Kerry County Council ended 2020 with a modest, positive financial outturn.
That's according to the council's Annual Financial Statement 2020.
Head of Finance, Angela McAllen, briefed councillors on the council's financial state at the recent monthly meeting.
Angela McAllen writes in the statement that the pandemic has had a severe impact on the local income levels which are vital to the running of Kerry County Council.
She says the impact of the pandemic on the Council's finances has continued into 2021 and it is very likely to have an ongoing impact in the coming years.
The statement outlines that government supports received by the Council, as compensation for commercial rates and local income, were crucial.
It adds the recoupment of COVID-19 related expenditure and cost containment measures/deferral of works have also enabled the council to finish the year showing a modest positive outturn.
Overall expenditure for the council in 2020 is listed as €295,244,136, while overall income for the year was €300,097,146.
The statement says that the collection of commercial rates was severely impacted, however the level of collection of commercial rates for 2020 was 80%.
Angela McAllen also added that while the 2020 statement reflects a minor surplus on the Revenue Account, the financial outlook for 2021 and the coming years for the council is very uncertain, given the overall economic impact of the pandemic on the Council's financial position.
