Page 62 - CityofTrophyClubFY25AdoptedBudget

Town of Trophy Club
Capital Improvement Program (CIP)
OVERVIEW

A Capital Improvement Program (CIP) is a crucial public infrastructure and planning
tool for municipalities, reflecting the Town’s core policies and financial capabilities in
managing the community’s physical development. The Town of Trophy Club’s five-
year infrastructure and equipment funding plan is reviewed annually to accommodate
shifting priorities. This plan provides a structured approach for identifying capital

requirements and assessing the impact of capital projects on operating budgets.

Typically, the CIP includes costly, non-recurring improvements with a multi-year useful
life, resulting in fixed assets. These encompass the construction and acquisition of new
buildings, additions or renovations to existing buildings, street construction, drainage
improvements, land purchases, and water and wastewater utility infrastructure.

Every year, the Town of Trophy Club updates its Capital Improvement Program for a
five-year period. The program is shaped by input from citizens, Boards & Commissions,
the school district, and Homeowner’s Associations. Proposed projects are evaluated
based on several factors, including compliance with the Comprehensive Plan and the
Town’s growth and safety needs. These projects are then presented to the Town
Council for consideration and final approval.

CIP Goals

Develop objectives that encompass all capital projects over a five-year period.
Identify funding sources while maintaining fiscal constraints.
Align projects with the Comprehensive Plan.
Base project selection on citizen input.
Ensure project objectives are realistic, relevant, and easy to understand.
Provide realistic assessments of the scope and cost of projects.

FY 2024-2025 54 Approved Annual Budget