Page 17 - CityofEulessFY26AdoptedBudgetOrdinance2432

Expenditures from this fund include a transfer to the General Fund equal to one- third of the
City' s share of the revenue. This transfer helps offset the amount needed from property
taxes to support general government operations. Additionally, funding is included for the
airport revenue sharing obligations and equipment replacement funding as mentioned
previously. Capital funding for the aquatics park and natatorium improvements and a
transfer to CIP for future projects are also included.

The reserve level for this fund is $ 4, 000, 000 due the reliance on this funding for general
government operations.

CAPITAL IMPROVEMENT FUNDS

A separate Capital Improvements Program ( CIP) has been updated and will be distributed
under separate cover. This comprehensive document provides a summary of all funded
projects detailing project scope, justification, funding sources, future maintenance and
operating costs, and expenses to -date.

Unfunded projects are categorized as Priority A, B, or C. Priority A items are
recommended in the upcoming budget year and funding sources have been identified.
Priority B items are expected to be presented for funding consideration within a two to five
year window. Priority C items have been identified, but will be introduced for funding
consideration at some time beyond the five year window. Projects identified as Priority B
are considered in multi -year financial planning. This Capital Improvements Plan is fluid
and will be reviewed and updated annually based on infrastructure needs within the City.

The FY2025- 26 recommended Priority A projects include ongoing curb and gutter
improvements to the drainage system; continued street improvements; a traffic signal at
State Highway 10 and Dickey Drive; traffic signal improvements at Farm to Market 157 and
Signet Drive; wastewater line replacements at Martin, Slaughter, E. Huitt, Oakwood
Terrace North ( Phases I & II), and Vine Street; water line replacement at Sagebrush Trail; a
feasibility and programming study for a Euless Family Life Center expansion, Kiddie Carr
Park improvements, batting cage area redevelopment at the Parks at Texas Star South,
and South Euless Park improvements.

LONG- TERM DEBT

The City has existing long-term debt issued for the acquisition and construction of major
capital facilities, infrastructure, and equipment. A brief explanation of the various debt
instruments is provided below:

General Obligation Bonds — issued pursuant to voter authorization for infrastructure and
facility projects.

General Obligation Refunding Bonds — issued to refund existing General Obligation Bonds
and Certificates of Obligations in order to lower the overall debt service requirements of
the City. These bonds do not require voter authorization.

201 N. Ector Drive, Euless, Texas 76039- 3595
817/ 685- 1400 • Metro 817/ 267- 4403 • Fax 817/ 685- 1416
www. eulesstx. gov

Ordinance No. 2432, Page 17 of 474
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