Page 354 - CityofColleyvilleFY25AdoptedBudget

Capital Improvement Plan (CIP)
The City’s Capital Improvement Plan (CIP) for Fiscal Years 2025-2029 is a strategic framework designed to
address Colleyville's long-term infrastructure and facility needs. This 5-Year plan outlines signi cant projects
that have been identi ed and prioritized to enhance public safety, improve the quality of life for our citizens,
and maintain the City’s service delivery systems.

The rst year of the CIP, Fiscal Year 2025, is fully integrated into the City's operating budget, re ecting the
projects approved for funding in the current scal year. However, years two through ve (FY 2026 - FY 2029) are
included for planning purposes only and are not currently funded. These future projects will be assessed
annually, with funding determined based on available nancial resources and evolving community needs and
priorities.

Consistent with our commitment to scal responsibility, the City continues to fund capital projects on a pay-as-
you-go, cash-funded basis. This approach is balanced by efforts to secure external funding sources, including
several proposed grants to offset City funding needs, ensuring that we maximize outside funding whenever
possible.

The FY 2025 budget prioritizes projects focused on public safety and quality of life improvements, including
funding for the Recreation Center Master Plan following the successful referendum earlier this year. The CIP
de nes capital projects as those requiring an investment of $50,000 or more and having a useful life of at least
ve years. This plan allows City leaders to evaluate capital needs comprehensively over the next ve years,
determine project priorities, and assess the adequacy of available funding resources.

Projects within the CIP are identi ed and proposed by the Colleyville Leadership Team, which includes
department heads (primarily the Parks Director and Public Works Director), the City Manager's Of ce, and
members of the City Council. After being incorporated into the 5-year plan by City Management and the
Finance Department, the City Council reviewed the CIP during a Worksession in July and approved it in
September, alongside the operating budget.

For FY 2025, the Capital Improvement Plan (CIP) includes projects with minimal operating impacts beyond
regular repair, maintenance, and supply costs. These costs are anticipated to be manageable and will be
absorbed within the currently approved operating budget. The City is committed to maintaining its
infrastructure and services while ensuring that any additional operational expenses related to new capital
projects are sustainable and do not necessitate signi cant increases in future budgets. This strategy allows us
to continue investing in essential improvements without straining operational resources.

The City remains committed to balancing necessary improvements and enhancements with available
resources, while being mindful of infrastructure needs, public safety, and quality of life for our community. For
full information, please see the separately available Capital Improvement Program for FY25-29 on the City’s
website or contact the Finance Department.

Funds Used for Capital Projects

Capital Project Fund - The Capital Project Fund is a general fund used to account for a wide range of capital
improvements across the City of Colleyville. It does not have a dedicated revenue source of its own and is
funded primarily through transfers of excess reserves from the General Fund. Additionally, it holds restricted
street impact fees received, which can only be used for speci c approved projects.

Capital Utility Fund - The Capital Utility Fund is dedicated solely to water and wastewater projects. It is funded
through a capital project utility fee charged on customers' water bills and through transfers of excess revenue
from the Utility Operating Fund. The fund also manages water and wastewater impact fees, which are
restricted for use on speci c approved projects, and these funds are kept separate to ensure compliance with
restrictions.

City of Colleyville | Budget Book 2025 Page 354