Page 291 - NEXT YEAR BUDGET DETAIL REPORT

OTHER SPECIAL REVENUE FUNDS

The Colleyville Economic Development Corporation and the Colleyville Crime Control
and Prevention District are both funded through additional half-cent sales tax levies
and are a large part of the City’s annual budget discussions. However, they both
report to separate Boards of Directors for budgetary approval before final
consideration from the City Council, and as such their respective budget processes
are slightly different than the rest of the City funds.

COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION

Authority for the corporation is provided by state statute as a 4B corporation. The
0.5 percent sales and use tax approved by the voters in August 1996 has been an
important resource in our Capital Improvement Program for community-related
facilities. This fund accounts for the use sales tax revenues for municipal park
improvements, the purchase of land and equipment for additional parks, and for the
construction of a community center and library. Consistent with state law, some funds
may be allocated by the board of directors for promotional efforts for special events
and marketing.

Expected revenue from the special purpose sales tax and related interest income for
the fiscal year 2024 is $2,871,554. The CEDC Board meets in August to approve the
budget. Funding provided by this special sales tax has been allocated to community-
enhancement initiatives consistent with the authorization of the corporation. Total
planned expenses amount to $3,265,921 in FY24, and they include additional
operational funding for the City’s Senior Center and newly acquired Recreation Center
as well as $1.275 million in non-recurring capital costs.

CRIME CONTROL & PREVENTION DISTRICT

The primary goal of the district is to fund public safety and crime control activities
throughout the city. The district was created by voter approval in 1999 and renewed
in 2023, with oversight of funds assigned to the board of directors, composed of the
City Council. Expected revenue from the 0.5 percent special purpose sales tax and
related interest income for the CCCPD budget is $2,745,729. The budget provides
funding for compensation for 19 police officers (including 6 new School Resource
Officers), 2 part-time public safety officers, 1 part-time accreditation coordinator,
vehicle replacements, various minor capital items, specialized training, weapons
replacement, and CALEA accreditations, with total expenditures of $2,585,691 for
fiscal year 2024.

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