✨ Irrigation Scheme Settlement Report
2 AUGUST
NEW ZEALAND GAZETTE
2047
interest in the area for vineyards, and soil and aspect limitations. Several landowners who initially contracted to receive a supply for horticultural development later sought legal avenues to have their irrigable assessment significantly reduced. The irrigated area is now about 220 hectares.
The intake for the irrigation scheme also serves the Whangamarino Rural Water Supply Scheme which was constructed by the Waikato District Council. Funding of the irrigation scheme was in terms of the 1983 amendment to the Public Works Act 1981 which provided a 70% grant for the works. There was no funding for construction of water supply systems on the properties. The rural water scheme received a 50% subsidy. Water supply to the irrigation and rural water supply schemes commenced in September 1985. Supply has extended to the Meremere township after the sale.
The two schemes are now managed jointly under a water board appointed by the Council, the irrigation association, and representatives of the Meremere and Te Kauwhata townships and rural ratepayers.
2. Previous Gazette References
3 May 1984 NZ Gazette, No.70, p.1432.
3. Purchaser
Te Kauwhata Irrigation Association Inc.
4. Effective Date
1.10.89
5. Date of Purchase
10.7.90
6. Date of Financial Statement
25.2.93
Amount of Settlement ($)
- Purchase price paid for the assets ... 7,000
- Water rates revenue refunded ... 0
- Other payments by the Crown ... 8,000
- Net Settlement by Purchaser ($) ... 8,232
- Debtors transferred to Purchaser ($) ... 0
Assets & Liabilities of the Crown before Settlement ($)
- Historic Capital Cost ... 1,007,532
- Accumulated Liabilities ... 287,312
- Liabilities Retained by the Crown ... None
SOURCE OF FINANCIAL INFORMATION
The financial information in this report has been prepared by the Ministry of Agriculture and Fisheries from the best historical information available to the Ministry when it took over responsibility for Community Irrigation Schemes owned by the Crown on 1 April 1988. The approach taken by MAF was determined and assessed by Touche Ross, Accountants, and found to be valid. The Audit Office reviewed the accounts prepared by MAF for presentation and reasonableness of the accounting treatment.
Accounting by the Crown
The Crown’s irrigation assets and liabilities were not recorded in the Crown Accounts during the management of the assets by the Ministry of Works and Development prior to 1 April 1988. After the assets were transferred to MAF on 1 April 1988, expenditure from that date was recorded in the accounts of MAF Technology until 30 June 1990. From 1 July 1990, all expenditure on the operation and maintenance of the schemes, and the costs and revenue from their sales have been recorded in the Crown accounts.
The full balance sheets for the Crown Accounts were established on 1 July 1991. The values of the assets and liabilities were based on the estimated amounts due to be received by and paid by the Crown after 1 July 1991 under the terms of the Sale and Purchase Agreements.
Settlement Payments to or by the Purchasers
The financial settlements with the Purchasers were carried out by MAF. The final outcomes of the settlements were reviewed by Deloitte Ross Tohmatsu. The sources of the information were not audited, nor were they reviewed in terms of the New Zealand Society of Accountants Statement of Review Engagement Standards. The financial information has, however, been accepted by the Irrigation Companies concerned as full and final settlement of their Agreements for purchase of the assets.
Prior to making payment, the settlements were referred to Treasury to confirm that they reflected the intentions of the Sale and Purchase Agreements.
GST Liability
These financial statements do not include GST although the settlement payments by the Crown covered the Purchasers liability for GST. The Purchasers paid GST on work carried out by the Crown after the effective date, but were not required to pay GST on the price paid for the assets.
List of Crown-funded Irrigation Schemes Sold
| Purchased as | Crown Scheme | |
|---|---|---|
| Amuri Plains | Waiau Plains, Waiarekia | 3 |
| Arrow | Arrow River | 1 |
| Ashburton-Lyndhurst | Ashburton-Lyndhurst | 1 |
| Bannockburn | Bannockburn | 1 |
| Beggs | part of Ardgour | 1 |
| Blackstone | part of Omakau | 1 |
| Burn Cottage | Burn Cottage | 1 |
| Earnscleugh | Earnscleugh/Blackmans | 1 |
| Eiffelton | Eiffelton | 1 |
| Galloway | Galloway | 1 |
| Glenbrook | Glenbrook | 1 |
| Glenmark | Glenmark | 1 |
| Greenstreet | Greenstreet | 1 |
| Haeva | Hawea Flat | 1 |
| Hawkdun Idaburn | Hawkdun and Idaburn | 2 |
| Ida Valley | Ida Valley | 1 |
| Kerikeri | Kerikeri, Puketotara, and Kapiro | 3 |
| Last Chance | Last Chance | 1 |
| Levels Plain | Levels Plain | 1 |
| Loburn | Loburn | 1 |
| Lower Waitaki | Lower Waitaki (mining rights previously leased) | 1 |
| Luggate Creek | Luggate Creek | 0 |
| Maerewhenua | Maerewhenua Settlement | 1 |
| Maniototo | Maniototo | 1 |
| Manuherekia | Manuherekia | 1 |
| Maungatapere | Maungatapere | 1 |
| Mayfield-Hinds | Mayfield-Hinds | 1 |
| Morven Glenavy Ikawai | Morven Glenavy and Redcliffs | 2 |
| Omakau | Omakau | 1 |
| Pisa | Pisa | 1 |
| Pukerimu | Pukerimu | 1 |
| Rangitata Diversion Race | Rangitata Diversion Race | 1 |
| Ripponvale | Ripponvale | 1 |
| Tablelands | Tablelands | 1 |
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NZ Gazette 1996, No 79
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NZ Gazette 1996, No 79
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Assets and Liabilities of the Crown before Settlement for Te Kauwhata Irrigation Scheme
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🌾 Primary Industries & ResourcesIrrigation, Settlement, Te Kauwhata, Waikato River, Horticulture