Part C: ​Financial information

Rates Funding Statement (excluding GST)

Rate Category Factor Differential Charge Type Total Value of Factor* Rate/charge* Rates yield GST Exclusive $000
General Rate Base (Residential) Capital Value Base differential use $39,413,606,000 ¢0.222919 $87,860
Commercial, Industrial & Business Capital Value Commercial, industrial & business use $11,510,047,000 ¢0.623768 $71,796
TOTAL         $159,656
Sewerage targeted rate Base (Residential) Fixed amount / rating unit Base differential use per connection status 67702 properties $106.60 $7,217
Capital Value Base differential use per connection status $41,872,537,000 ¢0.042703 $17,881
Commercial, Industrial & Business Capital Value Commercial, industrial and business use per connection status $9,702,032,000 ¢0.144444 $14,014
TOTAL         $39,112
Water targeted rate Base (Residential)
(without water meter)
Fixed amount / rating unit Base differential use per connection status without a water meter 59693 properties $143.20 $8,548
Capital Value Base differential use per connection status without a water meter $34,115,672,000 ¢0.044305 $15,115
Base (Residential)
(with water meter)
Consumption unit charge Base differential use per connection status with a water meter n/a $2.020 / m3 $413
Fixed amount / rating unit Base differential use per connection status with a water meter n/a $116.40 $78
Commercial, Industrial & Business
(without water meter)
Capital Value Commercial, industrial and business use per connection status without a water meter $563,721,000 ¢0.423437 $2,387
Commercial, Industrial & Business
(with water meter)
Consumption unit charge Commercial, industrial and business use per connection status with a water meter n/a $2.020 / m3 $13,348
Fixed amount / rating unit Commercial, industrial and business use per connection status with a water meter n/a $116.40 $368
TOTAL         $40,256
Stormwater targeted rate Base (Residential excluding rural) Capital Value Base differental use (excluding rural) $38,888,441,000 ¢0.035895 $13,959
Commercial, Industrial & Business (excluding rural) Capital Value Commercial, industrial and business use (excluding rural) $10,079,699,000 ¢0.040210 $4,053
TOTAL         $18,012
Base sector targeted rate Base (Residential) Capital Value Residential use $39,357,906,000 ¢0.017089 $6,726
Commercial sector targeted rate Commercial, Industrial & Business Capital Value Commercial, industrial & business use $11,565,047,000 ¢0.042672 $4,935
Downtown targeted rate Commercial, Industrial & Business Capital Value Commercial, industrial & business use located in the downtown area $7,748,617,000 ¢0.180703 $14,002
Tawa driveways targeted rate Base (Residential) Fixed amount / rating unit Shared residential access driveways in maintained by Council in the suburb of Tawa (extent of provision of service) 251 properties $133.33 $33
Marsden Village targeted rate Commercial, Industrial & Business Capital Value Commercial, industrial & business use located in Marsden shopping village area $11,845,000 ¢0.121538 $14
Khandallah Business Improvement District targeted rate Commercial, Industrial & Business Capital Value Commercial, industrial & business use located in the Khandallah Business Improvement District area $13,060,000 ¢0.153139 $20
Kilbirnie Business Improvement District targeted rate Commercial, Industrial & Business Fixed amount / rating unit Commercial, industrial & business use located in the Kilbirnie Business Improvement District area 106 properties $500.00 $53
Capital Value over $1,000,000 per rating unit Commercial, industrial & business use located in the Kilbirnie Business Improvement District area for all capital value over $1,000,000 CV per rating unit $81,960,000 ¢0.032943 $27
TOTAL         $80
Mirarmar Business Improvement District targeted rate Commercial, Industrial & Business Fixed amount / rating unit Commercial, industrial & business use located in the Mirarmar Business Improvement District area 126 properties $365.00 $46
Capital Value over $1,000,000 per rating unit Commercial, industrial & business use located in the Mirarmar Business Improvement District area for all capital value over $1,000,000 CV per rating unit $93,920,000 ¢0.036212 $34
TOTAL         $80
TOTAL RATES REQUIREMENT (excluding GST)     282,927

Note: 

When rates for 2016/17 are assessed, GST will be applied to the final rates. The total rates requirment includes rates remissions but excludes rates penalties which are budgeted separately.

The Total Rates Requirement (Excluding GST) differs from the Revenue from rates in the Prospective Statement of Comprehensive Revenue and Expense as the Revenue from rates includes rates penalties not included in this statement.