FOI request (FOIR-509123726)

Council debt and asset sales

Requested Wed 19 April 2023
Responded Thu 04 May 2023

Please advise:

1. The current total of your General Fund debt.

2. The total interest payments on your General Fund debt paid in the financial year 2022/23.

3. The total revenue you obtained from the sale of General Fund assets, including buildings and land, in the financial year 2022/23.

4. The estimate (if any) you have on the number of new homes that have been built or are due to be built on the land and buildings that you sold from your General Fund assets in the financial year 2022/23.

Response

1. The total outstanding debts, as at 31st March 2023, was £65,421,204.

2. The interest paid for 2022/23 was £1,996,761.

3. Capital receipts received from the sale of General Fund assets in 2022/23 was £5,589,782.

4. 140 homes are expected to be built on land sold by the Council in 2022/23.