2021-09-07 Services & Organisation Committee Meeting Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                    7 SEPTEMBER 2021


NAC interim financial performance as at end of financial year 30 June 2021.

 Statement of Income and Expenses          2020-21         2020-21        2020-21         %
                                           Original         YTD             YTD         Current         YTD
                                           Budget          Budget         Actuals       Budget        Variance

 Total Revenue                                929,614      1,559,614      1,826,947       117.1%         267,333
 Total Expenditure                          2,590,457      2,775,757      2,918,645       105.1%       (142,888)
 Net Result - Surplus/(Deficit)           (1,660,843)     (1,216,143)    (1,091,698)                     124,445


 Total Revenue                                929,614      1,559,614      1,826,947       117.1%         267,333
 Direct Costs (Controllable)
   Employee Benefits                        1,112,265      1,222,265      1,325,374       108.4%       (103,108)
   Finance Costs                                      0              0              8     100.0%                (8)
   Materials & Services                       609,444        684,744        731,498       106.8%        (46,755)
   Other Expenses                               1,087          1,087          1,103       101.5%               (17)
 Subtotal Direct Costs (Controllable)       1,722,796      1,908,096      2,057,984       107.9%       (149,888)
 Operating Surplus/Deficit                  (793,181)      (348,481)      (231,036)                      417,221
 Indirect Costs (Corporate)
   Depreciation & Amortization                239,018        239,018        239,018       100.0%                 0
   Internal Charges                           628,644        628,644        621,644         98.9%             7,000
 Subtotal Indirect Costs (Corporate)          867,662        867,662        860,662         99.2%             7,000
 Net Result - Surplus/(Deficit)           (1,660,843)     (1,216,143)    (1,091,698)                     124,445
*Please note figures are interim financial results only as final figures were not available at the time
of compiling this report.


                                  Noosa Aquatic Centre
 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           Net Result - Surplus/(Deficit)
  (500,000)
(1,000,000)
(1,500,000)


                                            2020-21           2020-21
                                            YTD               YTD
                                            Budget            Actuals




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