Lake County, IL
File #: 23-1758    Version: 1 Name: Facilities Capital Investment Policy
Type: resolution Status: Passed
File created: 11/17/2023 In control: Financial & Administrative Committee
On agenda: Final action: 12/12/2023
Title: Resolution approving the Lake County Facilities Capital Investment Policy.
Attachments: 1. 3.X Facilities Capital Investment Policy FINAL as APPROVED on 12-12-2023 (23-1758), 2. 3X Facilities Capital Investment Policy FBA 12.12.23, 3. 4X Facilities Capital Investment Policy - Proposed

Title

Resolution approving the Lake County Facilities Capital Investment Policy.

 

Staff Summary

                     Lake County Policy 3.5 Budget Development Policy provides general guidelines for planning and budgeting for Capital Improvement.

                     The Facilities and Construction Services Department (FCS) manages Lake County’s facilities and delivers life-cycle investments aligned to the strategic initiates, goals, and policies of the County.

                     This policy is to provide clear guidance on the planning, programming, budgeting, execution, and reporting requirements for the Facilities Capital Investment Program.

 

Body

RESOLUTION

 

WHEREAS, the Facilities and Construction Services Department (FCS) manages Lake County’s facilities and delivers life-cycle investments aligned to the strategic initiates, goals, and policies of the County; and

 

WHEREAS, this policy applies to the execution and management of the Lake County Facilities Capital Investments over which the Lake County Board has authority; and

 

WHEREAS, the Facilities Capital Investment Program ensures the planning (setting priorities and determining funding) and execution of facilities construction and maintenance and repair projects meets the County’s requirements.

 

NOW, THEREFORE, BE IT RESOLVED, by this County Board of Lake County, Illinois, that the Facilities Capital Investment Policy is hereby approved with the purpose and intent to provide clear guidance on the planning, programming, budgeting, execution, and reporting requirements for the Facilities Capital Investment Program.

 

DATED at Waukegan, Illinois, on December 12, 2023.