Capital Improvement Program

The capital improvement program is a five-year funding plan that implements the city’s plans for growth and sustainability. As part of the budget, it is distinct from the operating budget as it considers large, big-ticket projects and purchases that last a long time and are non-repetitive expenses. 

While some funding is pay-as-you-go or cash-funded, for many large purchases it is better to spread the cost over many years. Rather than a loan, however, local governments issue municipal bonds or general obligation bonds to fund these large expenses. These bonds are paid off over time with interest.

By agreement, the city issues $5M in general obligation bonds for the capital needs of Roanoke City Public Schools each year. RCPS makes the payments on these borrowed funds from its operating budget. The annual $5M is a baseline amount for ongoing needs. Often, additional capital funding is needed for larger projects such as a new school or substantial renovations. RCPS, in turn, is responsible for covering larger debt payments that result. 

Below is a summary of the proposed Capital Improvement Program for the fiscal year from July 2022 through June 2023.  The CIP is a funding plan and, while funding in the first year of the five-year plan is almost always assured, the next four years may be amended as priorities change or funding levels change.

 

School InvestmentsTotal CostBudget FY23Program FY24Program FY25Program FY26Program FY27
Morningside Expansion
Preston Park replacement year 1		12,750,00012,750,000



Preston Park year 2
Lincoln Terrace HVAC, roof replacement
Patrick Henry practice field regrade
Hurt Park new playground		12,855,000
12,855,000


Preston Park year 35,000,000

5,000,000

Westside renovation/reconstruction year 1
Roanoke Academy for Mathematics and Science roof replacement
Highland Park roof replacement
James Madison roof replacement		5,000,000


5,000,000
Westside year 2     5,000,000



5,000,000







Total investments by year40,605,00012,750,00012,855,0005,000,0005,000,0005,000,000
Bond funding40,605,00012,750,000   12,855,0005,000,0005,000,0005,000,000

 

Public Works InvestmentsProject CostBudget FY23Program FY24Program FY25Program FY26Program FY27
Curb, gutter, and sidewalk construction8,500,0001,700,0001,700,000   1,700,0001,700,0001,700,000
Curb, gutter, and sidewalk replacement3,175,000      635,000635,000635,000635,000635,000
Sidewalk maintenance - cash funded1,677,095335,419335,419335,419335,419335,419
Street paving and ADA ramps - bond funded5,000,0001,000,0001,000,0001,000,0001,000,0001,000,000
Street paving and ADA ramps - cash funded21,199,6204,239,9244,239,9244,239,9244,239,9244,239,924
Streetscape improvement projects2,500,000500,000500,000500,000500,000500,000
13th Street SW Bridge rehabilitation2,000,000
2,000,000


Wasena Bridge replacement (13,750,000 previously allocated)27,500,000    13,750,000



Melrose Avenue bridge over Peters Creek 1,250,000



1,250,000
Bridge maintenance - cash funded3,993,430798,686798,686798,686798,686 798,686
Stormwater improvements - bond funded16,000,0004,000,0003,000,0003,000,0003,000,0003,000,000
Stormwater improvements - cash funded    7,625,0001,525,0001,525,0001,525,0001,525,0001,525,000
Public Works Service Center locker room renovation         430,000430,000



Public Works Service Center wash house and refueling station      3,900,000
345,0003,555,000

Passenger rail building1,865,000
1,865,000









Total Investments by year
  106,615,14528,914,02916,079,02917,289,02913,734,02914,984,029
Cash funding34,495,145
6,899,0296,899,0296,899,0296,899,0296,899,029
Bond funding72,120,00022,015,0009,180,00010,390,0006,835,0008,085,000

 

Parks and Recreation InvestmentsTotal CostBudget FY23Program FY24Program FY25Program FY26Program FY27
Eureka Park Center8,000,0008,000,000



Washington Park Pool3,150,000750,0002,400,000


Richardson Wayland property500,000             500,000



River's Edge phase 21,500,0001,500,000



Skate park1,000,000
1,000,000


Capital maintenance1,200,000



1,200,000







Total Investments by year

15,350,000

10,750,0003,400,000

1,200,000
Grant funding (American Rescue Plan Act)8,000,0008,000,000



Bond funding7,350,0002,750,0003,400,000

1,200,000

 

Technology InvestmentsProject CostBudget FY23Program FY24Program FY25Program FY26Program FY27
Advantage financial system3,000,000600,0001,900,000500,000

Records management system2,030,0002,030,000



Network cabling700,000700,000



Global Human Resources2,300,000

1,000,0001,100,000200,000
Internet expansion750,000

400,000
350,000
Technology capital5,500,0001,500,0001,000,0001,000,0001,000,0001,000,000







Total Investments by year14,280,0004,330,0002,900,0002,900,0002,100,0001,550,000
Cash funding5,500,0001,500,0001,000,0001,000,0001,000,0001,000,000
Bond funding8,780,0003,330,0001,900,0001,900,0001,100,000550,000

 

Library InvestmentsProject CostBudget FY23Program FY24Program FY25Program FY26Program FY27
Belmont Branch Phase 22,000,000300,0001,700,000









Total Investments by year
2,000,000300,0001,700,000


Bond funding2,000,000 300,000 1,700,000


 

Capital Building Maintenance InvestmentsProject CostBudget FY23Program FY24Program FY25Program FY26Program FY27
Capital Building Maintenance - bond funded4,550,0001,000,0001,000,000950,000600,0001,000,000
Capital Building Maintenance - cash funded1,375,000375,000250,000250,000250,000250,000
HVAC and structural projects625,000 405,000220,000


Magistrate Office renovation755,000          100,000655,000


Commonwealth Attorney office renovation1,450,000
   200,0001,250,000








Total Investments by year8,755,0001,880,0002,325,0002,450,000850,0001,250,000
Cash funding1,375,000375,000250,000250,000250,000250,000
Bond funding7,380,0001,505,0002,075,000          2,200,000600,0001,000,000

 

Fire/EMS Facility InvestmentsProject CostBudget FY23Program FY24Program FY26Program FY26Program FY27
Noble Ave Station No 2 replacement10,650,000500,000850,0001,000,0008,300,000







Total investments by year10,650,000500,000850,0001,000,0008,300,000          
Bond funding10,650,000       500,000850,0001,000,0008,300,000           


Fleet InvestmentsTotal CostBudget FY23Program FY24Program FY25Program FY26Program FY27
Fleet capital - bond funded5,825,0001,600,000   600,0001,325,0001,700,000600,000
Fleet capital - cash funded4,651,4571,307,9521,047,263978,574780,743536,925







Total investments by year10,476,4572,907,9521,647,2632,303,5742,480,7431,136,925
Cash funding4,651,4571,307,9521,047,263978,574780,743536,925
Bond funding5,825,0001,600,000600,0001,325,0001,700,000600,000

 

Berglund Center InvestmentsTotal costBudget FY23Program FY24Program FY25Program FY26Program FY27
Performing Arts Theater restroom remodel, parking lot lighting, roof replacement, and various maintenance projects7,500,0001,500,0001,500,0001,500,0001,500,0001,500,000
HVAC improvements - cash funded107,75021,55021,55021,55021,55021,550







Total investments by year7,607,7501,521,550     1,521,5501,521,5501,521,550
1,521,550
Cash funding107,75021,55021,55021,55021,55021,550
Bond funding7,500,0001,500,0001,500,000
1,500,000
1,500,000
1,500,000