2008 Annual Report
The administrative account 2008
The City’s main budget details all the revenues and expenditure which enable the public services directed towards the people of Nantes to run effectively, along with the renewal and development of the municipal heritage
The operational section records ongoing operations which are regularly repeated and constitute costs and products of a defined nature (costs of staff or equipment, interest on debts, provision of services, etc.). In 2008 operating expenditure stood at €338.8 million in total, and revenues (excluding the sale of fixed assets, the amounts of which are dealt with in the investment section) stood at €371.6 million. These financial amounts include both actual operations and accounting entries.
The investment section records operations relating to the City’s assets (acquisitions, sales, works, etc.). These operations often extend over several years. In 2008 capital expenditure came to a total of €112.9 million, and revenues stood at €89.4 million.
The cumulative surplus for the financial year 2008 is €19.5 million, which can be broken down as follows:
- A surplus result of €9.4 million for operations in 2008,
- A deficit on works remaining to be undertaken for 2008 of €9.5 million,
- A profit brought forward of €19.6 million.