Updated: 2 p.m.

Metro’s board of directors on Thursday officially ended its budget-making process for the next fiscal year, approving a $1.14 billion spending plan for capital improvements in the 12 months starting July 1.

Authorization of the capital budget by the board was all but a done deal a week ago, after a key committee approved the plan.  Added to the agency’s recently adopted $1.7 billion operating budget, the finalized capital budget means that Metro plans to spend close to $3 billion in the next fiscal year to operate and upgrade the Washington area’s bus network and the nation’s second busiest subway system.

Correction: An earlier version of this story had an incorrect amount for the spending plan.