Definitions for "Capital Project"
Capital projects are budgeted for in separate submissions than operating budget submissions. A five digit code is used to represent each capital project which consists of some valuable lasting item such as a building or road.
The acquisition or construction of major facilities, e.g., land, improvement, improvements to land, easements, building, or building improvements.
a project that is exclusively based on facility development as opposed to revenue generation
an activity that is expected to generate a stream of benefits and costs, across a period of time