11 DEVELOPMENT GRANTS
Development grants received from the Government are used for implementing approved development projects. Except for capital expenditure on community children's libraries, all other capital-related expenditure costing S$1,000 and above are capitalised as fixed assets. Other project costs and expenditure including books, are charged to the Income and Expenditure Statement in the year of purchase.
1999/2000
1998/1999
S$     
S$     
Development grants received in advance brought forward
93,550,558
39,010,956
Development grants received during the year
59,888,269
___________
98,830,543
___________
153,438,827
137,841,499
Less:
Development grants received in advance
(104,428,992)
(93,550,558)
Amount transferred to deferred capital grants (Note 4)
(23,094,980)
___________
(21,638,745)
___________
(127,523,972)
___________
(115,189,303)
___________
Development grants utilised as at 31 March
25,914,855
==========
22,652,196
==========
Comprising:
Books and periodicals
10,612,283
8,127,734
Computer and other professional services
11,868,301
9,812,403
Disposal/write-off of fixed assets
-
-
Salaries
841,101
666,993
Others
2,593,170
___________
2,593,170
___________
25,914,855
==========
22,652,196
==========

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