To ensure that a financial entity remains fiscally viable a number of different safeguards need to be taken concerning the entities finances. One of those safeguards is to create and maintain a plan for capital budgeting. In the case of Baderman Island Resorts it is of special concern due to the number of capital improvements needed by the resort in order to remain competitive with other similar resorts.
             Those expenditures include a number of different expansions including all three of the current hotel facilities at the resort. Included in the capital budget will be monies to increase the available hotel room space from is to use capital to increase the available hotel space from 180 acres of coverage to approximately 300 acres.
             Also earmarked will be funds to expand the current convention center facility from a 25 acre site to an approximately 75 acre site. The expanded convention center will ensure that the convention center will be capable of hosting the largest conventions.
             Employing funds from the capital budget for these particular projects will enhance the viability of hosting conventions at Baderman Island. This increased exposure to convention and resort visitors will lead to additional tax revenue being generated from the bed tax as well as sales tax on items purchased by the convention visitors. Other benefits will include increased service and rental fees, as well as economic growth throughout the region.
             Investing capital in these projects will also create hundreds of new jobs and the subsequent taxes from the increased business, which will be an economic boon to the island and the region....