CAPITAL BUDGET is the estimated amount planned to be expended for capital items in a given fiscal period. Capital items are fixed assets such as facilities and equipment, the cost of which is normally written off over a number of fiscal periods. The capital budget, however, is limited to the expenditures that will be made within the fiscal year comparable to the related operating budgets.
MONTHLY is: a. Once a month; every month; from month to month; or, b. Done, produced, or occurring once a month.
SPENDING LEVEL is the true expenditure or cash outlay of any entity in a given category or budgetary area.
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