The Capital Improvement Plan (CIP) provides an organized timeline for the purpose of scheduling capital projects and planning long-term debt. The annual program calendar starts each August shortly after the City Council establishes its policy direction for the coming year and culminates in December to allow for next year’s capital expenditures and debt issues to be finalized and included in the City’s final budget for the upcoming year.
The annual Capital Improvement Plan process is a process created for the purpose of developing a five-year capital improvement program. The CIP process is intended to provide a format for departments to submit projects to the City Manager and to the City Council while providing a means for reviewing and evaluating capital projects. The first year of the Capital Improvement Plan will be included as part of the budget submitted for Council approval each March. The first year of the Plan also determines the amount of general obligation bonds and other debt instruments to be issued over the upcoming year.
The City Council and City Staff are currently developing and reviewing the proposed 2016-2020 CIP. On December 4, 2014 the Clive City Council approved the current Capital Improvement Plan for years 2015-2019. The approved 2015-2019 CIP is included below:
- Section 1 - City Manager Transmittal Letter
- Section 2 - Project Summary by Financing Type
- Section 3 - Debt Projections and Debt Service Levy Impacts
- Section 4 - Project Summaries and Details
- Section 5 - Citywide and Street Rehabilitation Project Maps
The City Council has established a policy to guide the development and consideration of capital projects with the approval of the Capital Improvements Plan Policy Statement on July 21, 2011. Click here to see the approved policy statement.
The following are the definitions for what qualifies as a capital project and what qualifies for long-term bond financing.
- Capital Expenditure – The improvement of land or buildings that is greater than $5,000, is not an ordinary repair or maintenance expenditure, and has a useful life of three years or more. A capital improvement is budgeted in the Capital Improvement Fund if it is greater than $50,000 and has a useful life of ten years or more and especially if funded through general obligation bonds.
- Long-term borrowing, defined as borrowing over at least a ten year period for repayment, shall be limited to capital improvement projects that cannot be financed from current revenues and to capital equipment with a useful life of 10 years or greater and a purchase cost of $250,000 or greater. Long-term debt shall not be budgeted for current operations.