Capital Investment Plan (CIP)
Read the official document for the FY2010-FY2014 Capital Investment Plan.  The document is divided by category and describes multi-year capital projects for the City of Charlotte.

FY2010-FY2014 Capital Investment Plan (adopted June 11, 2009):

FY2010 CIP Cover Page

Table of Contents

Introduction

Neighborhoods and Housing

Transportation

Economic Development

Environment

Facility Investments

Summary

The City's Capital Budget or Capital Investment Plan (CIP), is a five-year infrastructure plan, that matches the City's highest priority Capital needs with a financing schedule. The plan includes investments in neighborhoods, housing, storm water, roads, transit, water and sewer and the airport.

The City of Charlotte maintains a AAA credit rating (highest rating attainable) to secure low interest rates for the issuance of debt to fund new infrastructure.

Following City Council's annual retreat, which establishes organizational priorities, business units identify funding needs that support City Council's goals and priorities.

The Capital Investment Plan provides information on resources allocated for projects related to each of the City of Charlotte's five City Council Focus Areas. These projects relate to Neighborhoods, Economic Development, Transportation and Facility Investments. The Capital Invesment Plan also includes enterprise fund capital programs for Storm Water, Charlotte Area Transit System, Water and Sewer (Charlotte-Mecklenburg Utilities) and Aviation.

The FY2010-FY2014 Capital Investment Plan budget totals $2,859,274,896, a 15% decrease from the FY2010-2014 CIP.  The decrease totals $503.7 million and is due to descrease in CATS (367.2 million), Aviation ($132.6 million), and Roads ($117.1 million).  These decreases are partially offset by an increase in Water and Sewer of $145.4 million.

Frequently Asked Questions:

How does the City identify capital needs?
Most capital projects are based on community plans, such as the Airport Master Plan, two-year Water and Sewer System Evaluations, long-range Transportation Plans, District Plans and the long-range Generalized Land Use Plan. Other capital projects are on-going programs to maintain the City's infrastructure.

How is the Capital Budget developed?
The CIP is a separate budget from the Operating Budget, but the CIP and Operating budgets combined equal the total City budget. The CIP follows a development track that is parallel to the development of the Operating Budget. A brief outline of the development process is as follows:

• City Council holds an annual retreat to determine priorities.
• The City determines the status of both the Operating and Capital Budgets.
• Key businesses and other agencies identify funding needs.
• Revenue projections are finalized for future years.
• Needs are matched with resources using City Council's Strategic Focus Areas and approved community plans as guides.

The Capital Budget is developed and presented to City Council over several months beginning in February with final approval in June (new fiscal year begins on July 1).