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2021-03-09 Services & Organisation Committee Meeting Agenda
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SERVICES & ORGANISATION COMMITTEE MEETING AGENDA 9 MARCH 2021
NLC financial performance as at 31 December 2020
Statement of Income and 2020-21 2020-21 2020-21 % Current YTD
Expenses Current YTD YTD Budget Variance
Budget Budget Actuals
Total Revenue 313,698 67,543 248,916 79.3% 181,373
Total Expenditure 1,069,419 552,213 559,885 52.4% (7,672)
Net Result - Surplus/(Deficit) (755,721) (484,670) (310,969) 173,701
Total Revenue 313,698 67,543 248,916 79.3% 181,373
Direct Costs (Controllable)
Employee Benefits 444,212 242,637 245,415 55.2% (2,778)
Finance Costs 0 0 (678) 100.0% 678
Materials & Services 296,517 145,231 151,847 51.2% (6,616)
Other Expenses 3,207 1,604 1,629 50.8% (25)
Subtotal Direct Costs 743,936 389,471 398,212 53.5% (8,741)
(Controllable)
Operating Surplus/Deficit (430,238) (321,928) (149,296) 190,114
Indirect Costs (Corporate)
Depreciation & Amortization 89,044 44,522 44,522 50.0% 0
Internal Charges 236,439 118,220 117,151 49.5% 1,068
Subtotal Indirect Costs 325,484 162,742 161,673 49.7% 1,068
(Corporate)
Net Result - Surplus/(Deficit) (755,721) (484,670) (310,969) 173,701
Noosa Leisure Centre
800,000
600,000
400,000
200,000
0
Total Revenue Total Expenditure Net Result - Surplus/(Deficit)
-200,000
-400,000
-600,000
2020-21 2020-21
YTD YTD
Budget Actuals
Half-yearly performance shows a strong favourable result against budget in revenue and a small
unfavourable result in expenditure. As a whole, the centre bettered budget by $173,701 for the
period.
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