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Larry. N. Mitchell Contact Details

Larry. N. Mitchell Contact Details. Larry. N. Mitchell Finance & Policy Analyst (Local Government). Presentation to the Rodney District “Combined Ratepayers” meeting 3 rd July 2004. The Rodney District Council’s “Vital Statistics”. An assessment of the RDC, the criteria.

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Larry. N. Mitchell Contact Details

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  1. Larry. N. MitchellContact Details Larry. N. Mitchell Finance & Policy Analyst(Local Government)

  2. Presentation to the Rodney District “Combined Ratepayers” meeting 3rd July 2004. The Rodney District Council’s “Vital Statistics”

  3. An assessment of the RDC, the criteria. • Physical, geographic and demographic characteristics … ‘Size’ • Financial position and performance • Governance • The future • Overall assessment

  4. Size Characteristics

  5. Size characteristics. • Item Value Ranking out of 9 • Ratepayers Equity 942931 2 • Total Liabilities 1086124 2 • Total Assets 1817484 2 • Infrastructure Assets 787106 3 • Rating Revenue 60418 1

  6. Financial position and performance

  7. Financial position and performance

  8. Financial position and performance • (8b) Economic Factors • Regional Economic Growth 28 Low • Building Consents Average Movement 7 Very High • Building Consents Current Change 6 Very High • Workforce Unemployed 26 High • Ratepayer Land Investment 8 High • Ratepayer Capital Investment 9 High • Ratepayer Land & Capital Investment 9 High • Debt Capacity 11 Low • Valuation Measure - No of Properties 3 Very High • Valuation Measure - $ Value of Properties 31 Very Low • Composite index of Economic Factors High

  9. Governance

  10. Governance

  11. Governance • How do others see us? • A Commissioner appointed! • Two financial divisions • Biz New Zealand survey • Federated Farmers 199 “Mugs Club” members • Voter turn-out …Apathy or disillusionment?

  12. Governance • Staff levels 1995, 192 employees • Staff levels 2004, 328 employees plus contracted “staff”. • Cost-effective spending?, • District plan … $?M, • PENLINK $7 -$10M, • W’paroa sewerage scheme, $17M and • Plan change 62 …$? • Playgrounds and front office?

  13. The future • Based on the adopted 2004-2014 LTCCP… • It’s ‘full steam ahead on the Titanic’ • New vision, policies and abilities will be crucial to meet the challenges • This election represents a watershed in RDC’s history. • Crunch time has arrived!

  14. $168m in total $4200 per rate payer per ratepayer in total 2002 2007 RDC Debt per Ratepayer & Total Debt 40,000 rate payers Prudent maximum debt per ratepayer - $ 1500 $41.5m in total $1121 per rate payer 37,000 rate payers

  15. 44,000 ratepayers $14.6m total $9.4mtotal per ratepayer $332 p/r $235 p/r in total 40,000 ratepayers $2.4mtotal 37,000 ratepayers $65 p/r 2002 2007 2011 RDC Debt Interest

  16. Future Debt ratio’s

  17. Overall assessment • Huge challenges, mostly attributable to the nature of the district and its rate of growth • The RDC could and must do much better • Crunch time (now) involves the need for true community-based decision making • So that we will leave our children and grandchildren with a District heritage of which we can justly be proud. • Ref; www.kauriglen.co.nz ‘Mitch for Mayor’

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