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013 <br />Below please find a set of criteria developed by the administration and reviewed by the Finance Committee. It <br />is recommended that you evaluate your budget submission against these criteria and be sure that it meets at least <br />one, if not several of the criteria on the list. <br />City of Lakewood Project -Based Capital Investment Criteria <br />Criterion A <br />❑ <br />;The project or policy is mandated by another government entity or other legal <br />requirement. <br />Criterion B 1The <br />❑✓ <br />project or policy meets a need or provides a service that is not served by <br />by <br />another government entity or that is traditionally served municipal <br />governments. <br />Criterion C <br />� <br />The project or policy was started in a previous year. <br />Criterion D <br />� <br />,The project or policy provides an important health and/or safety benefit, and/or it <br />creates a potential hazard or liability of not corrected. <br />Criterion E <br />The project is a necessary repair or replacement of existing infrastructure or <br />facilities. <br />-------------------- <br />Criterion F <br />...................... <br />� <br />❑ <br />;The project or policy cost will be offset by operating cost savings, increased <br />by doing it <br />;productivity, and/or increased revenues, or creates acost/loss not since <br />it will be preventative in nature. <br />.......................................... .............. <br />G <br />........ <br />� <br />......Criterion The project or policy .......... ......... .................................................................................................................................... <br />should be us....... **'** ...........ed by or directly serve at least 33% of residents. <br />Criterion H I� <br />The project or policy advances community vision or other objectives put forward <br />by a study, plan, or task force. <br />Criterion I <br />� <br />❑ <br />The project or policy would have direct positive economic development impacts; <br />and is supported by the business community as a priority. <br />Criterion J <br />The City has the financial capacity to sustain or maintain this policy or project <br />�✓ <br />over the long term (10 years or more). This policy or project will not create an <br />acute, unfunded financial burden on future City budgets for maintenance or <br />continuation of the policy or project. <br />................................................................... <br />3 1 P a g e <br />