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Expense/Expenditure

Single, discrete groups of related costs, which have been incurred by the owners and are can typically be traced back to line items in a budget, project or plan. 

  • A reserve expenditure from the reserve fund (CapEx)
  • An operating expenditure from the operating fund (OpEx)
  • An expenditure from the maintenance fund (MaintEx)

For example: 

  • We incurred an expense for the semi annual generator inspection.


See also:


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