monitoring programmes, while for another 96 (10%) of the consents a good level of environmental
performance and compliance was achieved. A further 27 (3%) of consents monitored required improvement
in their performance, while the remaining one (<1%) achieved a rating of poor.
In terms of overall environmental and compliance performance by the consent holder over the last several
years, this report shows that the consent holder’s performance remains at a high level in the year under
review.
construction of the new East Stand. To date the project spend
is $33.0m. Funding is in place for the work to be completed. The delivery of the repair and recovery programme will
require the Trust to borrow from the Taranaki Regional Council. The servicing of this debt will come from rates sourced
Taranaki Regional Council funding.
Looking Ahead
Yarrow Stadium and the Trust face some challenging times ahead as the goal of returning the Stadium to full
operational use is
commenced and will accelerate over the next twelve months. To date the project spend is $19.0m. Funding is in place
for the work to be completed.
The delivery of the repair and recovery programme will require the Trust to borrow from the Taranaki Regional
Council. The servicing of this debt will come from rates sourced Taranaki Regional Council funding.
Looking Ahead
Yarrow Stadium and the Trust faces some challenging times ahead as the goal of returning the Stadium to full
the redevelopment project. Work on the project has
commenced and will accelerate over the next twelve months. To date the project spend is $3.4m. Funding is in place
for the work to be completed.
The delivery of the repair and recovery programme will require the Trust to borrow up to $30m from the Taranaki
Regional Council (in addition to the existing $5m loan facility). The servicing of this debt will come from rates sourced
Taranaki Regional Council funding.
Looking Ahead
Covid-19. The project was put on hold to allow a review of options to be completed.
Through this review, the Council successfully applied for “shovel-ready” funding ($20m) from Crown Infrastructure
Partners.
With the shovel-ready funding secured and the review of options complete the project has recommenced. As well as
bringing a cut of 45% in the Yarrow Stadium targeted rates from 1 July 2021, the funding injection has made it easier to
ensure this iconic venue can continue
environmental
performance and compliance for 878 (87%) of a total of 1007 consents monitored through the Taranaki
tailored monitoring programmes, while for another 96 (10%) of the consents a good level of environmental
performance and compliance was achieved. A further 27 (3%) of consents monitored required improvement
in their performance, while the remaining one (<1%) achieved a rating of poor.
In terms of overall environmental and compliance performance by the consent holder over the last several
allocation of the region’s water
resources.
page
19
Ngā ritenga pūtea
Financial trends
Actual
2022/23
Budget
2022/23
Actual
2021/22
Actual
2020/21
Actual
2019/20
Actual
2018/19
Actual
2017/18
Actual
2016/17
Actual
2015/16
Actual
2014/15
General rates 11.8m $11.8m $10.94m $7.95m $7.95m $7.95m $7.61m $7.54m $7.46m $7.40m
Percent change 7.9% 7.9% 37.6% 0% 0% 4.5% 1.0% 1.0% 0.9% 1.4%
General rates to
income 26.8% 25.4% 25.9% 15.7%
Page 17 of 30
Income Tax
Income tax expense includes components relating to current tax and deferred tax, and is calculated using tax rates and tax laws
that have been enacted or substantively enacted at balance date.
Current tax is the income tax payable based on the taxable profit for the current year, plus any adjustments to income tax
payable in respect of prior years.
Deferred tax is the amount of income tax payable or recoverable in future periods in respect of temporary
for the following six months.
Working with Iwi Communications to prepare material and set timing for extensive iwi engagement.
Continuing recruiting for Engagement Officer position.
Policy and Planning Committee - Freshwater Implementation Programme Update
12
page
Project Risk/Opportunity Management
Description Effect Mitigation Strategy
Risk Rating
(unmitigated)
Actions currently being taken
Lack of a clear strategy
and timeline for
monitoring programmes, while for another 96 (10%) of the consents a good level of environmental
performance and compliance was achieved. A further 27 (3%) of consents monitored required improvement
in their performance, while the remaining one (<1%) achieved a rating of poor.
In terms of overall environmental and compliance performance by the consent holder over the last several
years, this report shows that the consent holder’s performance remains at a high level.
This report includes