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TOWN OF
ANNUAL BUDGET
CAPITAL IMPROVEMENT PROGRAM & BUDGET
The Capital Improvement Program is a comprehensive list of public improvement projects which are proposed for the Town over the course of the next six years. On the pages which follow, you will find (1) a summary of proposed expenditures by year and project type; (2) a summary of proposed expenditures by year and source of funds; and (3) project detail sheets for each project which set forth a brief description of the project, an estimate of costs, a proposed method of financing, and a time schedule for project implementation.
Each year, the Capital Improvement Program is reviewed and extended another year, thus maintaining a constant six year program. The annual review of the program permits the Town to adapt to changing circumstances, and, as needs change, to modify plans and priorities as required.
The Capital Budget is adopted annually and is predicated on the Capital Improvement Program. It provides for the formal allocation of funds, by appropriation, for the projects in the first year of the Capital Improvement Program.
JULY 1, 2007 - JUNE 30, 2008
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PROPOSED ADOPTED
Contribution from General Fund $ 1,973,611
State of
Interest on Investments 311,315
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Total Capital Improvement Program $ 2,302,500 $
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