Mayor Greg Gent will be holding an “Annual General Meeting” at the Lounge, Maungaturoto Centennial Hall on 25 October 2017 starting at 1pm.
“It is my intention to hold an "AGM" for Council for the financial year just completed. The meeting will be an opportunity for you to hold us to account for that year. We finished the year with a surplus of $2.8 million which will be used to retire debt. That was against a budgeted surplus (budget set by the Commissioners) of $200k. All of the surplus will be used to retire debt. The year also ended very positively from a working capital perspective however weather meant we got less infrastructure projects completed. We will spend some time having a look at that carry over and see how much can be rolled forward or whether further debt reduction is an option.”