(redirected from Capital Budgets) Also found in: Financial.
The monies that an enterprise allocates for the purchase of fixed and durable goods. In a hospital, the capital budget is used to purchase beds, buildings, equipment, and other items that are not part of its operating costs.
Most recently, our efforts have involved: support for Metropolitan Transportation Authority (MTA) financing, vital to maintaining and expanding service and stabilizing fares; and calling for the preservation of the City's capital budget, essential for keeping pace with overall maintenance needs and meeting the City's requirements for future growth.
While operating budgets provide funds for a host of expenses, such as salaries and police uniforms, capital budgets are restricted in scope to provide funding for only physical projects or fixed assets.
However, to achieve this success model, you will need significant dollars in your capital budget to fund a sophisticated sales and marketing program and to cover some substantial negative cash flow during the critical fill-up period:
Given that more than half of the City's construction spending is devoted to the maintenance and development of public infrastructure, such as mass transit, public schools, bridges, roads and tunnels, one area of concern is the availability of funds to finance the capital budgets of New York City and State agencies and authorities.
The application of Minnesota's approach addresses removing consideration of capital projects from the one-shot political arena and the pork-barrel decision-making process commonly associated with capital budgets.