Invercargill City Council is tracking ahead of where it expected to be financially for the financial quarter ending September 30. The Invercargill City Council is tracking ahead of where it expected to be financially. Council's acting director of finance Dave Foster provided a report at the finance and policy meeting on Tuesday which outlined the council's financial performance for the first financial quarter ending September 30. Foster told the finance and policy meeting that Invercargill was "one of very few councils" in New Zealand with the AA+ rating. The council had knocked off close to $1m in interest costs which had helped its position, Foster said.

Source: Stuff December 03, 2019 04:30 UTC