Our income
Our income | Ngā Whiwhinga Pūtea
Where possible, expenditure is fully or partially funded by those who directly benefit from that expenditure through user pays (such as bus fares for those using the Metro bus service) or if a project has national benefits through central government grants.
Expenditure not funded by grants and user pays income is funded through general rates, targeted rates or use of reserves.
In 2023/24 we received $295.2M from the following sources:
- Fees, charges and other revenue – 13% of income (2023:13%)
- Subsidies and grants – 30% of Income (2023: 32%)
- General rates – 34% of Income (2023: 33%)
- Targeted rates – 23% of Income (2023:22%).
Rates
The quarterly rates invoice from Environment Canterbury – included in the rates bill from each local territorial authority – contains two different types of rates: a general rate and a targeted rate.
General rates
General rates for an individual property are calculated using the property’s capital value (the combined value of the land and buildings). The total rates for Canterbury are spread across all properties: residential, commercial and industrial. Because rates are calculated on the capital value, higher-value properties have higher rates than properties with a lower capital value.
$101.2M general rates collected
Targeted rates
Targeted rates are levied for a particular purpose or to a group who may benefit from a service that the Council provides. For example, people near a bus route might pay a targeted rate because they could benefit from that bus route, or rural landowners might pay a targeted rate to pay for pest control on their land, a new stop-bank to protect their land from flooding, or an ecosystem restoration programme.
$67.1M targeted rates collected
Other sources of income
Some of our activities are funded by user-pays charges. These are paid on activities such as consents and passenger fares paid on public transport. Environment Canterbury also receives grants to carry out work, particularly for public transport. Much of this funding comes from central government agencies. Grants make up about 30% of Council’s total revenue. Sometimes, Environment Canterbury draws on its reserves to pay for work that is additional to the budget, including some of our water management programmes.
$126.9M other income
Portfolio summary - revenue and expenditure
In 2023/24, we divided activities and related budgets into five service groups or portfolios.
Each is funded by a combination of general rates, targeted rates, user charges, loans and subsidies.
The graphs show the proportion of revenue and expenditure on each portfolio (all figures are in millions of dollars).
More information on the activities and projects that make up these programmes can be found in the full Annual Report (PDF file, 5.4MB).
Total expenditure for all portfolios: $293.6m
Includes $0.957m deduction of other expenditure adjustments
Total income for all portfolios: $324.9m
Find out more about our work
- Learn more about our portfolios
- Read the Annual Plan | Mahere ā Tau 2023/24
- Read the current Long-Term Plan 2024-34 | Te Pae Tawhiti 2024–34
Current Annual Report
- Download the full Annual Report 2023/24 (PDF File, 5.4MB)
- Download the full Annual Report Summary 2023/24 (PDF File, 3.3MB)
Previous Annual reports
- Download the full Annual Report 2022/23 (PDF File, 2.98MB)
- Download the full Annual Report Summary 2022/23 (PDF File, 1.14MB)
- Previous Annual Reports
For paper copies of the full Annual Report, please contact our customer services team.