INDEPENDENT NEWS

Local Authority Revenue Rises

Published: Mon 19 Mar 2001 11:44 AM
Local Authority Statistics: December 2000 Quarter
Local authorities' operating revenue rose during the December 2000 quarter, according to Statistics New Zealand's latest Quarterly Local Authority Survey. Seasonally adjusted operating revenue in the December 2000 quarter was $969.5 million, an increase of 3.4 per cent compared with the September 2000 level of $937.3 million. The increase in revenue, due to increases in government grants and subsidies, rates, petrol tax, licence fees and fines, was partly offset by a decrease in the sale of goods and services and all other income.
Operating expenses at $894.7 million increased by 1.1 per cent in the latest quarter due to increases in depreciation and employee costs, and were partly offset by a decrease in interest paid. Purchases of goods and services have been relatively flat for the last four quarters and are unchanged for the December 2000 quarter.
Overall, there was a seasonally adjusted surplus of current revenue over current expenditure of $74.8 million in the December 2000 quarter. This is an increase of $22.9 million compared with the September 2000 quarter, but a decrease of $19.4 million over the December 1999 quarter, when a surplus of $94.2 million was recorded.
Brian Pink GOVERNMENT STATISTICIAN
END

Next in New Zealand politics

Concerns Conveyed To China Over Cyber Activity
By: New Zealand Government
GDP Decline Reinforces Government’s Fiscal Plan
By: New Zealand Government
New Zealand Provides Further Humanitarian Support To Gaza And The West Bank
By: New Zealand Government
High Court Judge Appointed
By: New Zealand Government
Parliamentary Network Breached By The PRC
By: New Zealand Government
Tax Cuts Now Even More Irresponsible
By: New Zealand Labour Party
View as: DESKTOP | MOBILE © Scoop Media