Monday, May 4, 2015

The Dunedin City Council is finishing the financial year on a high, with an operating surplus of almost $8m.

Its finance committee has just analysed the latest accounts, which show the council's in a better position than expected.

It's received more money through its invested Waipori Fund, and saved on asset maintenance.

The council's got less debt to pay than what was initially budgeted for, and has deferred some work.

But it's received less than expected from the New Zealand Transport Agency for roading projects, and it's lost some money on the sale of a Dukes Road property.

The financial year ends in June.

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