What is the primary purpose of Capital Project Funds?

The primary purpose of Capital Project Funds is to finance public infrastructure projects. These funds are specifically designated for the acquisition, construction, or improvement of long-term assets that benefit the public, such as roads, bridges, parks, and buildings. By using Capital Project Funds, municipalities can ensure that there is a dedicated source of financing specifically for significant capital expenditures that are necessary for community development and enhancement.

This focus on public infrastructure projects distinguishes Capital Project Funds from other types of funds that might be used for community programs, private sector initiatives, or operational budgets, which generally have different objectives and funding mechanisms. The successful management and allocation of these funds contribute directly to the long-term infrastructure needs and overall quality of life within a community.