A Capital Improvement Programming Handbook for Small Cities and Other Governmental Units (Small Cities Financial Management Project)

摘要

Capital expenditures include expenditures for buildings, land, major equipment, and other commodities which are of significant value and have a useful life of several years. The capital improvement program (CIP) lists each proposed capital item to be undertaken, the year in which it will be started, the amount expected to be expended in each year, and the proposed method of financing these expenditures. Based on these details, summaries of capital activity in each year can be prepared as well as summaries of financial requirements, such as amounts of general obligations, bonds to be issued, amounts of general operating funds required, etc. Principle steps to be followed for implementation and maintenance of the capital improvement program and budget are presented along with detailed discussions and procedures.