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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 I and ll), the following items would be helpful <br />if included in a capital improvement program: <br /> __ Finaucial StatUs of the Community <br /> <br /> enue sottrces (current an.d five preVious yea~rs) <br /> - Rev . ~ <br /> Expenditures ~ <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 - 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 />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, ~innesota State <br />p-~anning Agency, Office of Lo~l and Urban Affairs, <br />November 1974. <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 /> 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 plau (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 btuild- <br /> <br /> <br />