Publications
Home > Publications > Annual Report 2005 > Finance

Finance Department

Income and Expenditure Account Statement for Year Ended 31st December 2004

The Income and Expenditure Account Statement brings together all the revenue related income and expenditure. It shows the surplus/ (deficit) for the year.

Expenditure by Programme Group Gross Expenditure 2005(€) Net Income 2005 (€) Net Expenditure 2005 (€) Expenditure 2004(€)
Housing 2,772,758 2,414,011 358,747 212,193
Road Transportation and Safety 22,652,710 17,704,304 4,948,406 3,754,393
Water Supply and Sewerage 5,941,611 1,894,808 4,046,803 3,892,485
Development Incentives and Controls 2,979,922 1,170,176 1,809,746 1,680,000
Environmental Protection 4,727,636 991,944 3,735,692 3,390,387
Recreation and Amenity 2,811,562 390,268 2,421,294 2,219,247
Agriculture Education Health and Welfare 4,015,745 3,659,566 356,179 660,228
Miscellaneous Services 5,326,061 3,158,407 2,167,654 2,073,972
Total Expenditure/Income 51,228,005 31,383,484        
 
Net Cost of Programmes to be funded from
Rates and Local Government Fund 19,844,523 17,882,905
Local Government Fund 15,161,087 13,910,355
County Rates 3,473,854 3,140,510
County Demand 2,469,600 2,352,000
Surplus/(Deficit) for Year before 1,260,018 1,519,960
Transfers from/(to) Reserves (1,120,477) (1,409,362)
Overall Surplus/(Deficit) for Year 139,541 110,598
General Reserve at 1st January (1,826,077) (1,936,677)
General Reserve at 31st December (1,686,536) (1,826,079)


Balance Sheet as at 31st December 2005


  2005 € 2004 €
Fixed Assets
Operational
191,418,910
183,539,876
Infrastructural
1,400,552,301
1,285,276,361
Community
8,890,420
8,890,420
Non-Operational
-
-
Total
1,600,861,631
1,477,706,657
 
Work-in-Progress and Preliminary Expenses
90,472,149
129,474,890
 
Long Term Debtors
19,802,020
19,623,892
 
Current Assets
Stock
228,774
184,150
Trade Debtors and Prepayments
4,735,571
6,549,925
Bank Investments
1,804,376
1,141,299
Cash at Bank
2,432,897
2,785,854
Cash on Hand
466
467
Urban Account
1,190,318
1,256,446
Total
10,392,402
11,918,141
 
Current Liabilities
Bank Overdraft
-
-
Creditors and Accruals
6,635,594
6,409,671
Finance Leases
-
-
Total
6,635,594
6,409,671
 
Net Current Assets/(Liabilities)
3,756,808
5,508,470
 
Creditors (Amounts greater than one year)
Loans Payable
49,995,443
49,156,588
Finance Leases
-
-
Refundable Deposits
1,390,672
996,896
Other
-
-
Total
51,386,115
50,153,484
Net Assets/(Liabilities)
1,663,506,493
1,582,160,425
 
Financed By
Capitalisation Account
1,600,861,631
1,477,706,657
Income WIP
65,927,844
132,110,758
Specific Revenue Reserve
1,103,774
1,707,152
General Revenue Reserve
1,686,537
1,826,079
Other Balances
2,700,219
27,538,063
 
Total Reserves
1,663,506,493
1,582,160,425


Motor Taxation Office

The Motor Taxation Offices at the Development Centre, Cleveragh Road, and Teach Laighne, Tubbercurry, continue its efforts in providing a quality and improved service to the public. The latest figures indicate that 85% of our customers call to the offices and carry out counter transactions, with the remaining 15% availing of postal transactions. In 2005, 89% of postal applications for disc licences were dealt with on the same day.

The Vehicle Registration Unit in Shannon, County Clare is directly linked with Motor Taxation Offices nationwide, in providing up to date information on vehicle and driving licences through the NVDF System. The VRU also provide on line for the renewal of motor tax for private vehicles.

Our Motor Taxation office in Tubbercurry continues to increase its share in business in 2005, taking over €1.63 million – which represents a steady increase to 17% of the County.

Number of Transactions 2004-2005

Type of Transaction 2005 2004
Road Taxes 52,310 47,741
Roadworthiness Certs 3,711 2,765
Driving Licences 7,275 8,313
Miscellaneous 1,380 5,945
Total 64,676 64,764
Total Receipts €9,887,736 €9,467,354


< Back