What does a Capital Improvement Plan (CIP) typically describe?

A Capital Improvement Plan (CIP) typically describes the capital investments intended over a multi-year period. This plan serves as a strategic framework for planning and funding significant projects, such as the construction of new facilities, infrastructure improvements, and upgrades to existing capital assets. It outlines the priorities of capital projects, estimated costs, potential funding sources, and timelines for completion, allowing for long-term investment strategies that align with the community's needs and goals.

The focus of a CIP is on long-term planning rather than annual operational expenses. It separates capital expenditures from operational budgets by concentrating on large, tangible assets that provide benefits over several years. Thus, the emphasis is on multi-year investment strategies rather than immediate operational necessities or budgeting processes for daily departmental functioning.