2021-02-09 Services & Organisation Committee Meeting Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                               9 FEBRUARY 2021


Board Changes post 30 June 2020
The annual report by Tourism Noosa covers the period to 30 June 2020. As Council may be
aware, there have been some changes in the Board membership since that time with Drew
Pearson retiring as Chairperson and Richard Stephens becoming the new Board Chairperson.
The current board members are:
   Richard Stephens (Chairperson)
   Louise Formosa (Deputy)
   James Kendall
   Graham Bradford
   Erina Kilmore
   Dan Neylan
   Darren McClenaghan
   Brett Kapernick
   Michael Holmes
   Craig McGovern
   Andrew Brodie
   Cr Amelia Lorentson (Council Observer)
Audited Annual Financial Statements
Tourism Noosa have provided a copy of their annual audited financial statements each year
since 2015. This allows for some consideration of trends over time in terms of financial analysis.
Clearly, the 2020 financial year has been a difficult one for many organisations in the tourism
sector including Tourism Noosa. The following are of interest:
Revenue Growth and Mix
Since 2015 total revenue has grown from $2.3 million to $3.2 million, an increase of $904k or
39%. The revenue growth has resulted from Tourism levy increases of $788k or 45% (resulting
from 2016-2017 funding being redirected to Tourism Noosa previously allocated to other parties -
i.e. Sunshine Coast Destinations Limited, Triathlon sponsorship) and increases in other revenue
sources of $116k or 9%. Note these results include job keeper cash flow support of $186k
received in 2020 as part of government economic stimulus measures.
Total Revenue Growth excluding Interest ($’000)
                                                                          Non Tourism levy
                                                                            revenue reduced
                                                                            significantly by $237k
                                                                            or 33% between
                                                                            2019 and 2020
                                                                            (when excluding job
                                                                            keeper and other
                                                                            government stimulus
                                                                            support) – most likely
                                                                            due to COVID-19
                                                                            impacts




Note: Excludes $186k received in 2020 for jobkeeper / cashflow boost




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