The presented line graph illustrates the previous and planned financial expences in millions of dollars for a local authority in New Zealand over the 10-year period between 2012 and 2022.
Overall, rates revenue and user charges experienced a steady increase in the given period, with rates revenue remaining the leading source. Conversely, grants and subsidies stayed relatively stable as the lowest source, and borrowing fluctuated noticeably.
Looking at the leading categories in more detail, rates revenue started at just below $1,500 million in 2012 and gradually increased to peak at approximately $2,400 million in 2022. Following closely behind, user charges rose steadily from $1,000 million in 2012 to reach a total of $2,000 million in 2022, double the initial amount. Both categories maintained their position as the first and second-highest financial sources respectively.
Turning to the remaining categories, grants and subsidies started as the lowest with around $400 million in 2012 and increased twofold to approximately $800 million in 2016, before gradually declining to $500 million in 2022. Meanwhile, borrowings began at nearly $800 million in 2012 and fluctuated over the period. The category experienced a sudden spike in 2020, rising from just below $1,000 million to around $1,400 million before falling back to $800 million in 2021 and staying constant until the end of the period.