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CAPITAL IMPROVEMENT PLANNING
A Capital Improvement Plan (CIP) is prepared annually to give an expenditure forecast for a prospective five year period. This plan is updated annually to determine the funding requirements for the entire term and specifically for the upcoming budget year. The planning process is a “bottom up” process that begins with departmental requests for new projects and flows through a review process. The Finance department and City Administrator review project details, costs, and forecasted operating costs to determine the necessity and timing of projects. The collective body of recommended projects then goes to the Board of Mayor and Aldermen for review and approval. |