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
Chief Executive Officer
Finance and Council Controlled Organisations Committee
SUPPLEMENTARY AGENDA
MEMBERSHIP
Chairperson |
Cr Mike Lord |
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Deputy Chairperson |
Cr Doug Hall
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Members |
Cr Sophie Barker |
Cr David Benson-Pope |
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Cr Rachel Elder |
Cr Christine Garey |
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Cr Carmen Houlahan |
Cr Marie Laufiso |
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Cr Jim O'Malley |
Cr Jules Radich |
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Cr Chris Staynes |
Cr Lee Vandervis |
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Cr Steve Walker |
Cr Andrew Whiley |
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
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.
Finance and Council Controlled Organisations Committee 8 March 2022 |
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 |
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.
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 |
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
Author: |
Gavin Logie - Chief Financial Officer |
Authoriser: |
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|
Title |
Page |
⇩a |
DCHL Cover Report |
6 |
⇩b |
Dunedin City Holdings Limited |
8 |
⇩c |
Aurora Energy Limited |
100 |
⇩d |
City Forests Limited |
202 |
⇩e |
Delta Utility Services Limited |
272 |
⇩f |
Dunedin City Treasury Limited |
354 |
⇩g |
Dunedin Stadium Property Limited |
398 |
⇩h |
Dunedin International Airport Limited |
429 |
Finance and Council Controlled Organisations Committee 8 March 2022 |
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.
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
Author: |
Gavin Logie - Chief Financial Officer |
Authoriser: |
Sandy Graham - Chief Executive Officer |
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Title |
Page |
⇩a |
DCHL Cover Report |
508 |
⇩b |
DCHL Quarterly Update Report |
509 |