Page 61 - City of Colleyville FY22 Adopted Budget

CRIME CONTROL AND PREVENTION DISTRICT FUND SUMMARY

ACTUAL PROJECTED BUDGETED
FY 2020 FY 2021 FY 2022
TOTAL BEG. WORKING CAPITAL 1,298,863 1,669,895 1,979,200
FUND REVENUES
Sales Tax 1,951,705 2,050,000 2,000,000
Sale of Surplus Property 129,456 0 0
Miscellaneous 8,686 0 0
Interest Income 6,044 500 1,200
TOTAL OPERATING REVENUES 2,095,891 2,050,500 2,001,200
FUND EXPENSES
Police Administration 511,292 533,601 760,940
Police Patrol 1,203,567 1,197,594 1,446,129
Transfer to Capital 10,000 10,000 10,000
TOTAL OPERATING EXPENSES 1,724,859 1,741,195 2,217,069
NET REVENUE 371,032 309,305 -215,869
ENDING WORKING CAPITAL 1,669,895 1,979,200 1,763,331
Days of Working Capital 353 415 290

*The fund is planning a nonrecurring use of fund balance in the amount of $250,000 in FY22.
COMMUNITY ECONOMIC DEVELOPMENT FUND SUMMARY

ACTUAL PROJECTED BUDGETED
FY 2020 FY 2021 FY 2022
TOTAL BEG. WORKING CAPITAL 4,150,120 4,479,889 5,799,376

FUND REVENUES
Sales Tax 2,096,882 2,237,106 2,150,000
Grant Proceeds 0 0 225,000
Insurance Proceeds 0 70,000 0
Transfer from TIF* 0 5,518,968 0
Interest Income 36,446 12,000 10,000
TOTAL OPERATING REVENUES 2,133,328 7,838,074 2,385,000
FUND EXPENSES
City Administration 2,000 2,000 2,000
Library 338,817 363,569 470,618
Parks and Recreation 460,523 669,054 1,331,202
Communications 146,515 223,711 260,000
Colleyville Center 251,560 142,087 223,808
Public Works 0 300,000 300,000
Interfund Loan* 0 0 5,000,000
Debt Service 604,144 4,818,166 0
TOTAL OPERATING EXPENSES 1,803,560 6,518,587 7,587,628
NET REVENUE 329,769 1,319,487 -5,202,628

ENDING WORKING CAPITAL 4,479,889 5,799,376 596,748

Days of Working Capital (adjusted for Transfer) 907 325 158
*The CEDC Fund had previously issued debt to pay for projects that were ultimately within the
City's tax increment financing district (TIF), which is a section along the commercial corridor whos
tax revenue is designated to be used within that corridor. Because of this, the TIF was able to
reimburse the CEDC Fund for those expenses, and the CEDC subsequently paid off its remaining
bonds. This fund will potentially loan back a portion of the reimbursement to the TIF to assist
with capital improvement cash-flow for the next few years. The ultimate result of this action was
to save approximately $645,000 in outstanding interest on the bonds while also freeing up the
budget that was previously dedicated to annual principle and interest payments. This fund's
balance is projected to decrease substantially as a result of the interfund loan as well as non-
recurring capital projects expenses. 59