Five-Year Capital Improvement Plan

Section IV - Capital Projects: Five-Year Capital Improvement Plan

The Capital Improvement Plan (CIP) is a community planning and fiscal management tool that spans multiple upcoming fiscal years. Brewster's capital improvement plan spans five years. The CIP identifies capital items, which are typically defined as tangible assets or projects that cost more than a certain threshold (e.g., $10,000) and that have a minimal useful life span (such as five years), provides a planning schedule, and offers financing options. The Town allocates approximately 1.75 million dollars of free cash annually to fund capital requests for Town and Elementary School capital. The majority of capital requests are funded at the Fall Town meeting annually with a portion of the requests funded in the spring, due to timing of projects and work. The Finance Team works with the Capital Planning Committee to create a five year Capital Plan to be presented to the Select Board and Finance Committe. All capital requests over $100,000 are included in a report to Town Meeting in the warrant booklet so that voters are aware of the major capital expenses over a five year period. Capital requests for the Golf and Water departments are funded through their respective enterprise and special revenue funds, including any debt payments. Items highlighted in yellow represent Spring 2022 capital requests.

The Select Board adopted this plan on February 16, 2022 at a Joint Meeting with the Finance Committee.