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
| 2010 | 2009 | |
|---|---|---|
| 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 |
