Ord 38-2017 9/19/2017 Ordinance No. 38-2017
Ordinance adopting the Five Year Capital Improvement Plan for the
Fiscal Year beginning October 1, 2017 and ending September 30,
2022
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS,
TEXAS, THAT:
1. The 2017-18 to 2021-22 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 2017-18 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.
PASSED AND APPROVED this the 19t" day of September, 2017.
MAYOR
ATTEST:
City N rk
SPAC
IT
CITY OF WICHITA FALLS
INTER-OFFICE MEMORANDUM
TO: Honorable Mayor and Members of the City Council
FROM: Barron J. Leiker, City Manager
DATE: August 9, 2017
SUBJECT: 2018 to 2022 Capital Improvement Plan
The attached document outlines the City's Five-Year Capital Improvement Plan
(CIP) for the organization- The purpose of a CIP is to focus on the City's capital
budgeting needs over a multi-year basis as opposed to one year at a time, and to
identify potential funding sources to finance those projects. In this CIP, capital
improvements are defined as tangible equipment items, one-time projects, or large
maintenance projects that have a cost exceeding $25,000.
Although the 2018-2022 CIP is a separate document from the Annual Operating
Budget, it will also be considered for adoption by the City Council in September.
It should be noted, however, that Council adoption of this plan does not mean that
all of the projects listed in the plan are approved for funding. Only the project
costs identified in the 2017-18 fiscal year of the CIP formulate the approved
budget for capital improvement projects. The projects listed in the 2017-18 fiscal
year have approved funding sources and the City is firmly committed to
undertaking these projects within this fiscal year. The projects listed in the outlying
fiscal years are for financial planning purposes only-
The total cost for all of the projects outlined in the Five-Year CIP is $157.5 million.
These projects are identified in the following sections in summary form and by
specific project. The 2017-18 fiscal year capital improvement budget totals $39.9
million. With the exception of the proposed Full-Service Hotel and Conference
Center Project, funding for projects in Year One of the CIP are incorporated into
the City's 2017-18 Annual Operating Budget or approved grant programs- The
Hotel and Conference Center Project is reflected in the 2017-18 fiscal year capital
improvement budget because both the City Council and the 4B Sales Tax
Corporation have approved resolutions expressing their intent to issue debt for the
Chv's share of this public/private development. No other projects identified in the
2017-18nequire additional debt to be issued.
Of the $157.5 million in project costs, estimated funding sources for the Five-Year
C|P are identified in the table below.
| should also mention that ofthe $157.5 million, approxinnate|y $1B8.2 million in
projects have defined funding sources. However, financing the remaining $48.3
million in projects will require additional funding sources that have not been
appnoved, such as increased operating revenues, future bond issues, or grants.
Many ofthe projects in theVVaher/Sevver System, Parks Department, &4PEC and
Streets will require significant bond issues |f they are ho be undertaken during this
five-year period. For example, completion of the Circle Trail ($7.7 million) and
Trail Spurs ($13 million), Lake Wichita Development near the boat ramp ($23
million), Lake Kiokopoo Pump Station ($1.6 nni8ion), rehabilitation of the "61" Plant
at Cypress Water Plant ($2.6 million), Streets and Parks Floods /$18.4 million),
and several facility projects at MPEC ($37 million) remain unfunded. What this
means is that some of these projects may be deferred until a later point in time or
increased water and sewer rates and/or property taxes will be needed for much of
the debt service expenses. Staff plans to undertake on effort later this Fall to
study these issues in more detail and develop a financing plan for the highest
capital improvement priorities of the organization.
In summary, this C|P provides o planning boo[ that in helpful in ascertaining
financial needs to accomplish capital improvement goals established by the
governing body and city management. | hope that it provides the City Council and
the citizens with some valuable information on the capital needs of Wichita Falls
over the next five years.
