Living Arts

Living Arts	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	2	3	(1)	(25.5)%	6	6
Profit or (Loss) on Disposal	-	-	-	n/a	-	-
Total Income	2	3	(1)	(25.5)%	6	6
Expenses from Continuing Operations
Employee Costs	788	363	(425)	<-100%	674	915	Offset with Events - Team alignment
Borrowing Costs	-	-	-	n/a	-	-
Materials & Services	179	331	151	45.7%	866	866	Timing of projects delivered
Other Expenses	34	31	(3)	(9.1)%	31	31
Depreciation & Amortisation	16	16	(0)	(1.0)%	27	27
Total Expense	1,017	740	(277)	(37.4)%	1,599	1,839
Total Surplus/(Deficit) before Funding	(1,015)	(737)	(278)	(37.7)%	(1,594)	(1,834)
Operating Grants & Contributions
Operating Grants	-	-	-	n/a	-	-
Total Surplus/(Deficit) after Operating Grants	(1,015)	(737)	(278)	(37.7)%	(1,594)	(1,834)
Funding Contributions & Overhead Allocations
Capital Grants & Contributions	-	-	-	n/a	-	-
Overhead Allocation	(209)	(270)	60	22.4%	(463)	(463)
Funding from/(to) Restricted Funds	0	-	0	n/a	94	-
Funding from/(to) General Funds	1,224	1,007	217	21.6%	1,962	2,296
Total Surplus/(Deficit) after Capital Grants, Contributions & Funding	-	-	-	n/a	-	-

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