The City’s Capital Improvement Program (CIP) is a six-year funding plan for City projects that are generally large-scale in terms of cost, size, and benefit to the community. Called “capital improvement projects”, all such identified projects stem from the City’s various long-range plans, goals, policies, and emergent issues.
The City Council adopts or adjusts the rolling six-year CIP on an annual basis.
Projects identified as funded in the six-year CIP generally means that the City has identified a strategy for how to pay for a particular project—or a logical phase of it—or for an on-going capital program such as annual street overlays. A project may be funded with only one revenue source, such as transportation impact fees, but often it is through a combination of sources such as local taxes, a grant, a required contribution from a development project, and/or revenues that can be used for only certain types of public improvements. They are “funded” because the City has identified a sufficient amount of available money to meet the anticipated total cost for the project.
However, the community’s need for capital improvements significantly exceeds available funding. As a result, the City has numerous projects that are identified as ones to potentially build in the future but, as a result of assigning available revenues to other capital improvement projects, there simply is not enough money at the moment to fully pay for them. They are unfunded. The City maintains a list of unfunded projects and seeks to fund them in the future, but they are not included in the six-year CIP plan and generally they don’t have an estimated start time.