Page 57 - CityofColleyvilleFY25AdoptedBudget

Commentary on Available Funds
The General Fund began FY 2024 with $7.9 million in available funds and is projected to end the scal year with a balance
of $8.3 million. For FY 2025, we estimate ending with $7.4 million. Although we are projecting an operating surplus for
both years, the available funds balance is expected to decrease in FY 2025 due to planned transfers. Despite this
reduction, the City will maintain suf cient reserves above the target of three months of operating expenditures.

In FY 2024, the City is transferring $2.5 million from the General Fund to the Capital Projects Fund, following our pay-as-
you-go philosophy to cash-fund general capital projects instead of relying on debt issuance. For FY 2025, the capital
transfer will be reduced to $1.5 million. Additionally, transfers of $514k in FY 2024 and $617k in FY 2025 are allocated to the
Capital Equipment Replacement Fund to cover the replacement costs of city vehicles, equipment, and IT systems. Lastly,
we are transferring $160k in FY 2024 and $552k in FY 2025 to the Debt Service Fund to help offset debt service expenses
related to the new recreation center bonds and re truck lease, maintaining stability in the property tax rate.

The City is seeing sales tax revenue leveling off after several years of growth, and property tax increases are limited by
state law. Despite these challenges, the General Fund remains strong. The projected available fund balance at the end of
FY 2025 will ensure the City has suf cient reserves to meet future needs and fund any one-time expenses.

Summary
The City of Colleyville is projecting $29.66M of revenue in FY2025, which represents a 3.9% increase over the prior year.
Budgeted expenditures are projected to increase by 12.0% or $3.26M to $30.53M in FY2025.

$ 40M

$30M

$20M
Ac tual Revenue Source
Budgeted Revenue Source
Ac tual Expenditures
$10M
Budgeted Expenditures
$0
FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 202 4 FY 2025

City of Colleyville | Budget Book 2025 Page 57