Page 369 - CityofColleyvilleFY25AdoptedBudget

Fund Summary
The Debt Service Fund is classi ed as a governmental fund, speci cally dedicated to managing the nancial
resources used to pay the City of Colleyville’s debt obligations. The primary purpose of this fund is to collect and
allocate property tax revenues for the repayment of principal and interest on the City’s outstanding bonds and
other long-term debt.

The Debt Service Fund is considered a minor fund, as its revenues and expenditures do not constitute more
than 10% of the City’s appropriated budget. Although it is a smaller component of the overall budget, this fund
plays a crucial role in ensuring that the City meets its debt obligations in a timely and ef cient manner, thereby
maintaining the City’s creditworthiness and nancial stability. The revenues collected in this fund are
speci cally earmarked for debt service and are restricted to that purpose, ensuring the City’s debt is managed
and reduced according to schedule.

This fund is essential for supporting the City’s nancial health and upholding its commitment to responsible
scal management.

City of Colleyville | Budget Book 2025 Page 369