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2018-08-07 Services and Organisation Committee Agenda
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SERVICES & ORGANISATION COMMITTEE MEETING AGENDA 7 AUGUST 2018
A large portion of the expenditure overrun was again associated with the direct costs of delivering
events and was offset by increased revenue. The main overruns included $34,604 for employee
benefits and a series of smaller overruns for categories such as COGS, cleaning, contract
services (AV techs) and ticketing commission paid. In addition, maintenance for both the
buildings and plant and equipment finished a combined $33k over budget due to a number of
unanticipated issues.
The comparison of the past 4 years’ financial performance below reveals a trend of strong
revenue growth and shows controllable expenses growing at a much slower rate. It also reveals
internal charges have increased by 50% in the past year, due to changes in cost allocation
methodology.
The J historical financial performance – 2014/15 to 2017/18
2014/15 2015/16 2016/17 2017/18
Revenue actuals actuals actuals actuals
40025 - Misc Fees - Venue Catering (395) (1,584) (2,240) (127)
40032 - Other - Sales - Equipment Hire (39,265) (42,446) (42,323) (55,644)
40034 - Lease Revenue (77,967) (77,640) (81,372) (88,825)
41103 - Other - Sales - Bar & Kiosk Sales (53,824) (84,702) (120,015) (141,696)
41154 - Venue Hire (134,382) (151,659) (164,521) (187,961)
42000 - Other - Commission Received (51,684) (32,174) (46,122) (60,278)
42017 - Other - Sales - Tickets (23,673) (51,350) (27,749) (26,684)
42019 - Other - Sales - Food 0 180 0 0
42032 - Other - Sundry Recoupment (10,119) (3,440) (4,822) (12,359)
42043 - Other - Misc - Photocopying and Printing (6,108) (1,859) (4,050) (3,781)
42044 - Other - Misc - Employee Cost Recoveries (60,853) (70,777) (73,944) (123,677)
42046 - Other - Misc - Telephone Transaction Fee (1,679) (923) (1,413) (1,364)
42050 - Marketing Recoupment/Recovery 0 0 (2,603) (5,666)
42051 - Other - Misc Revenue - register over/under amounts 0 0 (262) 0
49001 - Internal - Plant Charges 0 (22) (1) (69)
49029 - Internal Recoveries - Venue Hire (180) (265) (1,485) 0
49031 - Internal Recoveries - Equipment Hire (48) (16) (120) 0
(460,176) (518,678) (573,041) (708,131)
Controllable expenses
6EX01 - Employee Benefits 386,439 401,987 435,061 462,775
6EX02 - Finance Costs 122 1,314 0 (214)
6EX03 - Materials & Services 344,311 383,282 400,108 446,584
6EX06 - Other Expenses 1,628 1,354 74 1,024
732,501 787,938 835,243 910,169
Net operating result -272,325 -269,260 -262,202 -202,037
Uncontrollable expenses
6EX04 - Depreciation & Amortization 268,602 235,832 241,050 257,369
6EX12 - Internal Charges 200,067 199,895 199,305 299,393
468,669 435,727 440,356 556,762
Total operating result -740,994 -704,987 -702,557 -758,799
Page 76 of 165
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