Page 64 - CityofColleyvilleFY23AdoptedBudget

The City also takes advantage of an extra half-cent sales tax dedicated to police funding. This revenue and corresponding
expenditures are located in the Crime Control and Prevention District Fund. The City currently funds also moved one
additional police of cer position from the General Fund into the Colleyville Crime Control and Prevention District Fund
(CCCPD), which exists solely to pay for police department operations. In past years, 16 positions have been funded out of
the CCCPD, 13 of which are sworn of cers. For FY23, staff allocated an additional 6 new School Resource Of cer positions
in this fund.

This strategy plays an important part in keeping the City’s tax rate low, and it will continue to be a focus in future years.

Adjusts General Fund revenue to account for legislative changes and transitioning to nearing residential build-out
Fiscal year 2023 will be the third year operating under the property tax calculation changes from Senate Bill 2, which was
th
approved by the Texas Legislature during the 84 Legislative Session. Among the modi cations made, the effective rate
is now called the no-new-revenue rate, and rollback rate is now called the voter approval rate. Additionally, cities will be
permitted to only raise their tax revenue by 3.5% net of new development revenue before holding a mandatory vote. As
discussed earlier, Colleyville is operating with its calculated no-new-revenue tax rate for scal year 2023. The adopted
budget also re ects Colleyville nearing residential build-out and transitioning to more of a redevelopment and
rehabilitation phase by reducing building permit and associated development fee revenue.

As stated above, the City's low tax rate priority means any increase in property tax revenue must be derived from taxation
on newly developed property. Although Colleyville is close to build-out, the City did earn $62 million in new taxable
property in the current year, most of which is located outside of the Tax Increment Financing District. A graphical
representation of the increases in General Fund tax revenue that can be attributed to a rate increase vs. an increase on
developed property is below:

Demonstrates responsible {scal management with corporate-like ef{ciency
City staff has focused on ef ciency and sustainability over the last several years, saving well over $1,000,000 in General
Fund operating costs. This effort to reduce expenditures was about more than just limiting labor costs and saving dollars.
It was an effort to bring corporate-like ef ciency to the organization. Our strategy is to only take in the revenue necessary
to provide programs and services, rather than accept the maximum possible revenue and then decide how to spend it.
This effort continues with the adopted scal year 2023 budget. This will be the third full year with the new Enterprise
Fleet Management contract to assist the City staff with eet purchasing and maintenance scheduling, which ultimately
saves the City money by timing the disposal of vehicles to maximize return, providing a newer eet, therefore reducing
maintenance costs, and utilizing a eet with better gas mileage. A consistently refreshed eet will also provide enhanced
safety features for employees who drive the vehicles. The retirement of the eet service manager in the summer of 2019
provided an opportunity to evaluate how the City conducts its eet purchasing and maintenance operations. Rather than
ll the position, the City has shifted the management oversight to the current eld operations supervisor.

The City absorbs costs whenever possible, reallocating dollars to where the need exists rather than being content with
the status quo on resource prioritization. This effort pays dividends when attempting to hold service levels steady amidst
a global pandemic and subsequent economic recession. Personnel cost increases and maintaining service levels as well

City of Colleyville | Budget Book 2023 Page 64