Page 47 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

CAPITAL IMPROVEMENTS PROGRAM

Budget Overview
Each year, the City of Southlake identifies funding for a multi-year Capital Improvements 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:

• 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;
• 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,
• 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,
financial resources are identified and allocated in accordance with established guiding principles shown
in Figure 16. The current five-year implementation plan, identifying specific projects, funding sources,
and priorities, was adopted by City Council in February 2026 in accordance with the schedule shown in
Figure 17. The plan is scheduled for annual review and adoption in February 2027.

Figure 16

CIP Guiding Principles

FY 2027 City of Southlake | Budget Book 47