2018-02-06 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                    6 FEBRUARY 2018


   Statement of Income and            2017/18        2017/18           2017/18        %            YTD
          Expenses                    Current         YTD               YTD         Current      Variance
                                      Budget         Budget            Actuals      Budget

Other Expenses                            1,024             512               512    50.0%              (0)
Depreciation & Amortization             204,899         102,450           102,509    50.0%             (60)
Internal Charges                        647,436         323,718           323,263    49.9%             455
Competitive Neutrality                        0               0                 0     0.0%                0
Total Expenditure                     2,757,540       1,384,706         1,320,662                   64,044



                              Noosa Aquatic Centre
 1,500,000

 1,000,000

   500,000

          0
                    Total Revenue               Total Expenditure             Operating Result
  (500,000)

(1,000,000)
                                    2017/18                         2017/18
                                    YTD                             YTD
                                    Budget                          Actuals



Building on last year’s growth and capitalising on favourable weather conditions, the centre’s
YTD financial performance is very strong. Revenue is $113,156 ahead of budget, with expenses
coming in under budget by $64,044. This generates a net favourable position to budget of
$177,201.

Revenue is up in all areas and is testament to the team’s hard work to improve the NAC’s
offering as a whole. The average number of participants in the Learn to Swim program is up by
around 2%, with YTD revenue $21,756 ahead of the $317,586 budget. Occupancy levels of all
classes averaged around 87%, significantly higher than the accepted industry target of 80%.

General admission revenue was up on budget by $35,670, predominantly due to the
abovementioned favourable weather conditions which have encouraged lap swimmers to keep
swimming and families to spend the day at the pool.

It has been 12 months since the purchase of the new equipment for the Gym and that investment
is paying off. Membership growth has continued, with Gym revenue up $37,667 on budget. Gym
membership was 145 at this time in 2016; there are now 314 members with Gym access.

The annual Group Fitness (GF) revenue budget was increased by $40,000 to $155,361 during
BR2. The half-yearly result is $75,566 which is close to the revised target. A wide variety of
instructors, experimenting with different classes, and a focus on scheduling has helped achieve
current results. GF attendance numbers for the year have grown by 513 to 7,279. This
represents 7% growth. The programming of new Water Resist and Aqua Stick classes will
continue to ensure members and pass holders can experience fresh offerings.


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