Budget/CIP

Adopted Annual Budget

A very important aspect of financial management is the coordination of the budget process. It is essential that the budget documents provide a clear picture of the City's financial position, goals and objectives of the City, and cash requirements necessary to provide these services to the citizens of Ankeny. This information, which is put together in the Adopted Annual Budget book, is necessary for management and elected officials to make well informed decisions regarding the allocation of the City's financial resources while maintaining a stable financial position. For the past five years, the City has received the Distinguished Budget Presentation Award presented by the Government Finance Officers Association.

• 2011
• 2010
• 2009
• 2008
• 2007

Capital Improvement Program
2010-2014 Capital Improvement Program Details
2009-2013 Capital Improvement Program Details
2008-2012 Capital Improvement Program Details

The capital improvement program (CIP) provides an organized timeline for the purpose of scheduling capital projects and planning long-term debt. The annual program calendar starts shortly after City Council’s goal setting session each August and culminates in March to allow for next year’s capital expenditures and debt issues to be finalized and included in the City’s final budget for the upcoming year.

The annual capital improvement process is a process created for the purpose of developing a five-year capital improvement program. The CIP process is intended to provide a format for departments to submit projects to the City Manager and to the City Council while providing a means for reviewing and evaluating capital projects. The first year of the capital improvement program will be included as part of the budget submitted for Council approval each March. The first year of the program also determines the amount of bond anticipation notes and other debt instruments to be issued over the upcoming year.

The following are the definitions for what qualifies as a capital project and what qualifies for long-term bond financing.

• Capital Expenditure – The purchase of equipment or the improvement of land or buildings that is greater than $5,000, is not an ordinary repair or maintenance expenditure, and has a useful life of three years or more. A capital improvement is budgeted in the Capital Project funds if it is greater than $50,000 and has a useful life of ten years or more and especially if funded through general obligation bonds.
• Long-term borrowing shall be limited to capital improvements projects that cannot be financed from current revenues and to capital equipment with a useful life of 20 years or greater and a purchase cost of $250,000 or greater. Long-term debt shall not be used for current operations.

For purposes of determining dollar limitations, groups of projects or items may be considered cumulatively.