Page 8 - CityofColleyvilleFY23AdoptedBudget

City of Colleyville FY2023 Adopted Budget Transmittal
Letter

Dear Fellow Citizens of Colleyville,

The past two years have been trying for all of us in varying degrees. From a world-wide pandemic to a devastating
winter storm and an international terror incident in our back yard, Colleyville has been through its share of stresses. Yet
through these times, the City of Colleyville has never stopped working for you. When other levels of government closed
down, Colleyville employees continued to staff our of ces. We answered phones, responded to calls for help, and
reached out to make sure we were doing everything in our power to support you. When restaurants and retail
establishments were facing state-mandated operating restrictions and potential closures, the City went into action to
support these businesses via grants and several rounds of our City-wide gift card program in an effort to put dollars
directly into the pockets of our embattled small businesses. When an unprecedented winter storm took power and
water from our residents’ homes, the City repurposed its facilities to be warming centers, staffed around the clock and
providing food, water, and shelter for anyone in need. And when an international terrorist held our neighbors at
gunpoint at Congregation Beth Israel, our police department worked with national law enforcement agencies to bring
the incident to a close while keeping our residents safe and informed. Through all of these events, our staff and elected
of cials have made a concerted effort to communicate openly with our citizens and businesses on a routine basis so
that, if nothing else, you had the information you needed to make your own decisions in this dif cult environment. It
truly has been a time like no other for us, and we’re proud to have made it through with all of you.

Perhaps one of the many lessons we can take from the past few years is that local government holds a responsibility
unlike any other. Of all of the levels of public service that you pay for, we are the rst line, closest to you, and the rst to
respond. Our programs and services fall within a few miles of your homes and businesses, and can be seen just outside
your windows. Our staff and elected of cials keep this at the front of our minds as we prepare our plans and priorities
for each upcoming scal year. With that, we are pleased to present the adopted FY 2023 Combined Annual Operating
Budget for the City of Colleyville. This budget includes program funding for rst responders, infrastructure
maintenance, utility support, parks and recreation facilities, and all supporting administrative efforts. It was developed
to not only provide for the needs of today but to meet the needs of the future as well. Our budget is balanced and
prepared in accordance with state law, the Colleyville City Charter, ordinances, and budget policies. Additionally, there
are no substantive changes between the initial proposed FY 2023 budget and the adopted FY 2023 budget.

The City provides a full range of municipal services provided through operating funds (utilizing taxes, nes, fees and
service charges, primarily), special revenue funds (utilizing sales taxes and hotel taxes), and capital project funds.
Whenever possible, the most restrictive funding source is used rst, ultimately limiting the costs borne by the primarily
property tax-supported general fund.

The combined expenditures of the City’s major operating funds are as follows:

FY 2023 General Utility Drainage Debt Hotel Tax
Adopted Fund Fund Fund Ser vice Fund
Fund
Operating $26,227,785 $19,832,854 $1,045,000 $603,660 $275,000
Revenues
Operating $25,297,424 $19,832,854 $ 721,619 $769,010 $273,569
Expenditures

One measure of a City’s nancial strength is its level of reserves. While the City Council has approved a conservative
scal policy of a 90-day reserve requirement, the City’s operating funds are projected to exceed the minimum
requirement as of September 30, 2022. Additionally, any operating surplus experienced by our operating funds at the

City of Colleyville | Budget Book 2023 Page 8