Engineering Services

Engineering Services	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	1,923	2,001	(77)	(3.9)%	3,910	3,910
Other Income	243	336	(93)	(27.7)%	1,250	1,250
Profit or (Loss) on Disposal	-	-	-	n/a	-	-
Total Income	2,166	2,337	(170)	(7.3)%	5,160	5,160
Expenses from Continuing Operations
Employee Costs	1,906	2,165	259	12.0%	3,637	3,596
Borrowing Costs	-	-	-	n/a	-	-
Materials & Services	1,995	890	(1,105)	<-100%	2,473	2,418	Timing of park asset maintenance.
Other Expenses	-	-	-	n/a	-	-
Depreciation & Amortisation	-	-	-	n/a	-	2
Total Expense	3,901	3,055	(846)	(27.7)%	6,111	6,017
Total Surplus/(Deficit) before Funding	(1,735)	(719)	(1,016)	<-100%	(951)	(857)
Operating Grants & Contributions
Operating Grants	-	-	-	n/a	58	58
Total Surplus/(Deficit) after Operating Grants	(1,735)	(719)	(1,016)	<-100%	(893)	(799)
Funding Contributions & Overhead Allocations
Capital Grants & Contributions	-	-	-	n/a	-	-
Overhead Allocation	(979)	(838)	(140)	(16.7)%	(1,677)	(1,691)
Funding from/(to) Restricted Funds	31	-	31	n/a	50	50
Funding from/(to) General Funds	2,683	1,557	1,126	72.3%	2,520	2,440
Total Surplus/(Deficit) after Capital Grants, Contributions & Funding	-	-	-	n/a	-	-

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