Archived decisions
15g |
Developers' contributions |
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Developers' contributions arise mainly as a result of agreements under |
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Section 278 of the Highways Act 1980. If a development derives special |
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benefit from highway works, developers can be required to |
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contribute towards the costs. Before being applied, deposits are credited |
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with interest on the basis of market rates. As such the carrying amount |
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is a reasonable assessment of the fair value of the financial liability. |
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Highways |
2006/07 |
2007/08 | |||||
Highways |
Other |
Total |
Highways |
Other |
Total | ||
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
£'000 | ||
Balance at 1 April |
30,010 |
0 |
30,010 |
31,382 |
16 |
31,398 | |
Income |
9,937 |
16 |
9,953 |
9,229 |
0 |
9,229 | |
Contributions applied |
8,565 |
0 |
8,565 |
9,012 |
16 |
9,028 | |
Balance at 31 March |
31,382 |
16 |
31,398 |
31,599 |
0 |
31,599 | |
61 |
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