Capital Improvement Funds
Overview
Capital Improvement Funds are established to account for the financial resources to be used for the of major acquisition and construction capital facilities, as well as for the purchase of equipment and the construction of major improvements to City facilities. The Capital Improvement Funds category includes:
- 302 | Parks General Obligation (GO) Bond Capital Fund
- 348 | Capital Projects Fund
- 350 | Surtax Fund
Revenues vs. Expenditures
Revenues vs. Expenditures
Parks General Obligations (GO) Bond Capital Fund Overview
The GO Bond Fund was established in FY 2015-16 for the express purpose of accounting for all monies expended within the fund. The Parks Master Plan Projects include Bluesten Park, Golden Isles Tennis Center and Park, Ingalls Park, Sunset Park, Historic Village, Chavez Lake Park, and Sunrise Park. The total planned expenditure under the GO Bond is $58.5 million.
Parks General Obligations (GO) Bond Capital Fund Revenues vs. Expenditures
Parks General Obligations (GO) Bond Capital Fund Revenues vs. Expenditures
Capital Projects Fund Overview
The Capital Projects Fund was established to account for specific Capital Program expenditures. For FY 2022-23, the Capital Projects Fund expenditure budget is $2,365,640.
Capital Projects Fund Revenues vs. Expenditures
Capital Projects Fund Revenues vs. Expenditures
Surtax Capital Fund Overview
The Surtax Capital Fund was established in FY 2020-21 to account for mobility projects. Some of the mobility projects include Citywide Bus Shelter Improvements, Bus Stop Digital Signage, and NW/SW 8th Avenue Complete Street. For FY 2022-23, the funding will be allocated through a Budget Amendment when it is received.