Department of Education - Fiscal Services
Sponsor, if not the State Board of Education
Director of the Legislative Counsel Bureau

• Capital improvement plan must include estimated or actual revenues and expenditures and estimated or actual date of completion for each capital project.
• List the capital projects by fund, expenditure, source of funding, and any contemplated financing for each of the five years.
• Total amount of expenditures in the CIP for the ensuing year must equal the total capital outlay for each fund set forth in the final budget for the ensuing year.
• The plan must identify the minimum level of expenditures for items classified as capital assets in the final budget and the minimum level of expenditures for

items classified as capital projects in the CIP.

• CIP-1 (pdf)
  This form should be completed by entities that do not submit a formal Capital Improvement Plan.
   
• Example CIP-1 (pdf)

In addition, if any of the projects require a tax rate increase, please fill out the form pertaining to the
tax rate increase for those projects.

Definitions:

Capital Asset is an asset of long-term character which is intended to be held or used, such as land, buildings
machinery, furniture and other equipment.

Capital Project is the construction or acquisition of designated fixed assets. These projects are large-scale endeavors
in cost, size and benefit to the community and meet the minimum level of expenditure as outlined by the
government entity for classification as a capital project. A capital project results in a long-term addition
to the entity’s assets, typically 15 years or more.


* Examples are attached to assist you in filling out the forms.