The borough will make all capital improvements in accordance with an adopted capital improvements program.

The borough will develop a multiyear plan for capital improvements which considers the borough’s development policies and links the development process with the capital plan.

The borough will enact an annual capital budget based on the multiyear capital improvements program.

The borough will coordinate development of the capital improvement budget with development of the operating budget. Future operating costs associated with new capital projects will be projected and included in operating budget forecasts.

The borough will maintain all its assets at a level adequate to protect the borough’s capital investment and to minimize future maintenance and replacement costs.

The borough will identify the “full-life” estimated cost and potential funding source for each capital project proposal before it is submitted to the assembly for approval.

The borough will determine the total cost for each potential financing method for capital project proposals.

The borough will identify the cash flow needs for all new projects and determine which financing method best meets the cash flow needs of the project. [Ord. 90-10 §2, 1990. Formerly §3.01.070].