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Financial programs, plans, and reports <br />CIP (Capital Improvement Plan) <br /> What is it? <br />A Capital Improvement Plan (CIP) is a short-range and long range plan, <br />which identifies capital projects and equipment purchases, provides a 20 year <br />planning schedule and identifies options for financing the plan. The CIP <br />usually covers from four to ten years with a high degree of accuracy and then <br />as in the case of Roseville, CIP extends to 20 years for planningpurposes. <br />CIP funds are used for structural improvement or replacement of capital <br />assets only. <br /> Why is it important? <br />Having such a clearly identified capital assets plan allows the City to allocate <br />sufficient financial resources to meet the projected future needs of the City’s <br />programs. <br /> Where can I find out more about it? (URL) <br />Proposed 2012-2031 Capital Improvement Plan <br />https://www.cityofroseville.com/documentcenter/view/4802 <br />Asset Management and Infrastructure Program <br /> What isit? <br />The Asset Management Program was adopted by the City of Roseville as a <br />mechanism to track all major infrastructure assets within the City. Each <br />department follows the capital assets under its control, providing data on the <br />current condition, history of repairs, and expected life span of the asset. This <br />information is necessary to feed into and develop the Capital Improvement <br />Plan (CIP) and allows the Departments and the City to better predict the <br />upcoming costs of maintaining assets over the short and long term. <br /> Why is it important? <br />Such tracking of our assets allows the City to predict and plan for funding to <br />maintain the high quality services it provides. <br /> Where can I find out more about it? (URL) <br />https://www.cityofroseville.com/documentcenter/view/24896 <br />PIP (Park Improvement Program) <br /> What isit? <br />The Park Improvement Program (PIP) is part of the Capital Improvement Plan <br />(CIP) and is made up of mid-range project items that are less predictable but <br />can be scheduled well in advance. Typically PIP programs need to be more <br />closely managed than daily maintenance items that are more systematized. <br />Mid-range projects tend to be system-wide such as the mulching of trees, ag- <br />5 <br /> <br />