Page 68 - City of Colleyville FY22 Adopted Budget

Intergovernmental revenue comes from other
municipalities with whom Colleyville has a service INTERGOVERNMENTAL REVENUE
agreement. The total FY 2022 budget of $477,000 $600,000
includes $362,000 from the City of Keller as
$500,000
payment for shared Municipal Court service,
which Colleyville administers, and $114,600 from $400,000
Grapevine-Colleyville Independent School District $300,000
to reimburse Colleyville for our School Resource
$200,000
Officers. This revenue is expected to remain
$100,000
steady with our associated program costs for the
near future. $-
FY FY FY FY FY FY FY FY FY
2014 2015 2016 2017 2018 2019 2020 2021 2022

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
revenue, and earned interest. Until FY 2020, $800,000
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
budgeting $25,000 of interest income as opposed $200,000
to the $200,000 received in FY 2020.
$-
FY FY FY FY FY FY FY FY FY

2014 2015 2016 2017 2018 2019 2020 2021 2022

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
as well as FY 2022 include reimbursement of $600,000
eligible personnel costs from the TIF and Utility
$400,000
Fund to the General Fund. This practice is expected
to continue indefinitely as long as General and TIF $200,000
Fund personnel work on Utility Fund related
$-
operations. FY FY FY FY FY FY FY FY FY
2014 2015 2016 2017 2018 2019 2020 2021 2022
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