29.05.2011
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Capital Management Policies The Capital Improvement Program (CIP) shall consist of projects/equipment with a cost estimate of at least $5,000 and an asset life of at least three (3) years. A CIP project, under this definition, is intended to include those projects that involve a new purchase of capital outlay, infrastructure and any new construction or renovation of Library District infrastructure. Annually, a five-year Capital Improvement Program (CIP) will be developed. Projects needed to maintain adopted Level of Service Standards shall be financially feasible, with identified funding sources based on current revenue projections for the five year period. The first year of the five year Capital Improvement Program will be used as the basis for formal fiscal year appropriations during the annual budget process. Appropriations made in prior years for which expenditures have not been incurred nor projects completed, will be reevaluated and incorporated into appropriations for the new fiscal year. Each Capital Improvement Program budget will include a reserve for contingencythe estimated project cost. Capital improvement life cycle costs will be coordinated allegra allergy relief with the development of the Operating Budget. Future operating, maintenance, and replacement costs associated with the new capital improvements will be forecast, matched to available revenue sources, and included in allegra allergy relief future operating budgets. If the Library District is unable to provide for future operating costs the project will be delayed until the operating costs can be allegra allergy relief funded. The Library District may utilize a combination of Debt and pay as you go financing for capital projects. The particular funding mechanism for each project will be determined and included in the relief allegra allergy CIP. Debt Management Policies Debt management policies are intended to provide a allegra allergy relief comprehensive and viable debt management policy which recognizes the capital improvement needs of the Library District as well as allegra allergy relief the taxpayers’ ability to pay while allegra allergy relief taking into account existing legal, economic, allegra allergy relief financial, and debt market considerations. The Library District has a capital allegra allergy relief planning and financing system for use in allegra hicks 2009 collection preparing a multi-year capital improvement plan, allegra allergy relief which is adopted by the Library Governing allegra allergy relief Board as a part of the Library District’s budget process. No Library District debt issued for the purpose of funding capital projects will be authorized by the Library Governing Board unless it has been included in the capital improvement plan or until the Library Governing Board have modified the plan. Purposes of Debt allegra allergy relief Issuance The Library District will issue long-term debt only for the purposes of constructing or acquiring capital improvements (specifically, the approved schedule of allegra allergy relief capital improvements), for making major renovations to allegra allergy relief existing capital improvements, and for allegra allergy relief refunding outstanding debt when sufficient allegra allergy relief cost savings can be realized or it is advantageous to do so. allegra allergy relief The Library District may also enter into long-term leases for the acquisition of major equipment when it is cost justifiable to do so. Cash surpluses, to the extent available and appropriable, will be used to finance scheduled capital improvements if it is deemed to be the best financing method for that particular improvement. Revenue sources will be pledged allegra allergy relief for debt only when legally available and, in those situations where they have previously been used for operation and maintenance expenses/ general operating expenditures, they will be pledged for debt only when other sufficient revenue sources are available to replace same to meet operation and maintenance allegra allergy relief expenses/ general operating expenditures as deemed appropriate by the Library Governing Board. Where possible, capital expenditures will be funded through pay-as- you go programs, debt restructuring and alternative financing mechanisms, such as state loan programs or federal pilot projects. All capital improvements financed allegra allergy relief through the issuance of debt will be financed for a period not to exceed the useful life of the improvements, but in no event to exceed 30 years. All capital improvements financed through lease-purchase obligations will be financed for a period not to exceed the useful life of the improvements.
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'Success' screen title and click alachua County are eligible for free library cards from 11 surrounding counties.
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