FINANCE

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The Finance Department is involved in all the activities of the Borough Council in the exercise of its finance function.
These are covered in eight programme groups as follows:-

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1. Housing and Building
Management and provision of Local Authority housing assistance to persons
housing themselves or improving their houses; emergency housing; enforcement
of certain housing standards and controls; provision of community centres, etc.
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2. Roads, Transportation and Safety
Road upkeep and improvement; public lighting; traffic management facilities;
safety education; car parks etc.
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3. Water Supply and Sewage
Public water supply and sewage schemes; public conveniences (APCs) etc.
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4. Development Incentives and Controls
Physical planning policy; control of new development and buildings; promotion of
industrial and other development; tourist promotion; assistance to residentsí
associations; town twinning etc.
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5. Environmental Protection
Waste collection and disposal; street cleaning; burial grounds; dangerous
buildings and places; water safety; pollution control etc.
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6. Recreation and Amenity
Swimming pool; caravan park; open spaces; derelict site control; conservation
and improvement of amenities; assistance to amenity groups and grants for
cultural activities etc.
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7. Recreation; Education, Health and Welfare
Contributions to Vocational Education Committee; school meals, Services of an
educational nature etc.
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8. Miscellaneous Services
Financial management and rate collection; materials and machinery; elections; markets; corporate estate services for the Borough Council.
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The Finance Department co-ordinates the preparation of the Book of Estimates
for the consideration of the Borough Council and also presents the end-of-year
accounts to the Minister for the Environment for audit. Expenditure and income
is monitored on an ongoing basis. 
The Borough Councilís expenditure is divided into two categories - Revenue and
Capital. 
Revenue expenditure is that incurred in the day-to-day operation and
maintenance of the various services, i.e., housing, roads, water and so on. 
Such expenditure is usually of a recurring nature. Revenue expenditure is met
from rates, state grants, and miscellaneous receipts accruing from such items as
housing rents and other charges for goods and services.
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Capital expenditure may be described as that which is incurred in the creation of
fixed assets such as housing schemes, roads, water supply and sewage
schemes. 
It is usually financed by grants from the Exchequer and may also be
supplemented from receipts of a capital nature derived from the disposal of
assets or from raising loans. 
The expenditure turnover for 2000 was £11.9m.