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Local Authority Financial Statistics: Year ended June 2012
Embargoed until 10:45am  –  24 July 2013
Key facts

Please note: the data in this release is an accounting representation of the activities of local government. This differs from the economic representation shown in Government Finance Statistics (Local Government): Year ended June 2012.

See Differences between Government Finance Statistics (Local Government) and Local Authority Financial Statistics for an explanation of the differences.

In the year ended June 2012 compared with the year ended June 2011:

  • Local authorities' operating deficit increased from $0.6 billion to $0.7 billion.
  • Funding earned to provide core services (operating income) was up $0.4 billion.
  • Spending on core services (operating expenditure) was up $0.5 billion.
  • The surplus on all transactions (including valuation changes) was $1.1 billion (down $2.4 billion).
  • Local authorities had assets worth $124.2 billion at 30 June 2012 (up $3.2 billion).
  Graph, Local authorities' surplus including non-operating and capital transactions, 2003 to 2012.
Dallas Welch  24 July 2013  
Acting Government Statistician  ISSN 2230-536X

 

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