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City Of Elk River <br />CAPITAL IMPROVEMENT PLAN <br />2009 - 2013 <br />Enclosed is the City of Elk River's Capital Improvement Plan (CIP) for the years 2009- <br />2013. The document has been prepared for the City Council and Community to <br />anticipate major expenditures in advance of the year they may become budget requests. <br />The CIP is a planning tool that forecasts the City's capital,needs aver afive-year period <br />based on the City's long-range plans, goals, and policies. City staff estimates the amount <br />of funding that is needed for projects to be completed in he next five years. Projects <br />listed in the first year are included in the budget and upon each annual update of the CIP <br />some projects will be deleted, added, or even delayed reflecting community needs and <br />financial ability to fund the project. <br />Approval of the CIP by Council does. not authorize spending or initiation of a given <br />project nor allocate funding for any of the projects; it simply tates that the Council's <br />support and acknowledgement of the Capital Improvement Pan 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 <br />funding 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 <br />are done frequently to review cash reserve levels associated with the project funds. <br />