Page 44 - CityofColleyvilleFY25AdoptedBudget

b. Purpose: The HOT Fund is funded by hotel occupancy taxes and is
used exclusively to promote tourism and fund special events. It
supports community events and the operation of the Colleyville
Center, which serves as a meeting and event venue.

. Tax Increment Financing (TIF) Fund (Minor Fund)
a. Fund Type: Governmental Fund (Special Revenue Fund)
b. Purpose: The TIF Fund is a discretely presented component unit of the
City, used to encourage development within the TIRZ (Tax Increment
Reinvestment Zone). The fund's revenues are primarily generated from
property tax redirection based on increases in property values within
the zone. The funds are used for eligible projects such as infrastructure
improvements and economic development initiatives within the TIRZ.

. Capital Project Funds (Minor Funds)
a. Fund Type: Governmental and Proprietary Funds (Capital Project
Funds)
b. Purpose: The Capital Project Funds are used to nance large-scale
infrastructure and improvement projects. These include the General
Capital Projects Fund, Utility Capital Fund, Drainage Capital Fund, and
speci c dedicated funds like the Tomorrow Fund and Parks Tomorrow
Fund. The funds are typically cash-funded through transfers from
operating funds, grants, or dedicated capital fees, with no dedicated
revenue source for most of the funds.

. Miscellaneous Special Revenue Funds (Minor Funds)
a. Fund Type: Governmental Funds (Special Revenue Funds)
b. Purpose: These funds include the Parkland Dedication Fund, Grant
Fund, Court Tech Fund, Court Security Fund, Voluntary Park Fund,
Voluntary Library Fund, Library Building Donation Fund, Tree
Preservation Fund, and the Juvenile Case Manager Fund. Each of
these funds is restricted to speci c uses based on their funding source,
which may include donations, state-imposed fees, or other
contributions from residents or developers. They are utilized for
supplemental purchases that support the City’s operations, in line with
the intent of their original contributions.

City of Colleyville | Budget Book 2025 Page 44