Town of Blacksburg

Benefits of the New Method • Centralization: All project data is in one place. • Easier Navigation: Move between tabs instead of opening new files. • Reduced Risk of Version Issues: Fewer files mean fewer chances of working on outdated versions. • Consistency: Using copied tabs ensures all projects use the exact same format. Definition of a Capital Improvement Project Capital Improvements are major construction or acquisition efforts that are non-recurring in nature. Projects must exceed $15,000 in cost and may include construction of facilities, purchase of major equipment or vehicles with a life expectancy of five years or longer, furnishings for new or renovated buildings, major utility improvements, or land acquisition. Studies are no longer to be included as CIP projects; instead, they should be budgeted under the department’s operating budget. Tabs in the New Workbook 1. Required Cost Estimates (Sheet 1) : Complete the Project Details/Cost Estimates worksheet for each project. Create a new tab within the same workbook for each project. 2. Summary Dashboard (Sheet 2) : This will be used later to provide summaries of all project tabs within the workbook. 3. Optional Cost Builder (Sheet 3) : This tab is available to use at your convenience; it is not required. You can use this for cost planning purposes for each project. If you do use it, please create a new tab for each project. Enter planning, land, construction, contingency, and other costs along with inflation rate. The sheet calculates totals in current and escalated dollars. Allocate percentages across FY2027–FY2031. Instructions for Use Department: Choose from the drop-down list. Project Title: Write project title. Project Description: Write project descriptions and justifications. Status: Choose either New or Existing.

Goal Addressed: Choose goal from the drop-down menu. Estimated Start Date and Estimated End Date: Enter dates.

Town of Blacksburg

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FY 2027-2031 Adopted