• Renewal and preservation <br />• Community interests <br />Project Funding <br />The funding sources for capital projects come from the following areas: <br />Capital Funds allocated from rates <br />System Development Charges <br />Bond Authorizations <br />Budget Development <br />Following adoption of the CIP by the EWEB Board of Commissioners, the projects in the first <br />year become the basis for preparing next year's Capital Budget. Projects in the CIP's second year <br />then become the subsequent year's Capital Budget. The Capital Budget is submitted to the <br />Board in the fall of each year and is usually adopted in November/December of that same year. <br />At the time each year's Capital Budget is approved, changes to project timing or funding in the <br />Capital Budget are automatically adopted as amendments to the CIP. <br />The CIP will be updated annually to reflect the latest update of system needs. These updates will <br />be presented during the annual budget process. <br />Water Division -Five-Year Capita! Improvement Plan <br />