Business Plan And Budget Template Page 31
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50Capital Budget
The 2015 capital budget and a brief description of planned spending in specific areas is
provided below. The fee proposed in this budget document also funds the annual capital
budget. The cost of capital assets (items such as computer equipment, leasehold
improvements, furniture, office equipment, etc.) are written off (or amortized) to operating
expenses over the useful life of the particular asset category. For example, leasehold
improvements are expensed evenly over the term of the applicable premises lease. The capital
assets of the Law Society also support the operations of ALIA and ALIEX. The Law Society
charges ALIA a management fee to recover a portion of the cost of such assets as well as a
portion of rent and other overhead costs.
The 2015 capital budget for business systems and technology is a continuation of a three plan
that commenced in 2014 designed to upgrade the Law Society’s business systems and
processes. A more detailed description of this multi-year plan is included in Appendix 9.
The proposed 2015 Capital Budget is outlined in the table below:
Furniture and equipment
Additional furniture will need to be purchased in 2015 in conjunction with the upgrades to the
office space in Calgary and minor furniture upgrades are anticipated in the Edmonton office.
Proposed 2015 Business Plan & Budget
Page 31 of 50
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