HomeMy WebLinkAboutAudit Committee-Agenda Packets-02/17/2026
City of Colleyville Page 1
CITY OF COLLEYVILLE
AUDIT COMMITTEE AGENDA
100 Main Street, Colleyville, Texas, 76034
City Manager's Conference Room
Third Floor
TUESDAY, FEBRUARY 17, 2026 - 5:00 PM
1. CALL TO ORDER
2. APPROVAL OF MINUTES
November 18, 2025
3. REGULAR AGENDA ITEMS
3a Discussion of the FY25 Audit and SAS 114 Letter
4. REPORTS
Quarterly investment report as of December 31, 2025
5. ADJOURNMENT
I hereby certify this agenda was posted on City Hall bulletin boards Wednesday, February
11, 2026, by 5:00 p.m.
Christine Loven, TRMC
City Secretary
A quorum of any Colleyville board, commission, or committee may be present at this
meeting. Any matter on this agenda may be opened for public comment and discussion at
the discretion of the governing body.
If you plan to attend this public meeting and have a disability that requires special
accommodations, please advise the City Secretary at least 48 hours in advance at
817.503.1130, and reasonable accommodations will be made to assist you.
City of Colleyville Page 1
CITY OF COLLEYVILLE
AUDIT COMMITTEE MINUTES
100 Main Street, Colleyville, Texas, 76034
City Manager's Conference Room - Third Floor
Tuesday, November 18, 2025 – 5:00 P.M.
1. CALL TO ORDER
City Secretary Christine Loven called the meeting to order at 5:01 p.m. and called
the roll.
PRESENT: Committee members Brandi Elder, Scotty Richardson, and Mark
Alphonso.
ALSO PRESENT: Finance Director Cassie Smith, Accounting Manager Karen Hines,
Assistant City Manager Mark Wood, and City Secretary Christine Loven.
2. APPROVAL OF MINUTES
Audit Committee Meeting Minutes - August 19, 2025
The Minutes of August 19, 2025, were approved as presented.
3. REGULAR AGENDA ITEMS
3a Quarterly investment report as of September 30, 2025
Finance Director Cassie Smith reviewed the quarterly investment report. There was
general discussion of balances, rates, and returns. The transfer and reinvestment
of interest was discussed.
4. ADJOURNMENT
There being no further business before the Audit Committee, the meeting was
adjourned at 5:12 p.m.
Minutes taken and prepared by:
Christine Loven, TRMC
City Secretary
City of Colleyville Page 1
CITY OF COLLEYVILLE
AUDIT COMMITTEE BRIEFING
Agenda Number 3a Agenda Date 2/17/2026 Number
Type Regular Agenda Items
Department Finance
Title
Discussion of the FY25 Audit and SAS 114 Letter
Explanation
This item provides an update of the FY25 Audit.
Attachments
1. City of Colleyville 2025 ACFR
2. City of Colleyville 2025 Goverance Letter
3. City of Colleyville 2025 IC Letter
COLLEYVILLE
CITY OF COLLEYVILLE, TEXAS
ANNUAL COMPREHENSIVE FINANCIAL REPORT
FISCAL YEAR ENDED SEPTEMBER 30, 2025
This Page Intentionally Left Blank
City of Colleyville, Texas
Annual Comprehensive Financial Report
For the Fiscal Year Ended September 30, 2025
Prepared by
Finance Department
Cassandra Smith
Director of Finance
Karen Hines
Accounting Manager
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City of Colleyville, Texas
Annual Comprehensive Financial Report
For the Fiscal Year Ended September 30, 2025
Table of Contents
i
Page
Introductory Section
Letter of Transmittal v
Certificate of Achievement x
Organizational Chart xi
Principal Officials xii
Financial Section
Independent Auditor’s Report 3
Management's Discussion and Analysis 7
Basic Financial Statements
Statement of Net Position 19
Statement of Activities 20
Fund Financial Statements:
Governmental Funds Financial Statements:
Balance Sheet 22
Reconciliation of the Governmental Funds Balance Sheet
to the Statement of Net Position 23
Statement of Revenues, Expenditures, and Changes in Fund Balance 24
Reconciliation of the Governmental Funds Statement
of Revenues, Expenditures and Changes in
Fund Balance to the Statement of Activities 25
Proprietary Funds Financial Statements:
Statement of Net Position 26
Statement of Revenues, Expenses, and Changes in Net Position 27
Statement of Cash Flows 28
Fiduciary Fund Financial Statement:
Statement of Fiduciary Net Position - Custodial Fund 29
Statement of Changes in Fiduciary Net Position - Custodial Fund 30
Notes to the Basic Financial Statements 31
Required Supplementary Information
Budgetary Comparison Schedules:
Budgetary Comparison Schedule - General Fund 67
Budgetary Comparison Schedule - Colleyville Economic Development Fund 68
Notes to Budgetary Comparison Schedules 69
Schedule of Changes in Net Pension Liability and Related Ratios - TMRS 70
Schedule of Contributions - TMRS 71
Notes to Texas Municipal Retirement System - Net Pension Liability
Required Supplementary Information 72
Schedule of Changes in Net OPEB Liability and Related Ratios - TMRS 73
Notes to Texas Municipal Retirement System- OPEB Liability 74
City of Colleyville, Texas
Annual Comprehensive Financial Report
For the Fiscal Year Ended September 30, 2025
Table of Contents – Continued
ii
Page
Combining And Individual Fund Financial Statements And Schedules
Budgetary Comparison Schedule - Debt Service Fund 77
Non-Major Governmental Funds:
Combining Balance Sheet 80
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances 84
Budgetary Comparison Schedule - Crime Control and Prevention District Fund 88
Custodial Funds:
Combining Statement of Fiduciary Net Position - Employee Activity Fund 90
and Police Asset Forfeiture Fund
Combining Statement of Changes in Fiduciary Net Position 91
Employee Activity Fund and Police Asset Forfeiture Fund
Table
Statistical Section
Net Position By Component 1 96
Changes in Net Position 2 98
Fund Balances - Governmental Funds 3 100
Changes in Fund Balances - Governmental Funds 4 101
Assessed Value and Estimated Actual Value of Taxable Property 5 102
Direct and Overlapping Property Tax Rates 6 103
Principal Property Tax Payers 7 104
Property Tax Levies and Collections 8 105
Principal Water Customers 9 106
Ratio of Outstanding Debt by Type 10 107
Ratio of General Bonded Debt Outstanding 11 108
Direct and Overlapping Governmental Activities Debt 12 109
Demographic and Economic Statistics 13 110
Principal Employers 14 111
Full-Time Equivalent City Government Employees By Function/Program 15 112
Operating Indicators By Function/Program 16 113
Capital Asset Statistics By Function/Program 17 114
iii
Introductory Section
iv
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v
February 17, 2026
To the Honorable Mayor, Members of the City Council, and Citizens of the City of Colleyville:
The Annual Comprehensive Financial Report of the City of Colleyville (the "City") for the fiscal year ended
September 30, 2025, is hereby submitted. Responsibility for both the accuracy of the data, and
completeness and fairness of the presentation, including all disclosures, rests with the City. To the best of
our knowledge and belief, the enclosed data are accurate in all material respects and are reported in a
manner designed to present fairly the financial position, results of operations and cash flows of the various
funds of the City. All disclosures necessary to enable the reader to gain an understanding of the City's
financial activities have been included.
In developing and evaluating the City's accounting system, consideration is given to the adequacy of
internal accounting controls. These controls are designed to provide reasonable, but not absolute,
assurance regarding the safeguarding of assets against loss from unauthorized use or disposition, and the
reliability of financial records for preparing financial statements and maintaining accountability for assets.
The concept of reasonable assurance recognizes that the cost of a control should not exceed the
benefits likely to be derived, and the evaluation of costs and benefits requires estimates and judgments
by management. We believe that the City's current system of internal controls adequately safeguards
assets and provides reasonable assurance of proper recording of financial transactions.
As required by the City’s charter, the financial statements have been audited by Weaver and Tidwell,
L.L.P., a firm of certified public accountants. The goal of the independent audit was to provide
reasonable assurances that the financial statements of the City of Colleyville for the fiscal year ended
September 30, 2025, are free of material misstatement. The independent audit involved examining on a
test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the
accounting principles used and significant estimates made by management; and evaluating the overall
financial statement presentation. The independent auditor concluded, based upon the audit, that there
was a reasonable basis for rendering an unmodified opinion that the City of Colleyville’s financial
statements for fiscal year ended September 30, 2025, are presented in conformity with generally
accepted accounting principles (GAAP).
As required by GAAP, management provides a narrative introduction, overview and analysis to
accompany the basic financial statements in the form of Management’s Discussion and Analysis (MD&A).
This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it.
The City’s MD&A can be found immediately following the independent auditor’s report.
vi
PROFILE OF THE GOVERNMENT
On January 10, 1956, the City of Colleyville was incorporated and adopted a home-rule charter on
January 15, 1977. It has a Council-Manager form of government with policy making and legislative
authority vested in a governing body consisting of a Mayor and six Council members. The Mayor and
Council are responsible for passing ordinances, adopting the budget, appointing board and committee
members, and hiring the City Manager. The City Manager is responsible for carrying out the policies and
ordinances of the Mayor and Council, overseeing the day-to-day operations of the City, and appointing
department directors upon confirmation by the City Council. The Mayor and six Council members are
elected on an at large, non-partisan basis for three-year terms. The three-year terms are staggered so
that the Mayor and City Council persons from Places 1 and 2 are elected in year one, City Council persons
from Places 3 and 4 are elected in year two, and City Council persons from Places 5 and 6 are elected
in year three. Per the City Charter, no one person can serve as a council member or mayor for more than
two consecutive three-year terms.
The City provides a full range of municipal services. These services include police and fire protection,
municipal court, streets, drainage utility, leisure services (parks and recreation, Colleyville Center and
library), water and sewer, engineering/community development, and general administrative services.
Based upon the criterion set forth in generally accepted accounting principles, the following
organizations are includable within the City's reporting entity:
Entity Method of Inclusion
Colleyville Economic Development Corporation (CEDC) Blended
Colleyville Crime Control and Prevention District Blended
Colleyville Tax Investment Financing Reinvestment Zone
Zone Number One (TIF) Discretely Presented
The City Charter of the City of Colleyville establishes the fiscal year as October 1 through September 30.
The Charter requires the City Manager to submit a proposed budget and accompanying budget
message to the City Council each year and the proposed budget is presented to the City Council at a
budget work session. After public hearings at two consecutive regular City Council meetings, the Council
may adopt the proposed budget, with or without amendment. The budget ordinance is to be adopted
no later than the 30th day of September and requires an affirmative vote of a majority of the Council.
The City maintains budgetary control by adopting an annual operating budget for the General Fund,
Debt Service Fund, Hotel Tax Fund, Drainage Utility Fund, and Water and Sewer Enterprise Fund. In
conjunction with two corresponding boards of directors, the City also adopts annual operating budgets
for the Colleyville Crime Control and Prevention District as well as the Colleyville Economic Development
Corporation. Detail control is maintained at the line-item level by encumbering available funds at the
time a purchase order is written. Encumbrances lapse at fiscal year-end but can be re-appropriated
through a budget amendment during the following fiscal year. The City Manager is authorized to transfer
budgeted amounts between departments within any fund. However, any revisions that alter the total
expenditures of any fund must be approved by the City Council.
vii
LOCAL ECONOMY
The City of Colleyville is a residential-oriented community located 11 miles northeast of the City of Fort
Worth, 22 miles northwest of Dallas and 5 miles west of Dallas/Fort Worth International Airport in Northeast
Tarrant County. The City issued 125 building permits during the year, including 37 commercial permits and
88 residential permits, and the average appraised value of a residential property decreased from
$905,319 to $871,680. In addition, the City has purchased parcels of land located at the northern and
southern gateways of the City along State Highway 26 with the intention of selling the property for future
development. The property along the southern portion of the City, purchased for $2.554 million and
consisting of nearly 6 acres, is under contract with Venture DFW for retail and restaurant development.
The 3.81-acre parcel owned by the City at the southeast corner of John McCain and SH26 has a letter of
interest from an indoor pickle ball concept. The City has engaged a consultant to assist with planning the
37-acre commercial site at John McCain and SH26. The City’s retail and office sectors are doing well. The
City has 2.8 acres of retail and office space with an occupancy rate of 92%.
Infrastructure projects completed in fiscal year 2025 include Pecan Park Drainage Improvements, Quail
Crest and Woodbriar Water and Wastewater Improvements and Tinker Road. Also, some completed
beautification projects are the Justice Center Pond and Parks Restroom Rehabilitation. Continued
construction of Heroes Park to be completed in early 2026. Finally, almost 4.14 lane miles were resurfaced
throughout Colleyville.
For the Future. Future infrastructure, rehabilitation and renovation projects scheduled include Heritage
Bridge replacement, a roundabout at Cheek-Sparger Rd. and Bedford Rd and a right turn lane from
Heritage Ave on to Cheek-Sparger Rd. Water project at Pecan Park Estates and rehabilitation of the City
water towers. The City will have various street resurfacing improvements completed in partnership with
Tarrant County, and renovations and additions at the Colleyville Recreation Center/ Voting Center will
continue.
FINANCIAL INFORMATION
Financial Policies
The City of Colleyville operates under financial policies that include multiple components to provide
consistency, clarity, and appropriate statutory compliance in the City’s financial processes. The City’s
Charter provides a strong foundation, outlining requirements for the annual budget, monthly financial
reports, and annual audit. Additional policies such as the Investment Policy, reviewed annually by the
City Council, and the Fund Balance Policy, reviewed every three years by the Audit Committee, provide
further detail and guidance. Decisions are also made in accordance with any existing bond covenants
or state law.
Long Term Financial Planning
In Fiscal Year 2005, the City Council adopted a Fund Balance Policy requiring a 90-day reserve for fund
balance in both the General Fund and the Utility Fund. In Fiscal Year 2011, the policy was updated to
reflect the designations of non-spendable, restricted, committed, assigned and unassigned as required
by GASB 54. At the end of Fiscal Year 2023, both the General Fund and the Utility Fund have a fund
balance in excess of the required 90-day reserve. Amounts in excess of the reserve may be used to fund
one-time capital expenditures.
In January 2017, the City Council held a Visioning Workshop and created a new Strategic Plan, which
included an updated Vision, Mission, and Values. The Strategic Plan also articulated six overall goals and
several strategies to achieve each, as shown below in the version that was updated in June 2018. For
each strategy identified, one or more objectives were assigned. The City has reaffirmed the plan in
subsequent Visioning Workshops, most recently in June 2023.
viii
Staff’s role is to manage City activities and finances in a way that reflects the City Council’s and the
community’s highest priorities. Development of the annual budget is guided by the priorities outlined in
the City of Colleyville’s Strategic Plan. Every new effort and element of the City’s budget, including
existing programs, is tied to one or more of these goals, strategies, and objectives.
As a part of the annual budget process, an updated five-year forecast for the General Fund, Hotel Tax
Fund, Utility Fund, Drainage Fund, Crime Control and Prevention District Fund, Economic Development
Corporation Fund, and Debt Service Fund is presented to the City Council with the proposed budget. The
budget process also includes an annual update of the five-year capital improvement program (CIP).
Projects in the CIP are funded from a variety of sources including the Capital Projects Fund, Utility Capital
Projects Fund, the Tax Increment Financing (TIF) District Fund, or Special Revenue Funds. The Capital
Projects Fund accounts for money transferred from the General Fund for use on capital projects, street
impact fees, perimeter street fees, and other funds for general capital projects. For internal reporting and
tracking, the Utility Capital Projects Fund is used to account for money transferred from the Utility Fund
(the operating fund) for use on utility capital projects, water impact fees, and wastewater impact fees.
For the ACFR purposes, the activity for the Utility Fund and the Utility Capital Projects Fund are combined
as the Water and Wastewater Fund.
ix
AWARDS AND ACKNOWLEDGEMENTS
Awards. The Government Finance Officers Association of the United States and Canada (GFOA)
awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Colleyville for
its comprehensive annual financial report for the fiscal year ended September 30, 2024. This was the 36th
consecutive year that the City has received this prestigious award. In order to be awarded a Certificate
of Achievement, a government must publish an easily readable and efficiently organized comprehensive
annual financial report. This report must satisfy both generally accepted accounting principles and
applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe that our current annual
comprehensive financial report continues to meet the Certificate of Achievement Program's
requirements, and we are submitting it to GFOA to determine its eligibility for another certificate.
In addition, the City also received the GFOA’s Distinguished Budget Presentation award for its annual
budget dated October 1, 2025. In order to qualify for this award, the City’s budget document was judged
to be proficient in several categories, including as a policy document, a financial plan, an operations
guide, and a communications device.
Acknowledgements. The preparation of this report could not be accomplished on a timely basis without
the dedicated endeavors of the entire staff of the Finance Department. We would like to express our
sincere appreciation to all employees who contributed to the preparation. Additionally, we would also
like to thank the Mayor, City Council, and City Manager for their support in planning and conducting the
financial operations of the City in a responsible and progressive manner.
Respectfully submitted,
Cassandra Smith
Cassandra Smith, CPA, CGFO, CGFM
Director of Finance
Karen Hines
Karen Hines
Accounting Manager
x
xi
xii
CITY OF COLLEYVILLLE, TEXAS
HOME RULE, COUNCIL – MANAGER
FORM OF GOVERNMENT
CITY OFFICIALS
YEAR ENDED SEPTEMBER 30, 2025
Bobby Lindamood
Mayor
Brandi Elder
Mayor Pro Tem and
Councilmember, Place 1
Mark Alphonso
Councilmember, Place 2
Scotty Richardson
Deputy Mayor Pro-Tem and
Councilmember, Place 3
Ben Graves
Councilmember, Place 4
Kimberly Holt Gunderson
Councilmember, Place 5
Tim Raine
Councilmember, Place 6
Jerry Ducay
City Manager
Cassandra Smith
Director of Finance
Karen Hines
Accounting Manager
1
Financial Section
2
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2300 North Field Street, Suite 1000
Dallas, Texas 75201
972-490-1970
Weaver and Tidwell, L.L.P.
3 CPAs AND ADVISORS | WEAVER.COM
Independent Auditor’s Report
To the Members of the City Council
and City Manager
City of Colleyville, Texas
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities, the business-
type activities, the discretely presented component unit, each major fund, and the aggregate remaining
fund information of the City of Colleyville, Texas (the City) as of and for the year ended
September 30, 2025, and the related notes to the financial statements, which collectively comprise the
City’s basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of the governmental activities, the business-type activities, the discretely
presented component unit, each major fund, and the aggregate remaining fund information of the City,
as of September 30, 2025, and the respective changes in financial position, and, where applicable, cash
flows thereof for the year then ended in conformity with accounting principles generally accepted in the
United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States
of America (GAAS) and the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States. Our responsibilities under those
standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements
section of our report. We are required to be independent of the City and to meet our other ethical
responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
opinions.
Responsibilities of Management for the Financial Statements
The City’s management is responsible for the preparation and fair presentation of these financial
statements in accordance with accounting principles generally accepted in the United States of
America; this includes the design, implementation, and maintenance of internal control relevant to the
preparation and fair presentation of financial statements that are free from material misstatement,
whether due to fraud or error. In preparing the financial statements, management is required to evaluate
whether there are conditions or events, considered in the aggregate, that raise substantial doubt about
the City’s ability to continue as a going concern for twelve months beyond the financial statement date,
including any currently known information that may raise substantial doubt shortly thereafter.
