2020-09-08 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                      8 SEPTEMBER 2020


NAC financial performance as at end of financial year 30 June 2020.


                                      2019-20       2019-20
   Statement of Income and
                                      Current        YTD            2019-20          %             YTD
          Expenses
                                      Budget        Budget            YTD          Current       Variance
                                                                    Actuals        Budget
Total Revenue                          1,586,905     1,586,905      1,154,689         72.8%       (432,216)
Total Expenditure                      2,828,683     2,828,683      2,498,829         88.3%         329,854
Net Result - Surplus/(Deficit)       (1,241,778)   (1,241,778)    (1,344,140)                     (102,362)


Total Revenue                         1,586,905     1,586,905      1,154,689           72.8%      (432,216)
Direct Costs (Controllable)
  Employee Benefits                   1,238,070     1,238,070      1,046,812           84.6%        191,258
  Finance Costs                               0             0         10,645          100.0%        (10,645)
  Materials & Services                  714,081       714,081        562,948           78.8%        151,133
  Other Expenses                          1,087         1,087          1,084           99.7%               3
Subtotal Direct Costs                 1,953,237     1,953,237      1,621,488           83.0%        331,749
(Controllable)
Operating Surplus/Deficit             (366,332)     (366,332)      (466,800)                      (100,468)
Indirect Costs (Corporate)
  Depreciation & Amortization           236,922       236,922        236,922          100.0%               0
  Internal Charges                      638,524       638,524        640,418          100.3%         (1,895)
Subtotal Indirect Costs                 875,446       875,446        877,340          100.2%         (1,895)
(Corporate)
Net Result - Surplus/(Deficit)       (1,241,778)   (1,241,778)    (1,344,140)                     (102,362)

*Please note figures are interim financial results only as final figures were not available at the
time of compiling this report.


                                 Noosa Aquatic Centre
  3,500,000
  3,000,000
  2,500,000
  2,000,000
  1,500,000
  1,000,000
    500,000
          0
  (500,000)          Total Revenue                 Total Expenditure            Net Result - Surplus/(Deficit)
(1,000,000)
(1,500,000)
(2,000,000)


                                             2019-20             2019-20
                                             YTD…                YTD…




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