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2022.06.28 WS Packet
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2022.06.28 WS Packet
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Capital Improvement Plan (CIP)Informal commitment to update and annually assess a 10 year CIP for review and discussion with City Council.•Began in 2016 for effective management of capital assets and to ensure funding is available for projects which are scheduled in future years.•GFOA recommends that local governments prepare capital improvement plans that cover a period of at least three years but preferably five or more•The CIP is annually presented to council at an August worksession and adopted at the December council meeting•The CIP book is posted to the City’s website to promote transparency•Staff Recommendation: Continue this commitment
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