Maunga ki Tai

4 / 4

Investment Committee
oversees long-term fund
The Investment, Audit and Finance
Committee, the sub-committee
of the Waikato River Authority,
has a major role in overseeing a
long-term investment fund for the
benefit of the river.
By creating a funding source for the
future, the Authority is looking past
the Crown’s commitment to fund
clean-up activities for a 30 year
period. The Investment Committee
is chaired by iwi appointee to
the Authority Roger Pikia. Other
members of the Investment
Committee are Authority co-chairs
Hon John Luxton and Tukoroirangi
Morgan, along with deputy co-chair
Jenni Vernon and board members
Heemi Biddle and Alan Livingston.
In the past year the long term investment fund grew by $1.5
million and currently stands at just over $40 million.
21 rostrevor street, po box 9338, hamilton 3240
p +64 7 839 7966 e www.
waikatoriver
.org.nz
Chief Executives Vaughan Payne (Waikato Regional Council) and
Bob Penter (Waikato River Authority). The two organisations
recently celebrated the 3rd anniversary of their partnership
agreement. Since the establishment of the Authority at the end of
2010 both organisations have worked in close alignment to restore
and protect the Waikato River and its catchment. In the latest
funding round, the Authority granted approximately $1.6 million
to projects directly or indirectly connected with the
regional council.
Strategic partnership
further strengthened
Successful
Audit
Audit New Zealand carried out
an audit of the Waikato River
Authority and the Waikato
River Clean-up Trust this year.
Audit New Zealand has again
complimented the Authority on
its operations with no material
issues raised.
Chair of the Waikato River
Authority’s Investment
Committee, Roger Pikia.
AnnualReport2014
Annual Report
on-line
The Waikato River Authority’s
2014 Annual Report has been
presented to Parliament and
is available to read on-line at
.
An audit of the Authority’s
2013 – 2014 year activities
were also undertaken by Audit
New Zealand.