2024-2029 Capital Improvement Plan

• The CIP covers projects with estimated costs over $50,000 and useful lives of 4+ years.
• Project descriptions and estimated costs are detailed for each fiscal year.
• Planned spending:
  • $32.9 million for the 2024/25 fiscal year.
  • $74.4 million between 2025 and 2029 for over 120 capital projects.
• The most accurate project list is for the current and upcoming fiscal year; future years have less defined projects due to uncertain funding and shifting priorities.

While the city budgets projects per fiscal year, each project has a unique schedule, and projects often span more than one budget cycle. These projects will appear as line items in multiple fiscal years. Capital budgets are heavily dependent on grants and other outside funding sources which can result in large differences between budgets in each fiscal year. In the current plan, annual spending ranges from $12.6 million to $32.9 million.

Note that 12 city departments are planning capital projects between 2024-2029. The vast majority of capital projects include work on Utilities, Streets, Facilities, and Fleets. In the current plan, these types of projects represent 91% of all projects within the CIP. A very small number of projects (4% in the current plan) are for new infrastructure because most of our resources are used to maintain and improve existing assets.

Certain types of funding sources are used more regularly. Most years include a project at McGraft Park because an endowment provides regular funding. Other types of projects that are common include police equipment and vehicles, upgrades to the water filtration plant, and street projects.