This article is from page 17 of the 2007-05-15 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 17 JPG
THE Annual Financial Statement for Clare County Council for 2006 shows a positive operating result of om ceueeELetF
The report shows that the result, taken together with the reduction of corporate loan repayments of €0.9 million, reduced the cumulative rev- enue deficit of the council to €2.9 million.
The reduction of the corporate loan is an accounting adjustment required to reflect the principal repaid on the loan since it was drawn down in late 2003.
The council had additional income of €7.2 million which arose primari- ly from the roads and infrastructure area where additional allocations of €4.5 million were received in the year.
Income received from planning applications came in €0.7 million
above budget.
Income from the council’s waste management facility was down €0.75 million as compared to figures anticipated at the council’s half-year report for 2006.
Fire certificate income contributed an additional €0.2 million and water and waste water connection fees con- tributed €0.5 million.
In addition to these figures, €47.9 million was received in respect of rates local government fund and LOTT AIA Yael t-Nuexer
Expenditure on roads was €5.9 mil- lion above the budgeted level. This can be explained due to increased Central Management Charge alloca- tion of €0.5 million and increased county road maintenance of €0.55 million. Expenditure on the water services programme was greater than budget by €0.4 million. This was driven mainly by additional expendi- ture on operational and maintenance
of water and waste water plants and networks.
Development incentives and con- trol expenditure was €0.9 million above budget. Increased numbers of planning applications is reflected in additional income of €0.7 million and also in additional operating ex- penditure of €0.2 million.
In 2006, the gross value of the council’s fixed assets increased by €150.5 million. This related prima- rily to an increase in local authority water and wastewater assets arising from the 2004 takeover of Shannon Town services from Shannon Devel- opment.
The balance sheet also includes an increase in local authority housing stock, Beechpark machinery yard and plant acquisitions. Road projects accounted for 50 per cent of expendi- ture on capital projects, with €6/7 million spent in 2006. The major el- ement in this was the Ennis bypass.