P. 1
Surat_CDP

Surat_CDP

|Views: 4,575|Likes:
Published by Ajay

More info:

Published by: Ajay on Mar 13, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

11/24/2012

pdf

text

original

SMC funds its capital works by way of grants and loans from the
state and central governments and other institutions under
different project specific schemes. It also utilises revenue
surpluses on capital works. The capital account deficit for the
years 2000-01 was Rs. 8593 lakhs. There was an excess during
the year 2004-05 to the tune of Rs. 5248 lakhs indicating non
utilisation to the complete extent of the new loans and grants.

SMC maintains a capital fund, which comprises special purpose
grants from the SMC itself and the revenue surpluses transferred
to meet the capital needs.

CAPITAL INCOME

SMC is empowered by the BPMC Act to levy a betterment
charge for increase in the value of land and building, if they are a
result of a scheme of improvement, clearance or are
developments carried out by the corporation. SMC levies an
incremental contribution termed as a betterment charge, which is
realised from the landowners, at a rate equal to one half of such
increase in the value of the land. The revenue under this head has
shown a constant rise from Rs. 24 lakhs during 2000-01 to about
Rs.57 lakhs during 2004-2005.

A major share of the capital income is also contributed by the
capital profit on sale of fixed assets which is fluctuating and
current in nature. The income under this head was as high as Rs.
6206 lakhs during 2000-01. During 2004-05, the income from
this head is Rs. 1758 lakhs. During the same year capital
contributions from the public were also high at Rs. 469 lakhs.

CAPITAL EXPENDITURE

By the end of the year 2004-05, the roads and bridges sectors
became the most prioritised sector with 37 percent of the capital
expenditure being incurred on them. The highest growth in
expenditure is also under this head with a total expenditure of
Rs. 4655 lakhs in 2000-01 to Rs. 6524 lakhs in 2004-05. Capital
works under this head include conversion of major roads to
cement concrete roads and construction of new flyovers. The
share of this sector during 2000-01 was 22 percent of the total
capital expenditure. Water supply is next in order with a share of
23 percent followed by expenses on procuring machinery and
equipment. The amount spent on capital works in water supply
was an average of about Rs. 2650 lakhs per year during 2001-05
and remains one of the most prioritised sectors. Sewerage and
drainage sector also received priority with 8 % of investment
during 2004-05 at Rs. 1392 lakhs spent.

Capital expenditure during the last five years by the SMC has
followed the planned expenditure pattern under the first CCP
prepared in 2001.

Capital Account - Summary

Capital Income (2004-05)

Capital Expenditure (2004-05)

1 >

1 @ ;

+ K !

%(14(

# & -
=

##1%*

4 - - = 7

+E(%(1%)
5 ! A 5'*1$#
% ! -

&

' K -

$1$$

( K - =,

$1$$

) , =

#4%$14#

! ,

5'%'1))

1 >

&
( B "3

"
: -J

@

++(#1#4 '1($

K

+%'%1%* )1*%

4+'1+$ +1)+
K '%#41(# 4(14+
A 6 @

+4*#1$* (1*'

<

5$451*+ #41$(
E . A "0 +)5(1)+ +$1%(
: A 1 "0 ++51'% $1''
-- "0

#5414( +14*
= E = 7 = #('1'$ +1%)
. = 7 $1$$

$1$$

! "7

+(5)(1$) +$$1$$

,

"7
6 -

8

/ 1 @ ; 3
#$$$&$+ +#+5'1%%

#$(4*1#( /)%*#1(#3

#$$+&$# +4*##1''

+%*#(14( /#$$51(+3

#$$#&$4 +'*'1+*

+'E'5$15* /+5*5514$3

#$$4&$5 %4(51*(

+(E#($1$' /++)*%1$*3

#$$5&$% 5'%'1))

+(E5)(1$) /+#)4$1$#3

Surat City Development Plan (2006-2012) 101

CAPITAL ACCOUNT – DEFICIT

The deficit of income over expenditure was an average of Rs. 33
lakhs during the last five years which has come down from a
high of Rs. 13737 lakhs during 1999-00. This is contributed
mainly by the planned programme intervention of SMC through
the first City Corporate Plan prepared in 2001. Revenue
surpluses transferred to the capital fund and loans secured from
national and international lending agencies like the World Bank,
state government, LIC, HUDCO etc are effectively scheduled to
manage the capital account deficit.

LOANS

The capital account is largely dependent on loans to take up new
capital works. The borrowings of SMC during 2001-2005 are
from the state government, HUDCO, NHB, World Bank,
commercial banks and from the open market. Short-term loans
obtained during 1998-2000 were converted to long-term loans
from 2000-01. New loans to the extent of Rs. 125 Crores are
procured during the period 2001-05 to take up a large number of
planned capital works for the overall development of the city of
Surat.

New Loans taken by SMC during 2000-01 to 2004-05 (Rs. Lakhs)

Outstanding Loans

The total outstanding loan amount with SMC at the end of the
financial year 2004-05 as on 31st

March 2005 is Rs. 2602 lakhs.
This includes new loans obtained during 2000-01 to 2004-05
from open market and National Housing Bank.

Outstanding Loans as on 31st

March

2005 (Rs. Lakhs)

@

#$$$&$+ #$$+&$# #$$#&$4 #$$4&$5 #$$5&$%

@ @

. ; 6 &

&

&

&

&

?

&

&

&

&

&

< K ;

&

&

&

&

&

@,!

&

&

&

&

&

> 6!

#$(1*( &

&

&

&

> K ; +E45(1)5 &

&

&

&

! K ;

#E(%$1$$ &

&

&

&

&

)#''1$$ &

&

&

@

&

&

&

&

&

@

1 @ ;

@ @

. ; 6

+E%4(1$$

?

$1$$

< K ;

$1$$

@,!

$1$$

> 6!

$1$$

> K ;

+$'%1$$

! K ;

$1$$

$1$$

@

$1$$

#'$#1$$

Surat City Development Plan (2006-2012) 102

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->