2021-09-13 GC Agenda - Item 11 - Attachment 1 - Noosa Oyster Project Annual Report 2

Project finances
The financial reporting period is 1 July 2020 till 30 June 2021.

This section details the project finances. Table 7 presents project expenditure across five activity codes:
     1. Reef Building
     2. Hatchery and seedling
     3. Reef integrity and performance assessment
     4. Community engagement, volunteering and media
     5. Project management

By the 30 June 2021, the project spent 48 percent of the total project budget.

Considerable savings have been made in the following areas:
    • Data analysis and restoration suitability mapping – achieved in-house rather than outsourcing.
    • Office space and equipment and sundry costs – project manager is working from home office.
    • Technical assessments – project manager and extensive in-kind contributions from experts.
    • Travel, training and conferences – COVID-19 impact.

Contracts
    • NorthGroup Pty Ltd – Bathymetric and intertidal surveys at oyster restoration sites ($13,200).
    • Ecological Service Professionals Pty Ltd - Seagrass and habitat mapping contract ($42,592).
    • Integrated Coastal Management Pty Ltd – Engineering advice and RPEQ certifications ($37,290), permitting
        support ($10,000).
    • Resources Australia Ltd - Oyster shell transport contract to wholesalers and restaurants (up to approx.
        $30,000 over two and a half years) – ongoing.
    • Casual support – Callum Dittes (technical assistant), Helen Bowyer (community outreach assistant).

The additional $1.2m of funding provided by the Federal Government under the Reef Builder program will be used to
offset the cost of oyster seeding, additional project staff and construction.




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