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

3. To manage the use of the hall on behalf of Cooroy and district, meeting the community’s
   social and cultural needs
4. To build on the cultural capacity of the Cooroy community through engagement in activities
   at the hall.

1.4 Keys to Success
1. The key to success for Cooroy Memorial Hall Association Inc is the drive and dedication of
   its members; members like Harry Kirk, and other local tradespeople under Harry’s direction
   who will donate their time extensively; a district with huge heart for this project. The
   professional skill-set of the committee members in heritage, architecture, engineering,
   building and design will ensure that the hall’s original features are preserved, honouring the
   strong personal connections between hall and community, whilst upgrading necessary
   facilities to meet current standards. This is a great asset and will be the key to success.

1.5 Financials.
1. CMHA Inc. has been conservative in outlining budgetary estimates to ensure the Hall’s re-
   opening is achievable and satisfactory to all stakeholders within realistic timeframes.
   Rallying public support and liaising with local business and community re intentions and
   goals, consultation with past and future clients/hirers/community groups, promoting new
   interest from other local events and individuals who have interest in the hall as a venue have
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   been major roles for CMHA Inc. This will equate to preparedness for the re-opening of the
                          af
   hall later this year, increasing profit margins immediately.


2. Usage estimates and fee structures have been gathered through consideration of comparable
   halls in the region. The Cooroy Memorial Hall will be available for hiring between 6am-
   midnight, 7 days a week and is expected to have realistic tenancy rate of 40%. The fee
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   schedule will consist of a base rate subject to normal fluctuations of $20 per hour for the
   main floor and will attract additional costs such as the use of kitchen, bar, stage, equipment
   and other assets. A cleaning fee of 10% will be additional to all hirers. A bond and public
   liability insurance will be required prior to all bookings.


3. Conservative annual income is estimated at $46,940 including Noosa Shire Council
   commitments of a yearly contribution of $12,000 for maintenance. The Hall has been added
   to their own assets insurance and the lawn and gardens added to Council’s grounds
   maintenance contract. Outgoings are estimated at $36,090 per annum. Budgeted Profit of
   $10,850 will fund purchasing of new equipment, interior enhancements, gardening etc. This
   will further attract new hirers to the venue. In the long-term the hall may require less
   financial assistance from council if expectations are met.




BUSINESS PLAN FOR FUTURE OPERATION OF COOROY MEMORIAL HALL                    MARCH 2017            4