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Capital Planning and Budgeting
Local Government and School Accountability
Capital Planning and Budgeting
A Tutorial for Local Government Officials
Module 1 - The Capital Improvement Plan
Developing a Comprehensive Policy
Capital program goals and objectives should be included in a formal policy adopted by the governing board. This policy will provide a framework for the local government's long-term capital plan and should address all the implementation aspects of the multiyear program including:
- Governing board involvement
- Legal ramifications (bidding, borrowing, reserves, etc.)
- Program coordination responsibilities
- Information requirements (content, timing and sources)
- Recordkeeping
- Acquisition criteria
- Request process
- Approval process
- Budget information
- Financing
- Program modifications
- Performance measures
- Reporting requirements
