He said the Deloitte report had ended up being another audit, branding it “just ridiculous”. Rolleston wanted to know how much the council had spent on the report, with staff saying $35,000 had been budgeted but not all was spent. “Christchurch Foundation is owned by the people of Canterbury. They are who I look to, to do reporting,” Rolleston said. The report found that for each donated dollar, the foundation incurred 56 cents of costs, considerably higher than Auckland Foundation at 23 cents and Momentum Waikato at 41 cents. But Carter told the council that when calculating that figure, Deloitte had taken out the $11.4 million it had received in donations related to the 2019 mosque attacks, but kept in the costs it incurred in collecting and distributing that money.
A fund set up to attract money into Christchurch is under fire for its lack of transparency and high costs, but its chief executive says it has nothing to hide.
Christchurch mayor defends Christchurch Foundation over lack of financial transparency nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.
Christchurch council seeks clarity on cost of multi-million dollar climate change strategy stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.