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What is the difference between a capital budget and a capital improvement plan? What is an audit report? What is the purpose of a balance

  1. What is the difference between a capital budget and a capital improvement plan?
  2. What is an audit report?
  3. What is the purpose of a balance sheet?
  4. Why is it beneficial to develop a capital improvement plan?
  5. What is the government-wide balance sheet called?

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