Page 114 - TownofWestlakeFY25BudgetOrd1005
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CAPITAL IMPROVEMENT PLAN OVERVIEW
The Capital Improvement Plan (CIP) is the Town’s strategy for infrastructure development and improvement. This
includes, road expansion, repairs on publicly owned buildings, and the acquisition of new water sources. Typically,
the CIP is a multi-year document that summarizes capital projects for the next five (5) years. For FY2025, the Town
Council and staff made the conscientious choice to forgo adopting a CIP as part of the budget process while it
works with a consultant to develop a strategic plan. The strategic plan will include a long-range financial forecast,
which will be used to develop a more comprehensive and thoughtful capital improvement plan as part of the
FY2026 budget process.
CAPITAL IMPROVEMENT PLAN PROGRESS
Due to its unique structure, capital improvements for Westlake Academy are included in the Town of Westlake’ s
operating and CIP budgets. The gym renovation and installation of modular buildings on campus were
completed by the end of FY2024. The Town will consider additional capital improvements, as needs arise,
throughout FY2025. A budget amendment will presented to Council for consideration when any projects are
identified, approved, and eligible for use of fund balance.
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