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Local Authority Financial Statistics: Year ended June 2011
Embargoed until 10:45am  –  24 July 2012
Key facts

In the year ended June 2011 compared with the year ended June 2010:

  • Local authorities increased their operating deficit from $0.2 billion to $0.6 billion.
  • Funding that local authorities earned to provide core services (operating income) was up 6.5 percent.
  • Income from rates was up 4.9 percent.
  • Spending on core services (operating expenditure) was up 11.6 percent.
  • Local authorities recorded a surplus on all transactions (including valuation changes) of $3.5 billion (up $1.3 billion).
  • Local authorities had assets worth $120.6 billion at 30 June 2011, up 17.1 percent.
  • Local authorities' total equity (difference between assets and liabilities) was $110.0 billion, up 17.9 percent. 
 Graph, Equity of local authorities, from 2006 to 2011.
Geoff Bascand  24 July 2012  
Government Statistician  ISSN 2230-536X

 

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