2021-09-07 Services & Organisation Committee Meeting Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                  7 SEPTEMBER 2021


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

 Total Revenue                               313,698       475,698       555,997        116.9%            80,299
 Direct Costs (Controllable)
   Employee Benefits                         444,212       458,212       472,183        103.0%           (13,971)
   Finance Costs                                      0             0    (11,930)       100.0%            11,930
   Materials & Services                      296,517       296,517       340,259        114.8%           (43,743)
   Other Expenses                               3,207        3,207          3,257       101.5%               (50)
 Subtotal Direct Costs (Controllable)        743,936       757,936       803,770        106.0%           (45,834)
 Operating Surplus/Deficit                  (430,238)     (282,238)     (247,772)                        126,133
 Indirect Costs (Corporate)
   Depreciation & Amortization                 89,044       89,044        89,044        100.0%                 0
   Internal Charges                          236,439       236,439       234,396          99.1%            2,043
 Subtotal Indirect Costs (Corporate)         325,484       325,484       323,440          99.4%            2,043
 Net Result - Surplus/(Deficit)             (755,721)     (607,721)     (571,213)                         36,509
*Please note figures are interim financial results only as final figures were not available at the
time of compiling this report.


                                  Noosa Leisure Centre
1,400,000
1,200,000
1,000,000
  800,000
  600,000
  400,000
  200,000
        0
(200,000)             Total Revenue            Total Expenditure        Net Result - Surplus/(Deficit)
(400,000)
(600,000)
(800,000)


                                          2020-21          2020-21
                                          YTD…             YTD…


End of year performance against budget shows revenue up 17%, while expenditure was over
budget by 4%. Overall, the centre finished $36k ahead of the net budgeted position, a strong result
given the impact and uncertainties of Covid-19.
NLC operated with quite restrictive patron density limits in place throughout the first quarter but
was largely able to operate as per normal thereafter. That said, there were brief periods of low
visitation numbers due to shutdowns or restrictions on people being able to visit if they’d recently
been in hot spots.
All revenue streams performed strongly against budget, particularly group fitness revenue,
however, a comparison to previous years’ performance paints a more meaningful picture. When

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