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Finance Department

INCOME & EXPENDITURE ACCOUNT STATEMENT FOR YEAR ENDING 31st DECEMBER 2008

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 DIVISION NOTES GROSS EXPENDITURE 2008 INCOME 2008 NET EXPENDITURE 2008 NET EXPENDITURE 2007
Housing & Building   €5,433,916 €4,545,792 €888,124 €258,668
Roads Transportation & Safety   €22,596,301 €18,673,821 €3,922,480 €6,157,301
Water Services   €9,866,891 €4,581,413 €5,285,478 €4,112,065
Development Management   €5,366,782 €1,664,585 €3,702,198 €2,623,854
Environmental Services   €6,787,821 €1,656,306 €5,131,515 €4,646,439
Recreation & Amenity   €4,002,131 €375,786 €3,626,345 €3,182,446
Agriculture, Education, Health & Welfare   €5,444,117 €4,950,995 €493,122 €957,714
Miscellaneous Services   €6,145,167 €3,199,879 €2,945,287 €2,945,287 €1,346,190
    - - - -
Total Expenditure/Income 16 16 €65,643,126 €39,648,577    
           
Net cost of Divisions to be funded from Rates & Local Government Fund       €25,994,549 €23,284,677
           
Rates       €4,700,580 €4,139,340
Local Government Fund - General Purpose Grant       €18,731,673 €17,773,150
County Charge       €3,281,063 €2,985,499
           
Surplus/(Deficit) for Year before Transfers 17     €718,766 €1,613,311
           
Transfers from/(to) Reserves 15     (€2,357,131) (€1,584,356)
           
Overall Surplus/(Deficit) for Year       (€1,638,365) €28,956
           
General Reserve @ 1st January 2008       (€1,469,501) (€1,498,457)
           
General Reserve @ 31st December 2008       (€3,107,866) (€1,469,501)


BALANCE SHEET AT 31st DECEMBER 2008

  NOTES 2008 2007
FIXED ASSETS 1    
Operational   €214,259,057 €210,533,700
Infrastructural   €1,392,357,995 €1,391,990,642
Community   €8,900,308 €8,890,420
Non-Operational   - -
    €1,615,517,360 €1,611,414,762
WORK IN PROGRESS AND PRELIMINARY EXPENSES 2 €122,254,811 €95,885,305
Long Term Debtors 3 €18,799,493 €20,002,792
Current Assets      
Stocks 4 €200,367 €260,413
Trade Debtors & Prepayments 5 €15,611,722 €18,519,788
Bank Investments   €2,856,327 €2,759,873
Cash at Bank   - €88,680
Cash on Hand   €1,498 €1,499
Urban Account 7 €991,931 €1,058,060
    €19,661,846 €22,688,313
CURRENT LIABILITIES (AMOUNTS FALLING DUE WITHIN ONE YEAR)      
Bank Overdraft   €9,561,660 -
Creditors & Accruals 6 €13,712,745 €13,066,433
Urban Account 7 - -
Finance Lease   €119,087 €119,087
    €23,393,492 €13,185,520
NET CURRENT ASSETS / (LIABILITIES)   (€3,731,646) €9,502,793
Creditors (Amounts falling due after more than one year)      
Loans Payable 8 €57,118,747 €55,310,645
Finance Leases   €439,949 €476,351
Refundable deposits 9 €1,841,667 €1,847,378
Other   0 0
    €59,400,363 €57,634,374
NET ASSETS   €1,693,439,654 €1,679,171,279
FINANCED BY      
Capitalisation Account 10 €1,615,517,355 €1,611,414,762
Income WIP 2 €117,114,410 €94,511,665
Specific Revenue Reserve   €1,103,774 €1,103,774
General Revenue Reserve   (€3,107,866) (€1,469,501)
Other Balances 11 (€37,188,019) (€26,389,422)
       
TOTAL RESERVES   €1,693,439,654 €1,679,171,278