The Town’s Capital Investment Plan (CIP) serves as an annual planning tool to forecast long-range future capital needs for the Town. This plan examines infrastructure and equipment needs, provides a planning schedule, and identifies available financing options for the next five years. In May, the Town Manager recommends a CIP to the Mayor and Town Council. The Mayor and Town Council conduct public hearings and work sessions, and may adjust the Manager’s Recommended CIP, before approving a final CIP in June. The first fiscal year’s budget of the CIP is adopted with the Town's Annual Operating Budget, linking the Town’s strategic plans and its annual budget. The CIP contains Town capital project budgets and narratives and may include supplemental materials and presentations.