The line graph ____ the financial position of a New Zealand local authority ____ 2012 ____ 2022. It ____ ____ millions of New Zealand dollars. ____ it can be seen that ____ rates revenue and user charges ____ ____ ____ ____ ____ the period, borrowings and grants and subsidies ____ much lower. Rates revenues and user charges ____ ____ ____ very ____ ____ ____ ____ ____. Rates revenue ____ ____ just under 1.5 billion in 2012, which was ____ ____ of the four ____. Though they ____ ____ until 2013, they ____ ____ ____ ____ approximately 2.4 billion dollars ____ 2022. ____ rates revenues, use charges ____ to continuously increase. They began the period ____ 1 billion and ____ at ____ this level ____ 2022. Borrowings, on the other hand, are expected to ____ ____ ____. Although ____ ____ ____, they ____ ____ ____ 600 million in 2016, before ____ ____ just under 1.5 billion in 2020. Borrowings ____ ____ ____ ____ ____ ____ ____ ____ that they began. Grant and subsidies ____ the ____ ____ ____, ____ under 500 million ____ 2012. Despite ____ ____ borrowing ____ in 2016, this ____ level ____ ____ ____ 2022.

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