performance
Besides discussing the various details of the performance and extent of compliance
by the Company, this report also assigns them a rating for their environmental and
administrative performance during the period under review.
Environmental performance is concerned with actual or likely effects on the
receiving environment from the activities during the monitoring year.
Administrative performance is concerned with the Contact Energy’s approach to
demonstrating consent compliance
effluent from the Stratford Wastewater Treatment Plant
into the Patea River.
A 20 year timeframe provides the required certainty to
enable the upgrades to be investigated and undertaken
over time.
The proposed plant upgrades are aimed at improving the
effluent quality while remaining cost effective for the
rate payers. There is no requirement for upgrading the
plant capacity.
The timeframe of the upgrade stages are based on
economic considerations. The upgrades proposed are:
•
are all rated as nationally significant
assets.5
Electricity
There are two levels of connectivity for the Taranaki
electricity network:
The high voltage national electrical transmission
system that covers both North and South Islands.
This system connects generation sources to local
substations and is operated by Transpower. The
Taranaki region connects at Stratford to the
National Grid through 220 kV circuits that run north
to Huntly and south-east to
and enhanced.
THE BOTTOM LINE
The Council finished the 2017/2018 year with a surplus
of $962,000 (total comprehensive income). Total
expenditure was $26.6m. Overall it was a good result,
noting that the general rates increases have been at or
below the rate of inflation for the past few years (a 1%
general rates increase in 2017/2018). The Council’s
balance sheet remains very strong, with no public debt.
All of the achievements outlined here would not
Potential significant changes in direction that are not planned.
These could result from changes in the Council’s mandated
functions, structure or leadership.
Potential changes to dividend returns from Port Taranaki
Ltd. Dividends are budgeted to account for about 15% of
the Council’s total revenue. Changes could impact
positively or negatively on rates. Estimates for future
dividends are conservative and the Council works closely
Low rates increases
- Average 1.3% for past
housing affordability and housing development. The report also includes information on business land
and floor space.
Summary of findings:
We are expected to be a medium-high population growth district.
Residential Indicator Group 1: In general all the indicators in this group have increased with the
exception of the housing affordability measure. This leads us to believe that while the cost of
building or buying your first home has increased, it is less than the rate of
myrtle species.
page
Recount June 2017 Page 3
Historic occasion
heralds new future
Regional rates will remain virtually
unchanged under the 2017/2018 Annual
Plan adopted by the Taranaki Regional
Council.
“It’s pleasing that we will remain one of the
lowest-rating Councils in New Zealand,”
says the Council Chairman, David
MacLeod. “Our focus remains firmly on
ensuring our programmes and operations
are efficient and effective and of value to
the community,
for servicing the liability, with the aim of
avoiding the use of rate income.”
The story now: The inherited debt was largely
paid off by 1997, when the Council received
its first cash dividend from the port. Dividends
have since offset rates requirements, and the
Council also operates a dividend equalisation
fund, in which any dividends surplus to budget
are kept for when dividends are below budget.
Port Taranaki Ltd, meanwhile, reported its
highest-ever
Besides discussing the various details of the performance and extent of compliance by
the consent holder/s during the period under review, this report also assigns a rating
as to each Company’s environmental and administrative performance.
Environmental performance is concerned with actual or likely effects on the receiving
environment from the activities during the monitoring year. Administrative
performance is concerned with the Company’s approach to demonstrating consent
compliance in site
modelled water quality variables. Model predictions were evaluated
to be very good, good, satisfactory or unsatisfactory, following the criteria proposed by Moriasi
et al., 2007, outlined in Table 4.
Table 4: Performance criteria for statistics used in this study, from (Moriasi et al., 2007).
Performance Rating RSR NSE PBIAS
Very good RSR ≤ 0.50 NSE > 0.75 |PBIAS| <25
Good 0.50 < RSR ≤ 0.60 0.65 < NSE ≤ 0.75 25 ≤ |PBIAS| < 40
Satisfactory 0.60 < RSR ≤ 0.70 0.50 < NSE ≤