Participants will earn 3.0 CPE, .3 CEU, 3 Contact Hours
Field of Study: Accounting
This course is an elective course for the Harold F. Holtz Municipal Training Institute and is designed to provide an overview of the Capital Improvement Program (CIP) process from the beginning stages of assessing the capital needs and requests, developing the capital plan and budget during the budget process, determining the appropriate funding sources and managing capital projects after budget adoption. Some of the information included in the course pertains directly to Georgia.
Upon completion of the course, the participant will be able to:
recall the definition of capital improvement program and capital assets
distinguish between a budget for CIP compared to operating
define criteria for including improvement in CIP
describe planning documents and policies to consider during development of the CIP
recall the elements of a capital replacement schedule
describe the operating impact of a capital improvement on the budget
explain how capital improvements are selected and methods used to evaluate and prioritize
describe the roles of governing authority and other participants involved in the capital planning and budgeting process
recall how capital improvement plans are developed and managed
Prerequisites: Basic knowledge of capital budgeting and planning process
Who Should Attend? This session is for anyone involved in development or administration of the capital budgeting and planning process.
Advance Preparation: None
Program Level: Overview
Delivery Method: QAS Self Study
Final exam is required with a minimum score of 70%, one retest is allowed. Should you not pass the second attempt, you will be required to register for the course again.
Recommended internet is at least DSL with a speed of 3mbps