The Members of the City Council
and City Manager
City of Colleyville, Texas
4
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that
includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance
and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect
a material misstatement when it exists. The risk of not detecting a material misstatement resulting from
fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional
omissions, misrepresentations, or the override of internal control. Misstatements are considered material if
there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment
made by a reasonable user based on the financial statements.
In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, and design and perform audit procedures responsive to those risks. Such procedures
include examining, on a test basis, evidence regarding the amounts and disclosures in the
financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is
expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant
accounting estimates made by management, as well as evaluate the overall presentation of the
financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate,
that raise substantial doubt about the City’s ability to continue as a going concern for a
reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters,
the planned scope and timing of the audit, significant audit findings, and certain internal control–related
matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the
management’s discussion and analysis, budgetary comparison information, and TMRS pension and OPEB
schedules (as listed in the table of contents), be presented to supplement the basic financial statements.
Such information, although not a part of the basic financial statements, is required by the Governmental
Accounting Standards Board, who considers it to be an essential part of financial reporting for placing
the basic financial statements in an appropriate operational, economic, or historical context. We have
applied certain limited procedures to the required supplementary information in accordance with
auditing standards generally accepted in the United States of America, which consisted of inquiries of
management about the methods of preparing the information and comparing the information for
consistency with management’s responses to our inquiries, the basic financial statements, and other
knowledge we obtained during our audit of the basic financial statements. We do not express an opinion
or provide any assurance on the information because the limited procedures do not provide us with
sufficient evidence to express an opinion or provide any assurance.
The Members of the City Council
and City Manager
City of Colleyville, Texas
5
Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively
comprise the City’s basic financial statements. The combining and individual fund financial statements
and schedules are presented for purposes of additional analysis and are not a required part of the
financial statements.
The combining and individual fund financial statements and schedules are the responsibility of
management and were derived from and relate directly to the underlying accounting and other records
used to prepare the basic financial statements. Such information has been subjected to the auditing
procedures applied in the audit of the financial statements and certain additional procedures, including
comparing and reconciling such information directly to the underlying accounting and other records
used to prepare the basic financial statements or to the basic financial statements themselves, and other
additional procedures in accordance with auditing standards generally accepted in the United States of
America. In our opinion, the combining and individual fund financial statements and schedules are fairly
stated in all material respects, in relation to the basic financial statements as a whole.
Other Information Included in the Annual Comprehensive Financial Report (ACFR)
Management is responsible for the other information included in the ACFR. The other information
comprises the introductory section and statistical section but does not include the financial statements
and our auditor's report thereon. Our opinions on the financial statements do not cover the other
information, and we do not express an opinion or any form of assurance thereon. In connection with our
audit of the financial statements, our responsibility is to read the other information and consider whether
a material inconsistency exists between the other information and the financial statements, or the other
information otherwise appears to be materially misstated. If, based on the work performed, we conclude
that an uncorrected material misstatement of the other information exists, we are required to describe it
in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated
February 10, 2026, on our consideration of the City’s internal control over financial reporting and on our
tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and
other matters. The purpose of that report is to describe the scope of our testing of internal control over
financial reporting and compliance and the results of that testing, and not to provide an opinion on
internal control over financial reporting or on compliance. That report is an integral part of an audit
performed in accordance with Government Auditing Standards in considering the City’s internal control
over financial reporting and compliance.
WEAVER AND TIDWELL, L.L.P.
Dallas, Texas
February 10, 2026
6
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City of Colleyville, Texas
Management’s Discussion and Analysis
7
As management of the City of Colleyville, we offer readers of the City’s financial statement this narrative
overview and analysis of the financial activities of the City for the fiscal year Ended September 30, 2025.
We encourage readers to consider the information presented here in conjunction with additional
information that we have furnished in our letter of transmittal, which can be found on pages v – ix of this
report.
Financial Highlights
The assets plus the deferred outflows of resources of the City of Colleyville exceeded its liabilities
plus the deferred inflows of resources as of September 30, 2025, by $253,479,687 (net position). Of
this amount, $75,486,458 (unrestricted net position) may be used to meet the City’s ongoing
obligations to citizens and creditors in accordance with the City’s fund designation and fiscal
policies.
The City’s total net position increased by $5,398,560 over FY 2024 operations.
As of the close of the current fiscal year, the City of Colleyville’s governmental funds reported
combined ending fund balances of $55,447,322.
As of September 30, 2025, unassigned fund balance for the General Fund was $7,833,962, or 28%
of the total General Fund expenditures.
Overview of the Financial Statements
This discussion and analysis is intended to serve as an introduction to the City’s basic financial statements.
The City’s basic financial statements are comprised of three components: (1) government-wide financial
statements, (2) fund financial statements and (3) notes to the financial statements. This report also
contains other supplementary information in addition to the basic financial statements themselves.
Government-wide Financial Statements, are designed to provide readers with a broad overview of the
City’s finances, in a manner similar to a private-sector business.
The Statement of Net Position presents information on all of the City’s assets, liabilities, and deferred
inflows/outflows of resources, with the difference between the two reported as net position. Net position
is reported as one of three categories: net investment in capital assets, restricted, or unrestricted. Over
time, increases or decreases in net position may serve as a useful indicator of whether the financial
position of the City is improving or deteriorating.
The Statement of Activities presents information showing how the City’s net position changed during the
fiscal year. All changes in net position are reported when the underlying event giving rise to the change
occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this
statement for some items that will only result in cash flows in the future fiscal periods (e.g., uncollected
taxes and earned but unused compensated absences).
Both government-wide financial statements distinguish functions of the City that are principally supported
by taxes and intergovernmental revenues (governmental activities) from functions that are intended to
recover all or a significant portion of their costs through user fees and charges (business-type activities).
The governmental activities of the City include General Government, Public Safety, Public Works, and
Cultural and Recreation. The business-type activities of the City include Water and Wastewater, and
Drainage Utility.
City of Colleyville, Texas
Management’s Discussion and Analysis
8
The government-wide financial statements include not only the City itself but also component units: The
Colleyville Tax Increment Financing Reinvestment Zone Number One (TIF) financial information is reported
separately from the financial information presented for the primary government. The Colleyville Economic
Development Corporation (CEDC) and the Colleyville Crime Control and Prevention District (CCCPD),
although also legally separate, function for all practical purposes as departments of the City, and
therefore have been included as an integral part of the primary government.
Fund Financial Statements provide more detailed information about the City’s most significant funds – not
the City as a whole. A fund is a grouping of related accounts that is used to maintain control over
resources that have been segregated for specific activities or objectives. The City, like other state and
local governments, uses fund accounting to ensure and demonstrate compliance with finance-related
legal requirements. All of the funds of the City can be divided into three categories: governmental, funds,
proprietary funds, and fiduciary funds. The fund financial statements for governmental funds, proprietary
funds, and fiduciary funds can be found in the financial section of this report.
Governmental Funds – Governmental funds are used to account for essentially the same functions
reported as governmental activities in the government-wide financial statements. However, unlike the
government-wide financial statements, governmental fund financial statements focus on current sources
and uses of spendable resources, as well as on balances of spendable resources available at the end of
the fiscal year. Such information may be useful in evaluation a government’s near-term financing
requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial
statements, it is useful to compare the information presented for governmental funds with similar
information presented for governmental activities in the government-wide financial statements. By doing
so, readers may better understand the long-term impact of the government’s near-term financing
decisions. Both the governmental funds balance sheet and the governmental fund statements of
revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this
comparison between governmental funds and governmental activities.
The City maintains 25 individual governmental funds. Information is presented separately in the
Governmental Fund Balance Sheet and in the Governmental Fund Statement of Revenues, Expenditures,
and Changes in Fund Balances for the General Fund, Debt Service Fund, Capital Projects, and, Colleyville
Economic Development, all of which are considered to be major funds. Data from the other
governmental funds are combined into a single, aggregated presentation. Individual fund data for each
of these non-major governmental funds is provided in the form of combining statements later in this report.
Proprietary Funds are used when the City charges customers for services it provides. Proprietary funds
provide the same type of information as the government-wide financial statements, only in more detail.
Enterprise Funds are used to report the same functions presented as business-type activities in the
government-wide financial statements. The City uses Enterprise Funds to account for the Water and
Wastewater Fund and Drainage Utility Fund, both are considered to be major funds of the City.
Fiduciary Funds – Fiduciary funds are used to account for resources held for the benefit of parties outside
the City. Fiduciary funds are not reflected in the government-wide financial statements because the
resources of those funds are not available to support the City’s own programs. The City has two custodial
funds: Employee Activity Fund and Police Asset Forfeiture Fund. The custodial funds account for funds
held in an agency capacity for the benefit of the City employees and for the benefit of law enforcement
purposes.
City of Colleyville, Texas
Management’s Discussion and Analysis
9
Notes to the Financial Statements – The notes provide additional information that is essential to a full
understanding of the data provided in the government-wide and fund financial statements. The notes to
the financial statements can be found beginning on page 31 of this report.
Required Supplementary Information presents certain required information concerning the City’s General
Fund budget comparison, and progress in funding its obligation to provide pension benefits and other
post-employment benefits to its employees. Required supplementary information can be found
beginning on page 67 of this report.
Governmental-wide Financial Analysis
As noted earlier, net position may serve over time as a useful indicator of government’s financial position.
In the case of the City of Colleyville, assets plus deferred outflows of resources exceeded liabilities plus
the deferred inflows of resources by $253,479,687 as of September 30, 2025.
Condensed Statement of Net Position
2025 2024 2025 2024 2025 2024
Current and other assets 62,746,451$ 62,477,657$ 37,725,927$ 38,431,387$ 100,472,378$ 100,909,044$
Capital assets, net 131,796,460 130,401,829 49,022,264 44,711,923 180,818,724 175,113,752
Total assets 194,542,911 192,879,486 86,748,191 83,143,310 281,291,102 276,022,796
Deferred outflows of
resources 2,375,350 3,360,219 342,441 484,425 2,717,791 3,844,644
Current liabilities 7,041,518 5,469,947 2,028,165 3,254,035 9,069,683 8,723,982
Long-term liabilities 19,668,543 21,710,462 626,312 920,452 20,294,855 22,630,914
Total liabilities 26,710,061 27,180,409 2,654,477 4,174,487 29,364,538 31,354,896
Deferred inflows of
resources 1,021,065 386,673 143,603 44,744 1,164,668 431,417
Net position
Net Investment in
capital assets 117,222,936 114,858,764 49,022,264 44,711,923 166,245,200 159,570,687
Restricted 11,748,029 11,697,502 - - 11,748,029 11,697,502
Unrestricted 40,216,170 42,116,357 35,270,288 34,696,581 75,486,458 76,812,938
Total net position 169,187,135$ 168,672,623$ 84,292,552$ 79,408,504$ 253,479,687$ 248,081,127$
Governmental Activities Business-type Activities Total
Primary Government
The largest portion of the City’s net position of $166,245,200 reflects its investments in capital assets
(e.g., land, building, equipment, improvements, construction in progress and infrastructure), less any
outstanding debt used to acquire those assets. The City uses these capital assets to provide service to
citizens; consequently, these assets are not available for future spending. Although the City’s investment
in its capital assets is reported net of related debt, it should be noted that the resources needed to repay
this debt must be provided from other sources, since the capital assets themselves cannot be used to
liquidate these liabilities.
A portion of the City’s net position ($11,748,029) represents resources that are subject to external restriction
on how they may be used. The remaining balance ($75,486,458) of unrestricted net position may be used
to meet the City’s ongoing obligation to citizens and creditors in accordance with the City’s fund
designation and fiscal policies.
City of Colleyville, Texas
Management’s Discussion and Analysis
10
As of September 30, 2025, the City has positive balances in all three categories of net position, both for
the City as a whole, as well as for its governmental and business-type activities separately. Fiscal year 2025
governmental activities resulted in a $514,512 increase in net position. That increase was due to higher
impact fees revenue and increased SRO reimbursement. Fiscal year 2025 business-type activities resulted
in a $4,884,048 increase in net position. The City has two contracts with the Trinity River Authority of Texas
(TRA) for the purchase of treated water and for the transportation, treatment and disposal of sanitary
sewage and other waste. In fiscal year 2025, TRA refunded the City $1,447,305 after calculating the
authority’s true up balances.
Analysis of the City’s Operations – The following table provides a summary of the City’s operations for the
year ended September 30, 2025. Governmental activities increased the City of Colleyville’s net position
by $514,512, and business-type activities contributed an increase to the City’s net position of $4,884,048.
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Net Position
Governmental and Business-type Activities
(in thousands)
Net investment in capital assets Restricted Unrestricted
City of Colleyville, Texas
Management’s Discussion and Analysis
11
Condensed Statement of Activities
2025 2024 2025 2024 2025 2024
Revenues:
Program revenues:
Charges for services 5,658,110$ 3,742,643$ 27,976,653$ 25,531,699$ 33,634,763$ 29,274,342$
Operating grants and contributions 1,023,475 2,200,169 - - 1,023,475 2,200,169
Capital grants and contributions 1,262,330 1,090,940 837,598 503,801 2,099,928 1,594,741
General revenues:
Property tax 18,967,177 17,904,226 - - 18,967,177 17,904,226
Sales tax 11,111,344 10,654,186 - - 11,111,344 10,654,186
Franchise tax 1,946,778 1,982,559 - - 1,946,778 1,982,559
Other tax 329,774 358,874 - - 329,774 358,874
Investment income 1,800,877 2,262,400 1,234,363 1,450,500 3,035,240 3,712,900
Miscellaneous 110,572 115,953 242,551 99,663 353,123 215,616
Gain on sale of capital assets 378,997 - - - 378,997 -
Total revenues 42,589,434 40,311,950 30,291,165 27,585,663 72,880,599 67,897,613
Expenses:
General government 7,456,126 6,622,685 - - 7,456,126 6,622,685
Community development 1,859,030 1,744,404 - - 1,859,030 1,744,404
Fire and rescue 9,013,564 8,661,229 - - 9,013,564 8,661,229
Leisure services 7,478,263 6,419,332 - - 7,478,263 6,419,332
Maintenance 1,191,443 992,114 - - 1,191,443 992,114
Municipal court 850,781 775,929 - - 850,781 775,929
Police 9,595,248 9,023,613 - - 9,595,248 9,023,613
Streets and drainage 4,423,070 5,727,460 - - 4,423,070 5,727,460
Water and wastewater - - 24,035,665 22,721,878 24,035,665 22,721,878
Drainage - - 936,789 883,578 936,789 883,578
Interest on long-term debt 642,060 541,428 - 642,060 541,428
Total expenses 42,509,585 40,508,194 24,972,454 23,605,456 67,482,039 64,113,650
Increases (decreases) in
net position before transfers 79,849 (196,244) 5,318,711 3,980,207 5,398,560 3,783,963
Transfers 434,663 434,663 (434,663) (434,663) - -
Change in net position 514,512 238,419 4,884,048 3,545,544 5,398,560 3,783,963
Net position - October 1 168,672,623 168,434,204 79,408,504 75,862,960 248,081,127 244,297,164
Net position - September 30 169,187,135$ 168,672,623$ 84,292,552$ 79,408,504$ 253,479,687$ 248,081,127$
Governmental Activities Business-type Activities Total
Primary Government
City of Colleyville, Texas
Management’s Discussion and Analysis
12
Revenues – For fiscal year ended September 30, 2025, revenues for the primary government totaled
$72,880,599 with $42,589,434 from governmental activities and $30,291,165 from business-type activities.
Program revenues are derived from the program itself and reduce the cost of the function of the City.
Total program revenues were $36,758,166 of total revenues, which increased $3,688,914 from the prior
year. The Governmental Charges for Services increased $1,915,467 over the prior year due to increased
impact fees revenue and SRO reimbursement. The business-type Charges for services of $27,976,653 are
primarily from water and sewer charges. Capital grants and contributions have increased by $505,187
due to developer contributions on two projects in the City.
General revenues are revenues that cannot be assigned to a specific function. The largest revenue
sources for governmental activities comes from its residential property values ($18,967,177), which
experienced a 2.5% growth over the prior year’s certified values. The tax rate increased from
$0.26099/$100 valuation to $0.27604/$100 valuation. In spite of adding a 7% homestead exemption, some
moderate new growth did bring in higher revenue for the City.
Expenses – For the fiscal year ended September 30, 2025, expenses for the primary government totaled
$67,482,039 with $42,509,585 for governmental activities and $24,972,454 for business-type activities.
The City’s largest governmental activities functions are Police of $9,595,248 and Fire and rescue of
$9,013,564 making up 28% of the total expenses. The expenses can be attributed to salaries (including
benefits and overtime).
The Water and Wastewater business-type activities function expenses were $24,035,665 or 36% of total
expenses. These expenses enable the City to provide water and wastewater services to its customers. This
function increased by $1,313,787 due primarily to increases in payments to Trinity River Authority for water
and sewer due to increased usage during the summer months.
General government governmental activities function expenses were $7,456,126 or 11% of total expenses.
The expenses can be primarily attributed to salaries and benefits for employees.
The Leisure services governmental activities function had expenses of $7,478,263 or 11% of total expenses.
These services include: parks and recreation, library services, senior center, and community center.
The Streets and drainage governmental activities function had expenses of $4,423,070 or 7% of total
expenses. These expenses are for the maintenance of the streets and drainage systems throughout the
City.
The remaining governmental activities functions are Community development with expenses of
$1,859,030 or 3%, Maintenance with expenses of $1,191,443 or 2%, Municipal court with expenses of
$850,781 or 1%, and Interest on long-term debt with expenses of $642,060 or 1%.
City of Colleyville, Texas
Management’s Discussion and Analysis
13
Financial Analysis of the City’s Major Funds
Governmental Funds
The focus of the City’s governmental funds is to provide information on near-term inflows, outflows, and
balances of spendable resources. Such information is useful in assessing the City’s financing requirements.
In particular, unassigned fund balance may serve as a useful measure of a government’s net resources
available for spending at the end of the fiscal year.
The General Fund is the chief operating fund of the City. At the end of the current year, its unassigned
fund balance was $7,833,962, while the total fund balance reached $8,570,695. The General Fund total
fund balance increased $27,045 primarily due to increased sales and property tax revenues. Property tax
revenues increased due to a 2.5% growth in certified values and increased sales tax revenues are a result
of efforts to stimulate economic growth. As a measure of the General Funds liquidity, it may be useful to
compare both the unassigned and total fund balance to its expenditures. Unassigned fund balance was
$7,833,962, or 28% of total General Fund expenditures. Total fund balance was $8,570,695 or 31% of
General Fund expenditures. The General Fund also had non-spendable amounts of $590 for inventories
and committed amounts of $736,143 for strategic initiatives.
General government
11%
Interest on long-
term debt
1%
Community
development
3%
Fire and rescue
14%
Maintenance
2%
Municipal court
1%
Leisure services
11%
Police
14%
Streets and drainage
6%
Water and wastewater
36%
Drainage
1%
Expenses by Function
$7.60 $7.65 $7.70 $7.75 $7.80 $7.85
Millions
General Fund Unassigned Fund Balance
2025
2024
2023
City of Colleyville, Texas
Management’s Discussion and Analysis
14
The Colleyville Economic Development Corporation ended the fiscal year with a total fund balance of
$7,530,709. The fund had non-spendable amounts of $18,750 for prepaid items. The remaining $7,511,959
is restricted for use for the purposes for which the Corporation is organized, including municipal park
improvements, construction of community use buildings, and land and improvements for additional
neighborhood parks.
The Debt Service fund ended the fiscal year with a total fund balance of $349,106 compared to $414,233
at the end fiscal year 2024. This fund balance is restricted for the payment of debt.
The Capital Projects fund ended the fiscal year with a total fund balance of $28,469,200 that is restricted
for capital projects.
