Page 289 - City of Watauga FY22 Adopted Budget

CIP AND CAPITAL PROJECTS FUNDS

Below shows the revenue sources for the five year capital improvement plan. These include
cash funding, grants, bond issuances (General Obligation (GO) or Certificates of Obligation
(CO). If funding is not currently in place, the possible funding sources include “TBD” to be
determined. These are evaluated each year and updated in the CIP budget process. This
year’s revenue sources include possible grant funding from Tarrant County for street projects.
These amounts have been estimated for the CIP plan and shall be determined during the 2021-
2022 fiscal year.

SUMMARY OF REVENUE SOURCES FOR THE CAPITAL IMPROVEMENT PLAN
REVENUE SOURCES FOR CIP FUND AMOUNT FY20-21 FY21-22 FY22-23 FY23-24 FY24-25 FY25-26
CDBG/Revenues $700,000 $50,000 $50,000 $250,000 $50,000 $250,000 $50,000
Tarrant County Bond Grant Streets GENERAL FUND $12,693,496 $1,512,500 $4,626,996 $1,752,500 $2,030,000 $2,771,500
2016 CO (6M) GENERAL FUND $2,399,420 $700,000 $1,699,420
2017 CO (7.5M) W&WW $3,425,887 $1,892,887 $1,533,000
2018 CO GENERAL FUND $3,937,936 $2,260,175 $1,677,761
2019 CO W&WW $7,106,410 $445,009 $5,302,201 $1,359,200
2020 CO GENERAL FUND $2,517,660 $1,078,210 $1,439,450
2021 CO (TBD) GENERAL FUND $3,713,000 $2,112,500 $1,600,500
2022 CO (TBD) GENERAL FUND $3,149,496 $3,149,496
2022 CO (TBD) W&WW $4,000,000 $4,000,000
2023 CO (TBD) GENERAL FUND $3,262,500 $3,182,500 $80,000
2023 VOTER APPROVED GO GENERAL FUND $17,000,000 $17,000,000
2024 CO (TBD) GENERAL FUND $2,030,000 $2,030,000
2024 CO (TBD) W&WW $4,000,000 $4,000,000
2025 CO (TBD) GENERAL FUND $2,771,500 $2,771,500
STORM DRAIN REVENUES STORM $6,183,590 $950,519 $2,937,111 $206,160 $1,889,800 $200,000
EDC SALES TAX REVENUES TYPE B $43,000 $43,000
REVENUES UTILITY & GF $780,000 $100,000 $100,000 $280,000 $100,000 $100,000 $100,000
GRANT/REVENUE GENERAL FUND $250,000 $0 $50,000 $50,000 $50,000 $50,000 $50,000
TO BE DETERMINED(TBD) BUILDING $0 $0 $0
TO BE DETERMINED(TBD) STREETS $0 $0
TO BE DETERMINED(TBD) DRAINAGE $8,001,000 $200,000 $7,801,000
TO BE DETERMINED(TBD) EDC $300,000 $300,000 $0
MAINTENANCE W&S & STREETS W&S REV/STREET MAINT $1,440,000 W&S/General Fund Revenus $240,000 $240,000 $240,000 $240,000 $240,000 $240,000
STREET MAINTENANCE (SALES TAX& GF) STREET MAINT $4,800,000 Street Maintenance/CO/GF $800,000 $800,000 $800,000 $800,000 $800,000 $800,000
CIP 2021-2026 $94,504,895 $8,516,800 $19,453,943 $17,105,352 $8,064,800 $9,580,000 $31,784,000

FY2021-2022 PARKS PROJECTS

Description: Park Vista Playground/Sidewalk Project – $345,000
This project provides for a playground and sidewalk in the Park Vista neighborhood.

Justification: The Park Vista Playground will
enhance the neighborhood and provide for
improvement of quality of life. Currently, a
playground does not exist in this neighborhood.

Operating Impact: Minimal impact to the
operating budget is anticipated for playground. The
project will be paid for by the 2018 Certificates of
Obligation proceeds.

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