For the purpose of this subchapter, the following words and phrases shall have the meaning ascribed to them by this section.
CAPITAL BUDGET. The first year of the Capital Improvement Program for which appropriations have been approved and prioritized.
CAPITAL IMPROVEMENTS PROGRAM. A five-year schedule of capital improvement projects including estimates of costs, proposed sources of financing, methods and relative priorities.
CAPITAL IMPROVEMENT PROJECTS. The construction, reconstruction, alteration or acquisition of fixed assets with a useful life of at least three years and a total cost exceeding $3,000 including but not limited to: buildings, land, equipment, thoroughfares and vehicles.
(1980 Code, § 30.11) (Ord. 1994-9, passed 4-26-1994)