Summary of Accounts 2007/08
Capital Expenditure
Capital expenditure is spent on the purchase or improvement of fixed assets that have a long-term value to the Council, like land and buildings. The Council receives the benefit from the capital expenditure over a longer period of time (over one year), making it easier to spread the cost over that period.
The Council spent £267 million in 2007/08 on various programmes and a summary is included below:
| Capital Expenditure | £000s |
|---|---|
| Council Dwellings | 67,440 |
| Other Land & Buildings | 112,180 |
| Vehicles, Plant & Equipment | 1,288 |
| Infrastructure (e.g. Roads, etc) | 18,006 |
| Deferred Charges | 67,451 |
| Intangible Assets (e.g. Software Licences) | 13 |
| Long Term Loans | 788 |
267,166 |
We aim to be responsive and accountable to the residents of Manchester. Please contact Core Financial Accountancy if you wish to make any comments on this summary of accounts.
Write to us at: Core Financial Accountancy, Room 127, Corporate Services, Town Hall Manchester, M60 2JR
Telephone us at Core Financial Accountancy: 0161 234 3648
Email: t.atkinson@manchester.gov.uk
Contents of Summary of Accounts 2007/08
- Introduction
- The Cost of Council Services
- Financial Position
- Cost of Housing Services
- Capital Expenditure (this page)
