What aspect does the capital inventory focus on?

The capital inventory primarily focuses on listing current assets and anticipated future needs, making it a crucial tool for municipalities to manage their capital assets effectively. This aspect ensures that a municipality has a clear understanding of its existing resources, such as buildings, equipment, roads, and infrastructure, alongside assessing what will be needed in the future to meet service demands or improve community facilities.

By cataloging current assets and anticipating future needs, municipalities can make informed decisions regarding capital planning, budget allocations, and prioritize investments. This proactive approach enables better financial and resource management, ensuring that the community’s infrastructure and services remain sustainable in the long term. Therefore, the emphasis on both current assets and future requirements is essential for strategic planning in municipal finance.