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2015 - 2019
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2015 - 2019
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CITY OF RAMSEY <br />CAPITAL IMPROVEMENT/CAPITAL OUTLAY PLAN <br />2015-2019 <br />Enclosed is the Ramsey Capital Improvements/Capital Outlay Plan (CIP) for the years 2015-2019. It has been <br />prepared in an attempt 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 initiation, which <br />would cause delays without prior planning. Additionally, projects may require budgeting over several years or <br />receipt of funds from other sources (i.e. grants) requiring planning completion prior to the funding year. <br />Finally, the plan enables a snapshot of the identified capital needs of the community allowing for continual <br />prioritization of these needs. <br />Approval of the CIP by Council does not authorize spending or initiation of a given project. It does, however, <br />provide a guide for the community for a whole array of private and public decision -making, impacted by public <br />capital expenditures. Therefore, the CIP should receive ratification only if the Council perceives actions <br />contemplated within the plan as reasonable and planned within justified time frames. It shall further be noted <br />that initial project design of public infrastructure projects identified within this plan often begins two years or <br />more prior to the date of construction. <br />The CIP is not intended to provide for precise budgeting. Capital costs are projected as estimates. Upon each <br />update of the plan, deletions, additions, delays, or other revisions may occur, reflecting changing community <br />needs. These changes allow for budget refinements as a particular project nears actual construction. <br />Capital improvements are improvements to land, streets, parks, utilities and buildings. This plan shows <br />improvements with revenues projected from various funding sources. Improvements from the General Fund are <br />those requiring a tax levy, referendum or similar other authority resulting in listed projects being less than <br />certain. The other funding sources (except for intergovernmental revenue - grant funds) have increased stability <br />over the general fund projects. <br />Specific information on the funding sources for each project is shown under the individual project. Cash flow <br />projections are completed to examine the long-term stability of each fund and its ability to provide for planned <br />expenditures. <br />The plan does not contain a specific designation which would denote project priorities. There is no weighting <br />or matching of priorities between infrastructure types [streets, parks, utilities, building facilities] as each type of <br />project generally has a funding source unique to the project type and from which funds cannot be reallocated. <br />Page 9 <br />
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