2015-03-03 Infrastructure & Services Committee Agenda

INFRASTRUCTURE & SERVICES COMMITTEE MEETING AGENDA                                3 MARCH 2015


The J

                                   The J Half Year 2014/15
                                                                                 Budget Full
                                  Actual YTD    Budget YTD     Variance (YTD)      Year
Total Revenue                       $225,872        $245,736         -$19,864      $438,572
Total Expenditure                   $308,006        $370,535          $62,529      $755,202
Net Operating Surplus/Deficit        -$82,134      -$124,799          $42,665      -$316,630
Depreciation                        $147,702        $147,702                $0     $295,405
Internal Charges                    $100,133         $99,692             -$441     $199,385
Total Surplus/Deficit               -$329,969      -$372,193          $42,224      -$811,420



                                 The J Half Year 2014/15
  $400,000

  $300,000

  $200,000
                                                                                      Actual YTD
  $100,000
                                                                                      Budget YTD
        $0
                 Total Revenue         Total Expenditure       Net Operating
 ($100,000)                                                    Surplus/Deficit

 ($200,000)


The half year summary performance sees the The J net operating position $42,655 better than
year to date projections.

Revenue is behind budget projections, mainly in the area of venue hire ($21,169), a trend which
has continued from Quarter 1. The venue hire budget was recognised as being challenging
when it was developed, however, December also saw a reduction in revenue as a result of
groups moving from the BCC to The J, and the requirement for Hillsong Church’s major
Christmas booking to be held at the Noosa Leisure Centre.

Expenditure is down in three main areas; maintenance ($29,990), electricity ($10,097) and
water/sewerage charges ($6,328). Contractor commitments prior to Christmas delayed some
maintenance which is now scheduled for early 2015. Electricity and water and sewerage
charges also appear to have been overestimated during the budget development and a BR3
adjustment has been submitted to reflect this and the decrease in revenue.




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