Capital and Major Projects

Capital and Major Projects	March 2025 YTD Actual ($'000)	March 2025 YTD Q2 Budget ($'000)	Variance Better/Worse ($'000)	Variance Better/Worse (%)	Q2 Budget ($000)	Q1 Budget ($000)	Adopted Budget ($000)	Commentary
Income from Continuing Operations
General Revenue	-	-	-	n/a	-	-	-
User Charges & Fees	-	-	-	n/a	-	-	-
Other Income	281	100	181	>100%	100	100	100	Energy savings credits.
Profit or (Loss) on Disposal	-	-	-	n/a	-	-	-
Total Income	281	100	181	>100%	100	100	100
Expenses from Continuing Operations
Employee Costs	4,089	3,934	(155)	(3.9)%	436	436	401
Borrowing Costs	-	-	-	n/a	-	-	-
Materials & Services	1,805	1,723	(83)	(4.8)%	3,577	3,577	3,214
Other Expenses	-	-	-	n/a	-	-	400
Depreciation & Amortisation	-	-	-	n/a	-	-	-
Total Expense	5,894	5,656	(238)	(4.2)%	4,013	4,013	4,016
Total Surplus/(Deficit) before Funding	(5,613)	(5,556)	(57)	(1.0)%	(3,913)	(3,913)	(3,916)
Operating Grants & Contributions
Operating Grants	790	-	790	n/a	2,472	2,472	2,472
Total Surplus/(Deficit) after Operating Grants	(4,823)	(5,556)	733	13.2%	(1,441)	(1,441)	(1,444)
Funding Contributions & Overhead Allocations
Capital Grants & Contributions	8,195	6,756	1,439	21.3%	36,392	37,657	33,875
Overhead Allocation	(1,389)	(1,343)	(47)	(3.5)%	(1,790)	(1,794)	(1,792)
Funding from/(to) Restricted Funds	10,877	2,380	8,497	>100%	24,827	26,935	28,151
Funding from/(to) General Funds	(12,859)	(2,237)	(10,622)	<-100%	(57,988)	(61,358)	(58,790)
Total Surplus/(Deficit) after Capital Grants, Contributions & Funding	-	-	-	n/a	-	-	-

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