COMHAIRLE CONTAE ÁTHA CLIATH THEAS
SOUTH DUBLIN COUNTY COUNCIL

South Dublin County Council Crest

MEETING OF SOUTH DUBLIN COUNTY COUNCIL

Monday, October 13, 2025

HEADED ITEM NO. 12

OVERDRAFT ACCOMMODATION REQUIREMENT 2026 – FOR APPROVAL

In accordance with Sections 106 (7) and 106 (3)(a) of the Local Government Act 2001 borrowing is a reserved function which requires the approval of the local authority and the  appropriate Minister.

The Council currently has an approved overdraft facility of €25M in order to provide for temporary cash flow timing differences.  The overdraft facility has been utilized twice during 2025.  It is considered prudent to renew the overdraft accommodation of €25M for the period 01/01/2026 to 31/12/2026.    Costs associated with the overdraft are limited to interest charges if the facility is used as the bank does not charge for the overdraft facility.

Accordingly, it is recommended that the Council approve, subject to the sanction of the Minister for Housing, Local Government and Heritage the securing of an overdraft accommodation (to a maximum limit of) €25m for the period 01/01/2026 to 31/12/2026.