Capital Outlay

Fiscal year 2024

What is capital outlay?

The capital outlay section lists the specific capital equipment items that are funded in the capital outlay accounts in the expenditure detail section of each department. Capital outlay expenditures should eventually be classified as capital assets in the City’s Annual Comprehensive Financial Report (ACFR). Capital Assets are defined by the City as assets having an estimated useful life more than one year, and generally an initial, individual cost in excess of $5,000.