Page 41 - Southlake FY23 Budget

TRAnSmITTAL LETTER

Capital Improvements Program

The proposed FY 2023 to FY 2027 Capital Improvements Program (CIP) is also submitted for City Council’s
consideration.

The CIP establishes a five-year funding schedule for the purchase, construction, or replacement of physical assets of
the City. The first year (FY 2023) 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 2024 through FY 2027) are approved for
planning purposes only and do not receive expenditure authority until they are part of the Capital Budget.

Proposed CIP projects are prioritized, and funding sources are identified by a staff committee. First, the CIP request
forms are distributed to the appropriate departments. The request forms are subsequently completed by the
responsible departments and submitted to the committee, which then begins the process of evaluating the various
requests. The committee’s role includes:

1. reviewing the CIP project requests for accuracy,
2. determining if projects can be consolidated in order to reduce project costs, and
3. scoring each CIP project request based on a standardized form.

PLANNING &
DEVELPMENT
PUBLIC
WORKS
SPDC CECD
DEPARTMENT CITY
CIP FORMS POLICE TECHNICAL BOARD CITY
DISTRIBUTED & CIP COMMITTEE APPROVAL MANAGER COUNCIL
TO DEPARTMENTS FIRE SUBMITTAL REVIEW SUBMITTAL APPROVAL
ECONOMIC
DEVELOPMENT
& TOURISM
CCPD
COMMUNITY
SERVICES

Figure 13: Capital Improvements Program (CIP) development and approval process

40 FY 2023 City of Southlake | BUDGET BOOK
WWW.CITYOFSOUTHLAKE.COM