Capital Planning Committee

Meetings


Agendas & Minutes


Agendas are available prior to the meetings. Minutes are available following approval.
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Purpose


This Committee’s purpose is to provide an objective and consistent forum whereby all the town’s capital requests can be planned, prioritized, and recommended. This Committee works closely with all town departments to ensure that their capital requirements for the immediate year and longer term are understood and documented, leading to a recommendation to the Town Manager, Select Board, Finance Committee, and ultimately town residents as to how to best spend the resources that the town has for capital expenditures.

Definition of Capital


The Capital Planning Committee uses the following guidelines to define capital: major non-recurring tangible assets or projects which cost more than $10,000, have a useful life of longer than five years, and are purchased or undertaken at intervals of not less than five years are considered capital items (computers and related technology and police cruisers are excluded from this definition).