Brevard County utilizes the Capital Improvements Plan planning process to identify, quantify and assess its capital improvement needs over a five-year time period.
The Brevard County Comprehensive Plan provides the following definition of a Capital Improvement:
Capital Improvement - any construction, or land acquisition that costs $35,000 or more and has a five (5) year or longer expected service life. Projects, which may cost less than $35,000 that are considered necessary for the implementation of any long-term improvement, including implementation of the adopted Comprehensive Plan, shall also be considered a capital improvement.
The annual capital improvement budget authorizes both the financing and spending necessary for the year’s capital improvement projects. However the capital improvement program identifies both the revenues and expenses necessary to carry out the capital projects listed in the capital improvement plan, over a five year period. Brevard County’s financial policy as found in BCC 21 requires the County to develop and maintain an annual capital improvement budget and a capital improvement plan as part of the budgeting activity.
Development of the Capital Improvement Plan is a dynamic process that enables Brevard County to plan for major expenditures in the future and adjust capital projects as needs and as circumstance change. Brevard County’s long range CIP is updated annually to incorporate capital projects identified over the next five-year period.