City of Port Coquitlam Capital Improvement Program May 1993

Benefits of a Capital Improvement Plan

Probably the most important benefit that such a program, if properly prepared, will provide any
municipality is that it requires all those who are involved with capital expenditures to plan beyond next
year's budget and project future needs. Projects of dissimilar character are compared and evaluated by
elected officials who represent the public in choosing between various facilities and services.

The other benefits of a systematic approach to programming capital projects include:
Focusing Attention on Community Goals, Needs and Capabilities.

Capital projects can be brought into line with community objectives, and anticipated growth and
financial capabilities. Considered by itself, a new project may look like a great idea but it may
look quite differently when it is forced to compete directly with other projects for limited funds in
the CIP process. The CIP, once approved, will keep the public informed about future construction
plans of the city and will help reduce the pressure on city officials to fund projects far down the
priority list. Opportinities for public input can be enhanced, while complaints such as "where did
that project come from" are minimized.

Repairing or Replacing Existing Facilities and Equipment
There has been considerable national attention given to the disrepair of the country's infrastructure.

A CIP process requires city officials to focus attention on the existing condition of the streets,
bridges, public buildings, equipment and so on.