Financial results
The financial results are from the Annual Report 2008/09.
Budget
The Net Surplus of $1,665,879 exceeded the budget by $368,789 and is mainly due to decrease in net interest paid resulting from delays in the upgrade work compared to projections. This allowed the NRSBU to use the positive cash flow position to partially fund projects.
The reduced income from Contributors is due to delays in the upgrade projects.
Total expenditure was $854,000 less than budget due to reduced net financing costs, less depreciation than anticipated due to the delay in projects and operational savings, which are passed onto customers under their contracts.
Capital expenditure
| Renewal Plan ($,000) | Budget | Actual | Comments |
|---|---|---|---|
| Miscellaneous | 20 | 0 | Scada implementation delayed |
| Pump Stations and Rising Mains | 132 | 2 | Replacement of valves not required |
| Inlet, Aeration Basin, Clarifier and Ponds | 0 | 0 |
|
| Biosolids tank | 0 | 33 |
|
| Solids Handling | 390 | 0 | Not required due to decrease in biosolids produced |
| Rabbit Island | 0 | 0 |
|
| Roads | 19 | 0 | Road upgrade delayed until after completion of upgrade work |
| Resource Consent | 0 | 3 |
|
| Total = | 561 | 38 |
| Upgrade Plan ($,000) | Budget | Actual | Comments |
|---|---|---|---|
| Pump Stations & Rising Mains | 4,500 | 0 | Have not received approval from owners to proceed with the project. |
| Rising Main Study and Strategy | 203* | 207 | * Carry over |
| Liquid waste receiving facility | 371* | 340 | * Carry over |
| Bells Island Treatment Plant | |||
| WWTP upgrade | 3,581 | 2,540 | Civil and M&E to date |
| Clarifier scum removal | 30 | 0 |
|
| Outfall upgrade | 40 | 10 |
|
| Biosolids Facility | 0 | 0 |
|
| Total = | 8,725 | 3,125 | |
