Columbine Valley looks ahead to the future. Each year, as part of the budget process, the Board of Trustees adopts a list of construction projects in the 10-year Capital Improvement Program (CIP) with details for the first five years. The first year in the five-year plan aligns with the current budget. The remaining portion of the document is a planning tool that shows the current state of thinking, yet depends on future funding.
The CIP summarizes all major capital expenditures to be made over the next 10 years. This plan includes limited financial forecasts and project costs by fund and the year in which the revenues and costs are anticipated. To be included in the CIP, the project must meet the following guidelines:
- Costs are expected to be over $5,000
- The project has a useful life of more than one year
- The projects are non-reoccurring
- The project results in the addition of a fixed asset, extends the useful life of an existing asset or is a major equipment or software purchase
During the preparation process, staff identified what would be necessary to meet existing levels of service to the community and evaluated which projects could be reasonably accomplished each year, within the financial and staff limitations of the Town. Contractual obligations and/or needs were considered in setting priorities.
Capital improvements maybe funded through a variety of sources, including the use of revenues, impact fees, debt financing, grants and special funds. All available current and future resources were considered when identifying funding sources for the identified capital improvements. The CIP costs projected meet, but do not exceed, the limitations of those funding sources.
In 2022, the Board of Trustees voted to tackle a significant infrastructure project in 2023. Almost every single road will have improvements made that are designed to extend the life cycle of the road. In addition, several stormwater improvements will be completed. See the plan and study map here.