Please define the capital budget including its purpose, contents, and budgeting process. Explain how the capital and operating budgets differ, and how they are linked. Define debt service and how it relates to the capital and operating budgets. Explain how capital budgets are funded, and how large capital projects are approved by the voters. What are "bonds" and why do they matter? What is the significance of a "bond" referendum? What defines a capital project? What are the major differences between a capital project and an operating budget item?