Page 80 - CityofBurlesonFY25AdoptedBudget

D. DEPOSITORIES The City Council, having given due consideration to all of its options
and taking into consideration what is in the best interest of the municipality,
hereby authorizes the consideration of applications of depositories not doing
business within the City of Burleson, Texas so long as that bank maintains a
business location within a five-mile radius of Burleson City Hall. This authorization
encompasses all of the depository uses and requirements of the City.

VIII. CAPITAL BUDGET AND PROGRAM

A. PREPARATION. The City will develop a 5 year capital improvement plan (CIP) to
include all capital projects being considered and all resources for capital funding.
The budget will be prepared on a fiscal year ending calendar and reported
annually. The 5 year CIP will be prepared by Department Director and presented
to City council during the budget process. Finance Director will work closely with
Department to ensure funding capacity is available.

B. CONTROL. All capital project expenditures must be appropriated in the capital
budget at a project level. The Finance Department must certify the availability of
such appropriations or the availability of resources needed to be appropriated
before a capital project contract is presented to the City Council for approval. Any
remaining funds of a completed project not allocated by City Council will be closed
into an unallocated account in the same fund. Similar projects are to be grouped
together in a fund based on type of project and source of funding, using the similar
Capital Projects Fund classifications for reporting purposes in the Annual Financial
Report.

C. PROGRAM PLANNING. The capital budget will include capital improvements
program plans for future years. The planning time frame should normally be at
least five years. The replacement and maintenance for capital items should also
be projected for the next 5 years. Future maintenance and operational costs will
be considered at the initiation of a project so the costs can be included in the
relevant operating budget.

D. FINANCING PROGRAMS. Where applicable, assessments, impact fees, pro-rata
charges, or other fees should be used to fund capital projects having a primary
benefit to specific, identifiable property owners.

E. INFRASTRUCTURE MAINTENANCE. The City recognizes that deferring
maintenance increases future capital costs. Therefore, a portion of the
appropriate fund's budget will be set aside each year to maintain the quality of
the City's infrastructure. The inclusion of infrastructure maintenance and
replacement costs in the current operating budget will place the burden of the
costs and repairs on the current users of the systems.

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