan, fulfilling obligations under the Local Government Act 2002. The final version of the report, along with the Annual Report summary, will be published on the website on 2 December 2024.
The report can be read on our website here.