Proprietary Funds
The City’s proprietary funds provide the same type of information found in the government-wide financial
statements but in more detail.
The unrestricted net position was $32,320,577 for the Water and Wastewater Fund, which was a net position
increase of $3,835,423 primarily due to increased temperatures in the summer months causing higher
water usage.
The unrestricted net position of $2,949,711 for the Drainage Utility Fund, resulted in a net position increase
of $1,048,625 due to increased service revenues.
General Fund Budgetary Highlights
With the FY25 budget, resources were allocated according to the priorities of our citizens and City Council,
while maintaining the conservative fiscal approach that has allowed Colleyville to attain and maintain
an AAA bond rating. Cost increases were absorbed via reductions in other expenses or by identifying
alternative fund sources to allow any new revenue to be allocated for priority areas.
Colleyville’s approach to budgeting places emphasis on maintaining business-like efficiency and keeping
as low a tax rate as possible while maintaining or expanding service levels. Any increases in property tax
revenue would come as a result of new growth, rather than a higher tax rate. Staff has also managed to
absorb annual operational increases within its existing budget through appropriate use of restricted
revenues such as hotel and sales tax as well as maintaining lean operations.
During the year, there was no change in appropriations between the original and final amended budget.
Actual General Fund revenues exceeded budgeted revenues by $1,566,873 during the year. This is
primarily due to increased property tax collections and greater than anticipated earnings on investments.
Total expenditures were higher than budgeted amounts by $50,671 for the fiscal year. primarily due to an
unbudgeted repair to a capital asset. The City continues to maintain a conservative approach to
budgeting and spending throughout the year.
Refer to the General Fund Budgetary Comparison Schedule on page 67 of this report for a detailed
presentation of the actual General Fund operations compared to both the original and final budget for
fiscal year 2025.
City of Colleyville, Texas
Management’s Discussion and Analysis
15
Capital Assets
The City of Colleyville’s investment in capital assets for its governmental and business-type activities as of
September 30, 2025 amounts to $180,818,724, net of accumulated depreciation. This investment in capital
assets includes land, building and equipment, improvements other than buildings, infrastructure, and
construction work in progress. Major capital asset events occurring during the current fiscal year included
the following:
Renovations of the Recreation Center.
Vactor Sewer Truck.
Pecan Park Water Project.
Justice Center Detention Pond Enhancements.
Vehicles and security cameras for the Police department.
2025 2024 2025 2024 2025 2024
Land 10,728,729$ 10,728,729$ 304,839$ 304,839$ 11,033,568$ 11,033,568$
Construction in progress 7,414,269 11,553,700 2,016,784 2,653,472 9,431,053 14,207,172
Buildings and improvements 74,513,976 65,886,767 103,159 103,159 74,617,135 65,989,926
Equipment 14,116,743 12,420,587 4,109,979 3,193,968 18,226,722 15,614,555
Infrastructure 116,907,263 115,879,933 98,161,926 91,832,453 215,069,189 207,712,386
Right to use lease assets 4,172,133 3,105,977 - - 4,172,133 3,105,977
Right to use subscription assets 441,753 441,753 - - 441,753 441,753
228,294,866 220,017,446 104,696,687 98,087,891 332,991,553 318,105,337
Less: accumulated
depreciation/amortization (96,498,406) (89,615,617) (55,674,423) (53,375,968) (152,172,829) (142,991,585)
Total capital assets, net 131,796,460$ 130,401,829$ 49,022,264$ 44,711,923$ 180,818,724$ 175,113,752$
Governmental Activities Business-type Activities Total
Primary Government
Additional information on the City’s capital assets can be found in Note 5 of the basic financial
statements.
Debt Administration
At the end of the fiscal year, the City had $20,405,466 in long-term obligations outstanding, of which
$11,072,243 is bonded debt. The City’s AAA rating on its’ General Obligation Bonds was reaffirmed by
both Standard and Poor’s and Fitch Ratings. These are the highest bond ratings assigned to municipal
debt by these agencies.
2025 2024 2025 2024 2025 2024
General obligation bonds and
certificates of obligation 11,072,243$ 11,614,798$ -$ -$ 11,072,243$ 11,614,798$
Financed purchases 3,309,340 3,677,759 - - 3,309,340 3,677,759
Lease liabilities 149,860 149,692 - - 149,860 149,692
Subscription liabilities - 144,914 - - - 144,914
Compensated absences 2,693,944 2,432,190 384,707 388,325 3,078,651 2,820,515
Net pension liability 1,888,527 3,135,576 272,259 452,039 2,160,786 3,587,615
Total OPEB liability 554,629 555,534 79,957 80,088 634,586 635,622
Total long-term debt 19,668,543$ 21,710,463$ 736,923$ 920,452$ 20,405,466$ 22,630,915$
Long-term debt to net
position percentage 12% 13% 1% 1% 8% 9%
Governmental Activities Business-type Activities Total
Primary Government
Additional information on the City’s long-term debt can be found in Note 7 of the basic financial
statements. Please see the following notes of the basic financial statements for more information on: Note
8 – Pension Plans and Note 9 – Other Postemployment Benefits.
City of Colleyville, Texas
Management’s Discussion and Analysis
16
Economic Factors and Next Year’s Budgets and Rates
The properties in Colleyville City limits are predominately residential, which tends to help mitigate the
negative effects of economic fluctuations. Certified values increased 5% in total from 2024 to 2025.
However, one of the City Council’s highest priorities is minimizing the tax burden of our citizens. As such,
careful consideration is given to the amount of revenue (and associated tax rate) needed, as opposed
to simply maintaining a tax rate that brings in ever increasing amounts of revenue due to increased
property values. Any tax rate above the no-new-revenue tax rate (i.e., that brings in more revenue than
the prior year, excluding revenue from new construction) must be fully justified, with the reasons for
adopting such a rate clearly communicated. For fiscal year 2025, the City adopted a tax rate of
$0.27620/$100 valuation, a $0.015 increase from the fiscal year 2024 tax rate of $0.26099/$100 valuation.
This rate increase is a result of an increase in appraisal values with an increase in exemptions being almost
equal, therefore the increase was necessary to provide the revenue needed to fund programs and
services, the City’s increase in the local homestead provides some residential property owners a tax
break.
Sales tax is the second largest revenue source. This revenue stream makes up approximately 18% of the
General Fund’s annual operating revenue, and it has endured two major disruptions in the past several
years. The first is the construction that took place along Colleyville’s primary commercial corridor,
Colleyville Boulevard (SH26), which concluded in 2020. The second disruption came in 2020 and 2021 as
COVID-19 restricted commerce in the City’s restaurant and in-person services sectors. For several
surrounding communities, Colleyville included, consumers shifted their purchasing habits to online
vendors, meaning that while brick-and-mortar storefronts felt significant financial pressure Colleyville
maintained an increasing trajectory for its overall sales tax. As a result, Colleyville came out of the past
two years with a total revenue increase of more than $2 million. Acknowledging the difficulty facing
businesses within City boundaries, Colleyville staff responded to these by providing grants to businesses
and gift cards to residents to encourage local economic activity. As is the City’s policy, sales tax has been
budgeted conservatively with slight growth for FY26 and limited growth in future years.
At the budget work session presentation in August, staff reviewed a five-year forecast for all operating
funds. That forecast includes estimates for expenditures and the revenues necessary to continue
balancing the budget. Ad valorem revenue was projected with average annual growth of about 4.8%,
reflecting potential new growth on top of an effective tax rate. Conversely, sales tax was projected with
2% growth. The forecast for General Fund expenditures includes average annual cost increases of
approximately 2.5% for materials and contractual services required each year, as well as personnel costs
to continue funding appropriate market and merit adjustments and increasing healthcare costs. These
forecasts help staff and the City Council focus on the long-term budgetary implications of current funding
decisions. They also help to put long-term goals into perspective relative to the overall resources available.
Water and wastewater base rates are directly related to the City’s budget for the Utility Fund, and rates
are set to only recover the City’s cost of operating the utility system. Based on the fiscal year 2026 budget,
which includes zero debt payments and a slight increase in the number of customers, water and
wastewater base rates experienced a moderate increase due to staffing costs as well as the cost for
Trinity River Authority’s treatment services. Fortunately, no increase was needed in the CIP base rate due
to the Utility’s five-year capital improvement program being sufficiently funded with the current rate
structure.
Request for Information
The financial report is designed to provide our citizens, customers, investors and creditors with a general
overview of the City’s finances. If you have questions about this report or need any additional information,
contact Cassie Smith, Director of Finance, at 100 Main Street, Colleyville, Texas 76034, or call
(817) 503-1014.
17
Basic Financial Statements
18
This Page Intentionally Left Blank
City of Colleyville, Texas
Statement of Net Position
September 30, 2025
The Notes to the Financial Statements are an integral part of this statement.
19
Governmental Business-type Component
Activities Activities Total Unit
ASSETS
Cash and cash equivalents 7,871,417$ 5,227,921$ 13,099,338$ 1,073,371$
Investments 36,970,902 23,673,139 60,644,041 -
Receivables (net of allowance for uncollectibles of $445,371)
Accounts 360,390 4,467,571 4,827,961 27,621
Taxes 1,211,798 - 1,211,798 -
Loans 15,242,011 4,000,000 19,242,011 3,584,000
Leases 24,957 - 24,957 -
Due from other governments 959,578 - 959,578 -
Inventories 590 302,109 302,699 -
Prepaid items 18,750 - 18,750 -
Restricted assets:
Investments - 39,366 39,366 -
Accrued interest 86,058 15,821 101,879 -
Capital assets:
Non-depreciable 18,142,998 2,321,623 20,464,621 22,612,355
Right to use assets (net of amortization) 1,788,720 - 1,788,720 335,785
Depreciable (net of depreciation) 111,864,742 46,700,641 158,565,383 51,800,451
Total assets 194,542,911 86,748,191 281,291,102 79,433,583
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows - TMRS pension and OPEB 2,375,350 342,441 2,717,791 -
Total deferred outflows of resources 2,375,350 342,441 2,717,791 -
LIABILITIES
Accounts payable 5,913,101 1,196,370 7,109,471 1,297,921
Accrued liabilities 888,365 145,154 1,033,519 179,946
Accrued interest payable 194,213 - 194,213 -
Advances from developers - 60,000 60,000 -
Customer deposits 45,839 516,030 561,869 -
Non-current liabilities:
Due within one year 1,377,495 110,611 1,488,106 74,573
Due in more than one year 15,847,892 274,096 16,121,988 19,420,159
Net pension liability 1,888,527 272,259 2,160,786 -
OPEB liability 554,629 79,957 634,586 -
Total liabilities 26,710,061 2,654,477 29,364,538 20,972,599
DEFERRED INFLOWS OF RESOURCES
Deferred inflows - Lease related 24,957 - 24,957 -
Deferred inflows - TMRS pension and OPEB 996,108 143,603 1,139,711 -
Total deferred inflows of resources 1,021,065 143,603 1,164,668 -
NET POSITION
Net investment in capital assets 117,222,936 49,022,264 166,245,200 55,093,304
Restricted:
Debt service 168,735 - 168,735 -
Court security and technology 176,377 - 176,377 -
Leisure services 126,849 - 126,849 -
Economic development 7,511,959 - 7,511,959 -
Police 3,764,109 - 3,764,109 -
Unrestricted 40,216,170 35,270,288 75,486,458 3,367,680
TOTAL NET POSITION 169,187,135$ 84,292,552$ 253,479,687$ 58,460,984$
Primary Government
City of Colleyville, Texas
Statement of Activities
For the Fiscal Year Ended September 30, 2025
The Notes to the Financial Statements are an integral part of this statement.
20
Operating Capital
Charges for Grants and Grants and
Expenses Services Contributions Contributions
PRIMARY GOVERNMENT
Governmental activities:
General government 7,456,126$ 4,635$ 483,224$ 235,000$
Community development 1,859,030 1,400,525 - -
Fire and rescue 9,013,564 557,958 159,493 -
Leisure services 7,478,263 772,171 377,198 -
Maintenance 1,191,443 - - -
Municipal court 850,781 1,171,044 - -
Police 9,595,248 990,161 3,560 -
Streets and drainage 4,423,070 761,616 - 1,027,330
Interest on long-term debt 642,060 - - -
Total governmental activities 42,509,585 5,658,110 1,023,475 1,262,330
Business-type activities:
Water and sewer 24,035,665 26,205,698 - 837,598
Drainage 936,789 1,770,955 - -
Total business-type activities 24,972,454 27,976,653 - 837,598
TOTAL PRIMARY GOVERNMENT 67,482,039$ 33,634,763$ 1,023,475$ 2,099,928$
COMPONENT UNIT
Tax increment financing 6,273,802$ -$ -$ -$
TOTAL COMPONENT UNIT 6,273,802$ -$ -$ -$
General revenues and transfers:
Taxes:
Property taxes
Sales taxes
Franchise taxes
Other taxes
Interest on investments
Gain on sale of capital assets
Miscellaneous
Transfers
Total general revenues and transfers
Change in net position
Net position, beginning of year
NET POSITION, end of year
Functions/Program Activities
Program Revenues
21
Governmental Business-type Component
Activities Activities Total Unit
(6,733,267)$ -$ (6,733,267)$ -$
(458,505) - (458,505) -
(8,296,113) - (8,296,113) -
(6,328,894) - (6,328,894) -
(1,191,443) - (1,191,443) -
320,263 - 320,263 -
(8,601,527) - (8,601,527) -
(2,634,124) - (2,634,124) -
(642,060) - (642,060) -
(34,565,670) - (34,565,670) -
- 3,007,631 3,007,631 -
- 834,166 834,166 -
- 3,841,797 3,841,797 -
(34,565,670)$ 3,841,797$ (30,723,873)$ -$
-$ -$ -$ (6,273,802)$
-$ -$ -$ (6,273,802)$
18,967,177$ -$ 18,967,177$ 7,051,866$
11,111,344 - 11,111,344 -
1,946,778 - 1,946,778 -
329,774 - 329,774 -
1,800,877 1,234,363 3,035,240 53,193
378,997 - 378,997 -
110,572 242,551 353,123 123,495
434,663 (434,663) - -
35,080,182 1,042,251 36,122,433 7,228,554
514,512 4,884,048 5,398,560 954,752
168,672,623 79,408,504 248,081,127 57,506,232
169,187,135$ 84,292,552$ 253,479,687$ 58,460,984$
Net (Expense) Revenue and
Changes in Net Position
Primary Government
City of Colleyville, Texas
Balance Sheet
Governmental Funds
September 30, 2025
The Notes to the Financial Statements are an integral part of this statement.
22
Colleyville Non-Major
Economic Debt Capital Governmental Governmental
General Development Service Projects Funds Funds
ASSETS
Cash and cash equivalents 1,013,765$ 2,149,302$ 349,101$ 1,219,673$ 3,139,576$ 7,871,417$
Investments 13,712,687 4,988,391 - 10,651,982 7,617,842 36,970,902
Receivables, net of allowances for
uncollectibles:
Accounts 239,747 - - 49,567 71,076 360,390
Taxes 1,197,951 - 13,847 - - 1,211,798
Loans 107,750 - - 15,134,261 - 15,242,011
Leases 24,957 - - - - 24,957
Due from other funds 10,000 - - 2,800,000 - 2,810,000
Due from other governments - 458,159 - - 501,419 959,578
Accrued interest 86,058 - - - - 86,058
Inventories 590 - - - - 590
Prepaid items - 18,750 - - - 18,750
TOTAL ASSETS 16,393,505$ 7,614,602$ 362,948$ 29,855,483$ 11,329,913$ 65,556,451$
LIABILITIES
Accounts payable 3,841,498$ 34,113$ -$ 1,329,270$ 708,220$ 5,913,101$
Accrued liabilities 697,491 49,780 - 57,013 84,081 888,365
Due to other funds 2,800,000 - - - 10,000 2,810,000
Customer deposits 45,839 - - - - 45,839
Total liabilities 7,384,828 83,893 - 1,386,283 802,301 9,657,305
DEFERRED INFLOWS OF RESOURCES
Deferred inflows - Lease related 24,957 - - - - 24,957
Unavailable resources 413,025 - 13,842 - - 426,867
TOTAL DEFERRED INFLOWS OF RESOURCES 437,982 - 13,842 - - 451,824
FUND BALANCES (DEFICIT)
Nonspendable for:
Inventories 590 - - - - 590
Prepaid items - 18,750 - - - 18,750
Restricted for:
Streets and drainage - - - - - -
Debt service - - 349,106 - - 349,106
Court security and technology - - - - 176,377 176,377
Grant programs - - - - - -
Leisure services - - - 126,849 126,849
Economic development - 7,511,959 - - - 7,511,959
Police - - - - 3,764,109 3,764,109
Historical purposes - - - - - -
Committed for:
Strategic initiatives 736,143 - - - - 736,143
Leisure services - - - - 2,284,719 2,284,719
Capital projects - - - 28,469,200 1,338,531 29,807,731
Library - - - - - -
Assigned for:
Capital projects - - - - 2,149,502 2,149,502
Leisure services - - - - 8,789 8,789
Fire - - - - 751,121 751,121
Recycling - - - - - -
Reforestation expenditures - - - - - -
Strategic initiatives - - - - - -
Unassigned 7,833,962 - - - (72,385) 7,761,577
Total fund balances (deficit) 8,570,695 7,530,709 349,106 28,469,200 10,527,612 55,447,322
TOTAL LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES (DEFICIT)16,393,505$ 7,614,602$ 362,948$ 29,855,483$ 11,329,913$ 65,556,451$
City of Colleyville, Texas
Reconciliation of the Governmental Funds
Balance Sheet to the Statement of Net Position
As of September 30, 2025
The Notes to the Financial Statements are an integral part of this statement.
23
TOTAL FUND BALANCES - GOVERNMENT FUNDS 55,447,322$
Amounts reported for governmental activities in the statement of net position
are different because:
Capital assets used in governmental activities are not current financial resources
and, therefore, are not reported in the governmental funds balance sheet. 131,796,460
Interest payable on long-term debt does not require current financial resources;
therefore, interest payable is not reported as a liability in the governmental
funds balance sheet. (194,213)
Revenues earned but not available within sixty days of the year end are not
recognized as revenue on the fund financial statements. 426,867
Net deferred outflows and inflows of resources related to net pension liability
results in an increase in net position in the government-wide financial statements. 1,379,242
Long-term liabilities, including bonds payable, are not due and payable in the
current period and therefore are not reported in the fund financial statements.
These noncurrent liabilities are as follows:
Long term debt (10,860,000)$
Unamortized bond premium/discount, net (212,243)
Financed purchase liabilities (3,309,340)
Lease liabilities (149,860)
Compensated absences (2,693,944)
Other post employment benefits liability (554,629)
Net pension liability (1,888,527)
(19,668,543)
Net position of governmental activities 169,187,135$
City of Colleyville, Texas
Statement of Revenues, Expenditures, and
Changes in Fund Balances
Governmental Funds
For the Fiscal Year Ended September 30, 2025
The Notes to the Financial Statements are an integral part of this statement.
