Conwy County Borough 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 Auditor General's opinion drew attention to potential uncertainty in the valuation of property assets and also property assets which are part of the pension fund liability balance due to the Covid-19 pandemic

The Council spent £30.3m acquiring new property, plant and equipment and maintaining and enhancing existing assets

The balances and reserves held by the Council amount to £14.3m. They are among the lowest in Wales relative to the size of the Council

The storms and flooding events in the last quarter of the financial year required additional and unexpected funding of £0.6m associated with both the initial response and then recovery actions.

The Council has received £7.5m of additional financial support from the Welsh Government to help meet the significant additional financial pressures caused by the Covid-19 pandemic.

Funding and Spending

£-154.7 million surplus income

Income How is the Council funded?

Total Income £241.4 Million

Overview of Income Main groupings of income

Detailed breakdown of Income Amount of income in particular area

Expenses How much has Conwy County Borough Council spent?

Total Expenditure £396.1 Million

Revenue Expenditure Total: £396.1 Million

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

Total Other	£ Million
Employee benefits expenses	£148.8 Million
Employee benefits expenses of voluntary aided and foundation schools	£19 Million
Other services expenses	£185.8 Million
Depreciation, amortisation, impairment	£12.5 Million
Interest payments	£7.4 Million
Precepts	£22.4 Million
Loss on the disposal of assets	£0.2 Million

Capital Expendituree Total: £30.3 Million

Staff

Staff Costs £150.4 Million

Wage variances
Number of employees whose remuneration is over £60,000 per annum	44
Median remuneration	£20
Highest paid Director	£121
Ratio between the Council’s highest paid employee and the median position	5.97:1

Termination
Termination - number	83
Termination - value	1

What they own

££576.9 Million

Total Assets	££576.9 Million
Property, Plant and Equipment	£496.1 Million
Investment Property	£12.1 Million
Debtors	£47.5 Million
Short Term Investments	£9.2 Million
Cash and Cash Equivalents	£6.7 Million
Other Assets	£5.3 Million

Property, Plant and Equipment Breakdown

What they owe

£454.3 Million

Borrowing - short term

£83.2 Million

Borrowing - long term

£114.1 Million