Duties & Responsibilities
Kittery's Capital Improvement Program is a five-year outlook that includes proposed spending on capital expenditures and the annual funding for reserve and holding accounts that support ongoing maintenance and/or replacement of capital assets.
The Capital Improvement Committee is responsible for:
- Studying the proposed capital projects and improvements involving major tangible assets and projects which:
- Are purchased or undertaken at intervals of not less than five years;
- Have a useful life of at least five years; and
- Cost over $25,000.
- Considering the relative need, impact, timing and cost of proposed capital expenditures and the effect each will have on the financial position of the town. The Committee prepares a report annually recommending a 5-year Capital Improvement Program. The report is submitted to the Town Council for for incorporation into the annual budget development process.