Page 49 - CityofColleyvilleFY23AdoptedBudget

levels on an historical and future projection basis. The Chief Financial Of cer shall present the ndings to
the City Council as a part of the budget review process for the ensuing scal year.
General and Utility Fund Balance Policy

. Any anticipated balance in excess of the three months of Unassigned Fund Balance in the General and
Utility Funds may be budgeted to reduce the ensuing year’s property tax levy and/or utility rates or may be
allocated by the City Council during the course of the scal year for special projects.

. This policy will be reviewed by the Audit Committee every three years following adoption or sooner, at the
direction of the City Council.

City of Colleyville | Budget Book 2023 Page 49