2013 Approved Budget - Lake County Illinois

Lake County
Corporate Capital Improvement Program
Capital Improvement Policies
1. The County will make all capital improvement in accordance with an adopted capital
improvement program.
2. The County will develop a multi-year plan for capital improvements and update it annually.
3. The CIP calendar will follow the same time frame as the budget calendar.
4. The County will enact an annual budget and appropriate County funds based on the multiyear
CIP.
5. The County will coordinate the development of the capital improvement budget with the
development of the operating budget with operating costs associated with new capital
improvements projected and included in the operating budget forecasts.
6. The County will use intergovernmental assistance to finance only those capital
improvements that are consistent with the CIP and County priorities, and whose operating
and maintenance costs have been included in operating budget forecasts.
7. The County will maintain all its assets at a level adequate to protect the County’s capital
investment and to minimize future maintenance and replacement costs.
8. The County will identify the estimated cost and potential funding sources for each capital
project proposal before it is submitted to the County Board for approval, including
determining the least costly financing method for all new projects.
9. The CIP requests will be evaluated using criteria, which have been developed to provide an
objective mechanism for assessing and prioritizing the numerous projects that will be
presented for evaluation.
Evaluation Criteria System
The Corporate Capital Improvement Program is comprised of three major areas: the
Departments, Divisions and Commissions which are included in the CCIP; the types of
acceptable expenditures; and, the Evaluation Criteria used to assess and prioritize the specific
projects for funding, development and implementation.
There are numerous financing alternatives that can be used to provide funding for a project. The
County Board, at the recommendation of the Financial and Administrative Committee, may
match a proposed project with the financing alternative that best meets the needs of the County.
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