Within a parks and recreation budget, you will typically have two very different types of budgets: capital and operating.

The two vary primarily in:

  1. Planning process – one requires significant lead time; the other is real-time
  2. Funding for projects rests in different places; long term funding for CIPs
  3. Overall size of project

Funding for CIPs may be paid for with bonds.  Bonds are notes that will be paid back over time.  Agencies will have a schedule of outstanding bond debts and a plan to pay them back.  The schedule will include: type of bond, purpose, amount issued, amount due, maturity date, and amount outstanding.

Planning for CIPs include:

CIP plans should include: