84
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.
____________________________
PROPOSED ADOPTED
Contribution from General
Fund $ 1,926,000 $1,943,000
State of
Community Development Block
Grant 240,000 240,000
Revenue Sharing Grant
450,000
Other
247,000 247,000
Interest on Investments 255,539 255,539
Transfer from Other Funds 239,000 239,000
Capital Fund Balance 737,000 1,017,000
___________ ___________
Total Capital Improvement
Program $ 4,003,344 $4,750,344
___________ ___________