Capital and Major Projects

Capital and Major Projects	January 2025 YTD Actual ($'000)	January 2025 YTD Q1 Budget ($'000)	Variance Better/Worse ($'000)	Variance Better/Worse (%)	Q1 Budget ($000)	Adopted Budget ($000)	Commentary
Income from Continuing Operations
General Revenue	-	-	-	n/a	-	-
User Charges & Fees	-	-	-	n/a	-	-
Other Income	275	50	225	>100%	100	100	Energy savings credits.
Profit or (Loss) on Disposal	-	-	-	n/a	-	-
Total Income	275	50	225	>100%	100	100
Expenses from Continuing Operations
Employee Costs	3,214	3,035	(179)	(5.9)%	436	401
Borrowing Costs	-	-	-	n/a	-	-
Materials & Services	1,552	1,617	64	4.0%	3,577	3,214
Other Expenses	-	-	-	n/a	-	400
Depreciation & Amortisation	-	-	-	n/a	-	-
Total Expense	4,766	4,652	(115)	(2.5)%	4,013	4,016
Total Surplus/(Deficit) before Funding	(4,491)	(4,602)	111	2.4%	(3,913)	(3,916)
Operating Grants & Contributions
Operating Grants	683	-	683	n/a	2,472	2,472
Total Surplus/(Deficit) after Operating Grants	(3,808)	(4,602)	794	17.2%	(1,441)	(1,444)
Funding Contributions & Overhead Allocations
Capital Grants & Contributions	9,580	4,869	4,711	96.7%	37,657	33,875
Overhead Allocation	(981)	(1,046)	66	6.3%	(1,794)	(1,792)
Funding from/(to) Restricted Funds	9,014	5,026	3,988	79.4%	26,935	28,151
Funding from/(to) General Funds	(13,806)	(4,247)	(9,559)	<-100%	(61,358)	(58,790)
Total Surplus/(Deficit) after Capital Grants, Contributions & Funding	-	-	-	n/a	-	-

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