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• The infrastructure fund or an outstanding debt service fund will receive any fund balances remaining in any debt service fund once the debt is retired. The city will maintain capital improvement fund accounts for the timely purchase and replacement of equipment in excess of $1000 or that will last for three or more years as identified in the five year capital improvement program. V. CAPITAL IMPROVEMENT POLICIES A. Purpose • The purpose of the city's capital improvement replacement of obsolete equipment, purchase repairing and replacing the infrastructure without changes in the tax levy. B. Policy is to plan for the capital items, and implementing significant The city will plan for the timing, expenditures, and future revenue sources for all capital purchases over $1000 or lasting for three or more years as part of the five-year capital improvement program. The city will use the threshold level of $5000 to determine if the capital asset is listed in the general fixed asset account group. The city will time the capital improvement projects to accommodate administrative workloads for planning and implementing these improvements each year. The city will plan the capital improvement program to assure that funds remain to accrue interest in each capital account whenever possible and use its reserve policy to provide a revenue source for these funds. The city will plan a realistic capital improvement program including creative, but workable projects. The city will anticipate equipment replacements and additions in its capital improvement program. The city will project the future operating costs of capital improvements into the upcoming general operating budgets. For example, the addition of park shelters, play equipment, and landscaping will require more park maintenance expenditures from the operating budget. program of new The city will maintain its capital assets, including infrastructure, land, buildings, • and equipment, to protect the city's capital investment and to minimize future capital expenditures.