2021-03-09 Services & Organisation Committee Meeting Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                                               9 MARCH 2021


                          Historical financial performance - Noosa Aquatic Centre (NAC)

                                                2017/18 YTD          2018/19 YTD             2019/20 YTD             2020/21 YTD
Revenue                                  actuals as at 31 Dec actuals as at 31 Dec    actuals as at 31 Dec    actuals as at 31 Dec
40023 - Miscellaneous Fees & Charges                (8,273.89)           (9,531.87)                    0.00                    0.00
40029 - Rent Revenue                                (6,500.00)           (6,662.50)              (6,662.50)              (6,829.03)
40034 - Lease Revenue                              (34,049.42)          (27,499.98)             (18,571.68)              (7,496.85)
41153 - Admission Fees                            (279,397.23)         (255,171.37)            (184,512.01)            (202,403.30)
42020 - Other - Sales - Retail                     (90,422.76)          (84,122.51)             (71,274.87)             (95,566.64)
42072 - Learn to Swim Revenue                     (339,342.14)         (362,726.05)            (223,626.33)            (310,845.77)
42073 - Squad Revenue                              (51,204.97)          (53,923.73)             (40,580.63)             (89,307.38)
42074 - Group Fitness Revenue                      (75,565.51)          (66,472.27)             (57,019.88)             (69,470.65)
42075 - Gym Revenue                                (70,056.60)          (71,291.58)             (53,041.14)             (63,188.02)
42076 - Creche Revenue                              (4,801.08)           (4,331.10)              (3,733.91)              (3,564.71)
                                                   (959,614)             (941,733)               (659,023)               (848,672)


Controllable expenses
6EX01 - Employee Benefits                          563,491.57           621,084.13              513,966.39              624,439.02
6EX03 - Materials & Services                       331,005.77           362,926.42              343,781.39              351,159.83
6EX06 - Other Expenses                                 512.10               530.00                  541.90                  551.60
                                                     895,009              984,541                 858,290                 976,150

Net operating result                                 64,604               -42,808                -199,267                -127,478


Uncontrollable expenses
6EX04 - Depreciation & Amortization                102,509.11           102,810.90              118,461.00              119,508.78
6EX12 - Internal Charges                           323,262.78           292,068.60              320,209.25              307,203.46
                                                     425,772              394,880                 438,670                 426,712

Total operating result                             -361,168              -437,687                -637,937                -554,190


3.       Visitation summary


                    NAC half-yearly attendance comparison
 140,000           127,887             125,323
 120,000                                                                        110,376

 100,000                                                     90,011

     80,000

     60,000

     40,000

     20,000

         0
                   2017/18             2018/19              2019/20             2020/21


Visitation at the NAC was up by approximately 20,000 visits compared to the disrupted period of
2019/20. When compared to typical half-year visitation patterns of previous years, the centre’s
attendance was down by approximately 12%, a level consistent with the reduction also seen in
revenue.




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