2019-08-06 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                6 AUGUST 2019


Table 2: Monthly Revenue by Type




Commentary:
   Lease revenue is consistent across the year, representing approximately 30% of total
     revenue.
   Co-work membership revenues have grown strongly from a seasonal low in December and
     January to average $10k per month by June 2019.
   The Digital Hub Director successfully applied for a $75k incubator support grant from the
     Queensland Government, spread over a 3 year period. $18k is reflected in the May
     revenue figures and this will be expended in the next financial year.
   Technology One provided sponsorship of $10k (not budgeted) towards support for the
     Hub’s ecosystem development initiatives, which have centred on supporting digital industry
     subgroups to organise and grow.

Expenditure Analysis

The total actual direct costs of $234,466 incurred in operating the Digital Hub comprises the
following approximate major cost categories (excluding salaries):

   Telco / Broadband Charges $21,000
   Electricity (including solar offset) $11,000
   Internal cleaning $10,500
   Internal Wifi equipment $6,700
   Support Services (Fire, electrical, etc.) $6,300
   Catering for approximately 40 events and programs $5,500
   Tech equipment to support programs, live streaming and recording $5,200
   Digital Programmes/Creative in Resident providers $5,000
   Legal support $3,000
   Building security $2,500
   Minor equipment – kitchen equipment $2,300
   IT/Tech support $1,750
   Software licences $1,700

2.   TENANCIES

The Hub has two enclosed private office spaces leased to anchor tenants on multi-year basis.
Those tenants are Atmail, a provider of cloud-based email solutions to telco’s and enterprises,
and Commtract, provider of an online marketplace for freelance PR and Project Management
talent.

Atmail recently celebrated their 20-year anniversary with staff flying in from around the world to
work at the Hub and use the Co-Lab for the company’s strategy and sales conference.




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