In a report to last week’s council meeting and Monday’s audit and risk committee meeting, financial analyst Lawrie Warwood said the council had received a total of $2.249m in subsidies from NZ Transport Agency Waka Kotahi relating to the October rain event.
A further $2.488m had been approved and would be claimed as work continued through 2025-26.
In early October last year, heavy rain caused surface flooding, slips and road closures across Dunedin and coastal Otago.
A state of emergency was declared in Dunedin and residents in some low-lying areas were told to evacuate.
Yesterday, a council spokesman said the final costs were not yet known as "some sites are still being worked on".
As reported earlier this year, transport-related costs were expected to reach $7.821m — after NZTA’s $4.687m contribution, the council would fund the remaining $3.134m, the spokesman said.
As of June 30, the actual cost of work stood at $5.444m — 84%, or $4.566m of this, related to transport.
"Once all work is completed we will be able to report final costs."
At Monday’s meeting, Cr Christine Garey said she was pleased the costs and subsidies from the weather event were being noted.
"We will have others [events] ahead of us and it’s a really good appreciation of the just extraordinary costs of those kinds of climate-related events."
