Key facts

 In the year ended June 2013 compared with the year ended June 2012:

  • Local authorities’ operating balance was a $392 million deficit, an improvement after two consecutive years of increasing deficits.
  • Funding earned to provide core services (operating income) was $7.9 billion, up $0.1 billion.
  • Spending on core services (operating expenditure) decreased from $8.5 billion to $8.3 billion.
  • The balance on all transactions (including non-operating and capital transactions) was a surplus of $1.5 billion; up $0.5 billion from June 2012.
  • Local authorities’ equity position was $114.2 billion at 30 June 2013 (up $2.1 billion).
  • borrowing and investments
  • capital expenditure, receipts and financing
  • council tax