Capital and Major Projects

Capital and Major Projects	December 2024 YTD Actual ($'000)	December 2024 YTD Q1 Budget ($'000)	Variance Better/Worse ($'000)	Variance Better/Worse (%)	2024/25 Q1 Budget ($000)	2024/25 Original Budget ($000)	Commentary
Income from Continuing Operations
General Revenue	-	-	-	n/a	-	-
User Charges & Fees	-	-	-	n/a	-	-
Other Income	252	50	202	>100%	100	100	Energy savings credits.
Profit or (Loss) on Disposal	-	-	-	n/a	-	-
Total Income	252	50	202	>100%	100	100
Expenses from Continuing Operations
Employee Costs	2,797	2,635	(162)	(6.2)%	436	401
Borrowing Costs	-	-	-	n/a	-	-
Materials & Services	1,194	1,415	220	15.6%	3,577	3,214	Timing of LED Streetlighting replacement program
Other Expenses	-	-	-	n/a	-	400
Depreciation & Amortisation	-	-	-	n/a	-	-
Total Expense	3,992	4,050	58	1.4%	4,013	4,016
Total Surplus/(Deficit) before Funding	(3,740)	(4,000)	260	6.5%	(3,913)	(3,916)
Operating Grants & Contributions
Operating Grants	-	-	-	n/a	2,472	2,472
Total Surplus/(Deficit) after Operating Grants	(3,740)	(4,000)	260	6.5%	(1,441)	(1,444)
Funding Contributions & Overhead Allocations
Capital Grants & Contributions	7,935	4,295	3,640	84.7%	37,657	33,875
Overhead Allocation	(1,091)	(897)	(194)	(21.6)%	(1,794)	(1,792)
Funding from/(to) Restricted Funds	8,479	3,622	4,857	>100%	26,935	28,151
Funding from/(to) General Funds	(11,584)	(3,021)	(8,563)	<-100%	(61,358)	(58,790)
Total Surplus/(Deficit) after Capital Grants, Contributions & Funding	-	-	-	n/a	-	-

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