Parking and Ranger Services

Parking & Ranger Services	March 2024 YTD Actual ($'000)	March 2024 YTD Budget ($'000)	Variance Better/Worse ($'000)	Variance Better/Worse (%)	2023/24 QBRS Q2 Budget ($000)	2023/24 Adopted Budget ($000)	Commentary
Income from Continuing Operations
General Revenue	-	-	-	n/a	-	-
User Charges & Fees	248	238	9	4.0%	318	268
Other Income	12,027	11,357	670	5.9%	15,038	14,818	Higher than expected infringement income received.
Profit or (Loss) on Disposal	-	-	-	n/a	-	-
Total Income	12,275	11,595	679	5.9%	15,356	15,086
Expenses from Continuing Operations
Employee Costs	5,298	5,339	41	0.8%	7,021	6,721
Borrowing Costs	-	-	-	n/a	-	-
Materials & Services	1,534	1,971	437	22.2%	2,617	2,253	Timing of processing SEINS costs.
Other Expenses	1,479	1,077	(402)	(37.3)%	1,430	1,171	Allocation of doubtful debts related to infringements.
Depreciation & Amortisation	-	-	-	n/a	-	-
Total Expense	8,310	8,387	77	0.9%	11,068	10,145
Total Surplus/(Deficit) before Funding	3,964	3,208	756	23.6%	4,288	4,941
Operating Grants & Contributions
Operating Grants	-	-	-	n/a	-	-
Total Surplus/(Deficit) after Operating Grants	3,964	3,208	756	23.6%	4,288	4,941
Funding Contributions & Overhead Allocations
Capital Grants & Contributions	-	-	-	n/a	-	-
Overhead Allocation	(2,600)	(3,426)	826	24.1%	(4,567)	(4,975)
Funding from/(to) Restricted Funds	-	-	-	n/a	-	-
Funding from/(to) General Funds	(1,364)	217	(1,582)	<-100%	279	34
Total Surplus/(Deficit) after Capital Grants, Contributions & Funding	-	-	-	n/a	-	-

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