What is Capital or CIP?
.
Capital Outlay is the combination of all Capital Equipment, and Capital Improvement Projects.

Capital Equipment is defined as machinery and equipment that has a cost of at least $3,000, and a useful life of at least 1 year.

A Capital Improvement Project is public infrastructure, land and construction, that has a cost of at least $25,000, and a useful life of at least 2 years.

"CIP" is an acronym for "Capital Improvement Project".
.

Show All Answers

1. What is Capital or CIP?
2. Examples of Projects:
3. How is it Funded?
4. How long does it take to build it?
5. How can I design or construct a Town project?