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INTRODUCTION <br />As part of the annual budget development process, Santa Ana City Council adopts a one —year <br />Capital budget and seven-year financial spending plan which comprises the City's Capital <br />Improvement Plan (CIP) in June each year. <br />A Capital Improvement project extends the useful life of an asset. Examples include the <br />acquisition of land; construction, expansion, or major renovation of City infrastructure such as <br />roads, buildings, storm drains, and parks. To qualify for the CIP, a project must have an estimated <br />useful life of at least two years following the date of acquisition, meet the minimum dollar <br />threshold criteria for capitalization AND meet one the following criteria: <br />• New Funding > New Project <br />• Existing Funding > New Project <br />• New Funding > Existing Project (If a project's scope and budget are significantly different <br />or expanded) <br />Existing projects, along with routine/ongoing capital purchases and deferred maintenance <br />projects are not included in the CIP. Although these projects may be capitalized, funds are <br />appropriated through the regular operating budget development process. <br />CIP projects are reviewed for alignment with the City' Five Strategic Priorities. Strategic Priorities <br />ensure resources are properly distributed and services programmed to best serve our <br />community. The development of these priorities emerged from City data, interviews with <br />Councilmembers, collaboration with the executive management team and public input sessions. <br />• <br />��y <br />