Page 14 - Colleyville FY21 Budget

Colleyville Center Manager who spends approximately 60% of her time on
wedding-related activities at the City-owned Colleyville Center.

Restrictions on the CEDC fund expenses include parks and park facilities, our
library, our community center, open space improvements, and other facilities and
improvements. From this, staff determined that Colleyville Center’s Sales and
Event Specialist could be reallocated to the CEDC Fund, as well as the remaining
40% of the Colleyville Center Manager’s salary.

In total, those position reallocations move over $200,000 out of the General Fund.

Similarly, in the previous year, staff relocated the annual concrete contract for
$400,000 and the annual street markings project for $100,000 to the General
Capital Fund. By aligning with the correct funding source, we were able to free up
the General Fund to continue to provide a high level of service while continuing to
invest in our employees with merit increases and steady health insurance rates.
Importantly, these moves allowed the City to do this while adopting the no-new-
revenue tax rate.

• Adjusts General Fund revenue to account for legislative changes and
transitioning to nearing residential build-out

Fiscal year 2021 is the first year S.B. 2 which was approved by the Texas
th
Legislature during the 84 Legislative Session will come into play. The bill made
several changes to the existing Truth-in-Taxation laws for setting property tax.
Chiefly, the effective rate is now called the no-new-revenue rate, and rollback rate
is now called the voter approval rate. Additionally, cities will be permitted to only
raise their tax revenue by 3.5% net of new development revenue before holding
a mandatory vote. As discussed earlier, Colleyville is operating with a rate lower
than the no-new-revenue tax rate for fiscal year 2021. The adopted budget also
reflects Colleyville nearing residential build-out and transitioning to more of a
redevelopment and rehabilitation phase by reducing building permit and
associated development fee revenue.

• Demonstrates responsible fiscal management with corporate-like
efficiency

City staff has focused on efficiency and sustainability over the last three years,
saving over $1,000,000 in General Fund operating costs. This effort to reduce
expenditures was about more than just limiting labor costs and saving dollars. It
was an effort to bring corporate-like efficiency to the organization. Our strategy
is to only take in the revenue necessary to provide programs and services, rather
than accept the maximum possible revenue and then decide how to spend it. This
effort continues with the fiscal year 2021 proposed budget. This will be the first
full year with the new Enterprise Fleet Management contract to assist the City
staff with fleet purchasing and maintenance scheduling. This will ultimately save
the City money by timing the disposal of vehicles to maximize return, providing a
newer fleet, therefore reducing maintenance costs, and utilizing a fleet with better

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