Page 311 - Southlake FY23 Budget

CAPITAL IMPROVEMENTS PROGRAM (CIP)

plannIng and FundIng For Future capItal projects
As mentioned previously, there is a strong connection between Southlake’s current comprehensive plan, Southlake
2030 and Southlake 2035, and the development of the CIP. Each plan includes recommendations that are
structured on a tiered implementation schedule (Tier 1: 1-3 years, Tier 2: 4-6 years and Tier 3: 7+ years). As such,
departments have identified all capital projects that are included in Southlake 2030 as recommendations and those
projects have been programmed not only into the upcoming Capital Budget but also throughout the remaining years
and “beyond” category of the CIP. The chart below shows a large amount of funding in the “beyond” years that can
be attributed to both Tier 2 and Tier 3 Southlake 2030 project recommendations related to mobility, storm water,
and park projects. As future Capital Budgets and plans are developed, projects shown in the “beyond” category will
be moved forward as funds become available.

cIp expenses FY 2024 & BeYond

GENERAL FUND UTILITY FUND SPDC OTHER (IMPACT FEE FUNDS, PARK DEDICATION,
SWUS, CEDC, PUBLIC ART AND HOT)
$160,000

$140,000

DOLLARS $120,000 $21,557

OF $100,000
1,000S $43,615

IN $80,000
FUNDING

PROJECT $60,000 $7,799 $20,080

$40,000
$4,218 $21,800
$6,750
$20,000 $10,361 $10,518 $1,988 $1,607 $49,266
$12,321 $9,039
$15,486 $13,373
$0 $6,368 $5,875
FY 2024 FY 2025 FY 2026 FY 2027 BEYOND

Funding is represented in thousands of dollars (000s). Example: 3,776 = $3,776,000

310 FY 2023 City of Southlake | BUDGET BOOK
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