Living Arts

Living Arts	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	-	-	-	n/a	-	-	-
Other Income	3	4	(1)	(21.5)%	6	6	6
Profit or (Loss) on Disposal	-	-	-	n/a	-	-	-
Total Income	3	4	(1)	(21.5)%	6	6	6
Expenses from Continuing Operations
Employee Costs	938	600	(337)	(56.2)%	814	674	915	Offset with Events - Team alignment
Borrowing Costs	-	-	-	n/a	-	-	-
Materials & Services	208	562	353	62.9%	866	866	866	Timing of projects delivered
Other Expenses	35	31	(3)	(10.0)%	31	31	31
Depreciation & Amortisation	20	20	(0)	(0.1)%	27	27	27
Total Expense	1,201	1,214	13	1.0%	1,739	1,599	1,839
Total Surplus/(Deficit) before Funding	(1,198)	(1,210)	12	1.0%	(1,733)	(1,594)	(1,834)
Operating Grants & Contributions
Operating Grants	-	-	-	n/a	-	-	-
Total Surplus/(Deficit) after Operating Grants	(1,198)	(1,210)	12	1.0%	(1,733)	(1,594)	(1,834)
Funding Contributions & Overhead Allocations
Capital Grants & Contributions	-	-	-	n/a	-	-	-
Overhead Allocation	(331)	(347)	16	4.6%	(463)	(463)	(463)
Funding from/(to) Restricted Funds	(6)	-	(6)	n/a	94	94	-
Funding from/(to) General Funds	1,535	1,557	(21)	(1.4)%	2,102	1,962	2,296
Total Surplus/(Deficit) after Capital Grants, Contributions & Funding	-	-	-	n/a	-	-	-

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