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Timing of Projects and Expenditures <br />The total amount of capital expenditures included in the CIP is $79,566,600. 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 />2023-2027 CIP EXPENDITURES BY YEAR <br />2023 � 11 $12,865,850 <br />2024 $9,131,250 <br />2025 $45,168,250 <br />2026 0 $2,070,250 <br />2027 I $10,331,000 <br />