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Budget in Brief

Capital Improvement Plan

The Town adopts a formal Capital Improvement Plan (CIP) for fiscal year 2018 and also presents a ten-year projection of anticipated new projects. The cost of new projects and equipment added to the Capital Improvement Plan in fiscal year 2018 are programmed at $16,924,000. In addition, the current CIP includes $84.0 million in projects appropriated in previous years. The ten-year plan includes an additional $25.3 million in proposed projects for the upcoming years.

The Town's larger projects planned for fiscal year 2018 are the Recreation Center expansion; new facility and road improvements for the USCB Campus; Coligny Area/Pope Avenue Initiative improvements with a Community Park; replacement of fire apparatus, sewer service projects, acquisition of private roads and road improvements, and beach renourishment.

The chart below reflects the historical, estimated actual, and budgeted expenditures by category:

       
% Change
 
FY 2017
Adopted
Budget
FY 2017
Estimated
Actual
2018 Budget
FY 2017
Budget
FY 2017
Estimated
Acutual
Beach Maintenance
750,000
17,854,093
8,550,000
1040.0%
-52.1%
Existing Facilities
2,850,000
4,048,485
884,000
-69.0%
-78.2%
Park Development
5,300,000
15,053,417
500,000
-90.6%
-96.7%
New Facilities
31,515,000
34,833,568
2,626,000
-91.7%
-92.5%
Pathway Improvements
100,000
206,057
100,000
0.0%
-51.5%
Roadway Improvements
8,172,250
12,166,474
775,000
-90.5%
-93.6%
Land Acquisition
-
-
20,000
100.0%
100.0%
Vehicles & Specialized Equipment
-
-
2,085,000
100.0%
100.0%
Transfer & Other Bond Costs
753,000
1,128,000
1,384,000
83.8%
22.7%
Total  
49,440,250
85,290,094
16,924,000
-65.8%
-80.2%

Capital Improvement Plan (CIP) for fiscal year 2018

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