City of Brooks has approved a Capital Projects policy which was designed to guide Council and management in the development of a sustainable long range capital plan as well as annual operating and capital budgets. The policy establishes the development of a 10 year Capital Plan every four years and the approval of capital projects each year in the annual capital budget.
Pursuant to that policy, management has compiled a 10 year Capital Plan that has been reviewed by Council in December 2018. The 10 year Capital Plan was developed to promote proactive planning of capital expenditures and to establish spending priorities and overall capital improvement goals.
The 10 year Capital Plan is divided into three separate components:
Vehicle, Machinery and Equipment Replacement - The replacement of our existing vehicles, machinery & equipment that would be expected to be replaced at the end of their life cycle in order to continue the services that are currently being delivered. The replacement schedule that was compiled is based on a sustainable replacement program developed for each class of asset, which considers the frequency of use of each asset as well as its expected life cycle.
Capital Replacement/Improvement Programs - Programs established to replace or improve the City’s long term assets, based on a predetermined dollar amount per year. The specific replacement/improvement plans will be recommended to Council each year to ensure that current priorities are addressed. New annual programs introduced in this current plan are the SCBA replacement program, Cemetery Ribbon program, Fitness Equipment replacement program, Mower replacement program, and the Linear Trails and Beautification program.
New or Non-recurring Capital Projects - New or Non-recurring Capital Projects – Projects or assets which add to the City’s infrastructure base, or revitalize/replace an asset beyond the current scope of the assets being replaced. These projects or assets would require a one-time capital outlay and then may or may not be replaced on a regular basis at the end of their life cycle. Examples of our 2019 projects include the Fairview Reservoir upgrades and the Griffin Park skating rink refurbishment.
The 10 year Capital Plan is also organized by department and year, and the recommended funding for each project is identified. All projects listed in the plan will be reviewed, in the appropriate year, through the annual budget process. Therefore inclusion in the capital plan does not necessarily mean project approval, it means that the City is considering it, planning for it, and identifying possible financing options for it.