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- All Subjects: Budget
- Creators: Tempe (Ariz.)
- Creators: Rex, Tom R.
A detailed listing of the city of Tempe's budget
The CIP is a five-year financial plan for the acquisition, construction, expansion, or rehabilitation of infrastructure and capital assets. Although capital projects are scheduled throughout the five-year plan, only those projects during the first year of the plan are adopted as part of the City's annual budget.
A report of the City's fiscal year financial program including a budget overview, a comprehensive financial plan, revenue information, a performance budget, a capital improvement budget, and schedules and summaries.
The purpose of the stabilization fund is to reduce the fluctuations in general fund revenue caused by the economic cycle. These fluctuations result in large budget surpluses in some years and large deficits in other years. Without considering the structural deficit, the budget stabilization fund almost certainly will not have the funding necessary to offset the cyclical reduction in revenue that will occur during the next recession.