Page 334 - City of Bedford FY22 Budget

Capital Improvements: One-year Plan

The C it y of Be dford C apit al Improv e me nt Program (C IP) is a proce ss by which t he C it y de v e lops a plan for major
capit al e x pe ndit u re s. C IP proje ct s inclu de improv e me nt s t hat are re lat iv e ly e x pe nsiv e , non-re cu rring, hav e a
mu lt i-y e ar u se fu l life , and re su lt in { x e d asse t s. For e x ample , t he const ru ct ion and acqu isit ion of ne w bu ildings;
addit ions or re nov at ions t o e x ist ing bu ildings; const ru ct ion and re const ru ct ion of st re e t s; improv e me nt s t o
wat e r, sanit ary se we r, and drainage ; and pu rchase s of land and major e qu ipme nt . Du e t o t he nat u re and t ot al
cost of most of t he C it y ’s C IP, Ge ne ral Obligat ion and R e v e nu e Bonds and C e rt i{ cat e s of Obligat ion are major
sou rce s of fu nding.

De part me nt s su bmit t he ir re qu e st s for proje ct s annu ally du ring t he bu dge t proce ss. C it y Manage me nt
re v ie ws t he re qu e st s and de t e rmine s what will be inclu de d for fu nding in t he propose d bu dge t . The C it y
C ou ncil mak e s t he { nal de t e rminat ion on which proje ct s will be inclu de d in t he bu dge t base d on av ailable
fu nding. Proje ct s are re v ie we d base d on ne e d, priorit y from a st u dy (if re le v ant ) and fu nding av ailabilit y.
Proje ct s t hat are re qu e st e d bu t u nable t o be inclu de d in t he bu dge t show a fu nding sou rce of "u nfu nde d,"
indicat ing t he ir st at u s, bu t le av ing t he ne e d k nown in case fu nding be come s av ailable in t he cu rre nt { scal
y e ar.

Total Capital Requested
"30,353,095

5 2 C apital Im prov em ent P rojects

Total Funding R eques ted by Departm ent Total Funding R eques ted by Source

F ac ilit ies Managem ent (6%) $1, 78 0, 15 0. 00
U nfunded (10%) $3 , 2 49, 15 0. 00
P o lic e (0%) $48 , 000. 00
General F und (1%) $3 06, 3 60. 00
Supply A nd D is t r ibut io n (3 3 %) $9, 8 90, 417. 00
Wat er Vehic le R eplac em ent F und (0%) $13 2 , 3 00. 00
F leet Ser v ic es (0%) $43 , 5 00. 00
C er t i{c at es o f Obligat io n (5 1%) $16, 75 0, 417. 00
P ublic Wo r ks A dm inis t rat io n (1%) $400, 000. 00
Ot her (2 %) $62 1, 000. 00
F ir e (1%) $405 , 8 00. 00
Maint enanc e F und (1%) $2 00, 000. 00
Was t e Wat er (17%) $5 , 063 , 000. 00
General Obligat io n Bo nd (3 5 %) $11, 472 , 793 . 00
P ublic Wo r ks (0%) $3 3 , 000. 00
St r eet s (3 %) $8 5 5 , 3 75 . 00 TOTAL $32,732,020.00
P ar ks (3 9%) $11, 762 , 8 5 3 . 00
F inanc e (0%) $71, 000. 00
TOTAL $30,353,095.00

The m aj o r i t y o f t he pr o j ect s r eques t ed f o r F Y 2022 ar e i nf ras t r uct ur e pr o j ect s t hat wi l l no t hav e an i m pact o n o perat i o nal
co s t s . Ther e i s po t ent i al s av i ng s i n pr ev ent i ng l i ne br eaks , but s t af f i s unabl e t o quant i f y an i m pact .

City of Bedford, TX | Budget Book 2022 Page 334