Page 315 - FY 2026-2027 Adopted Budget Book

Capital Improvement Plan

Five-Year Plan 2027-2031

The City of Bedford Capital Improvement Program (CIP) is a process by which the City develops a plan for
major capital expenditures. CIP projects include improvements that are relatively expensive, non-recurring,
have a multi-year useful life, and result in capital assets. For example, the construction and acquisition of new
buildings; additions or renovations to existing buildings; construction and reconstruction of streets;
improvements to water, sanitary sewer, and drainage; and purchases of land and major equipment. Due to the
nature and total cost of most of the City’s CIP, General Obligation and Revenue Bonds and Certificates of
Obligation in the Capital Projects Funds are major sources of funding.

Departments submit their requests for projects annually during the budget process. City Management reviews
the requests and determines what will be included for funding in the proposed budget. The City Council makes
the final determination on which projects will be included in the budget based on available funding. Projects
are reviewed based on need, priority from a study (if relevant), and funding availability.

Capital Improvement Plan by Fund
$15M

General Capital Projects Fund
Water and Sewer Capital Projects Fund
Amount $10M Stormwater Capital Projects Fund
EDC-4B Street Improvement Fund
Water and Sewer Repair Fund
Various Grants Fund
$5M Unfunded
Stormwater Fund
Facilities Maintenance Fund
$0
FY2027 FY2028 FY2029 FY2030
Fiscal Year : Fiscal Years
Data Updated: Aug 26, 2026, 3:44 PM View Report

Total Funding Requested by Project
Kelmont Park Subdivision Street, Utility & Drainage Reconstruction
FY2027
Brown Trail Paving
Fiscal Year : Fiscal Years FY2028 Harwood and Murphy Signalized Intersection
Rankin Drive Full Reconstruction & Improvements
Shady Meadow Drive Reconstruction
Harwood Rd and Central Dr Signalized Intersection
Hospital Parkway Water Line
FY2029
Library Solar Panel System Replacement
Tibbets Drive Water Line Loop
SS4A Plan and ADA Plan
FY2030 Library Roof Replacement
Library Staff Area Carpet Replacement
$0 $2M $4M $6M $8M $10M $12M $14M
Amount
Data Updated: Aug 26, 2026, 3:44 PM View Report

FY 2026-2027 Adopted Budget Book · September 15, 2026 311