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CITY COUNCIL WORK SESSION <br />Topic Report: Capital <br />Improvement/Capital Outlay Plan <br />By: James E. Norman, City Administrator <br /> <br />Background: <br /> <br />Capital Improvement/Capital Outlay Plan. The CIP has been prepared in an attempt <br />to anticipate major capital expenditures in advance of the year in which they are budget <br />requests. Further, several projects may interrelate or require other improvements prior to <br />initiation which would cause delays without prior planning. Additionally, projects may <br />require budgeting over several years or receipt of funds from other sources (i.e. grants) <br />requiring planning completion prior to the funding year. Finally, the plan enables a <br />snapshot of the identified capital needs of the community allowing for continual <br />prioritization of these needs. <br /> <br />The CIP is not intended to provide for precise budgeting. Capital costs are projected as <br />estimates. Upon each update of the plan, deletions, additions, delays, or other revisions <br />may occur, reflecting changing community needs. These changes allow for budget <br />refinements as a particular project nears actual construction. <br /> <br />The plan does not contain a specific designation which denotes project priorities. There <br />is no weighting or matching of priorities between infrastructure types [streets, parks, <br />utilities, building facilities] as each type of project generally has a funding source unique <br />to the project type and from which funds cannot be reallocated. <br /> <br />Action Statement: <br /> <br />I rovide direction to staff regarding 2003-2007 CIP. <br /> <br />CCWS: 2.24.03 <br /> <br /> <br />