Appendix 2 - Management Accounts to end of February 2024 - Live Active Leisure
Perth and Kinross Council · 24 April 2024
Back to Scrutiny and Performance Committee — 24 April 2024 and its agenda
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Live Active Leisure Group Summary (excluding funded activity) February 2024 - Highlights Notes * Due to the timing of the Finance and Governance meeting, it is not possible to have the full draft figures for February 24. Whilst the income can be fairly accurate, the expenditure has still to be recorded. The budget figures for the month have been used as a prudent alternative. * Customer generated income was 86% of budget for February 24. YTD it has decreased to 99% of budget. The increased income in the first six months of the fiscal year has compensated for the loss of income in the last five months with 99% of YTD income achieved with just one month until the end of the year. All venue usages for Febuary 24 were 84k, compared with 110k for the same period in the previous year. * Casual swimming income at Perth Leisure Pool for February is 81% of February 23. Usage for the venue was 24k compared to 30k for the same period in the previous year. Olympia in Dundee has been partially closed since early February. * During February 24 there was a net member loss of 145. At the end of the month we had 2,588 members, 72% of our pre-flood level at the start of October 2023. Membership income has stabilised at £72k, again at 67% of the pre-flood level. * The PKC contract fee for February was reduced by approximately £7.5k. This was to account for a repayment to Sportscotland relating to an underspend of grant income on 2022/23. Other income includes £34k of bank interest. * Budget figures have been used for all expenditure categories. As most of the categories have been underspent YTD, it is possible that these costs are inflated. * Based on the draft position to February 24, the company is still performing ahead of the fiscal year budget deficit of -£630k. Year to date we have a deficit of -£339k against a budgeted deficit of -£711k. This position is in line with our forecast deficit for the year end of -£334k used for the budget process.
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LAL excluding funded activities February YTD April May June July August September October November December January Draft Budget Total Budget %age against %age against Income £ £ £ £ £ £ £ £ £ £ £ £ £ Budget Budget Pay and Play / Bookings income 189,425 139,982 179,773 139,350 140,462 154,994 133,905 150,760 125,600 159,168 175,365 1,688,784 Casual Swimming Income PLP only 97,419 64,358 53,764 160,157 118,275 63,844 57,873 28,561 27,534 50,111 61,499 783,395 Membership income - DD 95,132 101,864 98,344 99,510 102,626 107,621 102,784 87,529 78,015 71,645 71,650 1,016,719 Swimming lesson income - DD 55,181 60,660 60,380 60,720 60,300 64,645 61,761 61,524 61,435 58,487 60,998 666,092 Total customer generated Income 437,157 366,864 392,261 459,737 421,663 391,104 356,323 328,374 292,584 339,411 369,512 425,276 4,154,990 4,215,511 87% 99% PKC Contract 398,278 398,278 398,278 398,279 398,279 398,279 398,279 398,279 398,279 398,279 390,777 398,278 4,373,563 4,381,063 98% 100% Other 19,534 12,660 20,826 27,232 35,500 25,217 22,081 25,532 20,227 35,188 38,597 6,875 282,594 162,562 561% 174% Total Income 854,969 777,802 811,365 885,248 855,442 814,600 776,683 752,185 711,090 772,878 798,886 830,429 8,811,147 8,759,136 96% 101% Expenditure Staff Costs 552,738 545,343 547,628 568,695 568,710 519,214 542,924 528,958 526,829 520,082 544,973 544,973 5,966,094 6,243,633 100% 96% Supplies & Services 45,262 71,695 115,779 72,337 70,118 137,087 74,820 68,807 99,996 40,652 78,450 78,450 875,003 931,749 100% 94% Property costs 71,771 84,730 99,303 68,584 67,411 248,239 73,183 71,172 99,593 75,470 79,557 79,557 1,039,013 1,208,293 100% 86% Utilities 104,693 97,780 91,692 83,993 91,551 113,504 112,033 129,240 119,713 136,002 134,647 134,647 1,214,848 1,086,005 100% 112% Bell's Centre Flood Costs 22,266 28,699 4,283 231 55,479 Total Expenditure 774,464 799,548 854,402 793,609 797,790 1,018,044 825,226 826,876 850,414 772,437 837,627 837,627 9,150,437 9,469,680 100% 97% Surplus/-Deficit 80,505 -21,746 -43,037 91,639 57,652 -203,444 -48,543 -74,691 -139,324 441 -38,741 -7,198 -339,290 -710,544 22-23 Operating Income 333,828 291,984 290,917 330,852 329,093 316,925 377,610 446,620 313,731 361,489 394,048 3,787,097 Better than budget 131% 126% 135% 139% 128% 123% 94% 74% 93% 94% 94% 110% On Budget 22-23 Surplus/ -Deficit -25,324 -153,014 -260,600 -226,635 -119,928 -132,282 -106,296 -136,582 -105,863 -15,433 7,328 -609,971 Worse than Budget -318% 14% 17% -40% -48% 154% 46% 55% 132% -3% -529% 56% Budget used 19-20 Operating Income 438,182 428,911 339,492 366,817 390,674 436,625 417,921.00 404,781 343,884 423,998 456,433 4,441,745 100% 86% 116% 125% 108% 90% 85% 81% 85% 80% 81% 94% 19-20 Surplus/ -Deficit 107,913 56,765 -107,120 -56,519 35,386 61,828 -5,492 -12,748 -199,823 39,985 42,724 36,514 75% -38% 40% -162% 163% -329% 884% 586% 70% 1% -91% -929% February YTD