2021-02-09 Services & Organisation Committee Meeting Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                        9 FEBRUARY 2021


6                        REPORTS FOR NOTING BY THE COMMITTEE

5                        NOOSA HOLIDAY PARKS UPDATE REPORT TO 31 DECEMBER 2020
DOCUMENT INFORM AT ION




Author                           Property Advisor – Commercial Property, Robyn Mercer
                                 Corporate Services Department

Index                            ECM/ 8.16 Camping and Caravan Facilities (General)

Attachments                      Nil.

EXECUTIVE SUMMARY
Not applicable.

RECOMMENDATION
That Council note the report by the Property Advisor – Commercial Property to the Services &
Organisation Committee Meeting dated 9 February 2021 providing an update on operations of
the Noosa Holiday Park Business Activity to 31 December 2020.

REPORT
1. Financial Performance

                                              2020/21      2020/21     2020/21     % Current        YTD
         TOTAL BUSINESS                       Original     Current      YTD         Budget        Variance
         ACTIVITY                             Budget       Budget      Actuals
                                                            YTD
         Total Revenue                         1,661,648     830,824   1,971,604      118.65%       1,140,780
         Total Expenditure                     1,530,920     747,277     978,019       63.88%       (230,743)
         Operating Surplus/(Deficit)            130,728      83,547    993,585                       910,037

Key Comments Total Business Activity
Year to date financial performance for the Noosa Holiday Parks business activity is positive due
to conservative assumptions within the 2020/21 budget in relation to possible Covid-19 extended
closure impacts. Following reopening of the parks in June 2020, the business activity has
benefited from Covid-19 induced border closures and lockdowns that have spurred growth in the
caravanning and camping industry, with this mode of leisure offering a safe and insulated way to
travel and holiday during the Covid-19 pandemic.
Both Boreen Point Campground and Noosa North Shore Beach Campground have particularly
benefited, due to the available upside in occupancy levels and unique nature-based experience
available to consumers.
Further commentary on each site is included below.
Boreen Point Campground
                                               2020/21     2020/21     2020/21     % Current        YTD
                                               Original    Current      YTD         Budget        Variance
Boreen Point Campground
                                               Budget      Budget      Actuals
                                                            YTD
Total Revenue                                   229,556      114,778    382,268       166.52%         267,490
Total Expenditure                               268,573      130,498    279,883       104.21%       (149,384)
Operating Surplus/(Deficit)                    (39,017)     (15,720)   102,385                       118,106



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