2020-02-11 Services and Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                 11 FEBRUARY 2020


                                FY 18/19 YTD Dec Act   FY 19/20 YTD Dec Act   YoY Var $          YoY Var %

Membership                                   37,923                 61,280      23,357               62%

Sponsorship                                  10,000                 50,000      40,000              400%

Other Recurrent Income                        6,588                  6,340        (248)               -4%

Rental                                       31,477                 29,564      (1,913)               -6%

Total                                        85,988                147,184      61,196                71%




Expenditure Analysis

The total YTD actual direct costs of $132,282 incurred in operating the Digital Hub comprises the
following approximate major cost categories (excluding salaries):

       Contract Services for “Regional Start-up Hub Support Program” $11,666 (financed by
         Queensland Government Grant)
       Telco IP fibre connection $9,075
       Internal cleaning $6,262
       Catering for events and programs $5,591 (financed by sponsorships)
       General materials/supplies $4,878
       Electricity (including solar offset) $3,410
       Cisco gateway Hub connectivity lease $3,380
       Building security $2,986
       Landscaping costs $2,872
       Air conditioning maintenance $2,310
       Software licences and subscriptions $1,368

2.       Tenancies

Atmail is the largest commercial tenant of The Digital Hub and have commenced the second year
of their three year lease agreement with renewal options. This locally grown company is in
expansion phase and have recently reported strong revenue, profit and employment growth.

One of The Digital Hub’s office tenants, Commtract, indicated at the end of October that they
were closing their Sunshine Coast Office and would need to terminate their lease. Council’s
commercial leasing partner, Colliers, were engaged to secure a replacement tenant.

Interest was received from multiple prospective tenants and terms have been agreed with an
exciting Noosa-based technology company with a lease to be executed pending Council
approval.




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