Capital Improvement PLAN
VILLAGE OF LISLE | FISCAL YEAR 2023/2024 BUDGET
The Village of Lisle annually prepares a Capital Improvement Plan (CIP) for the five-year period beginning with the next fiscal year. The CIP is a planning document which is reviewed by the Village Board and is prepared by the Village Manager and Department Directors. Included are capital expenditures projected to cost in excess of $20,000 and have an estimated useful life of one or more years. The projects scheduled for the first year of the plan are subject to further review and approval by the Village Board concurrent with the operating budget. The projects scheduled in the next four years of the CIP are included for planning purposes.
The Village's FY2023-24 through FY2027-28 Capital Improvement Plan contains capital improvement projects totaling $36.5 million. The majority of the capital projects focus on capital investments based upon approved long-term plans. The Village's FY2023-24 capital improvement budget is $11.6 million, a 44.41% increase from the FY2022-23 adopted capital budget of $8,024,387. Several significant projects include easement acquisition for the levee elevation project, stormwater improvements in Village Center South, the annual road improvement program, and the Main Street sanitary sewer rehabilitation project.
Five Year Capital Improvement Program Summary
Five Year Capital Improvement Program Detail
FISCAL YEAR 2023-24 CAPITAL IMPROVEMENT PLAN FUNDING
The Capital Improvement Plan is funded through a combination of revenue sources detailed below.