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Purchase and Monitoring Advice - Housing New Zealand Corporation

Purchase and Monitoring Advice - Housing New Zealand Corporation
This output expense involves the provision of purchase and monitoring advice in relation to Housing New Zealand Corporation.

Performance measures Performance to 30 June 2006
Output: HNZC Monitoring and Purchase Advice
Ministerial satisfaction assessed through a structured discussion with the Minister. This will include performance on quality standards agreed with the Minister

Conversations take place on an ongoing basis and discussions are held at chief executive level. Monitoring and purchase advice provided by the Department for shareholding Ministers included:

  • advice on Corporation accountability documents (letter of expectations, quarterly reports, statement of intent)
  • administering the income-related rents agreement
  • providing purchase advice to the Minister on Corporation funding proposals.

Financial Performance(figures are GST exclusive)

2006

Actual

$000

2006

Main
Estimates

$000

2006

Supplementary
Estimates

$000

2005

Actual

$000

Revenue - Crown 386 386 386 393
Revenue - departmental 9 14 16 6
Revenue - other - - - -
Total revenue 395 400 402 399
Total expenses 389 400 402 361
Net surplus/(deficit) 6 - - 38