In California State government, the term capital outlay includes purchase of land and related costs, construction projects and related costs, and equipment related to a construction project. Construction projects include new construction, alteration, and extension or betterment of existing structures. Capital outlays are classified as either Major Projects or Minor Projects. Each State department or agency must submit to the State Department of Finance, by February 1 of each fiscal year, a five-year plan for capital outlay.
Generally, expenditures to acquire or construct real property.
The expenditure of funds to acquire land or pay for the construction of facilities such as highways, bridges, buildings, additions and modification of portions of such facilities. Capital outlay does not include payments to contractors for maintenance activities or day labor activities. This is one of the three "characters" used in displaying the Governor's Budget.
Expenditure which result in the acquisition of or addition to fixed assets, including short-lived machinery and equipment.
The cost of acquiring plant assets, adding to plant assets, and adding utility to plant assets for more than one accounting period.
Money budgeted to improve the buildings and site. These funds cannot be used for general repair and maintenance.
A disbursement of money which results in the acquisition of or addition to fixed assets, i.e., land acquisition, building and construction, addition, renovation.
Funds to be spent acquiring or constructing fixed assets.
Expenditure that results in acquiring fixed assets or additions to fixed assets, such as land, buildings, and fixed equipment.
An expenditure that is generally more than $20,000 and results in the ownership, control or possession of assets intended for continued use over long periods of time. These can include new buildings or building renovations and additions; new school buses; as well as new equipment (i.e. desks, computers, etc.) and library books purchases for a new or expended school building.
Object class from which expenditures for land, highways, buildings fixtures, automobiles, machinery, equipment, and furniture with a useful life greater than two years are recorded.
Expenditures made to acquire fixed assets or additions to them are called capital outlays. These expenditures are recorded in the general fund or utility fund where the assets are to be used. Ultimately, under good property accounting, such as assets acquired through the General Fund should be reflected in the general fixed income assets group of accounts.
Expenditures for the acquisition of capital goods including land, buildings, equipment and any improvements thereto.
Funds for the acquisition of land and buildings; building construction, remodeling, and additions; the initial installation or extension of service systems and other built-in equipment; site improvement; and architectural and engineering services.