2022-11-08 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING REPORT                                8 NOVEMBER 2022


All revenue streams performed strongly against budget, particularly learn to swim revenue which
was up over $50K with total revenue coming in higher than the pre-pandemic results in 2018/19
by approximately $114K.
Café lease revenue improved by $14K & will now recover to achieve budget with facility closures
unexpected. Admission fees were on the increase with a $51K improvement on the year, with a
small drop in squad revenue based off St Andrews appointing a new head coach which has
attracted & further depleted the NAC’s program. With our inability to match the salaries offered by
private schools (circa’ $100k) our focus will remain on being a community pool for all.
Revenue for both the group fitness and gym were above pre -pandemic levels by $15K and $10K
respectively, which was an excellent result highlighting a strong demand and interest for these
services by the community and members as things return to normal.
Controllable expenses were below budget by $79K mainly due to:
•       Employee costs below budget by $55K due to the majority of staff being casual & not being
        paid for the 14 days of closure during this financial year (2 x COVID closures & a 7-day
        closure for the installation of a new switchboard).
•       Materials and services costs below budget by $23K
The snapshot of historical performance below shows that the net operating result for NAC has
remained relatively consistent over recent years but have recovered to pre-covid levels. This is
particularly pleasing given the impacts of Covid-19 over the past two years, the opening of St
Andrews pool & major renovations.
NAC historical financial performance – 2018/19 to 2021/22

                                                2018/19       2019/20       2020/21       2021/22
    Revenue
                                                 Actual        Actual        Actual        Actual
    40023 - Miscellaneous Fees & Charges       (11,194)             0             0             0
    40029 - Rent Revenue                       (13,325)      (13,438)      (13,658)      (13,658)
    40034 - Lease Revenue                      (53,778)      (30,179)      (25,497)      (39,673)
    41153 - Admission Fees                    (482,124)     (314,052)     (399,683)     (450,859)
    42000 - Other - Commission Received
    42020 - Other - Sales - Retail            (166,958)     (117,582)     (201,072)     (207,118)
    42051 - Other - Misc Revenue
    42072 - Learn to Swim Revenue             (654,846)     (397,857)     (654,694)     (706,217)
    42073 - Squad Revenue                     (126,583)      (72,593)     (184,156)     (175,071)
    42074 - Group Fitness Revenue             (154,228)     (104,871)     (160,451)     (169,553)
    42075 - Gym Revenue                       (155,362)      (98,643)     (150,258)     (165,556)
    42076 - Creche Revenue                      (7,603)       (5,474)       (6,968)      (12,096)
    42042 - Other - Miscellaneous Revenue
    49001 - Internal - Plant Charges
                                             (1,826,002)   (1,154,689)   (1,796,436)   (1,939,799)

    Controllable Expenses
    6EX01 - Employee Benefits                 1,214,416     1,046,812     1,346,056     1,386,854
    6EX02 - Finance Costs                         (118)        10,645             9           (84)
    6EX03 - Materials & Services                738,792       562,948       758,543       772,838
    6EX06 - Other Expenses                        1,060         1,084         1,103         1,122
                                              1,954,151     1,621,488     2,105,711     2,160,729

    Net Operating Result                        128,149       466,800       309,276       220,930



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