The document summarizes the financial position and achievements of the Manukau City Council for the 2005-2006 fiscal year. It states that the Council has strong finances with $380 million in total investments and $99 million in debt. It delivered services while embracing changes and had the lowest rates increases of any Auckland council. Key projects and milestones included establishing new organizations, progressing growth strategies, completing new community facilities, and advancing transportation infrastructure projects. The Director of Finance reported the Council ended the year in a favorable financial position.