Page 22 - Watauga FY21 Budget

BUDGET MESSAGE FOR FY 2020-2021

Capital Projects

The City’s Capital Improvement Plan (CIP) is a 5-year plan for public physical
improvements to include infrastructure such as streets, water and sewer and drainage
improvements. In addition, parks and building improvements are included in the CIP.
The CIP provides a forecast of funds available for capital projects and identifies all
planned capital improvement projects and their estimated costs. A detail of these
projects can be found in the Capital Improvement section of this document.

Approximately $14.9 million in planned capital projects are included in this year ‘s
budget and include continuation of the Whitley Road Street project, the fire station
restroom renovation project, and various water and sewer and storm drain infrastructure
projects. Projects supported by the Economic Development Corporation include a
restaurant incubator site, continuation of branding signs and the splash pad project that
is currently underway. Some projects will carry over from FY2019-2020 and year-end
projections are subject to change. Unused funds roll over each year until the projects
are completed.

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