What role does a governing body play in the capital budgeting process?

In the capital budgeting process, the governing body plays a crucial role by reviewing and approving proposed projects. This function is vital because the governing body serves as the decision-making authority that ensures proposed projects align with the community's needs, financial resources, and strategic objectives. Their approval is necessary for projects to move forward, influencing which initiatives receive funding and support.

While developing project proposals, conducting community consultations, and monitoring project implementations are important aspects of the overall capital budgeting process, these responsibilities are typically handled by staff members or committees dedicated to these tasks. The governing body ultimately validates or rejects these initiatives based on their alignment with policy and budgetary considerations, making their role central to the process.