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Waikato River Authority
Annual Report
2014
www.
waikatoriver
.org.nz
49
Trustee expenses
- H Biddle
3,272
2,380
- P Buckley
549
-
- J Kaati
364
364
- A Livingston
388
-
- T Morgan
1,582
1,838
- S O’Sullivan
-
505
- R Pikia
1,018
807
- S Strang
343
687
- J Vernon
813
1,003
- W Maag
673
-
- V Eparaima
317
-
9,319
7,584
Total paid to trustees
51,014
47,812
Consultants
366,080
276,000
Total key management personnel compensation
417,094
323,812
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 $386,500 ($156,500 2013
and $230,000 2014), this is from the total grants approved in 2012of $595,652
(funding round 1). During the 2013 year additional grants were approved of $16,252
to Dairy NZ & Boffa Miskell (funding round 2), this project has now been paid in full
and completed. 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 $73,913
(funding round 1), this has now been paid in full and the project is completed. During
the 2013 year additional grants were approved of $86,957 (funding round 2), no
funds have been aid to date. During the 2014 year additional grants were approved
of $40,373 and $42,502 for Waikato Regional Council & Manipoto Trust and Waikato
Regional Council & Nga Uri a Maahanga respectively, no funds have been made in
relation to these two grants. Peter Buckley a member of the Trust board is also the
Councillor for Waikato Regional Council.
The Trust has made total grant payments to Te Arawa River Iwi of $52,609 (paid in
prior years), this is from the total grants approved in 2012 of $85,588 (funding round
1), this project is now completed and closed. During the 2013 year additional grants
were approved of $153,478 (funding round 2), funds of $42,444 have been paid out
on this grant during the year. 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 $39,130, this is
from the total grants approved in 2013 of $39,130 (funding round 2), this project is
now completed and paid in full. No funds were approved or paid in the 2012 year to
Waikato University. Jenny Vernon a member of the Trust board was also a member of
the Waikato University Council but has since left the role.