Page 10 - CityofColleyvilleFY25AdoptedBudget

Drainage Fund 738,386 761,805 3.2%
Operating
Colleyville
Economic
Development 3,450,991 2,632,985 -23.7%
Corporation
(CEDC) Operating

Colleyville Crime
Control &
Prevention 2,575,691 3,275,045 27.2%
District (CCCPD)
Operating
Hotel Tax Fund 188,532 285,827 51.6%
Operating

Miscellaneous
Special Revenue 1,258 315,732 N/A 1
Funds Operating 1

Capital
Improvement 21,288,843 22,434,494 5.4%
Projects

Total $ 79,255,071 $ 83,014 ,050 4 .7%

1 - Note: In FY 2024 the majority of miscellaneous special revenue
funds were not budgeted for, they were budgeted for beginning
in FY 2025.

Municipal government is a service business, and the predominant expense category in the Budget is always
personnel and associated salary and bene t expenses. Personnel costs comprise 32.8%, or $27.2 million, of
the FY 25 Budget, which is a 6.6% increase due to salary and healthcare cost increases.

The largest category in the Budget is the General Fund operating budget at $27.9 million or 33.6% of the FY
25 Budget, a 6.4% increase. Debt service accounts for 1.9%, or $1.5 million. The 24.7% increase in debt service
is due to the replacement Ladder Truck purchase for the Fire Department.

Proper ty and Sales Tax
Taxable property values have increased by 8.6% for the 2024 tax year compared to 2023. The FY 25 proposed
tax rate is $0.276204 per $100 taxable value, versus the FY 24 rate of $0.260991. While an increase was
required, it was partially offset by the 7% homestead exemption, ensuring that the burden on homeowners
is minimized.

Sales tax remains a strong revenue source but has begun to level off in FY 24. The FY 25 Budget re ects a
modest sales tax increase, budgeting $5.2 million in revenue.

User Fees and Charges
In FY 25, the City will implement updated water and wastewater base rates to cover increasing operating
costs. The average residential user will see a $2.77 monthly increase, and larger meters will experience
increases between $4.79 and $20.95. Drainage utility rates will also increase by $2 for residential properties,
with a similar increase planned for FY 26.

Employee Staf{ng
Colleyville’s philosophy is to maintain lean staf ng levels. The only staf ng change for FY 25 is the conversion
of an IT support position from part-time to full-time, achieved by reducing contract labor costs elsewhere in
the budget.

City of Colleyville | Budget Book 2025 Page 10