CITC15H3 Lecture Notes - Lecture 3: Sodium Chloride, Operating Budget, Operating Expense
Document Summary
Recurring annual expenses: pay rent on properties, buy road salt and gasoline, pave pot holes, salaries and benefits, fuel, contracted services, provincial and federal governments combine these things together, treat capital same as operating expenditure, it has been said that it may be smarter for them to have separate account, buying a bus is a capital expenditure, putting in gas and operating a gas is operating expenditure. Infrastructure deficit: spend so much more now than we have many years ago, maintenance spending as a proportion of total infrastructure spending it has declined, not only are not building new infrastructure, we are also not spending the money on maintaining the things we already have, declining spending on infrastructure + declining spending on maintenance= billion infrastructure deficit nationwide, the city of toronto pends more than half its capital budget on maintaining state of good repair , yet there is still a major backlog.
