Page 15 - CityofColleyvilleFY23AdoptedBudget

levels as well as the health insurance deductible reimbursement program are able to be absorbed without needing
any additional property tax revenue. Helping this effort is Colleyville’s 2023 health insurance re-rate, which showed no
increases in insurance costs.

Expands public safety ser vices

Public safety continues to be one of the community’s highest priorities and this budget expands funding for the high
level of services Colleyville citizens expect. The scal year 2023 budget includes funding for 44 sworn police of cers, 13
of whom are funded out of the Colleyville Crime Control and Prevention District (CCCPD) budget (funded by a ½ cent
sales tax). Additionally, the City has agreed to create 6 new School Resource Of cer positions to help ensure the safety
of Grapevine-Colleyville ISD students and facilities. When possible, the City will continue to move of cers from the
General Fund into the CCCPD fund. The City’s strategy is to fund police of cers and services from CCCPD as opposed
to capital items to connect the sales tax approved by the voters to direct public safety. This strategy has the added
bene t of reducing reliance on property tax.

Makes long-term plans for adjusting the Utility Capital Improvement Plan rate in order to fund 5-year CIP

In 2017, the City Council voted to create a new component of the City’s utility rates dedicated solely to funding capital
projects. The rate is tiered based on meter size and as of FY22 yields approximately $780,000 in revenue each year. In
past years, the City had built up a substantial cash balance in the Utility Fund, and these ample reserves have been
used to pay for the majority of the projects. Because this excess balance is projected to run out in the coming years,
Council has begun adjusting the CIP rate incrementally to provide for adequate capital project funding. This rate was
increased to $5.83 per month for the smallest meter sizes in FY22, and no adjustment is necessary for FY23.

Includes investment in and replacement of the City ’s infrastructure

Year 1 ( scal year 2023) of the City’s 5-Year Capital Improvement Plan (CIP) includes over $27 million in projects to
replace aging infrastructure, both above and below ground. These projects include street rehabilitation and
reconstruction, water line replacements, park improvements including a new restroom facility and security
enhancements, and reinvestment in City facilities such as City Hall, the Colleyville Library, Central Fire Station, and the
Justice Center. The CIP also includes funding for drainage improvements and sidewalks/trails. Ensuring that these
community assets are well maintained is and will continue to be a high priority. These projects are all fully-funded with
cash that is currently available or with revenues projected to be received during this time period. While the City is
planning to issue new debt for the purchase and renovation of property for a new recreation center, the City does not
plan to heavily rely on debt nancing for the future.

Fur thers beauti{cation effor ts throughout the community

The scal year 2023 budget also provides funding to further beauti cation efforts throughout the community. This
includes improvements to pedestrian crosswalks and roundabouts, as well as landscaping and street lighting. Funding
is also included to complete the installation of towers at the City’s northern gateway along the SH26 corridor. The City
recognizes that this corridor is truly Colleyville’s main street, and the look and feel should be re ective of the
exceptional quality found throughout Colleyville.

The objective in developing the scal year 2023 budget was to achieve a balance between revenues and expenditures,
and prioritize operational needs with long-term community investment strategies. As mentioned previously, efforts are
made to identify other funding sources before committing general fund dollars to a project or cost, limiting the
reliance on the primarily property tax supported general fund. The general fund accounts for the resources and
expenditures related to the generally recognized governmental services and/or functions provided by various City
departments – it is a governmental fund type.

Revenues
General Fund revenues in the adopted budget total $25,297,424. Major revenue considerations include:
A tax rate decrease from $0.291778 to $0.265618 per $100 of valuation

City of Colleyville | Budget Book 2023 Page 15