1. The Financial Story
June 2015

2. Chapter 1 – what’s the journey we are taking the club on
Chapter 1 – what’s the journey we are taking the club on? Chapter 2 – how are we funding the journey?

3. The Journey Outcome 2013/14 Year 1 Year 2 Year 3 Fees – SLSC members
130,000
192,500
203,300
290,900
Fees – Community members
53,000
418,500
497,400
503,600
Facility hire
15,000
136,000
Life style courses
24,300
40,200
52,200
Other income
259,000
173,700
223,500
210,800
Total Income
457,000
945,000
1,100,400
1,193,500
Staff
92,000
339,000
356,000
374,000
Building operations
59,000
129,000
138,000
144,000
Lease payments
137,000
Other expenses
297,400
270,000
346,000
352,000
Total Expenditure
448,400
933,000
977,000
1,007,000
Cash Surplus
8,600
12,000
123,400
186,500

5. Journey Funding Pledges & other fundraising $ 415,000
$ ,000
Outstanding pledges $
Crowd Funding campaign
$ ,000
Ramsay Healthcare
Building variations
$ ,000
Total Funding
$ ,000

6. Journey expenditure Area Revised Estimate Gym $ 305,470
$ ,470
Kitchen and members bar
$ ,500
Function/Training rooms
$ ,920
Security & Access Control
$ ,500
First Aid
$ ,720
Ski/board/boat area
$ ,000
Lifesaving and Lifeguard Services
$ ,000
Memorabilia and interpretation (history)
$ ,550
Courtyard
$ ,000
Changerooms - male (including lockers)
$ ,400
Changerooms - female
$ ,400
Technology
$ ,440
Office/shop and foyer
$ ,500
Project Management
$ ,660
Design of fitout/interior
$ ,840
Approvals & transition costs
$ ,000
$ ,168,900

7. Lease finance funding options
via TOC
Commercial lease
Borrowing limit
$ ,000
$ ,000
Club funding
$ ,000
$ ,000
Fitout expenditure
$ ,168,900
$ ,168,900
Surplus/Deficit - NCP
-$38,900
-$338,900

8. Are we all on board to take the journey?

10. What happens if we cannot take the journey
Area
Revised Estimate
Gym
$ ,470
Kitchen and members bar
$ ,500
Function/Training rooms
$ ,920
Security & Access Control
$ ,500
First Aid
$ ,720
Ski/board/boat area
$ ,000
Lifesaving and Lifeguard Services
$ ,000
Memorabilia and interpretation (history)
$ ,550
Courtyard
$ ,000
Changerooms - male (including lockers)
$ ,400
Changerooms - female
$ ,400
Technology
$ ,440
Office/shop and foyer
$ ,500
Project Management**
$ ,660
Design of fitout/interior
$ ,840
$ ,158,900
$676,890
$397,510
$84,500