City and County of Swansea Council
The Auditor General for Wales' opinion is that the financial statements give a TRUE and FAIR view of the Council's finances.
The Council continues to face a significant financial challenge and needs to deliver its savings plans at the pace and scale required whilst controlling service spending within budgets.
The Council is also responsible for the preparation of annual returns for Swansea Bay Port Health Authority.
The Auditor General's opinion drew attention to potential uncertainty in the valuation of property assets which are part of the pension fund liability balance due to the COVID19 pandemic.
Funding and Spending£-0.80000000000007 million surplus income
How is the Council funded?
Main groupings of income
Amount of income in particular area
How much has City and County of Swansea Council spent?
Total: £902.6 Million
A breakdown of the Total Other column in the above chart:
|Total Other||£ Million|
|People - Social Services||£194.5 Million|
|People - Education||£251.7 Million|
|Housing Revenue Account||£34.3 Million|
Total: £121.4 Million
StaffStaff Costs £372.5 Million
|Number of employees whose remuneration is over £60,000 per annum||119|
|Highest paid Director||£148,584|
|Ratio between the Council’s highest paid employee and the median position||6.5:1|
|Termination - number||107|
|Termination - value||2,096,000|
What they own£1762.8 Million
|Total Assets||£1762.8 Million|
|Property, Plant and Equipment||£1457.5 Million|
|Investment Property||£55.8 Million|
|Short Term Investments||£67.6 Million|
|Cash and Cash Equivalents||£56.9 Million|
|Other Assets||£39 Million|
Property, Plant and Equipment Breakdown
What they owe£1480.6 Million
Borrowing - long term
Borrowing - short term