Finance Department
INCOME AND 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 |
