2021-09-07 Services & Organisation Committee Meeting Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                     7 SEPTEMBER 2021


BCC interim financial performance as at 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                             148,198        148,198       137,929         93.1%        (10,269)
 Total Expenditure                         134,695        134,695       127,230         94.5%             7,466
 Net Result - Surplus/(Deficit)              13,503        13,503        10,700                       (2,803)
 Total Revenue                             148,198        148,198       137,929         93.1%        (10,269)
 Direct Costs (Controllable)
   Employee Benefits                         12,000        12,000        13,235        110.3%         (1,235)
   Finance Costs                                     0             0             0        0.0%               0
   Materials & Services                      38,060        38,060        29,372         77.2%             8,687
   Other Expenses                               541          541            549        101.5%               (8)
 Subtotal Direct Costs (Controllable)        50,601        50,601        43,157         85.3%             7,444
 Operating Surplus/Deficit                   97,597        97,597        94,773                      (17,712)
 Indirect Costs (Corporate)
   Depreciation & Amortization               73,019        73,019        73,019        100.0%                0
   Internal Charges                          11,075        11,075        11,053         99.8%               22
 Subtotal Indirect Costs (Corporate)         84,095        84,095        84,073        100.0%               22
 Net Result - Surplus/(Deficit)              13,503        13,503        10,700                       (2,803)
*Please note figures are interim financial results only as final figures were not available at the time
of compiling this report.


                           Bicentennial Community Centre
160,000

140,000

120,000

100,000

 80,000

 60,000

 40,000

 20,000

       0
                     Total Revenue            Total Expenditure          Net Result - Surplus/(Deficit)
                                            2020-21          2020-21
                                            YTD              YTD
                                            Budget           Actuals


BCC’s revenue suffered slightly as a result of rent relief provided to Noosa Gymnastics Club during
their enforced Covid-19 shutdown at the start of the year. However, the revenue shortfall was largely
offset by maintenance expenditure savings and as a result the net financial result for the year was
just $3k behind budget.
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