Finances
In the financial year ending June 2007, Auckland City Council had operating revenue of NZ$552 million, of which 68% came from Council rates, which were NZ$859 per ratepayer on average. It expended NZ$343 million on capital projects, of which 45% went to 'transport' expenses, 19% to 'property and asset management' and 17% to 'open spaces, parks and streetscapes', while 10% were spent on 'stormwater and waste management'. Another 7% were spent on 'arts and culture' and 2% on 'zoo, recreational facilities and community development'. The operating surplus was NZ$40.3 million.
Read more about this topic: Auckland City Council