Corporate Support Services

Corporate Support Services	May 2025 YTD Actual ($'000)	May 2025 YTD Q3 Budget ($'000)	Variance Better/Worse ($'000)	Variance Better/Worse (%)	Q3 Budget ($000)	Q2 Budget ($000)	Q1 Budget ($000)	Adopted Budget ($000)	Commentary
Income from Continuing Operations
General Revenue	128,467	128,362	105	0.1%	140,088	139,588	139,588	139,588
User Charges & Fees	630	590	40	6.8%	644	620	696	656
Other Income	25,403	24,708	695	2.8%	26,945	24,028	22,525	20,415
Profit or (Loss) on Disposal	417	(627)	1,043	>100%	(718)	(718)	(1,109)	(1,109)
Total Income	154,918	153,034	1,884	1.2%	166,958	163,517	161,700	159,549
Expenses from Continuing Operations
Employee Costs	31,850	30,326	(1,524)	(5.0)%	32,749	30,814	30,558	30,694
Borrowing Costs	9	7	(2)	(31.3)%	8	8	8	8
Materials & Services	24,539	26,767	2,228	8.3%	29,123	29,603	27,374	27,574	Timing of invoices
Other Expenses	4,923	4,697	(226)	(4.8)%	5,170	5,089	5,089	5,214
Depreciation & Amortisation	6,580	6,403	(177)	(2.8)%	6,996	6,950	6,950	5,571
Total Expense	67,902	68,200	298	0.4%	74,045	72,465	69,979	69,061
Total Surplus/(Deficit) before Funding	87,016	84,834	2,182	2.6%	92,913	91,052	91,721	90,488
Operating Grants & Contributions
Operating Grants	1,436	5,158	(3,722)	(72.2)%	5,633	5,470	4,980	4,980
Total Surplus/(Deficit) after Operating Grants	88,452	89,992	(1,540)	(1.7)%	98,546	96,522	96,701	95,468
Funding Contributions & Overhead Allocations
Capital Grants & Contributions	2,128	3,390	(1,262)	(37.2)%	3,700	3,728	6,441	6,441
Overhead Allocation	41,373	41,707	(334)	(0.8)%	45,514	45,471	45,447	45,704
Funding from/(to) Restricted Funds	(12,061)	(15,799)	3,738	23.7%	(88,449)	(80,455)	(83,314)	(81,541)
Funding from/(to) General Funds	(119,892)	(119,291)	(602)	(0.5)%	(59,311)	(65,266)	(65,274)	(66,072)
Total Surplus/(Deficit) after Capital Grants, Contributions & Funding	-	-	-	n/a	-	-	-	-

Corporate Support Services

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