All of the following are examples of Capital Expenditures except which?
a.
Purchase of a new patrol car for the police department.
b.
Retro-Pay to union employees following an extended period of time between an expired contract and the ratification of a new contract.
c.
Expansion of a water treatment plant.
2.The GFOA lists which of the following as a “Best Practice” when compiling a Capital Plan? (pick all that apply)
a.
State and Local governments should develop a multi-year capital plans to ensure effective management of capital assets.
b.
A good capital plan utilizes cash reserves prior to current revenues.
c.
Recommend that all governments regularly engage in long-term financial planning.
d.
Governments should
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