November 17, 2016
Auditors give Waipareira the tick
A good result for Te Whanau o Waipareira Trust, with the west Auckland social service provider reporting an operating surplus of $1.4 million.
It’s debt free, its equity stands at $28.5 million and over the past decade it has increased total group assets 89 percent to $34.6 million.
At its annual meeting at Hoani Waititi Marae, all three candidates up for rotation were reelected.
Chair Ray Hall says that shows the confidence the community has in the organisation.
It also got a big tick from auditors KPMG.
"They’re very pleased with the financial management that Christine Wu and her financial team are providing to Waipareira. That is a reflection of good governance and also astute management from obviously (chief executive) John Tamihere and also Christie Wu. They are two outstanding leaders in their own right," Mr Hall says
He says a lot of focus in the next year will be on the Whanau Tahi subsidiary, which develops the software to manage programmes like whanau ora and is now one of New Zealand’s fastest growing companies.
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