Page 154 - CityofSouthlakeFY25AdoptedBudget

Capital Projects & Infrastructure Investments
Each year, the City of Southlake identifies funding for a multi-year Capital Improvement Program (CIP). The
CIP is a tool used for planning and financial management, designed to coordinate the location, timing and
financing of capital improvements over a five-year period.

Capital improvements refer to major expenditures for things like land, buildings, and public infrastructure,
identified for the purpose of advancing the City’s strategic and comprehensive plans. The goals of Southlake’s
capital project planning efforts include:

1. Ensure timely construction of and/or repair of infrastructure to effectively meet ongoing community
needs, as defined by the City’s strategic and comprehensive plans;
2. Establish a methodical approach to public infrastructure funding and construction to eliminate
unanticipated, poorly planned, or unnecessary capital expenditures and to avoid sharp increases in tax
rates, user fees, or debt; and,
3. Align public projects with community growth patterns and development, as defined by the City’s
comprehensive plans.

Preparation of the City’s annual budget and the CIP are closely linked. As part of the operating budget,
Multiyear Operating Plan
financial resources are identified and allocated in accordance with established guiding principles. The five-
year implementation plan, identifying specific projects, funding sources, and priorities, is considered and
adopted by Council each February.

CIP Expenses - FY 2025 & Beyond

GENERAL FUND UTILITY FUND SPDC OTHER (IMPACT FEE FUNDS, PARK DEDICATION,
$200,000,000 SWUS, CEDC, PUBLIC ART AND HOT)

$180,000,000

$160,000,000 $23,905,500
DOLLARS $140,000,000

OF
1,000S $120,000,000 $54,691,282

IN $100,000,000
FUNDING $80,000,000

PROJECT $60,000,000 $1,790,000 $2,042,100 $41,240,000

$8,249,000
$40,000,000 $6,050,000 $28,102,500

$20,037,350 $2,768,500 $54,525,000
$20,000,000 $19,340,703 $25,408,988 $18,970,437
$15,950,000
$0 $8,582,500 $7,661,000 $4,825,000
FY 2025 FY 2026 FY 2027 FY 2028 BEYOND
Figure 5

154 FY 2025 City of Southlake | Budget Book