Financial Modelling for WAVES Fitness and Aquatic Centre

Client

The Hills Shire Council (NSW)

Project Purpose

To review and update Financial Modelling for WAVES Fitness and Aquatic Centre.

Otium’s Role

  • Compare the current financial performance of WAVES to the original financial operating model for WAVES and identify key reasons for any variations.
  • Preparation of a 10-year financial model identifying operating revenue, costs and attendance using:
    • Current actuals from the Centre and forecast trends.
    • Catchment population forecasts.

Project Outcomes

Future projections to assist Council understand strategic need for further facilities and long-term financial planning.

Project Challenges/Key Learnings

  • Operational decisions that differ from financial model assumptions create variances.
  • Use of existing financial actuals to inform future trends is helpful to revise models post-opening.

Community Benefits

Ongoing health, social and economic benefits from use of WAVES.