Capital Improvements Plan
The Capital Improvement Plan (CIP) is a planning device to schedule proposed public improvements and purchases over a five-year period. The Plan matches proposed expenditures and revenues by project within an affected fund. A capital improvement is defined as a capital expenditure that is greater than $15,000 with a life expectancy of five years or longer. Capital improvements are projects, which require:
- Acquisition
- Construction
- Replacement of:
- Infrastructure
- Parks in the Community
- Public Buildings
- Utilities
- Various Public Facilities