Page 183 - Colleyville FY19 Budget

CAPITAL IMPROVEMENT PROGRAM

In keeping with the City’s focus to sustain and plan for Colleyville’s long-term needs,
the fiscal year 2019 budget includes the City’s 5-Year comprehensive Capital
Improvement Plan (CIP). This plan identifies planned projects for the next five years,
based on funding availability, and a schedule for completion. Capital projects are
defined as those projects requiring an investment of $50,000 or more and that have
a useful life of at least five years. Colleyville’s CIP includes projects in several
categories, as shown in the chart below. The CIP provides an opportunity to consider
all of the city’s capital needs in the coming years and determine the priority of each,
as well as whether available funding resources are sufficient to support those
expenditures.

FY 2019 Project Category FY 2019 Project Cost

Streets $13,212,509
Utility $1,373,000

Other $3,333,738
TOTAL $17,919,247

The City Council approved resolution R-18-4305 adopting the comprehensive five-
year capital improvement program for FY 2019-2023, which will require Council
approval for any changes. Having the entire five year CIP approved by resolution
serves to communicate the City’s long-term plans and provides a basis on which staff
can plan for anticipated projects.

The capital projects fund itself has no dedicated revenue source; any income received
is from transfers from other funds, to set aside funding for capital projects that are
often multi-year in nature and not appropriate for an annual operating budget. It is
also the holding place for street impact fees, perimeter street fees, and other escrows
until they are used for eligible purposes. Similarly, the Utility Capital Projects Fund
(created in FY 2017) receives funding from transfers from surpluses from the Utility
(operating) Fund and revenue from the CIP base rate on utility bills, for use on utility
capital projects. It is also the holding place for water and wastewater impact fees,
until they are used for eligible utility capital projects. The 5-Year CIP utilizes a variety
of funding sources including the City’s major operating funds, capital projects funds,
special revenue funds, and other entities such as the County.

The pages that follow provide a summary of the FY 2019 CIP projects and associated
funding sources, as well as a description and map indicating the location.

Impact on Operating Budget:
Project descriptions also include information relating to any anticipated operating
costs associated with the capital project, however, most capital projects do not
require any new operating costs as they are primarily improvement to or replacement
of already existing infrastructure.

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