Economic Development

Economic Development	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	-	-	-	n/a	-	-
Profit or (Loss) on Disposal	-	-	-	n/a	-	-
Total Income	-	-	-	n/a	-	-
Expenses from Continuing Operations
Employee Costs	189	223	34	15.4%	441	438	Vacant positions being filled
Borrowing Costs	-	-	-	n/a	-	-
Materials & Services	229	529	300	56.8%	1,130	831	Timing of project delivered
Other Expenses	125	-	(125)	n/a	-	125	Offset against Materials & Services
Depreciation & Amortisation	-	-	-	n/a	-	-
Total Expense	543	752	210	27.9%	1,571	1,394
Total Surplus/(Deficit) before Funding	(543)	(752)	210	27.9%	(1,571)	(1,394)
Operating Grants & Contributions
Operating Grants	-	-	-	n/a	-	-
Total Surplus/(Deficit) after Operating Grants	(543)	(752)	210	27.9%	(1,571)	(1,394)
Funding Contributions & Overhead Allocations
Capital Grants & Contributions	-	-	-	n/a	-	-
Overhead Allocation	-	-	-	n/a	-	-
Funding from/(to) Restricted Funds	-	-	-	n/a	-	-
Funding from/(to) General Funds	543	752	(210)	(27.9)%	1,571	1,394
Total Surplus/(Deficit) after Capital Grants, Contributions & Funding	-	-	-	n/a	-	-

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