Provides a funding strategy for maintaining a community’s capital assets.
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Developing the Capital Plan and Managing Debt
A capital improvement program provides 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. Often times, especially for larger capital projects, communities need to borrow money for financing purposes. These resources are intended to assist communities in developing their own capital planning and debt issuance processes.
Table of Contents
Who is involved with this process
Introduction to debt
- Introduction to Municipal Debt (Video)
Borrowing procedures
- A Deeper Dive Into Municipal Debt - Accounting for debt and surplus proceeds/abandoned projects (Video)
- A Deeper Dive Into Municipal Debt - Borrowings subject to debt exclusion approval (Video)
- A Deeper Dive Into Municipal Debt - Full Video (Video)
- A Deeper Dive Into Municipal Debt - Introduction and overview (Video)
- A Deeper Dive Into Municipal Debt - Municipal borrowing authority (Video)
- A Deeper Dive Into Municipal Debt - Voting to borrow (Video)
- Borrowing: Purposes and Procedures (IGR 2022-2: Borrowing) (PDF)
- Guidelines: Municipal Finance Provisions of the Community Preservation Act (CPA) (IGR2019-14) (PDF)
- Premiums and Surplus Proceeds for Proposition 2½ Excluded Debt (IGR 2022-1) (PDF)
Credit ratings
Long and short-term debt
State house notes
State oversight
Capital planning
Tax exempt lease purchases (TELPs)
Financial forecasting
Reserves
Enterprise funds
- Enterprise Funds (PDF)
- Enterprise Fund manual (PDF)
- Enterprise Funds: Overview and Best Practices (Video)
Tools
- Capital Projects Request Form (PDF)
- Capital Planning and Budgeting workbook (XLS)
- Capital Improvement Planning Guide (PDF)
- Capital Targets Template (XLS)
- Debt Service Calculator (XLS)
- Debt Service Schedule (XLS)
- Financial Forecasting Template - Instructions (PDF)
- Financial Forecasting Template (XLS)
- Tax Impact Calculator (Databank report)