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CAPITAL

PROJECTS FUNDS

OVERVIEW

The Capital Improvement Program (CIP) is a process by which the City designs a multi-year

plan for major capital expenditures. Due to the tremendous growth of the capital projects
program, and the amount of detail required for these projects, a separate document is

provided for the Capital Improvement Program. This is the eleventh year the Capital
Projects Budget will be produced as an independent document. Generally, the CIP includes

improvements that are relatively expensive, are non-recurring, have a multi-year useful life,

and like capital outlay items, result in fixed assets. These include the construction and
acquisition of new buildings, additions to or renovations of existing buildings, construction of
streets, drainage improvements, land purchases, and major equipment purchases. Due to

the nature and total cost of the identified projects, bond proceeds are the major source of

revenues. The CIP is a dynamic process, with projects added and deleted from the financed
and unfinanced lists as they move through the project completion process.

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