[Leading Cork to take its place as a World Class City] __________________________________________________________________________________________________________________________
Finance & Governance
Annual Financial Statement
Statement of Comprehensive Income (Income & Expenditure Account Statement) FOR YEAR ENDING 31 ST DECEMBER 2021
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 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
Notes
Income
2021
2021
2021
2020
€
€
€
€
Housing & Building
71,564,999
71,709,908
(144,909)
(4,080,507)
Roads Transportation & Safety
41,650,637
15,237,303
26,413,334
24,674,030
Water Services
9,769,170
9,355,782
413,387
(8,767)
Development Management
17,886,422
9,099,581
8,786,841
9,219,649
Environmental Services
37,630,175
6,487,759
31,142,417
30,459,621
Recreation & Amenity
26,817,683
2,395,571
24,422,111
23,197,629
Agriculture, Education, Health & Welfare
587,641
245,358
342,283
340,276
Miscellaneous Services
56,044,769
49,773,491
6,271,278
12,601,133
Total Expenditure/Income
15
261,951,496
164,304,754
Net cost of Divisions to be funded from Rates & Local Property Tax
97,646,742
96,403,064
Rates
94,112,184
94,844,530
Local Property Tax
15,490,859
13,965,558
Surplus/(Deficit) for Year before Transfers
16
11,956,300
12,407,025
Transfers from/(to) Reserves
14
(11,896,284)
(12,371,837)
Overall Surplus/(Deficit) for Year
60,017
35,187
General Reserve @ 1 st January 2021
980,825
945,638
General Reserve @ 31 st December 2021
1,040,841
980,825
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