Vale of Glamorgan 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 report drew attention to uncertainties expressed by the Council concerning its land and building assets and upon its share of pension fund property assets arising from the Covid-19 pandemic.

£3.725m of Welsh Government backed business relief grants were paid during March 2020 to support local businesses as a result of the Covid-19 pandemic.

During 2019/20, £15 million has been spent by the Council on new or improved school building projects as part of the Welsh Government's 21st Century School's investment programme.

While the Council continues to face financial challenges, its general reserves remained stable at £12.8 million and the Council's overall level of usable reserves increased to £111.1 million - an increase of some £6 million.

Funding and Spending

£-18.4 million surplus income

Income How is the Council funded?

Total Income £408.7 Million

Overview of Income Main groupings of income

Detailed breakdown of Income Amount of income in particular area

Expenses How much has Vale of Glamorgan County Borough Council spent?

Total Expenditure £427.1 Million

Revenue Expenditure Total: £427.1 Million

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

Total Other	£ Million
Learning & Skills	£139.3 Million
Social Services	£79.1 Million
Visible & Housing Services	£45.5 Million
Housing Revenue Account	£14 Million
Managing Director & Resources	£67.1 Million
Precepts & Levies	£24.4 Million
Interest payable & similar charges	£7.3 Million
Net interest on defined benefit liability	£5 Million

Capital Expendituree Total: £45.4 Million

Staff

Staff Costs £148.3 Million

Wage variances
Number of employees whose remuneration is over £60,000 per annum	72
Median remuneration	£22,501
Highest paid Director	£166,099
Ratio between the Council’s highest paid employee and the median position	6:1

Termination
Termination - number	26
Termination - value	352,000

What they own

£826.9 Million

Total Assets	£826.9 Million
Property, Plant and Equipment	£691.5 Million
Debtors	£34.5 Million
Investments	£87.1 Million
Cash and Cash Equivalents	£13.2 Million
Other Assets	£0.6 Million

Property, Plant and Equipment Breakdown

What they owe

£495.1 Million

Borrowing - long term

£152.3 Million

Borrowing - short term

£2.6 Million