Economic Development

Economic Development	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	-	-	-	n/a	-	-
Profit or (Loss) on Disposal	-	-	-	n/a	-	-
Total Income	-	-	-	n/a	-	-
Expenses from Continuing Operations
Employee Costs	201	257	56	22.0%	441	438
Borrowing Costs	-	-	-	n/a	-	-
Materials & Services	252	541	289	53.4%	1,130	831	Timing of project delivered & offset
Other Expenses	125	-	(125)	n/a	-	125	Offset against Materials & Services
Depreciation & Amortisation	-	-	-	n/a	-	-
Total Expense	577	798	220	27.6%	1,571	1,394
Total Surplus/(Deficit) before Funding	(577)	(798)	220	27.6%	(1,571)	(1,394)
Operating Grants & Contributions
Operating Grants	-	-	-	n/a	-	-
Total Surplus/(Deficit) after Operating Grants	(577)	(798)	220	27.6%	(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	577	798	(220)	(27.6)%	1,571	1,394
Total Surplus/(Deficit) after Capital Grants, Contributions & Funding	-	-	-	n/a	-	-

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