…Title
Capital Improvement Program
…Body
Staff will review the 2020 Budgeted CIP items with T-Board.
Background
The County primarily uses one fund, the Capital Improvement Projects Fund (CIP), to budget and account for Capital Project expenditures when those assets will be used in the County’s general governmental activities. The Capital Projects Permanent Fund accounts for amounts received under a settlement of prior years’ gross receipts taxes, established by the County Council and the County Charter for Capital Projects. Distributions from the CIP Permanent Fund to the CIP Fund are based upon a formula set in the County Code.
Group infrastructure capital and maintenance projects are also included in the Capital Improvement Program. The projects are for road reconstruction, information technology capital, parks small capital, parks major maintenance and major facilities maintenance. These ongoing projects require year to year funding. Amounts form previous years are carried over to provide continuous funding for these planned projects.
…Attachments
A - Capital Improvements - FY2020 Adopted Budget