Capital Budgeting Of Florida Department Of Education

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Capital Budgeting in Florida Department of Education
Introduction
Capital planning and budgeting is a very vital piece in the Public Budgeting System process. It is an essential implement in the financial management practice and is effective in both public and private organizations. It is the method which consists of the determination and the evaluation of the investments and the possible expenses by an organization. As explicate by Lee, Johnson, & Joyce (2008), capital budgets help in determining how much of each form of investment is needed, and it supports an organization in assessing the available revenue which includes loans is required to finance those investments (p. 475). Capital budgeting is a central part of the universal
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Capital budgeting is a precise substantial process that the (FLDOE) integrates in their financial management measures that the agency uses in determining investment and current expenditures. It is the development which includes the determination and the evaluation of the investments and the possible outlays by an organization. Florida Department of Education (FLDOE) is motivated on attaining the preeminent outcomes that an educational structure has in relationship with high quality services. The agency, hence from end to end integrates various activities that is focused on improving public education issues while reducing educational total cost. The agency relies on capital budgeting as a tool to ensure that all capital and resources are being well utilized. The process of capital budgeting entails the emphasis on key aspects that includes determining debt capacity, funding and other activities that may include refunding and the restructuring of the existing debt obligations. FLDOE just like other agencies perceive a budget differently and the management believes it as a tool and a plan to create a productive environment and for the company to achieve goals and objectives. Florida Department of Education are responsible for the improvement, growth and use of planned strategic management data for the provision of
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