Capital Budget
7 definitions

Capital Budget

A budget that segregates capital spending from all other spending, what is usually considered the "operating budget." In a capital budget, spending and receipts in the capital budget are excluded from the operating budget and are not included in the operating budget's deficit or surplus calculations. A capital budget would include spending only for capital assets. Capital assets are usually defined to be limited to land, structures, equipment, and intellectual property that are owned and used by the Federal government and have a useful life of more than 2 years. However, some proponents of capital budgeting have suggested that capital should be defined to include Federal ``investment'' spending that yields long-term benefits. President Clinton established a Commission to Study Capital Budgeting by issuing Executive Order 13037 on March 3, 1997. The Commission is required to issue its report by December 17, 1998.

Capital Budget

A budget that segregates capital investments from the operating budget’s expenditures. In such a budget, the capital investments that are excluded from the operating budget do not count toward calculating the operating budget’s surplus or deficit at the time the investment is made. States that use capital budgets usually include only part of their capital expenditures in that budget and normally finance the capital investment from borrowing and then charge amortization (interest and debt repayment) to the operating budget. 

Capital Budget

Appropriations made to state and local agencies for building and construction projects.

Capital Budget

A financial plan of capital projects and the means of financing them for a given period of time.

Capital Budget

"Capital Budget" means the budgeted amount for all hard and soft capital costs of the Project, including, but not limited to, Preconstruction Costs, architectural, engineering, consulting, permitting, and legal fees, basic construction costs and fees, Development Costs (defined below), food and beverage equipment (including concessions, catering, etc.), seating systems, suites, premium and general seating, furniture, fixtures and equipment, site development, onsite infrastructure and drainage, environmental remediation, utility relocation, construction oversight and management expenses, pre-opening expenses, interest expense associated with the Foundation Contribution, fees of the Disbursing Agent, and construction budget contingencies. The Capital Budget will not include costs of issuance of the Bonds (including legal fees) and additional financing costs (including capitalized interest, debt service and operating reserve funds, and credit enhancement fees) resulting from the Bonds or costs resulting from any other actions or delays on the part of the COUNTY (other than the time periods for approvals provided herein), any costs for the lease of fixtures, furniture and equipment, any costs of offsite infrastructure, or any costs of traffic mitigation.

Capital Budget

A plan to finance long-term outlays (expenditures), such as for fixed assets like facilities and equipment. The CCTA Board completes and approves this annually, along with the operating budget. The process is begun in the fall and completed in December for the upcoming Fiscal Year.

Capital Budget

This is a budget for major capital items, including land, buildings, structures, and equipment.

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About this term

Capital Budget has been defined 7 different ways in documents like Committee Terminology, A Glossary of Terms Used in the Federal Budget Process, Legislative Terminology, and 4 more.

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