Long Term Capital Plan

What Is A Long Term Capital Plan?

A capital plan is a long-term financial planning tool that outlines anticipated capital equipment needs, associated costs, and the timing of those needs. It helps the District proactively plan for major expenditures, track capital reserves over time, evaluate funding strategies, and make informed tradeoffs between competing priorities.

This document serves as a guide—not a fixed roadmap. Each item in the plan is based on estimates, including the projected remaining useful life of current assets, anticipated replacement costs, and forecasted inflation through the expected replacement year. These projections are subject to change. Equipment may fail sooner or last longer than expected, costs may fluctuate, inflation may deviate from historical trends, and unforeseen events, such as fires or floods, can shift priorities. Therefore, the capital plan reflects anticipated needs, not approved or guaranteed expenditures.

The District continues to monitor new technology, grant opportunities, and look for other opportunities to reduce future capital costs.  

The capital plan will be updated annually at budgeting time to reflect current reserves, actual expenditures for the prior year, and anticipated costs and expenditures for future years. Every five years, or as needed, the document will be fully reviewed and updated.