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Local Authority Financial Statistics: Year ended June 2010
Embargoed until 10:45am  –  27 July 2011
Key facts

In the year ended June 2010 compared with the year ended June 2009:

  • Local authorities' operating income (funding earned for core services) was up 7.5 percent.
  • Rates were up 6.2 percent.
  • Operating expenditure (spending on core services) was up 5.6 percent.
  • Local authorities reduced their operating deficit from $0.4 billion to $0.3 billion.
  • Local authorities recorded a surplus on all transactions (including valuation changes) of $2.1 billion. This is a decrease of $0.5 billion.
  • Local authorities had assets worth $102.9 billion at 30 June 2010, up 4.2 percent.
  • Local authorities' net equity position (difference between assets and liabilities) was $93.3 billion, up 2.3 percent. 
Graph, Equity of local authorities, year ended June, 2005–10.
Geoff Bascand  27 July 2011  
Government Statistician  ISSN 2230-536X

 

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