Corporate Support Services

Corporate Support Services	May 2024 YTD Actual ($'000)	May 2024 YTD Budget ($'000)	Variance Better/Worse ($'000)	Variance Better/Worse (%)	2023/24 QBRS Q3 Budget ($000)	2023/24 Adopted Budget ($000)
Income from Continuing Operations
General Revenue	122,061	122,005	56	0.0%	133,097	133,097
User Charges & Fees	821	829	(7)	(0.9)%	893	783
Other Income	24,684	23,936	749	3.1%	26,077	15,749
Profit or (Loss) on Disposal	(255)	207	(462)	<-100%	194	(920)
Total Income	147,312	146,976	336	0.2%	160,260	148,708
Expenses from Continuing Operations
Employee Costs	29,050	27,736	(1,314)	(4.7)%	30,208	28,524
Borrowing Costs	35	21	(15)	(71.0)%	38	33
Materials & Services	23,668	24,489	821	3.4%	28,232	23,776
Other Expenses	5,322	4,332	(990)	(22.8)%	5,777	5,777
Depreciation & Amortisation	6,170	5,120	(1,050)	(20.5)%	5,526	5,459
Total Expense	64,245	61,698	(2,547)	(4.1)%	69,781	63,570
Total Surplus/(Deficit) before Funding	83,067	85,278	(2,212)	(2.6)%	90,479	85,138
Operating Grants & Contributions
Operating Grants	80	-	80	n/a	5,850	4,400
Total Surplus/(Deficit) after Operating Grants	83,147	85,278	(2,131)	(2.5)%	96,329	89,538
Funding Contributions & Overhead Allocations
Capital Grants & Contributions	4,122	-	4,122	n/a	-	2,741
Overhead Allocation	38,994	37,812	1,182	3.1%	41,249	43,196
Funding from/(to) Restricted Funds	16,251	(475)	16,726	>100%	(57,056)	(74,156)
Funding from/(to) General Funds	(142,515)	(122,616)	(19,899)	(16.2)%	(80,522)	(61,319)
Total Surplus/(Deficit) after Capital Grants, Contributions & Funding	-	-	-	n/a	-	-

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