Capital Projects 2
Abstract
Governmental accounting standards and the city Charter require that operating revenues and expenses be clearly distinguished from revenues and expenses associated with capital projects, the design, development, construction and extraordinary repair and rehabilitation of physical plant and facilities
Capital Projects 3
City of Baltimore Capital Projects
The Baltimore City Charter specifies that the Planning commission shall submit a recommended Capital Budget and a Capital Improvement Program to the Board of Estimates. After receiving reports and recommendations from the Planning Commission's proposals, the Board will adopt a budget and a program that will come the Director of Finance and the Board of Finance. The recommendations for the Capital Budget is founded on these tents:
? There shall be no appropriations for needs, which will not exist during the fiscal period.
? There shall be no appropriation unless the source of revenues is generated or earned during the fiscal period.
The City's policy is to finance annually a portion of capital improvements General Fund or current revenues on a pay-as-you-go basis. This General Fund is appropriated at $9,600,000 for the Fiscal year of 2002. The General Fund Capital Budget appropriation by agency is as follows:
? Finance $5,200,000
? Housing and Community $875,000
Development
? Mayoralty $2,600,000
? Planning $200,000
? Public Works $250,000
? Recreation and Parks $475,000
Capital Projects 4
? Finance $337,357
(Enterprise Resource Planning Systems)
? Transportation $600,000
(Orion/Calvert Garage Project)
Capital projects ...