2016-08-09 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                            9 AUGUST 2016


The strong revenue result was particularly pleasing given there was no income from the sale of
Noosa Food & Wine Festival tickets (following a change of event manager), despite being
budgeted for at $15,000. Furthermore, a reduction in venue hire revenue from Hillsong Church of
approximately $8,600, after they shifted some events to an alternative facility, also reduced
revenue.
Despite the above, most revenue streams finished ahead of budget, with bar and kiosk sales,
venue hire, and ticket sales all experiencing positive budget variances of close to $20,000 each.
Almost the entire expenditure overrun of $60,669 was associated with the direct costs of
delivering events and was to a large degree offset by the increased revenue. In hindsight the
labour budget was just too lean and subsequently finished $38,552 over budget, despite
management’s best efforts to run the facility as efficiently as possible.
Other expenditure overruns included $11,175 of contractor services (AV techs) and $6,794 of bar
costs of goods sold.
BCC 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                             108,724           108,724          102,844       94.6%       (5,880)
Total Expenditure                         142,592           142,592          117,944       82.7%       24,647
Operating Result                          (33,868)          (33,868)         (15,101)                  18,767


Expenditure Summary
Employee Benefits                          10,800            10,800            11,401     105.6%        (601)
Materials & Services                       67,786            67,786            42,467      62.6%       25,318
Finance Costs                                   0                 0                 0       0.0%             0
Other Expenses                                476               476               476     100.0%             0
Depreciation & Amortization                49,835            49,835            49,835     100.0%             0
Internal Charges                           13,695            13,695            13,765     100.5%          (70)
Competitive Neutrality                          0                 0                 0       0.0%             0
Total Expenditure                         142,592           142,592           117,944                  24,647
*Please note the figures above are interim 2015/16 results only as final figures were
unavailable at the time of compiling this report.


                Bicentennial Community Centre
200,000

150,000

100,000

 50,000

      0
              Total Revenue             Total Expenditure              Operating Result
(50,000)

                              2015/16                   2015/16
                              YTD                       YTD
                              Budget                    Actuals

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