The information in this Hot Off The Press is based on data from the Quarterly Local Authority Survey. Information for more recent quarters is provisional until the publication of the results from the annual Local Authority Census.
While rates, dividends, and depreciation are not seasonally adjusted, all other quarterly results are seasonally adjusted unless otherwise stated. Annual results are also not seasonally adjusted. Revenue and expenditure exclude non-operating and extraordinary transactions.
Final data for the year ended June 2008 is now available. Annual data, at a more detailed level than is available quarterly, has been incorporated as a benchmark into the quarterly statistics. Revisions to annual data have been made back to the year ended June 2004, which has resulted in revisions to some of the series in tables 1 to 9 and are shown in revision tables 10 and 11.
Quarterly operating results
Local authorities recorded a $101.0 million deficit in operating expenditure over operating revenue in the June 2009 quarter. This is $40.3 million larger than the March 2009 quarter deficit and $49.7 million larger than the June 2008 quarter deficit.
Operating revenue
Total operating revenue for the June 2009 quarter was $1,661.1 million, up $13.8 million (0.8 percent) compared with the March 2009 quarter. The rise was mainly due to increases in investment income (up $17.1 million or 23.4 percent), government grants and subsidies (up $9.6 million or 4.4 percent), rates (up $8.7 million or 0.9 percent), and regulatory income and petrol tax (up $4.2 million or 4.1 percent). Sales of goods and services decreased $25.8 million or 8.7 percent between the March 2009 quarter and June 2009 quarter.
Total operating revenue increased by $109.9 million (7.1 percent) between the June 2008 quarter and June 2009 quarter.
Investment income
Investment income in the June 2009 quarter was $90.2 million, up $17.1 million (23.4 percent) from the March 2009 quarter. Income from dividends increased $17.6 million while interest revenue fell $0.5 million between the March 2009 quarter and the June 2009 quarter. Income from dividends revenue is not seasonally adjusted.
Operating expenditure
Total operating expenditure in the June 2009 quarter was $1,762.1 million, up $54.1 million (3.2 percent) compared with the March 2009 quarter. All expenditure categories increased this quarter, with the most significant contribution coming from depreciation (up $22.5 million or 6.4 percent). This is followed by employee costs (up $14.6 million or 3.8 percent), interest paid (up $9.6 million or 10.7 percent), and purchases of goods and services (up $7.2 million or 0.8 percent). Depreciation is not seasonally adjusted.
Total operating expenditure increased by $159.6 million (10.0 percent) between the June 2008 quarter and June 2009 quarter.
Annual operating results
Final results for the year ended June 2008 have been incorporated into the quarterly series. Previous annual data has also been revised back to the year ended June 2004, which has resulted in revisions to a number of the quarterly series. The annual results show a combined operating deficit of $56.3 million in the year ended June 2008 for New Zealand's 86 local authorities. This compares with an operating surplus of $123.9 million for the year ended June 2007.
Operating revenue was $6,152.9 million, while operating expenditure was $6,209.1 million, for the year ended June 2008.
Operating revenue
Annual operating revenue increased by $395.0 million (6.9 percent) in the year ended June 2008. All income categories increased from the year ended June 2007, with the most significant contribution coming from general rates (up $242.6 million or 7.9 percent). Sales and other income (up $37.7 million or 3.8 percent), fees and fines (up $34.3 million or 10.0 percent), and grants, subsidies and levies (up $33.1 million or 4.3 percent) also contributed to the increase.
Operating expenditure
Annual operating expenditure increased by $575.1 million (10.2 percent) in the year ended June 2008.
All expenditure items contributed to the annual expenditure increase. Expenditure increases were recorded for purchases and other expenses (up $257.7 million or 8.8 percent), employee costs (up $125.5 million or 9.7 percent), depreciation (up $112.4 million or 9.7 percent), and interest paid (up $79.6 million or 33.0 percent).
For technical information contact:
Gareesh Madhas
Wellington 04 931 4600
Email: info@stats.govt.nz
Next release ...
Local Authority Statistics: September 2009 quarter will be released on 16 December 2009.