What is the hubbub over CIP/CFP? | Guest View
Last updated 12/5/2019 at 9:11am
Edmonds has two documents used for budgetary planning as it prioritizes projects, outlines expected costs and funding sources, and fulfills long-range planning objectives.
One is the Capital Improvement Program, or CIP.
The other is the Capital Facilities Plan, or CFP.
The CFP is amended annually and is divided into major funds found in the CIP. The CIP is tied specifically to the following budgetary funds:
– Park Capital projects from REET (Real Estate Excise Tax fund), a tax on the sale of property, usually paid by the seller;
– Special Capital/Park Acquisition f...