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Capital Improvement Plan

Introduction to the CIP

The CIP is a long-range plan that identifies capital projects, provides a planning schedule, and identifies financing options. The program provides a link between the City's comprehensive plan, various master plans, the annual budget, and the ten-year financial forecast. The organized approach to planning projects should extend beyond the production of this document. A project must meet $50,000 to be added to the Goldsboro CIP.

Development Process

The process of developing a CIP should soliditify the support of the citizens of Goldsboro and the city's commitment to carrying out these programs. Projects are identified by department heads who score their projects on a score of 1-10 (1 being the most urgent - 10 being the least). The city manager and city council then review the CIP for budget approval. Developing a CIP is a continual process meaning items can be added or removed at any time. It should be seen as a plan, not an established budget.

Purpose

The CIP keeps the public informed about the future capital investment of the city and allows them to play a more active role in the process. Planning and Financial constraint are essential components of the city's bond rating. By keeping planned projects within the city's financial capabilities, the city can preserve its credit rating and make the city more attractive to businesses and industries. When projects can not be funded within current resources, the plan helps to identify increases needed.

Uses of Funds

Funds
FY Years
Total (updated)
2023-2024
2024-2025
2025-2026
2026-2027
2027-2028
2028-2029
2029-2030
2030-2031
2031-2032
2032-2033
$ 50,000.00
$ 0.00
$ 125,000.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 175,000.00
$ 0.00
$ 2,825,000.00
$ 250,000.00
$ 6,500,000.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 9,575,000.00
$ 4,492,936.00
$ 8,516,436.00
$ 11,789,166.00
$ 5,293,638.00
$ 5,206,936.00
$ 5,319,947.00
$ 3,638,509.00
$ 2,838,800.00
$ 3,770,066.00
$ 368,800.00
$ 51,235,234.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 9,573,391.00
$ 18,474,098.00
$ 10,603,461.00
$ 15,132,651.00
$ 114,634,265.00
$ 11,276,502.00
$ 133,787,162.00
$ 9,119,474.00
$ 27,744,382.00
$ 0.00
$ 350,345,386.00
$ 14,116,327.00
$ 29,815,534.00
$ 22,767,627.00
$ 26,926,289.00
$ 119,841,201.00
$ 16,596,449.00
$ 137,425,671.00
$ 11,958,274.00
$ 31,514,448.00
$ 368,800.00
$ 411,330,620.00

Source of Funds

Funds
FY Years
Total
2023-2024
2024-2025
2025-2026
2026-2027
2027-2028
2028-2029
2029-2030
2030-2031
2031-2032
2032-2033
$ 1,917,933.00
$ 17,862,936.00
$ 3,561,936.00
$ 3,066,933.00
$ 2,721,936.00
$ 2,581,936.00
$ 2,831,936.00
$ 628,800.00
$ 483,800.00
$ 368,800.00
$ 36,026,946.00
$ 11,278,394.00
$ 6,291,598.00
$ 14,600,691.00
$ 1,459,356.00
$ 11,944,265.00
$ 12,619,513.00
$ 13,513,735.00
$ 10,069,474.00
$ 29,035,648.00
$ 0.00
$ 110,812,674.00
$ 0.00
$ 0.00
$ 0.00
$ 450,000.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 95,000.00
$ 0.00
$ 545,000.00
$ 600,000.00
$ 5,586,000.00
$ 4,300,000.00
$ 21,650,000.00
$ 104,950,000.00
$ 600,000.00
$ 120,580,000.00
$ 500,000.00
$ 1,900,000.00
$ 0.00
$ 260,666,000.00
$ 270,000.00
$ 75,000.00
$ 180,000.00
$ 300,000.00
$ 225,000.00
$ 795,000.00
$ 500,000.00
$ 760,000.00
$ 0.00
$ 0.00
$ 3,105,000.00
$ 14,066,327.00
$ 29,815,534.00
$ 22,642,627.00
$ 26,926,289.00
$ 119,841,201.00
$ 16,596,449.00
$ 137,425,671.00
$ 11,958,274.00
$ 31,514,448.00
$ 368,800.00
$ 411,155,620.00

