Page 86 - CityofColleyvilleFY25AdoptedBudget

Commentary on Available Funds
The CEDC Fund began FY 2024 with an available balance of $7.5 million and is projected to end FY 2024 with $6.9 million.
By the end of FY 2025, the available balance is expected to decrease further to $6.2 million. The decrease in available
funds is primarily driven by the fund’s operating and capital expenditures over the two scal years.

The primary source of revenue for the CEDC Fund is the 0.50% sales tax. For FY 2024 and FY 2025, we are projecting at
sales tax receipts, in line with recent trends where sales tax growth has leveled off. This fund covers both operating and
capital expenses, including personnel and supplies related to quality of life services such as parks, the library, and the
Colleyville Center. Planned capital expenditures are minimal, with $625k budgeted for FY 2024 and $735k for FY 2025,
primarily to offset expenses in the City’s regular capital project funds.

The City generally maintains a 90-day operating reserve as a minimum for this fund. However, because this is a combined
operating and capital fund, the City prefers to keep a larger available balance to provide exibility in cash-funding larger
projects as needed. In line with the City’s philosophy, we aim to fund as much eligible operating expense from this fund
as possible. This helps free up General Fund resources for other needs and minimizes the burden on property taxes.

While sales tax revenue has stabilized, the City remains focused on accumulating reserves in the CEDC Fund for future
one-time expenditures and capital projects, with no transfers planned to other funds at this time.

Summary

The City of Colleyville is projecting $2.66M of revenue in FY2025, which represents a 7.4% decrease over the prior year.
Budgeted expenditures are projected to decrease by 23.7% or $818.01K to $2.63M in FY2025.

$8M

$6M

$ 4M
Ac tual Revenue Source
Budgeted Revenue Source
Ac tual Expenditures
$2M
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 86