Appendix 2: Local authority debt

Matters arising from the 2012-22 local authority long-term plans.

The following table sets out the forecast 2011/12 and 2021/22 debt53 balances for each local authority during the 2012-22 LTP period. The table is sorted reflecting the highest to lowest forecast debt balance at 2021/22.

Local authority Debt 2011/12
$000
Debt 2021/22
$000
Auckland Council (Group) 5,000,595 12,695,212
Wellington City Council 375,306 542,443
Tauranga City Council 410,207 458,934
Hamilton City Council 433,274 454,606
Greater Wellington Regional Council 186,653 375,436
Tasman District Council 154,022 310,807
Dunedin City Council 249,982 215,846
Palmerston North City Council 165,478 201,250
Kapiti Coast District Council 103,863 192,915
Rotorua District Council 150,000 183,033
New Plymouth District Council 140,750 173,490
Queenstown-Lakes District Council 128,475 170,970
Whangarei District Council 154,505 165,929
Taupo District Council 178,963 169,156
Nelson City Council 100,168 144,105
South Taranaki District Council 91,553 142,058
Far North District Council 120,342 124,421
Western Bay of Plenty District Council 151,517 110,017
Timaru District Council 80,547 96,944*
Selwyn District Council 97,520 100,688
Hawke's Bay Regional Council 15,767 99,294
Waimakariri District Council 59,857 95,222
Waikato District Council 26,722 93,724
Marlborough District Council 42,149 91,158
Wanganui District Council 92,507 87,589
Hastings District Council 82,615 81,097
Thames-Coromandel District Council 70,391 74,499
Matamata-Piako District Council 44,353 72,041
Horowhenua District Council 41,500 66,000
Kaipara District Council 86,850 61,688
Invercargill City Council 51,572 57,742
Ashburton District Council 61,795 57,295
Hutt City Council 77,709 56,255
Masterton District Council 40,788 54,174
Waipa District Council 35,335 53,544
Porirua City Council 45,414 52,499
Upper Hutt City Council 24,669 50,154
Ruapehu District Council 31,627 45,459
Waitomo District Council 44,642 34,498
Grey District Council 14,397 34,464
Buller District Council 29,621 32,860
Manawatu District Council 19,726 32,668
Rangitikei District Council 5,833 31,781
Southland District Council 14,622 24,623
Gisborne District Council 42,402 23,562
Whakatane District Council 51,750 19,079
Opotiki District Council 5,436 17,908
South Wairarapa District Council 9,349 16,711
Central Hawke's Bay District Council 12,274 14,816
Westland District Council 11,305 13,981
Canterbury Regional Council (Environment Canterbury) 6,823 13,163
Hurunui District Council 13,500 12,000
Carterton District Council 6,507 10,989
Hauraki District Council 31,160 10,673
Gore District Council 11,607 10,430
Tararua District Council 9,967 10,363
Wairoa District Council - 10,315
Kaikoura District Council 6,505 8,588
Stratford District Council 5,666 6,868
South Waikato District Council 8,102 6,010
Mackenzie District Council - 4,803
Otago Regional Council 26,403 4,124
West Coast Regional Council 2,261 2,825
Central Otago District Council 3,625 2,339
Otorohanga District Council 13,318 1,948
Waimate District Council 3,675 815
Chatham Islands Council 754 490
Bay of Plenty Regional Council - -
Clutha District Council 11 -
Kawerau District Council 3 -
Manawatu-Wanganui Regional Council (Horizons Regional Council) 20,000 -
Napier City Council 4,028 -
Northland Regional Council - -
Southland Regional Council - -
Taranaki Region Council - -
Waikato Regional Council - -
Waitaki District Council 8 -
Total debt 9,840,620 18,691,388

* This is the non-inflation adjusted debt balance for Timaru District Council. The inflation-adjusted amount disclosed in the Council's additional schedules is $102,820.


53: The debt figures in this table are made up of current and non-current debt, and derivative financial instruments. Derivative financial instruments (such as interest-rate swaps) are used to hedge exposure to interest-rate risk arising from financing activities. Derivative financial instruments are recognised at fair value in the balance sheet. In the body of this report, references to individual debt balances do not include derivatives if narrative in the LTP allows the debt amount to be separately derived. For example, references to debt for Auckland Council elsewhere in this report refer to the 2011/12 balance as $4.8 billion and the 2021/22 balance as $12.5 billion, which is only the external borrowing.

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