The Capital Improvement Plan (CIP) is a comprehensive five-year plan that serves as a guide for the provision of public improvements and outlines the timing and financing of those improvements within, the Park Capital Improvement Fund, the Capital Improvement Fund, the Water and Sewer Capital Improvement Funds and the Service Center and City Garage Funds. The CIP provides a plan for the acquisition or construction of new physical assets as well as the replacement or repair of existing capital assets.