Taranaki councils' financial reports have shown them to be in good health.
While the New Plymouth District Council's accountants are still preparing its reports, the South Taranaki District Council can show it is "on track" in delivering a $12 million surplus for the 2012-13 year compared with its budgeted surplus of $1.57m.
The figures come from South Taranaki's interim annual report released last Monday.
South Taranaki's chief executive officer, Craig Stevenson, said the results showed the council was in a "strong financial position".
"The bulk comes from strong earnings from our long-term investment fund," Mr Stevenson said. "It's performed extremely well over the course of the year which has returned almost $8m more than what we had budgeted." Mr Stevenson is also pleased with $1.74m in operational savings.
Stratford District Council chief executive officer Sue Davidson said it had a $1.82m surplus.
Its budgeted surplus was $580,300. Ms Davidson said the council received an extra $303,000 in rates from oil and energy companies as a result of newly laid pipelines identified for rating purposes.
"The council ends its year in a strong financial position with a small amount of debt and all ratios well within the limits of our financial strategy as detailed in our financial plan," Ms Davidson said.
Things are looking equally bright for the Taranaki Regional Council with an operating surplus of $1.2m compared with a budgeted $65,000.
"We even made $1.2m with a very large chunk coming from an increase in user charge revenue like resource consent and we sold a whole lot of riparian plants," regional council corporate services director Mike Nield said.
"We made more money on them than we had planned."
All four councils' final audited annual reports for the 2012-13 year are due at the end of October.
- © Fairfax NZ News
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