Fiscal Year 2013-2015 Special Budget Meeting

Proposed CIP Page 3 CAPITAL IMPROVEMENT PROGRAM OVERVIEW A Capital Improvement Program (CIP) represents a major investment in a city's infrastructure and assets. It must balance repair and replacement of existing assets with delivering new assets where they may be needed. It must reflect the overall priorities of the City. It has a huge impact on the health and vibrancy of the community. This recommended Capital Improvement Program comprises three areas of investment:  Infrastructure  Equipment  Information Technology Each of these categories is described in detail in this document. Infrastructure projects include projects for which funding is available and are recommended for adoption. Likewise, Equipment includes equipment purchases funded through a Master Lease Agreement. Information Technology investments list all high priority projects, however the funding for these projects may still need to be identified. Oakland's Capital Improvement Program is formally reviewed and approved every two years, as part of the biennial policy budget. Capital projects are defined as any long-term investment that builds, replaces or improves an asset (buildings, roads, parks, sewer and drainage lines, etc.) and that has a useful design life of at least ten years and a minimum cost of $50,000.Equipment and Information Technology investments have different useful life due to the nature of the purchase and are more specifically defined in their respective sections below.