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Financial programs, plans, and reports <br />130 <br />131 <br />CIP (Capital Improvement Plan) <br />132 <br />What is it? <br />133 <br />A Capital Improvement Plan (CIP) is a short-range and long range plan, <br />134 <br />which identifies capital projects and equipment purchases, provides a 20 year <br />135 <br />planning schedule and identifies options for financing the plan. The CIP <br />136 <br />usually covers from four to ten yearswith a high degree of accuracy and then <br />137 <br />as in the case ofRoseville, CIP extends to 20 yearsfor planning purposes. <br />138 <br />CIP funds are used for structural improvement or replacement of capital <br />139 <br />assets only. <br />140 <br />Why is it important? <br />141 <br />Having such a clearly identified capital assets plan allows the City to allocate <br />142 <br />sufficient financial resources to meet the projected future needs of the City’s <br />143 <br />programs. <br />144 <br />Where can I find out more about it? (URL) <br />145 <br />Proposed 2012-2031 Capital Improvement Plan <br />146 <br />https://www.cityofroseville.com/documentcenter/view/4802 <br />147 <br />148 <br />Asset Management and Infrastructure Program <br />149 <br />What is it? <br />150 <br />The Asset Management Program was adopted by the City of Roseville as a <br />151 <br />mechanism to track all major infrastructure assets within the City.Each <br />152 <br />department followsthe capital assets under its control, providing data on the <br />153 <br />current condition, history of repairs, and expected life span of the asset.This <br />154 <br />informationis necessary to feed into and develop the Capital Improvement <br />155 <br />Plan (CIP)andallows the Departments and the City to better predict the <br />156 <br />upcoming costs of maintaining assets over the short and long term. <br />157 <br />Why is it important? <br />158 <br />Such tracking of our assets allows the City to predict and plan for funding to <br />159 <br />maintainthehigh quality servicesit provides. <br />160 <br />Where can I find out more about it? (URL) <br />161 <br />https://www.cityofroseville.com/documentcenter/view/24896 <br />162 <br />163 <br />PIP (Park Improvement Program) <br />164 <br />What is it? <br />165 <br />The Park Improvement Program(PIP) ispart of the Capital Improvement Plan <br />166 <br />(CIP) and is made up of mid-range project items that are less predictable but <br />167 <br />can be scheduledwell in advance. Typically PIP programs need to be more <br />168 <br />closely managedthan daily maintenance items that are more systematized. <br />169 <br />Mid-rangeprojects tend to be system-wide such as the mulching of trees, ag- <br />170 <br />5 <br />13 <br /> <br />