Page 9 - CityofColleyvilleFY23AdoptedBudget

end of the scal year will be moved to one of our capital funds to assist in cash-funding our 5-year capital
improvement plan.

Fund Type Number of Balance as of
Days 9/30/22
General 114 $ 7,735,498

Utility 119 $7,827,583
Drainage 259 $ 718,287
Debt Service 165 $ 872,399
Hotel Tax 323 $ 187,191

These reserves earn interest, bolster cash ow, and are available for unanticipated expenditures or emergencies. As a
non-recurring revenue source, beginning fund balances are used to fund capital or other one-time expenses only. The
City Council has provided direction to maintain at least a 100-day operating reserve in the General Fund and Utility
Fund, with any excess reserves or operating surpluses transferred to the Capital Projects Fund and Utility Capital
Projects Fund, respectively, to be used for capital projects. The Drainage Fund and Debt Service Fund carry higher
reserve levels, with those reserves occasionally drawn upon to cash fund a drainage capital project or down payment
on the lease-purchase of vehicles and major apparatus.

BUDGET STRATEGY & DEVELOPMENT

Strategy in Action

In January 2017, the City Council held a Visioning Workshop and created a new Strategic Plan, with support from an
outside facilitator and senior staff. The Strategic Plan included an updated Vision, Mission, and Values. The Strategic
Plan also articulated six overall goals and several strategies to achieve each, as shown below in the version that was
updated in June 2018. For each strategy identi ed, one or more objectives were assigned.

City of Colleyville | Budget Book 2023 Page 9