Appendix 3: Summary of non-standard audit reports on the 2012-22 LTPs

Matters arising from the 2012-22 local authority long-term plans.
Local authority Draft LTP Final LTP
Adverse opinion
Timaru District Council Prime financial statements were not reasonable estimates, giving no allowance for inflation. The supplementary information included was incomplete. Qualification carried forward unchanged.
"Except for" qualification
Wairoa District Council N/A Overall opinion – unmodified.

"Except for" qualification for non-compliance with the Act – Council did not adopt its LTP before the statutory deadline.
Dual – Emphasis of matter paragraph and "except for" qualification
Kaipara District Council Emphasis of matter

Suitability of the reforecast Statement of Financial Position as at 30 June 2012, risks due to legal issues with targeted rates, and the implications of financial strategy.
Emphasis of matter

Financial strategy could be jeopardised should any of the six risks and uncertainties listed in the audit opinion eventuate.

"Except for" qualification

Non-compliance with the Act – the Council did not comply with all the consultation principles, and did not adopt its LTP before the statutory deadline.
Emphasis of matter paragraph
Auckland Council Assumptions and uncertainty – related to the significant forecasting assumptions associated with funding for the City Rail Link project. Non-standard audit report from the draft LTP carried forward.
Chatham Islands Council Long-term plan assumes ongoing central government support for the delivery of core services, and reliance on unconfirmed central government financial assistance. Non-standard audit report from the draft LTP carried forward.
Dunedin City Council Financial strategy – drawing attention to the risks in the Council's financial strategy arising from four related matters that have significant implications for affordability. Non-standard audit report from the draft LTP carried forward.
Grey District Council Financial strategy – The Council does not fully fund depreciation on core infrastructure and port assets and had not included needed projects in the LTP for rural water supply drinking water supply upgrades. Non-standard audit report from the draft LTP carried forward in respect of core infrastructure and port assets.

Rural water supply projects were provided for in the final LTP.
Opotiki District Council Financial strategy – significant forecasting assumptions associated with the Harbour Transformation project. Non-standard audit report from the draft LTP carried forward.
Ruapehu District Council Financial strategy – highlight the risks associated with delaying renewal of infrastructure and delay of planned capital projects. Non-standard audit report from the draft LTP carried forward.
Waimakariri District Council Assumptions and uncertainty – related to the uncertainty of impact of any further earthquakes. Non-standard audit report from the draft LTP carried forward.
page top