Capital Improvements Program FY 2015 - 2024

Capital Improvements Program FY 2015 - 2024

Relationship to Annual Operating Budget

The CIP and Annual Operating Budget are linked in three main ways. First, some CIP projects are funded through annual operating funds, such as the General Fund (Capital Reserve Fund) and the Water Resources Fund. In these cases, the projects become authorized through the adoption of the Annual Operating Budget. Second, projects funded through debt financing (typically voter authorized bonds) impact the operating budget through ongoing debt service expense. Third, some CIP projects, such as new facilities, require ongoing expenses for staff and other operating costs, directly impact the operating budget.

Expenditure Overview

The FY 2015-2024 Capital Improvements Program (CIP) totals $1,418,410,356 .

Community Services, 6.79% Public Safety, 3.87% Expenditures by Result Area

General Government, 0.14%

Infrastructure, 89.20%

Highlights

The Infrastructure Result Area equals approximately $1.27 billion or 89.2% of the total proposed CIP spending over the next ten years. The result area consists of Engineering & Inspections, Field Operations, Planning and Community Development, Transportation, Coliseum, and the Water Resources departments. Projected Transportation capital expenditures over the next ten years total approximately $570 million, which accounts for 45% of the Infrastructure Result Area and 40% of the total proposed CIP. Projects planned for FY 14-15 include work on the Downtown Greenway, High Point Road Streetscape, Horsepen Creek Road, and a number of general sidewalk improvements and street maintenance projects.

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