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Colleyville Economic Development Corporation (CEDC)

The Colleyville Economic Development Corporation (CEDC) is classi{ed as a governmental fund and is a blended
component unit of the City of Colleyville. The primary purpose of this fund is to suppor t and {nance economic
development initiatives within the City, which includes attracting new businesses, suppor ting existing businesses, and
enhancing the overall economic vitality of Colleyville.

The CEDC is considered a minor fund, as its revenues and expenditures do not constitute more than 10% of the City ’s
appropriated budget . This fund is {nanced primarily through a dedicated por tion of the City ’s sales tax revenues, which
are earmarked for economic development activities. The fund’s expenditures are strategically allocated to projects and
initiatives that align with the City ’s long- term economic development goals, fostering a thriving business environment
and improving the quality of life for residents.

As a blended component unit , the CEDC operates in close alignment with the City ’s overall {nancial and strategic
planning, ensuring that economic development effor ts are integrated with the City ’s broader objectives.

Revenues vs Expenditures Summary

$8M

$6M

$ 4M

$2M

0
2021 2022 2023 2024 2025 2026

Revenue Actual Revenue Surplus Revenue Budgeted
Expenditures Actual Expenditures Budgeted

In the 2026 budget for the CEDC , the budgeted revenue is $2 . 83 million, which is a moderate increase of 6 . 39% from the
prior year's budgeted revenue of $2 .66 million. This increase is attributable to bringing the budgeted for earned interest
closer to historical trends. Total expenditures are budgeted at $ 4 .4 million, representing a signi{cant increase of 68 . 81%
compared to the previous year's budgeted expenditures of $2 .6 million. This rise in planned spending is due to capital
projects for improvements in parks and recreation.

FY 2025-2026 Annual Budget | Colleyville Page 68