Purchase and Monitoring - Housing New Zealand Corporation (HNZC)
This output class involves the provision of purchase and monitoring advice in relation to Housing New Zealand Corporation.
Key Business Strategies
The key business strategy in this output class is to ensure high-quality, evidence-based advice is provided to Ministers on Housing New Zealand Corporation's activities and on the performance of these activities.
Service Performance
| Deliverable |
Performance to 30 June 2005 |
| Ministerial satisfaction is assessed through a structured discussion with the Minister. This will include performance on quality standards agreed with the Minister |
It was originally intended that ministerial satisfaction would be assessed through a structured discussion with the Minister. This was superseded by the formation of the Department. Instead, the Department met with the Minister of Housing to discuss and agree amendments to the way in which it monitored HNZC |
| Negotiation of a 2005/08 Statement of Intent for HNZC that Ministers are satisfied is aligned with the government's goals by 30 June 2005 |
Completed
Joint advice on the SOI, from the Department and Treasury, was provided to Ministers on 20 June 2005
|
| Negotiation of a work programme for the delivery of policy advice and research by HNZC that Ministers are satisfied is aligned with the government's goals by 30 June 2005 |
Not yet complete
HNZC provided a proposed policy, research and evaluation work programme in July 2005. The Department is working with HNZC to co-ordinate respective work programmes
|
| Provision of four reports to Ministers with analysis of HNZC's quarterly performance within 10 working days of receipt of the HNZC's quarterly performance information |
Completed
Three of the four reports were provided within 10 working days of receipt of HNZC's quarterly performance information. The fourth report was provided on the 11th working day
|
| Development of an annual expectation letter to the Chair of HNZC on behalf of the Ministers by 31 January 2005 |
Completed
The HNZC Letter of Expectations was completed and signed out by Ministers on 11 April 2005
|
| Provision of ownership advice to the Ministers as required |
Ongoing
In addition to ownership advice on HNZC's quarterly reports and Statement of Intent development, covered above, the Department has provided input into advice to Ministers on HNZC's long-term capital requirements
|
| Provision of purchase advice on housing funding proposals to the Minister of Housing in a timely manner |
Ongoing
Advice provided as required including on:
- updated financial delegations to administer non-departmental expenses within Vote: Housing
- budget initiatives process for Vote: Housing, including identification of options for deferring and/or reducing capital expenditure
|
| Completion of an independent review of the income-related rent setting and reimbursement processes in conjunction with HNZC by 30 June 2005 |
Completed
Final version of the report was received on 27 June 2005
|
| Ongoing management of the HNZC Board appointment process |
Ongoing
During 2004/05, three appointments and two re-appointments to the Board were made
|
| Administration of the Crown's income-related rents agreement with HNZC, including forecasting of income-related rents and reimbursement of the cost of providing income-related rents to qualifying tenants |
Ongoing |
| Financial Performance (figures exclusive of GST) |
2005
Actual
$000 |
2005
Main
Estimates
$000 |
2005
Supplementary
Estimates
$000 |
2004
Actual
$000 |
| Revenue |
| Crown |
393 |
1,670 |
393 |
511 |
| Departmental |
6 |
7 |
7 |
1 |
| Other |
- |
- |
- |
- |
| Total Revenue |
399 |
1,677 |
400 |
512 |
| Total Expenses |
361 |
1,677 |
400 |
507 |
| Net surplus/(deficit) |
38 |
- |
- |
5 |