How many years will the savings pay for the capital improvements?

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How many years will the savings pay for the capital improvements?

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Funding for capital improvements in government are different than in the private sector. In the private sector capital improvements become long-term assets on the balance sheet. These long-term assets are then depreciated. The depreciation is an expense reported annually. In the government sector, the funds for building improvements are requested through a bond referendum. The improvements are placed in a separate fund and depreciated. They do not have any impact on the operational funds of the school district.