2014-11-11 Infrastructure & Services Committee Agenda

INFRASTRUCTURE & SERVICES COMMITTEE MEETING AGENDA                          11 NOVEMBER 2014


1   Finance

The objective of all services within the Community Facilities Branch is to balance the demands of
access, equity and community service obligations with sound financial management, and
improving revenue through innovative and entrepreneurial approaches, whilst minimising
operational costs.

The J

The J Q1 2014/15
                                           Actual     Budget     Variance
                                           YTD        YTD        YTD
Total Revenue                              133,565    154,143    -20,578
Total Expenses (incl depn & int chgs)      305,763    324,145    18,382
Total Profit/Loss (incl depn & int chgs)   -172,198   -170,002   -2,196
Depreciation                               73,851     73,851     0
Internal Charges                           51,719     51,278     -441
Total Profit/Loss (excl depn & int chgs)   -46,628    -44,873    -1,755



The first quarter summary performance sees the The J net operating position $1,755 behind YTD
projections.

Revenue is behind budget projections, mainly in the areas of venue hire ($12,730), ticket sales
($1,232) and bar/kiosk sales ($1,020). Approximately $6,400 of the lower venue hire for the
quarter is the result of a reduction in the hours required for the Noosa Long Weekend Festival
compared to previous years.

On the other hand, expenses are also down, mainly in the areas of contract services ($11,894)
and materials and services ($8,330). The lower revenue for venue hire and ticket sales flows
through to some areas of contract services and materials & services, such as lower demand on
cleaning requirements and materials, service and stock related to events.


BCC

The BCC Q1 2014/15
                                           Actual     Budget     Variance
                                           YTD        YTD        YTD
Total Revenue                              14,128     13,500     628
Total Expenses (incl depn & int chgs)      31,124     47,112     15,988
Total Profit/Loss (incl depn & int chgs)   -16,996    -33,612    16,616
Depreciation                               13,019     13,019     0
Internal Charges                           5,003      5,003      0
Total Profit/Loss (excl depn & int chgs)   1,026      -15,590    16,616



Revenue is only slightly behind budget projections for the quarter. Expenses are well behind
expected budget projections for the quarter. This is due to some maintenance work being
postponed.




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