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CMP Part 4C. Water Supply <br /> The City shall remain committed to fully funding the operations and maintenance <br /> needs of the City's water system. Funding will continue to come from the Water <br /> fees. <br /> Capital Improvement Plan <br /> The City manages capital expenditures for the Water system as part of the Capital <br /> Improvement Plan(CIP). The CIP provides long-term planning and management <br /> of infrastructure throughout the City. The CIP is a planning document that presents <br /> a 5+ year overview of scheduled capital projects to address the City's goals for <br /> public infrastructure. The CIP includes a long-term financing plan that allows the <br /> City to allocate funds for these projects based on assigned priorities. The 5+ year <br /> horizon of the CIP provides the City with an opportunity to evaluate project <br /> priorities annually and to adjust the timing, scope and cost of projects as new <br /> information becomes available. The information contained in this plan represents <br /> an estimate of improvement costs based on present knowledge and expected <br /> conditions. Changes in community priorities, infrastructure condition and inflation <br /> rates require that adjustments be made on a routine basis. <br /> Funding for Acquisition and Capital Improvements <br /> Funding for Water system Capital improvement projects comes from the Enterprise <br /> Water Fund, special assessments, and connection charges. <br /> City of Orono Community Management Plan 2020-2040 Part 4C, Page 33 <br />