Budget Primer: The Capital Budget

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The Capital Improvement Program ("CIP") is a five-year plan of capital projects to support the continued growth and development of the Town. 

The CIP Budget for 2012-2013 is $14.2 million.

Capital Improvement Program	2012/2013
General Fund	-
Highway	$1,012,810
Roadway Impact Fee	6,154,000
Storm-water Utility	550,000
Aquatic Center Project	3,450,000
Water Utility	3,040,000
Total	$14,206,810

 The following "pie charts"this information:

The plan for the following three fiscal years is $9.3, $21.7, $22.4 million, respectively.

The budget was created by the town from “An internal, cross departmental review of such projects..."  This is the process the town has used to created the CIP Budget for the past three years.  Prior to that time, a Capital Improvement Program Technical Advisory Committee ("CIPTAC") created this budget.  Town staff, a Town Council representative, and board and commission representatives, formed the CIPTAC.  CIPTAC identified new projects for inclusion in the CIP.  New projects incorporated goals and objectives identified in the Town’s Strategic Plan for the coming fiscal year. The approved CIP projects were incorporated into the town’s annual budget while the remaining years offered insight into the needs of the town for the next four years

The chart at left depicts the historical capital improvement spending for the past three years and the planned spending for this budget year and the subsequent four.
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