Notice of Meeting:
I hereby give notice that an ordinary meeting of the Finance
and Council Controlled Organisations Committee will be held on:
Date: Tuesday
8 March 2022
Time: 1.00
pm
Venue: Via
Audio Visual Link
Sandy Graham
Finance and Council Controlled Organisations Committee
SUPPLEMENTARY AGENDA
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Chairperson
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Cr Mike Lord
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Deputy Chairperson
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Cr Doug Hall
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Members
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Cr Sophie Barker
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Cr David Benson-Pope
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Cr Rachel Elder
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Cr Christine Garey
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Cr Carmen Houlahan
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Cr Marie Laufiso
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Cr Jim O'Malley
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Cr Jules Radich
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Cr Chris Staynes
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Cr Lee Vandervis
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Cr Steve Walker
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Cr Andrew Whiley
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Senior Officer Gavin
Logie, Chief Financial Officer
Governance Support Officer Wendy
Collard
Wendy Collard
Governance Support Officer
Telephone: 03 477 4000
Wendy.Collard@dcc.govt.nz
www.dunedin.govt.nz
The meeting
will be live streamed on the Council’s YouTube page: https://youtu.be/g3qzXxs3loY
Note: Reports
and recommendations contained in this agenda are not to be considered as
Council policy until adopted.
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Finance and Council
Controlled Organisations Committee
8 March 2022
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ITEM TABLE OF CONTENTS PAGE 10
Part
A Reports (Committee has power to decide these matters)
8 2021
Annual Reports for the Dunedin City Holdings Ltd Group 4
12 Dunedin
City Holdings Limited Group Companies - Quarterly Update 506
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Finance and Council Controlled Organisations
Committee
8 March 2022
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Part
A Reports
2021 Annual Reports for the Dunedin City
Holdings Ltd Group
Department: Executive Leadership Team
EXECUTIVE SUMMARY
1 This
report provides the 2021 Annual Reports of Dunedin City Holdings Ltd (DCHL)
Group companies.
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RECOMMENDATIONS
That the Committee:
a) Notes the 2021 Annual Reports of:
- Dunedin City Holdings Limited
- Aurora Energy Ltd
- City Forests Ltd
- Delta Utility Services Ltd
- Dunedin City Treasury Ltd
- Dunedin Stadium Property Ltd
- Dunedin International Airport Ltd
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BACKGROUND
2 The
subsidiaries and associate companies of Dunedin City Holdings Ltd are required
to prepare and deliver an Annual Report to Council for noting.
DISCUSSION
3 The
annual report for Dunedin City Holdings Limited was completed and received
audit signoff on Monday 28 February 2022. This was outside the statutory
deadline as a result of the delays laid out in the attached report from the
Board of DCHL.
4 The
remaining listed Annual Reports were delivered to Council by the statutory
deadline of 30 November 2021.
5 Please
note that the Annual Reports for the following companies are outstanding
pending completion of the statutory audits by Audit NZ: Dunedin Venues
Management Limited and Dunedin Railways Limited. These audits will
be completed in March/April 2022 subject to the availability of audit resource.
6 As
this report is for administrative and statutory reporting purposes, a summary
of considerations and options is not required.
OPTIONS
7 Not
applicable
Signatories
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Author:
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Gavin Logie - Chief Financial Officer
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Authoriser:
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Attachments
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Title
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Page
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⇩a
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DCHL Cover Report
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6
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⇩b
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Dunedin City Holdings
Limited
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8
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⇩c
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Aurora Energy Limited
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100
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⇩d
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City Forests Limited
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202
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⇩e
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Delta Utility Services
Limited
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272
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⇩f
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Dunedin City Treasury
Limited
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354
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⇩g
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Dunedin Stadium
Property Limited
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398
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⇩h
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Dunedin International
Airport Limited
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429
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Finance and Council Controlled Organisations
Committee
8 March 2022
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Finance and Council Controlled Organisations
Committee
8 March 2022
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Finance and Council Controlled Organisations
Committee
8 March 2022
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Finance and Council Controlled Organisations
Committee
8 March 2022
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Finance and Council Controlled Organisations
Committee
8 March 2022
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Finance and Council Controlled Organisations
Committee
8 March 2022
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Finance and Council Controlled Organisations
Committee
8 March 2022
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Finance and Council Controlled Organisations
Committee
8 March 2022
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Finance and Council Controlled Organisations
Committee
8 March 2022
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Dunedin City Holdings Limited Group Companies
- Quarterly Update
Department: Executive Leadership Team
EXECUTIVE SUMMARY
1 This
report provides a quarterly update for the period ended 31 December 2021 for
the Dunedin City Holdings Limited (DCHL) Group.
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RECOMMENDATIONS
That the Committee:
a) Notes the Dunedin City Holdings Limited Group Quarterly
Update for the period ended 31 December 2021.
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BACKGROUND
2 In
the Letter of Expectation issued to DCHL on the 16 December 2021, Council
requested regular reporting from DCHL to the Finance and Council Controlled
Organisations Committee.
DISCUSSION
3 Council
has signalled in the Letter of Expectation that it wanted to have increased
public visibility on a regular basis of the work of the DCHL group companies
given that they represent such significant assets for the city.
4 Council
will develop a broader group wide investment plan, engaging with DCHL who will
provide support and resource through the process.
OPTIONS
5 Not
applicable.
NEXT STEPS
6 Regular
reporting is a first step looking at considering the performance of the
companies and how they can continue to contribute to the broader operations of
the wider DCC group.
7 As
this is the first time that the company quarterly reports have been presented
in this format any feedback from Councillors will be considered and
incorporated into future quarterly reports.
Signatories
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Author:
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Gavin Logie - Chief Financial Officer
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Authoriser:
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Sandy Graham - Chief Executive Officer
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Attachments
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Title
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Page
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⇩a
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DCHL Cover Report
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508
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⇩b
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DCHL Quarterly Update
Report
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509
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Finance and Council Controlled Organisations
Committee
8 March 2022
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Finance and Council Controlled Organisations
Committee
8 March 2022
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