Sitemap | Privacy Statement

Marie Leydon: Head of Finance
Telephone: 071-9111121

Breda Ronayne: Administrative Officer
Telephone: 071-9114417 

The structure of Activities within the Finance Department of Sligo Borough Council include the following areas: Billing for Income, Traffic and Parking Management, Income Processing, Payments Processing and Payroll Processing.

Income is processed from the following sources - The Cash Desk Receipting area at the Finance Office of the Town Hall, Standing Order Payments received through the Bank, Revenue Collectors and via the household budgeting process of An Post.

The charge for Rent is accrued on a weekly basis in conjunction with the housing Department.  Loan accruals are run on a monthly basis following the administration of the loan set-up process within Housing.  Redemption figures and balances are available from Finance.  The Calculation of TRS - Tax Relief at Source is processed by the Finance Department.

See Rates under separate section

Local Authorities are subject to National and EU public policy in relation to Tendering/Procurement.

Prompt Payments of Accounts Act 1997.

The prescribed payment date is 45 days from receipt of invoice where no contract or from receipt of goods whichever is later.

As part of Better Local Government (BLG) the Department of the Environment and Local Government introduced a new Financial Management System (FMS). 

Phase 1 of the Financial System AGRESSO Business World was introduced in June 2001 and Phase 11 in May 2003. 

This involved the introduction of a full double-entry system of accounts operated on the accruals concept, which has replaced the traditional approach of preparing accounts on a receipt and expenditure basis. The Accruals concept indicates that income and expenditure are recognised as they are earned or incurred, not as money is received or paid.

It is vital that cash is managed properly to ensure that funds are in place to make payments. There is constant dialogue with other departments to monitor activities revolving around funding from Capital Grants and borrowings.

The Annual Financial Statement (AFS) is the Boroughs financial position at the end of the year.  The structure of the AFS has been changed to bring it into line with modern reporting formats.  This will lead to full Balance Sheet Accounting presented in the Statement of Balances.  For a copy of the most recent Audited AFS contact Marie Leydon 071-9111121 or email mleydon@sligoborough.ie

The Finance Department is responsible for the preparation of the overall budget in consultation with each Department of the Council.  Revenue Expenditure and Income are broken down into 8 divisions reflecting day-to-day activity in all areas with which the council is involved.  The prescribed period for the holding of a budget meeting shall be determined by the Minister for the Environment, Heritage and Local Government.  2011 Borough Council Budget

This Code of Practice specifies the principles and practices of accounting required to prepare an Annual Financial Statement (AFS).  The primary issue is for the AFS to ‘present fairly’ the financial position and transactions of the authority.

The accounts of the Borough are audited on a yearly basis by the Local Government Auditor.