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In: Accounting

Find and provide a link to a multi-year capital plan from any Illinois municipality. Discuss the...

Find and provide a link to a multi-year capital plan from any Illinois municipality. Discuss the presentation of the plan (i.e. - is there detail about specific projects, funding sources, etc) and how you think it could be improved.

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Expert Solution

The Link can't be provided so you can find it in the document centre of the village of the round lake beach and the multi year capital plan is for the years from 2015- 2024.

The plan is presented in detail proving the names of the specific projects that would be undertaken by the village and all the ways in which they will be collecting the funds needed. The plan talks about the following specific projects:

  • The transportation system: A details plan of how the funds will be procured over the years has been provided. What all funds that will be used and how the money will be collected has been described and year wise the complete road map has been drawn as to how the development will take place over the years and has been drawn geogrraphically on maps of the village.
  • Water System:Again a details plan of how the funds will be procured over the years has been provided. What all funds that will be used and how the money will be collected has been described and year wise the complete road map has been drawn as to how the development will take place over the years and has been drawn geogrraphically on maps of the village.
  • Sanitary Sewer System: A details plan of how the funds will be procured over the years has been provided. What all funds that will be used and how the money will be collected has been described and year wise the complete road map has been drawn as to how the development will take place over the years and has been drawn geogrraphically on maps of the village.
  • Storm Sewer Systm: A details plan of how the funds will be procured over the years has been provided. What all funds that will be used and how the money will be collected has been described.

The funding is alot dependent upon the taxes from the people inhabiting the place and a very small amount has been estimated as allocations from outside. The plan is highly unrealistic as there may be instances where the people residing the place may not choose to pay so much or simply not buy the bonds they are expecting to issue.


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