Capital Improvement Plan

WorkshopMay 27, 2015

Capital Improvement Plan (CIP)

• Tool used to develop a five year timeline for scheduling necessary improvements and their financing.

• Adopted guidelines and methodology for a five (5) year plan.

• Approval of Proposed funding for 2015-16.

Capital Improvement Plan (CIP)For a Project to be included:• Must have a useful life greater than 5 Years and meet

one of the following:– Level of Service Project (1985 Growth Mgmt Act)– Real Property Acquisition– Construction, Repair or Improvements costing a

minimum of $50,000 – New Infrastructure costing a minimum of $50,000– New Vehicle/Equipment Purchases having a

singular cost in excess of $50,000

Capital Improvement Plan (CIP)

• The Proposed Plan Includes 123 Projects at an estimated cost of $148 million dollars.

• 79 Projects have been carried forward from the prior year totaling $133 million dollars.

• 44 New Projects have been added totaling $15 million dollars.

• Proposed funding for 2015-16 totals $21 million dollars allocated to 43 Projects.

Capital Improvement Plan (CIP)Overview of Plan Document• Categories – Strategic Initiatives• Project Number• Project Name and Description• Estimated Project Construction Cost• Estimated Project Construction Start Date• Funding• Re-appropriations• Fiscal Years