Cork City Council Annual Report 2021

[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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