2020-03-10 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                              10 MARCH 2020


The NAC provides a broad range of aquatic and leisure programs including recreational swimming,
learn to swim (LTS) programs, elite squad training, aqua aerobics and water polo, as well as circuit
classes and general gym usage in the fitness studio.

Financial performance


                                          2019-20         2019-20         2019-20          %
 Statement of Income and Expenses         Current          YTD              YTD          Current       YTD
                                          Budget          Budget          Actuals        Budget      Variance

Total Revenue                              1,586,905         704,167         659,023       41.5%        (45,144)
Total Expenditure                          2,828,683        1,404,068      1,296,888       45.8%        107,179
Net Result - Surplus/(Deficit)            (1,241,778)       (699,901)       (637,866)                    62,036


Total Revenue                              1,586,905         704,167         659,023       41.5%        (45,144)
Direct Costs (Controllable)
 Employee Benefits                         1,238,070         606,481         513,966       41.5%         92,515
 Finance Costs                                       0              0             (71)    100.0%                71
 Materials & Services                        714,081         359,320         343,781       48.1%         15,539
 Other Expenses                                   1,087          543              542      49.9%                1
Subtotal Direct Costs (Controllable)       1,953,237         966,345         858,218       43.9%        108,127
Operating Surplus/Deficit                   (366,332)       (262,179)       (199,195)                  (153,270)
Indirect Costs (Corporate)
 Depreciation & Amortization                 236,922         118,461         118,461       50.0%                0
 Internal Charges                            638,524         319,262         320,209       50.1%           (947)
Subtotal Indirect Costs (Corporate)          875,446         437,723         438,670       50.1%           (947)
Net Result - Surplus/(Deficit)            (1,241,778)       (699,901)       (637,866)                    62,036



                                  Noosa Aquatic Centre
 2,000,000

 1,500,000

 1,000,000

   500,000

           0
                        Total Revenue                Total Expenditure        Net Result - Surplus/(Deficit)
  (500,000)

(1,000,000)
                                        2019-20                         2019-20
                                        YTD                             YTD
                                        Budget                          Actuals




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