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__________ is the process of predicting what will happen in the future.
Infrastructure Assets
Long-term physical assets that are foundational for providing public services, such as roads, bridges, water systems, and utilities.
Capitalizes
The process of recording an expenditure as an asset, rather than an expense, thus spreading the cost over the useful life of the asset.
Statement of Activities
A financial report primarily used by non-profit organizations, detailing revenues earned and expenses incurred over a specific period.
Operating Grants
Funds provided by governments or other entities to support the operating expenses of a non-profit or other organizations, typically not requiring repayment.
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