2017-04-18 GC Agenda Att 3 to Item 5 Business Plan Cooroy Memorial Hall

   turnover which will ensure viability into the future. Some additional considerations for profit
   budgeting would include audio visual equipment, replacement of tables and chairs, and
   upgrades to the stage area to enhance the acoustics etc. Profit from year one will enable
   provision for such upgrades meaning less fundraising and grant applications and potentially
   less input from council once the hall has proved to be self-sustaining.
13. To ensure that the Association can break even and cover expenses the average rental would
    only need to increase to $20.65 an hour or the hours rented would need to increase to 1,804
    which is a small rise of 3.5%
14. Start-up costs for the Association amounted to the incorporation fee and web site set-up fees
    which were paid by way of donation by members of the CMHA Inc. committee. This can be
    reimbursed from profits once operations have commenced. Any other early startup costs
    such as insurance can be paid for by donations received from local service clubs such as
    Rotary who are working closely with CMHA Inc. during this period.
15. CMHA Inc. operations manager/hall coordinator will maintain an up to the minute web site
    thus ensuring the public is aware of fund-raising and events, availability and contact
    information as well as online application for hire.

4.2 Banking
1. Bendigo bank will hold the majority of CMHA Inc. funds. Commonwealth Bank, being a
                                           t
   $10 monthly gateway/transaction account fee in comparison to $40 monthly fee with
   Bendigo is currently the preferred option on cost basis for the gateway/transaction account
                          af
   required by the website’s online payment system and any card transaction.

2. Annexure 11 & 12 attached with further information
    Dr


BUSINESS PLAN FOR FUTURE OPERATION OF COOROY MEMORIAL HALL                    MARCH 2017          21