Business Plan 2013-2014 - RDA Murraylands & Riverland Inc

5. Operational Parameters for theYearThe 2013/14 Working Budget has been endorsed by the RDA M&R Treasurer and was approved bythe RDA M&R Board at its meeting on the 20 th June 2013.The Working Budget contains regional income and expenditure budget lines for:The Murraylands Operational Account (Service Centre)The Riverland Operational Account (Service Centre)RDA Core Account (Corporate budget)These three budget lines are then consolidated to form an overarching budget for the RDA M&R.IncomeA key element of the 2013/14 budget is the loss of the State Government as a core fundingpartner. The state government is funding two specific projects in the 2013/14 and 2014/15financial years but this loss of funding provides a significant shortfall in our budget. It waselected at RDA M&R’s February 2013 Board meeting that the budget shortfall of $489,613 will betaken from equity funds to provide service delivery as per the current business model.New rental and service agreements have been negotiated with tenants at both Service Centres(Berri and Murray Bridge). The revised service agreements will generate additional income tooffset office lease and outgoing costs.RDA M&R will also be actively looking for opportunities to generate additional income throughhosting complementary programs, e.g. Murraylands Tourism Development Manager and the Skillsfor All in Regions Programs.In 2013/14 RDA M&R will actively pursue new program and project delivery from Local, State andFederal Government initiatives.ExpenditureIn 2013/14, RDA M&R will, across the organisation, invest in a range of marketing andpromotional activities, including the maintenance of the website, providing current informationabout the region to key stakeholders, and increasing the profile of RDA in the community.Both staff and Board members will be supported with access to training and improvedinformation technology as required.Operational requirementsStaff resources, to deliver the RDA M&R Strategic and Business Plan, are detailed in the flowcharton Page 10 and costs and employee entitlements have been factored into the 2013/14 Budget.Page 11