The line graph illustrates the financial trends of a local authority in New Zealand, focusing on four key components: rates revenue, user charges, borrowings, and grants and subsidies, between 2012 and 2022.
Overall, the data reveals that rates revenue and user charges exhibited consistent growth over the decade, with the former remaining the most significant source of revenue. Borrowings experienced substantial fluctuations, while grants and subsidies demonstrated remarkable stability, contributing the least to the overall financial structure.
Rates revenue followed a steady upward trajectory, beginning at approximately $1,500 million in 2012 and reaching nearly $2,400 million by 2022, representing a cumulative increase of around 60%. Similarly, user charges rose from $1,000 million to about $1,800 million over the same period, reflecting a growth rate of 80%. Both categories showcased sustained growth, underpinning the financial stability of the local authority.
Conversely, borrowings displayed significant volatility. After starting at $800 million in 2012, they peaked at almost $1,600 million in 2015, before falling sharply and recovering to a secondary peak of $1,800 million in 2019. Subsequently, borrowings declined to approximately $1,000 million by 2022, indicating an unpredictable pattern. Meanwhile, grants and subsidies remained relatively unchanged at just under $700 million throughout the decade, marking them as the most stable yet least substantial source of income.