25LINKBUDGET(FULL) - Flipbook - Page 107
City of Plymouth 2024 / 2025 Budget
Therefore, the ideal capital improvement program includes five main components in the
process of developing and maintaining the program, as follows:
1.
Capital Improvements Program, a list of projects with priorities, specific time
frames for completion, and specific means of financing. The usual time span is
the next fiscal year budget plus five additional fiscal years. The financing plan
must take into account the community's current debt schedule, even though
some of it may be related to projects which were built prior to the
implementation of the capital improvement program.
2.
Capital Improvements Budget, the first year of the capital improvements
program.
3.
Annual Operating Budget, the projected revenues and expenditures for ongoing and recurring services for one fiscal year. The Capital Improvements
Budget and the Annual Operating Budget equal the total City Budget for one
fiscal year.
4.
Public Services Program, a long-range plan for public services, as a multiyear projection of the Annual Operating Budget. In addition to considering the
operating expenses of the current level of services, the operating costs implied
by the capital improvement program's new facilities must also be taken into
account.
5.
Long-term Revenue Program, a revenue policy to finance operating and
capital expenditures.
Statutory Provisions for Capital Improvements Planning
The State of Michigan has included certain provisions regarding the establishment of a capital
improvements program in P.A. 285 of 1931, as amended. The full text of these provisions is
included in Appendix A, and may be summarized as follows:
1.
After a Master Plan is adopted, the Planning Commission shall prepare
coordinated and comprehensive programs of public structures and
improvements (i.e., the capital improvements program). The plan shall be
annually prepared for the ensuing six years. (Section 9)
2.
After a Master Plan is adopted, no new capital improvement project or
expansion of an existing project shall be authorized or constructed until the
location, character and extent thereof shall have been approved by the
Planning Commission; provided, that the City Commission may override the
disapproval of the Planning Commission by a vote of at least five City
Commissioners. Failure of the Planning Commission to act within sixty days
constitutes approval. (Section 9)
NOTE: It does not appear that reconstruction or renovation, such as the
repaving of a street, is intended to be included in Planning Commission
review.
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