In some cases, the estimated cost of a project is well above the approved amount. Where do the extra funds for the project come from?
Sometimes during the Design phase, the costs may increase due to unforeseen conditions. In some cases, the extra amount needed for the other activities are obtained from the “Contingencies” activity so that the total project cost is maintained. Every year, the project manager re-proposes the project for inclusion in the CIP with the latest estimates. The City Council decides which projects to add, defer, delete as well as approve new revenue or additional revenues, and may also change the scope of a project. After the City Council approval process (early May), the CIP Status and “Approved Budget” figures for projects in this website will be updated accordingly.
