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CIP <br />•Capital Levies should be a strategic implementation to fund <br />both near-term and long-term capital projects. <br />•Should not be viewed in terms of dollar-for -dollar affect on <br />the current levy if revising the plan for capital <br />expenditures. <br />•The City has over $123 million in depreciable GF assets. <br />•We would be levying approximately $3 million per year to cover depreciation. <br />•Asset values & deprecation are based on the cost when purchased/constructed and <br />do not account for inflation. (20 yrs of inflation = 65%) <br />•This will be discussed at length during Strategic Financial <br />Planning.