Value Capture Home › Value Capture Strategy Primers ›

Capital Improvement Programs

Download as PDF

« PreviousNext »

1. Overview

Overview: Capital Improvement Programing

Fiscal resources and community desire move to multyear project schedule which leads to CIP. CIP has Capital Program and Capital Budget.

 

Overview: CIP Objectives

  1. Implementation of the comprehensive plan goals
  2. Ensure timely construction or renovation of infrastructure to provide the LOS identified in the comprehensive plan
  3. Identify funding sources for each capital improvement
  4. Provide a baseline (recommended capital budget) for the annual budget
  5. Coordinate capital and operating budgets
  6. Create transparency around the process of selection and funding of capital projects considering public inputs
  7. Inform the public about future needs and capital improvements

Overview: CIP Elements

Narrative

Prioritized list of projects and cost estimates

Funding sources

Project detail forms

Overview: CIP Uses

Heirarchy icon
Spreadsheet Icon
Calculator with money bag

Planning Tool

  • Implement comprehensive plans
  • Implement transportation plans

Fiscal Management tool

  • Identify capital needs in advance allowing time to secure state and federal funds
  • Monitor ongoing projects in terms of schedule, costs, and financial status

Budget Tool

  • Recommend capital budget
  • Compute impact of capital improvements on operating budget
  • Maintain a balanced budget


« PreviousNext »