Tuesday, 26 February 2013

Questions (471)

John McGuinness

Question:

471. Deputy John McGuinness asked the Minister for the 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]

View answer

Written answers (Question to Environment)

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

Question No. 472 answered with Question No. 466.