Rhondda Cynon Taf CBC

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

Highlights

RCT released £1.5m from the general reserve to deliver support to residents and businesses affected by flooding. The floods also damaged some of the Council's Property, Plant and Equipment, for which the estimated cost of replacement in the Annual Governance Statement to be in excess of £60m
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 Head of Internal Audit’s annual opinion on the adequacy and effectiveness of the Council’s framework of governance, risk management and control for 2019-20 is: “Effective with a small number of areas identified for improvement." There were no significant cross-cutting control issues

Funding and Spending

£-24.1 million surplus income
How is the Council funded?
£815.6 Million
Main groupings of income
Amount of income in particular area
How much has Rhondda Cynon Taf CBC spent?
£839.7 Million
Total: £839.7 Million
A breakdown of the Total Other column in the above chart:
Total Other £ Million
Employee costs £351.5 Million
Other service expenses £350.5 Million
Depreciation, amorisation and impairment £92.3 Million
Interest payments £11.5 Million
Precepts and levies £33.9 Million
Total: £99.1 Million

Staff

Staff Costs £309.8 Million
Wage variances
Number of employees whose remuneration is over £60,000 per annum 163
Median remuneration £18,612
Highest paid Director £151,000
Ratio between the Council’s highest paid employee and the median position 8:1
Termination
Termination - number 247
Termination - value 5,223

What they own

£1,353.0 Million
Total Assets£1,353.0 Million
Property, Plant and Equipment£1,202.8 Million
Debtors £88.3 Million
Investments£39.6 Million
Cash and Cash Equivalents£10.1 Million
Other Assets £12.2 Million
Property, Plant and Equipment Breakdown

What they owe

£1,153.2 Million

Borrowing - long term

£314.3 Million

Borrowing - short term

£60.8 Million