Capital Improvement Program

what is the capital improvement program (CIP)?

A significant directive from the City Council to the management team was the development of a forward-thinking approach to assess both current and future capital requirements. In its core, the Capital Improvement Program (CIP) serves as a robust financial planning instrument tailored for long-term objectives, addressing the evolving needs of the community. It aims to enhance various crucial aspects, including:

  • Streets
  • Drainage
  • Parks
  • Public facilities
  • Utilities
  • Other essential functions of the city

Annually, DeSoto residents are invited to participate in a comprehensive online and mail-in citizen survey. They are asked to prioritize proposed projects, and the feedback collected is then organized and presented to the City Council for their approval. Through this well-structured process, the city maps out improvements over time, ensuring their financial feasibility. This approach enables the city to effectively plan and fund these essential projects

CIP Presentation

CRITERIA

Generally projects in the CIP are relatively expensive, nonrecurring, have a multi-year useful life, and result in fixed assets. The criteria for a project to be considered under the CIP is that it:

  • Must have a life expectancy greater that five years
  • Requires vehicles, heavy equipment or machinery that have a value of at least $200,000 or are a part of a larger project such as the addition of a fire substation
  • Must be at least $100,000 in value
Projects are added and deleted from the approved list as a result of adjusted funding or project completion. The CIP:

  • Lists each capital project and proposed methods of financing
  • Attempts to identify and plan for all major capital needs
  • Deals with capital items that are different from those which are covered under the capital outlay category in each department's annual operating budget
The CIP represents the best efforts to allocate available resources toward projects that provide the most benefit for the citizens of DeSoto.

The CIP will be reviewed each year to reflect changing priorities and provide a framework for identifying capital requirements and the impact of capital projects on:

  • Operating budgets
  • Scheduling
  • Coordinating related projects