This course is designed to provide an overview of the Capital Improvement Program (CIP) process from the beginning stages of assessing the capital needs and requests, developing the capital plan and budget during the budget process, determining the appropriate funding sources and managing capital projects after budget adoption. Some of the information included in the course pertains directly to Georgia.

Upon completion of the course, the participant should be able to:

• recall the definition of capital improvement program and capital assets

• distinguish between a budget for CIP compared to operating

• identify criteria for including improvement in CIP

• recall planning documents and policies to consider during development of the CIP

• recall the elements of a capital replacement schedule

• identify the operating impact of a capital improvement on the budget

• recall how capital improvements are selected and methods used to evaluate and prioritize

• identify the roles of governing authority and other participants involved in the capital planning and budgeting process

• identify the typical funding options related to a capital improvement plan

• recall how capital improvement plans are developed and managed