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.
Making decision is one of the most important tasks of the managers in a business unit, and one of the most important financial decisions is capital budgeting decisions which lack of attention to that can involve financial resources of company in high risk and uncertain projects.
This text for professionals and advanced students in criminal justice and law enforcement describes the various capital budgeting functions and their use in law enforcement and criminal justice, emphasizing the use of capital budgeting to inform long-term strategic decision making.
The first section of the paper describes some of the weaknesses of District practice with respect to facilities planning and capital budgeting in the past--weaknesses which highlight the case for strengthening the planning and capital budget processes.