WHEDA Form 700 Revised 10/14
Capital Expenditures Budget
The Capital Budget Form 700 is required to be submitted for all WHEDA & ARRA developments,
unless approval has been granted by the Portfolio Risk Officer (PRO) to waive the requirement. It is
due thirty days prior to the start of the fiscal year for the development. For projects operating on a
calendar year basis, it is due on December 1 of each year.
The Capital Budget form 700 is also available on WHEDA’s website at
Submission of the capital budget does not invoke acceptance of the expenditures by WHEDA
or grant pre-approval for any amount to be disbursed from WHEDA-held reserve funds.
Requests for disbursements from these reserves must conform to the WHEDA Reserve
This form is intended to identify projected capital expenditures for the development during the next
three years and to determine if cash transfers will be necessary from WHEDA held reserves or if the
e reserves, or e
development can afford to pay from operations. This determination is made based on the assumption
that management has some estimate of revenues and expenses for the next few years.
• Enter the WHEDA development number, name, management company, phone number, email
address, if applicable, and the name of the individual completing the spreadsheet.
• The fiscal years have been entered in the top column of spreadsheet for which the capital budget
applies. A three-year plan is required.
• Enter a brief description of the expenditure, such as quantity, location of repair or replacement, or
specific information related to the type of work needing to be performed.
next three years. Do not include operating expenses that are incurred from normal business
operations, unless it is estimated that cash flows will not cover the expense . Examples of capital
expenditures are listed on the form, but are not limited to these items.
• Enter totals in each column for each year.
Management Agent and Owner must sign the signature page.
• Submit to WHEDA at least 30 days prior to the start of the development’s fiscal year. This will be
December 1 for developments that report on a calendar year.