2018-08-07 Services and Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                          7 AUGUST 2018


NCS 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                        2,872,356        2,872,356       2,934,664      102.2%             62,308
 Total Expenditure                    2,887,139        2,887,139       2,966,778      102.8%           (79,638)
 Operating Result                       (14,784)         (14,784)        (32,114)                      (17,330)


 Expenditure Summary
 Employee Benefits                    1,771,501        1,771,501       1,739,980       98.2%             31,521
 Materials & Services                   651,710          651,710         725,036      111.3%           (73,326)
 Finance Costs                                0                0               5      100.0%                 (5)
 Other Expenses                             510              510             510      100.0%                 (0)
 Depreciation & Amortization             46,045           46,045          54,305      117.9%            (8,261)
 Internal Charges                       417,374          417,374         446,941      107.1%           (29,568)
 Competitive Neutrality                       0                0               0        0.0%                   0
 Total                                2,887,139        2,887,139       2,966,778                       (79,638)
*Please note figures are interim financial results only as final figures were not available at the
time of compiling this report.


                               Noosa Community Support
3,500,000

3,000,000

2,500,000

2,000,000

1,500,000

1,000,000

 500,000

       0
                     Total Revenue                 Total Expenditure                Operating Result
(500,000)


                                      2017/18                          2017/18
                                      YTD                              YTD
                                      Budget                           Actuals


NCS operates under funding agreements with both the State and Federal Governments. The
requirements of the various funding agreements dictate that NCS should aim to perform to a
‘zero bottom line’ standard, i.e. that all funding received should be fully expended on relevant
programs and services. At this point, the financial results show a net overspend of $17,330. It
should be noted however, that this interim result has been caused by uncontrollable depreciation
and internal charges expenses being collectively $38k over budget. This issue will be further
investigated prior to finalising year-end figures.


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