Page 250 - City of Colleyville FY22 Adopted Budget

CAPITAL IMPROVEMENT PROGRAM

In keeping with the City’s focus to sustain and plan for Colleyville’s long-term needs,
the fiscal year 2022 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.

Project Category 2022
Drainage $100,000

Facilities $5,015,000
Information Technology $300,000
Master Plans/Studies $200,000

Parks and Recreation $5,415,000
Sidewalks/Trails $2,850,000
Streets $12,991,000
Wastewater $600,000

Water $1,805,539
Total $29,276,539

The City Council approved resolution R-21-4651 adopting the comprehensive five-
year capital improvement program for FY 2022-2026, 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.

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