Page 11 - NEXT YEAR BUDGET DETAIL REPORT

$45,000,000
$40,000,000
$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$-
FY24 FY25 FY26 FY27 FY28

Ending Balances Total General City Revenues
Total General City Expenses

While forecasting this far into the future is difficult to do and obviously includes variables that are
either difficult to quantify or unknown altogether, it is nevertheless crucial to maintaining the
City’s financial health. The property tax adjustments included in this budget proposal are integral
in prolonging the City’s projected operational capacity through the 2020’s. Please note that this
forecast is updated annually and the results are heavily considered in all budgetary discussions.

CONCLUSION

The objective in developing the Fiscal Year 2024 proposed budget was to achieve a balance
between revenues and expenditures while prioritizing operational needs with long-term
community investment strategies. We believe our efforts in past years have reflected our careful
attention to the City’s long-term prosperity, and this budget is no different. The City is committed
to ensuring that residents receive excellent value for their tax dollars, with which staff is able to
provide the programs, services, and infrastructure investment that form the foundation of the
quality of life in Colleyville. The Fiscal Year 2024 proposed budget is presented with the
commitment and confidence that it effectively funds those priorities identified by the City Council.
We look forward to working with you to achieve all the goals set forth therein.

Jerry Ducay Mark Wood Adrienne Lothery

Jerry Ducay Mark Wood Adrienne Lothery
City Manager Assistant City Manager Assistant City Manager

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