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FUND SUMMARIES
The City of Colleyville utilizes several different funds to manage its {nancial resources. Each fund has a distinct purpose
and is categorized as either a major or minor fund, based on whether its revenues or expenditures exceed 10% of the City's
appropriated budget . The funds are grouped and described below by type, with major funds listed {rst .
. General Fund (Major Fund)
a. Fund Type: Governmental Fund (General Fund)
b. Purpose: The General Fund is the primary operating fund of the City of Colleyville, covering the main general
city ser vices. It suppor ts functions such as public safety, community development , and general administration.
The General Fund provides essential ser vices to the community, funded primarily through proper ty taxes, sales
taxes, and franchise fees.
. Utility Fund (Major Fund)
a. Fund Type: Proprietary Fund (Enterprise Fund)
b. Purpose: The Utility Fund accounts for all activities related to providing water and wastewater ser vices to
Colleyville residents. The fund operates on a self-sustaining basis, meaning it generates its own revenues
primarily through ser vice charges. It includes both an operating component , to cover day- to - day utility ser vices,
and a capital component for infrastructure projects.
. Debt Ser vice Fund (Minor Fund)
a. Fund Type: Governmental Fund (Debt Ser vice Fund)
b. Purpose: The Debt Ser vice Fund is used to manage the repayment of the City's general obligation debt . It is
funded primarily by proper ty taxes collected for the purpose of ser vicing existing debt obligations. As a minor
fund, it does not constitute a signi{cant por tion of the overall budget .
. Drainage Fund (Minor Fund)
a. Fund Type: Proprietary Fund (Enterprise Fund)
b. Purpose: The Drainage Fund is used to manage stormwater (drainage) projects. It includes both operating and
capital components, with funding generated through a dedicated drainage fee billed to residents. Excess
revenues are transferred into capital projects to suppor t infrastructure improvements.
. Colleyville Economic Development Corporation (CEDC) Fund (Minor Fund)
a. Fund Type: Governmental Fund (Special Revenue Fund)
b. Purpose: The CEDC Fund, funded by a 0.5% sales tax, is used for economic development activities and quality-
of-life improvements. These include park projects, library enhancements, and other community developments
to bene{t the citizens of Colleyville.
. Colleyville Crime Control and Prevention Distric t (CCCPD) Fund (Minor Fund)
a. Fund Type: Governmental Fund (Special Revenue Fund)
b. Purpose: The CCCPD Fund is dedicated to suppor ting law enforcement ser vices in Colleyville, funded by a 0.5%
sales tax. It suppor ts both operating costs and capital improvements for the police depar tment .
. Hotel Tax (HOT) Fund (Minor Fund)
a. Fund Type: Governmental Fund (Special Revenue Fund)
b. Purpose: The HOT Fund is funded by hotel occupancy taxes and is used exclusively to promote tourism and
fund special events. It suppor ts community events and the operation of the Colleyville Center, which ser ves 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 proper ty
tax redirection based on increases in proper ty values within the zone. The funds are used for eligible projects
such as infrastructure improvements and economic development initiatives within the TIRZ .
. Miscellaneous Special Revenue Funds (Minor Funds)
a. Fund Type: Governmental Funds (Special Revenue Funds)
FY 2025-2026 Annual Budget | Colleyville Page 45
