Long Term Plan Disclosure Statement for the Period Commencing 1 July 2018 Debt Servicing Benchmark The following graph displays the council's planned borrowing costs as a proportion of planned revenue (excluding development contributions, financial contributions, vested assets, gains on derivative financial instruments, and revaluations of property, plant or equipment). Because Statistics New Zealand projects the council's population will grow more slowly than the national population is projected to grow, it meets the debt servicing benchmark if its planned borrowing costs are equal or less than 10% of its planned revenue. The essential services benchmark is not met in 2026-27 2027-28 following eight years where the benchmark has been significantly exceeded. When taken as a whole over the entire 10 year period Council is well ahead of the benchmark. 2018-2028 Long Term Plan Page 21