Optimistic outlook for North Otago tourism

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The Waitaki Development Board recorded a small loss after tax in the latest financial year.

For the year ending June 30, 2013, the board had income of $922,228 and expenditure of $917,950 which, after tax, left a small loss of $69, a reduction on the deficit

of $33,811 recorded in the 2012 financial year.

The information is contained in the board’s annual report which will be considered

by the Waitaki District Council at a meeting tomorrow. The board is owned by council.

 

By CHRIS TOBIN