2. Purpose of the Capital Budget
To identify major physical improvements needed to
serve the community for the next five years.
3. What is a Capital Project
A major improvement of a non-recurring nature to
the physical plant including buildings, parks, streets,
facilities (24 V.S.A. § 4430)
4. What is Included in the Capital Budget
Vehicle and Equipment Acquisition
Facility Repairs and Improvements
Transportation Improvements
Drainage Improvements
Park Improvements
Information Technology Improvements
5. How is the Plan Funded
Local Funding
Programs
Year
Authorized
Authorization
Term
Funding
Method
CEFP 2014 2032 Fixed Rate ($0.019)
CTP 2010 2016 Fixed Rate ($0.035)
PCP 2011 2016 Fixed Rate ($0.005)
Bridge 2000 2014 Reserve (Expired)
Technology Fund 2010 2015 Reserve $25,000/yr.
Communications Fund 2010 2015 Reserve $20,000/yr.
Recreation Impact Fees N/A N/A Impact Fees
State Transportation N/A N/A Grants/Aid
Federal Transportation N/A N/A Grants/Aid
6. FY16-FY20 Planned Expenditures
Capital Assets Planned Expenditures
Information Technology $395,765
Facilities $557,400
Parks $705,212
Equipment $1,662,653
Transportation $15,887,455
Total $19,208,485
11. Next Steps
Formal Adoption of Capital Budget and Program
Selectboard approves draft as submitted or with changes-
9/23/14
Selectboard warns for public hearing – 9/23/14
Submit to Town Clerk and Planning Commission 15 days prior
to public hearing
Planning Commission may submit a report prior to public
hearing
Selectboard may adopt after public hearing – 10/28/14