24
Colleyville Non-Major Total
Economic Debt Capital Governmental Governmental
General Development Service Projects Funds Funds
REVENUES
Taxes 26,097,635$ 2,789,787$ 918,261$ -$ 2,937,008$ 32,742,691$
Fines and forfeitures 641,742 - - - 76,188 717,930
Licenses, permits and fees 1,005,726 - - - - 1,005,726
Intergovernmental 235,000 - - - 966,404 1,201,404
Charges for services 1,848,056 - - - - 1,848,056
Capital improvement fees - - - 758,391 - 758,391
Grants/contributions - - - - 1,023,475 1,023,475
Investment earnings 857,338 209,442 4,757 379,195 350,145 1,800,877
Miscellaneous 82,084 - - 19,661 240 101,985
Total revenues 30,767,581 2,999,229 923,018 1,157,247 5,353,460 41,200,535
EXPENDITURES
Current:
General government 5,980,348 357,866 - 71,376 277,590 6,687,180
Community development and engineering 1,829,395 - - - 13,000 1,842,395
Fire and rescue 8,061,322 - - - 410,286 8,471,608
Leisure services 3,079,976 1,798,019 - 75,602 407,824 5,361,421
Maintenance 1,070,984 - - - - 1,070,984
Municipal court 760,669 - - - 90,112 850,781
Police services 5,991,466 - - - 2,489,971 8,481,437
Streets and drainage 1,024,584 - - 1,303,011 - 2,327,595
Capital outlay 110,311 664,840 - 3,190,003 2,683,336 6,648,490
Debt service:
Principal retirement - - 878,418 - - 878,418
Interest and fiscal charges - - 661,727 - - 661,727
Total expenditures 27,909,055 2,820,725 1,540,145 4,639,992 6,372,119 43,282,036
Excess (deficiency) of revenues
over (under) expenditures 2,858,526 178,504 (617,127) (3,482,745) (1,018,659) (2,081,501)
OTHER FINANCING SOURCES (USES)
Issuance of leases 56,751 - - - - 56,751
Proceeds from the sale of property 16,245 - - - 362,752 378,997
Transfers in 434,663 - 552,000 2,170,140 642,000 3,798,803
Transfers out (3,339,140) - - - (25,000) (3,364,140)
Total other financing sources (uses) (2,831,481) - 552,000 2,170,140 979,752 870,411
Net change in fund balances 27,045 178,504 (65,127) (1,312,605) (38,907) (1,211,090)
Fund balances, beginning of year 8,543,650 7,352,205 414,233 29,781,805 10,566,519 56,658,412
FUND BALANCES (DEFICIT), END OF YEAR 8,570,695$ 7,530,709$ 349,106$ 28,469,200$ 10,527,612$ 55,447,322$
City of Colleyville, Texas
Reconciliation of the Governmental Funds Statement of Revenues,
Expenditures and Changes In Fund Balances
to the Statement of Activities
For the Fiscal Year Ended September 30, 2025
The Notes to the Financial Statements are an integral part of this statement.
25
TOTAL NET CHANGE IN FUND BALANCES - GOVERNMENTAL FUNDS (1,211,090)$
Amounts reported for governmental activities in the statement of activities
are different because:
Governmental funds report capital outlays as expenditures. However, in the statement
of activities the cost of those assets is allocated over their estimated useful lives and
reported as depreciation/amortization expense. This is the amount of capital assets recorded in
the current period. 8,040,280
Depreciation/amortization expense on capital assets is reported in the statement of activities but does
not require the use of current financial resources. Therefore, depreciation/amortization expense is not
reported as expenditures in the governmental funds. (8,035,247)
The issuance of long-term debt (e.g. bonds or leases) provides current financial resources to
governmental funds, while the repayment of the principal of long-term debt consumes the current
financial resources of governmental funds. Neither transaction, however, has any effect on net position.
Also, governmental funds report the effect of premiums, discounts, and similar items when debt
is first issued, whereas the amounts are deferred and amortized in the statement of activities.
This amount is the net effect of the following items:
Issuance of new leases (56,751)$
Financed purchase liability payments 368,418
Lease liability payments 56,583
Subscription liability payments 144,914
Principal payments 510,000
Amortization of premiums and deferred losses 32,555
The net change in net pension liability/asset, deferred outflows and deferred inflows is reported in the
statement of activities but does not require the use of current financial resources and,
therefore is not reported as an expenditure in the governmental funds. (412,509)
Current year changes in the long-term liability for compensated absences do not require
the use of current financial resources; and therefore, are not reported as expenditures
in governmental funds. (261,754)
The net change in OPEB liability, deferred outflows and deferred inflow is reported in the statement
of activities but does not require the use of current financial resources and, therefore is not
reported as expenditures in the governmental funds. (26,877)
Current year changes in accrued interest payable do not require the use of current financial
resources; and therefore, are not reported as expenditures in governmental funds. (22,909)
Governmental funds do not recognize assets contributed by developers. However, in the
statement of activities the fair market value of those assets are recognized as revenue,
then allocated over their estimated useful lives and reported as depreciation/amortization expense. 1,027,330
In the governmental fund financial statements the proceeds from sale of assets are shown as
an increase in financial resources. In the government-wide financial statements, the
gain or loss is calculated and reported. 378,997
Certain revenues in the government-wide statement of activities that do not provide
current financial resources are not reported as revenue in the governmental funds. (17,428)
CHANGE IN NET POSITION OF GOVERNMENTAL ACTIVITIES 514,512$
City of Colleyville, Texas
Statement of Net Position
Proprietary Funds
September 30, 2025
The Notes to the Financial Statements are an integral part of this statement.
26
Water and Sewer Drainage Utility
Fund Fund Total
ASSETS
Current assets:
Cash and cash equivalents 3,972,561$ 1,255,360$ 5,227,921$
Investments 22,100,272 1,572,867 23,673,139
Accounts receivable, net of allowance 4,211,966 255,605 4,467,571
Inventories 302,109 - 302,109
Restricted assets:
Investments - 39,366 39,366
Total current assets 30,586,908 3,123,198 33,710,106
Noncurrent assets:
Accrued interest 15,821 - 15,821
Loan receivable 4,000,000 - 4,000,000
Capital assets:
Land and improvements 304,839 - 304,839
Buildings 103,159 - 103,159
Utility system 91,469,364 6,692,562 98,161,926
Equipment and furniture 3,201,488 908,491 4,109,979
Construction in progress 1,548,188 468,596 2,016,784
Less: accumulated depreciation (52,893,967) (2,780,456) (55,674,423)
Total non-current assets 47,748,892 5,289,193 53,038,085
Total assets 78,335,800 8,412,391 86,748,191
DEFERRED OUTFLOW OF RESOURCES
Deferred outflows - TMRS pension and OPEB 281,834 60,607 342,441
Total deferred outflows of resources 281,834 60,607 342,441
LIABILITIES
Current liabilities:
Accounts payable 1,180,675 15,695 1,196,370
Accrued liabilities 117,556 27,598 145,154
Advances from developers 60,000 - 60,000
Customer deposits 516,030 - 516,030
Compensated absences 85,416 25,195 110,611
Total current liabilities 1,959,677 68,488 2,028,165
Noncurrent liabilities:
Compensated absences 196,244 77,852 274,096
Net pension liability 224,073 48,186 272,259
OPEB liability 65,804 14,153 79,957
Total non-current liabilities 486,121 140,191 626,312
Total liabilities 2,445,798 208,679 2,654,477
DEFERRED INFLOW OF RESOURCES
Deferred inflows - TMRS pension and OPEB 118,188 25,415 143,603
Total deferred inflows of resources 118,188 25,415 143,603
NET POSITION
Net investment in capital assets 43,733,071 5,289,193 49,022,264
Unrestricted 32,320,577 2,949,711 35,270,288
TOTAL NET POSITION 76,053,648$ 8,238,904$ 84,292,552$
City of Colleyville, Texas
Statement of Revenues, Expenses
and Changes in Net Position
Proprietary Funds
For the Fiscal Year Ended September 30, 2025
The Notes to the Financial Statements are an integral part of this statement.
27
Water and Sewer Drainage Utility
Fund Fund Total
OPERATING REVENUES
Metered water sales 16,962,738$ -$ 16,962,738$
Wastewater service charges 6,265,240 - 6,265,240
Drainage service charges - 1,752,062 1,752,062
Other charges and services 2,977,720 18,893 2,996,613
Miscellaneous 125,658 116,893 242,551
Total operating revenues 26,331,356 1,887,848 28,219,204
OPERATING EXPENSES
Personnel services 2,808,604 553,117 3,361,721
Maintenance and contractual services 18,500,188 126,028 18,626,216
Material and supplies 404,143 76,718 480,861
Depreciation and amortization 2,322,730 180,926 2,503,656
Total operating expenses 24,035,665 936,789 24,972,454
OPERATING INCOME (LOSS)2,295,691 951,059 3,246,750
NON-OPERATING REVENUES (EXPENSES)
Investment income (loss) 1,136,797 97,566 1,234,363
Total non-operating revenues (expenses) 1,136,797 97,566 1,234,363
Income (loss) before capital contributions and transfers 3,432,488 1,048,625 4,481,113
CAPITAL CONTRIBUTIONS AND TRANSFERS
Capital contributions 837,598 - 837,598
Transfers out (434,663) - (434,663)
Total capital contributions and transfers 402,935 - 402,935
Change in net position 3,835,423 1,048,625 4,884,048
Net position, beginning of year 72,218,225 7,190,279 79,408,504
NET POSITION, END OF YEAR 76,053,648$ 8,238,904$ 84,292,552$
City of Colleyville, Texas
Statement of Cash Flows
Proprietary Funds
For the Fiscal Year Ended September 30, 2025
The Notes to the Financial Statements are an integral part of this statement.
28
Water and Sewer Drainage Utility
Fund Fund Totals
CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from customers and users 26,422,100$ 1,729,972$ 28,152,072$
Cash payments to suppliers for goods and services (19,960,169) (387,183) (20,347,352)
Cash payments to employees for services (2,753,032) (551,375) (3,304,407)
Net cash provided by operating activities 3,708,899 791,414 4,500,313
CASH FLOWS FROM NON-CAPITAL FINANCING ACTIVITIES
Transfers out (434,663) - (434,663)
Net cash used in non-capital financing activities (434,663) - (434,663)
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
Acquisition of capital assets (4,921,516) (1,063,127) (5,984,643)
Proceeds from sale of capital assets 8,244 - 8,244
Net cash used in capital and
related financing activities (4,913,272) (1,063,127) (5,976,399)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of Investments 300,726 - 300,726
Sale and Maturities of investments - 216,921 216,921
Earnings (losses) on investments 1,184,175 97,566 1,281,741
Net cash provided by investing activities 1,484,901 314,487 1,799,388
Net change in cash and cash equivalents (154,135) 42,774 (111,361)
Cash and cash equivalents, beginning of year 4,126,696 1,212,586 5,339,282
CASH AND CASH EQUIVALENTS, END OF YEAR 3,972,561$ 1,255,360$ 5,227,921$
RECONCILIATION OF OPERATING INCOME TO NET CASH
PROVIDED BY OPERATING ACTIVITIES
Operating income 2,295,691$ 951,059$ 3,246,750$
Adjustments to reconcile operating income
to net cash provided by operating activities:
Depreciation and amortization 2,322,730 180,926 2,503,656
Decrease (increase) in assets and deferred outflows of resources:
Receivables 102,214 (40,983) 61,231
Inventory (32,157) - (32,157)
Deferred outflows - TMRS pension and OPEB 116,856 25,128 141,984
Increase (decrease) in liabilities and deferred outflows of resources:
Accounts payable (1,017,842) (171,744) (1,189,586)
Accrued liabilities (5,839) (12,693) (18,532)
Compensated absences 5,423 (9,041) (3,618)
Customer deposits (2,470) - (2,470)
Advances from developers (9,000) (116,893) (125,893)
Net pension liability (147,962) (31,818) (179,780)
Total OPEB liability (108) (23) (131)
Deferred inflows - TMRS pension and OPEB 81,363 17,496 98,859
NET CASH PROVIDED BY OPERATING ACTIVITIES 3,708,899$ 791,414$ 4,500,313$
NON-CASH CAPITAL AND RELATED FINANCING
Contributions of capital assets from developers 837,598$ -$ 837,598$
Net non-cash capital and related financing activities 837,598$ -$ 837,598$
City of Colleyville, Texas
Statement of Fiduciary Net Position
Custodial Funds
September 30, 2025
The Notes to the Financial Statements are an integral part of this statement.
29
Custodial Funds
ASSETS
Cash and cash equivalents 147,975$
Investments 10,657
Total assets 158,632
NET POSITION
Restricted for other purposes 158,632
TOTAL NET POSITION 158,632$
City of Colleyville, Texas
Statement of Changes in Fiduciary Net Position
Custodial Funds
For the Fiscal Year Ended September 30, 2025
The Notes to the Financial Statements are an integral part of this statement.
30
Custodial
Funds
Contributions 8,380$
Forfeitures 111,645
Investment earnings 2,020
Other additions 879
Total additions 122,924
Operating expenses 7,515
Total deductions 7,515
Change in net position 115,409
Net position, beginning 43,223
158,632$
ADDITIONS
DEDUCTIONS
NET POSITION, ENDING
City of Colleyville, Texas
Notes to the Financial Statements
31
Note 1. Summary of Significant Accounting Policies
The City of Colleyville Home Rule Charter was adopted by the voters at an election held on January 15,
1977. The City operates under a Council-Manager form of government.
The accounting policies of the City of Colleyville, Texas (the City) conform to generally accepted
accounting principles as applicable to governmental units. The following is a summary of the more
significant of such policies:
A. Reporting Entity
As required by generally accepted accounting principles, these financial statements present the
government and its component units, entities for which the government is considered to be financially
accountable. Blended component units, although legally separate entities are, in substance, part of the
government's operations and so data from these units are combined with data of the primary
government. Each discretely presented component unit, on the other hand, is reported in a separate
column in the combined financial statements to emphasize it is legally separate from the government.
Each blended component unit has a September 30 year-end.
Blended Component Unit — The Colleyville Economic Development Corporation (CEDC) was
incorporated on September 3, 1996, as a nonprofit industrial development corporation under the
Development Corporation Act of 1979 (Act). The CEDC operates under a seven-member board of
directors appointed by the City Council. Each of the directors shall be a resident of the City. The
Corporation is organized exclusively for the purposes of benefiting and accomplishing public purposes
of and to act on behalf of, the City, and the specific purposes for which the Corporation is organized.
This includes municipal park improvements, the purchase of land and improvements for additional
neighborhood parks, the construction of a community center and library. Although it is legally separate
from the City, the CEDC is reported as if it were part of the primary government, because CEDC is
financing public improvements and the City is the primary beneficiary of the services provided.
Blended Component Unit — Colleyville Crime Control and Prevention District (the CCCPD) was formed
under Chapter 363 of the Texas Local Government Code, the Crime Control and Prevention City Act. The
CCCPD is organized to act on behalf of the City for financing, development of crime control throughout
the City. The CCCPD is governed by a seven-member board consisting of all members of the City Council.
The CCCPD is reported as a part of the primary government because it provides services entirely for the
City.
Discretely Presented Component Unit — Colleyville Tax Increment Financing Reinvestment Zone Number
One (the TIF) was formed to make public improvements, under the authority of the Tax Increment
Financing Act. The TIF is governed by a nine-member board consisting of five members appointed by the
City Council and one member each appointed by the four other participating taxing entities. The primary
government appoints a voting majority of the unit's governing body and the City has a potential economic
benefit from this unit. Therefore, the TIF is presented in the accompanying financial statements as a
discretely presented component unit. Complete financial statements for the TIF may be obtained from the
City of Colleyville Finance Department, 100 Main Street, Colleyville, Texas 76034.
City of Colleyville, Texas
Notes to the Financial Statements
32
B. Government-wide Fund Financial Statements
The government-wide financial statements (i.e. the statement of net position and the statement of
activities) report information on all of the nonfiduciary activities of the primary government and its
component units. For the most part, the effect of interfund activity has been removed from these
statements. Governmental activities, which normally are supported by taxes and intergovernmental
revenue, are reported separately from business-type activities, which rely to a significant extent on fees
and charges for support. Likewise, the primary government is reported separately from certain legally
separate component units for which the primary government is financially accountable.
The statement of activities demonstrates the degree to which the direct expenses of a given function or
segment are offset by program revenue. Direct expenses are those that are clearly identifiable with a
specific function or segment. Program revenue includes 1) charges to customers or applicants who
purchase, use, or directly benefit from goods, services, or privileges provided by a given function or
segment, and 2) grants and contributions that are restricted to meeting the operational or capital
requirements of a particular function or segment. Taxes and other items not properly included among
program revenue are reported instead as general revenue.
Separate financial statements are provided for Governmental Funds, Proprietary Funds, and Fiduciary
Funds, even though the latter are excluded from the government-wide financial statements. Major
individual Governmental Funds and major individual Enterprise Funds are reported as separate columns
in the fund financial statements.
C. Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources measurement
focus and the accrual basis of accounting, as are the Proprietary Fund and Fiduciary Fund financial
statements. Revenues are recorded when earned and expenses are recorded when a liability is incurred,
regardless of the timing of related cash flows. Property taxes are recognized as revenue in the year for
which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility
requirements imposed by the provider have been met.
Governmental fund financial statements are reported using the current financial resources
measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon
as they are both measurable and available. Revenues are considered to be available when they are
collectible within the current period or soon enough thereafter to pay liabilities of the current period.
For this purpose, the government considers revenue to be available if collected within 60 days of the
end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as
under accrual accounting. However, debt service expenditures, as well as expenditures related to
compensated absences and claims and judgments, are recorded only when payment is due.
Property taxes, franchise taxes, sales taxes, and interest associated with the current fiscal period are all
considered to be susceptible to accrual and so have been recognized as revenue of the current fiscal
period. All other revenue items are considered to be measurable and available only when cash is
received by the City.
City of Colleyville, Texas
Notes to the Financial Statements
33
Governmental Funds
Governmental Funds are those through which most governmental functions of the City are financed.
The acquisition, use, and balances of the City's expendable financial resources and the related
liabilities (except those accounted for in the proprietary fund type) are accounted for through
governmental funds. The measurement focus is upon determination of changes in financial position,
rather than upon net income determination. The following are the City's Governmental Fund types:
The City reports the following major Governmental Funds:
The General Fund — is the general operating fund of the City. It is used to account for all financial
resources except those required to be accounted for in another fund.
The Colleyville Economic Development Fund — is used to account for the use of bond proceeds and
sales tax revenues for municipal park improvements, the purchase of land and equipment for additional
neighborhood parks and for the construction of a community center and library.
The Debt Service Fund — is used to account for the acquisition of resources for, and the payment of,
general long-term debt principal and interest, and related costs.
The Capital Projects Fund — is used to account for financial resources to be used for the acquisition or
construction of general major capital facilities. Financing is provided primarily by the sale of general
obligation bonds and developer contributions.
Additionally, the City also reports the following non-major funds:
Special Revenue Funds — accounts for the revenues and expenditures associated with a special project
or purpose.
Capital Projects Funds – accounts for the acquisition of parks related capital outlay, vehicles,
and equipment.
Proprietary Funds
Proprietary Funds are used to account for activities that are similar to those often found in the private
sector. The measurement focus is upon determination of net income and capital maintenance.
The City reports the following major Proprietary Funds:
The Water and Wastewater Fund — is used to account for operations (a) that are financed and
operated in a manner similar to private business enterprises — where the intent of the governing
body is that the costs (expenses, including depreciation) of providing goods or services to the
general public on a continuing basis be financed or recovered primarily through user charges; or
(b) where the governing body has decided that periodic determination of revenue earned,
expenses incurred, and/or net income is appropriate for capital maintenance, public policy,
management control, accountability, or other purposes. This fund is used to account for water and
wastewater operations.
The Drainage Utility Fund — is used to account for the establishment and maintenance of drainage
facilities within the municipal boundaries of the City. All activities necessary to provide such facilities are
accounted for in this fund, included but not limited to, administration, operations, maintenance, billing
and collections.
