Carmarthenshire County Council

The Auditor General for Wales' opinion is that the financial statements give a TRUE and FAIR view of the Council's finances.

Highlights

The Council has maintained a sustainable financial position to date but will need to continue to deliver savings given anticipated budget pressures.

The Council paid £3.5m in COVID19 business grants before 31 March 2020. In conjunction with Hywel Dda Health Board, the Council spent £1.3m expenditure on the set up of five surge hospitals in the area.

The Council is also responsible for the preparation of annual financial statements or returns for Dyfed Pension Fund, Wales Pension Partnership, Swansea Bay Region City Deal and Burry Port Harbour Authority.

The Council received £3.1m from Welsh Government to undertake repairs required as a result of storm Callum.

The Auditor General's opinion drew attention to potential uncertainty in the valuation of surplus assets and investment assets and also property assets which are part of the pension fund liability balance due to the COVID19 pandemic.

Funding and Spending

£-76.9 million surplus income

Income How is the Council funded?

Total Income £680.4 Million

Overview of Income Main groupings of income

Detailed breakdown of Income Amount of income in particular area

Expenses How much has Carmarthenshire County Council spent?

Total Expenditure £757.3 Million

Revenue Expenditure Total: £757.3 Million

A breakdown of the Total Other column in the above chart:

Total Other	£ Million
Chief Executive	£23.9 Million
Education and Children	£235.6 Million
Corporate Services	£73.4 Million
Communities	£174.9 Million
Environment	£78.7 Million
Housing Revenue Account	£39.3 Million
Insurance and Corporate	£0.7 Million
Precepts and Levies	£34.1 Million
Interest Payable	£27.6 Million

Capital Expendituree Total: £69.1 Million

Staff

Staff Costs £216.6 Million

Wage variances
Number of employees whose remuneration is over £60,000 per annum	120
Median remuneration	£23,360
Highest paid Director	£147,900
Ratio between the Council’s highest paid employee and the median position	6.33:1

Termination
Termination - number	97
Termination - value	1,497,000

What they own

£1517.7 Million

Total Assets	£1517.7 Million
Property, Plant and Equipment	£1354.7 Million
Investment Property	£23.2 Million
Debtors	£80.3 Million
Short Term Investments	£12.1 Million
Cash and Cash Equivalents	£42.1 Million
Other Assets	£5.3 Million

Property, Plant and Equipment Breakdown

What they owe

£1031.4 Million

Borrowing - long term

£409.8 Million

Borrowing - short term

£25.7 Million