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Council Details
- Council Type
- City/District Council
- Short Name
- Invercargill
- CEO
- -
- Established
- -
Contact
- Website
- www.icc.govt.nz
- -
- Phone
- -
- Address
- -
Elected Member Remuneration (2025-2026)
Mayor Salary
$165,687
+7.0% from 2025($10,872)
Average Councillor Salary
$61,593
+24.3% from 2025($12,037)
Source: NZ Taxpayers' Union (via Remuneration Authority data). Average councillors' salaries calculated by dividing each council's governance remuneration pool by the number of councillors.
Financial Health Score (2024)
Overall Score
72.1/100
Tier 2 - Good
National Ranking
#6
of all councils
Peer Group Ranking
#1
of 2 in Provincial
Solvency
70
30%
Operational
87.5
25%
Liquidity
67.1
15%
Assets
40
15%
Sustainability
87.5
15%
Net Debt to Revenue
170%
Interest Coverage
-x
Operating Margin
0.0%
Debt to Assets
11.1%
Financial Position (Stats NZ Data)
Total Assets
$1.4B
Total Debt
$152M
Rates Revenue
$71M
Current Ratio
0.61x
Source: Stats NZ Local Authority Financial Statistics. Scoring methodology based on DIA financial prudence benchmarks.View all council rankings →
Historical Financial Data
32 years available
Operating Income
$121.9M
+8.9% YoY
Operating Expenditure
$143.7M
+9.3% YoY
Operating Result
$-21.8M
Deficit
Total Result
$63.6M
Income
Rates$70.7M
Regulatory Income & Petrol Tax$6.3M
Grants, Subsidies & Donations$7.2M
Interest Income$4.3M
Dividend Income$5.5M
Sales & Other Income$28.0M
Total Operating Income$121.9M
Expenditure
Employee Costs$34.5M
Depreciation & Amortisation$42.4M
Grants, Subsidies & Donations$6.4M
Interest Expenditure$5.1M
Purchases & Other$55.3M
Total Operating Expenditure$143.7M
Source: Stats NZ Local Authority Financial Statistics. All values in NZD.
Current Elected Members
Leadership
Grant Dermody
Deputy Mayor