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Guide to it Capital Planning and Investment Control CPIC Form

Guide to it Capital Planning and Investment Control CPIC Form

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Welcome. In this presentation we will explore the policies and procedures that a municipality should have in place to ensure the success of a capital planning process. We will also walk through a brief overview of a sample capital budget process. Capital planning provides a strategy for maintaining a community's capital assets. It is critical for a municipality to have a plan to maintain and improve existing infrastructure. Whether it be school buildings, roads and bridges, parks and playgrounds, libraries, senior centers, public safety equipment, water/sewer systems, or IT infrastructure, replacing and/or upgrading of these municipal assets must be planned for in a financially prudent manner. An effective capital plan also allows for investments necessary to meet future demands for service change. Planning for continual reinvestment can help avoid financial crisis caused by sudden failures due to years of underinvestment. In practical terms, a capital investment plan serves to

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