Site work for a water / sewer project in Harrisonburg, Virginia. Conceptual plans call for site work for a water / sewer project.

As of August 13, 2024, per owner, at this time, the referenced project has not initiated procurement so they do not have any updates yet. Proj202 Harrisonburg Public Utilities formats its Capital Improvement Program (CIP) to provide funding for three applications: 1. Capital Rehabilitation and Retirement (R&R): R&R is the retirement of existing assets at an optimum time near the end of their life cycle but with opportunity to avoid ancillary financial, social or environment burden. The HPU CIP process uses asset retirement date forecasts made from known installation dates and from Manufacturer's Anticipated Service Life (MASL). The CIP process provides Future Asset Replacement Cost (FARC) by inflating the Current Asset Replacement Cost (CARV) by two-andone-half percent annually to the retirement date. 2. Capital Growth (CG): CG is the addition of new assets with the purpose of expanding service, capacity, functionality or strategy of operations. 3. Target Capital Reserve = 1% of CARV 4. Revenue: Because rates cannot be adjusted annually to meet the schedule of fluctuating costs, HPU determines the sum and the uniform funding that is required throughout the immediate upcoming 25 years period. The latter is the Annual Cost of Sustainable Operations (ACSO) and is used for funding and expense scheduling. Adjustments are made when rates will not support the ACSO or when expenses are significant to require debt. The CIP Plan is not adjusted for rates.