Respectfully submitted,
[)arronJ. Leiker
City Manager
City of Wichita Falls, Texas
Summary of All Capital Project Costs
2018-2022
Projected Finanelal Plan
171,18 18f19 1 Z8, 1 2021 J 2,112,2,,, Total
Project Cost:
Bldgs and General Facilities $17,961,281 $ 670,000 $ 250,000 $ 385,000 $ 450,000 $ 19,716,281
Technology $ 329,500 $ 1,420,800 $ 938,300 $ 904,500 $ 404,500 $ 3,997,600
Parks and Library $ 1,075000 $ 3,632,191 $ 4,854,019 $11,768„954 $ 6,400,000 $ 27,730,164
Traffic System $ 371,023 $ 340,800 $ 340,800 $ 340,800 $ 340,800 $ 1,734,223
Fleet Replacements $ 3,970,716 $ 4,034,216 $ 4,184,216 $ 4,334,216 $ 4,484,216 $ 21.007,580
Airports $ 803,400 $ 235,000 $ 200,000 $ 200,000 $ 200,000 $ 1,638,400
Transit System $ 1,545 115 $ 400,000 $ 400,000 $ 400,000 $ 400,000 $ 3.145,115
Street System $ 2,530,000 $ 6,701,000 $ 6,701,000 $ 6,701,000 $ 6,701,000 $ 29,334,000
Water System $ 4,053,710 $ 3,631,000 $ 6,976,000 $ 3,176,000 $ 3,176,000 $ 21,012,710
Wastewater System $ 3,049 000 $ 1,535,000 $ 1,566,000 $ 1,310,000 $ 1,310,000 $ 8,770,000
Sanitation System $ 600,000 $ 730,000 $ 600,000 $ 600,000 $ 600,000 $ 3,130,000
Drainage System $ 3,590 000 $ 4,500,000 $. 273,655 $ 2,193,694 $ 2,000,000 $ 12,557,349
Multi-Purpose Events Center $ $ 3,230,500 $ 490,000 $ $ $ 3,720,500
Total $39,878 745 $31,060,507 $27 773,990 $32,314,164 $26,466,516 $ 157,493,922
Sources of Funding:
General Operating Funds $ 3,342 644 $ 3,872,800 $ 3,200,800 $ 3,335,800 $ 3,400,800 $ 17,152,844
Information Tech Operating Funds $ 329,500 $ 1,420,800 $ 938,300 $ 904,500 $ 404,500 $ 3,997,600
Fleet Operating Funds $ 2,114,216 $ 2,234,216 $ 2,384,216 $ 2,534,216 $ 2,684,216 $ 11,951,080
Sanitation Operating Funds $ 1,956 500 $ 2.530.000 $ 2,400,000 $ 2,400,000 $ 2,400,000 $ 11.686,500
Water/Sewer Operating Funds $ 5,402,710 $ 4,511,000 $ 4,542,000 $ 4,286,000 $ 4,286,000 $ 23,027,710
Stormwater Operating Funds $ 4,090,000 $ 4,500.000 $ 273,655 $ 2,193,694 $ 2,000,000 $ 13,057,349
Water Park Operating Funds $ $ $ $ 1,000,000 $ 400,000 $ 1,400,000
Airport Operating Funds $ $ 57,850 $ 50,000 $ 50,000 $ 50,000 $ 207,850
CDBG Funds $ $ 200,000 $ 200,000 $ 200,000 $ 200,000 $ 800,000
FAA Grant Funds $ 723,060 $ 177,150 $. 150,000 $ 150,000 $ 150,000 $ 1,350,210
FTA Grant Funds $ 1,545,115 $ 320,000 $ 320,000 $ 320,000 $ 320,000 $ 2,825,115
4B Sales Tax Revenue Bonds $10,000 000 $ $ $ $ $ 10.000,000
Certificates of Obligation $ 7,600,000 $ $ $ $ $ 7,600,000
Texas Water Development Bond Funds $ 1,700 000 $ $... $ $ $ 1.700,000
Private Funds $ 175,000 $ $ $ $ $ 175,000
Cemetery Perpetual Care Funds $ 900,000 $ 350,000 $ $ $ $ 1,250,000
Undetermined Funds $ $10,886,691 $13,315,019 $14,939,954 $10,171,000 $ 49,312,664
Total $39,878745 $31,060,507 $27773,990 $32,314,164 $26,466,516 $ 157,493,922
Combined 5 Year Estimated Funding Sources
Cemetery Perpetual Funds Private Funds
0.79% 0.11/a TWDBBonds
1.08%
Undetermined Funds
31.31 I
Grants
3.161- "" Operating Revenue
�� ` � �` 52.37%
�r
Certificates of Obligation
4 83%
46 Revenue Bands
6.351