Financial Modelling for WAVES Fitness and Aquatic Centre

Financial Modelling for WAVES Fitness and Aquatic Centre

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.
Review Of Supply and Demand for Sports Facilities in the NSROC Region

Review Of Supply and Demand for Sports Facilities in the NSROC Region

Review Of Supply and Demand for Sports Facilities in the NSROC Region

Client

Northern Sydney Regional Organisation of Councils (NSROC) (NSW)

Project Purpose

Provide a strong evidence base to assist NSROC and its Member Councils to advocate for greater strategic direction, secure grant funding, respond to pressure from stakeholders and coordinate a regional approach to supply and demand issues.

Otium’s Role

  • Catchment analysis.
  • Development of detailed inventory and mapping.
  • Trends analysis.
  • Demand modelling.
  • Assessment of supply and demand.
  • Future opportunities identification.

Project Outcomes

  • Adopted and currently being implemented.
  • Generated strong national and state media interest.
  • Winner of Parks & Leisure Australia (NSW) Strategic Planning Award (2024).
  • Commendation Parks & Leisure Australia Award (2024).

Project Challenges/Key Learnings

  • Coordinating data from eight Member Councils.
  • Facilitating an agreed approach to future opportunities.
  • Regular engagement with all key stakeholders is critical to ensuring collective agreement.

Community Benefits

  • Increased awareness of supply and demand gap challenges by all stakeholders.
  • Clear pathway to optimising current assets and planning for new assets via innovative strategies.