| IWC | May 2026 YTD Actual ($'000) | May 2026 YTD Q3 Budget ($'000) | Variance Better/Worse ($'000) | Variance Better/Worse (%) | 2025/26 QBRS Q3 Budget ($000) |
|---|---|---|---|---|---|
| Income from Continuing Operations | |||||
| General Revenue | 175,401 | 175,239 | 162 | 0.1% | 191,918 |
| User Charges & Fees | 64,942 | 63,647 | 1,295 | 2.0% | 69,345 |
| Other Income | 40,672 | 41,278 | (605) | (1.5)% | 44,608 |
| Profit or (Loss) on Disposal | 2,648 | 3,811 | (1,162) | (30.5)% | 2,739 |
| Total Income | 283,664 | 283,974 | (310) | (0.1)% | 308,610 |
| Expenses from Continuing Operations | |||||
| Employee Costs | 148,499 | 156,419 | 7,920 | 5.1% | 161,523 |
| Borrowing Costs | 610 | 619 | 9 | 1.5% | 678 |
| Materials & Services | 99,259 | 92,242 | (7,018) | (7.6)% | 108,488 |
| Other Expenses | 13,303 | 13,228 | (75) | (0.6)% | 14,201 |
| Depreciation & Amortisation | 37,891 | 37,976 | 85 | 0.2% | 41,438 |
| Total Expense | 299,562 | 300,483 | 921 | 0.3% | 326,327 |
| Total Surplus/(Deficit) before Funding | (15,898) | (16,509) | 611 | 3.7% | (17,717) |
| Operating Grants & Contributions | (15,898) | (16,509) | 611 | (17,717) | |
| Operating Grants | 11,661 | 13,201 | (1,540) | (11.7)% | 18,239 |
| Total Surplus/(Deficit) after Operating Grants | (4,237) | (3,308) | (928) | (28.1)% | 522 |
Page last updated: 15 Jun 2026