Engineering Services

Engineering Services	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	2,647	2,936	(289)	(9.9)%	3,910	3,910	3,910
Other Income	539	648	(109)	(16.9)%	1,250	1,250	1,250
Profit or (Loss) on Disposal	-	-	-	n/a	-	-	-
Total Income	3,185	3,584	(399)	(11.1)%	5,160	5,160	5,160
Expenses from Continuing Operations
Employee Costs	2,800	3,233	433	13.4%	3,637	3,637	3,596
Borrowing Costs	-	-	-	n/a	-	-	-
Materials & Services	2,839	1,634	(1,205)	(73.7)%	2,473	2,473	2,418	Timing of park asset maintenance.
Other Expenses	2	-	(2)	n/a	-	-	-
Depreciation & Amortisation	-	-	-	n/a	-	-	2
Total Expense	5,641	4,867	(773)	(15.9)%	6,111	6,111	6,017
Total Surplus/(Deficit) before Funding	(2,455)	(1,283)	(1,172)	(91.4)%	(951)	(951)	(857)
Operating Grants & Contributions
Operating Grants	-	-	-	n/a	58	58	58
Total Surplus/(Deficit) after Operating Grants	(2,455)	(1,283)	(1,172)	(91.4)%	(893)	(893)	(799)
Funding Contributions & Overhead Allocations
Capital Grants & Contributions	-	-	-	n/a	-	-	-
Overhead Allocation	(1,311)	(1,256)	(55)	(4.4)%	(1,675)	(1,677)	(1,691)
Funding from/(to) Restricted Funds	37	-	37	n/a	50	50	50
Funding from/(to) General Funds	3,729	2,539	1,190	46.9%	2,517	2,520	2,440
Total Surplus/(Deficit) after Capital Grants, Contributions & Funding	-	-	-	n/a	-	-	-

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