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| Note to the Reader | |
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| Foreword | |
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| Acknowledgments | |
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| Setting the Stage | |
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| Capital budgeting: Rationale, scope, policy, and process | |
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| Rationale for capital budgeting | |
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| Definition of capital expenditures | |
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| Policy framework for capital budgeting | |
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| A comprehensive model of capital budgeting | |
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| Summary | |
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| Capital improvement program | |
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| Definition of a capital improvement program | |
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| Purposes of a capital improvement program | |
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| Characteristics of a capital improvement program | |
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| Contents of a capital improvement program | |
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| Needs assessment | |
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| Issues of preparation and approval | |
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| Financial condition analysis | |
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| Financial forecasting | |
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| Summary | |
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| Planning for Capital Investment | |
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| Evaluation and prioritization of capital assets | |
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| Evaluation of capital projects | |
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| Prioritizing capital projects | |
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| Summary | |
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| Public-private partnerships | |
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| Types of public-private partnerships | |
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| Public-private partnership structures and arrangements | |
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| Evaluating public-private partnership opportunities | |
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| Planning and policy tools | |
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| Financing public-private partnerships | |
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| Accountability in public-private partnerships | |
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| Summary | |
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| Financing Capital Assets | |
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| Capital financing strategy | |
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| Foundation for capital financing | |
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| Pay-as-you-go capital financing | |
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| Debt financing | |
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| Public-private partnerships and economic development | |
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| Outside capital financing | |
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| Summary | |
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| Pay-as-you-go capital financing | |
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| Advantages of pay-as-you-go capital financing | |
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| Disadvantages of pay-as-you-go capital financing | |
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| Revenues and fund balances | |
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| Capital reserves | |
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| Charges to property | |
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| Federal and state grants | |
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| Summary | |
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| Debt options | |
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| Security pledged for debt | |
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| General obligation bonds | |
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| Revenue bonds | |
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| Lease financing of capital assets | |
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| Special obligation debt | |
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| Summary | |
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| Planning, structuring, and selling debt | |
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| Bond ratings and the rating process | |
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| Planning and structuring debt | |
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| Interest rates, yields, and pricing | |
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| Selling local government debt | |
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| Summary | |
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| Conclusion | |
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| Implementation, oversight, and evaluation | |
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| Authorizing projects and appropriating money | |
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| Managing project changes and change orders | |
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| Evaluating capital budget and capital improvement program implementation | |
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| Summary | |
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| Glossary | |
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| Index | |