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Finance Department

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

INCOME AND EXPENDITURE ACCOUNT STATEMENT FOR YEAR ENDED 31st DECEMBER 2006
Expenditure by Programme Group Gross Expenditure
2006 (€)		 Income
2006 (€)		 Net Expenditure
2006 (€)		 Expenditure
2005 (€)
Housing and Building 3,968,427 3,521,365 447,062 358,746
Roads Transportation and Safety 29,616,881 23,908,039 5,708,842 4,948,407
Water and Sewerage 6,589,903 2,794,045 3,795,858 4,046,803
Development Incentives and Controls 3,350,464 1,225,372 2,125,092 1,809,746
Environmental Protection 5,591,079 1,162,703 4,428,377 3,735,692
Recreation and Amenity 3,096,920 424,615 2,672,304 2,421,295
Agriculture, Education, Health and Welfare 4,948,954 4,788,680 160,275 356,180
Miscellaneous 5,167,293 3,509,583 1,657,710 2,167,655
Total Expenditure/Income 62,329,921 41,334,402    
Net cost of programmes to be funded from
Rates and Local Government Fund		     20,995,520 19,844,523
Rates     3,916,266 3,473,854
Local Government Fund - General Purpose Grant     16,617,403 15,161,087
County Charge     2,716,560 2,469,600
Surplus/(Deficit) for Year before Transfers     2,254,710 1,260,018
Transfers from/(to) Reserves     (2,066,630) (1,120,477)
Overall Surplus/(Deficit) for Year     188,080 139,541
General Reserve @ 1st January 2006     (1,686,536) (1,826,077)
General Reserve @ 31st December 2006     (1,498,457) (1,686,536)



BALANCE SHEET AS AT 31ST DECEMBER 2006
  2006
€		 2005
€
Fixed  
Operational 200,307,480 191,418,910
Infrastructural 1,399,247,467 1,400,552,301
Community 8,890,420 8,890,420
Non Operational - -
  1,608,445,367 1,600,861,631
 
Work-in-Progress and Preliminary Expenses 66,354,871 89,110,602
 
Long Term Debtors 19,693,185 19,802,020
 
Current Assets  
Stock 233,089 228,774
Trade Debtors and Prepayments 9,638,290 4,781,881
Bank Investments 2,262,485 1,804,376
Cash at Bank 6,054,503 2,432,897
Cash on Hand 10,067 466
Urban Account 1,124,189 1,190,318
  19,322,623 10,438,712
 
Current Liabilities  
Creditors and Accruals 7,912,036 6,635,594
Finance Leases 66,652 -
  7,978,688 6,635,594
 
Net Current Assets / (Liabilities) 11,343,935 -
 
Creditors (Amounts greater than one year)  
Loans Payable 51,205,487 49,995,443
Finance Leases 142,691 -
Refundable Deposits 1,786,123 1,390,671
Other - -
  53,134,301 51,386,114
 
Net Assets / (Liabilities) 1,652,703,055 1,600,861,631
 
Financed By  
Capitalisation Account 1,608,445,357 1,600,861,631
Income WIP 68,505,482 64,672,643
Specific Revenue Reserve 1,103,774 1,103,774
General Revenue Reserve (1,386,008) (1,686,537)
Other Balances (23,965,549) (2,760,255)
 
Total Reserves 1,652,703,055 1,662,191,256


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