Page 25 - Colleyville FY21 Budget

Voluntary Library Fund will pay for all library material purchases and library program
costs.

Voluntary Park Fund
When voluntary contributions are made by citizens for improvements to the park
system through their monthly utility bill, those contributions are placed in the
Voluntary Park Fund. In fiscal year 2021 the Voluntary Park Fund will pay for
improvements to various parks and athletic fields. The Voluntary Park Fund will be
an important funding source to improvement projects identified in the recently
updated Parks Master Plan.

Juvenile Case Manager Fund
The Juvenile Case Manager Fund receives revenues from the collection of the juvenile
case manager fee imposed on convictions on cases adjudicated in the court. This fund
is used to account for staff, whose primary role is handling juvenile defendants in
terms of teen court dockets, all school violations including truancy, failure to attend
school and parental noncompliance violations, and mandatory classes for drug,
tobacco and alcohol defendants, as permitted by state statute.

Capital Projects Fund
This fund accounts for financial resources to be used for the acquisition or
construction of major capital projects – it is a governmental fund type. The capital
projects fund has no dedicated revenue source - any income received is from
transfers from the general fund, to set aside funding for capital projects that are often
multi-year in nature and not appropriate for an annual operating budget.

The City drafts rolling five-year capital improvement plans (CIP) every year with the
budget process. Several funds house CIP-related expenditures, but the primary ones
involved are the Capital Projects Fund and the TIF Fund. The newly adopted CIP
includes over $90 million in projects over its life, and it will be updated each year.
With the City’s emphasis on being debt-free, all projects are cash-funded.

Capital Equipment Replacement Fund
The capital equipment replacement fund is an internal service fund to account for
funding for, and acquisition of, the City's vehicles, maintenance equipment, and
computer equipment. It is a governmental fund type and has no revenue source other
than transfers from other funds. The fund typically receives annual transfers and
serves as a savings account for vehicle and equipment replacement purchases.

Colleyville Tomorrow Fund
The Colleyville Tomorrow Fund is a capital projects fund used to account for proceeds
received on gas leases on city-owned property to be used for capital purchases.
Funds may be allocated at the discretion of the City Council.

Parks Tomorrow Fund
The Parks Tomorrow Fund is a capital projects fund used to account for proceeds
received on gas leases on city-owned parks property for parks capital projects.

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