2018-08-07 Services and Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                              7 AUGUST 2018


10                        NOOSA AQUATIC CENTRE (NAC) FULL YEAR REPORT TO 30 JUNE 2018
DOCUMENT INFORM AT ION




Author                               Noosa Aquatic Centre Coordinator, Stephen James
                                     Community Services
Index                                ECM/ Subject/ 72.02 Noosa Aquatic Centre
Attachments                          Nil.

EXECUTIVE SUMMARY
Not applicable.

RECOMMENDATION
That Council note the report by the Noosa Aquatic Centre Coordinator to the Services &
Organisation Committee meeting dated 7 August 2018, providing an update on the activities of
the Noosa Aquatic Centre for the 2017/18 financial year.

REPORT
The purpose of this report is to advise Council of the Noosa Aquatic Centre’s (NAC) activities for
the financial year ending 30 June 2018.
The NAC comprises a 50m Olympic-sized pool, 25m pool, leisure pool, fitness studio, change
rooms and associated amenities. The NAC also oversees the maintenance of the Sunshine
Beach Skate Park.
The NAC provides a broad range of aquatic and leisure programs including recreational
swimming, learn to swim (LTS) programs, elite squad training, aqua aerobics and water polo, as
well as circuit classes and general gym usage in the fitness studio.
1.                        FINANCIAL PERFORMANCE
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 while at the same time
seeking to minimise operational costs.
NAC interim financial performance as at 30 June 2018
                         Statement of Income and     2017/18      2017/18       2017/18       %         YTD
                                Expenses             Current       YTD           YTD        Current   Variance
                                                     Budget       Budget        Actuals     Budget
         Total Revenue                                1,830,248    1,830,248    1,905,569   104.1%       75,321
         Total Expenditure                            2,767,726    2,767,726    2,758,690    99.7%        9,037
         Operating Result                             (937,478)    (937,478)    (853,121)                84,357

         Expenditure Summary
         Employee Benefits                            1,204,595    1,204,595    1,181,757    98.1%        22,838
         Materials & Services                           709,772      709,772      701,478    98.8%         8,294
         Finance Costs                                        0            0        (268)   100.0%           268
         Other Expenses                                   1,024        1,024        1,024   100.0%            (0)
         Depreciation & Amortization                    204,899      204,899      228,237   111.4%      (23,338)
         Internal Charges                               647,436      647,436      646,462    99.8%           974
         Competitive Neutrality                               0            0            0     0.0%              0
         Total Expenditure                            2,767,726    2,767,726    2,758,690                  9,037
*Please note figures are interim financial results only as final figures were not available at the
time of compiling this report.


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