Click through the tabs above to read the Clutha District Council Draft Annual Plan 2025/26 Financial Summary.

Prospective Statement of Comprehensive Revenue & Expense*

* For further details refer to the Draft Financial Information 2025/26.
Please note all figures are rounded to the nearest $1,000.

Revenue

* For further details refer to the Draft Financial Information 2025/26.

Overview of changes

1. Rates
The change in rates from the 2025/26 year in the Long Term Plan is mostly the result of a review of Council projects and an update to the timing of these.

2. Grants, subsidies and donations
‘Better Off Funding’ from central government was initially budgeted in 2024/25 but has been moved to 2025/26 as this is when the bulk of the Bruce Community Facilities project is expected to be completed. We have also contributed $1.5M of investment funding towards this project.

3. Interest revenue
The starting value of our Nikko Investments is lower than the Long Term Plan 2025/26 figure as we are proposing to put $1.5M towards the Bruce Community Facilities project.

4. Fees and user charges
Although there has been an increase in the Waste Management fees and charges there has been an overall reduction in the amount of income we expect to receive.

5. Employee benefits
Reflects proposed organisational business improvement program costs and decisions taken in the 2025/26 annual plan update.

6. Finance costs
Reflects a decrease in external borrowing rate from 5.25% to 4.1%.

7. Depreciation and amortisation
Reflects adjustments relating to recent infrastructure valuations.

8. Other expenses
Reflects increases in budgeted insurance, valuations and water operating costs.

Prospective Statement of Financial Position*

* For further details refer to the Draft Financial Information 2025/26.
Please note all figures are rounded to the nearest $1,000.

* For further details refer to the Draft Financial Information 2025/26.

Overview of changes

1. Current assets
Nikko investment portfolio has been affected by the withdrawal of $1.5M for use on the Bruce Community Facility Project.

2. Non-current assets
Reflects the impact of the revaluation movement and the movement in timing of capital projects.

3. Non-current liabilities
Reflective of the impact timing of project completion has on borrowing.

Click through the tabs above to read the Clutha District Council Draft Annual Plan 2025/26 Updated Draft Forecasts for Rates, Debt and Investments.

Please note all figures are rounded to the nearest $1,000.

Rates

The change in rates from the 2025/26 year in the Long Term Plan is mostly the result of a review of Council projects and an update to the timing of these.

Please note all figures are rounded to the nearest $1,000.

Debt

The change in debt from the 2025/26 year in the Long Term Plan is mostly the result of a review of Council projects and an update to the timing of these.

Please note all figures are rounded to the nearest $1,000.

External Investments

Starting value of our Nikko investment portfolio is lower than the initial LTP.

Click through the tabs above to read an explanation of each benchmark.

Annual Plan disclosure statement for the period ending 30 June 2026

What is the purpose of this statement?

The purpose of this statement is to disclose the Council’s planned financial performance in relation to various benchmarks to enable the assessment of whether the Council is prudently managing its revenues, expenses, assets, liabilities and general financial dealings.

The Council is required to include this statement in its annual plan in accordance with the Local Government (Financial Reporting and Prudence) Regulations 2014 (the regulations). Refer to the regulations for more information, including definitions of some terms used in this statement.

For this benchmark –

a) The Council’s planned rates income for the year is compared with the 2025 actual rates plus 20%; and

b) The Council’s planned rates increases for the year is compared with 20% on rates increases for the year contained in the financial strategy included in the Council’s Long Term Plan.

The Council meets the rates affordability benchmark if –

a) Its planned rates income for the year equals or is less than each quantified limit on rates; and

b) Its planned rates increases for the year equal or are less than each quantified limit on rates increases.

For this benchmark, the Council’s planned borrowing is compared with 280% of revenue limit on borrowing contained in the financial strategy included in the Council’s Long Term Plan.

The Council meets the debt affordability benchmark if its planned borrowing is within each quantified limit on borrowing.

For this benchmark, the Council’s planned revenue (excluding development contributions, vested assets, financial contributions, gains in derivative financial instruments and revaluations of property, plant or equipment) is presented as a proportion of its planned operating expenses (excluding losses on derivative financial instruments and revaluations of property, plant, or equipment).

The Council meets the balanced budget benchmark if its revenue equals or is greater than its operating expenses.

For this benchmark, the Council’s planned capital expenditure on network services is presented as a proportion of expected depreciation on network services.

The Council meets the essential services benchmark if its planned capital expenditure on network services equals or is greater than expected depreciation on network services.

For this benchmark, the Council’s planned borrowing costs are presented as a proportion of planned revenue (excluding development contributions, financial contributions, vested assets, gains on derivative financial instruments, and revaluations of property, plant, or equipment).

The Council meets the debt servicing benchmark if its planned borrowing costs equal or are less than 10% of its planned revenue.