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Board moves to align five-year capital plan with $800,000 capital budget
Summary
Board members voted to adjust the first year of a five-year capital plan to reflect a reduced capital budget of $800,000, moving $200,000 to investments and updating related depreciation estimates.
The Chair presented a draft five-year capital plan and noted that years three through five were placeholders. A committee member recommended aligning the year‑one capital figure with the final approved budget and said, "we're thinking about possibly reducing the capital budget to 800,000," before moving to adjust the plan.
The motion to update the five-year capital plan to reflect the final approved budget (reducing first-year capital from $1,000,000 to $800,000 and showing $200,000 as invested) was moved and adopted by voice vote. The committee member responsible for the budget noted depreciation figures were adjusted slightly after the change.
