Page 2954 - Week 10 - Thursday, 15 August 1991

LAND DEVELOPMENT COSTS AND REVENUES, ACT, 1973/74 - 1987/88 Page 1

1973/74 1974/75 1975/76

Actual June 88 Actual June 88 Actual June 88

E1000 51000 51000 51000 51000 51000

(1987/88 E index) (4.1) (3.25) (2.83)

TOTAL EXPENDITUREW

Construction 525,673,278 $105,260,440 (37,020,671 $120,317,181 (35,950,242 5101,739,185

Fees $1,826,339 $7,487,990 (2,671,749 (8,683,184 $2,720,396 57,698,721

Administration costs

dividend & surpluses) 18,249,885 (33,824,529 511,907,726 (38,700,110 $11,601,191 $32,831,372

Total costs (NCDC) 535,749,502 (146,572,959 (51,600,146 $767,700,475 $50,271,829 (142,269,277

TOTAL REVENUE

Public Housing (NCDC)

Number of dwellings 642 1422 1448

Est. site value(b) $12,198,000 $27,018,000 $27,512,000

Land Sales (c)

Value (ACTH) $14,713,976 $60,327,302 $14,601,369 547,454,449 524,421,535 $69,112,944

-hand rents(ACTA) (e) $413,036 $1,693,448 $921,684 $2,995,473 (2,026,769 55,735,756

Govt. grants 8

Community facilities (2,000,000 52,000,000 $2,000,000

Total Receipts $76,218,749 $79,467,922 $104,360,700

ESTIMATED ANNUAL

SURPLUS(DEFICIT) ($70.354.209) (588.232.552) (E37.908.577)

Excluding value of

Public Housing (582,552,209) (8115,250,552) (565,420,577)

NOTES

(a)Expenditure on land servicing is based on NCDC programmes, groups 33 and 69 total spending; costs of district spending excluded.

(b)Estimated site value based on the types of blocks in the public housing programme multiplied by an estimated average site value of (19000.

(c)Data derived from Dept. of Territories annual reports.

(d)HCDC data to end of March 1988.

(e)Includes commutations. Excludes rents for government dwellings.

(f )Estimate based on 1986/87 revenue.

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