A capital improvement plan is a financial planning and management tool that lists proposed capital projects and capital purchases for a rolling five (5) year period. This multi-year document identifies and prioritizes the need for improvements and purchases and coordinates their funding and optimal time frames for completion. It is also a process that provides order and continuity to the repair, replacement, construction and/or expansion of Lenawee County facilities. It puts a focus on preserving our infrastructure while ensuring the efficient use of public funds.
What Are Capital Improvements?
Capital improvement projects are major and infrequent expenditures, such as the construction of a new facility, a major rehabilitation or repair of an existing facility, or the purchase of major equipment or property. Capital improvement projects are non-recurring expenditures that tend to be large in cost and have a long-term usefulness.