2020-09-08 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                 8 SEPTEMBER 2020


 Total Revenue                         574,717       574,717         463,459       80.6%      (111,258)
 Direct Costs (Controllable)
   Employee Benefits                   466,730       466,730         413,505       88.6%         53,224
   Finance Costs                             0             0           (187)      100.0%            187
   Materials & Services                341,210       341,210         293,039       85.9%         48,171
   Other Expenses                        3,207         3,207           2,985       93.1%            223
 Subtotal Direct Costs                 811,148       811,148         709,343       87.4%        101,805
 (Controllable)
 Operating Surplus/Deficit           (236,431)      (236,431)      (245,884)                     (9,453)
 Indirect Costs (Corporate)
   Depreciation & Amortization          88,938        88,938          88,938      100.0%               0
   Internal Charges                    223,824       223,824         224,039      100.1%           (215)
 Subtotal Indirect Costs               312,762       312,762         312,977      100.1%           (215)
 (Corporate)
 Net Result - Surplus/(Deficit)      (549,192)      (549,192)      (558,861)                     (9,669)
*Please note figures are interim financial results only as final figures were not available at the
time of compiling this report.


                                   Noosa Leisure Centre
1,400,000
1,200,000
1,000,000
  800,000
  600,000
  400,000
  200,000
        0
(200,000)          Total Revenue                 Total Expenditure        Net Result - Surplus/(Deficit)
(400,000)
(600,000)
(800,000)


                                           2019-20              2019-20
                                           YTD                  YTD
                                           Budget…              Actuals




End of year performance against budget shows revenue down 19%, while expenditure was under
budget by 9%. Overall, the centre finished $9k behind the net budgeted position, a strong result
given the impact of the near 3-month COVID-19 shutdown.

NLC closed on 23 March and reopened in a very limited capacity on 15 June. During this time the
centre was unable to generate any revenue. As a result, revenue for the year missed budget
expectations by $111,258.

Up until the closure, revenue for the first 9 months of the year had performed well, exceeding
YTD budget by $29k and up 5.7% on 2018/19’s previous record high. Revenue growth to this
point was predominantly due to the strong performance of the group fitness program, with

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