2015-06-23 Infrastructure & Services Committee Agenda

INFRASTRUCTURE & SERVICES COMMITTEE MEETING AGENDA                                23 JUNE 2015



                    Galleries - as at 31 May 2015
 $800,000

 $600,000

 $400,000

 $200,000
                                                            Actual YTD
       $0
            Total Revenue      Total      Net Operating     Budget YTD
 $200,000                   Expenditure   Surplus/Deficit
 $400,000

 $600,000

 $800,000


With eleven months of the 2014/15 financial year complete, the Galleries’ team budget is
$132,313 below the estimated budget position with revenue 46% ahead of projections and
expenditure 11.4% less than estimated.

The underspend in expenditure is primarily due to:
 Underspend in employee costs due to a key vacancy remaining unfilled;
 Underspend in programming and marketing due to absence of public programs officer; and
 Underspend in materials and services particularly in building and facilities maintenance as we
   have been awaiting condition assessments to determine priority areas for maintenance
   works.

General revenue in Galleries is $14K above estimated targets through increased retail sales in
the gallery shop and increased commission on sale of exhibited artworks.

Galleries had two capital works projects to complete in 2014/15.

Noosa Regional Gallery               Did not proceed due to quotation being well above budget
– disability access improvement

Cooroy Butter Factory                Being undertaken internally – scheduled for coming 4
- condition assessment               weeks




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