Page 21 - CityofColleyvilleFY23AdoptedBudget

The total taxable value includes TIF zone property, which has a combined taxable value increment of $459,085,629 (TIF
Zone #1 adopted in 1998- $441,002,903 and TIF Zone #1A adopted in 2012- $18,082,726). The nal TIF value is subject to
change, as valuation is still under appeal. This represents an increase of $19,978,356 (4.5%) from the current year TIF
valuation of $439,107,273.

Colleyville Crime Control and Prevention District (CCCPD)
The primary goal of the district is to fund public safety and crime control activities throughout the city. The district was
created by voter approval in 1999, with oversight of funds assigned to the board of directors, composed of the City
Council. State law provides that a district’s life is limited to ve years, unless voters continue the district by approval of a
referendum. In September 2003, Colleyville voters approved continuation of the district for an additional 20 years, and
will be up for another vote of continuance in this scal year.

Expected revenue from the 0.5 percent special purpose sales tax, use of funds generated from prior years’ coverage
ratio, and related interest income for the CCCPD budget is $2,403,200. The budget provides funding for compensation
for 19 police of cers (including 6 new School Resource Of cers), 2 part-time public safety of cers, 1 part-time
accreditation coordinator, vehicle replacements, various minor capital items, specialized training, weapons
replacement, and CALEA accreditations, with total expenditures of $2,658,349 for scal year 2023. Staff plans for this
fund to utilize $255,149 of its ample cash balance.

Colleyville Economic Development Corporation (CEDC)
Authority for the corporation is provided by state statute as a 4B corporation. The 0.5 percent sales and use tax
approved by the voters in August 1996 has been an important resource in our Capital Improvement Program for
community-related facilities. This fund accounts for the use of bond proceeds and sales tax revenues for municipal
park improvements, the purchase of land and equipment for additional parks, and for the construction of a
community center and library. Consistent with state law, some funds may be allocated by the board of directors for
promotional efforts for special events and marketing.

Expected revenue from the special purpose sales tax and related interest income for the scal year 2023 is $2,635,000.
The CEDC Board meets in August to approve the budget. Funding provided by this special sales tax has been allocated
to community-enhancement initiatives consistent with the authorization of the corporation. Total planned expenses
amount to $2,750,951 in FY23, and they include $1.19 million in non-recurring capital costs.

Court Technology Fund
This fund accounts for all activities, in accordance with state statutes, related to the collection and use of the Municipal
Court technology fee imposed on convictions on cases adjudicated in the Court – it is a governmental fund type.
Available funds are spent on technology repairs, replacements, and upgrades for the court.

Court Security Fund
The Court Security Fund accounts for all activities, in accordance with state statutes, related to the collection and use
of the Municipal Court building security fee imposed on convictions on cases adjudicated in the Court – it is a
governmental fund type. Available funds are spent on security-related expenses for the court, which includes funding
for bailiff services at various trial settings.

Strategic Initiatives Fund
Resources available in the Strategic Initiatives Fund are to be used with the City Council’s authorization for programs
and projects linked directly to the City’s strategic plan. This governmental fund does not have a dedicated revenue
source; any income received is from transfers in from other funds. Funds may be allocated at the discretion of the City
Council.

City of Colleyville | Budget Book 2023 Page 21