Page 46 - Southlake FY22 Budget
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TrAnSMITTAL LETTEr
PLANNING &
DEVELPMENT
PUBLIC
WORKS
SPDC CECD
DEPARTMENT CITY
CIP FORMS POLICE TECHNICAL BOARD CITY
DISTRIBUTED & CIP COMMITTEE APPROVAL MANAGER COUNCIL
TO DEPARTMENTS SUBMITTAL REVIEW SUBMITTAL APPROVAL
FIRE
ECONOMIC
DEVELOPMENT
& TOURISM
CCPD
COMMUNITY
SERVICES
Figure 13: Capital Improvements Program (CIP) development and approval process
CaPiTal imPrOvemenTs PrOgram
The adopted FY 2022 to FY 2026 Capital Improvements Program (CIP) is also submitted for City Council’s
consideration.
The CIP supports the City of Southlake’s strategy because projects included for FY 2022 through FY
2026“provide travel convenience within the city and region,” and “provide attractive and unique spaces for
enjoyment of personal interests.” The CIP is also an “investment of city dollars to provide and maintain high
quality public assets.”
The CIP establishes a five-year funding schedule for the purchase, construction or replacement of physical
assets of the City. Capital improvements typically have a useful life of over ten years and a value greater
than $10,000. The first year (FY 2022) of the CIP is called the Capital Budget and is appropriated in the same
manner as the annual operating budget. Projects approved for subsequent years (FY 2023 through FY 2026)
are approved for planning purposes only and do not receive expenditure authority until they are part of the
Capital Budget.
The CIP Technical Committee, which is comprised of the Assistant City Manager and Department Directors,
began the process of evaluating CIP project requests in April to allow adequate time for the CIP to be
developed in conjunction with the annual budget. By reviewing the CIP in conjunction with the budget, City
Council will be able to evaluate capital needs as part of overall budget considerations, such as operating
impacts.
DID YOU KNOW?
100% of the projects included in the FY 2022
Capital Budget address a Southlake 2030 or
Southlake 2035 recommendation.
BUDGET BOOK | FY 2022 City of Southlake 45
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