2018-02-06 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                              6 FEBRUARY 2018


Key Comments Boreen Point Campground

    Year to date revenue for 2017/18 has exceeded budget primarily due to favourable weather
      conditions resulting in strong visitation. Year to date expenses for the 2017/18 financial
      year are under budget due to the timing of routine maintenance works.

Noosa River Holiday Park       2017/18         2017/18       2017/18       YTD $          % YTD
                               Current            YTD           YTD      Variance       Variance
                               Budget          Budget        Actuals
Total Revenue                2,051,295        1,092,015     1,117,483      25,468           2.3%
Total Expenditure            1,446,248          774,541       784,583    (10,042)         (1.3%)
Operating Surplus              605,047         317,474       332,900       15,426

Key Comments Noosa River Holiday Park

    Similar to Boreen Point, year to date revenue has exceeded budget due to strong visitation
      due to favourable weather conditions.
    Year to date operating expenses have slightly exceeded budget due to the timing of
      maintenance works to roadways and pathways.
    The small amenities replacement is timed to commence in late February 2018. The impact
      of any short-term site disruption on profitability will be closely managed.

North Shore Campground              2017/18       2017/18      2017/18     YTD $            YTD
                                    Current          YTD          YTD    Variance       Variance
                                    Budget        Budget       Actuals
Total Revenue                       607,790       324,146      337,467     13,321          4.1%
Total Expenditure                   416,296       231,595      231,683        (88)        (0.0%)
Operating Surplus                   191,494        92,551      105,784     13,233         13,233

Key Comments Noosa North Shore Beach Campground

    Similar to Boreen Point and Noosa River year to date revenue is above budget.
      Conservative revenue forecasting due to the uncertainty regarding the timing of the
      campground redevelopment is contributing to the positive result year to date.
    Year to date operating expenses are in line with budget.

PARK OCCUPANCY PERFORMANCE

The table below summarises occupancy data to 31 December 2017. The table highlights a
93.18% occupancy rate for Noosa River Holiday Park (with powered caravan sites at 99%
occupancy) which reflects the location of the park and its popularity with customers. The Noosa
North Shore and Boreen Point Campgrounds’ lower occupancy rates reflect that these facilities
are more remote and offer a different experience for customers.

Location               Occupants      Average Stay            % Site
                                            (Days)          Occupied
Boreen Point                9,352               2.35           41.63
North Shore                 7,744               3.06           46.81
Noosa River                10,924               4.63           93.18




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