2016-12-12 General Committee - Attachment 1 to Item 9 - NBRF Annual Report

QUARTERLY REPORT TO COUNCIL – Q1 FY 2017



   Key Performance Indicators

   The Foundation will track and report on the following indicators – it is acknowledged that
   this area of work remains as somewhat of a work in progress.

                                                                               Reference
                             Measure of                        Status
   Activity                                                                     Section
                             Success                           ˜˜˜              Below

   PROGRAMS                  Prosper >5 and <8                   ˜
                             strategic programs                                     4

   FUNDING                   Noosa Council                       ˜
                             Applications plus DGR                                  5
                             Trust Funding
   UNESCO                    2017 Renewal                        ˜                  6
   GOVERNANCE                Compliance with                     ˜                  7
                             required regulations;
                             Maintain transparency
                             of operations.

   Status:

   ˜ Red – needs urgent review
   ˜ Amber – needs monitoring
   ˜ Green – meeting expectations



   4. Programs
   4.1. Current Core Projects

   The Foundation has agreed to support five projects to date, two of which have now been
   funded in full; and three have ongoing funding commitments. The total value of these
   projects exceeds $2m, to which the NBRF has committed approximately $600,000 from the
   funds allocated to it by the Noosa Council.

   The balance of $1.4m has been contributed from private sources, the majority going to the
   exemplary Bring Back the Fish program with significant contributions from the Noosa Parks
   Association, the Thomas Foundation, the Sunshine Coast University and the University of
   Queensland.

   It is important to note that in this first project funding round, for every $1 of community funds
   invested in these projects, a further $3 was contributed from private sources. This
   private/public funding ratio is a standard the foundation would like maintained in the future.
   It’s a challenging ambition and we will be encouraging community associations to explore
   all available private funding opportunities prior to seeking NBRF funding support in the
   future.
                                                  3

QUARTERLY REPORT TO COUNCIL — Q1 FY 2017

    Key Performance Indicators

    The Foundation will track and report on the following indicators — it is acknowledged that
    this area of work remains as somewhat of a work in progress.

          .                             f                                Reference
   Activity                 Meee                          Status           Section
                            Success                        e0@e            Below
    PROGRAMS                Prosper >5 and <8                                4
                            strategic programs
    FUNDING                 Noosa Council
                            Applications plus DGR                            5
                            Trust Funding

    GOVERNANCE              Compliance with                                  7
                            required regulations;
                            Maintain transparency
                            of operations.

    Status:

    @ Red — needs urgent review
    @ Amber — needs monitoring
    @ Green — meeting expectations

    4. Programs
    4.1. Current Core Projects
    The Foundation has agreed to support five projects to date, two of which have now been
    funded in full; and three have ongoing funding commitments. The total value of these
    projects exceeds $2m, to which the NBRF has committed approximately $600,000 from the
    funds allocated to it by the Noosa Council.
    The balance of $1.4m has been contributed from private sources, the majority going to the
    exemplary Bring Back the Fish program with significant contributions from the Noosa Parks
    Association, the Thomas Foundation, the Sunshine Coast University and the University of
    Queensland.
    It is important to note that in this first project funding round, for every $1 of community funds
    invested in these projects, a further $3 was contributed from private sources. This
    private/public funding ratio is a standard the foundation would like maintained in the future.
    It's a challenging ambition and we will be encouraging community associations to explore
    all available private funding opportunities prior to seeking NBRF funding support in the
    future.
                                               3