Page 28 - City of Watauga FY22 Adopted Budget

BUDGET-IN-BRIEF

o Parks and Recreation
▪ Vehicle for Park Maintenance

o Library
▪ Furniture Replacement

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 $19.5 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 food business
park at Capp Smith Park. Some projects will carry over from FY2020-2021 and year-
end projections are subject to change. Unused funds roll over each year until the projects
are completed. Capital equipment identified needs include $1.25 million in vehicles,
equipment, facility needs, and technology needs. More information can be found in the
Capital Outlay section of this document.

Current Year Capital Expenditures by
Category $20.7 million

Water and Other Projects

Sewer Projects 4%
33%
Drainage Majority of capital projects
Projects are funded by proceeds
14%
from debt issuances
Street and
Sidewalks
41%

Capital
Parks Projects Equipment
2%
6%

20