A capital plan is a multi-year document outlining a municipality's planned capital investments, typically spanning 5-10 years. Capital plans list proposed projects (new facilities, infrastructure upgrades, major equipment), estimated costs, timing, and funding sources. The plan helps coordinate infrastructure development, ensure projects align with community needs and strategic priorities, and identify funding requirements in advance. Capital plans are regularly updated as priorities change, costs are refined, and projects are completed or deferred. While the first year of a capital plan often becomes the approved capital budget, later years are projections subject to future council approval.