The 2021-31 long-term plans at a glance

Matters arising from our audits of the 2021-31 long-term plans.

Long-term plan main financial forecasts of all councils

Forecast revenue (billions)

Forecast revenue increases from $15.6 billion in 2021/22 to $22.4 billion in 2030/31 (an increase of 43.6%).

Forecast rates revenue increases from $7.5 billion in 2021/22 (48% of total revenue) to $12.2 billion in 2030/31 (54% of total revenue).

Forecast operating expenditure (billions)

Increases from $13.4 billion in 2021/22 to $18.9 billion in 2030/31 (an increase of 41%).

Forecast capital expenditure

$77.2 billion

Councils propose to spend $77.2 billion on their assets.

Annual capital expenditure is expected to range between $7.5 and $7.9 billion.
$32.5 billion on renewing assets

$26.5 billion on improving levels of service

$18.2 billion on meeting additional demand

On average, renewal expenditure is forecast to be 84% of the amount of depreciation.


Forecast gross debt

Increases from $24.7 billion in 2021/22 to $38.4 billion in 2030/31.

Forecast gross debt as a percentage of revenue peaks at 201% in 2024/25.

Interest expenditure as a percentage of gross borrowing ranges between 3.1% and 3.3% over the forecasts.

Long-term plan audit results

Timeliness

Audit opinions

Other facts

Infrastructure strategies

Disclosures about climate change

Windmill imageAll councils included appropriate disclosures on how climate change is expected to affect them and their communities. councils produced a combined financial and infrastructure strategy.

There were more than 5000 references to “climate change” in the 2021-31 long-term plans, an average of 65 references for each council. In the previous long-term plans, the average was 27.