Board-approved Capital Improvement Plan helps guide Township’s long-range financial decisions

Date: September 10, 2018

The Ferguson Township Board of Supervisors approved the Township's Capital Improvement Plan (CIP) at its Regular Meeting on Tuesday, September 4. The CIP focuses on capital items, and includes revenues and operating predictions to enhance its usability.  The Township updates the CIP annually to improve its relevancy and account for price changes and choices.
   
The CIP is a plan—not an official budget, nor an authorization to spend; rather, it is a guide to help the Board of Supervisors strategize and better prepare for future investments in capital, infrastructure, staffing and more.

Ferguson Township defines a capital item as anything that has a cost greater than $2,500 and an expected life of longer than one year.

In addition to identifying expenditures, the CIP also depicts the Township’s financial outlook over the next five years. The CIP helps guide the development of the Annual Operating Budget and enables the Board to prioritize expenditures based on need and financial stability.

The Township presented the 2019 – 2023 CIP in two work sessions with the Board of Supervisors on July 31 and August 1; both were open to the public.

The CIP is available for review at the Township office and at the link below.

2019 - 2023 Capital Improvement Plan_FINAL