2021-02-09 Services & Organisation Committee Meeting Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                               9 FEBRUARY 2021


Other Income Growth Breakdown ($’000)
                                                                           Visitor information
                                                                             centre ($43k) and
                                                                             industry development
                                                                             ($26k) are the only
                                                                             income streams to
                                                                             grow in 2020
                                                                           Revenue streams
                                                                             from membership
                                                                             fees, bookings and
                                                                             destination marketing
                                                                             contracted $200k or
                                                                             35% in 2020
                                                                           Tourism Noosa also
                                                                             waived its fees for
                                                                             members in 20/21
                                                                             resulting in “lost”
                                                                             revenue of $106k
Expenditure Growth and Mix
Expenditure has increased faster than revenue growth - from $2.3 million to $3.5 million over 6
years (an increase of $1.2 million or 54%). Whilst total revenues contracted by $65k in 2020
expenditure did not reduce accordingly, and increased by $303k or 10%. It is noted that 80% or
$242k of the expenditure increase related to additional employee costs.

Total Expenditure Growth ($’000)
                                                                      The majority of
                                                                        increase in
                                                                        expenditure from
                                                                        2019 to 2020 relates
                                                                        to employee costs
                                                                        ($242k) and
                                                                        depreciation ($53k)
                                                                      The significant
                                                                        depreciation cost
                                                                        increase appears to
                                                                        relate primarily to the
                                                                        marina office
                                                                        renovation and an
                                                                        extension at the
                                                                        Hastings Street
                                                                        visitor information
                                                                        centre




                                                                                  Page 80 of 100