3 waters depreciation and differentials – rates model
With the upcoming changes to the future ownership of our three waters assets (drinking water, stormwater and wastewater), Council is proposing that we will not fund depreciation for those assets in the 2023/2024 year.
Council has identified five options for the allocation of rates. Four of these options assume that Council will not be funding the depreciation of 3 waters in the 2023/2024 year. Whichever option is adopted, the total rates revenue will remain the same.
The preferred option is: 20% UAGC with the Rural differential reduced from 1 to 0.95, and Rural Residential differential reduced from 0.75 to 0.7
Permanent Otira Public Toilets
Council has reviewed the project, and considered the financial and social implications. Given the construction costs and ongoing maintenance costs, the provision of permanent public toilets at Otira are not warranted based on the small number of likely users. There is concern that the level of use does not justify the ongoing costs of cleaning and caretaking, and maintenance of a public toilet block.
The preferred option is: to retain the temporary structure and not build a permanent toilet block.
Review of fees and charges
We propose amend some of our fees and charges as part of our policy for user-pays.
Revenue and expenses
We are proposing to increase or reduce the budgets for some activity areas and we have reviewed our expenses and identified where budgets have changed.
Capital Expenditure
Where we are continuing our capital programme as planned. Some capital projects have been brought forward from later years where related projects have already been completed.
Read more about our proposed changes in the Consultation Document and appendix.