Page 376 - CityofSouthlakeFY25AdoptedBudget

ADOPTED CIP

FY 2024

Capital Budget Highlights
The adopted Capital Improvement Program (CIP) authorized $35.6 million in funding for a total of 28 projects.
Appendix
This allocation includes $24.7 million in cash funding, along with an additional reallocation of $635,000 from
the General Fund’s Strategic Initiative Fund (SIF). The remaining $10.9 million of the CIP is funded through
the issuance of a Utility Fund certification of obligation. A detailed breakdown of the approved funding is
presented in the chart below and on the detailed table on the following page.

FY 2024 Adopted Capital Budget - Allocation by

Funding Type

Cash Funding - $24.7 Million
General Fund (SIF) - $8,635,000
Bonds - $10.9 Million Utility Fund - $8,000,000
Utility Fund - $10,867,630 Roadway Impact Fee Fund - $730,000
General Fund - $0 Water Impact Fee - $133,000
Storm Water Utility System - $578,000
CEDC Fund - 241,000
SPDC Fund - $5,500,000
Hotel Occupancy Tax Fund - $200,000
CCPD Fund - $334,500
Public Art Fund - $400,000

Additional information regarding the approved projects and the allocated funding, including a breakdown of
project expenses and timelines can be found in the Capital Improvements Program which can be found at:
www.CityofSouthlake.com/CIP.

376 FY 2025 City of Southlake | Budget Book