Section 2.1 Income Statement Actuals FY26 $'000 Approved Forecast $'000 Variance Fav/(Unfav) % Year to Date Adopted Budget $'000 Variance Fav/(Unfav) % Actual FY25 $'000 Variance Fav/(Unfav) % Approved Forecast $'000 Full Year Adopted Budget $'000 Variance Fav/(Unfav) % 237,938 237,277 <1% 237,913 <1% 226,750 5% 237,277 237,913 >(1%) Statutory fees and fines 9,852 10,420 (5)% 10,378 (5)% 10,709 (8)% 10,420 10,378 <1% User fees 26,017 26,372 (1)% 23,868 9% 24,705 5% 26,372 23,868 10% Grants - operating 19,968 16,672 20% 15,344 30% 20,196 (1)% 16,732 * 15,344 9% Grants - capital 17,534 13,321 32% 16,445 7% 16,458 7% 42,243 * 16,445 >100% Contributions - monetary 7,002 5,490 28% 9,537 (27)% 2,516 >100% 16,033 * 9,537 68% Contributions - non-monetary 4,177 4,474 (7)% 4,474 (7)% 2,947 42% 4,474 4,474 - Other Income 14,434 13,328 8% 8,382 72% 13,557 6% 13,328 8,382 59% Total Revenue 336,921 327,353 3% 326,342 3% 317,837 6% 366,878 326,342 12% Employee costs 103,380 104,269 1% 96,504 (7)% 99,356 (4)% 104,269 96,504 (8)% Materials and services 156,012 173,680 10% 156,225 <1% 148,226 (5)% 177,135 * 156,225 (13)% Depreciation 50,851 51,800 2% 47,389 (7)% 46,118 (10)% 51,800 47,389 (9)% Amortisation - intangible assets 91 91 - 91 - 449 80% 91 91 - Amortisation - right of use assets 1,522 1,600 5% 627 <(100)% 1,184 (29)% 1,600 627 <(100)% 7 - - - - 47 84% - - - Borrowing Costs 703 705 <1% 726 3% 892 21% 705 726 3% Finance costs - leases 83 95 12% 13 <(100)% 72 (15)% 95 13 <(100)% Fair value adjustments (3,536) - - - - (3,707) 5% - - - Net loss on disposal of Assets 8,698 62 <(100)% - - 1,150 <(100)% 62 - - Other Expenses 9,339 10,372 10% 8,879 (5)% 9,048 (3)% 10,372 8,879 (17)% Total Expenses 327,152 342,672 5% 310,454 (5)% 302,836 (8)% 346,127 310,454 (11)% 9,770 (15,319) <(100)% 15,888 (39)% 15,002 (35)% 20,751 15,888 31% Revenue Rates and charges Expenses Bad and doubtful debts Surplus At the time of preparing the finance report, year-end adjustments have not been finalised. These adjustments will impact on the year-end position. The Audited Annual Financial Statements will state the year end position in accordance with applicable accoun ting standards and regulations. *Full Year Approved Forecast includes carry forward balances. Quarterly Financial Report • 13 .