Funding Impact Statement Targeted General Type Rates Geographic Rating Areas and Charges $43,231,941 GST excl ($49,716,733 GST incl) Although general-type rates and charges have increased overall by $1,768,744 GST excl (4.27%), there are varying percentage movements (both up and down) in the different rates and charges. These variations are the result of expenditure movements not uniformly impacting on geographic areas. Geographic Area General Works and Services Rates $26,200,252 GST excl ($30,130,291 GST incl) General Works and Services Rates are set differentially for six geographic areas, depending on where the land is situated. Within each geographic area, the rating units are further differentiated into categories of rateable land in accordance with the use to which the land is put in one or more of the following categories of rateable land: • Residential or rural. • Commercial or industrial. • Homestay or farmstay. For these rates Utilities will be treated as falling within the commercial or industrial differential category. These rates (which are levied on a land value basis) fund the Geographic Area’s share of the Net Cost of Operations, Capital Expenditure and Debt Servicing Cost charges, after making provision for other targeted rates and charges, general revenue and utilisation of various reserves. Overall, these rates will increase by $364,047 GST excl (1.41%); however there are varying impacts on the geographic areas and their differential rates. Forecast Number of Total Rateable Properties Forecast growth in the number of rateable properties has been based on the projection of 150 units per annum in the Development Contributions Policy. 2018-2028 Long Term Plan Page 270