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Short term= 2-5 years ex: new library branch, redo water tx facility

Long term= 5-10 years ex: new freeway, new arena or ballpark

Specific data elements: from Wikipedia

  1. Establish a Capital Planning Committee with Bylaws
  2. Take Inventory of Existing Capital Assets
  3. Evaluate Previously Approved, Unimplemented or Incomplete Projects
  4. Assess Financial Capacity
  5. Solicit, Compile and Evaluate New Project Requests
  6. Prioritize Projects
  7. Develop a Financing Plan
  8. Adopt a Capital Improvements Program
  9. Monitor and Manage Approved Projects within the CIP
  10. Update Existing/Ongoing Capital Programs
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Q: What is the specific data elements included in a capital improvement plan and the typical time period of a capital improvement plan?
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