Page 345 - City of Westlake FY20 Budget

Section 10 Capital Improvement Plan
CIP Overview

OVERVIEW
The Capital Improvement Plan (CIP) presents the Town’s plan for infrastructure development and
improvements and is evaluated annually by the Town leadership to determine the financial availability of
resources for design, construction, operations, and maintenance. Balancing these priorities, while at the
same time being cognizant of the fiscal challenges of our Town, continues to be a priority for our staff team
and elected officials.

This document provides a comprehensive plan of capital improvements that are to be undertaken by the
Town over the next five (5) years. Cost estimates and financing methods for the improvements are included
and are referenced by individual project. The development of the Capital Improvement Plan is one of the
more complex and multi-faceted processes of the Town. Striking a balance between the needs and interests
of the residents and our financial capacity is a challenging proposition.

For this community vision to have meaning, it must be accompanied by deliberate planning that leads the
organization and community to its desired future. This requires clearly defined goals, proactive strategies,
committed leadership, effective management and above all, the resources to carry out these plans and
objectives.

WHAT IS A CIP?
CIP is a realistic plan designed to fulfill the strategic goals and objectives necessary to achieve the mission
and vision of the community. The CIP is a multi-year document that summarizes the capital needs of a
community over a specific time period. It outlines the individual capital projects, their strategic value and
relationship to the community’s long-term goals and objectives as well as the fiscal impact that they pose to
the community.

WHY HAVE A CIP?
• Informs the employees, departments, elected officials and the public of an entity’s intent to invest in
its infrastructure and community
• Represents a long-term financial plan and identifies resources or financing strategies that an entity
plans to use to fund the plan
• Identifies projects by functionality to ensure a balanced approach to our reinvestment in the
community
• Establishes priorities and serves as a planning document or blueprint for an organization’s
investment in capital infrastructure both short-term and long-term
• Provides a breakdown of major project costs and phasing as necessary
• DOES NOT appropriate money

WHAT IS A CAPITAL PROJECT?
Capital includes all long-lived infrastructures such as water facilities, sewers, streets, parks and buildings
along with major equipment like fire trucks, radio systems, vehicles, computers and fixtures. Capital projects
are the individual action plans that make up a Capital Improvement Plan. The capital projects in this CIP
have been categorized into the following groups: Parks & Recreation, Facilities, Transportation, Vehicles and
Utilities.

333