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CAPABILITY OF THE FLOTILLA TO FUND PREVIOUS CAPITAL ACQUISITIONS

The Flotilla was formed in 1973 and over the intervening period had acquired for its use a number of vessels of varying types and sizes. It started with a 7 metre aluminium vessel, graduated to a 10m light game boat which proved to be inadequate in seas, and then finally to the Just Laray, a much heavier and stable craft.

In 1986 the Flotilla constructed its HQ building at the entrance to Mourilyan Harbour adjacent to the main sugar wharf.

Funding for this building was secured by the running of a number of Major Art Unions and donations of materials and labour, including members labour, and loans from the Johnstone Shire Council. Involvement of the community in this venture was crucial.

In 1996 the Flotilla was obliged to move into its current HQ adjacent to the ramp. Costs associated with the move were largely meet by the Ports Corporation of Queensland. Some additional works required to make the building more functional had to be provided by the Flotilla from its own funds

CAN THE FLOTILLA FUND THIS PROPOSAL

The short answer is no unless it can obtain financial assistance from outside sources.

The last acquisition was of a second-hand vessel which means that the vessel was purchased for far less than the cost of a new vessel. The purchase of a second-hand vessel is no longer feasible for a number of reasons, one being that such a vessel would not be available in Queensland and the second is that NEW rescue vessels are now required to be fitted with twin motors. An additional obstacle is a requirement for government funding to be spent in Queensland.

The anticipated delivered cost of the new vessel is assessed at $650,000.

FUND RAISING PROGRAM

The Flotilla has firm funding commitments of $350,000 at the moment. Click here for full details of the intended sourcing of funds. There are bodies willing to assist non-profit bodies such as this Flotilla to improve their infrastructure where the community is the beneficiary. It is our aim to seek the maximum benefit from these sources but at the same time demonstrate reasonable self-commitment to the project.

SHOULD ASSISTANCE BE PROVIDED FOR THIS PURPOSE

This Flotilla, in every year, assist approximately 45 vessels on board of which there some 130 persons. The Flotilla is not claiming that each and every one is in immediate peril but a large number, by their total disregard for their personal safety, have certainly placed themselves in deadly peril.

Only the timely intervention of this Flotilla has diverted tragedy in many cases. What may have happened if the Coast Guard had not been able to respond? One can only speculate as to the outcome.

Can the community afford NOT to support this proposal?

CURRENT ANNUAL OPERATIONAL COSTS AND RECEIPTS

The annual cost of operating the Flotilla, including vessel operations and administrative costs is of the order of $45,000 cash expenditure.

In addition to these costs there is the non cash cost of depreciation amounting to $47,000 annually. This is a deferred cost and must eventually be met if the Flotilla is to continue. The replacement of the Just Laray is one of those costs.

Receipts for the year are of the order of:-

Government Grants	$20000
Fund raisings	$11000
Donations	$31000
TOTAL	$62000

Two thirds of the funding of the Flotilla is raised by the members and one third comes from the government.

Any excess monies after meeting expenses are retained into a dedicated reserve fund.

FUND RAISING STRATEGY

The Mayor of the Shire has agreed to head the Fund Raising campaign and as such he will be approaching the corporate sectors both locally and state-wide for donations.

An initial meeting with Service Clubs aimed at co-ordinating and promoting the gathering of local donations has taken place. From this meeting a strategy will be developed to raise between $60,000 and $100,000.

Applications have been lodged with various FUNDS seeking grants. We have already had success in this field although much more is needed.

IMPACT OF GST

Tax laws limit the ability of the Flotilla to respond to gifts and grants in an appropriate manner. There is little the Flotilla can offer without attracting GST.

If a Material Benefit (as defined) is offered or sought the gift becomes a taxable consideration and as such attracts GST although the donation is still eligible for tax deductibility.

Incentives or benefits such as naming rights, sponsors logos, advertising and in certain circumstances, the method of acknowledging the donation, may be construed as providing a material benefit and thus open the gift to GST. Care will need to be exercised to minimise the potential impact of GST.

Click here for further information on proposed Sponsorship Packages.

Click this Link to discover how we intend to Fund the Acquisition of the New Boat