The City of Perkins Capital Improvement Plan for Fiscal Year 2022 was approved by the City Commission on April 30, 2021.
The Capital Improvement Plan (CIP) outlines the City’s plan for achieving the goals, objectives, and service delivery levels desired by the Mayor and City Commission. The purpose of this plan is to forecast and match projected revenues and major capital needs over a five-year period. Capital planning is an important management tool that strengthens the linkage between community infrastructure needs and the financial capacity of the City.
The CIP is updated annually to ensure that it addresses new and changing priorities within the City.
The CIP is updated annually as part of the City’s regular budget process. After departments submit their CIP requests annually, the City Manager and the Finance Director review and evaluate the proposed projects based on Mayor and City Commission priorities, infrastructure needs, the financial capacity of the city, and the impact the projects could have on the City’s operating budget.
Once the projects are evaluated, recommendations are made as to the selection and timing of capital projects through future fiscal years. First-year projects are incorporated into the City Manager’s recommended annual operating budget. The Mayor and City Commission are also presented the future, unappropriated, planning years for their consideration, review, and endorsement so that staff can proceed with planning and evaluation of potential capital projects.
The capital improvement plan is simply that – a plan. As such, projects are subject to change based on new or shifting service needs, the availability of funds, special financing opportunities, emergency needs, or other directives or priorities established by the Mayor and City Commission. Because priorities can change, projects included in outward planning years are not guaranteed for funding.