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Reader's Guide <br />,~ <br />Capital Projects Definition <br />~ A capital project is defined as an activity that creates, improves, replaces, repairs, or maintains a <br />fixed asset and results in a permanent addition to the City's inventory. This is accomplished <br />through one or more of the following actions: <br />• Acquisition of property; <br />• Construction of new facilities; and/or <br />'` Rehabilitation, reconstruction or renovation of an existing facility to a .condition which <br />• extends its useful life or increases its usefulness or capacity. <br />Fixed assets include land, site improvements, parks, buildings, streets, bike paths, bridges, <br />stormwater facilities, and wastewater systems. Certain types. of equipment, such as the hardware <br />attached to or purchased with the land or building, are also included. The purchase of vehicles is <br />not typically considered a capital project. In certain purchases using federal funding, vehicles <br />maybe included in the CIP. <br />Capital projects are generally large-scale endeavors in terms of cost, size and benefit to the <br />community. They involve nonrecurring expenditures or capital outlays from a variety of <br />specifically identified funding sources and do not duplicate normal maintenance activities <br />funded by the operating budget. <br />Capital Improvement Program (CIP) <br />The Capital Improvement Program (CIP) forecasts Eugene's capital needs over asix-year period <br />based on various city-adopted long-range plans, goals and policies. The City updates the CIP <br />every two years. <br />For a majority of the proposed capital projects, the CIP represents decisions that have occurred <br />prior to the review of the draft CIP. These projects are included in the CIP to ensure that the <br />document serves as a complete listing of all capital projects the City plans to begin to construct <br />over asix-year period. Other projects in the CIP represent newly proposed capital spending on <br />specific projects or generic categories of projects, such as general site and facility improvements <br />in the Public Buildings and Facilities section. The public review of the draft CIP is used to gather <br />additional input and reach a final decision on how the City should allocate its capital dollars over <br />this period of time. <br />CIP Goals <br />The goals of the CIP are to: <br />• Provide a balanced program for capital improvements given anticipated funding over a <br />six-year planning period; <br />• Illustrate unmet capital needs based on anticipated funding levels; and <br />• Provide a plan for capital improvements which can be used in preparing the Capital <br />Budget for the coming two fiscal years. <br />City of Eugene 2008 - 2013 Capital Improvement Program <br />