City of Colleyville, Texas
Notes to the Financial Statements
34
Fiduciary Funds
Custodial Funds are used to account for assets held by the City in a trustee capacity or as an agent
on behalf of others. The City has two Fiduciary Funds: Employee Activity and the Police Asset Forfeiture
Fund. These funds are held for the benefit of City employees and to account for assets seized in
criminal-related activities held until remittance.
As a general rule, the effect of interfund activity has been eliminated from the government-wide
financial statements. Exceptions to this general rule are charges between the City's water and
wastewater function and various other functions of the government. Elimination of these charges
would distort the direct costs and program revenue reported for the various functions concerned.
Amounts reported as program revenues include: 1) charges to customers or applicants for goods,
services, or privileges provided, 2) operating grants and contributions, and 3) capital grants and
contributions, including special assessments. Internally dedicated resources are reported as general
revenues rather than as program revenue. Likewise, general revenue includes all taxes.
Proprietary Funds distinguish operating revenues and expenses from nonoperating items. Operating
revenues and expenses generally result from providing services and producing and delivering goods in
connection with a Proprietary Fund's principal ongoing operations. The principal operating revenues of
the City's Enterprise Funds are charges to customers for sales and services. Operating expenses for
Enterprise Funds include the cost of sales and services, administrative expenses, and
depreciation/amortization on capital assets/right to use assets. All revenue and expenses not meeting
this definition are reported as nonoperating revenue and expenses.
D. Cash and Cash Equivalents and Investments
For purposes of the statement of cash flows, the Enterprise Fund considers all highly liquid investments
(investments with original maturities less than 90 days, including restricted assets) to be cash equivalents.
The City's cash and cash equivalents are considered to be cash on hand and demand deposits.
Investments for the City are reported at fair value, except for the position in investment pools. The City's
investment in pools are reported at the net asset value per share (which approximates fair value) or
amortized cost.
E. Receivables and Payables
Activity between funds that are representative of lending/borrowing arrangements outstanding at
the end of the fiscal year are referred to as either "due to/from other funds" (i.e., the current portion
of interfund loans) or "advances to/from other funds" (i.e., the noncurrent portion of interfund loans).
All other outstanding balances between funds are reported as "due to/from other funds." Any residual
balances outstanding between the governmental activities and business-type activities are reported
in the government-wide financial statements as "internal balances."
Advances between funds, as reported in the fund financial statements, are offset by a fund balance
reserve account in applicable governmental funds to indicate that they are not available for
appropriation and are not expendable available financial resources.
The allowance for uncollectible accounts receivable for utility billing is estimated as a percentage of
sales calculated based on historical experience. Ambulance receivables in excess of 180 days
comprise the ambulance allowance for uncollectables. The allowance for uncollectable accounts for
capias warrants is set at 90% of outstanding receivables.
City of Colleyville, Texas
Notes to the Financial Statements
35
Property taxes are imposed nonexchange revenues. Assets from imposed nonexchange transactions
are recorded when the entity has enforceable legal claim to the asset, or when the entity receives
resources, whichever comes first. The enforceable legal claim date for property taxes is
the assessment date. The assessment date has been designated in the enabling legislation as of
October 1. The City's property tax is levied on the assessed value listed as of the prior January 1. Taxes
are due upon receipt of the tax bill. All unpaid taxes become delinquent if not paid before
February 1 of the current fiscal year.
F. Inventories and Prepaid Items
Inventories are valued at cost using the first-in/first-out (FIFO) method and consist of expendable supplies
and vehicle repair parts. The cost of such inventories is recorded as expenditures/expenses when
consumed rather than when purchased.
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded
as prepaid items in both the government-wide and fund financial statements. The cost of prepaid
items is recorded as expenditures/expenses when consumed rather than when purchased.
G. Capital Assets
Capital assets, which include property, plant, equipment and infrastructure assets (e.g. roads,
bridges, sidewalks and similar items) are reported in the applicable governmental or business-type
activities columns in the government-wide financial statements. The City defines capital assets as
assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated
useful life in excess of one year. Such assets are recorded at historical cost or estimated historical cost
if purchased or constructed. Donated capital assets are recorded at acquisition cost, which is the
price that would be paid to acquire an asset with equivalent service potential at the acquisition date.
The costs of normal maintenance and repairs that do not add to the value of the asset or materially
extend assets' lives are not capitalized.
Major outlays for capital assets and improvements are capitalized as projects are constructed.
Property, plant, and equipment is depreciated/amortized using the straight-line method over the
following estimated useful lives:
Assets Years
Buildings 15-50
Improvements 20-50
Equipment 5-10
Infrastructure (streets and drainage) 50
Water distribution/sewer collection 5-40
City of Colleyville, Texas
Notes to the Financial Statements
36
H. Compensated Absences
The City recognizes a liability for compensated absences for leave time that (1) has been earned for
services previously rendered by employees, (2) accumulates and is allowed to be carried over to
subsequent years, and (3) is more likely than not to be used as time off or settled (for example paid in
cash to the employee or payment to an employee benefit account) during or upon separation from
employment. Based on the criteria listed, the following types of leave qualify for liability recognition for
compensated absences – vacation and sick leave. The liability for compensated absences is reported as
incurred in the government-wide and proprietary fund financial statements. A liability for compensated
absences is recorded in the governmental funds only if the liability has matured because of employee
resignations or retirements. The liability for compensated absences includes salary-related benefits, where
applicable.
Vacation
All regular full-time and regular part-time employees accrue vacation leave for each month of active
service with the City. Accrual rate increases are based on length of service and number of hours
worked per regular work week. Initial accruals are earned at the rate of 10 days per year for full-time
employees. Firefighters working 24 hour shifts will accrue vacation leave at 5 shifts per year. Vacation
accruals may be used after satisfactory completion of initial probationary period. Vacation benefits
are eligible for payment upon separation from employment, with limitations.
Sick Leave
All regular full-time and regular part-time employees accrue sick leave. Regular full-time employees
accrue at the rate of 12 days per year. Regular part-time employees accrue sick leave in proportion
to hours budgeted for their position. Firefighters accrue sick leave at the rate of 6 shifts per year.
Maximum sick leave accrual is 90 days or 45 shifts for firefighters. Sick leave benefits are eligible for
payment upon separation from employment, with limitations. A liability for the estimated value of
leave benefits that will be paid upon separation of service or used by employees as time off is
included in the liability for compensated absences.
I. Leases
The City is a lessee for a noncancellable leases of equipment and is also a lessor for noncancellable
leases of cell towers and other property. Effective October 1, 2021, the City implemented
GASB Statement No. 87, Leases, which required the recognition of certain lease assets and liabilities
for leases that previously were classified as operating or capital leases and recognized as inflows of
resources or outflows of resources based on the payment provisions of the contract.
Lessee –
The City recognizes a lease liability and an intangible right-to-use lease asset (lease asset) in the
government-wide financial statements.
At implementation of GASB Statement No. 87, the City initially measured the lease and financing
lease liabilities at the present value of payments expected to be made during the remaining
lease term. Subsequently, the lease liabilities are reduced by the principal portion of lease
payments made. The lease right-to-use asset was initially measured as the initial amount of the
lease liability, adjusted for lease payments made at or before the lease commencement date,
plus certain initial direct costs. Subsequently, the lease right-to use asset is amortized on a
straight-line basis over its useful life.
City of Colleyville, Texas
Notes to the Financial Statements
37
Key estimates and judgments related to leases include how the City determines (1) the discount
rate it uses to discount the expected lease payments to present value, (2) lease term and
(3) lease payments.
The City uses the interest rate charged by the lessor as the discount rate. When the interest
rate charged by the lessor is not provided, the City generally uses its estimated incremental
borrowing rate as the discount rate for leases.
The lease term includes the noncancellable period of the lease. Lease payments included
in the measurement of the lease liability are composed of fixed payments and purchase
option price that the City is reasonably certain to exercise.
The City monitors changes in circumstances that would require a re-measurement of its lease
and will remeasure the lease asset and liability if certain changes occur that are expected to
significantly affect the amount of the lease liability.
Lease assets are reported with other capital assets and lease liabilities are reported with long-
term debt on the Statement of Net Position.
Lessor –
The City recognizes a lease receivable and deferred inflow of resources in the government-
wide, governmental funds and proprietary funds financial statements.
At implementation of GASB Statement No. 87, the City measured the lease receivable at the
present value of payments expected to be received during the lease term. Subsequently, the
lease receivable is reduced by the principal portion of lease payments received. The deferred
inflow of resources is initially measured as the initial amount of the lease receivable, adjusted
for lease payments received at or before the lease commencement date. Subsequently, the
deferred inflow of resources is recognized as revenue over the life of the lease term.
J. Subscription-Based Information Technology Arrangements (SBITAs)
The City has noncancelable contracts with SBITA vendors for the right to use information technology
(IT) software, alone or in combination with tangible capital assets (the underlying IT assets). The City
recognized a subscription liability, reported with long-term debt, and a right-to-use subscription
asset (an intangible asset), reported with other capital assets, in the government-wide financial
statements. The City recognized subscription liabilities with an initial, individual value of $10,000 or
more.
At the commencement of an SBITA, the City initially measures the subscription liability at the present
value of payments expected to be made during the subscription term. Subsequently, the
subscription liability is reduced by the principal portion of SBITA payments made. The subscription
asset is initially measured as the initial amount of the subscription liability, adjusted for SBITA
payments made at or before the SBITA commencement date, plus certain initial implementation
cost. Subsequently, the subscription asset is amortized on a straight-line bases over the shorter of
the subscription term or the useful life of the underlying IT assets.
City of Colleyville, Texas
Notes to the Financial Statements
38
Key estimates and judgements related to SBITAs include how the City determines (1) the discount
rate it uses to discount the expected subscription payments to present value, (2) subscription term,
and (3) subscription payments.
The City uses the interest rate charged by the SBITA vendor as the discount rate. When the
interest rate charged by the SBITA vendor is not provided, the City generally uses its estimates
incremental borrowing rate as the discount rate for SBITAs.
The subscription term includes the noncancellable period of the SBITA.
Subscription payments included in the measurement of the subscription liability are
composed of fixed payments, variable payments fixed in substance or that depend on an
index or a rate, termination penalties if the City is reasonably certain to exercise such
options, subscription contract incentives receivable from the SBITA vendor, and any other
payments that are reasonably certain of being required based on an assessment of all
relevant factors.
The City monitors changes in circumstances that would require a remeasurement of its SBITAs and
will remeasure the subscription asset and liability if certain changes occur that are expected to
significantly affect the amount of the subscription liability.
K. Long-term Obligations
In the government-wide financial statements and proprietary fund types in the fund financial statements,
long-term debt and other long-term obligations are reported as liabilities in the applicable governmental
activities, business-type activities, or proprietary fund type statement of net position.
In the fund financial statements, the face amount of debt issued is reported as other financing sources
for the governmental fund types.
For governmental fund types, bond premiums and discounts, as well as issuance costs, are recognized
during the current period. Bond proceeds are reported as another financing source. Issuance costs, even
if withheld from the actual net proceeds received, are reported as expenditures. For proprietary fund
types, bond premiums and discounts, as well as issuance costs, are charged to current operations rather
than being deferred and amortized due to the relatively immaterial effect on the basic financial
statements taken as a whole.
L. Fund Balance Classification
The governmental fund financial statements present fund balances based on classifications that
comprise a hierarchy that is based primarily on the extent to which the City is bound to honor
constraints on the specific purposes for which amounts in the respective governmental funds can be
spent. The classifications used in the governmental fund financial statements are as follows:
Non-spendable: This classification includes amounts that cannot be spent because they are either
(a) not in spendable form or (b) are legally or contractually required to be maintained intact.
Non-spendable items are not expected to be converted to cash or are not expected to be converted
to cash within the next year.
Restricted: This classification includes amounts for which constraints have been placed on the use of the
resources either (a) externally imposed by creditors, grantors, contributors, or laws or regulations of other
governments, or (b) imposed by law through constitutional provisions or enabling legislation.
City of Colleyville, Texas
Notes to the Financial Statements
39
Committed: This classification includes amounts that can be used only for specific purposes pursuant to
constraints imposed by resolution of the City Council, the City's highest level of decision-making authority.
These amounts cannot be used for any other purpose unless the Council removes or changes the
specified use by taking the same type of action that was employed when the funds were initially
committed. This classification also includes contractual obligations to the extent that existing resources
have been specifically committed for use in satisfying those contractual requirements.
Assigned: This classification includes amounts that are constrained by the City's intent to be used for a
specific purpose but are neither restricted nor committed. This is done through resolution of the City
Council. This intent can be expressed by the Finance Director.
Unassigned: This classification includes the residual fund balance for the General Fund. The unassigned
classification also includes negative residual fund balance of any other governmental fund that cannot
be eliminated by offsetting of assigned fund balance amounts.
When an expenditure is incurred for purposes for which both restricted and unrestricted fund balance is
available, the City considers restricted funds to have been spent first. When an expenditure is incurred for
which committed, assigned, or unassigned fund balances are available, the City considers amounts to
have been spent first out of committed funds, then assigned funds, and finally unassigned funds.
M. Minimum Unassigned Fund Balance
It is the goal of the City to achieve and maintain an unassigned fund balance in the General Fund equal
to three months of that year's budgeted expenditures for both the General and Utility Funds. The City
Council may declare a fiscal emergency and withdraw any amount of the unassigned General and Utility
Funds' balances for purposes of addressing the fiscal emergency. Any such action must also provide for
necessary appropriations to restore the designated fund balance to the balance within a three-year
period.
N. Net Position Flow Assumption
Sometimes the City will fund outlays for a particular purpose from both restricted (e.g., restricted bond
or grant proceeds) and unrestricted resources. In order to calculate the amounts to report as restricted
net position and unrestricted net position in the government-wide and proprietary fund financial
statements, a flow assumption must be made about the order in which the resources are considered to
be applied. It is the City's policy to consider restricted net position to have been depleted before
unrestricted net position is applied.
O. Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for
deferred outflows of resources. This separate financial statement element, deferred outflows of
resources, represents a consumption of net assets that applies to a future period(s) and so will not be
recognized as an outflow of resources (expense/expenditure) until then. The City has the following items
that qualify for reporting in this category.
Deferred charges on refunding – A deferred charge on refunding results from the difference in the
carrying value of refunded debt and its reacquisition price. This amount is deferred and amortized over
the shorter of the life of the refunded or refunding debt.
Pension/OPEB contributions after measurement date — These contributions are deferred and recognized
in the following fiscal year.
City of Colleyville, Texas
Notes to the Financial Statements
40
Difference in projected and actual earnings on pension assets and OPEB liabilities — This difference is
deferred and amortized over a closed five-year period.
Difference in expected actual pension/OPEB experience — This difference is deferred and recognized
over the estimated average remaining lives of all members determined as of the measurement date.
In addition to liabilities, the balance sheet will sometimes report a separate section for deferred inflows
of resources. This separate financial statement element, deferred inflows of resources, represents an
acquisition of net assets that applies to a future period(s) and so will not be recognized as an inflow of
resources (revenue) until that time. The government has one type of item, which arises only under a
modified accrual basis of accounting, which qualifies for reporting in this category.
Accordingly, the item, unavailable revenue, is reported only in the governmental funds balance sheet.
The governmental funds report unavailable revenues from four sources: property taxes, municipal fines
and ambulance fees, and a note payable from the component unit. These amounts are deferred and
recognized as an inflow of resources in that period that the amounts become available. The City also
had a deferred inflow of resources for the following:
Difference in projected and actual earnings on pension assets and OPEB liabilities – The difference will be
amortized over a closed five-year period.
Deferred inflows related to leases – The inflows will be recognized as they are received over the life of the
lease receivables.
P. Estimates
The preparation of financial statements, in conformity with generally accepted accounting principles,
requires management to make estimates and assumptions that affect the reported amounts of assets
and liabilities and disclosures of contingent liabilities at the date of the financial statements and the
reported amounts of revenue and expenses during the reporting period. Actual amounts could differ from
those estimates.
Q. Risk Management
Insurance coverage for property, liability and workers' compensation is provided by the Texas
Municipal League Intergovernmental Risk Pool, a state insurance pool. Contributions to the Risk Pool
for workers' compensation are based on the City's past claims history. The Risk Pool is self-sustaining
through members' contributions and maintains insurance to limit risk of loss with an external insurance
company. Settlement claims have not exceeded aggregate limits in the past three fiscal years.
City of Colleyville, Texas
Notes to the Financial Statements
41
R. Pensions
For purposes of measuring the net pension asset, pension related deferred outflows and inflows of
resources, and pension expense, City specific information about its Fiduciary Net Position in the Texas
Municipal Retirement System (TMRS) and additions to/deductions from the City's Fiduciary Net Position
have been determined on the same basis as they are reported by TMRS. For this purpose, plan
contributions are recognized in the period that compensation is reported for the employee, which is when
contributions are legally due. Benefit payments and refunds are recognized when due and payable in
accordance with the benefit terms. Investments are reported at fair value. Information regarding the
City's Net Pension Asset is obtained from TMRS through a report prepared for the City by TMRS consulting
actuary, Gabriel Roeder Smith & Company, in compliance with Governmental Accounting Standards
Board (GASB) Statement No. 68, Accounting and Financial Reporting for Pensions.
S. Other Post-Employment Benefits
For purposes of measuring the total OPEB liability, deferred outflows of resources and deferred inflows of
resources related to OPEB, and OPEB expense, information has been determined based on the City’s
actuary report. For this purpose, OPEB expense recognized each fiscal year is equal to the change in the
total OPEB liability from the beginning of the year to the end of the year, adjusted for deferred recognition
of certain changes in the liability. Benefit payments are treated as being equal to the employer’s yearly
contributions for retirees. Information regarding the City’s Total OPEB Liability is obtained from TMRS
through a report prepared for the City by TMRS consulting actuary, Gabriel Roeder Smith & Company, in
compliance with Governmental Accounting Standards Board (GASB) Statement No. 75, Accounting and
Financial Reporting for Postemployment Benefits Other Than Pensions.
T. Deficit Fund Balance
At September 30, 2025, the Grants Fund, a non-major governmental fund, had a deficit fund
balance of $72,385. The fund incurred expenditures not reimbursed under the grant agreement.
However, the City anticipates transferring funds related to the expenditures in future fiscal years.
U. Subsequent Events
The City has reviewed its financial statements and evaluated subsequent events for the period of
time from its year ended September 30, 2025 through February 10, 2026, the date the financial
statements were issued. Management is not aware of any subsequent events that would require
recognition or disclosure in the accompanying financial statements.
City of Colleyville, Texas
Notes to the Financial Statements
42
Note 2. Stewardship, Compliance and Accountability
Budgetary Information
The City Council follows these procedures in establishing budgetary data reflected in the basic financial
statements:
1. Prior to September 1, the City Manager submits to the City Council a proposed operating budget
for the fiscal year commencing the following October 1. The operating budget includes proposed
expenditures and the means of financing them.
2. Public hearings are conducted to obtain taxpayer comments.
3. Prior to September 30, the budget is legally enacted through passage of an ordinance.
4. The City Manager is authorized to transfer budgeted amounts between departments within any
fund; however, any revisions that alter the total expenditures of any fund must be approved by
the City Council.
5. Formal budgetary integration is employed as a management control device during the year for
the General, Colleyville Economic Development Fund, Crime District Fund, Debt Service, and
Enterprise Funds. Budgetary control is maintained at the fund level. Internal budgets prepared for
various boards are reviewed by the City Council for expenditures of other Special Revenue Funds.
These budgeted expenditures are not formally adopted by the City Council.
