Two basic types of budgets are used in municipal fire departments: the expense budget (also known as operating budget) and capital budget. Reflect on how you see each of these employed in your department.

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Two basic types of budgets are used in municipal fire departments: the expense budget (also known as operating budget) and capital budget. Reflect on how you see each of these employed in your department.

Why do you think it is important for a chief officer to thoroughly understand how they differ from each other?