The Antis Township Capital Improvement Committee consists of three members of the Board of Supervisors appointed by the Board of Supervisors annually for one-year appointments. Members of the Committee are responsible for reviewing capital request from staff and members of the public to determine the feasibility of proposed capital projects and township equipment. The Committee is then responsible for the prioritization of request and funding sources. The committee is tasked with presenting a five year capital improvement plan annually to the Board of Supervisors for their approval.
The regular monthly meeting of the Capital Improvement Committee is held on the third Thursday of each month at 6:00pm at the Antis Township Municipal Building.
What is a Capital Improvements Program?
A capital improvements program (CIP) is a blueprint for planning a community’s capital expenditures and is one of the most important responsibilities of local government officials. It coordinates community planning, financial capacity and physical development.
A capital improvements program is composed of two parts — a capital budget and a capital program. The capital budget is the upcoming year’s spending plan for capital items (tangible assets or projects that cost at least $5,000 and have a useful life of at least five years). The capital program is a plan for capital expenditures that extends five years beyond the capital budget.
Development of a CIP that will insure sound fiscal and capital planning requires effective leadership and the involvement and cooperation of all municipal departments. For that reason, this manual places responsibility for overseeing the CIP process with a community’s chief executive, the Board of Supervisors, which appoints a CIP Committee. The Committee begins the CIP process by forwarding its recommended capital budget and program to the Board of Supervisors.
The Supervisors review the proposal and make their recommendations in a Township Meeting for adoption.
Benefits of a Capital Improvements Program
A complete, properly developed CIP has the following benefits:
- Facilitates coordination between capital needs and the operating budgets.
- Enhances the community’s credit rating, control of its tax rate, and avoids sudden changes in its debt service requirements.
- Identifies the most economical means of financing capital projects.
- Increases opportunities for obtaining federal and state aid.
- Relates public facilities to other public and private development and redevelopment policies and plans.
- Focuses attention on community objectives and fiscal capacity.
- Keeps the public informed about future needs and projects.
- Coordinates the activities of neighboring and overlapping units of local government to reduce duplication.
- Encourages careful project planning and design to avoid costly mistakes and help a community reach desired goals.