Page 141 - PowerPoint Presentation

 Highways and streets provide
safe and effective vehicular WHAT IS A CAPITAL PROJECT?
access and efficient urban
traffic flow. This includes: Capital projects are the individual action plans that make
 New projects that will up a CIP. Capital projects are categorized into the
reduce future following groups: Parks & Recreation, Facilities,
maintenance Transportation, Vehicles and Utilities.
requirements; and
 Good streets and roadways to serve Town facilities.

 Adequate water supply is available for existing neighborhoods, planned growth and
development of the Town.

 Improvements for beautification and landscaping are conducted on arterials and highways,
facilities, etc.

 The CIP is balanced for all types of Town assets.

CIP PRIORITIZATION STRATEGY
The Town’s CIP prioritization strategy is to preserve, protect and plan.
 Preserve the past by investing in the continued upgrade of town assets and infrastructure.
 Protect the present with improvements and/or additions to facilities, roads, and capital
investments.
 Plan for the future of the organization.

PRESERVE PROTECT PLAN

IMPACT TO OPERATING BUDGET
The Town’s operating budget is directly affected by the CIP budget. CIP projects can often increase or
decrease costs. CIP investments in technology or significant improvements to existing maintenance
intensive assets can reduce operating budget costs. However, new facilities and land acquisitions
typically increase operating expenditures.

Operating costs are carefully considered in deciding which projects move forward in the CIP budget.
It is typically impossible to absorb many large increases in operating costs at once; therefore,
projects are planned to prevent shocks to operating budgets. Several projects are currently included
in the adopted CIP and may have future impacts on the operating budget.

116