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
