2018-02-06 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                  6 FEBRUARY 2018


NCS financial performance for the period ending 31 December 2017

    Statement of Income and              2017/18        2017/18         2017/18        %            YTD
           Expenses                      Current           YTD             YTD    Current       Variance
                                         Budget         Budget          Actuals   Budget
 Total Revenue                         2,823,977      1,898,815       1,929,907    68.3%          31,091
 Total Expenditure                     2,823,811      1,402,906       1,349,302    47.8%          53,603
 Operating Result                            165        495,910         580,605                   84,695


 Expenditure Summary
 Employee Benefits                     1,756,552        869,817         828,468    47.2%          41,349
 Materials & Services                    603,332        301,124         297,555    49.3%           3,570
 Finance Costs                                 0              0               5   100.0%              (5)
 Other Expenses                              510            255             255    50.0%              (0)
 Depreciation & Amortization              46,045         23,022          23,022    50.0%                0
 Internal Charges                        417,374        208,687         199,997    47.9%           8,690
 Competitive Neutrality                        0              0               0     0.0%                0
 Total                                 2,823,811      1,402,906       1,349,302                   53,603




                              Noosa Community Support
2,500,000


2,000,000


1,500,000


1,000,000


  500,000


        0
                     Total Revenue             Total Expenditure             Operating Result
                                     2016/17                       2016/17
                                     YTD                           YTD
                                     Budget                        Actuals


NCS operates under funding agreements with both the State and Federal Governments. The
requirements of the various funding agreements dictate that NCS should aim to perform to a
‘zero bottom line’ standard, i.e. that all funding received should be fully expended on relevant
programs and services. YTD revenue is slightly ahead of budget due to funding grants indexing
at a higher than expected rate. Combined with an underspend on employee costs, NCS is almost
$85k ahead of its net YTD budget.




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