Cardiff 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 purchased the Red Dragon Centre site with a view to developing a new arena for the City.
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
The Council paid £23.265m of COVID 19 grants to support local businesses.
The Council prepares Group Accounts which consolidates its own accounts with those of Cardiff City Transport Services Ltd, a company 100% owned by the Council.
The Council's General Fund has remained stable at £14.2m at 31 March 2020, with total usable reserves increasing during the year to £89.9m an increase of £4.0m.
The Council spent £41.5m on major refurbishments of Council Dwellings

Funding and Spending

£35.7 million surplus income
How is the Council funded?
£1,225.1 Million
Main groupings of income
Amount of income in particular area
How much has Cardiff Council spent?
£1,189.4 Million
Total: £1,189.4 Million
A breakdown of the Total Other column in the above chart:
Total Other £ 63.3 Million
Corporate Management £19.7 Million
Economic Development £54.0 Million
Education & Lifelong Learning £314.3 Million
Governance & Legal Services £8.7 Million
Harbour Authority £8.5 Million
Housing Revenue Account £65.0 Million
Housing & Communities £233.2 Million
Performance & Partnerships £8.4 Million
Planning Transport and Environment £115.9 Million
Resources £33.2 Million
Social Services £211.5 Million
Other Expenditure £63.3 Million
Financing expenditure £53.7 Million
Total: £151.4 Million

Staff

Staff Costs £487.3 Million
Wage variances
Number of employees whose remuneration is over £60,000 per annum 206
Median remuneration £25,901
Highest paid Director £180,423
Ratio between the Council’s highest paid employee and the median position 6.96:1
Termination
Termination - number 232
Termination - value 4,628,000

What they own

£2,348.1 Million
Total Assets£2,348.1 Million
Property, Plant and Equipment£1,841.6 Million
Heritage Assets£58.6 Million
Investment Property£178.5 Million
Intangible Assets£2.3 Million
Long Term and Short Term Investments£85.8 Million
Long Term and Short Term Debtors£141.3 Million
Cash and Cash Equivalents£36.0 Million
Assets Held for Sale£1.9 Million
Other Assets£2.1 Million
Property, Plant and Equipment Breakdown

What they owe

£1,868.4 Million

Borrowing - long term

£807.50 Million

Borrowing - short term

£29.70 Million