Page 24 - Colleyville FY21 Budget

budget is $2,298,574. The budget provides funding for compensation for 12 police
officers, 2 part-time public safety officers, 1 part-time accreditation coordinator,
vehicle replacements, various minor capital items, specialized training, weapons
replacement, and CALEA accreditations, with total expenditures of $2,135,394 for
fiscal year 2021.

Colleyville Economic Development Corporation (CEDC)
Authority for the corporation is provided by state statute as a 4B corporation. The
0.5 percent sales and use tax approved by the voters in August 1996 has been an
important resource in our Capital Improvement Program for community-related
facilities. This fund accounts for the use of bond proceeds and sales tax revenues for
municipal park improvements, the purchase of land and equipment for additional
parks, and for the construction of a community center and library. Consistent with
state law, some funds may be allocated by the board of directors for promotional
efforts for special events and marketing.

Expected revenue from the special purpose sales tax and related interest income for
the fiscal year 2021 is $2,052,391. The CEDC Board meets in August to approve the
budget. Funding provided by this special sales tax has been allocated to community-
enhancement initiatives consistent with the authorization of the corporation.
Additionally, the City plans to call the outstanding $4.775 million in bonds by the end
of calendar year 2020, making the CEDC debt-free.

Court Technology Fund
This fund accounts for all activities, in accordance with state statutes, related to the
collection and use of the Municipal Court technology fee imposed on convictions on
cases adjudicated in the Court – it is a governmental fund type. Available funds are
spent on technology repairs, replacements, and upgrades for the court.

Court Security Fund
The Court Security Fund accounts for all activities, in accordance with state statutes,
related to the collection and use of the Municipal Court building security fee imposed
on convictions on cases adjudicated in the Court – it is a governmental fund type.
Available funds are spent on security-related expenses for the court, which includes
funding for bailiff services at various trial settings.

Strategic Initiatives Fund
Resources available in the Strategic Initiatives Fund are to be used with the City
Council’s authorization for programs and projects linked directly to the City’s strategic
plan. This governmental fund does not have a dedicated revenue source; any income
received is from transfers in from other funds. Funds may be allocated at the
discretion of the City Council.

Voluntary Library Fund
When voluntary contributions are made to the Library by citizens through their
monthly utility bill, those contributions are placed in the Voluntary Library Fund.
Contributions are used primarily to support library activities. In fiscal year 2021 the

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