Waikato River Authority
Annual General Meeting
for the period 1 July 2011 to 30 June 2012
Address by Bob Penter, Chief Executive
8 November 2012,
Novotel
Hotel, Hamilton
Tooku
awa
koiora
me
oona
pikonga
he
kura
tangihia
o
te
maataamuri
―The river of life, each curve more beautiful than the
last
Our
vision is for a future where a healthy Waikato River
sustains abundant life and prosperous communities who, in
turn, are all responsible for restoring and protecting the
health and wellbeing of the Waikato River, and all it
embraces, for generations to come.
Vision for the Waikato River
Waikato River
New Zealand’s longest river (425km),
quarter the length of the country
Mean discharge of 340m
3
/s
9
hydro
-
power stations, and provides
cooling water for
Huntly
power station
(coal): 13% of NZ’s electricity generation
Significantly degraded particularly in
middle and lower reaches of the
catchment due to multiple factors
Huka
Falls
Lake
Karapiro
Hamilton City
Largest tributary to the
Waikato River
116km long
Major source of
microbes and sediment
in lower Waikato River
catchment
Waipa
River (
Ngaruawahia
)
Te
Puuaha
o Waikato
Funding announced for 26 projects in under $50k
category in February 2012. A total of $800,000
allocated
Over $50k projects announced in April 2012. A total of
20 projects in this category with a total of $4.8m
A funding ratio of 0.73 was achieved, for every dollar
allocated by the WRA, 73cents was contributed by
project partners
Highlights 2011/12
F
unded projects 2011
/12
Waikato River Trails Trust
–
Riparian
planting projects ($143k)
Funded projects 2011/12 .. cont’d
DairyNZ
–
Reduce nutrient loads, sedimentation and
faecal
microbes in the Upper Karapiro catchment by
implementing auditable Environmental Management
Plans ($1.5m
DairyNZ
and catchment farmers, $685k
Trust)
Funded
projects
2011/12 ..
cont’d
SMP Muir Family Trust restoration of whitebait
habitat ($11k)
Funded
projects
2011/12 ..
cont’d
National Wetland Trust of NZ
–
Promote
Rotopiko
/Lake Serpentine as a showcase site for
visitors, education, training and research ($600k)
Te
Awa River Ride
–
a major cycle way 3
-
year project
providing riparian planting, access and education on
river ($150k)
Funded
projects 2011
/12 ..
cont’d
Highlights 2011/12 .. cont’d
GST Registration
GST status
of both
entities were reviewed during statutory audit and
non
-
binding rulings
obtained from Inland Revenue
Waikato River Authority
non
-
binding ruling obtained from Inland
Revenue to confirm GST status of entity i
s
not required to be registered
–
Not
registered
Waikato
River Clean Up Trust non binding ruling obtained from Inland
Revenue to confirm GST status of entity
is
entitled to be registered
–
Registered for
GST
For the Trust in particular this was a key milestone
Inclusion of the Vision & Strategy in a
number of
planning documents throughout our region. Notably
the Proposed Regional Policy Statement for the
Waikato Region encompasses the Vision & Strategy
A refresh of the Funding Strategy undertaken
with up
to
$6m
again allocated in this current round
Nga
Wai
o
Maniapoto
(
Waipa
River) legislation passed
in April 2012 expanding the WRA area to include all of
the Waipa River catchment
Highlights 2011/12 ..cont’d
Highlights 2011/12 cont’d ..
“I commend the Authority
in prudently exercising its
fiscal responsibilities .. to
appropriately address its
reasonable costs over and
above the level of Crown
funding.”
Dr
Paul Reynolds
Secretary for the Environment
Recognition from the
Crown of the Authority’s
actual and reasonable
costs. And a commitment
from the Ministry to
review the level of
funding in two years, to
meet those costs.
Financials
–
Waikato River Authority
Revenue
30 June 2012
30 June 2011
Government grants
302,632*
1,250,000
Finance
income
35,171,
4,201
Expenses
Personnel
costs
(15,039)
-
Operating
(400,607)
(398,185)
Surplus
/(deficit) for the period
(77,843)
856,016
*Note
government operating grant of $910,000 split between Authority and
Trust for 2012 year.
Balance sheet
30 June 2012
30 June 2011
Total assets
806,017
982,643
Total equity
778,173
856,016
Total liabilities
27,844
126,627
Financials
–
Waikato River Clean
-
up Trust
Revenue
30 June 2012
30 June 2011
Settlement
funds*
5,310,313
113,473,739
Government grants
607,368
-
Other income
289
-
Finance
income
6,619,716
351,329
Expenses
Operating
(597,340)
-
Depreciation
(4,327)
-
Amortisation
(2,873)
-
Grant payments
(713,989)
-
Surplus
/(deficit) for the period
11,219,157
113,825,068
*Note
the settlement funds represent the present value of the Waikato
Tainui
Raupatu
Claims (Waikato River) Settlement Act 2010 and
Nga
Wai
o
Maniapoto
(
Waipa
River) Act 2012.
Balance sheet
30 June 2012
30 June 2011
Total assets
125,261,954
113,825,068
Total equity
125,044,225
113,825,068
Total liabilities
217,729
-
Financials
–
Waikato River Clean
-
up Trust
Grants
30 June 2012
30 June 2011
Grant payments (excl.
GST)
713,989
-
Made up as follows:
3 Way
Trust
46,378
-
Fish and Game
58,261
-
Boffa
Miskell
34,600
-
Cambridge
Primary School
9,900
-
Cambridge Tree Trust
33,421
-
Hamilton Fish & Game Assn
18,750
-
Landcorp
7,500
-
NZ
Landcare
Trust
37,000
-
Solid Energy
49,900
-
Eel
Enhancement Co Limited
40,000
-
NZ Farm Environment
15,000
-
Raukawa
Charitable Trust
87,910
-
SMP Muir
9,400
-
Waipa
District Council
24,500
-
Hamilton
City Council
122,761
-
Nga
Muku
Developement
Trust
36,535
-
Puna
Whakaata
ki
Oruanui
Charitable Trust
34,696
-
Tauranganui
Marae
4,000
-
Mangakotukutuku
Puna
Koira
Trust
43,478
-
Key Messages
Good practice is being applied to the evaluation process used to
assess grant applications
Pleased to note monitoring procedures are being put in place to
monitor the work of grant recipients
The
financial statements fairly reflected the entities’ activity for
the year and their financial position at the end of the
year.
Key
Issues arising during the audit this year included:
Treatment of settlement funds receivable
under
Waipa
River legislation;
GST
status of both entities
The above
issues have been
resolved
during the
audit.
Audit NZ Management Report
Completion of our 2
nd
Annual Report
Appointment of key WRA contractors
including the position of Fund Manager
(Sean Newland)
Our 2
nd
funding round opened in
September 2012 with applications
closing on 2
nd
November.
We have received 61 applications
seeking total funds of $10.4m
Current Status
Completion of the 2
nd
funding round
Establish GIS web enabled mapping tool
Auditing funded projects
Further and continuing improvements to WRA
website
Creation of key stakeholder database for improved
communication
Immediate Tasks Ahead
How do we know if we are if we are being effective?
•
One funder among a number of others
•
Actual river health difficult to monitor in the short to medium
term (changes occur
over decades)
Developing an integrated, cohesive and logical multi
-
year
funding
programme
rather than potentially fragmented
yearly funding
Are there enough capable
organisations
to annually take
on new projects?
Balancing prosperous communities with a restored and
protected river and catchment
Challenges Ahead
Ends
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