5.09 CIP On Time Completion Rate

<div><span style='color: rgb(85, 85, 85); font-family: &quot;Open Sans&quot;, &quot;Avenir Next&quot;; font-size: 16px;'>The City’s Capital Improvement Program (CIP) strives to optimize the use of limited resources, both financial and operational, to best meet the capital needs of the City. One key factor in assessing the City’s fiscal capacity to fund projects is the ability to determine the amount of budgeted funds that will be spent or encumbered in the fiscal year. Sound Capital planning includes accurate project cost estimates and timing the funding of projects to coincide with the organization’s capacity to complete the project. These practices limit the amount of funds tied up but not used in a fiscal year, which could have been used for other needs.</span><br /></div><div><span style='color: rgb(85, 85, 85); font-family: &quot;Open Sans&quot;, &quot;Avenir Next&quot;; font-size: 16px;'><br /></span></div><div><font color='#555555' face='Open Sans, Avenir Next'><span style='font-size: 16px;'>This page provides information for the CIP Funds Spent or Encumbered performance measure.</span></font><br /></div><div><br /></div>DO NOT DELETE OR MODIFY THIS ITEM. This item is managed by the ArcGIS Hub application. To make changes to this page, please visit https://tempegov.hub.arcgis.com:/overview/edit.