Capital Budgeting

Over the last several years, different levels of government have been facing a variety of challenges when it comes to budgetary issues. For the city of Ft. Lauderdale, the Department of Public Safety is encompassing 60% of their total expenditures every year. This is because it includes areas such as police and fire / rescue services. At the same time, many of these departments are subdividing into other areas of specialization. To fully understand the way different events have impacted the city requires: examining how debt capacity is determined, studying the effects of refunding / reorganization on existing debt obligations and analyzing alternatives that can be used. Together, these elements will offer specific insights as to as the long-term effects of various activities on the budget and possible tactics for dealing with them. ("Comprehensive Annual Financial Report," 2012)

Discuss how the debt capacity of the governmental entity is...
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