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Service delivery
Funding our four-year delivery
Four-year financials
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current year adopted budget
draft budget (year 1) forecast budget (years 2-4)
Income Statement
Income from continuing operations
Rates and annual charges User charges and fees Interest and investment revenue Other revenues Grants and contributions provided for operating purposes Grants and contributions provided for capital purposes Other income Total income from continuing operations
Expenses from continuing operations
Employee benefits and on-costs Borrowing costs Materials and services Depreciation and amortisation Other expenses Net losses from the disposal of assets Total expenses from continuing operations Operating result from continuing operations Net operating result for the year before grants and contributions provided for capital purposes 1,210 1,271 202 3,297 9,025
Current Year 1 Year 2 Year 3 Year 4 2021/22 2022/23 2023/24 2024/25 2025/26 $‘000 $‘000 $‘000 $‘000 $‘000
198,945 208,307 212,890 217,786 223,230 94,322 102,132 112,337 118,519 122,424 5,843 5,391 6,736 8,605 10,203 11,432 10,356 10,597 10,995 11,265 16,317 16,687 18,054 18,534 18,961
13,745 33,762 34,504 35,298 36,110
4,072 4,007 4,800 5,760 5,892 344,676 380,642 399,918 415,497 428,085
117,162 125,271 129,037 132,970 136,934 3,556 3,773 3,913 3,591 3,261 102,646 104,359 107,927 112,819 114,001 58,428 63,407 67,454 69,313 71,206 43,601 44,650 49,941 51,109 50,285 4,328 4,149 6,940 7,100 7,263 329,721 345,609 365,212 376,902 382,950 14,955 35,033 34,706 38,595 45,135
Four-year capital funding
Capital Funding
General fund contribution to capital Stormwater Management Service Charge Capital grants & contributions Proceeds from the sale of assets Net loans borrowings/(repayments) Funding available for capital expenditure
Capital Expenditure
Asset renewal New/upgrade Total capital expenditure Transfer to or (draw down on) reserves draft budget (year 1) forecast budget (years 2-4)
Year 1 Year 2 Year 3 Year 4 2022/23 2023/24 2024/25 2025/26 $‘000 $‘000 $‘000 $‘000
56,468 59,978 63,999 71,877 2,360 2,412 2,467 2,524 21,173 21,639 22,532 22,646 617 898 919 940 17,673 (5,669) (5,851) (5,939) 98,291 79,258 84,066 92,048
28,225 24,445 25,008 25,583 50,769 44,029 45,041 46,077 78,994 68,474 70,049 71,660 19,297 10,784 14,017 20,388
Better service delivery
Our plan for continuous improvement
Continuous improvement was introduced as a requirement for local government in the revised IPR framework in 2022, and focuses on ways to better meet the community's expectations around priorities and service levels.
What does this mean for CN?
Continuous improvement is a vital process for CN to ensure our services are:
Appropriate
CN's services meet current and future community needs and wants.
Effective
CN delivers targeted, better-quality services in new ways.
Efficient
CN improves resource use and redirects savings to finance new or improved services.
Quality
CN provides services and assets to a standard guided by our community.
Why is this important?
The key benefits of continuous improvement and service reviews include:
Alignment of services with community needs Higher-quality service provision Cost savings and income generation Increased efficient use of resources
Partnerships and networks with other local governments and service providers Increased capacity of staff to respond to the changing needs of the community Staff working cooperatively across departments A more systematic approach to understanding future community needs.
