[ Cork City Council - Annual Report 2020 ]
Annual Financial Statement Statement of Comprehensive Income (Income & Expenditure Account Statement)
FOR YEAR ENDING 31 ST DECEMBER 2020
The Income and Expenditure Account Statement brings together all the revenue related income and expenditure. It shows the surplus/(deficit) for the year. Transfers to/from reserves are shown separately and not allocated by service division. Note 16 allocates transfers by service division in the same format as Table A of the adopted Local Authority budget.
Gross Expenditure
Net Expenditure
Net Expenditure
Expenditure by Division
Income
2020
2020
2020
2019
Housing & Building
64,625,142
68,705,649
(4,080,507)
(128,855)
Roads Transportation & Safety
39,042,460
14,368,429
24,674,031
16,803,356
Water Services
9,414,944
9,423,712
(8,768)
627,994
Development Management
53,919,528
44,699,879
9,219,649
8,940,276
Environmental Services
36,989,434
6,529,813
30,459,621
28,612,576
Recreation & Amenity
25,106,741
1,909,111
23,197,630
22,048,065
Agriculture, Education, Health & Welfare
599,009
258,733
340,276
296,732
Miscellaneous Services
82,916,011
70,314,878
12,601,133
(4,888,188)
Total Expenditure/Income (Note 15)
€ 312,613,269
€ 216,210,204
Net cost of division to be funded from rates and local property tax
96,403,065
72,311,956
Rates
98,844,530
66,184,863
Local Property Tax
13,965,558
11,927,355
Surplus/(Deficit) for Year before Transfers (Note 16)
12,407,023
5,800,262
Transfers from/(to) Reserves (Note 14)
(12,371,837)
(5,747,464)
Overall Surplus/(Deficit) for Year
35,186
52,798
General Reserve @ 1 st January 2020
945,643
892,845
General Reserve @ 31 st December 2020
980,829
945,643
110
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