Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search


Lakes Leisure Announces Year End Result

7 September 2012

Lakes Leisure Announces Year End Result

Lakes Leisure has reported an 8% increase in participation numbers for the year ended 30 June 2012 recording 685,635 visits to its facilities in the 2011/2012 financial year.

An Operating Surplus of $61,569 was recorded for the 2011/2012 year representing funds available for future reinvestment in programmes, services or community assets. The statement of Comprehensive Income reports total income for the year of $571,859, which for a not for profit organisation with charitable status, is the accounting result reflecting capital funding and not the operating surplus for the day to day trading of the organisation.

Solid growth in all areas of the business has generated operating revenues of approximately $3.5m while the company incurred the costs of delivering community facilities and services to the value of $5.7m. The difference is offset by operating grant income of $2.2m which is unchanged from last year and equates to less than $2 per week per rate paying household. Lakes Leisure continues to reduce its reliance on the QLDC operating grant from 41% of total revenue in 2010/11 to 38.5% in 2011/12, with a greater proportion of costs being funded by revenue generating initiatives.

“Four years in, Lakes Leisure is achieving its goals, delivering on Council agreed objectives and effectively engaging the community in sport and recreation across the district. Our participation numbers within aquatics, health & fitness and community sports continue to grow despite the ongoing challenges of doing so within facilities that are operating at capacity during peak hours. We reviewed our vision early in 2012 to ‘A vibrant, healthy community’ and Lakes Leisure is certainly making a significant contribution to the achievement of that goal.” Ms McKissock said.

A copy of the Lakes Leisure Annual Report can be downloaded at http://www.lakesleisure.co.nz/downloads/Corporate/2011_12_Annual_Report_Lakes_Leisure.pdf


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Budget 2022

At base, the political biffo back and forth on the merits of Budget 2022 comes down to only one thing. Who is the better manager of the economy and better steward of social wellbeing – National or Labour? In its own quiet way, the Treasury has buried a fascinating answer to the “who’s best at running an economy during a crisis?” question, at page 57 of the Fiscal Strategy section...


Budget 2022: A Secure Future In Difficult Times
Budget 2022 will help build a high wage, low emissions economy that provides greater economic security, while providing support to households affected by cost of living pressures... More>>


Budget: Climate Investments Provide Path To Economic Security
The Government is investing in New Zealand’s economic security by ensuring climate change funding moves away from short-term piecemeal responses and towards smart, long-term investment... More>>


Budget: Updated My Vaccine Pass For Those Who Want It

New Zealanders who are up-to-date with their COVID-19 vaccinations will be able to download an updated My Vaccine Pass from 24 May, COVID-19 Response Minister Chris Hipkins said today... More>>

Classification Office: Following Decision To Ban Manifesto The Buffalo Mass Shooting Livestream Is Now Banned
The livestream video of yesterday’s mass shooting in the United States has now been banned, Acting Chief Censor Rupert Ablett-Hampson announced this morning. The decision follows on from his decision yesterday to call in and ban the ‘manifesto... More>>

Borders: New Zealand Poised To Welcome International Students Back
New Zealand is fully reopening to international students and the Government is committed to help reinvigorate and strengthen the sector, Education Minister Chris Hipkins said today... More>>

Inland Revenue: Commissioner Appointed
Deputy Public Service Commissioner Helene Quilter QSO has today announced the appointment of Peter Mersi to the position of Commissioner and Chief Executive, Inland Revenue Department... More>>




InfoPages News Channels