Alan Kelly (Tipperary North, Labour) | Oireachtas source

The Minister for Finance, in the Exchequer Statement for 2014, reported that €491 million was collected in local property tax in 2014. Some €483.5 million from the local property tax was paid into the local government fund during 2014. A further €7.7 million was paid into the fund in January 2015. This related to the local property tax collected in the last week of 2014. The annual accounts of the local government fund for 2014 are in the process of being finalised and the Comptroller and Auditor General will commence the audit of these accounts this month. The accounts are prepared on an accruals basis and expenses are, therefore, matched with the related revenues and are reported when expenses occur and not when the cash is paid.

Estimated 2014 figures show the following payments from the local government fund for 2014: general purpose payments of €281 million; recoupment of local authority water services capital loans of €47. 4 million; payments in respect of group water schemes of €21. 7 million; local government innovation and reform payments of €6.6 million; payment to the Department of Transport, Tourism and Sport of €372.4 million; payment to the Exchequer of €520 million; subvention to Irish Water of €439.1 million; and miscellaneous payments of just more than €1.6 million.

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