Which aspect is NOT typically included in a capital budget?

The capital budget focuses on long-term investments and expenditures for assets that have a useful life beyond a single fiscal year. Each of the aspects typically included in a capital budget pertains directly to the planning and implementation of significant capital projects.

Daily operational expenses, on the other hand, are generally recorded in an operating budget rather than a capital budget. The operating budget details the ongoing costs associated with running an organization, such as salaries, utilities, and routine maintenance. This distinction is essential since capital budgets are concerned with major investments like infrastructure, buildings, or equipment, while operational budgets manage the day-to-day functioning of the organization.

By including items like cost-benefit analyses, project scope descriptions, and funding sources in a capital budget, organizations can assess the viability and resources necessary for capital projects effectively. These elements provide critical insight into how proposed projects align with overall strategic goals and financial capabilities.