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Finance director outlines CIP priorities, centralization and cost‑recovery plan
Summary
Finance Director Mark Manning presented the city’s 10‑year capital improvement program framework, emphasized prioritizing maintenance, proposed a 50/50 cash/debt funding target, and outlined a centralization plan and a fee 'cost‑pyramid' to increase cost recovery and transparency.
Mark Manning, Wichita’s finance director, presented a high‑level overview of the 10‑year Capital Improvement Program (CIP), the city’s financing framework and two operating budget strategies: centralization of financial services and a cost‑recovery policy guided by a fee 'cost pyramid.'
Manning told council the CIP will be tilted toward maintenance in the near term and be aligned with the…
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