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10/10/2025 <br />1 <br />CAPITAL FUNDS 2026-2042 <br />CAPITAL FUNDS PURPOSE <br />A Capital Funds Plan (also called a Capital Improvement Plan or CIP) is a multi-year roadmap that outlines <br />a city's planned investments in major physical assets – such as roads, buildings, utilities, parks, and large <br />equipment – and how these will be funded. <br />With the big picture established <br />•Sufficient time is allocated to explore and evaluate replacement <br />alternatives. <br />•Equipment replacement schedules are proactively <br />managed to ensure resource availability and maximize useful life. <br />•New equipment options are assessed for improved functionality, lower <br />initial purchase costs, and reduced operating expenses. <br />1 <br />2 <br />11