2018-12-11 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                            11 DECEMBER 2018


Board and CEO Changes post 30 June

The report by Tourism Noosa covers the period to 30 June 2018. As Council may be aware, there
have been some changes since that date with former CEO Damien Massingham resigning and the
Board appointing (now) former Chairperson Steve McPharlin as CEO. There have also been
changes in the Board membership with Drew Pearson becoming the new Board Chairperson.

The current board members are:
 Drew Pearson (Chairperson)
 Richard Stephens (Deputy)
 Elizabeth Reynolds
 Erina Kilmore
 Mark Wilkinson
 Darren McClenaghan
 Michelle Mason
 Nick Heath
 Cr Frank Wilkie (Observer)


Audited Annual Financial Statements

Tourism Noosa have provided a copy of their annual audited financial statements each year since
2015. This allows for some consideration of trends over time in terms of financial analysis. The
following are of interest:

Revenue Growth and Mix

Since 2015 revenue has grown from $2.3 million to $3.5 million, an increase of $1.2 million or 50%.
This revenue growth has resulted from increases in the levy of $788k or 45% (resulting from
funding being redirected to Tourism Noosa previously allocated to other parties - i.e. Sunshine
Coast Destinations Limited, Triathlon sponsorship) and increases in other revenue sources of
$398k or 74% (relating to membership fees and marketing increases of $90k and $39k
respectively, and special project revenues of $318k in 2017/18). Booking centre revenues continue
to decline with a $20k drop across financial years.

Total Revenue Growth excluding Interest ($’000)
 $4,000

 $3,500

 $3,000                                             $814           $935

 $2,500                          $638

 $2,000         $537

 $1,500
                                                   $2,511         $2,520
                                $2,272
 $1,000
               $1,732
   $500

    $-
               2015             2016               2017           2018
               Actual           Actual             Actual         Actual

                               Levy      Other Income




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