Page 85 - CityofColleyvilleFY25AdoptedBudget

The Colleyville Economic Development Corporation (CEDC) Fund is classi ed as a
governmental fund and is a blended component unit of the City of Colleyville. The
primary purpose of this fund is to support and nance economic development
initiatives within the City, which includes attracting new businesses, supporting
existing businesses, and enhancing the overall economic vitality of Colleyville.

Colleyville
The CEDC Fund is considered a minor fund, as its revenues and expenditures do not
Economic
constitute more than 10% of the City’s appropriated budget. This fund is nanced
primarily through a dedicated portion of the City’s sales tax revenues, which are
Development
earmarked for economic development activities. The fund’s expenditures are
Corporation
strategically allocated to projects and initiatives that align with the City’s long-term
Fund
economic development goals, fostering a thriving business environment and
improving the quality of life for residents.

As a blended component unit, the CEDC Fund operates in close alignment with the
City’s overall nancial and strategic planning, ensuring that economic development
efforts are integrated with the City’s broader objectives.

Fund Summary

City of Colleyville | Budget Book 2025 Page 85