Examples of capital projects include the replacement of a water or sewer line, installation of traffic signals, or the development of a new park. The amount an organization is investing in capital assets and capital projects shows their commitment to maintaining infrastructure and providing quality services. The numbers represent the total annual expenses made in these areas and are inclusive of all funding sources and types.
Data Source: This data comes from the City’s Financial Reporting Team from their reporting software (CaseWare). It includes all expenses/expenditures (i.e. capital outlay/noncapitalized exp.) from the City’s Capital Project Funds for both Governmental and Proprietary Funds, but does not include capital contributions or special donations.
Over the three-year period, infrastructure investment has increased 7.6%. The City’s commitment to improving internal processes and procedures in order to deliver capital projects in a timely manner continues to demonstrate that additional dollars can be expended when systems and processes are aligned. The city has multiple projects planned over the next five years, which can be seen in the five-year capital improvement programs.