Five Year Capital Improvements Program
Capital Budget Process
The City of Dublin has implemented an annual schedule for the preparation and adoption of the Five-Year Capital Improvements Program (CIP) and the Operating Budget, which includes the annual capital budget.
The following time frames are key elements in the annual budget calendar:
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First quarter - City Council goal setting session(s)
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End of March - Adoption of goals by City Council
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End of June - Completion of the Administration's recommended Five-Year CIP
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July/August - City Council review of recommended CIP
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End of October - Completion of the Administration's recommended Operating Budget
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November- City Council review of recommended Operating Budget
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By December 31 - Adoption of Operating Budget and Appropriations Ordinances by City Council
The Five-Year CIP and the Operating Budget are two critical documents prepared annually. The relationship between these two documents is summarized by the following points:
Five-Year CIP
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Represents a long-term financial plan, including funding sources.
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Establishes priorities and serves as a planning document or blueprint for the City's investment in capital infrastructure.
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Provides a breakdown of major project costs and phasing.
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Does not appropriate money.
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As indicated by the above points, the Operating Budget is the document which authorizes the actual funding for the major and non-major capital projects.
Operating Budget - Annual Capital Budget
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Appropriates money to implement the first year of the Five-Year CIP.
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Appropriates money to implement a “phase of a major, multi-year project”.
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Appropriates money for non-major capital expenditures, including those of a continuing nature (i.e. fleet and equipment management, computers).