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Georgetown CFO outlines $641 million in capital roll‑forwards and $4.7 million in operational items
Summary
Nathan Parris, the city CFO, told council the CIP roll‑forward amendment would carry roughly $641 million of capital projects and about $4.7 million of operational roll‑forwards into FY2026, with a backup list of 342 projects and a first reading scheduled for this meeting.
Nathan Parris, Georgetown's chief financial officer, presented the city's annual CIP roll‑forward amendment and described how the city moves unspent capital and certain eligible operational dollars from prior budgets into the next fiscal year.
Parris said the amendment is structured as tier 1 (capital) and tier 2 (operational) items and that the tier 1 capital total in the proposed roll‑forward is about $641,000,000. "The tier 1 amendments for your capital projects, the total amount is going to be $641,000,000 for capital projects," Parris said. He said the largest components include general capital (tax‑backed) projects and a large water‑fund component of roughly $300,000,000 rolling forward from previous years.
On operational roll‑forwards, Parris said the total across funds is about $4,700,000; examples include firefighting tactical equipment, legislative lobbying budget adjustments, signage and finishing existing initiatives such as downtown wayfinding, library systems upgrades and certain CDBG grant offsets.
Parris walked council through examples of how roll‑forwards work in practice — for instance, a multi‑year streetlight or water‑treatment project where debt is issued in year one and remaining budgeted dollars are rolled forward until the project completes. He noted that the amendment's backup (Exhibit B) lists 342 projects that would be rolled forward and that staff would return with more detailed backup for council review.
The schedule: Parris said the first reading of the roll‑forward amendment appears on tonight's agenda and a second reading will be on the 27th; staff will circle back if any midyear amendments are required in May. He also said staff routinely vet tier 2 operational requests with city management before forwarding recommendations to council.
Why it matters: Roll‑forward amendments preserve prior appropriations for projects that are underway but not completed, ensuring continuity for multi‑year capital work and avoiding repeated re‑appropriation through the annual budget process.
Next steps: Council can ask questions of staff about specific projects listed in exhibits; Parris offered to answer follow‑ups and to return with more granular fund‑level schedules as requested.
