Page 48 - CityofSouthlakeFY27Budget

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Cash allocated as part of the Capital Improvements Program is summarized in Figure 18 and totals
$21,050,000 across all funds.

City staff will present a CIP implementation plan to City Council in February 2027, outlining specific
project priorities and including:

• Detailed funding schedules identifying cash and debt funding by funding source,
• Project information sheets that include a description of each project, pertinent project details as well
as funding and expenditure schedules,
• Operating budget impact summary, and
• Multi-year plan.

The CIP implementation plan will establish a five-year funding schedule for priorities. The first year of
Budget Overview
the plan (FY 2027) is the capital budget planned for immediate implementation. Projects approved for
subsequent years (FY 2028 – FY 2031) will be adopted for planning purposes only and will not have
expenditure authority until approved as part of subsequent capital projects.

MULTI-YEAR OPERATING PLAN

As the annual budget is developed, it is important to provide high-quality services that are sustainable.
We must look beyond the current budget year to properly plan for future operations and to analyze the
impact current decisions will have on long-term financial objectives. In this regard, staff has prepared a
multi-year plan in conjunction with the FY 2027 budget.

The multi-year plan assumes conservative revenue growth and conservative property tax rate
management guided by tax relief goals. The plan assumes no service level reductions and provides for
growth in expenditures due to inflation and other known market pressures and cost drivers. Additionally,
this plan includes the infrastructure development costs planned for in the City’s Capital Improvements
Program adopted in February 2026 and contemplates adjustments needed to implement the City’s
compensation philosophy and remain an employer of choice.

The CIP Implementation plan will outline a five-year funding schedule.
The first year (FY 2027) includes the capital budget for immediate
action. Projects for later years (FY 2028 - FY 2031) are for planning
only and will require approval before any funding is authorized.

48 FY 2027 City of Southlake | Budget Book FY 2027 City of Southlake | Budget Book 49