The Council gets its money from a range of sources, including rates, borrowing, and money from user charges and government grants, especially from NZTA for roading.
This section outlines how much money comes from each source and what we will spend it on this year, including both operating spending and capital investment.
In 2020/2021, only 49% of our total funding will come from your rates, as shown in the table below.
|Sources of Council funding||%|
|Transfers from reserves||13%|
|Fees, charges and operational subsidies||11%|
|Dividends and interest||4%|
|Capital contributions, grants and subsidies||4%|
In 2020/2021, we will spend a total of $1.14 billion on operating and capital costs.
The table below shows where the Council plans to spend the funding collected during 2020/21.
The Other classification includes $67.5 million of interest costs either externally recovered or not allocated to Groups of Activities. Capital expenditure for the Canterbury Multi Use Arena, IT projects, and Performing Arts Precinct are also included.
|Total Council spending, by activity||$000||%|
|Communities and citizens||229,773||20%|
|Roads and transport||178,356||15%|
|2019/20 Capital carry forwards||88,747||8%|
|Parks, heritage and coastal environment||76,411||7%|
|Regulatory and compliance||41,626||4%|
|Strategic planning and policy||37,110||3%|