Page 142 - PowerPoint Presentation

ADOPTION OF THE CIP
CIP recommendations are forwarded to the Town Manager and then to Town Council. Town Council
may shift, add, or delete projects in the proposed CIP. Like the operating budget, Town Council will
adopt the CIP.

FUNDED vs. UNFUNDED PROJECTS
The CIP includes funded and unfunded capital projects. Funded capital projects have been approved
and adopted by Town Council. Unfunded projects are capital needs that are subject to more
discussion. These projects may be moved to the “Funded” section of the CIP or moved out into
future years depending on the Town’s priorities, funding availability, or other considerations.
Documenting unfunded projects ensures stakeholders are aware of the Town’s capital needs so that
funding can be secured or through further evaluation eliminate the project entirely.

IMPLEMENTATION
After the CIP is adopted by Town Council, departments use the CIP as a guide for implementing
capital improvements.

BUDGETING FOR ONGOING OPERATING COSTS OF CAPITAL PROJECTS
The CIP is developed and revised with the Town’s annual operating budget. Departments provide
estimated ongoing costs for capital projects to reduce any impact to cash flow. When a project is
completed, the operating costs are included in the department’s operating budget.

117