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City of Elk River <br />CAPITAL IMPROVEMENT PLAN <br />2019 2023 <br />nt Plan (CIP) for the years 2019-2023. <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 - <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 <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 />