The Capital Improvement Program (CIP) forecasts the City's capital needs over a six-year period based on various City-adopted long-range plans, goals and policies.
The primary goals of the CIP are to:
Provide a balanced program for capital improvements given anticipated revenues over a six-year planning period;
Illustrate upcoming capital needs based on anticipated funding levels;
Provide a plan for capital improvements which can be used in preparing the Capital Budget for the coming two fiscal years.
Capital projects are generally large-scale endeavors in terms of cost, size and benefit to the community. The underlying strategy of the CIP is to plan for land acquisition, construction, and major preservation of public facilities necessary for the safe and efficient provision of municipal services. A critical element of a balanced CIP is the provision of funds to preserve or enhance existing facilities and to provide new assets that will aid in meeting existing service needs and accommodate future community growth.
The CIP provides a six-year funding plan for the City’s capital improvements, including transportation, airport, public buildings, parks and open space, stormwater and wastewater projects.
Budget Committee Recommendation on the FY20-25 Capital Improvement Program
On February 20, 2019, the Budget Committee recommended approval of the Draft FY20-25 CIP.
City Council Adoption of the FY20-25 Capital Improvement Program
City Council held a public hearing and adopted the FY20-25 CIP on March 11, 2019.
CIP Development and Review Process
Typically, development of the Capital Improvement Program is a nine-month process, which begins in August of even-numbered years and ends the following spring. After the CIP is adopted by the City Council, the projects scheduled for FY20 will become the basis for preparation of the FY20 capital budget. The capital budget is submitted to the Budget Committee in the spring of each year and adopted by the City Council in June.
Projects in the second fiscal year of the CIP become the basis of the subsequent fiscal year’s capital budget. At the time the budget is adopted, any changes to project timing or funding adopted in the capital budget process or by supplemental budget action are automatically considered to be amendments to the CIP.