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Local council records largest surplus in over five years

Apr 16, 2021 16:04 By News Northern Sound
Local council records largest surplus in over five years Local council records largest surplus in over five years
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The surplus will now be used to reduce Monaghan County Council's deficit.

Monaghan County Council has recorded its "biggest surplus in five to ten years" despite Covid-19 restrictions.

At the end of the 2020 calendar year, the Local Authority had a surplus of over €358,000.

The Council also received a payment of close to €1.16 million from the Department of Housing, Local Government, and Heritage.

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Monaghan County Council says this payment "helped minimise the impact of reductions in Good and Services income and to help meet the costs associated in responding to the pandemic".

Fianna Fáil's Raymond Aughey noted that councillors are "always calling to drive down the deficit" and praised the Head of Finance, John Murray, and his team for their "prudent care" of the county's finances.

Councillor Aughey passed a motion seeking the transfer of this surplus to the reserve account and told Northern Sound that this has resulted in a 15% reduction of the deficit:

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You can hear more about Councillor Aughey's motion below:

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