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either by transfers from the contingency section of the general fund budget or by revenues <br />received in excess of the budgeted amounts.All budget amounts lapse at the end of the year to <br />the extent they have not been expended.The level which expenditures may not legally exceed <br />appropriations is at the fund level. <br />Long Range Planning (Capital Improvement Program (CIP)) Overview <br />As part of the annual budget and the long range planning process, the city also updates a 5-year <br />Capital Improvement Program <br />The Capital Improvement Process is on going throughout the year, as the city council studies and <br />approves various projects. The document preparation is an affirmation of those approvals as well <br />as a projection of potential projects that may be approved within the 5-year period. <br />The general guideline for inclusion would be equipment of a capital nature, and construction <br />project cost generally in excess of $500.Items may appear in the that are under the <br />minimum amount, but they are evaluated on the basis of the substance of the expenditure. <br />I-15 <br /> <br />