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 ID: 254553
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Slide1
Waikato River Authority
Annual General Meeting for the period 1 July 2011 to 30 June 2012Address by Bob Penter, Chief Executive8 November 2012, Novotel Hotel, HamiltonSlide2
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 RiverSlide3
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 factorsSlide4
Huka
FallsSlide5
Lake
KarapiroSlide6
Hamilton CitySlide7
Largest tributary to the Waikato River
116km longMajor source of microbes and sediment in lower Waikato River catchmentWaipa River (Ngaruawahia)Slide8
Te
Puuaha o WaikatoSlide9
Funding announced for 26 projects in under $50k category in February 2012. A total of $800,000 allocatedOver $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 partnersHighlights 2011/12Slide10
F
unded projects 2011/12
Waikato River Trails Trust – Riparian planting projects ($143k) Slide11
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)Slide12
Funded
projects 2011/12 .. cont’d
SMP Muir Family Trust restoration of whitebait habitat ($11k)Slide13
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)Slide14
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’dSlide15
Highlights 2011/12 .. cont’d
GST RegistrationGST status of both entities were reviewed during statutory audit and
non
-binding rulings obtained from Inland RevenueWaikato 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 milestoneSlide16
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 roundNga 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’dSlide17
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 ReynoldsSecretary 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.Slide18
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
126,627Slide19
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
-Slide20
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
-Slide21
Key Messages
Good practice is being applied to the evaluation process used to assess grant applicationsPleased to note monitoring procedures are being put in place to monitor the work of grant recipientsThe 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 ReportSlide22
Completion of our 2
nd Annual ReportAppointment of key WRA contractors including the position of Fund Manager (Sean Newland)Our 2nd funding round opened in September 2012 with applications closing on 2nd November.We have received 61 applications seeking total funds of $10.4m
Current StatusSlide23
Completion of the 2nd funding round
Establish GIS web enabled mapping toolAuditing funded projectsFurther and continuing improvements to WRA websiteCreation of key stakeholder database for improved communicationImmediate Tasks AheadSlide24
How do we know if we are if we are being effective?
One funder among a number of othersActual 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 fundingAre there enough capable
organisations
to annually take on new projects?Balancing prosperous communities with a restored and protected river and catchmentChallenges AheadSlide25
Ends