What are Capital Project Funds intended for?

Capital Project Funds are specifically designed to account for financial resources that are used for the acquisition or construction of major capital facilities and public infrastructure projects. These funds are critical in facilitating governmental investment in essential community resources such as roads, bridges, parks, and public buildings.

The distinct purpose of Capital Project Funds is to ensure that funding is allocated appropriately for significant long-term assets that support the community's growth and development. By focusing on public infrastructure projects, these funds help maintain and enhance the quality of life for residents, as well as support economic development efforts by providing the necessary facilities and services.

Operational costs, general community services, or private development initiatives do not fall under the intended purpose of Capital Project Funds since they are focused on long-term capital investments rather than ongoing expenses or private sector projects. This focus on public infrastructure solidifies the importance of these funds in government financial planning and management.