Concern at Council's €6m deficit
WEXFORD COUNTY Council managed to close a deficit of over six million Euros by just €36,128 in 2011.
The revenue account surplus for 2011 totalled €36,128 – giving the council a closing deficit balance of €6.32 million.
This deficit in the revenue account balance is an 'ongoing cause for concern', according to the Head of Finance Annette O'neill who has set out that it will be difficult to improve the position in the short to medium term.
In her report, the Head of Finance explained that this small surplus was generated in the context of ongoing financial difficulties associated with the current economic climate for the council and the community generally.
She explained that expenditure levels were assisted by reduced pay costs and areas of reduced activity and complemented by ongoing cost control measures.
Business areas that continued to present particular financial challenges during 2011 were Waste Management and Water Services, where Ms. O'neill explained that additional demands from regulatory agencies made these services more costly and difficult to deliver.