Page 78 - ClearGov | Documents

revenue source and the absence of new hotel development , the City does not anticipate any signi{cant changes in hotel
tax revenue for the upcoming {scal year.

While Colleyville's local economy remains stable, the potential for growth in hotel tax revenue is limited due to the small
size of the hotel sector in the city. As a result , revenue estimates have been conser vatively projected for FY 2026 .

Expenditures by Depar tment
FY 2025
Adopted
FY 2025 FY 2026
FY 2024 FY 2025 Budget vs. FY
Category Adopted Proposed
Actuals Projected 2026 Proposed
Budget Budget
Budget (%
Change)
Collevyille Center
Personnel Ser vices $94,173 $97,251 $105,533 $107,818 10.87%
Contractual Ser vices $419 $15,800 - $5,000 -68.35%
Total Collevyille Center $94,592 $113,051 $105,533 $112,818 -0.21%
Communications
Personnel Ser vices $90,106 $117,776 $92,303 $122,621 4.11%
Contractual Ser vices $54,830 $55,000 $72,265 $25,000 -54.55%
Total Communications $144,936 $172,776 $164,568 $147,621 -14.56%
Total Expenditures $239,528 $285,827 $270,101 $260,439 -8.88%

The Hotel Tax Fund (HOT) is solely dedicated to promoting tourism within Colleyville. The fund suppor ts 1. 80 FTEs who
manage special events, marketing effor ts, and the Colleyville Center, a meeting venue that directly contributes to tourism
activities. Additionally, this fund provides {nancial suppor t for various special events throughout the year, all aimed at
attracting visitors to Colleyville.

Given the fund’s limited revenue and its restricted use for tourism-related activities, there are no capital expenditures
planned. All expenses are allocated to operating costs, which include staf{ng, event management , and marketing. Due to
the restricted revenue growth, the City will need to closely monitor future expenditures in this fund to ensure sustainable
operations within the existing budget .

FY 2025-2026 Annual Budget | Colleyville Page 78