Page 127 - Hurst FY19 Approved Budget
P. 127
CAPITAL OUTLAY
This classification is for expenditure/expenses for acquiring fixed assets including land
or existing buildings, land improvements and new or replacement equipment such
as machinery, furniture and fixtures, vehicles and computer hardware and software.
Capital Outlay shows a decrease of $251,236 or -10.5%, from the previous year. This
decrease is explained by the cyclical nature of capital purchases. Capital equipment
replacement is typically funded through budgeted straight-line depreciation based on
useful life.
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