2020-09-08 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                 8 SEPTEMBER 2020




     Statement of Income and           2019-20        2019-20
            Expenses                   Current         YTD          2019-20        %         YTD
                                       Budget         Budget          YTD        Current   Variance
                                                                    Actuals      Budget
 Direct Costs (Controllable)
   Employee Benefits                       12,012        12,012        12,813    106.7%         (801)
   Finance Costs                                                                   0.0%             0
   Materials & Services                    38,674        38,674        37,868     97.9%           806
   Other Expenses                             541           541           540     99.7%             1
 Subtotal Direct Costs                     51,227        51,227        51,221    100.0%             6
 (Controllable)
 Operating Surplus/Deficit               101,221        101,221        80,193                (21,029)
 Indirect Costs (Corporate)
   Depreciation & Amortization             84,532        84,532        84,532    100.0%             0
   Internal Charges                        10,955        10,955        11,425    104.3%         (470)
 Subtotal Indirect Costs                   95,487        95,487        95,957    100.5%         (470)
 (Corporate)
 Net Result - Surplus/(Deficit)             5,734         5,734       (15,764)               (21,498)

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




BCC’s revenue suffered as a result of rent relief provided to Noosa Gymnastics Club during their
enforced COVID-19 shutdown and finished the year $21k behind budget. Montessori Noosa was
able to continue to operate during this period and didn’t experience a significant revenue
reduction and thus their rental payments continued unaffected.

There was very little scope to reduce expenditure during COVID at BCC given the fixed nature of
almost all expenditure and as such this finished the year in line with budget expectations.

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