Annual_Budget_1992_001 - Laserfiche WebLink

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._�• • . • �_�:�: � . .: r •• To ensure capital expenditures are well planned to enable the city to replace capital items rhen needed, without requiring eignificant fluctuations in tas levy. ��..'�' ' All departments and funds are included in the Five Year Capital Improvement Program (CIP). The CZP identifies the timing and ,. __.financing of all capiial items. 'f�� . All capital imp=ovements shall be made in accordance with an adopted Capital Improvement Proqram. � . The City will develop a Five Year Plan for capital improve- ments and update it annually. ' . The City will enact an annual capital budget based on the ' multi-year Capital Improvement Plan. Future capital expendi- tures necessitated by changes in population, changes in real estate development, or changes in economic base will be _ identified and included in capital budget projections. . The City will coordinate development of the capital improve- ment budget with development of the operating budget. Future operational costs associated with new capital improvements will be projected and included in operatinq budget forecasts. . The City will provide ongoing preventative maintenance and upkeep on all its assets at a level adequate to protect the City's capital investment and to minimize.future maintenance and replacement costs. . The City will identify the estimated costs and potential funding sources for each capital project proposal before it is submitted to Council for approval. . The City will determine the least costly financing method for all new projects. IMPLEMENTATION 1. The Capital Improvement Program has been updated to reflect capital expenditures through 1996. 2. All items in the 1992 Budget are programmed in the Capital improvement Program. 27