Finance Department
INCOME AND EXPENDITURE ACCOUNT STATEMENT FOR YEAR ENDED 31st DECEMBER 2007
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 2007 (€) |
Income 2007 (€) |
Net Expenditure 2007 (€) |
Expenditure 2006 (€) |
|---|---|---|---|---|
| Housing and Building | 4,009,101 | 3,750,433 | 258,668 | 447,062 |
| Roads Transportation and Safety | 30,860,043 | 24,702,743 | 6,157,301 | 5,708,842 |
| Water and Sewerage | 7,595,485 | 3,483,419 | 4,112,065 | 3,795,858 |
| Development Incentives and Controls | 3,748,221 | 1,124,367 | 2,623,854 | 2,125,092 |
| Environmental Protection | 5,880,006 | 1,233,567 | 4,646,439 | 4,428,377 |
| Recreation and Amenity | 3,733,148 | 550,702 | 3,182,446 | 2,672,304 |
| Agriculture, Education, Health and Welfare | 5,229,504 | 4,271,790 | 957,714 | 160,275 |
| Miscellaneous | 5,251,753 | 3,905,563 | 1,346,190 | 1,657,710 |
| Total Expenditure/Income | 66,307,260 | 43,022,583 |
| Net cost of programmes to be funded from Rates and Local Government Fund |
23,284,677 | 20,995,520 |
| Rates | 4,139,340 | 3,916,266 |
| Local Government Fund - General Purpose Grant | 17,773,150 | 16,617,403 |
| County Charge | 2,985,499 | 2,716,560 |
| Surplus/(Deficit) for Year before Transfers | 1,613,311 | 2,254,710 |
| Transfers from/(to) Reserves | (1,584,356) | (2,066,630) |
| Overall Surplus/(Deficit) for Year | 28,956 | 188,080 |
| General Reserve at 1st January 2007 | (1,498,457) | (1,686,537) |
| General Reserve at 31st December 2007 | (1,469,502) | (1,498,457) |
| Item | 2007 € |
2006 € |
|---|---|---|
| Fixed Assets | ||
| Operational | 210,533,700 | 200,307,480 |
| Infrastructural | 1,391,990,642 | 1,399,247,467 |
| Community | 8,890,420 | 8,890,420 |
| Non Operational | - | - |
| 1,611,414,762 | 1,608,445,367 | |
| Work-in-Progress and Preliminary Expenses | 95,885,305 | 64,984,744 |
| Long Term Debtors | 20,002,792 | 19,693,185 |
| Current Assets | ||
| Stocks | 260,413 | 233,089 |
| Trade Debtors and Prepayments | 18,519,788 | 9,688,499 |
| Bank Investments | 2,759,873 | 2,262,485 |
| Cash at Bank | 88,680 | 6,054,503 |
| Cash on Hand | 1,499 | 10,067 |
| Urban Account | 1,058,060 | 1,124,189 |
| 22,688,313 | 19,372,832 | |
| Current Liabilities | ||
| Bank Overdraft | - | - |
| Creditors and Accruals | 13,066,433 | 8,047,284 |
| Urban Account | - | - |
| Finance Leases | 119,087 | 66,652 |
| 13,185,520 | 8,113,936 | |
| Net Current Assets / (Liabilities) | 9,502,793 | 11,258,895 |
| Creditors (Amounts greater than one year) | ||
| Loans Payable | 55,310,645 | 51,205,487 |
| Finance Leases | 476,351 | 142,691 |
| Refundable Deposits | 1,847,378 | 1,786,122 |
| Other | - | - |
| 57,634,374 | 53,134,300 | |
| Net Assets / (Liabilities) | 1,679,171,279 | 1,651,247,891 |
| Financed By | ||
| Capitalisation Account | 1,611,414,762 | 1,608,445,357 |
| Income WIP | 94,511,664 | 68,120,090 |
| Specific Revenue Reserve | 1,103,774 | 1,103,774 |
| General Revenue Reserve | (1,469,502) | (1,498,457) |
| Other Balances | (26,389,421) | (24,922,873) |
| Total Reserves | 1,679,171,279 | 1,651,247,891 |
