2021-01-18 GC - Item 1 - Attachment 1 - Noosa Biosphere Reserve Foundation 2019 20 Annual Report

                                              NOOSA BIOSPHERE RESERVE FOUNDATION – 2019/20




                                                        research and projects that assist the preservation
                                                        of the Noosa Biosphere.

                                                        The volunteer Board, and the funds received
                                                        typically have a multiplier effect (the value of
                                                        work performed compared to funding received)
                                                        that adds significant value to the Biosphere. We
                                                        therefore provide the below graph to illustrate
                                                        this value creation.




Operational Expenses

The Operational expenses for the year of $64,320
were proportioned as set out in the graph below:




                                                        For cash & In-kind contributions from third parties
                                                        we have utilised the multiplier that has been
                                                        achieved on each specific project (detailed on the
                                                        project summary in following pages) coupled with
                                                        the allocation of funds for that specific project in
                                                        the financial year.

                                                        For the NBRF Board, we have assumed a
                                                        conservative number with the Chair spending on
                                                        average 2 days a week and the rest of the board
The consulting fees are attributed to contractors       spending 1/2day per week on NBRF related
supporting the Board by undertaking NBRF                activities. Given the experience and seniority of
administration and external communications.             the Board, we have assumed a consulting rate of
                                                        $200/hr for this comparison.
The Events Sponsorship expense was primarily
relating to the Noosa Community Biosphere               What this aims to demonstrate, is that Noosa
Association Inc. annual event ($10k) and Meet the       Council Funding (Operations and Grants) amount
Tide event ($3.4k).                                     to less than 25% of the value creation, through
                                                        the NBRF activities, to the Noosa Biosphere. As
NBRF Value Creation for Noosa Biosphere                 such, it represents significant value for the Noosa
                                                        Council in continuing support that achieves
The NBRF is a volunteer board and receives              tangible outcomes in areas detailed on
funding from Noosa Council (Operations and              subsequent pages of this report.
Project Grants funding) and others to undertake




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