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INCOME AND EXPENDITURE ACCOUNT STATEMENT FOR YEAR ENDING 31st DECEMBER 2010

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
 GROSS EXPENDITURE
2010
 INCOME
2010
 NET EXPENDITURE
2010
 NET EXPENDITURE
2009
 Housing and Building  €6,332,563   €6,027,089   €305,474  €520,431 
 Roads Transportation and Safety  €19,935,900  €16,497,578  €3,438,322  €4,481,588 
 Water Services  €11,336,067  €3,737,958  €7,598,108  €6,420,465 
 Development Management  €4,742,800  €1,184,156  €3,558,644  €3,847,328  
 Environmental Services  €6,198,859  €1,052,220  €5,146,639  €4,716,277  
 Recreation and Amenity  €3,058,858  €307,666  €2,751,191  €3,334,480  
 Agriculture, Education, Health and Welfare  €7,535,830  €6,887,335  €648,495  €556,229  
 Miscellaneous Services  €5,981,938  €3,626,565  €2,355,374  €3,204,737 
  - - - -
Total Expenditure/Income €65,122,815 €39,320,567    
         
Net cost of Divisions to be funded from
Rates and Local Government Fund		      €25,802,248  €27,081,535 
         
 Rates      €4,876,672  €4,747,159 
 Local Government Fund - General Purpose Grant      €15,022,724  €16,036,229 
 Pension Related Deduction      €993,463  €961,562 
 County Charge      €4,361,495  €3,461,495 
         
 Surplus/(Deficit) for Year before Transfers      (€547,895)  (€1,875,090)
         
 Transfers from/(to) Reserves      €1,915,611)  (€1,357,871)
         
 Transfers from/(to) Reserves      (€2,463,505)  (€3,232,961)
         
 General Reserve @ 1st January 2010      (€4,285,150)  (€4,285,150)
         
 General Reserve @ 31st December 2010      (€7,518,111)  (€7,518,111)

 

BALANCE SHEET AT 31st DECEMBER 2010

 20102009
 FIXED ASSETS      
 Operational  €229,098,495  €222,863,566
 Infrastructural  €1,426,021,733  €1,396,421,530
 Community  €8,900,308  €8,900,308
 Non-Operational  -  -
    €1,664,020,536  €1,628,185,403
 WORK IN PROGRESS AND PRELIMINARY EXPENSES  €102,902,389  €134,392,787
 Long Term Debtors  €17,671,093  €18,210,696
 Current Assets      
 Stocks  €216,539  €214,823
 Trade Debtors and Prepayments  €9,465,093  €11,346,541
 Bank Investments  €3,019,631  €2,988,498
 Cash at Bank  -  -
 Cash in Transit  €1,498  €21,962
 Urban Account  €859,674  €925,803
    €13,562,434  €15,497,626
 CURRENT LIABILITIES (AMOUNTS FALLING DUE WITHIN ONE YEAR)      
 Bank Overdraft  €929,736  €8,824,004
 Creditors and Accruals  €17,412,420  €14,357,606
 Urban Account  -  -
 Finance Leases  €136,570  €165,000
    €18,478,726  €23,346,610
 NET CURRENT ASSETS / (LIABILITIES)  (€4,916,292)  (€7,848,984)
 Creditors (Amounts falling due after more than one year)      
 Loans Payable  €73,744,717  €62,789,825
 Finance Leases  €62,680  €170,820
 Refundable deposits  €1,654,074  €1,850,291
 Other  €331,335  0
    €75,792,807  €64,810,937
 NET ASSETS  €1,703,884,920  €1,708,128,965
 FINANCED BY      
 Capitalisation Account  €1,664,020,531  €1,628,185,398
 Income WIP    €104,164,449  €129,862,184
 Specific Revenue Reserve  €1,103,774  €1,103,774
 General Revenue Reserve  (€9,981,616)  (€7,518,111)
 Other Balances  (€55,422,218))  (€43,504,280)
      
 TOTAL RESERVES  €1,703,884,920  €1,708,128,965