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Monday
Mar212011

TUGPRA (2)

The mystery surrounding the TUGPRA Account continues to grow. The matter was raised today in Public Forum by Peter Wood who became passionate in his demand that staff cease sidestepping the issue and come clean with the full report that has been requested for some years - 12 according to CB Chair Strat Peters who re-emphasised the issue later in the presence of the CE and Mayor.

Strat asked that the accounting information be presented in a standard general ledger format, along with the narrative of what has happened with this account from its inception. In particular, he was most concerned about loans from the account to purchase assets, the treatment of rental income from both the farms and the RSA Building, and the role of the Thames Parks and Reserves account, along with rates subsidies.

He indicated a real need for a proper analysis of changes to rates likely to result from a reallocation of income. He may well have asked why the instruction to staff by the previous Board to withdraw the Parks and Reserves subsidy over a three year period was not put into effect. 

Presumably answers to all these questions will be provided at a closed door workshop for the CB set down for 28 March, and with any luck the information may become public shortly thereafter, or at least in time for the next Board meeting on 2 May.

 

 

 

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Reader Comments (2)

How can the TCBd make good decisions when it is denied info on how much and where money is going? Indeed it seems the CEO is asking elected members to make policy and decisions so staff can implement them. This would be ok if the members had full knowledge of where rates have been spent and had full access to each activity's budget and how successful it was last year. This info is kept by staff and not shared. i,e, such reasons for Thames ratepayers to heavily subsidise the Shortland wharf, airfield. community halls. Rhodes Park are unclear as monetary info is with-held from TCBd.

March 28, 2011 | Unregistered CommenterPETER H. WOOD.

How can the TCBd make good decisions when it is denied info on how much and where money is going? Indeed it seems the CEO is asking elected members to make policy and decisions so staff can implement them. This would be ok if the members had full knowledge of where rates have been spent and had full access to each activity's budget and how successful it was last year. This info is kept by staff and not shared. i,e, such reasons for Thames ratepayers to heavily subsidise the Shortland wharf, airfield. community halls. Rhodes Park are unclear as monetary info is with-held from TCBd.

March 28, 2011 | Unregistered CommenterPETER H. WOOD.

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