Page 73 - CityofColleyvilleFY23AdoptedBudget

While three of the City's operating funds involve purposeful draw-downs in
balance, only one decreases by over 10%: the debt service fund. This decrease is
the result of revised state-mandated calculations for the debt service tax rate. In
short, the new tax rate calculations require cities to make adjustments for any
debt service taxes collected in excess of budget. Because Colleyville did collect a
higher amount of debt service taxes than budgeted previously, the City is
required to reduce its current year collections to account for that.

Summary

The City of Colleyville is projecting $53.02M of revenue in FY2023, which represents a 0% increase over the prior year.
Budgeted expenditures are projected to increase by 0% or $52.59M to $52.59M in FY2023.

$125M

$100M

$75M
Ac tual Revenue Source
Budgeted Revenue Source
$50M
Over Budget Revenue Source
Ac tual Expenditures
$25M
Budgeted Expenditures
Over Budget Expenditures
$0
FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023

City of Colleyville | Budget Book 2023 Page 73