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Debt Ser vice Fund

The Debt Ser vice Fund is classi{ed as a governmental fund, speci{cally dedicated to managing the {nancial resources
used to pay the City of Colleyville’s debt obligations. The primary purpose of this fund is to collect and allocate proper ty tax
revenues for the repayment of principal and interest on the City ’s outstanding bonds and other long- term debt .

The Debt Ser vice Fund is considered a minor fund, as its revenues and expenditures do not constitute more than 10% of
the City ’s appropriated budget . Although it is a smaller component of the overall budget , this fund plays a crucial role in
ensuring that the City meets its debt obligations in a timely and ef{cient manner, thereby maintaining the City ’s
creditwor thiness and {nancial stability. The revenues collected in this fund are speci{cally earmarked for debt ser vice and
are restricted to that purpose, ensuring the City ’s debt is managed and reduced according to schedule.

This fund is essential for suppor ting the City ’s {nancial health and upholding its commitment to responsible {scal
management .

Debt Ser vice Fund Summar y
FY 2025
Adopted
FY 2025 FY 2026 Budget vs.
FY 2024 FY 2025
Category Adopted Proposed FY 2026
Ac tuals Projec ted
Budget Budget Proposed
Budget (%
Change)
$443,066 $414,233 $414,233 $349,106 -15.72%
Beginning Fund Balance
Revenues
$656,702 $915,283 $918,261 $929,535 1.56%
Ad Valorem Taxes
$560,000 $552,000 $552,000 $769,110 39.33%
Charges for Ser vices
- $10,000 $4,757 $4,000 -60.00%
Miscellaneous Revenue
$1,216,702 $1,477,283 $1,475,018 $1,702,645 15.26%
Total Revenues
Expenditures
$1,245,535 $1,540,894 $1,540,145 $1,693,245 9.89%
Debt Ser vice
Total Expenditures $1,245,535 $1,540,894 $1,540,145 $1,693,245 9.89%
Total Revenues Less Expenditures -$28,833 -$63,611 -$65,127 $9,400 -114.78%
$414,233 $350,622 $349,106 $358,506 2.25%
Ending Fund Balance
For more details on debt ser vice expenditures, please see the Debt Ser vices section later in this repor t .

FY 2025-2026 Annual Budget | Colleyville Page 63