Waikato River Authority
Annual Report
2012
www.
waikatoriver
.org.nz
47
Trustee expenses
- H Biddle
2,380
1,487
- J Kaati
364
485
- T Morgan
1,838
1,021
- S O’Sullivan
505
379
- R Pikia
807
807
- S Strang
687
601
- J Vernon
1,003
631
7,584
5,411
Total paid to trustees
47,812
42,628
Consultants
276,000
248,059
Total key management personnel compensation
323,812
290,687
Key management personnel have not entered into any transactions with the Trust
other than the above.
Key management personnel include the Trustees and Chief Executive. No Post-
employment, Termination and Other long-term benefits have been supplied to key
management personnel.
All transactions and outstanding balances with these related parties are priced on
an arm’s length basis and are to be settled in cash within six months of the reporting
date. None of the balances are secured.
The Trust has made total grant payments to Dairy NZ of $156,500, this is from
the total grants approved in 2012 of $595,652 (funding round 1). During the year
additional grants were approved of $16,252 to Dairy NZ & Boffa Miskell (funding
round 2), no funds have been paid for this project to date. John Luxton a member of
the Trust board is also the Chairman for Dairy NZ. )
The Trust has made total grant payments to Waikato Regional Council of $60,000,
this is from the total grants approved in 2012 of $73,913 (funding round 1). During
the year additional grants were approved of $86,957 (funding round 2), no funds
have been paid for this project to date. Peter Buckley a member of the Trust board is
also the Council Chairman for Waikato Regional Council.
The Trust has made total grant payments to Te Arawa River Iwi of $52,609, this is
from the total grants approved in 2012 of $85,588 (funding round 1). During the
year additional grants were approved of $153,478 (funding round 2), no funds have
been paid for this project to date. Roger Pika a member of the Trust board is also the
Chair of the Te Arawa River Iwi Trust.
The Trust has made total grant payments to Waikato University of $31,304, this is
from the total grants approved in 2013 of $39,130 (funding round 2). No funds were
approved or paid in the 2012 year to Waikato University. Jenny Vernon a member of
the Trust board is also a member of the Waikato University Council
The Trust has approved total grant payments to Waipa District Council of $120,434
for 2013 (funding round 2). In 2012 total grants approved totalled $104,348 with
payments made of $24,500 (funding round 1). Alan Livingston a member of the Trust
board is also the Mayor on the Waipa District Council.
The Trust has approved grants payments to Tuwharetoa Maori Trust Board of
$252,174 for 2012 (funding round 1), no funds have been paid in the 2013 year
(2012: Nil), Heemi Biddle a member of the Trust board is also a member of the
Tuwharetoa Maori Trust board.
These Trust board members have not been involved in the assessment of these
applications.
No provision has been required, nor any expense recognised for impairment of
receivables, for any loans or receivables to related parties (2012: Nil).applications.
