Page 26 - FY 24 Budget Forecast at Adoption.xlsx

receive finish upgrades. This project is currently in the design and development phase, with
construction to begin at the start of the fiscal year.

This year's budget also includes significant one‐time investments in street and sidewalk
infrastructure of $16.2 million, explored in more detail under Goal 4, and approximately $28.8
million to enhance and maintain our parks and trails, as noted in Goal 1.

The FY 2023‐24 Adopted Budget continues City Council's commitment to cash funding capital
projects whenever possible. This includes nearly $29 million in park improvements, $16.2 million
in street and sidewalk improvements, $4.5 million in facilities improvements, $625,000 in water
system improvements, $250,000 in drainage system improvements and $200,000 in wastewater
system improvements. With a proposed capital project investment totaling approximately $50.6
million, about 27% will be cash funded.

Looking ahead, the city's Capital Improvements Plan forecasts $109.4 million in city capital
expenditures over the next five years and anticipates issuing $71.9 million in debt, or 65.8%. The
proposed debt includes up to $27 million for street system improvements, $27 million for park
improvements related to the Keller Sports Park, $10.2 million for water system improvements
and $7.7 million for wastewater system improvements.

Debt issuances on the horizon can be found in the city's five‐year Capital Improvements Plan.
Below is a list of the projects related to proposed debt issuances:

 Keller Sports Park Revitalization
 Whitley Road Reconstruction Project
 Old Town Keller East/Bates Street Projects
 2023 SWIFT Waterline Replacement Project
 Pump Station Rehabilitation
 Johnson Road 12" Waterlines
 Rapp Road 16" Waterlines
 Bear Creek Parkway 12" Waterlines
 Big Bear Central Wastewater Capacity Improvements
 Little Bear Central Wastewater Capacity Improvements
 Big Bear Southwest Wastewater Capacity Improvements

Goal 4: Improve & Maintain Sound Infrastructure

The city maintains a five‐year Capital Improvements Plan to address current and future needs,
ensuring we maintain and improve our safe and efficient roadways, sidewalks, and water,
wastewater and drainage systems. This allows the city to budget projects and seek financial
assistance through grant applications and regional partnerships.

24