Capital Improvement Projects

Public Infrastructure

Capital Improvement Projects add to the Community's public infrastructure.

  • Public Buildings
  • Public Parks
  • Streets & Roads
  • Water & Sewer
  • Stormwater Drainage
For a map and photos of highlighted recent CIPs, visit our interactive CIP Map.
Library
The CIP Division works with all Town Departments to facilitate and administer coordinated design and construction of their CIP budgeted projects and equipment purchases.  This ensures consistency across all Town departments, and adherence to laws, masterplans, schedules, and budgets.

Contracts, scope, budgets, and schedules are monitored for each project.

The CIP Division also coordinates assembly of the 5 year projection for CIPs each Fiscal Year.
Annual Budget for Capital Outlay
  
In 2007, there was over $53 million of Capital Outlay; about half of the Town's annual budget.

In 2011, there was less than $8 million of Capital Outlay; only about 13% of the Town's annual budget.

For Fiscal Year 2015/2016, the total proposed Capital Outlay (for both projects and equipment) is $17.4 million, or about 1/4th of the Town's total budget, across all departments and funding sources.

Capital Outlay Breakdown by Town Department

Here is a Breakdown of Capital Outlay by Department in FY 2015/2016:
  • Public Works Department (Streets & Facilities) has $9 million for 12 projects, and 11 equipment purchases
  • Utilities Department (Water & Sewer) has $4 million for 23 projects, and 10 equipment purchases
  • Parks & Recreation Department has $1.1 million for 4 projects, and 10 equipment purchases
  • Community Development Department has $1.5 million for 1 equipment purchase, and 1 regional website grant project
  • Police Department has $1 million for 1 building renovation project, and over a dozen equipment purchases

Funding Sources for Capital Outlay

Capital Outlay is provided from the five major funds of the Prescott Valley Town Budget for Fiscal Year 2015/2016, as follows:
  • 7% from the General Fund
  • 23% from the Enterprise Fund
  • 30% from the Capital Improvement Fund
  • 0% from the Debt Service Fund
  • 40% from the Special Revenue Fund
The Special Revenue Fund is further broken into smaller funds, as follows:
  • 0% from the Replacement Fund
  • 2% from the Highway Users Revenue Fund (HURF)
  • 2% from the UNS Facilities Fund
  • <1% from the Donation Fund
  • 14% from the Development Impact Fee Fund
  • 22% from the Grant Fund