KCDC LGFA 31August

Isn’t it interesting what a little research will uncover?  The KCDC annual report states that its total borrowings as at 30 June were $210 million.  But the latest Local Government Funding Agency “Presentation to Investors” from last month here (pdf, 52 pages) shows on page 37 a significant jump in that figure only 2 months later to $225 million.

Has the KCDC made this massive increase in borrowing public?  Silly question.  What does the KCDC intend to increase its borrowing to?  A good question.