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Photo: ODT files
The Dunedin City Council’s full year of capital expenditure is expected to scrape past $100 million, which is down on budget, but a better rate of delivery than had appeared likely a few months ago.

After 11 months of the financial year, total capital expenditure was $94.4 million, or 83.6% of the year-to-date budget.

The numbers for June are not yet in, but the council’s chief financial officer, Gavin Logie, said he expected the full year of expenditure to end up between $100 million and $105 million.

That would be an increase on what was able to be delivered the previous year, but it was more than $20 million short of what was budgeted.

The council’s delivery of capital expenditure had been shaping to be about the same as that delivered the previous year, but this year’s actual spending moved ahead from about March.

Property capital expenditure was underspent by almost $6.4 million.

Projects affected by delays included replacement of the Dunedin Civic Centre roof and development of the Wall Street mall manuka causeway.

The council’s ability to deliver on planned capital spending could be keenly watched in the next few years.

It is planning to carry out $1.5 billion of capital spending in the next 10 years.

grant.miller@odt.co.nz

Comments

So did they deliver 83% of projects or just spend 83% of planned monies?
Based on DCC's track record I would guess the later.

Quote: "It is planning to carry out $1.5 billion of capital spending in the next 10 years."

If anything is planned that even remotely resembles the past charade of operations, we really are in trouble. I've just seen the St Clair peanut as a stunning example of incompetent planning. Worst part is, it made it past the draft process.
Of the $1.5billion, half of that will be spent on over runs and planning stuff ups........mark my words.

Get your man Vandervis in to it, I would live to see him given a job that he is accountable for. But wait he doesn't tje on jobs because he can not deliver solutions just issues that fragment the population.

 

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