Page 51 - ClearGov | Documents

General Fund Summar y
FY 2025
Adopted
Budget
FY 2025 FY 2026
FY 2024 FY 2025 vs. FY
Category Adopted Proposed
Actuals Projected 2026
Budget Budget
Proposed
Budget (%
Change)
$7,849,380 $7,726,148 $7,726,148 $8,229,043 6.51%
Beginning Fund Balance
Revenues
$17,205,648 $18,098,973 $18,140,636 $18,980,816 4.87%
Ad Valorem Taxes
$2,303,495 $2,222,250 $2,260,209 $2,222,250 0.00%
Franchise Tax
$5,499,714 $5,340,000 $5,600,423 $5,444,000 1.95%
Sales Tax /Mixed Beverage Tax
$732,577 $737,000 $993,604 $745,400 1.14%
Licenses & Permits
$1,722,802 $1,599,777 $1,535,120 $1,631,015 1.95%
Charges for Ser vices
$665,947 $580,820 $641,742 $580,820 0.00%
Fines & Forfeitures
Miscellaneous Revenue $2,100,165 $1,076,550 $1,926,783 $1,681,550 56.20%
Total Revenues $30,230,348 $29,655,370 $31,098,517 $31,285,851 5.50%
Expenditures

Personnel Ser vices $18,054,410 $19,707,112 $19,407,319 $21,301,281 8.09%
Contractual Ser vices $6,708,372 $7,214,576 $7,592,776 $7,630,814 5.77%
Supplies $896,175 $936,697 $888,640 $950,299 1.45%
Capital Outlay $31,071 $37,890 $37,887 - -100.00%
$4,663,552 $2,669,000 $2,669,000 $1,386,110 -48.07%
Transfer to Other Funds
$30,353,580 $30,565,275 $30,595,622 $31,268,504 2.30%
Total Expenditures
-$123,232 -$909,905 $502,895 $17,347 -101.91%
Total Revenues Less Expenditures
$7,726,148 $6,816,243 $8,229,043 $8,246,390 20.98%
Ending Fund Balance
The General Fund began FY 2025 with $7.7 million in available funds and is projected to end the {scal year with a balance
of $8 . 23 million. For FY 2026 , we estimate ending at $8 . 25 million. Although we are projecting an operating surplus for
both years, the available funds balance is expected to increase slightly in FY 2026 due to conser vative estimates that will
allow the City to maintain suf{cient reser ves above the target of three months of operating expenditures.

In FY 2025, the City is transferring $1.1 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. Additionally, transfers of $617k in
FY2025 and FY 2026 are allocated to the Capital Equipment Replacement Fund to cover the replacement costs of city
vehicles, equipment , and IT systems. Lastly, we are transferring $552k in FY 2025 and $769k in FY 2026 to the Debt Ser vice
Fund to help offset debt ser vice expenses related to the new recreation center bonds and {re truck lease, maintaining
stability in the proper ty tax rate.

The City is seeing sales tax revenue leveling off after several years of growth, and proper ty 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
2026 will ensure the City has suf{cient reser ves to meet future needs and fund any one - time expenses.

FY 2025-2026 Annual Budget | Colleyville Page 51