8.1. SR 12-19-2016 - Laserfiche WebLink

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City of Elk River CAPITAL IMPROVEMENT PLAN 2017-2021 Enclosed is the City of Elk River's Capital Improvement Plan (CIP) for the years 2017-2021. The document has been prepared for the City Council and Community to anticipate major expenditures in advance of the year they may become budget requests. The CIP is a planning tool that forecasts the city's capital needs over a five-year period based on the city's long-range plans, goals, and policies. City staff estimates the amount of funding that is needed for projects to be completed in the next five years. Projects listed in the fust year are included in the budget and upon each annual update of the CIP some projects will be deleted, added, or even delayed reflecting community needs and financial ability to fund the project. Approval of the CIP by Council does not authorize spending or initiation of a given project nor allocate funding for any of the projects; it simply states the Council's support and acknowledgement of the Capital Improvement Plan as a planning tool. Capital improvements to streets, parks, buildings, equipment, software, and vehicles are included in the CIP. This plan shows the estimated project costs and the anticipated funding source. Specific information is shown on each project within this document. The CIP does not put specific designation on the priority of the projects. This uniqueness of the type of project generally is associated with a funding source. Cash flow estimates are done frequently to review cash reserve levels associated with the project funds.