Page 368 - FortWorthFY23AdoptedBudget

Horizon Issues

online system for the purchase of boat ramp stickers, which will automate the process, reduce cost, and generate
additional revenue.

Transportation and Public Works
With the pace of development currently occurring in the region, the Department is experiencing constraints in its
supply chain for construction-related materials and activities; subsequently, such constraints continue to drive
price increases in both labor and construction materials.

The ongoing adoption of the asset management system’s advanced modules will greatly increase the capabilities
of our asset management program for the transportation network by providing higher-quality decision-making for
effective maintenance management practices.

Expediting/facilitating the deployment of 5G network facilities is a high priority for the City. The TPW ROW
Management Division will continue to actively work with key City and private stakeholders to identify and
implement best practices for permitting, installation, and inspection of these facilities.

The department has engaged industry asset management experts to assist in developing an Asset Management
Strategy to include evaluating our current asset management capabilities, maturity level, and the development of
an Asset Management Road Map to guide the department’s asset management efforts over the next 3-5 years.

The recent acquisition of an asphalt milling machine will provide Street Operations with a new avenue to increase
street maintenance repairs. Street Operations continues to look for opportunities to increase long lane asphalt
repairs to improve the drive for citizens across the City.

Special Revenue Funds

Alliance Maintenance Facility
The following issues for FY2022 are expected to result in some level of budgetary and/or operational impact over
the next one to ten years. The issues listed are often in the preliminary or problem identification stage, could pose
significant resource allocation challenges soon, and/or adequately addressing the issue may require some sort of
City Council action/decision.

Lease Revenues: The GDC bankruptcy may result in a loss of approximately $760K in lease revenue and utility
reimbursements. The final determination of the impact of lost revenue from GDC is contingent upon the court
ruling from the bankruptcy filed in 2021. A potential increase of lease revenue with new tenants and reimbursable
costs could result in approximately $20M over the next 10 years if lease negotiations are finalized and executed.

Central Utility Plant: The replacement chiller is expected to be operational at the end of FY2021 and is expected
to increase efficiency that will result in a decrease of approximately $500K in utility expenses. Additionally, capital
improvements, such as a new chiller pump, may be required at a cost of approximately $400K.

Fuel Farm: Anticipated fuel farm expansion is expected to result in additional fuel sales revenue of approximately
$200K annually.

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