FY2024 adopted budget book — official finance index

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Capital Improvement Plan
FY 2024 to FY 2028
The Capital Improvement Plan (CIP) is a document approved by Mayor & Council along with the
Operating Budget to outline a 5-year plan for upgrading, maintaining, and replacing the City’s
capital assets. Capital assets cost at least $20,000 and have a useful life of at least three years.
The “CIP” encompasses four capital project funds: General Fund CIP, E-911 CIP, Water/Sewer CIP,
and Storm Water CIP. The General Fund CIP and the E-911 CIP are normally funded by transfers-in
from the General Fund. In FY24, $1,483,000 of current projects will be funded by the American
Rescue Plan Act (ARPA) Fund. The remaining $800,000 will be funded by a transfer-in from the
General Fund. The Water/Sewer CIP is funded by a transfer-in from the Water/Sewer Fund. The
Storm Water CIP is funded by a storm water fee assessed on residential and commercial properties.
Departments submitted their new and revised capital requests for review by the CIP Committee, an
ad-hoc committee composed of staff from Administration, Finance, and select departments.

General Fund CIP
The Committee recommends 41 projects for the FY 2024 - FY 2028 CIP. Twenty-nine of these
projects are carried over from the FY 2023 - FY 2027 CIP adopted by Mayor & Council in the FY
2023 budget process. Twelve projects are new requests from the Departments:
• 3 new requests to fund Parks project
• 5 new requests to fund Public Safety projects
• 4 new requests to fund Public Works projects