Municipal Finances

Local authorities finance their annual expenditure out of taxes, central government transfers, various charges and sales revenues. Local income tax paid by residents, real estate tax and a share of corporate tax account for almost half of all municipal revenues. Each local authority decides independently on its income tax rate. The average local tax rate is 19,38 percent of taxable income.

MUNICIPALITY OF SIMO
INCOME STATEMENT

   2012  2011  2010
   Eur thousand  Eur thousand  Eur thousand
Operating revenue  1 790  1 563  2 448
Operating expenses -20 446   -19 111  -19 426
Staff expendoture  5 720  5 515  9 384
Services purhased  13 266  12 309  8 345
Raw materials and consumbles  923  815  1 076
Grants  288  253  420
Other operating expenditure  249  203  202
Operating marigin  -18 656  -17 548  -16 978
Tax revenues  10 537  10 152  10 320
State grants  9 101  8 744  8 720
Annual margin  853  1 255  1 942
Depreciations and reductions in value  -654  -595  -623
Exraordinary items  0  0  0
Net result for financial year  198  660  1 319
       
Key Figures      
Operating revenue/Operating expenditure, %  8,8  8,2  12,6
Annual margin/Depreciation on fixed assets, %  130  211  312
Annual margin, Eur/Inhabitants  248  365  556
Number of inhabitants  3 435  3 441  3 490

 

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