Fund Description

Established in 2017, the Capital Projects Fund accounts for the expenditures of resources transferred from operating funds, the sale of bonds, and other revenues for major, long-lived, fixed-asset capital improvement projects associated with the town’s capital improvement program. These include infrastructure (streets, utility lines, etc.); public buildings (government offices, courthouse, police/fire stations, school facilities, airport facilities, etc.); equipment (expensive and costly items such as vehicles); and land acquisition projects. Capital projects accounted for in this fund are characterized by their cost (typically exceeding $50,000), relatively long operational life, and impact on a department’s operating budget. These funds are usually created to account for a single project or a related group of projects. They are closed when the projects are completed, even if that occurs over multiple fiscal years.

FY 2022 Projects

• $2,600,000 for Florance Road (Strader to Yarbrough)
• $2,400,000 for Faught Road (Old Justin to Robson Ranch)
• $300,000 Fire Protection Lines (Shober & Bingham)