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City Of Elk River <br /> CAPITAL IMPROVEMENT PLAN <br /> 2014-2018 <br /> Enclosed is the City of Elk River's Capital Improvement Plan (CIP) for the years 2014- <br /> 2018. The document has been prepared for the City Council and Community to <br /> anticipate major expenditures in advance of the year they may become budget requests. <br /> The CIP is a planning tool that forecasts the City's capital needs over a five-year period <br /> based on the City's long-range plans, goals, and policies. City staff estimates the amount <br /> of funding that is needed for projects to be completed in the next five years. Projects <br /> listed in the first year are included in the budget and upon each annual update of the CIP <br /> some projects will be deleted, added, or even delayed reflecting community needs and <br /> financial ability to fund the project. <br /> Approval of the CIP by Council does not authorize spending or initiation of a given <br /> project nor allocate funding for any of the projects; it simply states that the Council's <br /> support and acknowledgement of the Capital Improvement Plan as a planning tool. <br /> Capital improvements to streets, parks, buildings, equipment, software, and vehicles are <br /> included in the CIP. This plan shows the estimated project costs and the anticipated <br /> funding source. Specific information is shown on each project within this document. <br /> The CIP does not put specific designation on the priority of the projects. This uniqueness <br /> of the type of project generally is associated with a funding source. Cash flow estimates <br /> are done frequently to review cash reserve levels associated with the project funds. <br />