2019-02-12 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                               12 FEBRUARY 2019


8    NOOSA HOLIDAY PARKS UPDATE REPORT TO 31 DECEMBER 2018

Author           Property Manager, Clint Irwin
                 Corporate Services Department

Index            ECM/ 8.16 Camping and Caravan Facilities (General)

Attachments      Nil


EXECUTIVE SUMMARY
Not Applicable

RECOMMENDATION
That Council note the report by the Property Manager to the Services & Organisation Committee
Meeting dated 12 February 2019 providing an update on operations of the Noosa Holiday Parks
for the period 1 July 2018 to 31 December 2018.


REPORT
Council operates one Holiday Park and two campgrounds offering a wide variety of unique
experiences for visitors. These Council business activities operate under management
agreements with varying terms to suit the scale of the operation, and are administered by
Council’s Property branch. This report provides an update on the business activities for the
period 1 July 2018 to 31 December 2018.

FINANCIAL PERFORMANCE

TOTAL BUSINESS ACTIVITY        2018/19        2018/19        2018/19        %
                               Current        YTD            YTD            Current    YTD
                               Budget         Budget         Actuals        Budget     Variance
Total Revenue                     2,948,896     1,495,054      1,648,682      55.9%       153,627
Total Expenditure                 2,173,306     1,123,566      1,129,374      51.9%        (5,808)
Operating Surplus                   775,590       371,488        519,308                  147,819

Key Comments Total Business Activity

YTD financial performance for the Holiday Parks is positive, with revenue above budget due to
strong patronage (resulting from a good weather run) and conservative revenue forecasting due
to the uncertainty regarding the timing of the Noosa North Shore Campground redevelopment.
Expenses are slightly in excess of budget but are expected to be in line with budget forecasts at
the end of the financial year. Any impact on overall profitability due to redevelopment of the
Noosa North Shore Campground will be assessed and reported.

Boreen Point Campground         2018/19       2018/19       2018/19        %
                                Current       YTD           YTD            Current     YTD
                                Budget        Budget        Actuals        Budget      Variance
Total Revenue                      491,119       264,961       254,233         51.8%      (10,728)
Total Expenditure                  403,895       199,206       173,643         43.0%        25,563
Operating Surplus                   87,224        65,755        80,591                     14,835




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