Written answers

Tuesday, 26 February 2013

Department of Environment, Community and Local Government

Local Authority Finances

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail)
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To ask the Minister for Environment, Community and Local Government the amount of money held on deposit by Kilkenny County Council and Kilkenny Borough Council; if the money is on call or of it is attracting a preferential rate on interest; and if he will make a statement on the matter. [10316/13]

Photo of Phil HoganPhil Hogan (Carlow-Kilkenny, Fine Gael)
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It is a matter for each local authority to manage its own day-to-day finances in a prudent and sustainable manner, including investment arrangements for the management of moneys received. Information on individual local authorities’ investment arrangements is not available in my Department.

The latest audited information for the two Kilkenny local authorities is set out in the following table.

2010 Audited Annual Financial Statements

Local Authority
Current Assets - Bank Investments
Current Assets - Cash at Bank
Current Assets - Cash on Hand
Total
Kilkenny County Council
31,651,683
2,440,203
23,684
34,115,570
Kilkenny Borough Council
13,155
1,349,565
559
1,363,278

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