CAP Budget

The CAP Budget, or Capital Appropriations Budget, is a plan that allocates funds for major, long-term projects or investments, like infrastructure improvements or large equipment purchases. Unlike operational budgets that cover daily expenses, the CAP Budget focuses on significant, one-time expenditures aimed at enhancing the organization's physical assets or capabilities. It is typically prepared annually and approved by decision-making bodies to ensure strategic priorities are funded and resources are efficiently utilized for future growth and development.