2016-08-09 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                    9 AUGUST 2016


NCS YTD financial performance as at 30 June 2016*



    Statement of Income and          2015/16        2015/16
           Expenses                  Current         YTD            2015/16         %         YTD
                                     Budget         Budget            YTD         Current   Variance
                                                                    Actuals       Budget
Total Revenue                        2,746,449      2,746,449        2,715,202     98.9%      (31,248)
Total Expenditure                    2,746,449      2,746,449        2,796,119    101.8%      (49,669)
Operating Result                             0              0          (80,917)               (80,917)


Expenditure Summary
Employee Benefits                    1,726,517      1,726,517       1,600,138      92.7%       126,379
Materials & Services                   507,012        507,012         679,903     134.1%     (172,891)
Finance Costs                                                                       0.0%              0
Other Expenses                               0              0             476     100.0%          (476)
Depreciation & Amortization             48,813         48,813          48,813     100.0%              0
Internal Charges                       464,108        464,108         466,789     100.6%        (2,681)
Competitive Neutrality                       0              0               0       0.0%              0
Total Expenditure                    2,746,449      2,746,449       2,796,119                 (49,669)

*Please note the figures above are interim 2015/16 results only as final figures were
unavailable at the time of compiling this report.


                        Noosa Community Support
 3,000,000

 2,000,000

 1,000,000

         0
                    Total Revenue         Total Expenditure           Operating Result
(1,000,000)
                                2015/16                   2015/16
                                YTD                       YTD
                                Budget                    Actuals

NCS operates under funding agreements with both the State and Federal Governments. In
November 2015, NCS received a funding offer of $4.949m from the Federal Government’s CHSP
program. This funding offer allowed NCS to continue to provide its services to the community
until at least 30 June 2018 and was formally accepted by Council at its December 2015 meeting.

The requirements of the various funding agreements dictate that NCS should aim to perform to a
‘zero bottom line’ standard, ie. that all funding received should be fully expended on relevant
programs and services. In past years when NCS has delivered surpluses the additional funds
have been transferred to a reserve account which can be accessed at a later date for NCS
related activities. In 2015/16 the reserve account, which contains adequate funds, will be utilised
to cover the operating deficit of $80,917.




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