The line graph shows the past and projected finances for a local authority in New Zealand. Summarize the information by selecting and reporting the main features and make comparisons where relevant.

The line graph compares the financial situation of a New Zealand local authority from 2012 to 2020, over a period of 10

years

. It is measured in millions of New Zealand dollars.

Overall

,

it is clear that

while

rates of revenue are predicted to increase, borrowings and grants and studies will remain much lower. In detail, rates revenue and user chargers will follow a very similar pattern, with both increasing over time. In 2012, rates revenue stood at 15, which was the highest of the four. After remaining steady for the next three

years

, it is predicted to climb to a peak of 12 by 2022.

Similarly

, user charges are expected to grow at the same time frame. It began at 1 in 2012 and will finish at twice

this

level in 2020.

On the other hand

, borrowings are expected to show a considerable fluctuation. From less than 1000, it gradually increased for the first two

years

before it will plunge to a low of 6.

However

, it

then

will rise to reach less than 1 in 2020 and will be followed by a fall to 7 for the

last

three

years

, at the same level that it began. Grants and studies were the lowest in 2012.

Although

having an initial rise and briefly exceeding borrowings, it will constantly go down to finish the

last

year at 5.