Ord 51-2023 Adopt 5 Year Capital Improvement Plan for FY 2023-2024 09/05/2023 Ordinance No. 51-2023
Ordinance adopting the Five Year Capital Improvement Plan for the
Fiscal Year beginning October 1, 2023 and ending September 30, 2028
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS,
TEXAS, THAT:
1 . The 2024-2028 Capital Improvement Plan, which includes budget estimates of
the revenues and expenses for completing capital projects outlined in this plan, as
submitted to the City Council by the City Manager and outlined in the attached Summary
of All Capital Project Costs, is hereby adopted and approved.
2. Project costs and associated funding sources listed in the 2023-24 fiscal year
of the Five-Year Capital Improvement Plan formulate the approved capital improvement
budget. Project costs and associated funding sources for the remaining fiscal years of
the Five-Year Capital Improvement Plan are for planning purposes only, and are not
approved for funding by Council adoption of this document.
3. The City of Wichita Falls Thoroughfare Plan, including all associated
amendments and updates as determined by City Council, is hereby adopted by
reference as part of the City of Wichita Falls Capital Budget and all subsequent updates
and revisions to the Capital Budget. Streets, roadways, and associated rights-of-way,
easements, or both as identified in the Thoroughfare Plan are also included in as a part
of the adoption of this Capital Budget.
PASSED AND APPROVED this the 5th day of September, 2023.
002. --/Ve.;teia....,„
MAYOR
ATTEST:
City Clerk J
-..r City of Wichita Falls,Texas
M1. /.L j7/ Summary of All Capital Project
/C lef a ( Costs
Projected Financial Plan
23/24 24/25 I 25/26 26/27 I 27/28 Total
Project Cost:
Bldgs and General Facilities $ 890,000 $ 1,050,000 $ - $ - $ - $ 1,940,000
Parks and Recreation 1,428,500 11,679,691 16,656,873 7,500,000 900,000 $ 38,165,064
Traffic System 753,564 606,629 606,629 606,629 606,629 $ 3,180,080
Street System 4,505,860 2,530,000 2,530,000 2,530,000 2,530,000 $ 14,625,860
Multi-Purpose Events Center 600,000 715,000 1,450,000 464,000 - $ 3,229,000
Airports* 525,000 10,250,000 3,250,000 3,000,000 3,000,000 $ 20,025,000
Transit 1,310,000 1,664,870 4,675,000 100,000 2,000,000 $ 9,749,870
Sanitation System 3,981,763 6,594,368 5,561,159 5,005,370 3,583,935 $ 24,726,595
Water System 7,770,800 27,740,000 6,315,000 19,090,000 3,030,000 $ 63,945,800
Wastewater System 2,716,000 4,227,500 2,010,000 2,005,000 400,000 $ 11,358,500
Stormwater System 2,000,000 150,000 4,675,000 2,450,000 2,450,000 $ 11,725,000
Golf Course - 100,000 - - - $ 100,000
Fleet Replacements 2,822,763 6,315,319 6,008,145 6,033,283 63,000 $ 21,242,510
Information Technology 3,073,074 4,644,854 530,854 5,510,854 1,271,700 15,031,336
Total $32,377,324 $78,268,231 $54,268,660 $54,295,136 $19,835,264 $ 239,044,615
Sources of Funding:
General Operating Funds $ 7,750,924 $ 6,405,629 $ 4,205,629 $ 4,205,629 $ 3,136,629 $ 25,704,440
Information Tech Operating Funds 1,573,074 3,654,854 530,854 5,510,854 1,271,700 $ 12,541,336
Fleet Operating Funds 2,822,763 2,306,918 2,416,918 2,312,918 63,000 $ 9,922,517
Sanitation Operating Funds 3,981,763 9,533,769 8,083,386 7,656,735 3,583,935 $ 32,839,588
Water/Sewer Operating Funds 10,486,800 17,017,500 6,825,000 21,095,000 3,430,000 $ 58,854,300
Stornwater Operating Funds 2,000,000 150,000 4,675,000 2,450,000 2,450,000 $ 11,725,000
Water Park Operating Funds 1,130,000 550,000 40,000 100,000 900,000 $ 2,720,000
Airport Operating Funds - 1,250,000 550,000 300,000 - $ 2,100,000
Federal Grants - - - - - $ -
FAA Grant Funds* 525,000 9,000,000 2,700,000 2,700,000 3,000,000 $ 17,925,000
FTA Grant Funds 1,310,000 1,664,870 4,675,000 100,000 2,000,000 $ 9,749,870
Venue Tax and MPEC 600,000 715,000 1,450,000 464,000 - $ 3,229,000
Cemetery Perpetual Care Funds - 900,000 350,000 - - $ 1,250,000
4B Funds 197,000 - - - - $ 197,000
Undetermined Funds - 25,119,691 17,766,873 7,400,000 - $ 50,286,564
Total $32,377,324 $78,268,231 $54,268,660 $54,295,136 $19,835,264 $ 239,044,615
*Airport Funds supported by FAA Grant Funds are not included in the operating budget but are allocated through ordinance
Combined 5 Year Estimated Funding Sources
0.52%
11.58% operating Revenue
65.43%
0.08%
1.35%
■Operating Revenue •Venue Tax •4BFunds ■Grants ■Undetermined Funds •Cemetery Perpetual Funds