FY 2021 Capital Improvement Plan (PDF) Each year, the Board adopts a five-year CIP where the first year is the budget year and the four out-years are a plan. When the coronavirus pandemic struck near the end of this year’s budget process and the General Fund budget was adjusted to remove the originally proposed approximately seven-cents tax rate increase, staff immediately recognized there would be a lasting impact in terms of reduced cash available for capital and to the debt service to expenditures ratio. However, time did not permit for a complete refiguring of the CIP in addition to the rebalancing that was happening for all other funds in FY 2021. For this reason, the Board adopted only FY 2021 projects in conjunction with the FY 2021 Budget approval. To get back on track, staff plans to present to the Board a FY 2022 – FY 2026 CIP for adoption in Fall 2020. Meanwhile, projections within this year’s CIP ratio assessment and five-year forecast assume the most recently adopted out-year plan from last year’s CIP.