Page 20 - City of Colleyville FY22 Adopted Budget

Expenditure

IT & Equipment
Replacement
6%

Strategic
Economic &
Services
17% Community
Development
5%

Leisure Services
10%
Public Safety
47%

Public Works
15%

UTILITY FUND

The Utility Fund is a proprietary fund structured and operated as a stand-alone
business or enterprise. It accounts for all the activities required for the provision of
water and sanitary sewer to residents of the city. In fiscal year 2017, the Utility Fund
was split into two funds- the Utility Fund and Utility Capital Projects Fund, although
these funds are rolled together for financial reporting purposes in the Certified Annual
Financial Report (annual audit). The Utility Fund functions as the operating fund. The
Utility Capital Projects Fund is where revenues and expenditures for utility capital
projects are accounted for. This includes water and wastewater impact fees, revenue
from the CIP base rate, and year-end operating surpluses transferred over from the
Utility (operating) Fund. Creation of the Utility Capital Projects Fund has allowed for
easier tracking, communication, and forecasting. The following sections specifically
discuss revenues and expenditures for the Utility Fund.

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