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CAPITAL IMPROVEMENT PROGRAM <br /> <br />A community's Capital Improvement Pro~ram outlines implemen- <br />tation of the physical components of its comprehensive plan. <br />The program balances the needs of the community with its <br />financial ability to provide the services. The timing and <br />financing of capital improvements, aggregated for all govern- <br />ments in the region, are important considerations in the coor- <br />dinated development of the region. In order to review a com- <br />munity's comprehensive plan and to supplement fiscal data for <br />certain policies in the Metropolitan Investment Framework <br />(MIF Policies 1 and 11), the following items would be helpful <br />if included in a capital improvement program: <br /> <br />Financial Status of the Community <br /> <br />- Revenue sources (current and five previous years) <br />- Expenditures (current and five previous years) <br /> operating, maintenance and capital <br />- Indebtedness (by type and schedule, including debt <br /> service -- also overlapping debt) <br />- Market value of property (also assessed value by <br /> type ) <br /> <br />-- Proposed Projects <br /> <br />- Capital improvement program <br /> <br /> - Capital costs by year and project <br /> - Operating costs by year and project <br /> - Revenue sources for capital costs <br /> <br />- Proposed revenue sources (projected five years) <br />- Proposed expenditures (projected five years) <br />- Projected property tax base (five years) <br /> <br />Examples of ways to display this data are shown by Figures <br />I-VII on pages 7-14 of the publication, Capital Improvements <br />Programs, A Guide for Minnesota Communities, Minnesota State <br />Planning Agency, Office of Local and Urban Affairs, <br />November 1974. <br /> <br />In addition, the capital improvements program should contain <br />an official fiscal policy or set of policies which reflect <br />the community's attitude on how capital projects should be <br />financed. <br /> <br />Finally, projects in the capital improvement program should <br />be related to community needs. Existing levels of service <br />and projected demands, therefore, should be discussed some- <br />where in the comprehensive plan(in the CIP if nowhere else). <br />This discussion ideally should include all improvements to <br />facilities and services provided by the local unit of govern- <br />ment. In most cases this includes at least municipal build- <br /> <br /> <br />