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1. What is Capital or CIP?

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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".
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2. Examples of Projects:

- Civic Center, Library Building, Police Building, and other public buildings
- Public Parks, such as Mountain Valley Park, including sports fields, swimming pool, & trails
- Glassford Hill Road, Robert Road, and many other public streets, including sidewalks & traffic signals
- Stormwater Drainage Pipes & Channels
- Potable Water Pipes, Wells, Pumps, & Tanks
- Wastewater Sewer Pipes, Manholes, Pumps, & Treatment Facilities
- Water Resources & Recharge

3. How is it Funded?

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The Town's annual budget includes capital outlay, as approved by the Town Council.

Funding for Capital Outlay is from a variety of sources including, but not limited to: the General Fund, the Enterprise Fund (from your water bill), the Streets One-Third Cent Sales Tax, and Special Revenue Funds, such as: the Replacement Fund, the Highway Users Revenue Fund (HURF) (our allocation of the state "gas tax"), the Donation Fund, the Grant Fund, and the Development Impact Fee Fund (from the sales of new homes).

These funds may also receive funding from such sources as grants, bonds, loans, and cash reserves.
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4. How long does it take to build it?

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The amount of time to design and to build the project varies from a few months to a several years, and depends on the project.

Here is an example of a typical project timeline:
1 - The need is identified, and sometimes includes studies and models.
2 - The project scope and schedule is determined.
3 - Funding is secured.
4 - A designer is selected, and design commences.
5 - Surveying, soils studies, traffic studies, etc. are performed, as needed.
6 - Land is acquired, if necessary.
7 - Design is completed, estimates are refined, and necessary permits are obtained.
8 - The project is bid, and a contractor is hired to begin the work.
9 - The project is built, with inspection oversight and testing.
10 - The new infrastructure is approved, and the warranty period begins.
11 - The Town accepts ownership, and begins operations and maintenance.
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5. How can I design or construct a Town project?

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The Town's Purchasing Requirements are outlined in the Town Code and State Law.

Typically, the Town uses a traditional "Design-Bid-Build" procurement process to hire designers and contractors. This means that designers are selected on their qualifications, and contractors are hired by low bid.

As required, the Town advertises bids and RFQs, in the local newspaper - and you will typically see these advertisement in the newspaper legal section on Sundays.
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