What is the difference between the capital budget and the operating budget?
The capital budget, or capital improvement plan, is an appropriation of bonds or operating revenue for improvements to city facilities that may include buildings, parks, streets and water and sewer lines. The operating budget covers the costs of the city’s day-to-day operations, such as employee salaries, supplies and contracts.
Related Questions
- How do you determine if a project falls under regular maintenance that would come from the operating budget and a project that would be paid for by capital funds?
- What is the difference between our operating budget and our capital reserve account?
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