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STATE OF ILLINOIS COUNTY OF KANE RESOLUTION NO. 21 AUTHORIZING MISCELLANEOUS FISCAL YEAR 2020 BUDGET ADJUSTMENTS WHEREAS, State Statutes require total expenditures of an elected official for services
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Start by gathering all necessary financial information and projections for the proposed capital projects.
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Present the capital budget - proposed to the relevant stakeholders, such as senior management or board of directors, for approval.
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A proposed capital budget is a financial plan that outlines projected expenditures for long-term investments in infrastructure and other capital assets, typically for the upcoming fiscal year.
Entities such as local governments, municipalities, and other public agencies are typically required to file a proposed capital budget as part of their financial planning process.
To fill out a proposed capital budget, entities should identify anticipated capital projects, estimate the costs, specify the funding sources, and outline the timeline for implementation.
The purpose of a proposed capital budget is to plan for future capital expenditures, manage financing for these projects, and ensure that resources are allocated effectively to meet the community's infrastructure needs.
Information that must be reported includes project descriptions, estimated costs, funding sources, timelines, and priority levels of each project.
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