Page 77 - FY 24 Budget Forecast at Adoption.xlsx

CAPITAL IMPROVEMENT PROJECT (CIP) FUNDS
The table below provides a list of Adopted FY 2023-24 capital costs and/or new projects by project and
project type. The five-year CIP located in the CIP section provides a list of all current projects (FY 2022-
23 and prior years), adopted projects (FY 2023-24) and potential future projects (FY 2024-25 through FY
2027-28). The five-year CIP provides the project costs per year, which are separate funding and
expenditure allocations. The city uses project-life budgeting, meaning the total approved project funding
and expenditure allocations include prior-year allocations plus those adopted in FY 2023-24. The revenue
and expenditure allocations end at the close-out of the project rather than the end of the fiscal year.

Facilities/General Government Estimated Cost
Police Station Renovations 4,500,000
Total $4,500,000

Street System Capital Projects Estimated Costs
Old Town Keller E. - Bates St. Park 10,580,000
Future Street Reconstruction 2,345,414
Mt. Gilead Reconstruction & Roundabout 1,025,000
Pavement Markings 700,000
Pedestrian Masterplan Grant 600,000
Sidewalk Repair 302,500
Bancroft/Spring Branch Reconstructions 250,000
Signal Modifications 200,000
377 Median Design 100,000
Tarrant Parkway Right Turn Dedication 100,000
Total $16,202,914

Parks Capital Projects Estimated Costs
Sports Park Revitalization 27,000,000
TBD Splash Pad 750,000
Trail System Expansion 750,000
Sports Park Playground Replacement 300,000
Total $28,800,000

Water System Capital Projects Estimated Costs
2023 SWIFT 250,000
Tank Maintenance 175,000
Water Line Replacements 200,000
Total $625,000

Wastewater System Capital Projects Estimated Costs
Wastewater Line Replacements 200,000
Total $200,000

Drainage Capital Projects Estimated Costs
Woods Drive 200,000
Stream Channel Erosion Repairs 50,000
Total $250,000

75