Is the CIP approved by Council?
Yes. The Town Administrator annually presents a recommended CIP to Town Council. Once Town Council approves the CIP by resolution, a financing strategy is developed by the Administration Office based on the five-year financial forecast. The first year of the plan serves as the coming year’s Capital Budget and includes the appropriations needed for the next fiscal year. The subsequent four years of the plan are planning years and subject to annual appropriation by Town Council.

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1. What is a CIP?
2. How is funding determined?
3. How is the CIP prepared?
4. Is the CIP approved by Council?
5. What is usually included in a CIP?
6. Is capital equipment planned in the CIP?
7. Is the CIP carved in stone?