Page 311 - FY 2023-24 ADOPTED BUDGET

2024 FIVE-YEAR
CAPITAL IMPROVEMENT PROGRAM

In addition to an Annual Operating Budget, the City of Benbrook prepares a Capital
Improvement Program (CIP) each year. The CIP is a listing of planned capital projects
for the upcoming five-year period together with the expected costs and anticipated
methods of financing. The CIP includes projects relating to Community Facilities,
Streets, and Drainage Facilities, as well as the acquisition of larger or specialized
equipment.

To be included in the CIP, expenditures must meet all of the following general criteria:

1. Qualify as a capital project.
2. Have a useful life of not less than five years.
3. Exceed $50,000.

Many CIP projects have ongoing costs for staffing and maintenance well beyond its initial
purchase and/or construction. Therefore, it is important to note that once a project is
approved, the entire project, not just the first year’s portion, must be considered. For
projects that span multiple years, this may create a future obligation to complete the
project. For this and other reasons, the CIP must be viewed from a multi-year
perspective.

Funding for CIP comes from several sources including:

1. Transfers from the Operating Budget
2. Transfers from reserves
3. Economic Development Corporation
4. Tax Increment Financing District
5. Stormwater Utility Fund
6. Bond issuances
7. Grants or other outside contributions

Project Summaries

Based on an analysis of needs and available funding, Table 1.1, as well as Sections
1.1.1 Community Facilities and Equipment, 1.1.2 Streets, and 1.1.3 Drainage Facilities,
provides a summary and description of the City of Benbrook’s five-year CIP.

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