It is a matter for each local authority to manage its own finances in a prudent and sustainable manner. Under the Local Government Act 2001, a decision to borrow money is a reserved function of the elected m embers of a local authority. Section 106 of the Act determines that local authorities must obtain the consent of the appropriate Minister to undertake borrowing. Local authorities are asked, as an essential pre-condition to borrowing, to ensure that they achieve balanced revenue and capital accounts.
The total loans payable by each local authority at end 2009 and 2010 as reported in the audited Annual Financial Statements of County, City, Borough and Town Councils is set out in the table below.
Local Authority
|
2010
€
|
2009
€
|
Carlow County Council
|
40,962,899
|
41,358,897
|
Cavan County Council
|
23,829,337
|
23,819,719
|
Clare County Council
|
119,035,823
|
118,908,244
|
Cork County Council
|
514,459,652
|
550,598,407
|
Donegal County Council
|
123,324,378
|
133,027,591
|
Fingal County Council
|
443,820,638
|
493,766,630
|
D.Laoire/Rathdown County Council
|
167,651,292
|
185,010,002
|
Galway County Council
|
110,126,595
|
120,075,130
|
Kerry County Council
|
97,283,880
|
98,941,063
|
Kildare County Council
|
163,566,100
|
164,041,579
|
Kilkenny County Council
|
55,073,315
|
56,080,528
|
Laois County Council
|
129,866,968
|
120,084,235
|
Leitrim County Council
|
16,449,042
|
12,649,001
|
Limerick County Council
|
65,652,024
|
65,759,912
|
Longford County Council
|
48,865,576
|
44,303,668
|
Louth County Council
|
31,438,555
|
35,584,343
|
Mayo County Council
|
109,749,910
|
93,571,125
|
Meath County Council
|
92,862,599
|
98,072,345
|
Monaghan County Council
|
34,845,191
|
35,164,449
|
Tipp NR County Council
|
53,477,681
|
53,433,040
|
Offaly County Council
|
66,958,610
|
68,895,143
|
Roscommon County Council
|
14,573,427
|
16,807,152
|
Sligo County Council
|
73,744,717
|
62,789,825
|
Sth Dublin County Council
|
261,526,564
|
256,587,986
|
Tipp SR County Council
|
68,981,434
|
72,216,009
|
Waterford County Council
|
48,286,469
|
49,107,339
|
Westmeath County Council
|
107,922,722
|
103,320,527
|
Wexford County Council
|
166,274,246
|
153,998,217
|
Wicklow County Council
|
94,584,015
|
96,387,603
|
Cork City Council
|
179,267,917
|
197,007,867
|
Dublin City Council
|
921,257,896
|
1,248,414,574
|
Galway City Council
|
117,516,778
|
133,071,074
|
Limerick City Council
|
25,612,289
|
25,824,454
|
Waterford City Council
|
84,536,828
|
80,033,504
|
Clonmel Borough Council
|
5,021,932
|
5,250,208
|
Drogheda Borough Council
|
71,587,301
|
76,009,172
|
Kilkenny Borough Council
|
728,220
|
847,261
|
Sligo Borough Council
|
42,617,756
|
42,335,861
|
Wexford Borough Council
|
4,649,718
|
4,921,663
|
Arklow Town Council
|
65,750
|
73,038
|
Athlone Town Council
|
3,955,029
|
4,226,609
|
Athy Town Council
|
4,473,650
|
2,336,025
|
Ballina Town Council
|
81,996
|
96,056
|
Ballinasloe Town Council
|
0
|
0
|
Birr Town Council
|
299,929
|
312,814
|
Bray Town Council
|
7,453,996
|
7,477,461
|
Buncrana Town Council
|
0
|
0
|
Bundoran Town Council
|
3,282,833
|
3,535,761
|
Carlow Town Council
|
2,750,000
|
0
|
Carrick-on-suir Town Council
|
420,247
|
418,726
|
Carrickmacross Town Council
|
0
|
0
|
Cashel Town Council
|
0
|
0
|
Castlebar Town Council
|
11,965,457
|
4,771,724
|
Castleblaney Town Council
|
61,343
|
68,410
|
Cavan Town Council
|
0
|
0
|
Clonakilty Town Council
|
852,896
|
2,291,239
|
Clones Town Council
|
171,631
|
179,925
|
Cobh Town Council
|
0
|
0
|
Dundalk Town Council
|
50,381,551
|
52,766,448
|
Dungarvan Town Council
|
39,369
|
44,735
|
Ennis Town Council
|
8,546,959
|
9,212,072
|
Enniscorthy Town Council
|
4,528
|
4,978
|
Fermoy Town Council
|
574,537
|
2,322,332
|
Kells Town Council
|
58,200
|
63,009
|
Killarney Town Council
|
3,228,865
|
3,532,431
|
Kilrush Town Council
|
535,888
|
681,559
|
Kinsale Town Council
|
195,456
|
212,745
|
Letterkenny Town Council
|
9,834,861
|
6,560,140
|
Listowel Town Council
|
815,875
|
967,027
|
Longford Town Council
|
3,915,903
|
5,462,144
|
Macroom Town Council
|
0
|
0
|
Mallow Town Council
|
3,814,131
|
3,761,691
|
dleton Town Council
|
0
|
0
|
Monaghan Town Council
|
1,066,114
|
1,242,313
|
Naas Town Council
|
18,048,496
|
19,831,095
|
Navan Town Council
|
5,376,141
|
3,063,381
|
Nenagh Town Council
|
1,834,779
|
861,584
|
New Ross Town Council
|
1,072,500
|
0
|
Skibbereen Town Council
|
2,368,259
|
2,434,445
|
Templemore Town Council
|
0
|
0
|
Thurles Town Council
|
0
|
0
|
Tipperary Town Council
|
0
|
0
|
Tralee Town Council
|
15,117,088
|
21,777,374
|
Trim Town Council
|
3,048,883
|
3,199,822
|
Tullamore Town Council
|
8,357,585
|
10,881,067
|
Westport Town Council
|
5,152,959
|
4,244,487
|
Wicklow Town Council
|
5,991,184
|
7,304,973
|
Youghal Town Council
|
1,693,765
|
1,822,643
|
TOTAL
|
4,984,898,927
|
5,426,117,632
|