5 Year Capital Improvement Plan (CIP)
Each year the Public Works Department updates the 5 year capital improvement plan (CIP). The CIP is developed for long range capital improvement planning and budgeting. A capital improvement project is typically a one-time expenditure, usually in excess of $50,000, that results in a tangible fixed asset.
Projects can focus on immediate needs or anticipate future needs before critical failures. Projects that are identified on the CIP are not funded and are included for planning purposes and to recognize a need. Not all projects receive the necessary funding to accomplish them in a projected year, which is why the list is updated annually. Many projects are dependent on non-local funding sources which the City can expect to seek, but are not guaranteed. Availability of outside funds can vary with local, state, and federal economies, among other unpredictable factors. Additionally, the City' s needs can, and do, change frequently.
Each project has a preliminary cost estimate and brief description. Some projects rely on outside funding, such as major building projects. Some projects may seek outside funds but end up locally funded based on the severity and critical nature of the project, such as pavement repair.
The CIP is developed in coordination with city departments, the administration, boards & commissions, and the city council. The plan attempts to balance capital needs, funding expectations, manpower, and resources.