2019-12-10 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                            10 DECEMBER 2019


Total Expenditure Growth ($’000)
 $4,000

 $3,500                                 $3,323    $3,304
                                                               $3,170
 $3,000                    $2,867
             $2,261
 $2,500

 $2,000

 $1,500

 $1,000

   $500

     $-
             2015          2016         2017      2018         2019
             Actual        Actual       Actual    Actual       Actual



Expenditure Growth Breakdown($’000)
 $3,500

 $3,000

 $2,500

 $2,000

 $1,500

 $1,000

  $500

    $-
             2015          2016         2017      2018         2019
             Actual        Actual       Actual    Actual       Actual
    Employee Costs           Depreciation         Vehicles
    Rent / Utilities         Marketing            VIC / Booking Centre
    Industry Development     Other

Financial Sustainability

Tourism Noosa continues to remain sustainable with annual operating surpluses for the last 5
years, a working capital ratio consistent with the industry benchmark of 1.4 times, and sufficient
cash reserves to mitigate any unexpected shocks (noting though that free cash available of
$211k is less than the required $350k marketing contingency reserve taking into account all
current liabilities. In the event that Tourism Noosa was called upon to expend up to $350k of its
marketing contingency, it could do so in the normal course of business if it received its expected
accounts receivable).




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