The City annually prepares and adopts a Capital Improvement Program (CIP).  The CIP establishes which projects will be undertaken during the next fiscal year and proposes other projects for the balance of a five-year period.  The CIP is utilized as a financial tool and is required to meet underwriting criteria for issuing bonded indebtedness.  The CIP should also be considered as the primary method of implementing the goals and objectives of the City's Comprehensive Plan and other adopted plans or strategies.

City Staff and the Mayor have approved the submission to the City Council.  Staff comments include:

* The Proposed FY 2020 CIP outlines a detailed listing of projects and calls for the expenditure of $62,176,000.  The FY 2020 CIP should be considered final.

*The balance of the CIP for FY 2021 through 2024 contains preliminary allocations by departments for expenditures over a four year period and should be considered preliminary.  Additional project detail and review projections are necessary.