6. Budgets for the General and the Debt Service Funds are adopted on a basis consistent with
generally accepted accounting principles (GAAP). Formal budgeted amounts are as amended
by the City Council for the General, Colleyville Economic Development Fund, Crime District Fund,
Debt Service and Enterprise Funds.
7. Budgetary data for the Capital Projects Fund has not been presented in the accompanying basic
financial statements, as such funds are budgeted over the life of the respective project and not
on an annual basis. Accordingly, formal budgetary integration of the Capital Projects Fund is not
employed and comparison of actual results of operations to budgetary data for such fund is not
presented.
8. Budgetary data for the Enterprise and Drainage Utility Funds has not been presented since the
reporting on such budgets is not legally required.
Note 3. Deposits and Investments
In fiscal year 2016, the City adopted GASB Statement No. 72 (GASB 72), Fair Value Measurement and
Application. GASB 72 was issued to address accounting and financial reporting issues related to fair value
measurements.
The City categorizes its fair value measurements within the fair value hierarchy established by generally
accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair
value of the asset. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs
are significant other observable inputs; and Level 3 inputs are significant unobservable inputs.
City of Colleyville, Texas
Notes to the Financial Statements
43
As of September 30, 2025, the City held the following fair value measurements:
Value at
September 30,
2025
Level 1
Inputs Level 2 Inputs
Level 3
Inputs
Percent of
Total
Investments
City:
Cash and cash equivalents:
Cash deposits - City 13,097,588$ -$ -$ -$
Petty Cash - City 1,750
Cash deposits - trust
and agency 147,975 - - -
Investments not subject to
fair value:
Investment pools:
TexPool 25,061,450 - - - 34% 41
TexStar 13,832,259 - - - 19% 40
Texas CLASS 9,316,759 - - - 13% 43
LOGIC 1,904,278 - - - 3% 54
Investments in certificates
of deposits:
Certificates of deposits 5,599,119 - 5,599,119 - 8% 298
Investments by fair value level:
Federal Farm Credit Bonds 1,667,346 - 1,667,346 - 2% 100
Federal Home Loan Bank Bonds 3,312,853 - 3,312,853 - 4% 85
Total cash and investments
of the City 73,941,377 - 10,579,318 -
Component unit:
Cash and cash equivalents:
Cash deposits 1,073,371 - - -
Total cash and investments
of the component unit 1,073,371 - - -
Total cash and investments of the
reporting entity 75,014,748$ -$ 10,579,318$ -$
Fair Value Measurements Weighted
Average
Maturity
(Days)
The Public Funds Investment Act (Government Code Chapter 2256) contains specific provisions in the
areas of investment practices, management reports and establishment of appropriate policies. Among
other things, it requires the City to adopt, implement, and publicize an investment policy. That policy must
address the following areas: (1) safety of principal and liquidity, (2) portfolio diversification,
(3) allowable investments, (4) acceptable risk levels, (5) expected rates of return, (6) maximum allowable
stated maturity of portfolio investments, (7) maximum average dollar-weighted maturity allowed based
on the stated maturity date for the portfolio, (8) investment staff quality and capabilities, and (9) bid
solicitation preferences for certificates of deposit.
City of Colleyville, Texas
Notes to the Financial Statements
44
Statutes authorize the City to invest in (1) obligations of the U. S. Treasury, certain U. S. agencies, and the
State of Texas; (2) certificates of deposit, (3) certain municipal securities, (4) money market savings
accounts, (5) repurchase agreements, (6) bankers acceptances, (7) Mutual Funds, (8) investment pools,
(9) guaranteed investment contracts, and (10) common trust funds. The Act also requires the City to have
independent auditors perform test procedures related to investment practices as provided by the Act.
The City is in substantial compliance with the requirements of the Act and with local policies.
Investment Pools are measured at amortized cost or net asset value and are exempt from fair value
reporting and therefore have been excluded from the hierarchy. Certificates of Deposit are reported as
investments in the Statement of Net Position and are measured with Level 2 inputs on the fair value
hierarchy. U.S. Government Agency Securities classified in Level 2 of the fair value hierarchy are valued
using a matrix pricing technique. Matrix pricing is used to value securities based on the securities’
relationship to benchmark quoted prices.
The amounts for TexStar, Texas CLASS, LOGIC and TexPool (pooled investments) are reported as
investments in the Statement of Net Position.
TexPool is duly chartered and overseen by the State Comptroller’s Office, administered, and managed
by Federated Investors, Inc. State Street Bank serves as the custodial bank. The portfolio consists of
U.S. Government securities; collateralized repurchase and reverse repurchase agreements; and
AAA rated money market mutual funds.
The investment pool transacts at a net asset value of $1.00 per share, has a weighted average maturity
of 60 days or less and weighted average life of 120 days or less, investments held are highly rated by a
nationally recognized statistical rating organization, have no more than 5% of portfolio with one issuer
(excluding US government securities), and can meet reasonably foreseeable redemptions. The
investment pool has a redemption notice period of one day and no maximum transaction amounts. The
investment pools’ authorities may only impose restrictions on redemptions in the event of a general
suspension of trading on major securities market, general banking moratorium or national or state
emergency that affects the pools’ liquidity.
Texas CLASS is an external investment pool measured at fair value, i.e., net asset value. The investment
pool’s strategy is to seek preservation of principal, liquidity, and current income through investment in a
diversified portfolio of short-term marketable securities. There are no unfunded commitments related to
the investment pool. Texas CLASS has a redemption notice period of one day and may redeem daily.
The investment pool’s authorities may only impose restrictions on redemptions in the event of a general
suspension of trading on major securities market, general banking moratorium or national or state
emergency that affects the pool’s liquidity. The Texas CLASS portfolio consists of U.S. Government
securities; collateralized repurchase and reverse repurchase agreements; AAA rated money market
mutual funds; and commercial paper.
LOGIC is duly chartered by the State of Texas Interlocal Cooperation Act, is administered by Hilltop
Securities, Inc. and J.P. Morgan Investment Management, Inc. (JPMIM), and managed by JPMIM, who
provides custody and investment management.
LOGIC's investment objectives are to seek preservation of principal, liquidity, and current income through
investment in a diversified portfolio of short-term marketable securities. The portfolio will maintain a
dollar-weighted average maturity that does not exceed 60 days and seeks to maintain a net asset value
of $1.00 per share.
City of Colleyville, Texas
Notes to the Financial Statements
45
LOGIC may invest in securities including: obligations of the United States or its agencies and
instrumentalities, including the Federal Home Loan Banks; other obligations which are unconditionally
guaranteed or insured by the U.S.; fully collateralized repurchase agreements with a defined termination
date and unconditionally guaranteed or insured by the U.S. or its agencies and instrumentalities;
SEC-registered money-market fund rated in the highest rating category by at least one nationally
recognized statistical rating organization (NRSRO); and commercial paper as authorized under the Public
Funds Investment Act. The investment pool has a redemption notice period of one day and no maximum
transaction amounts. The investment pools’ authorities may only impose restrictions on redemptions in
the event of a general suspension of trading on major securities market, general banking moratorium or
national or state emergency that affects the pools’ liquidity.
TexSTAR is duly chartered by the State of Texas Interlocal Cooperation Act, is administered by Hilltop
Securities, Inc. and J.P. Morgan Investment Management, Inc. (JPMIM), and managed by JPMIM, who
provides custody and investment management.
The primary objectives of TexSTAR are, in order of priority, preservation and protection of principal,
maintenance of sufficient liquidity to meet Participants’ needs, and yield. The portfolio will maintain a
dollar-weighted average maturity that does not exceed 60 days and seeks to maintain a net asset value
of $1.00 per share. TexSTAR may invest in securities including: obligations of the United States or its
agencies and instrumentalities, including the Federal Home Loan Banks; other obligations which are
unconditionally guaranteed or insured by the U.S.; fully collateralized repurchase agreements with a
defined termination date and unconditionally guaranteed or insured by the U.S. or its agencies and
instrumentalities; and SEC-registered no-load money-market fund which meet the requirements of the
Public Funds Investment Act. The investment pool has a redemption notice period of one day and no
maximum transaction amounts. The investment pools’ authorities may only impose restrictions on
redemptions in the event of a general suspension of trading on major securities market, general banking
moratorium or national or state emergency that affects the pools’ liquidity.
Interest Rate Risk. In accordance with its investment policy, the government manages its exposure to
declines in fair market values by limiting the average dollar weighted maturity of its investment portfolios
to a maximum of 540 days.
Custodial Credit Risk. The City maintains a cash and investment pool that combines cash of the various
funds in order to maximize investment opportunities. The City's policy and state statutes require that all
deposits in financial institutions be insured by the Federal Depository Insurance Corporation (FDIC) or fully
collateralized as per the Public Funds Collateral Act. The City's deposits were fully insured or collateralized
as required by state statutes as of September 30, 2025.
Credit Risk. It is the City's policy to limit its investments to investment types with an investment quality rating
not less than A or its equivalent by a nationally recognized statistical rating organization. The City's assets
in investments meet the requirements as noted above.
City of Colleyville, Texas
Notes to the Financial Statements
46
Note 4. Receivables
Receivables as of year-end for the government's individual major funds, nonmajor funds and enterprise
funds in the aggregate, including the applicable allowances for uncollectible accounts, are as follows:
Water
Debt Capital Non-Major and Drainage
General Service Projects Governmental Sewer Fee Total
Receivables:
Accounts 597,633$ -$ 49,567$ 71,076$ 4,299,451$ 255,605$ 5,273,332$
Taxes 1,197,951 13,847 - - - - 1,211,798
Loans 107,750 - 15,134,261 - 4,000,000 - 19,242,011
Leases 24,957 - - - - - 24,957
Gross receivables 1,928,291 13,847 15,183,828 71,076 8,299,451 255,605 25,752,098
Less allowance 357,886 - - - 87,485 - 445,371
Net total
receivables 1,570,405$ 13,847$ 15,183,828$ 71,076$ 8,211,966$ 255,605$ 25,306,727$
Governmental Funds Enterprise Funds
The City's property tax is levied each October 1 on the assessed value listed as of the prior January 1 for
all real property and certain personal property located in the City. The assessed value, net of exemptions,
upon which the fiscal 2025 levy was based, was $7,413,295,246.
Property taxes are limited by the Texas constitution to $2.50 per $100 of assessed valuation and by
City Charter to $1.50 per $100 valuation. Also, the tax rate set per budget year shall not result in
property tax revenue increase greater than seven percent of the total property tax revenue collected
in the preceding budget year, adjusted for new construction, unless authorized by the voters of the
City at a special election. The combined tax rate to finance general governmental service and debt
service for the year ended September 30, 2025, was $0.276204 per $100 of assessed valuation.
Taxes are due by January 31 following the levy date. Tax collections, including related penalties
and interest, was $20,358,394 for the year ended September 30, 2025. Property taxes receivable at
September 30, 2025, were $212,039.
The appraisal of property within the City is the responsibility of a countywide appraisal City as required
by legislation passed by the Texas Legislature. The appraisal City is required under such legislation to
assess all property within the appraisal City on the basis of 100% of its appraised value and is prohibited
from applying any assessment ratios. The value of property within the appraisal City must be reviewed
every three years; however, the City may, at its own expense, require annual reviews of appraised
values. The City may challenge appraised values established by the appraisal City through various
appeals and, if necessary, legal action.
City of Colleyville, Texas
Notes to the Financial Statements
47
In 2012, the City extended a loan in the amount of $200,000 to The Londoner Pub to fund some
improvements to the restaurant. The loan, which bears no interest, was restructured in 2020 and is
receivable in monthly installments of $750. The balance of the loan was $107,750 as of
September 30, 2025.
During the year ended September 30, 2022, the primary government loaned $15,134,261 to discretely
presented component unit, Colleyville Tax Increment Financing Reinvestment Zone Number One
(the TIF), and during the year ended September 30, 2023, the City loaned an additional $4,000,000.
The purpose of the loan was to assist the TIF in cash-funding large scale capital improvements. As of
September 30, 2025, the outstanding balance was $19,134,261.
The TIF will repay the loan in installments beginning in the 2025 fiscal year, with the full balance due in
the 2028 fiscal year. The loan will bear interest at 0%.
Leases receivable – The City has entered into multiple lease agreements as lessor ranging from 4 to
30-year terms. The leases allow the right-to-use of land and cell sites to other organizations over the
term of the lease. The City receives annual or monthly payments at the interest rate stated or implied
within the leases. The interest rates for these leases are 2.32%. The City has $24.957 remaining in lease
receivables and $24,957 remaining in deferred inflows in the general fund, as of September 30, 2025.
As of September 30, 2025, the expected lease receivable receipts through the expiration of the leases
for which the City is a lessor are as follows:
Fiscal Years Ending
September 30, Principal Interest Total
2026 24,957$ 579$ 25,536$
Total 24,957$ 579$ 25,536$
Governmental Activities
City of Colleyville, Texas
Notes to the Financial Statements
48
Note 5. Capital Assets
Capital asset activity for the year ended September 30, 2025, was as follows:
Primary Government
Beginning Capital Sales or Adjustments/ Ending
Balance Acquisitions Disposals Transfers Balance
Governmental activities:
Capital assets not being depreciated/amortized:
Land 10,728,729$ -$ -$ -$ 10,728,729$
Construction-in-progress 11,553,700 3,000,764 - (7,140,195) 7,414,269
Total capital assets not
being depreciated/amortized 22,282,429 3,000,764 - (7,140,195) 18,142,998
Capital assets being depreciated/amortized:
Buildings and building improvements 65,886,767 1,487,018 - 7,140,195 74,513,980
Equipment 12,420,587 1,706,951 (10,795) - 14,116,743
Infrastructure 115,879,933 1,027,330 - - 116,907,263
Right to use lease assets - equipment 3,105,977 2,029,499 (963,343) - 4,172,133
Right to use subscription asset 441,753 - - - 441,753
Total capital assets being depreciated/amortized 197,735,017 6,250,798 (974,138) 7,140,195 210,151,872
Accumulated depreciation/amortization:
Buildings and building improvements (31,856,801) (2,517,669) - - (34,374,470)
Equipment (9,902,937) (1,520,143) 10,795 - (11,412,285)
Infrastructure (45,637,573) (2,248,916) - - (47,886,489)
Right to use lease assets - equipment (1,923,804) (1,601,268) 963,343 178,316 (2,383,413)
Right to use subscription asset (294,502) (147,251) - - (441,753)
Total accumulated depreciation/amortization (89,615,617) (8,035,247) 974,138 178,316 (96,498,410)
Total capital assets being depreciated/
amortized, net 108,119,400 (1,784,449) - 7,318,511 113,653,462
Governmental activities capital assets, net 130,401,829$ 1,216,315$ -$ 178,316$ 131,796,460$
City of Colleyville, Texas
Notes to the Financial Statements
49
Primary Government—Continued
Beginning Capital Sales or Adjustments/ Ending
Balance Acquisitions Disposals Transfers Balance
Business-Type activities:
Capital assets not being depreciated:
Land 304,839$ -$ -$ -$ 304,839$
Construction in progress 2,653,472 4,701,312 - (5,338,000) 2,016,784
Total capital assets not
being depreciated 2,958,311 4,701,312 - (5,338,000) 2,321,623
Capital assets being depreciated:
Buildings and building improvements 103,159 - - - 103,159
Equipment 3,193,968 1,129,455 (213,444) - 4,109,979
Infrastructure 91,832,453 991,473 - 5,338,000 98,161,926
Total capital assets being depreciated 95,129,580 2,120,928 (213,444) 5,338,000 102,375,064
Accumulated depreciation:
Buildings and building improvements (148,655) (3,283) - - (151,938)
Equipment (2,334,963) (333,074) 205,200 - (2,462,837)
Infrastructure (50,892,349) (2,167,299) - - (53,059,648)
Total accumulated depreciation (53,375,967) (2,503,656) 205,200 - (55,674,423)
Total capital assets being depreciated, net 41,753,613 (382,728) (8,244) 5,338,000 46,700,641
Business type activities capital assets, net 44,711,924$ 4,318,584$ (8,244)$ -$ 49,022,264$
Component Unit
Beginning Capital Sales or Adjustments/ Ending
Balance Acquisitions Disposals Transfers Balance
Component unit activities:
Capital assets not being depreciated:
Land 17,104,291$ -$ -$ -$ 17,104,291$
Construction-in-progress 9,209,729 4,804,286 - (8,505,951) 5,508,064
Total capital assets not
being depreciated 26,314,020 4,804,286 - (8,505,951) 22,612,355
Capital assets being depreciated:
Infrastructure 53,128,742 290,542 - 8,505,951 61,925,235
Right to use leased assets 305,652 392,940 - - 698,592
Total capital assets being depreciated 53,434,394 683,482 - 8,505,951 62,623,827
Accumulated depreciation:
Infrastructure (7,300,583) (2,824,201) - - (10,124,784)
Right to use leased assets (261,194) (101,613) - - (362,807)
Total accumulated depreciation (7,561,777) (2,925,814) - - (10,487,591)
Total capital assets being depreciated, net 45,872,617 (2,242,332) - 8,505,951 52,136,236
Component unit activities capital assets, net 72,186,637$ 2,561,954$ -$ -$ 74,748,591$
City of Colleyville, Texas
Notes to the Financial Statements
50
Depreciation and amortization expense was charged to functions/programs of the primary
government as follows:
Governmental activities:
General government 1,481,587$
Public safety 2,184,765
Public works 2,314,625
Culture and recreation 2,054,270
Total depreciation and amortization
expense - governmental activities 8,035,247$
Business-type activities:
Water and sewer 2,322,730$
Drainage utility 180,926
Total depreciation and amortization
expense - business-type activities 2,503,656$
Construction Commitments
The government has active construction projects as of September 30, 2025. The major projects are listed
as follows:
Remaining
Project Spent-to-date Commitment
Bedford Road Trail 57,650$ 67,350$
Bedford & Cheeksparger Roundabout 84,000 68,000
Bransford Road Trail 188,608 777,236
Bridge Structure Repair 59,317 -
Central Fire Station training facility 128,070 38,600
Cheeksparger Heritage to Bedford 360,000 483,000
Colleyville Center Interior Renovation Design 118,443 250,000
Drainage Master Plan 298,253 -
FY25 Ladder Truck 2,025,328 -
2026 Spartan Engine 1,219,659 -
FY23 Green Ribbon Grant Projects 151,474 23,046
Hall Johnson Water Tower Rehab 122,615 1,310,000
Heritage Ave Right Turn Lane 72,925 36,364
Heroes Park 3,572,870 4,214,294
ILA Fiber Project 16,862 283,138
Jackson Road Bridge water/waste water lines 282,377 39,408
John McCain Culvert 137,727 2,853
Justice Center Build Up Roof Replacement 16,769 256,731
Loggia Fountain 53,983 50,000
Pastoral Gateway Signage 5,350 69,000
Preston Manor Valve Vault 98,407 -
Recreation Center HVAC 100,867 -
Recreation Center HVAC Replacement Ph1 5,000 306,500
Recreation Center N Gym Athletic Equipment 191,713 103,287
Recreation Center Ph2 710,908 291,774
Roberts Road Reconstruction 1,546,341 94,566
Senior Center Open Space Design 15,095 -
SH26 Median Electrical 438,330 165,417
Small Sidewalk Segments/Trails 727,668 268,362
Tinker Road Reconstruction 2,035,831 750,259
Wayfinding Signage 96,677 243,091
Total 14,939,117$ 10,192,276$
City of Colleyville, Texas
Notes to the Financial Statements
51
Note 6. Interfund Transactions
Interfund balances reflect payments made by one fund on behalf of another fund for which cash
settlement has not been made as of the end of the accounting period. As of September 30, 2025,
interfund balances outstanding were as follows:
General Total
Due From
Capital Projects 2,800,000$ 2,800,000$
Nonmajor governmental funds 10,000 10,000
Total 2,810,000$ 2,810,000$
Due to
The composition of interfund transfers as of September 30, 2025, is as follows:
Nonmajor
Capital Governmental
General Debt Service Projects Funds Total
Transfer out:
General fund -$ 552,000$ 2,170,140$ 617,000$ 3,339,140$
Nonmajor governmental funds - - - 25,000 25,000
Water and wastewater 434,663 - - - 434,663
Total 434,663$ 552,000$ 2,170,140$ 642,000$ 3,798,803$
Transfer in
The most significant interfund transfers include the transfers of $617,000, $2,170,140, and $552,000 from
the General Fund to the non-major funds, capital projects, and the debt Service fund, respectively,
which represent transfers for capital replacement.
