Page 61 - Colleyville FY21 Budget

Intergovernmental revenue comes from other
INTERGOVERNMENTAL REVENUE
municipalities with whom Colleyville has a
service agreement. The total FY 2021 budget of $600,000
$482,000 includes $367,000 from the City of
$500,000
Keller as payment for shared Municipal Court
service, which Colleyville administers, and $400,000
$114,500 from Grapevine-Colleyville $300,000
Independent School District to reimburse
$200,000
Colleyville for our School Resource Officers. This
revenue is expected to remain steady with our $100,000
associated program costs for the near future. $-
FY FY FY FY FY FY FY FY FY
2013 2014 2015 2016 2017 2018 2019 2020 2021

MISCELLANEOUS REVENUE
Miscellaneous revenue includes any revenue
$1,200,000
items that do not fit into another category, such
$1,000,000
as grant proceeds, sale of property, credit card
$800,000
revenue, and earned interest. Until FY 2020,
earned interest was the highest earner in this $600,000
category. However, our recent recession has $400,000
turned this around, and staff is currently $200,000
budgeting $50,000 of interest income as opposed $-
FY FY FY FY FY FY FY FY FY
to the $200,000 received in FY 2020.
2013 2014 2015 2016 2017 2018 2019 2020 2021

Previously, the City adhered to a common practice
whereby the Utility Fund had been charged a TRANSFERS IN
franchise fee of 4% as well as an operating transfer $1,200,000
of another 4%. This practice was discontinued by
$1,000,000
the City Council in conjunction with lower water
rates in August of 2016, resulting in no revenue $800,000
here in FY 2017. The transfers in subsequent years $600,000
as well as FY 2021 include reimbursement of
$400,000
eligible personnel costs from the TIF and Utility
Fund to the General Fund. This practice is expected $200,000
to continue indefinitely as long as General and TIF
$-
Fund personnel work on Utility Fund related FY FY FY FY FY FY FY FY FY
operations. 2013 2014 2015 2016 2017 2018 2019 2020 2021

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