Page 134 - CityofColleyvilleFY23AdoptedBudget

Y
F
FY2022
2
0
2
2
F
FY2022 Amended
FY2021
0
2
Y
F
n
e
m
d
e
d
A
0
2
Y

2
2
e
a
m
N
Name F Y 2 0 2 1 F Y 2 0 2 2 A m e n d e d FY2022 2 F Y 2 0 2 2 FY2023 3 FY2022 Amended
d
Projec ted
A
u
B
u
a
Budget vs. FY2023
c
t
l
A
e
c
e
t
Ac tuals s B u d g e t Ac tuals s P r o j e c t e d Budgeted B u d g e t v s . F Y 2 0 2 3
t
g
d
Budget
u
a
l
Budgeted (%
B u d g e t e d ( %
e
n
g
a
Change) )
C
h
Expense Objects
Personnel $191,608.10 $185,022.00 $183,787.69 $183,787.69 $210,769.37 13.9%
Services
Contractual $74,025.12 $62,800.00 $62,800.00 $62,800.00 $62,800.00 0%
Services
Supplies $30.96 $30.96 $0.00 N/A
Total Expense
$265,633. 22 $247, 822 .00 $246 ,618 .65 $246 ,618 .65 $273,569. 37 10.4%
Objec ts:
Fund Balance
Projections
$600K
$500K
$ 400K
$300K
$200K
$100K
$0
FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023
Unassigned
The fund experienced a large draw down in balance in FY20 and FY21 from COVID-related travel restrictions. Staff allowed
this draw down to occur because the fund had accumulated a large balance in past years. Thankfully, the latter half of FY22
brought a resurgence in hotel tax revenue, and staff anticipates a return to normal in FY23. The balance of this fund is
anticipated to remain steady through the 5-year forecast.
Financial Summar y FY2019 FY2020 FY2021 FY2022 FY2023 % Change
— — — — —
Fund Balance
Unassigned $499,574 $399,006 $245,560 $187,191 $188,622 0.8%
Total Fund Balance: $ 499,574 $399,006 $245,560 $187,191 $188 ,622 0. 8%
City of Colleyville | Budget Book 2023 Page 134