Business Plan 2013-2014 - RDA Murraylands & Riverland Inc

More documents

Recommendations

Info

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
Developing the BudgetEach budget has been prepared in line with Federal Government templates. The Corporate budget isFederal funding towards the operation of the Board and support to Chief Executive, Chair & DeputyChair. Each sub-region has it own budget and are generally even in their income and expenditure.The main difference is the Murraylands has invested an extra $150k from retained funds inheritedfrom good financial management of MRDB. This has resulted in Murraylands having the ability toinvest substantially more into Business Development.There is a considerable difference in occupancy costs between the 2 offices. This is reflected in thebudget however through hosting external tenants and extra programs it is anticipated that theactual Riverland figure will be offset quite substantially.Page 12
Page 4: 1. Executive SummaryRegional Develo
Page 8 and 9: Committee MembersNeil Martinson (LG
Page 14 and 15: BudgetPage 13
Page 16 and 17: 7. Work Program and Key Prioritiesf
Page 18 and 19: 7.1. Action Plan 2013/14The followi
Page 20 and 21: Goal l 10ObjectiveIncreased choices
Page 22 and 23: 7.3. Key Performance Indicators (Ge
Page 25 and 26: 8. Communications & MarketingStrate
Page 27: 8.2. External Communication Strateg
Page 34: Constrained cash flow− Treasurer

Business Plan 2013-2014 - RDA Murraylands & Riverland Inc

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?