IBIS is excited about the new modules we added to our Rates Modelling offering. Having worked with selected Councils for 18 months, a significant part of the new functionality was specifically designed for New Zealand (NZ) councils.
Councils in New Zealand have a requirement to determine the impact of funding policies and rate mechanisms on the rate payer. As Council Activity budgets rarely have a 1 to 1 relationship to rate line, in order to calculate the rate differentials, often requires a series of upfront calculations. The requirement to fund these policies over an extended period of time and the desire to remove spikes in rate impact to ratepayer creates significant challenges to council. Ibis has recently added functionality to help council manage this process, this complex piece of development was completed by working closely with our partnering clients. We are pleased to say it has been successful and effective.