Page 14 - FY2020Colleyville

• Maintains current overall utility base rates for 1-inch residential
meters, while providing additional funding for utility Capital
Improvement Plan (CIP) projects

Water and wastewater base rates are directly related to the City’s budget for the
Utility Fund, and rates are set to only recover the City’s cost of operating the
utility system. In fiscal year 2019, the City was able to lower the water and
wastewater base rates and add the incremental difference to the CIP base rate.
For fiscal year 2020, staff once again recommends lowering the water and
wastewater base rates ($0.02 and $0.41 respectively) and adding the difference
($0.43) to the CIP base rate. This will generate approximately $50,000 in
additional revenue and will help ensure that the Utility Capital Projects Fund
continues to bring in revenue to fund future capital projects with cash on hand.

• Includes investment in and replacement of the City’s infrastructure

Year 1 (fiscal year 2020) of the City’s 5-Year Capital Improvement Plan (CIP)
includes over $38 million in projects to replace aging infrastructure, both above
and below ground. These projects include street rehabilitation and reconstruction,
water line replacements, park improvements including new restroom facilities,
and reinvestment in City facilities such as the Colleyville Center, Central Fire
Station, and Justice Center. The CIP also includes funding for drainage
improvements and sidewalks/trails. Ensuring that these community assets are
well maintained is and will continue to be a high priority. These projects are all
fully-funded with cash that is currently available or with revenues projected to be
received during this time period. No new debt is planned and the City is actively
working to pay off all outstanding debt, which should be accomplished in less than
10 years.

• Furthers beautification efforts throughout the community

The fiscal year 2020 proposed budget provides funding to further beautification
efforts throughout the community. This includes improvements to medians and
roundabouts, as well as landscaping at key intersections. Funding is also included
for design and installation of median and rights-of-way improvements along the
SH26 corridor. The City recognizes that this corridor is truly Colleyville’s main
street, and the look and feel should be reflective of the exceptional quality found
throughout Colleyville. This desired quality is above and beyond the standard
landscape, hardscape, and streetlights provided by TxDOT, which is why the City
has allocated additional funds to ensure the final product is something citizens
can be proud of.

In developing the fiscal year 2020 budget, the objective was to achieve a balance
between revenues and expenditures, and prioritize operational needs with long-term
community investment strategies. As mentioned previously, efforts are made to
identify other funding sources before committing general fund dollars to a project or
cost, limiting the reliance on the primarily property tax supported general fund. The
general fund accounts for the resources and expenditures related to the generally

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