Town Adopts 2017-2022 Capital Improvement Plan

In 2017 the Town of Lake Lure created and adopted a comprehensive five year Capital Improvement Plan, (CIP), that serves to guide the council, staff and community in its planning and funding priorities.

Updated annually, Capital Improvement Plans guide communities toward making orderly and prioritized decisions when it comes to replacement of capital facilities and equipment.

It also plans for future identification of new equipment, buildings, and infrastructure that will be needed in order to accomplish particular objectives.

A Capital Improvement Plan projects sources of revenue, helps to identify alternative funding sources and can make municipal  borrowing easier by resulting in lower bond ratings and lower interest rates.

"Our Capital Improvement plan is a vital financial and physical planning tool that we utilize and refer back to throughout the year," said Town Manager Ron Nalley.

"Having such a plan in place allows for  the proper planning and coordination for acquisition and development of assets," said said Mayor Kevin Cooley.

Below, you can review various section current 2017-2022 Plan.

To review a summary of the existing first year projects in each fund, select the file in the table below with the three asterisks.


2017-202 Capital Improvement Plan:

 

Cover & Policy Guidelines

General Fund Revenue Summary

General Fund Expense Summary

First Year Funding Priorities by Project ***

General Fund Expenditures - Commission

General Fund Expenditures - Administration

General Fund Expenditures - Police

General Fund Expenditures - Fire

General Fund Expenditures - Public Works

General Fund Expenditures - Sanitation

General Fund Expenditures - Economic Development

General Fund Expenditures - Community Development

General Fund Expenditures - Parks & Recreation

General Fund Expenditures - Beach & Marina

General Fund Expenditures - Municipal Golf Course

General Fund Expenditures - Lake Operations

General Fund Expenditures - Water & Sewer

Electric Fund Revenues