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City of Elk River <br /> CAPITAL IMPROVEMENT PLAN <br /> 2018 - 2022 <br /> Enclosed is the City of Elk River's Capital Improvement Plan {CIP} for the years 2018-2022. <br /> The document has been prepared for the City Council and Community to anticipate major <br /> expenditures in advance of the year they may become budget requests. The CIP is a <br /> planning tool that forecasts the city's capital needs over a five-year period based on the city's <br /> long-range plans,goals, and policies. City staff estimates the amount of funding that is <br /> needed for projects to be completed in the next five years. Projects listed in the first year are <br /> included in the budget and upon each annual update of the CIP some projects will be <br /> deleted, added, or even delayed reflecting community needs and financial ability to fund the <br /> project. <br /> Approval of the CIP by Council does not authorize spending or initiation of a given project <br /> nor allocate funding for any of the projects;it simply states the Council's support and <br /> 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 funding <br /> 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 are <br /> done frequently to review cash reserve levels associated with the project funds. <br />