2019-08-06 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                                     6 AUGUST 2019


11                       NOOSA HOLIDAY PARKS UPDATE TO 30 JUNE 2019
DOCUMENT INFORM AT ION




Author                           Property Manager, Clint Irwin
                                 Corporate Services Department

Index                            ECM/ Subject: 8.16 Camping and Caravan Facilities (General)

Attachments                      Nil



EXECUTIVE SUMMARY
Not Applicable

RECOMMENDATION
That Council note the report by the Property Manager to the Services & Organisation Committee
Meeting dated 6 August 2019 providing an update on operations of the Noosa Holiday Parks
Business Activity to 30 June 2019.


REPORT
Council operates one holiday park and two campgrounds offering a wide variety of unique
experiences for visitors. These Council nominated business activities operate under
management agreements with varying terms to suite the scale of the operation, and are
administered by Council’s Property branch. This report provides an update on the business
activities for the period 1 January 2019 to 30 June 2019.

FINANCIAL PERFORMANCE

       TOTAL BUSINESS ACTIVITY                2018/19        2018/19          2018/19      %           YTD
                                              Original       Current          YTD          Current     Variance
                                              Budget         Budget           Actuals      Budget

       Total Revenue                           2,948,896       3,118,159       3,129,971     100.4%          11,812
       Total Expenditure                       2,088,826       2,203,306       2,251,369     102.2%        (48,063)
       Operating Surplus                         860,070           914,853       878,602                   (36,251)

Key Comments Total Business Activity

Financial performance for the total business activity is positive, noting both revenue and expense
forecasting was uncertain due to the impact of the timing of the Noosa North Shore Campground
redevelopment. Revenue was above budget due to conservative revenue forecasting, while
expenses exceeded budget, primarily due to the delay of the redevelopment noted above in
addition to unplanned maintenance works. Further commentary on each site is included below.

       Boreen Point Campground                2018/19              2018/19     2018/19     %            YTD
                                              Original             Current     YTD         Current      Variance
                                              Budget               Budget      Actuals     Budget
       Total Revenue                                     491,119    491,119      467,821       95.3%       (23,298)
       Total Expenditure                                 319,415    403,895      405,277      100.3%        (1,382)
       Operating Surplus                                 171,704     87,224       62,544                   (24,680)




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