The $434,663 from the water and wastewater fund to the General Fund for the fund’s share of
administrative expenses.
Note 7. Long-term Liabilities
General Obligation Bonds
The government issues general obligation bonds to provide funds for the acquisition and construction
of major capital facilities. General obligation bonds have been issued for governmental activities. The
original amount of general obligation bonds issued in prior years was $35,540,000.
General obligation bonds are direct obligations and pledge the full faith and credit of the
government. These bonds generally are issued as 20-year serial bonds with equal amounts of principal
maturing each year.
City of Colleyville, Texas
Notes to the Financial Statements
52
Long-term liability activity for the year ended September 30, 2025, was as follows:
Amount
Beginning Ending Due within
Balance Additions Reductions Balance One Year
Governmental activities:
General obligation bonds and
certificates of obligation 11,370,000$ -$ (510,000)$ 10,860,000$ 520,000$
Bond premiums 244,798 - (32,555) 212,243 -
Financed purchase liabilities 3,677,758 - (368,418) 3,309,340 433,104
Lease liabilities 149,692 56,751 (56,583) 149,860 56,604
Subscription liabilities 144,914 - (144,914) - -
Compensated absences 2,432,190 890,194 (628,440) 2,693,944 367,787
Net pension liability 3,135,576 - (1,247,049) 1,888,527 -
Total OPEB liability 555,534 - (905) 554,629 -
Total governmental activities 21,710,462$ 946,945$ (2,988,864)$ 19,668,543$ 1,377,495$
Amount
Beginning Ending Due within
Balance Additions Reductions Balance One Year
Business-type activities:
Compensated absences 388,325$ 94,630$ (98,248)$ 384,707$ 110,611$
Net pension liability 452,039 - (179,780) 272,259 -
Total OPEB liability 80,088 - (131) 79,957 -
Total business-type activities 920,452$ 94,630$ (278,159)$ 736,923$ 110,611$
For the governmental activities, compensated absences are generally liquidated by the General Fund.
Amount
Beginning Ending Due within
Balance Additions Reductions Balance One Year
Component unit activities
Loans payable 19,134,261$ -$ -$ 19,134,261$ -$
Compensated absences - 9,228 - 9,228 9,228
Lease liabilities 41,670 392,940 (83,367) 351,243 65,345
Total component unit activities 19,175,931$ 402,168$ (83,367)$ 19,494,732$ 74,573$
Long-term liabilities at September 30, 2025, consisted of the following:
Final Interest
General Obligation Bonds and Certificates of Obligation Maturity Rates Governmental
$6,225,000 Series 2016, General Obligation Refunding Bonds 2027 2.0 - 3.0% 940,000$
$10,030,000 Series 2022, Certificate of Obligation 2042 5.00% 9,920,000
10,860,000$
The ordinances authorizing the issuance of Waterworks and Wastewater System Revenue Bonds
created the Interest and Sinking Fund and Reserve Fund. The gross revenue of the waterworks and
wastewater system, after deduction of reasonable expenses of operations and maintenance, are
pledged to such funds in amounts equal to the total annual principal and interest requirements of the
bonds and amounts required to maintain the Reserve Fund. At September 30, 2025, the City was in
compliance with these requirements.
City of Colleyville, Texas
Notes to the Financial Statements
53
Governmental-type Activities
General Obligation Bonds and Certificates of Obligation
Governmental Activities
Fiscal Years Ending
September 30, Principal Interest Total
2026 520,000$ 431,075$ 951,075$
2027 530,000 418,925 948,925
2028 475,000 400,925 875,925
2029 495,000 376,675 871,675
2030 520,000 351,300 871,300
2031-2035 2,985,000 1,377,650 4,362,650
2036-2040 3,655,000 713,100 4,368,100
2041-2042 1,680,000 67,800 1,747,800
Total 10,860,000$ 4,137,450$ 14,997,450$
Financed Purchases
The City is a lessee for a noncancellable financed purchases of equipment whose terms range from
3 to 5 years and incur interest at rates between 2.69% and 3.69%. The financed purchase liabilities
totaled $3,309,340 as of September 30, 2025.
The future minimum financed purchase obligations and the net present value of these minimum
payments as of September 30, 2025, were as follows:
Governmental Activities
Fiscal Years Ending
September 30, Principal Interest Total
2026 433,104$ 182,565$ 615,669$
2027 418,357 148,896 567,253
2028 440,280 126,972 567,252
2029 463,358 103,896 567,254
2030 487,649 79,603 567,252
2031-2033 1,066,592 95,029 1,161,621
Total 3,309,340$ 736,961$ 4,046,301$
City of Colleyville, Texas
Notes to the Financial Statements
54
Lease Liabilities
The City is a lessee for several noncancellable leases of equipment whose terms last three to six years,
bearing interest at their implicit rate of 2.32% Effective October 1, 2021, the City implemented GASB
Statement No. 87, Leases. At implementation of this statement, the City initially measured the lease liability
at the present value of payments expected to be made during the remaining lease term. The annual
requirements to amortize lease liabilities outstanding at September 30, 2025 are as follows:
Fiscal Years Ending
September 30, Principal Interest Total
2026 56,604$ 3,477$ 60,081$
2027 53,579 2,164 55,743
2028 34,809 921 35,730
2029 4,868 113 4,981
Total 149,860$ 6,675$ 156,535$
Governmental Activities
The underlying assets related to the financed purchases are classified as machinery and equipment. The
amortized value of the right-to-use assets as of the end of the current fiscal year was $2,124,505. Lease
amortization expense has been included in depreciation/amortization expense for the year ended
September 30, 2025.
Lease Liabilities of the TIF
The TIF is a lessee for a noncancellable lease of property that bears interest at 2.32% for its five year term.
Effective October 1, 2021, the City implemented GASB Statement No. 87, Leases. At implementation of
this statement, the City initially measured the lease liability at the present value of payments expected to
be made during the remaining lease term. The annual requirements to amortize lease liabilities
outstanding at September 30, 2025 are as follows:
Fiscal Years Ending
September 30, Principal Interest Total
2026 65,345$ 7,467$ 72,812$
2027 71,113 5,891 77,004
2028 77,187 4,177 81,364
2029 83,435 2,457 85,892
2030 54,163 611 54,774
Total 351,243$ 20,603$ 371,846$
Governmental Activities
City of Colleyville, Texas
Notes to the Financial Statements
55
Note 8. Pension Plans
Plan Descriptions
The City participates as one of 934 plans in the defined benefit cash-balance plan administered by the
Texas Municipal Retirement System (TMRS). TMRS is a statewide public retirement plan created by the
State of Texas and administered in accordance with the TMRS Act, Subtitle G, Title 8, Texas Government
Code (the TMRS Act) as an agent multiple-employer retirement system for employees of Texas
participating cities. The TMRS Act places the general administration and management of TMRS with a
six-member, Governor-appointed Board of Trustees; however, TMRS is not fiscally dependent on the State
of Texas. TMRS issues a publicly available Comprehensive Annual Financial Report (Annual Report) that
can be obtained at tmrs.com.
All eligible employees of the City are required to participate in TMRS.
Benefits Provided
TMRS provides retirement, disability, and death benefits. Benefit provisions are adopted by the
governing body of the City, within the options available in the state statutes governing TMRS.
At retirement, the benefit is calculated as if the sum of the employee's contributions, with interest, and
the City-financed monetary credits with interest were used to purchase an annuity. Members may
choose to receive their retirement benefit in one of seven payments options. Members may also
choose to receive a portion of their benefit as a Partial Lump Sum Distribution in an amount equal to
12, 24, or 36 monthly payments, which cannot exceed 75% of the member's deposits and interest.
A summary of plan provisions for the City are as follows:
Employee deposit rate 7%
Matching ratio (City to employee) 2 to 1
Years required for vesting 5
Service retirement eligibility Twenty years to any age, five
years at age 60 and above
Updated service credit 100% repeating, transfers
Annuity increase to retirees 0% of CPI
Employees Covered by Benefit Terms
At the December 31, 2024 valuation and measurement date, the following employees were covered
by the benefit –terms:
Inactive employees or beneficiaries currently receiving benefits 192
Inactive employees entitled to but not yet receiving benefits 178
Active employees 207
577
City of Colleyville, Texas
Notes to the Financial Statements
56
Contributions
The contribution rates for employees in TMRS are either 5%, 6%, or 7% of employee gross earnings, and
the City matching percentages are with 100%, 150%, or 200%, both as adopted by the governing body
of the City. Under the state law governing TMRS, the contributions rate for each city is determined
annually by the actuary, using the Entry Age Normal (EAN) actuarial cost method. The actuarially
determined rate is the estimated amount necessary to finance the cost of benefits earned by
employees during the year, with an additional amount to finance any unfunded accrued liability.
Employees for the City were required to contribute 7% of their annual gross earnings during the fiscal
year. The contribution rates for the City were 10.52% and 11.01% in calendar years 2024 and 2025,
respectively. The city's contributions to TMRS for the year ended September 30, 2025, were $2,000,131
and were equal to the required contributions.
Net Pension Liability/(Asset)
The City's Net Pension Liability/(Asset) was measured as of December 31, 2024, and the Total Pension
Liability/(Asset) used to calculate the Net Pension Liability/(Asset) was determined by an actuarial
valuation as of that date.
Actuarial Assumptions
The Total Pension Liability/(Asset) in the December 31, 2024 actuarial valuation was determined using
the following actuarial assumptions:
Inflation 2.5% per year
Overall payroll growth 2.75% per year, adjusted down for population declines, if any
Investment rate of return 6.75%, net of pension plan investment expense, including inflation
Salary increases are based on a service-related table. Mortality rates for active members are based
on the PUB(10) mortality tables with the Public Safety table used for males and the General Employee
table used for females. Mortality rates for healthy retirees and beneficiaries are based on the
Gender-distinct 2019 Municipal Retirees of Texas mortality tables. Male rates are multiplied by 103%
and female rates are multiplied by 105%. The rates for actives, healthy retirees and beneficiaries are
projected on a fully generational basis by Scale UMP to account for future mortality improvements.
For disabled annuitants, the same mortality tables for healthy retirees are used with a 4- year set-
forward for males and a 3-year set-forward for females. In addition, a 3.5% and 3.0% minimum mortality
rate is applied, for males and females respectively, to reflect the impairment for younger members
who become disabled. The rates are projected on a fully generational basis by Scale UMP to account
for future mortality improvements subject to the floor.
The actuarial assumptions were developed primarily from the actuarial investigation of the experience
of TMRS over the four-year period from December 31, 2018 to December 31, 2022. The assumptions
were adopted in 2023 and first used in the December 31, 2023, actuarial valuation. The post-retirement
mortality assumption for Annuity Purchase Rates (APRs) is based on the Mortality Experience
Investigation Study covering 2009 through 2011 and dated December 31, 2013. Plan assets are
managed on a total return basis with an emphasis on both capital appreciation as well as the
production of income to satisfy the short-term and long-term funding needs of TMRS.
City of Colleyville, Texas
Notes to the Financial Statements
57
The long-term expected rate of return on pension plan investments was determined using a building-
block method in which best estimate ranges of expected future real rates of return (expected returns,
net of pension plan investment expenses and inflation) are developed for each major asset class.
These rangers are combined to produce the long-term expected rate of return by weighting the
expected future real rates of return by the target asset allocation percentage and by adding
expected inflation. In determining their best estimate of a recommended investment return
assumption under the various alternative asset allocation portfolios, GRS focused on the area between
(1) arithmetic mean (aggressive) without an adjustment for time (conservative) and (2) the geometric
mean (conservative) with an adjustment for time (aggressive). The target allocation and best
estimates of arithmetic real rates of return for each major assets class in fiscal year 2025 are summarized
in the following table:
Target Long-Term Expected Real
Asset Class Allocation Rate of Return (Arithmetic)
Global Public Equity 35.0% 7.10%
Core Fixed Income 6.0% 5.00%
Non-Core Fixed Income 6.0% 6.80%
Hedge Funds 5.0% 6.40%
Private Equity 13.0% 8.50%
Private Debt 13.0% 8.20%
Real Estate 12.0% 6.70%
Infrastructure 6.0% 6.00%
Other Public and Private Markets 4.0% 7.30%
Total 100.0%
Discount Rate
The discount rate used to measure the Total Pension Liability/(Asset) was 6.75%. The projection of cash
flows used to determine the discount rate assumed that employee and employer contributions will be
made at the rates specified in statue. Based on that assumption, the pension plan's Fiduciary Net
Position was projected to be available to make all projected future benefit payments of current active
and inactive employees. Therefore, the long-term expected rate of return on pension plan investments
was applied to all period of projected benefit payments to determine the Total Pension
Liability/(Asset).
City of Colleyville, Texas
Notes to the Financial Statements
58
Changes in the Net Pension Liability/(Asset)
Total Plan Net
Pension Fiduciary Pension
Liability(Asset) Net Position Liability(Asset)
(a) (b) (a) - (b)
Balance at December 31, 2023 82,593,915$ 79,006,300$ 3,587,615$
Changes for the year:
Service cost 3,106,668 - 3,106,668
Interest 5,558,861 - 5,558,861
Change of benefit terms - - -
Difference between expected and
actual experience 1,333,084 - 1,333,084
Changes of assumptions - - -
Contributions - employer - 1,943,093 (1,943,093)
Contributions - employee - 1,330,886 (1,330,886)
Net investment income - 8,205,343 (8,205,343)
Benefit payments, including refunds
of employee contributions (3,587,510) (3,587,510) -
Administrative expense - (52,648) 52,648
Other changes - (1,232) 1,232
Net changes 6,411,103 7,837,932 (1,426,829)
Balance at December 31, 2024 89,005,018$ 86,844,232$ 2,160,786$
Increase (Decrease)
The following presents the net pension liability/(asset) of the City, calculated using the discount rate of
6.75%, as well as what the City's net pension liability would be if it were calculated using a discount
rate that is one-percentage-point lower (5.75%) or one-percentage-higher (7.75%) than the current rate:
1% Decrease 1% Increase
in Discount Discount in Discount
Rate (5.75%) Rate (6.75%) Rate (7.75%)
Net pension liability(asset) 14,307,825$ 2,160,786$ (7,875,441)$
Pension Plan Fiduciary Net Position
Detailed information about the pension plan's Fiduciary Net Position is available in a separately issued
TMRS financial report. The report may be obtained on the Internet at www.tmrs.org.
Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to
Pensions.
For the year ended September 30, 2025, the City recognized pension expense of $2,509,189. The General
Fund, Capital Projects Fund, Colleyville Economic Development Fund, Water and Sewer Fund, Drainage
Utility Fund, Crime City Fund, and Juvenile Case Manager Fund have been used to liquidate pension
liabilities.
City of Colleyville, Texas
Notes to the Financial Statements
59
At September 30, 2025, the City reported deferred outflows of resources and deferred inflows of resources
related to pensions from the following sources:
Deferred Deferred
Outflows of Inflows of
Resources Resources
Differences between expected and actual economic experience 1,169,044$ 49,470$
Changes in actuarial assumptions - 70,059
Difference between projected and actual investment earnings - 889,497
Contributions subsequent to the measurement date 1,534,807 -
Total 2,703,851$ 1,009,026$
$1,534,807 reported as deferred outflows of resources related to pensions resulting from contributions
subsequent to the measurement date will be recognized as a reduction of the Net Pension Liability for
the year ending September 30, 2026. Other amounts reported as deferred outflows and inflows of
resources related to pensions will be recognized in pension expense as follows:
Fiscal
Net Deferred
Outflows
Years Ended (Inflows) of
December 30, Resources
2025 502,270$
2026 1,366,581
2027 (1,134,351)
2028 (574,482)
Total 160,018$
Note 9. Other Postemployment Benefits
Plan Description
The City also participates in the cost sharing multiple-employer defined benefit group-term life
insurance plan operated by the TMRS known as the Supplemental Death Benefits Fund (SDBF). The City
elected, by ordinance, to provide group-term life insurance coverage to both current and retired
employees. The City may terminate coverage under and discontinue participation in the SDBF by
adopting an ordinance before November 1 of any year to be effective the following January 1.
The death benefit for active employees provides a lump-sum payment approximately equal to the
employee’s annual salary (calculated based on the employee’s actual earnings, for the 12-month
period preceding the month of death); retired employees are insured for $7,500; this coverage is an
“other post-employment benefit,” or OPEB.
City of Colleyville, Texas
Notes to the Financial Statements
60
Membership in the plan at December 31, 2024, the date of the latest actuarial valuation, consists of
the following:
Inactive employees currently receiving benefits 117
Inactive employees entitled to but not yet receiving benefits 29
Active employees 207
Total 353
Valuation of Assets
For purposes of calculating the Total OPEB Liability, the plan is considered to be unfunded and
therefore no assets are accumulated for OPEB.
Actuarial Assumptions:
The OPEB Liability in the December 31, 2024 actuarial valuation was determined using the following
actuarial assumptions:
Inflation 2.50%
Salary increases 3.60% to 11.85% including inflation
Discount rate 4.08%
Salary increases were based on a service-related table. Mortality rates for active members are based
on the PUB(10) mortality tables with the Public Safety table used for males and the General Employee
table used for females. Mortality rates for healthy retirees and beneficiaries are based on the Gender-
distinct 2019 Municipal Retirees of Texas mortality tables. The rates for actives, healthy retirees and
beneficiaries are projected on a fully generational basis by Scale UMP to account for future mortality
improvements. For disabled annuitants, the same mortality tables for healthy retirees is used with a
four-year set-forward for males and a 3-year set-forward for females. In addition, a 3.5% and 3.0%
minimum mortality rate is applied, for males and females respectively, to reflect the impairment for
younger members who become disabled. The rates are projected on a fully generational basis by
Scale UMP to account for future mortality improvements subject to the floor.
The actuarial assumptions were developed primarily from the actuarial investigation of the experience
of TMRS over the period from December 31, 2018 to December 31, 2022. The assumptions were
adopted in 2023 and first used in the December 31, 2023, actuarial valuation.
City of Colleyville, Texas
Notes to the Financial Statements
61
Discount Rate
Because the Supplemental Death Benefits Fund is considered an unfunded trust under GASB
Statement No. 75, the relevant discount rate for calculating the Total OPEB Liability is based on the
Bond Buyer “20-Bond GO Index” rate closest to, but not later than December 31, 2024.
OPEB
Liability
Balance at December 31, 2023 635,622$
Changes for the year:
Service cost 28,518
Interest 24,142
Change of benefit terms -
Difference between expected and
actual experience (1,100)
Changes of assumptions (33,583)
Benefit payments, including refunds
of employee contributions (19,013)
Net changes (1,036)
Balance at December 31, 2024 634,586$
The following presents the OPEB liability of the City, calculated using the discount rate of 4.08%, as well
as what the City's net pension liability would be if it were calculated using a discount rate that is
one-percentage-point lower (3.08%) or one-percentage-higher (5.08%) than the current rate:
1% Decrease in
Discount Discount
1% Increase in
Discount
3.08% Rate 4.08% 5.08%
Total OPEB liability 753,030$ 634,586$ 541,413$
OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB.
