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Local Government (Water Services) Act 2025

Planning, reporting, and financial management - Planning - Water services annual budget

240: Water services annual budget

You could also call this:

"A water service provider must make a yearly plan to manage their water services, called a water services annual budget."

Illustration for Local Government (Water Services) Act 2025

If you are a water service provider, you must prepare a water services annual budget for each financial year, except for the first year. You have to adopt this budget before the financial year starts. This budget is like a plan for how you will manage your water services for the year.

If it is the first financial year of your water services strategy, you do not need to prepare a separate water services annual budget. Instead, you can use the forecast financial statements and the funding impact statement from your water services strategy as your budget. These statements are included in your strategy under clause 5(1) and (2)(d) and clause 5(2)(e) and (9) of Schedule 3.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1010429.

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239: Audit of water services strategy, or

"Checking if a water service provider's plan is working as it should"

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241: Contents of water services annual budget, or

"What's in a water services annual budget?"

Part 4Planning, reporting, and financial management
Planning: Water services annual budget

240Water services annual budget

  1. A water service provider must, for each financial year that is not the first financial year to which the provider’s water services strategy relates, prepare a water services annual budget.

  2. A water service provider must adopt its water services annual budget before the start of the financial year to which the budget relates.

  3. However, the following documents for the first financial year of a water services strategy must be treated as being the water service provider’s water services annual budget adopted for that year:

  4. the forecast financial statements included in the provider’s water services strategy under clause 5(1) and (2)(d) of Schedule 3:
    1. the funding impact statement included in the provider’s water services strategy under clause 5(2)(e) and (9) of Schedule 3.