Neath Port Talbot 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 issued an unqualified opinion on his audit of Neath Port Talbot Council.

The Auditor General's opinion drew attention to a potential uncertainty in the valuation of UK property fund assets which are part the pension fund balance due to the Covid-19 pandemic.

Neath Port Talbot Council prepared its draft financial statements by 29 May 2020 which was 2 weeks before the statutory deadline of 15 June 2020.

The Council has maintained a sustainable financial position to date, it has a good track record of delivering services within agreed budgets and achieved the majority of its planned savings.

The Council invested £34.6m in property, plant and equipment in 2019-20, progressing the 21st Century schools programme and regeneration projects as well as other capital improvements.

Funding and Spending

£-76.1 million surplus income

Income How is the Council funded?

Total Income £480.3 Million

Overview of Income Main groupings of income

Detailed breakdown of Income Amount of income in particular area

Expenses How much has Neath Port Talbot Council spent?

Total Expenditure £556.4 Million

Revenue Expenditure Total: £556.4 Million

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

Total Other	£ Million
Education, Leisure and Lifelong Learning	£174.6 Million
Social Services, Health and Housing	£121.9 Million
Environment	£89.8 Million
Corporate Services	£26.6 Million
Other Housing Services	£45.7 Million
Other Central Services	£18 Million
Community Counil Precepts	£2 Million
Precepts and Levies (Poilce and Fire)	£19.7 Million
Interest Payable	£22.8 Million
Losses on Disposal and Impairment of Non Current Assets	£0.4 Million

Capital Expendituree Total: £34.9 Million

Staff

Staff Costs £201.7 Million

Wage variances
Number of employees whose remuneration is over £60,000 per annum	93
Median remuneration	£23,369
Highest paid Director	£142,485
Ratio between the Council’s highest paid employee and the median position	6:1

Termination
Termination - number	64
Termination - value	1,126,000

What they own

£819.8 Million

Total Assets	£819.8 Million
Property, Plant and Equipment	£709.1 Million
Heritage Assets	£1.2 Million
Assets Held for Sale	£42.8 Million
Investments	£57.4 Million
Cash and Cash Equivalents	£3.3 Million
Inventories	£0.7 Million

Property, Plant and Equipment Breakdown

What they owe

£869.4 Million

Borrowing - long term

£297.1 Million

Borrowing - short term

£13.7 Million