Here we have Invercargill City Council reserves as at 30 June 2009 (file name creates some confusion of the date though) and courtesy of Tuesday’s Extraordinary Finance and Policy meeting agenda, we have reserves as at 30 June 2011.
I question whether interest is attributed to the appropriate reserve accounts though? With regards to Bluff related reserves, we have:
2009 2011
Bluff Development Fund $37,062 $37,061.66
Bluff Community Bd Rate $18,548 $29,571.51
Bluff Service Centre Building $83,938 $111,946.70
Bluff Pool Refit —— $31,910.67
Conveniently we have a Bluff Pool loan of $31,800 and a Service Centre loan of $111,500. They will be cancelling those loans with the reserves (logical).
There is also a Harbour works improvement reserve which I assume means Bluff Harbour. I wonder what it’s purpose is? In 2009 it stood at $38,674 and in 2011 it is $38,337.76. I wonder if they did $300 odd worth of work? lol. It costs that to pick up the phone in local government doesn’t it?
I can’t say I agree with putting the Bluff Town Hall Rate Reserve in the General category. They make the statement in the agenda
All other Reserves all into the ‘General’ Reserve category and as such may be used for
purposes other than that currently specified.
I know it doesn’t make much sense but it also states
The majority of the Reserves are held for Council designated purposes. These can be used,
by resolution, for any other specified purpose.
I don’t agree, a Targeted Rate in my view is for that purpose and only that purpose. While the Town Hall reserve may only be $184.28, it is garnished from the Bluff ratepayers by Council at the request of the Bluff Community Charitable Trust and endorsed and recommended by the Bluff Community Board. It is the BCCT’s money, shouldn’t it be categorised as Specific Purpose?
I totally disagree with the operation of the BCB and BCCT and the fact that they brought the rate upon us within declaring interests or conflicts and we receive no benefit from the Hall. One thing I’m sure of though, it is not for Council to, by resolution, use for any other specified purpose.