Page 8 - FY2020Colleyville

FY 2020 Budget Message

We are pleased to present the adopted FY 2020 Combined Annual Operating Budget
for the City of Colleyville. The budget is balanced and prepared in accordance with
state law, the Colleyville City Charter, ordinances, and budget policies.

The City provides a full range of municipal services utilizing operating funds, special
revenue funds, and capital project funds to provide those services. Whenever
possible, the most restrictive funding source is used first, ultimately limiting the costs
borne by the primarily property tax-supported general fund.

The combined expenditures of the City’s major operating funds are as follows:

FY 2020 General Utility Drainage Debt
Proposed Fund Fund Fund Service
Fund

Operating Revenues $24,589,177 $17,555,789 $978,509 $1,406,398

Operating Expenditures $24,182,805 $17,555,789 $795,844 $1,406,398

One measure of a City’s financial strength is its level of reserves. While the City
Council has approved a conservative fiscal policy of a 90-day reserve requirement,
the City’s operating funds are projected to exceed the minimum requirement as of
September 30, 2019.

Fund Type Number of Ending Balance Capital Transfer -
Days FY19 Year End
General 137 $ 9,100,000 $2,408,079
Utility 94 $4,500,000 $1,467,263
Drainage 366 $812,200
Debt Service 165 $839,586

These reserves earn interest, bolster cash flow, and are available for unanticipated
expenditures or emergencies. As a non-recurring revenue source, beginning fund
balances are used to fund capital or other one-time expenses only. The City Council
has provided direction to maintain at least a 100-day operating reserve in the General
Fund and Utility Fund, with any excess reserves or operating surpluses transferred to
the Capital Projects Fund and Utility Capital Projects Fund, respectively, to be used

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