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INTRODUCTION <br /> <br />As part of the annual budget development process, Santa Ana City Council adopts a one –year <br />Capital budget and seven-year financial spending plan which comprises the City’s Capital <br />Improvement Plan (CIP) in June each year. <br /> <br />A Capital Improvement project either installs a new asset or extends the useful like of an existing <br />asset. Examples include the acquisition of land; construction, expansion, or major renovation of <br />City infrastructure such as roads, buildings, storm drains, and parks. To qualify for the CIP, a <br />project must have an estimated useful life of at least two years following the date of acquisition, <br />meet the minimum dollar threshold criteria for capitalization AND meet one the following <br />criteria: <br />x New funding is appropriated to a new project <br />x Existing funding is reallocated to either an existing or new project <br />x Additional funding is appropriated to an existing project. This condition only applies if a <br />project’s scope and budget are significantly different or expanded. <br /> <br />Projects already funded, along with routine/ongoing capital purchases and minor maintenance <br />projects are not always included in the CIP. <br /> <br />CIP projects are reviewed for alignment with the City’ Five Strategic Priorities. Strategic Priorities <br />ensure resources are properly distributed and services programmed to best serve our <br />community. The development of these priorities emerged from City data, interviews with <br />Councilmembers, collaboration with the executive management team and public input sessions. <br /> <br /> <br /> <br />1