A Capital Improvement Program is a blueprint for planning the County's capital expenditures and is one of the most important responsibilities of local government officials. It coordinates community planning, financial capacity, and physical development.
A Capital Improvement Program is composed of two parts-- a capital budget and a capital program. The capital budget is the upcoming years spending plan for capital items (tangible assets or projects that cost at least $30,000.00 and have a useful life of at least 5 years). The capital program is a plan for capital expenditures that extends five years beyond the capital budget.
The intent of the CIP is to identify in one document all capital projects that the County and its many related agencies are undertaking in the next five years regardless of funding mechanism. The County set up the Capital Improvement Program with the following goals:
Marathon County has maintained its commitment to protect the County's investment in its capital assets and infrastructure. The process started in 1989, has allowed the County the needed flexibility to maintain its capital assets while allowing the County services to continue to serve the needs of the citizens.
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