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E. CAPITAL IMPROVEMENT PROGRAM <br /> <br />Public officials are faced with the difficult task of <br />allocating limited resources among a seemingly unlimited number <br />of demands and needs for public services. In many instances, <br />decisions must be made regarding the merits of one project <br />over another without benefit of sufficient information, or <br />without time for adequate evaluation. A method available to <br />local units of government to help manage and systematize <br />the budget allocation process is a Capital Improvement <br />Program. <br /> <br /> Ramsey's Capital Improvements Program should include a com- <br /> prehensive list of major projects and equipment necessary <br /> and desirable to meet the needs of the community for the <br />· next 5 years. A "Capital Improvement" may be defined as <br /> a major expenditure of public funds beyond maintenance and <br /> operating costs, for the acquisition or construction of a <br /> needed physical facility. ~hese improvements er ~equisi- <br /> tions should generally be of a permanent nature, representing <br /> a long-term investment. Some examples of capital improve- <br /> ment items are: <br /> <br /> Municipal Buildings <br /> Fire and Police Stations <br /> Park Acquisition and Development <br /> Utility Construction <br /> Major Equipment <br /> Road Construction and Parking Facilities <br /> Joint School and Community Development Projects <br /> Airports <br /> Hospitals <br /> Fire Fighting Equipment <br /> <br />A Capital Improvement Program is a method of anticipating <br />the type of improvements and scheduling the expenditures <br />over a period of several years in order to maximize the use <br />of public funds. A Capital Improvement Program may cover <br />a period of four to ten years, and-should be updated and <br />extended every year. <br /> <br />See Appendix B for the current Capital Improvement Program. <br /> <br />101 <br /> <br /> <br />