How does Wrexham spend its money

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  • #58566

    wxm
    Participant

    If Wrexham has debt of £126m, and interests rates are about 6%, that’s about £7.5m in interest. The accounts show £38m in finance charges, or £16m after finance income. What is the £38m spent on, and why are we spending £16m, when we could be spending £7.5m?

    The accounts show £17m paid to the CLWYD PENSION fund. People today appear to be still paying for decisions people made 15 years ago. How long will this go on for?

    #58557

    jimbow
    Participant

    We all have a go at Councillors and rightly so,but should we be looking at the 28 Key Officers earning in excess of £60,000 per annum who are leading them.We can change our Councillor but not a key officer.Are we getting value for money from these officers?I do not understand balance sheets/
    accounts in depth,but was amazed at a statement by the Chief Financial Officer to Councillors, that the Council subsidised the running of the Markets.This current year the Markets will provide a return of around £160,000 to Council coffers.Maybe some of these Chief Officers contributions to the running of our community be looked into. Just a thought.

    #58549

    thewayneinspain
    Participant
    wxm;4341 wrote:
    If Wrexham has debt of £126m, and interests rates are about 6%, that’s about £7.5m in interest. The accounts show £38m in finance charges, or £16m after finance income. What is the £38m spent on, and why are we spending £16m, when we could be spending £7.5m?

    The accounts show £17m paid to the CLWYD PENSION fund. People today appear to be still paying for decisions people made 15 years ago. How long will this go on for?

    don’t see a problem with clwyd pension fund. If a pension was promised to them, it should carry on. It will carry on long after i’m gone. I have an issue with the accountancy reporting. It should either be shown as a long term debt or asset, but that is an uk government policy.

    finance: you are not going to get the answers of figures here.

    #58567

    wxm
    Participant

    if we are paying £17m into a Clwyd pension fund, that will be to pay for decisions people made 20 years and more ago. Are we making the right decisions now so that in 20 years that generation is not having to pay for a historical commitment that could not necessarily be afforded . . .

    but moving back to Wrexham today, how does the community find out how its money is spent, and reverse the decline of Wrexham, which is underlined by the number of views of the SHOPS CLOSING forum . . .

    #58550

    thewayneinspain
    Participant
    wxm;4357 wrote:
    if we are paying £17m into a Clwyd pension fund, that will be to pay for decisions people made 20 years and more ago. Are we making the right decisions now so that in 20 years that generation is not having to pay for a historical commitment that could not necessarily be afforded . . .

    but moving back to Wrexham today, how does the community find out how its money is spent, and reverse the decline of Wrexham, which is underlined by the number of views of the SHOPS CLOSING forum . . .

    I think 17m into a pension is a fine decision. The question is finding out what agreement is in place and check if eric pickles is giving funding for it. You are not going to find the answer on here, you’ll have to put your head above the parapit and ask the council.

    Reversing wrexham’s fortunes Nothing will be done for the next three years, everything is going to say the same until the next election and if people vote for the same dinosaurs it won’t change for another four years. If you want to find out exactly how money is spent, You are not going to find the answer on here, you’ll have to put your head above the parapit and ask the council.

    You won’t though, because you wont stand up for the neo libertarian views you believe in.

    #58568

    wxm
    Participant

    we were talking about the whole Wrexham thing watching the rugby yesterday … good result by the way … and coming back to the point about asking questions … in Wrexham you just end up being character questioned

    think it is thewayneinspain that has four FOI’s in at present, between us all, we no doubt have hundreds of questions that should be answered now

    could we do one big FOI that wrexham.com could submit . . .

    #58551

    thewayneinspain
    Participant
    wxm;4368 wrote:
    we were talking about the whole Wrexham thing watching the rugby yesterday … good result by the way … and coming back to the point about asking questions … in Wrexham you just end up being character questioned

    think it is thewayneinspain that has four FOI’s in at present, between us all, we no doubt have hundreds of questions that should be answered now

    could we do one big FOI that wrexham.com could submit . . .

    foi doesn’t work like that.

    infact a government organisation can refuse FOI requests, if it believes it to be maliciously requested requests. Which a giant foi would look like.

    so what if your character is questioned? Once it’s been done a few times you stop caring :D and you start to look at it as a sign you’re on the right path with something.

    if people didn’t (& don’t) stand up and risk their character being questioned, women wouldn’t have the vote, the welsh wouldn’t have any form of autonomy, being gay would still be illegal, there wouldn’t be a minimum wage, a million other things, etc

    there are a quite few other requests in that are connected to wrexham.com.

    Personally, i think wrexhamers are better than that. And have a history of standing up for themselves.

    #58569

    wxm
    Participant

    if a reader on here can mull thoughts of “could this be malicious”, this is probably going to be a debate within the authority … so this seems a great place to start talking about it. Perhaps public officials would just like to come forward in the media and start addressing how our money is spent, and how it could be spent better

    if they got Eagles Meadow wrong as these forums suggest, what is being done today, that will be wrong tomorrow?

    #58552

    thewayneinspain
    Participant
    wxm;4375 wrote:
    if a reader on here can mull thoughts of “could this be malicious”, this is probably going to be a debate within the authority … so this seems a great place to start talking about it. Perhaps public officials would just like to come forward in the media and start addressing how our money is spent, and how it could be spent better

    if they got Eagles Meadow wrong as these forums suggest, what is being done today, that will be wrong tomorrow?

    Until people stand up for what they believe in, there will be more cock ups. So get your head above the parapit.

    I have no time for people who can’t own up to their convictions.

    #58570

    wxm
    Participant

    if the county of Wrexham today went to see the bank manager, in the days when a bank manager was a bank manager and just had double entry book keeping; they would be told the books didn’t balance, and be told to balance them and come back on Monday, or the tap will be switched off . . .

    if the community has not seen change since a year ago, and will not see change for 3 years, what will we achieve by standing up in public and told that our questions are malicious. What happened to letters being published in the paper … saying name & address supplied . . .

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