Good afternoon Michael

Thank you for your email dated 2nd October requesting information under the Official Information Act 1982 relating to reporting of Provision for Financial Guarantees.

The information you request will be compiled and we will respond to you as soon as practicable but within 20 working days after the day on which your request was received, as allowed under s15 of the Act.

Kind regards

Ruth Cox
Administration Manager|  Masterton District Council 

161 Queen Street, Masterton 5810 |    [email address]
Ph: (06) 3706304 | #mymasterton

-----Original Message-----
From: Michael Osborne [mailto:[FYI request #6625 email]]
Sent: Monday, 2 October 2017 5:25 p.m.
To: Ruth Cox <[email address]>
Subject: Official Information request - Reporting of Provision for Financial Guarantees in Annual Report 2015/16

Dear Masterton District Council,

In the Masterton District Council Annual Report 2015/16 on page 140 is the reporting of Provision for Financial Guarantees and the first section is NZ Local Government Funding Agency. The report states, "At 30 June 2016, NZLGFA had lent $6.22 billion (2015: $4.955 billion). Financial reporting standards require Masterton District Council to recognise the guarantee liability at fair value. However, the Council has been unable to determine a sufficiently reliable fair value for the guarantee and therefore has not recognised a liability."

1. When was the "the guarantee liability at fair value" for NZLGFA last reported/recognised (in accordance with Financial Reporting Standards) and what was the fair value at that time?
2. Please supply all relevant documentation (emails, documents, whiteboard printouts, reports, spreadsheets etc and any other formats) pertaining to the process of and the determination of fair value of the guarantee liability for NZLGFA in the Annual Report 2015/16.

Yours faithfully,
Michael B Osborne

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Good afternoon Michael

 

Please see attached your OIA response regarding reporting of provisions
for financial guarantees in the Annual Report 2016/17.

 

Kind regards

 

Danielle Armstrong
Danielle Armstrong  | Executive Assistant to the Chief Executive  | 
Masterton District Council | #mymasterton
Level 1, Public Trust Building, Perry Street, Masterton 5810  | ( +64 6
3706283 | ( +64 27 807 0304  | * [1][email address]

 

 

 

 

 

This electronic email and any files transmitted with it are intended
solely for the use of the individual or entity to whom they are addressed.
The views expressed in this message are those of the individual sender and
may not necessarily reflect the views of the Masterton District Council.
If you are not the correct recipient of this email please advise the
sender and delete. Masterton District Council [2]http://www.mstn.govt.nz

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Good morning Michael

PDF version attached.

Kind regards

Danielle Armstrong
Danielle Armstrong  | Executive Assistant to the Chief Executive  |  Masterton District Council | #mymasterton

Level 1, Public Trust Building, Perry Street, Masterton 5810  | +64 6 3706283 | +64 27 807 0304  | [email address]

-----Original Message-----
From: Michael Osborne [mailto:[FOI #6625 email]]
Sent: Tuesday, 31 October 2017 5:31 p.m.
To: Danielle Armstrong <[email address]>
Subject: Re: OIA Response: Reporting of provisions for financial guarantees in the Annual Report 2016/17

Dear Danielle Armstrong,

Thank you for your response which I am reviewing.
However I am unable to read the document - IMPORTANT FW NZLGFA guarantee liability financial statements note disclosure.pdf - please submit that one again in a readable format.

Yours sincerely,

Michael Osborne

-----Original Message-----

Good afternoon Michael

 

Please see attached your OIA response regarding reporting of provisions for financial guarantees in the Annual Report 2016/17.

 

Kind regards

 

Danielle Armstrong
Danielle Armstrong  | Executive Assistant to the Chief Executive  | Masterton District Council | #mymasterton Level 1, Public Trust Building, Perry Street, Masterton 5810  | ( +64 6
3706283 | ( +64 27 807 0304  | * [1][email address]

 

 

 

 

 

This electronic email and any files transmitted with it are intended solely for the use of the individual or entity to whom they are addressed.
The views expressed in this message are those of the individual sender and may not necessarily reflect the views of the Masterton District Council.
If you are not the correct recipient of this email please advise the sender and delete. Masterton District Council [2]http://www.mstn.govt.nz

References

Visible links
1. mailto:[email address]
2. http://www.mstn.govt.nz/

-------------------------------------------------------------------
Please use this email address for all replies to this request:
[FOI #6625 email]

Disclaimer: This message and any reply that you make will be published on the internet. Our privacy and copyright policies:
https://fyi.org.nz/help/officers

If you find this service useful as an Official Information officer, please ask your web manager to link to us from your organisation's OIA or LGOIMA page.

-------------------------------------------------------------------

This electronic email and any files transmitted with it are intended solely for
the use of the individual or entity to whom they are addressed.
The views expressed in this message are those of the individual sender and may
not necessarily reflect the views of the Masterton District Council.
If you are not the correct recipient of this email please advise the sender and
delete. Masterton District Council http://www.mstn.govt.nz

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