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Local Authority Financial Statistics: Year ended June 2013
Embargoed until 10:45am  –  23 July 2014
Key facts

In the year ended June 2013 compared with the year ended June 2012:

  • Local authorities’ operating balance was a $392 million deficit, an improvement after two consecutive years of increasing deficits.
  • Funding earned to provide core services (operating income) was $7.9 billion, up $0.1 billion.
  • Spending on core services (operating expenditure) decreased from $8.5 billion to $8.3 billion.
  • The balance on all transactions (including non-operating and capital transactions) was a surplus of $1.5 billion; up $0.5 billion from June 2012.
  • Local authorities’ equity position was $114.2 billion at 30 June 2013 (up $2.1 billion).

 Graph, Local authorities surplus including non-operating and capital transactions, year ended June, 2004 to 2013.

Colin Lynch, Acting Government Statistician
ISSN 2230-536X
23 July 2014

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