Kerry County Council increased spending last year but retained a surplus

Kerry County Council increased its spending last year but income also increased resulting in a surplus.

That’s according to the annual financial statement for 2016, as presented at Kerry County Council’s monthly meeting.
During 2016, Kerry County Council’s income from both capital and revenue sources was €185.7 million; their expenditure was €172.5 million.

The council had a surplus of €83,478 and an accumulated revenue reserve of €6.3 million at the end of 2016.

Head of Finance Angela McAllen says this is a very positive reflection on both the elected members and the continuing efforts of staff in maximising revenue and resources, achieving better value for money, and increasing efficiencies.

She believes the balance on the account is considered prudent.

She says the ongoing financing of the council is not without challenges, with significant investment needed to deliver the Action Plan for Jobs, as well as developing greenways.

The council says its reliance on locally sourced income is increasing and it’ll continue to maintain and strengthen their focus on debt collection.