2016 Interim Capital Improvement Program Addenda
Update
The CIP is the
long-range plan for all individual capital improvement projects, including cost
estimates, schedules and funding sources. It provides strategic direction
for capital projects over a Current Year, 5-, 10- and 20-Year horizon. The CIP
is used as a planning tool, and is updated as needed. The CIP Book is updated annually as new
information becomes available regarding Board priorities, funding sources,
project cost estimates and timing.
On June 7, 2016, the Board adopted the 2016 Interim CIP, which included a
Current Year work plan, a 5-Year CIP, a 10-Year CIP, and a 20-Year
CIP. Since June 17, 2016, the majority of projects remain within budget
and on schedule. However, a number of CIP revisions are necessary to reflect
more accurate forecasts for project cost and/or schedule for Fiscal Year (FY)
2016/17.
Projects in the FY 2016 Addenda Update Table have had changes in their FY 2016/17
cost or schedule since the June 7, 2016 Interim CIP was adopted. The
changes made to the budgets and schedules for these projects will be reflected
in the 2016 Major CIP Book, scheduled for adoption November 15, 2016.