2018-02-06 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                           6 FEBRUARY 2018


8                        NOOSA HOLIDAY PARKS UPDATE REPORT TO 31 DECEMBER 2017
DOCUMENT INFORM AT ION




Author                           Property Manager, Clint Irwin
                                 Corporate Services Department

Index                            ECM/ Subject: 8.16 Camping and Caravan Facilities (General)

Attachments                      Nil



EXECUTIVE SUMMARY
Nil.

RECOMMENDATION
That Council note the report by the Property Manager to the Services & Organisation Committee
Meeting dated 6 February 2018 providing an update on operations of the Noosa Holiday Parks
for the period 1 July to 31 December 2017.


REPORT
Council operates one holiday park and two campgrounds offering a wide variety of unique
experiences for visitors. These Council business activities operate under management
agreements with varying terms to suite the scale of the operation, and are administered by
Council’s Property branch. This report provides an update on the business activities for the
period 1 July 2017 to 31 December 2017.

FINANCIAL PERFORMANCE

TOTAL BUSINESS ACTIVITY                          2017/18         2017/18    2017/18         YTD        % YTD
                                                 Current            YTD        YTD     Variance      Variance
                                                 Budget          Budget     Actuals
Total Revenue                                  3,140,897    1,676,922      1,727,263     50,340         3.0%
Total Expenditure                              2,221,217    1,169,881      1,167,409      2,472         0.2%
Operating Surplus                                919,680         507,041    559,853      52,812

Key Comments Total Business Activity

YTD financial performance for the Holiday Parks is positive, with revenue above budget due to
strong patronage (resulting from a good weather run) and expenses slightly below budget.
Expenses are expected to match budget at the end of the financial year while revenue will be
closely managed to determine any impacts from the small amenities replacement at the Noosa
River Holiday Park and preliminary redevelopment works at the Noosa North Shore
Campground. Any impact on overall profitability due to site works will be assessed and reported.

Boreen Point Campground                          2017/18    2017/18        2017/18       YTD $         % YTD
                                                 Current       YTD            YTD      Variance      Variance
                                                 Budget     Budget         Actuals
Total Revenue                                    481,812    260,761        272,313       11,552         4.4%
Total Expenditure                                358,672    163,745        151,144       12,601         7.7%
Operating Surplus                                123,140         97,016    121,169       24,153


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