The Capital Improvement Program is created as part of the biennial budge process. It is the planning document through which the City identifies the capital projects that should be funded in the biennial budget and identifies a tentative list of projects to fund three to five years in the future. The City Council provides direction to staff on modifications, then adopts a final CIP. In a separate but linked action, the City Council approves the capital improvement project fund budgets that are part of the complete biennial budget.
The CIP is financially constrained as the cost of all potential projects exceeds available funding. Projects to maintain, renew, or replace existing capital assets or to build entirely new facilities are funded by many sources. City staff has used the following criteria to prioritize projects;
- Improve health, welfare, safety, environment and meet regulatory or mandated requirements
- Project funded with outside grant funds which may be forfeited if the project is not completed;