Inner West Council

IWC	January 2025 YTD Actual ($'000)	January 2025 Q1 Budget ($000)	Variance Better/(Worse) ($000)	Variance Better/(Worse) (%)	Q1 Budget ($000)	Adopted Budget ($000)
Income from Continuing Operations
General Revenue	107,251	104,810	2,441	2.3%	181,952	181,952
User Charges & Fees	38,379	35,185	3,195	9.1%	61,102	60,913
Other Income	27,428	24,332	3,096	12.7%	41,798	39,487
Profit or (Loss) on Disposal	1,346	(647)	1,993	>100%	(1,109)	(1,109)
Total Income	174,405	163,680	10,725	6.6%	283,742	281,242
Expenses from Continuing Operations
Employee Costs	91,664	90,630	(1,034)	(1.1)%	149,517	149,127
Borrowing Costs	421	429	7	1.7%	723	723
Materials & Services	62,882	53,297	(9,585)	(18.0)%	99,736	95,584
Other Expenses	8,762	8,292	(469)	(5.7)%	13,151	13,672
Depreciation & Amortisation	21,979	22,227	248	1.1%	38,104	34,204
Total Expense	185,708	174,876	(10,832)	(6.2)%	301,231	293,311
Total Surplus/(Deficit) before Funding	(11,303)	(11,196)	(107)	(1.0)%	(17,489)	(12,069)
Operating Grants & Contributions
Operating Grants	5,797	2,256	3,540	>100%	12,905	10,353
Total Surplus/(Deficit) after Operating Grants	(5,507)	(8,940)	3,433	38.4%	(4,585)	(1,716)
Funding Contributions & Overhead Allocations
Capital Grants & Contributions	18,531	10,760	7,772	72.2%	44,798	40,576
Overhead Allocation	(9)	0	(9)	<-100%	0	0
Funding from/(to) Restricted Funds	(25,434)	(4,719)	(20,715)	<-100%	(53,005)	(50,409)
Funding from/(to) General Funds	12,418	2,899	9,519	>100%	12,791	11,549
Total Surplus/(Deficit) after Capital Grants, Contributions & Funding	-	-	-	n/a	-	-

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