a program that spaces projects over several years, allowing municipalities to stay within their debt limit.
A long-range plan of proposed Capital Improvement Projects with single and multiple-year capital expenditures. The CIP is updated annually. Appropriations for each approved project are presented in the annual budget. Some projects may span more than one fiscal year.
is a program adopted by a government agency which prioritizes individual capital improvement projects which are to be constructed over a certain period of time, based upon funding which has been, or will be, allocated.
A community's plan for matching the cost of large-scale improvements—such as fixing roads, water and sewer mains—to anticipated revenues, such as taxes and bonds.
A plan for capital improvements to be implemented each year over a fixed period of years to meet capital needs arising from the assessment of long-term needs. It sets forth each project in which the government is to have a part and specifies the full resources estimated to be available to finance the projected expenditures.
A multiyear (sometimes a single year) schedule of capital expenditures for construction or equipment at an airport.
The CIP guides the development of public facilities over a five year period. It shows the arrangement of projects in a sequential order based on a schedule of priorities and assigns an estimated cost and anticipated method of funding each project. The Capital Improvement Program provides the financial foundation necessary to implement the Comprehensive Plan and public facilities plans.