| IWC | January 2026 YTD Actual ($'000) | January 2026 YTD Q1 Budget ($000) | Variance Better/(Worse) ($000) | Variance Better/(Worse) (%) | 2025/26 QBRS Q1 Budget ($000) | 2025/26 Adopted Budget ($000) |
|---|---|---|---|---|---|---|
| Income from Continuing Operations | ||||||
| General Revenue | 111,925 | 111,516 | 409 | 0.4% | 191,918 | 191,918 |
| User Charges & Fees | 40,964 | 38,746 | 2,218 | 5.7% | 66,510 | 66,144 |
| Other Income | 26,077 | 21,952 | 4,125 | 18.8% | 43,605 | 41,030 |
| Profit or (Loss) on Disposal | (119) | 379 | (498) | <-100% | (770) | (920) |
| Total Income | 178,847 | 172,593 | 6,254 | 3.6% | 301,262 | 298,172 |
| Expenses from Continuing Operations | ||||||
| Employee Costs | 93,131 | 96,197 | 3,065 | 3.2% | 157,856 | 156,351 |
| Borrowing Costs | 395 | 394 | (1) | (0.4)% | 678 | 678 |
| Materials & Services | 61,528 | 55,154 | (6,374) | (11.6)% | 105,578 | 100,387 |
| Other Expenses | 8,813 | 8,581 | (232) | (2.7)% | 13,789 | 13,614 |
| Depreciation & Amortisation | 24,197 | 22,693 | (1,503) | (6.6)% | 38,936 | 38,936 |
| Total Expense | 188,065 | 183,019 | (5,046) | (2.8)% | 316,838 | 309,967 |
| Total Surplus/(Deficit) before Funding | (9,218) | (10,426) | 1,208 | 11.6% | (15,576) | (11,795) |
| Operating Grants & Contributions | ||||||
| Operating Grants | 6,489 | 6,314 | 176 | 2.8% | 15,680 | 11,866 |
| Total Surplus/(Deficit) after Operating Grants | (2,729) | (4,112) | 1,384 | 33.6% | 104 | 70 |
| Funding Contributions & Overhead Allocations | ||||||
| Capital Grants & Contributions | 11,722 | 11,262 | 459 | 4.1% | 36,607 | 31,555 |
| Overhead Allocation | (20) | (17,834) | 17,813 | 99.9% | - | - |
| Funding from/(to) Restricted Funds | (27,519) | 5,245 | (32,764) | <-100% | (57,542) | (59,229) |
| Funding from/(to) General Funds | 18,546 | 5,439 | 13,107 | >100% | 20,832 | 27,604 |
| Total Surplus/(Deficit) after Capital Grants, Contributions & Funding | - | - | - | n/a | - | - |
Page last updated: 11 Mar 2026