5Understanding Auxiliary and Capital Budgets
Chapter Three included an overview of various types of budgets. This chapter focuses on two of those budget types: auxiliary and capital. Both are special cases. The budget for an auxiliary unit reflects the expectation that the unit is self‐sustaining. A capital budget reflects the project for which it is intended to serve. Auxiliary units may at times have capital projects underway for which a capital budget is in place.
Auxiliary Budgets
Auxiliary units are substantially, if not completely, self‐supporting with regard to budget. This is not to say that auxiliary units are free to operate as they please. On the contrary, auxiliaries typically must abide by the same institutional guidelines ...
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