The Otago Regional Council may have posted a $5.1 million
surplus, about $2 million more than budgeted for, but it is
not money in the bank, council finance and corporate services
director Wayne Scott says.
A $1.4 million reserve set aside to provide grants to develop
irrigation schemes has been rendered unusable under its
present status by a change to the Local Government Act, the
Otago Regional Council says.