3. Expenditure (continued)

Remuneration of highest-paid director as a multiple of median remuneration:

2022 2021

£ £

Mid-point of band of highest-paid director's total remuneration 175,000 175,000

Median total remuneration 44,097 42,576

Remuneration ratio 1:4 1:4

2022 2021

£000 £000

236 226

2 -

238 226

2022 2021

£000 £000

Dividends 56 30

Fixed interest securities 220 122

Interest receivable - cash deposits 30 56

306 208

Council members' pay and expenses:

Total pay of council members

Total expenses paid to council members

4. Investment income

Investment income relates to interest and dividends from the investment portfolio. Investment totalling £15m was made into a managed portfolio during 2020/21.