ECCO Profit & Loss statement @March 2015
Eumundi is a bustling market town (two days per week) and a relaxed hinterland town on the other five days. It has a profitable market car park managed by ECCO, previously managed by Sunshine Coast Council.
Residents and local business have been calling for more transparency from ECCO and the common question is "Where does all the money go?"
Photo: Volunteer organisations from across the Sunshine Coast man the boom gates to receive a percentage of parking $ to fund their own projects.
ECCO (Eumundi Combined Community Organisation) manages the market carparks from which it derives it's main income stream. It is overseen by a board of directors with representatives from ECC (Eumundi Chamber of Commerce), EDCA (Eumundi & District Community Association) and EHA (Eumundi Historical Association - who operate now as landlord to The Original Eumundi Markets)
Photo: ECCO RV toilet/shower amenties. Approximate total cost of project $300k
A Profit and Loss Statement (March 2015) has been released by ECCO and is shown below.
According to ECCO's website "In 2008 the operation of the market car parks came back to Eumundi - at the determination of Council - via a 10 year agreement between Council and the specifically established Eumundi Combined Community Organisation Limited (ECCO), established as a not for profit company limited by guarantee.
With revenues generated from the operation of the markets carpark, ECCO's three constitutional objectives are to support:
(a) Projects that benefit the town of Eumundi and its surrounding areas, including projects that enhance community spirit and enjoyment; community amenities; community wellbeing and business and markets sustainability.
(b) To promote and encourage tourism and business opportunities that enhance Eumundi and its surrounding areas.
(c) To operate communal activities, including the community market car park, community bus, RV facility and the Green community magazine for the general benefit of Eumundi and its community."
What do you think? Are the figures reasonable? Do you have any suggestions?
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