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Finance

The Finance Depar tment provides essential {nancial administration, accounting, and purchasing ser vices for the City,
housed within the General Fund. Core responsibilities include {nancial repor ting, payroll processing, debt management ,
treasury management , general ledger maintenance, coordination of external audits, accounts payable, employee expense
repor t processing, and the preparation of monthly repor ts for the City Council. Additionally, the depar tment is responsible
for developing policies and procedures, maintaining and preparing the Annual Comprehensive Financial Repor t , and
overseeing the preparation of the annual budget .

The Finance Depar tment also manages the Utility Billing Division, which is responsible for the billing and collection of all
utility bills in the City. This includes setting up new accounts, processing payments, and coordinating with the Utilities
Depar tment by sending work orders for meter ser vices.

Aligned with the City's strategic goal to demonstrate stewardship of public resources and deliver responsive, ef{cient
ser vices, the Finance Depar tment is committed to enhancing transparency. The depar tment continually seeks to improve
access to {nancial information for both employees and citizens, suppor ting Colleyville’s vision, mission, and values.

Historical Expenditures and Proposed Budget
$1,500K

$1, 250K

$1,000K

$750K

$500K

$250K

0
FY2021 FY2022 FY2023 FY2024 FY2025 FY2026

Expenditures Actual Expenditures Budgeted

In FY2026 , the Finance Depar tment's budgeted expenses increased to $1.4 million, representing a 6 .02 % rise compared to
the $1. 3 million budgeted in FY2025. The majority of the increase is due to salaries and bene{ts, but also an increase in the
contract with Tarrant County Appraisal District as a propor tional offset for their new software.

FY 2025-2026 Annual Budget | Colleyville Page 116