What term refers to the capital spending plan for the current fiscal year?

The term that refers to the capital spending plan for the current fiscal year is "Capital Budget." A Capital Budget is a financial plan that outlines expected expenditures for long-term investments and improvements, including infrastructure, equipment, and facilities. It typically details how funds will be allocated to projects that are expected to have a useful life extending beyond a single fiscal year.

The Capital Budget is essential as it provides a structured approach for managing capital projects, ensuring that financial resources are available and that priorities align with the overall strategic goals of the organization. This budget helps in planning and tracking expenditures related to capital projects, thus facilitating better financial decision-making.

In contrast, a Capital Improvement Plan is a broader planning document that outlines potential capital projects over multiple years, not limited to the current fiscal year. Debt Service Reserve Fund pertains to funds set aside to pay down debt obligations, and leasing is a financing option for acquiring assets without immediate capital outlay. These terms do not specifically focus on the capital spending for a single fiscal year, making "Capital Budget" the correct choice.