CIP Projects

Priority
Addition/ Replacement
Department
Funding Source
Budget
2023-2024
2024-2025
2025-2026
2026-2027
2027-2028
2028-2029
2029-2030
2030-2031
2031-2032
2032-2033
1
R
IT
Loan
$ 450,000.00
$ 450,000.00
1
A
IT
Loan
$ 96,000.00
1
R
IT
Loan
$ 700,000.00
1
R
IT
Loan
$ 500,000.00
$ 500,000.00
1
R
IT
Loan
$ 600,000.00
$ 600,000.00
1
R
IT
Loan
$ 80,000.00
$ 80,000.00
1
R
IT
Loan
$ 500,000.00
$ 500,000.00
1
R
IT
Loan
$ 200,000.00
$ 200,000.00
1
R
P&R
GF
$ 15,000,000.00
5
A
P&R
GF
$ 50,000.00
10
R
P&R
GF
$ 174,997.00
1
A
P&R
GF
$ 65,000.00
3
A
P&R
GF
$ 219,997.00
1
A
P&R
GF
$ 75,000.00
2
A
P&R
GF
$ 120,000.00
2
A
P&R
GF
$ 150,000.00
10
A
P&R
GF
$ 250,000.00
3
A
P&R
GF
$ 210,000.00
3
A
P&R
OC
$ 450,000.00
10
A
P&R
OC
$ 95,000.00
8
A
P&R
GF
$ 125,000.00
10
A
P&R
GF
$ 100,000.00
1
A
WTP
UF
$ 798,831.00
1
A
WTP
UF
$ 500,000.00
1
A
WTP
UF
4
R
WTP
UF
$ 100,000.00
1
A
WTP
UF
1
A
WTP
UF
$ 150,000.00
3
A
WTP
Loan
$ 7,000,000.00
1
R
WTP
UF
$ 300,000.00
1
A
WTP
UF
$ 600,000.00
5
A
WTP
Loan
$ 1,750,000.00
2
R
WTP
UF
$ 150,000.00
1
A
WTP
Loan
$ 5,000,000.00
1
A
WTP
Loan
$ 120,000,000.00
1
R
WTP
UF
$ 150,000.00
2
R
WRF
UF
8
A
WRF
UF
$ 350,000.00
1
R
WRF
UF
1
R
WRF
UF
1
R
WRF
UF
1
R
WRF
UF
$ 1,800,000.00
2
R
WRF
UF
$ 150,000.00
1
R
WRF
UF
2
A
WRF
Loan
$ 1,500,000.00
8
A
WRF
UF
$ 350,000.00
1
R
WRF
Loan
$ 1,000,000.00
1
R
WRF
Loan
$ 1,200,000.00
1
A
WRF
UF
$ 300,000.00
1
R
WRF
UF
$ 3,000,000.00
6
A
WRF
Loan
$ 1,500,000.00
1
R
WRF
Loan
$ 1,500,000.00
1
R
WRF
Loan
$ 1,500,000.00
1
R
WRF
Loan
$ 1,300,000.00
1
A
WRF
Loan
$ 101,000,000.00
2
R
WRF
UF
$ 157,500.00
1
R
WRF
UF
$ 202,230.00
1
R
WRF
UF
$ 350,000.00
1
R
WRF
UF
$ 201,702.00
1
R
WRF
UF
$ 160,000.00
1
R
WRF
UF
$ 160,000.00
1
R
WRF
UF
$ 500,000.00
1
R
WRF
UF
$ 500,000.00
1
R
Comp
UF
$ 200,000.00
1
R
Comp
UF
1
R
Comp
UF
$ 200,000.00
1
R
Comp
UF
$ 150,000.00
1
R
Comp
Loan
$ 600,000.00
1
R
Comp
UF
$ 180,000.00
1
R
Comp
UF
$ 100,000.00
2
R
Comp
UF
$ 211,750.00
1
R
Comp
UF
$ 306,261.00
2
R
Comp
UF
$ 226,573.00
1
A
Comp
UF
$ 300,000.00