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Timing of Projects and Expenditures <br />The total amount of capital expenditures included in the CIP is $62,146,100. The <br />projects and equipment in the CIP have been staged appropriately to align with <br />affordability and available funding sources. Each project has a financing plan and a <br />review of funding sources is important in the context of total expenditures. Through <br />long-term financial planning, the city strives to minimize impact on local property taxes. <br />All projects and expenditures are subject to approval and annual appropriation by the <br />City Council, as well as city purchasing and capital expenditure policies. <br />Summary of CIP Expenditures by Year <br />7