Page 297 - Southlake FY24 Budget

Creating the Capital Improvements Program

Southlake’s Capital Budget cycle spans from October to February, when the Capital Budget is adopted
by the Southlake City Council. The process, shown in Figure 1, begins each October with the City’s CIP
Governance Committee, a cross-department group that is comprised of the Executive Leadership Team
and key department stakeholders. Following presentations by each requesting department, this group
evaluates and prioritizes projects considering a variety of factors, including:

• Alignment with Guiding Principles (see Figure 2)
• City Council Priorities
• Financial Policies and Debt Management Strategy
• Comprehensive Plans
• Project Impact to Operating Budget
• Asset Management Best Practices Capital Improvement Projects

CIP Guiding Principles

Figure 2
FY 2024 City of Southlake | Budget Book 297