Financial Summary for 2019/20

Consultation has concluded

He whakarāpopoto pūtea 2019/20

The information below provides a summary of how we intend to invest from 1 July 2019 - 30 June 2020. It is broken down into capital expenditure (CAPEX) and operational expenditure (OPEX). A simple way to think about CAPEX and OPEX is to imagine you are buying a new car. You would use money from your CAPEX budget to buy the car. Money from your OPEX budget would be used to run the car, eg filling it with petrol, any repayments you needed to make on the car as well as repairs and maintenance.

We've also included information on how we intend to fund our key projects and work programmes, changes to fees and user charges as well as an update of what's happening to Wellington City rates.

He whakarāpopoto pūtea 2019/20

The information below provides a summary of how we intend to invest from 1 July 2019 - 30 June 2020. It is broken down into capital expenditure (CAPEX) and operational expenditure (OPEX). A simple way to think about CAPEX and OPEX is to imagine you are buying a new car. You would use money from your CAPEX budget to buy the car. Money from your OPEX budget would be used to run the car, eg filling it with petrol, any repayments you needed to make on the car as well as repairs and maintenance.

We've also included information on how we intend to fund our key projects and work programmes, changes to fees and user charges as well as an update of what's happening to Wellington City rates.

Consultation has concluded
  • Cost of delivering Council services

    by Fiona@WCC, 6 months ago
    Paddling waka

    Operating expenditure (OPEX)

    The Council delivers a broad range of quality services to its residents – everything from roads, footpaths, libraries and festivals, museums, sports-fields and animal control. The total value of all the facilities and assets the Council uses to deliver services to Wellingtonians is $7.2 billion. The cost of delivering and running these Council services in 2019/20 will be $538 million or $6.87 per day per resident – less than two cups of coffee.

    Operating expenditure (OPEX)

    The Council delivers a broad range of quality services to its residents – everything from roads, footpaths, libraries and festivals, museums, sports-fields and animal control. The total value of all the facilities and assets the Council uses to deliver services to Wellingtonians is $7.2 billion. The cost of delivering and running these Council services in 2019/20 will be $538 million or $6.87 per day per resident – less than two cups of coffee.

  • Cost of renewing, upgrading or building things we own

    by Fiona@WCC, 6 months ago
    Waitangi park 96317 1061

    Capital expenditure (CAPEX)

    Capital expenditure is used to renew or upgrade existing assets or to build new assets to provide a higher level of service or account for growth. Our assets include buildings, roads and footpaths, water, stormwater and wastewater pipes, libraries, swimming pools, and sportsfields.

    Capital expenditure (CAPEX)

    Capital expenditure is used to renew or upgrade existing assets or to build new assets to provide a higher level of service or account for growth. Our assets include buildings, roads and footpaths, water, stormwater and wastewater pipes, libraries, swimming pools, and sportsfields.

  • Where the money comes from

    by Fiona@WCC, 6 months ago
    3 source of funding

    The Council uses a number of mechanisms to fund our operational and capital expenditure. Rates are expected to fund 60 percent of our operational expenditure.

    We also collect revenue from fees and user charges, grants and government subsidies, and other sources such as interest and dividends from investments. Capital expenditure is funded through borrowings, grants and government subsidies, and development contributions for projects which aim to meet the demands from growth.

    The Council uses a number of mechanisms to fund our operational and capital expenditure. Rates are expected to fund 60 percent of our operational expenditure.

    We also collect revenue from fees and user charges, grants and government subsidies, and other sources such as interest and dividends from investments. Capital expenditure is funded through borrowings, grants and government subsidies, and development contributions for projects which aim to meet the demands from growth.

  • Rates

    by Fiona@WCC, 6 months ago
    4 rates

    Ngā reiti

    We are proposing to increase average rates by 3.9 percent in 2019/20.

    The Council is planning to collect $325 million (GST exclusive) of rates during 2019/20. This figure reflects our efforts to manage the city's finances efficiently and prudently.

    Who pays rates?

    Whether you rent, own a home, or a business in Wellington, you'l be paying rates.

    If you rent, your landlord pays the rates on the property you live in. If you own the property, you pay rates directly to Wellington City Council.

    Your contribution helps us deliver services and pay for the borrowings used to pay...

    Ngā reiti

    We are proposing to increase average rates by 3.9 percent in 2019/20.

    The Council is planning to collect $325 million (GST exclusive) of rates during 2019/20. This figure reflects our efforts to manage the city's finances efficiently and prudently.

    Who pays rates?

    Whether you rent, own a home, or a business in Wellington, you'l be paying rates.

    If you rent, your landlord pays the rates on the property you live in. If you own the property, you pay rates directly to Wellington City Council.

    Your contribution helps us deliver services and pay for the borrowings used to pay for big projects across Wellington.


    To find your property and rates information visit our property search.

  • Changes to fees and user charges

    by Fiona@WCC, 6 months ago
    Parking

    Ngā whakarerekētanga ki ngā utu me ngā utu kaiwhakamahi

    Many of our services are paid for through a combination of rates and user charges. If the cost of delivering these services rise, the increase will be covered by all ratepayers, through rates, and by users of the services rise, the increase will be covered by all ratepayers, through rates, and by users of the services, through an increase in fees/user charges. Our fees are set in accordance with our Revenue and Finance Policy, and depend on a range of factors including who benefits from the activity (see below). Areas...

    Ngā whakarerekētanga ki ngā utu me ngā utu kaiwhakamahi

    Many of our services are paid for through a combination of rates and user charges. If the cost of delivering these services rise, the increase will be covered by all ratepayers, through rates, and by users of the services rise, the increase will be covered by all ratepayers, through rates, and by users of the services, through an increase in fees/user charges. Our fees are set in accordance with our Revenue and Finance Policy, and depend on a range of factors including who benefits from the activity (see below). Areas where we are proposing to increase fees include:

    • Parking services
    • Dog registration fees
    • Community centres
    • Swimming pools and sportsfields
    • Marinas
    • Cemeteries
    • Landfill

    To view the specific changes to fees see important documents. Parking changes are also discussed in the transport section.