Longford Co Council unveiled its financial statement during this month’s meeting which took place on Wednesday evening at the authority’s headquarters in the country town.
Expenditure for 2013 amounted to €39.6m while income on the the account amounted to €39.71m. “A modest surplus of €105,000 was recorded which has reduced the accumulated revenue deficit to €196,000. “Transfers from the income and expenditure account amounted to €1.59m compared with €1.8m the previous year,” said Financial Director Barry Lynch. “The operating result includes the provision of €361,000 for the costs of a voluntary redundancy scheme which was availed of by seven staff. Savings will start to accrue from this scheme during 2014 and payroll savings under the Haddington Road Agreement helped finance the cost. With the exception of commercial water charges arrears have increased over the council’s main income sources, and as a result provision for doubtful debts has been increased by €473,000.”
The Leader has also learned that it has cost the local authority over €6m to upgrade and hand over local water services to Irish Water. See next Wednesday’s Leader for more details!