Capital Budgeting 101
By Tim Duhamel
Learn the requirements for high quality capital budgeting and planning!
- Capital budget vs. capital plan
- Capital budget structure
- Annual capital process
- Basics of funding – sources and how funding plans are developed
- Capital budget process and timeline
- Prioritizing a capital plan and criteria used
- Integrating input from internal and public communication
- Review of all funding sources
- Review of debt as a financing source
- How to build a funding plan with a strategic emphasis
- Cash-flow financing; leveraging future funding sources
- Capital business cases
PD Credits: 1.5
Updated: May 15, 2019
About the Author
Tim Duhamel is the founder and President of Bloom Centre of
He is a municipal veteran whose career has spanned over 21 years.
His passion is creating educational material and conducting lectures for municipal professionals. He has lectured as far away as Kiev, Ukraine for the Federation of Canadian Municipalities.
Understand the complexity of a municipality and the role of capital in the delivery of municipal services. Learn basic structure and differences between a capital budget and capital plan, interaction between capital budgeting, long-term planning, and tangible capital assets and asset management.
Also covered: basics of funding, capital budget process and timeline, integrating input from internal and public communication, review of all funding sources (risks and opportunities), review of debt as a financing source (tax and non-tax supported), and capital business cases.
Capital budget vs. capital plan
Learn essential principles and best practices for good capital budgeting and planning
Capital budget structure (asset category, dept, asset type, funding, etc.) – template provided!
Annual capital process and how to build a process timeline for success
“Capital equation” concept explained
Learn attributes of an effective and successful process (with examples)
How to prioritize a capital plan and the criteria used to base decisions
How to build a funding plan with a strategic emphasis
Cash-flow financing; leveraging future funding sources
“Funding pool concept” – forecasting/calculate long-term funding sources
“Gap analysis concept” – how to calculate a funding gap in simple form as well as in detail (spreadsheet tool reviewed)