For the year ended September 30, 2025, the City recognized OPEB expense of $30,870. The General
Fund, Capital Projects Fund, Colleyville Economic Development Fund, Water and Sewer Fund,
Drainage Utility Fund, Crime City Fund, and Juvenile Case Manager Fund have been used to liquidate
OPEB liabilities.
City of Colleyville, Texas
Notes to the Financial Statements
62
At September 30, 2025, the City reported deferred outflows of resources and deferred inflows of
resources related to OPEB from the following sources:
Deferred Outflows
of Resources
Deferred Inflows
of Resources
Differences between expected and actual experience -$ 12,740$
Changes in assumptions and other inputs - 117,945
Contributions made subsequent to measurement date 13,940 -
Total 13,940$ 130,685$
$13,940 reported as deferred outflows of resources related to OPEB resulting from contributions
subsequent to the measurement date will be recognized as a reduction of the Net OPEB Liability for
the year ending September 30, 2026. Other amounts reported as deferred outflows and inflows of
resources related to OPEB will be recognized in pension expense as follows:
Net Deferred
Outflows
Years Ending (Inflows) of
December 30, Resources
2025 (28,212)$
2026 (47,039)
2027 (49,474)
2028 (3,457)
2029 (2,503)
Total (130,685)$
Note 10. Water and Wastewater Contracts
The City has two contracts with the Trinity River Authority of Texas (TRA) for the purchase of treated
water and for the transportation, treatment and disposal of sanitary sewage and other waste. The
initial term of the contracts are 35 years (water – April 2014) and 50 years (wastewater – November
2023), however both contain language that they will continue in effect until all related bonds and
refunding bonds in lieu of debt have been paid. While the provisions of each of the contracts vary,
each contract basically requires the City to pay varying amounts based on the costs associated with
water purchased and sewage transported and/or treated and disposed. The cost includes the City's
proportionate share of TRA's operating and maintenance expenses, related debt service costs, and
certain other miscellaneous charges. Purchases of treated water and charges for the transportation,
treatment and disposal of sewage and other wastes during fiscal year 2025 amounted to
approximately $13,588,579 and $4,078,983, respectively.
Note 11. Contingent Liabilities
The City has been named as a defendant or co-defendant in a number of legal actions. While the
outcome of all cases is not known at this time, City management has recorded an estimate for losses
that have been determined to be probable. Management believes that the resolution of these matters
will not have a material adverse effect on the financial condition of the City government.
City of Colleyville, Texas
Notes to the Financial Statements
63
Note 12. Risk Financing and Insurance
The City is exposed to various risks of loss related to torts, theft of, damage to, and destruction of assets;
errors and omissions; injuries to employees; and natural disasters. During the fiscal year 1974, the City
joined the Texas Municipal League Workers Compensation Joint Insurance Fund for risks related to
employees. During the fiscal year 1992, the City joined the Texas Municipal League Joint Insurance
Fund for risks related to general liability, property and errors and omissions. Premiums are paid to the
Pool, which retains a limit of loss. Reinsurance companies insure the risks beyond those limits. The City
retains, as a risk, only the deductible amount of each policy. There have been no significant reductions
in insurance coverage and no settlements exceeded insurance coverage in the past three fiscal years.
Note 13. Tax Abatements
The City negotiates Chapter 380 sales tax rebate agreements on an individual basis. The City has tax
rebate agreements with one entity as of September 30, 2025. The agreement states that the company
desires to purchase and use new building materials within the City to generate additional sales and
use tax revenue for the City. There were no sales taxes rebated under this agreement for the year
ended September 30, 2025.
Note 14. New Accounting Pronouncements
The GASB pronouncements effective in fiscal year 2025 and future fiscal years are listed as follows:
GASB Statement No. 101, Compensated Absences, will better meet the information needs of financial
statement users by updating the recognition and measurement guidance for compensated
absences. The objective is achieved by aligning the recognition and measurement guidance under
a unified model and by amending certain previously required disclosures. The requirements of this
Statement are effective for fiscal years beginning after December 15, 2023, and all reporting periods
thereafter. GASB 101 was implemented in the fiscal year 2025 financial statements with no impact to
amounts previously reported.
GASB Statement No. 102, Certain Risk Disclosures, (GASB 102), improves financial reporting by providing
users of financial statements with essential information regarding certain concentrations of constraints
and related events that have occurred or have begun to occur that make a government vulnerable
to a substantial impact. The requirements of this statement are effective for reporting periods
beginning after June 15, 2024, with earlier application encouraged. GASB 102 was implemented in
the District’s fiscal year 2025 financial statements with no impact to amounts or disclosures previously
reported.
City of Colleyville, Texas
Notes to the Financial Statements
64
GASB Statement No. 103, Financial Reporting Model Improvements, (GASB 103), establishes new
accounting and financial reporting requirements – or modifies existing requirements – related to the
following:
- Management’s discussion & analysis
- Unusual or infrequent items
- Presentation of the proprietary fund statements of revenues, expenses, and changes in fund
net position
- Information about major component units in basic financial statements
- Budgetary comparison information
- Financial trends information in the statistical section
The requirements of this statement are effective for reporting periods beginning after June 15, 2025.
GASB 103 will be implemented in the City’s fiscal year 2026 financial statements and the impact has
not yet been determined.
GASB Statement No. 104, Disclosures of Certain Capital Assets, (GASB 104), establishes requirements
for certain types of capital assets to be disclosed separately in the capital assets note disclosures. It
also establishes requirements for capital assets held for sale, including additional disclosures for those
capital assets. The requirements of this statement are effective for reporting periods beginning after
June 15, 2025, with earlier application encouraged. GASB 104 will be implemented in the City’s fiscal
year 2026 financial statements and the impact has not yet been determined.
GASB Statement No. 105, Subsequent Events (GASB 105), improves financial reporting related to
subsequent events by 1) clarifying the subsequent events time frame and the subsequent events that
constitute recognized and non-recognized events and 2) specifies the information items that are
required to be disclosed about subsequent events. The requirements of this statement are effective
for reporting periods beginning after June 15, 2026, with earlier application encouraged. GASB 105 will
be implemented in the City’s fiscal year 2027 financial statements and the impact has not yet been
determined.
65
Required Supplementary Information
66
This Page Intentionally Left Blank
City of Colleyville, Texas
General Fund
Budgetary Comparison Schedule (GAAP Basis)
For the Fiscal Year Ended September 30, 2025
See Notes to the Budgetary Comparison Schedules
67
Variance with
Final Budget -
Positive
Original Final Actual (Negative)
REVENUES
Taxes 25,661,223$ 25,661,223$ 26,097,635$ 436,412$
Fines and forfeitures 580,820 580,820 641,742 60,922
Licenses, permits and fees 752,000 752,000 1,005,726 253,726
Intergovernmental 235,000 235,000 235,000 -
Charges for services 1,611,565 1,611,565 1,848,056 236,491
Investment earnings 300,000 300,000 857,338 557,338
Miscellaneous 60,100 60,100 82,084 21,984
Total revenues 29,200,708 29,200,708 30,767,581 1,566,873
EXPENDITURES
Current:
General government 6,098,317 6,085,427 5,980,348 105,079
Community development and engineering 1,794,434 1,794,434 1,829,395 (34,961)
Fire and rescue 7,665,838 7,665,838 8,061,322 (395,484)
Leisure services 3,016,594 2,984,994 3,079,976 (94,982)
Maintenance 1,029,218 1,029,218 1,070,984 (41,766)
Municipal court 762,217 762,217 760,669 1,548
Police services 6,338,348 6,338,348 5,991,466 346,882
Streets and drainage 1,153,418 1,150,318 1,024,584 125,734
Capital outlay - 47,590 110,311 (62,721)
Total expenditures 27,858,384 27,858,384 27,909,055 (50,671)
Excess of revenues over expenditures 1,342,324 1,342,324 2,858,526 1,516,202
OTHER FINANCING SOURCES (USES)
Issuance of leases - - 56,751 56,751
Proceeds from the sale of property 20,000 20,000 16,245 (3,755)
Transfers in - 434,662 434,663 1
Transfers out - (2,669,000) (3,339,140) (670,140)
Total other financing sources (uses) 20,000 (2,214,338) (2,831,481) (617,143)
Net change in fund balance 1,362,324 (872,014) 27,045 899,059
Fund balance, beginning of year 8,543,650 8,543,650 8,543,650 -
FUND BALANCE, end of year 9,905,974$ 7,671,636$ 8,570,695$ 899,059$
Budgeted Amounts
City of Colleyville, Texas
Colleyville Economic Development Fund
Budgetary Comparison Schedule (GAAP Basis)
For the Fiscal Year Ended September 30, 2025
68
Variance with
Final Budget -
Positive
Original Final Actual (Negative)
REVENUES
Taxes 2,600,000$ 2,600,000$ 2,789,787$ 189,787$
Investment earnings 60,000 60,000 209,442 149,442
Total revenues 2,660,000 2,660,000 2,999,229 339,229
EXPENDITURES
General government 316,000 316,000 357,866 (41,866)
Leisure services 1,887,585 1,887,585 1,798,019 89,566
Capital outlay 1,164,400 1,164,400 664,840 499,560
Total expenditures 3,367,985 3,367,985 2,820,725 547,260
Excess (deficiency) of revenues
over (under) expenditures (707,985) (707,985) 178,504 886,489
Net change in fund balance (707,985) (707,985) 178,504 886,489
Fund balance, beginning of year 7,352,205 7,352,205 7,352,205 -
FUND BALANCE, end of year 6,644,220$ 6,644,220$ 7,530,709$ 886,489$
Budgeted Amounts
City of Colleyville, Texas
Notes to the Budgetary Comparison Schedules
For the Fiscal Year Ended September 30, 2025
69
Budgetary Data
The City Council adheres to the following procedures in establishing the budgets reflected in the financial
statements:
1. Prior to September 1, the City Manager submits to the City Council a proposed operating budget
for the fiscal year commencing the following October 1. The operating budget includes proposed
expenditures and the means of financing them.
2. Public hearings are conducted to obtain taxpayers' comments.
3. Prior to September 30, the budget is legally enacted through passage of an ordinance.
4. Annual budgets are legally adopted for the General Fund, Debt Service Fund, the Colleyville
Economic Development Fund, and the Crime City Fund all on a basis consistent with accounting
principles generally accepted in the United States of America. Formal budgetary integration is not
employed for Proprietary Funds. However, the City does adopt an annual budget for those funds
for managerial control. Budgetary data for the Capital Projects Fund has not been presented in
the budgetary comparison schedules, as such funds are budgeted over the life of the respective
project and not on an annual basis. Accordingly, formal budgetary integration is not employed
for the Capital Projects Funds.
5. The City Manager is authorized to transfer budgeted amounts between departments within any
fund; however, any revisions that alter the total expenditures of any fund must be approved by
the City Council.
6. Expenditures in excess of appropriations for the year ended September 30, 2025 were:
General Fund:
Community development ($34,961)
Fire and rescue ($395,484)
Leisure services ($94,982)
Maintenance ($41,766)
Capital Outlay ($62,271)
The General Fund community development and engineering expenditures exceeded
appropriations by $34,961 due to higher than anticipated costs for materials testing on
construction projects.
The General Fund fire and rescue expenditures exceeded appropriations by $395,484 due to
overtime paid to cover personnel shortage and a vehicle maintenance settlement paid that
was not budgeted.
The General Fund leisure services expenditures exceeded appropriations by $94,982 due to
unbudgeted expenditures for unforeseen maintenance and repairs as well as additional
personnel expenditures.
The General Fund maintenance expenditures exceeded appropriations by $41,766 due to
emergency repairs for a water leak and HVAC repairs at the recreation center.
The General Fund capital outlay expenditures exceeded appropriations by $62,721due to
unforeseen replacement of a damaged statue.
City of Colleyville, Texas
Schedule of Changes in Net Pension Liability
and Related Ratios
Texas Municipal Retirement System
Last Ten Measurement Years
70
Measurement Measurement Measurement Measurement Measurement Measurement Measurement Measurement Measurement Measurement
Year Year Year Year Year Year Year Year Year Year
2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Total pension liability:
Service cost 3,106,668$ 2,780,642$ 2,493,304$ 2,348,736$ 2,314,748$ 2,114,121$ 2,067,935$ 2,045,941$ 1,920,420$ 1,820,192$
Interest 5,558,861 5,221,609 4,944,165 4,647,079 4,338,383 4,016,942 3,748,186 3,528,308 3,302,291 3,149,676
Changes of benefit terms - - - - - - - - - -
Difference between expected and actual
experience 1,333,084 549,986 (264,558) 375,286 897,140 943,948 713,928 19,139 205,568 (55,444)
Change in assumptions - (162,243) - - - 282,429 - - - 937,119
Benefit payments, including refunds of
employee contributions (3,587,510) (3,525,849) (2,886,767) (3,197,440) (2,790,558) (2,600,777) (2,542,340) (2,151,523) (2,133,755) (1,814,665)
Net change in total pension liability 6,411,103 4,864,145 4,286,144 4,173,661 4,759,713 4,756,663 3,987,709 3,441,865 3,294,524 4,036,878
Total pension liability - beginning 82,593,915 77,729,770 73,443,626 69,269,965 64,510,252 59,753,589 55,765,880 52,324,015 49,029,491 44,992,613
Total pension liability - ending (a) 89,005,018 82,593,915 77,729,770 73,443,626 69,269,965 64,510,252 59,753,589 55,765,880 52,324,015 49,029,491
Plan fiduciary net position:
Contributions - employer 1,943,093 1,736,594 1,533,978 1,412,852 1,330,792 1,159,312 1,159,516 1,082,013 922,484 903,631
Contributions - employee 1,330,886 1,218,053 1,099,064 1,053,245 1,042,009 948,036 920,251 898,468 851,897 822,553
Net investment income 8,205,343 8,259,328 (5,638,435) 8,998,028 4,901,713 8,718,902 (1,757,178) 7,166,092 3,298,224 72,103
Benefit payments, including refunds of
employee contributions (3,587,510) (3,525,849) (2,886,767) (3,197,440) (2,790,558) (2,600,777) (2,542,340) (2,151,523) (2,133,755) (1,814,665)
Administrative expense (52,648) (52,551) (48,799) (41,637) (31,719) (49,271) (33,959) (37,136) (37,249) (43,918)
Other (1,232) (367) 58,231 285 (1,238) (1,480) (1,774) (1,882) (2,007) (2,170)
Net change in plan fiduciary net position 7,837,932 7,635,208 (5,882,728) 8,225,333 4,450,999 8,174,722 (2,255,484) 6,956,032 2,899,594 (62,466)
Plan fiduciary net position - beginning 79,006,300 71,371,092 77,253,820 69,028,487 64,577,488 56,402,766 58,658,250 51,702,218 48,802,624 48,865,090
Plan fiduciary net position - ending (b) 86,844,232 79,006,300 71,371,092 77,253,820 69,028,487 64,577,488 56,402,766 58,658,250 51,702,218 48,802,624
Net pension liability (asset) - ending (a) - (b)2,160,786$ 3,587,615$ 6,358,678$ (3,810,194)$ 241,478$ (67,236)$ 3,350,823$ (2,892,370)$ 621,797$ 226,867$
Plan fiduciary net position as a
percentage of total pension liability (asset) 97.57% 95.66% 91.82% 105.19% 99.65% 100.10% 94.39% 105.19% 98.81% 99.54%
Covered-employee payroll 19,012,657$ 17,400,763$ 15,700,900$ 15,046,358$ 14,885,841$ 13,543,374$ 13,146,439$ 12,835,255$ 12,169,964$ 11,750,753$
Net pension liability(asset) as a percentage
of covered-employee payroll 11.36% 20.62% 40.50% -25.32% 1.62% -0.50% 25.49% -22.53% 5.11% 1.93% Note: As of December 31 – Measurement Date.
City of Colleyville, Texas
Schedule of Contributions
Texas Municipal Retirement System
Last Ten Fiscal Years
71
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year
2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Actuarially determined contribution 2,000,131$ 1,787,056$ 1,730,978$ 1,513,292$ 1,352,700$ 2,197,460$ 2,596,092$ 1,538,670$ 1,048,848$ 941,907$
Contribution in relation of the actuarially
determined contribution 2,000,131 1,787,056 1,730,978 1,513,292 1,352,700 2,197,460 2,596,092 1,538,670 1,048,848 941,907
Contribution deficiency (excess)-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Covered-employee payroll 19,012,657$ 17,400,742$ 16,993,904$ 15,360,973$ 14,821,499$ 14,213,930$ 13,389,846$ 13,188,135$ 12,528,384$ 12,281,471$
Contributions as a percentage of
covered-employee payroll 10.52% 10.27% 10.19% 9.85% 9.13% 15.46% 19.39% 11.67% 8.37% 7.67%
Note: GASB #68, paragraph 81.2.b requires that the data in this schedule be presented as of the City’s fiscal year as opposed to the time period covered by the measurement
date.
City of Colleyville, Texas
Notes to Texas Municipal Retirement System- Net Pension Liability
Required Supplementary Information
For the Fiscal Year Ended September 30, 2025
72
Actuarial cost method Entry age normal
Amortization method Level percentage of payroll, closed
Remaining amortization period 21 years (longest amortization ladder)
Asset valuation method 10 Year smoothed market; 12% soft corridor
Inflation 2.50%
Salary increases 3.60% to 11.85% including inflation
Investment rate of return 6.75%
Retirement age Experience-based table of rates that vary by age.
Last updated for the 2023 valuation pursuant
to an experience study of the period ending 2022.
Mortality Post-retirement: 2019 Municipal Retirees of Texas Mortality Tables. Male rates
are multiplied by 103% and female rates are multiplied by 105%.
The rates are projected on a fully generational basis by the most recent Scale MP-2021
(with immediate convergence). Pre-retirement: PUB(10) mortality tables, with the 110% of the
Public Safety table used for males and the 100% of the General Employee table used for females.
The rates are projected on a fully generational basis by the most recent Scale MP-2021
(with immediate convergence).
Other information There were no benefit changes during the year.
City of Colleyville, Texas
Schedule of Changes in Total OPEB Liability
and Related Ratios
Texas Municipal Retirement System
Last Eight Years
73
Measurement Measurement Measurement Measurement Measurement Measurement Measurement Measurement
Year 2024 Year 2023 Year 2022 Year 2021 Year 2020 Year 2019 Year 2018 Year 2017
Total OPEB liability:
Service cost 28,519$ 24,361$ 45,533$ 40,625$ 32,749$ 23,024$ 26,293$ 21,820$
Interest 24,142 23,649 15,445 15,809 17,646 18,777 16,950 16,399
Changes of benefit terms - - - - - - - -
Difference between expected and actual
experience (1,100) (7,144) 2,083 (20,857) (3,392) (9,503) (5,282) -
Change in assumptions (33,583) 31,718 (291,399) 25,530 106,857 102,645 (38,274) 41,681
Benefit payments, including refunds of
employee contributions (19,014) (17,401) (15,701) (13,542) (4,466) (4,063) (3,944) (3,851)
Net changes (1,036) 55,183 (244,039) 47,565 149,394 130,880 (4,257) 76,049
Net OPEB liability - beginning 635,622 580,439 824,478 776,913 627,519 496,639 500,896 424,847
Net OPEB liability - ending 634,586$ 635,622$ 580,439$ 824,478$ 776,913$ 627,519$ 496,639$ 500,896$
Covered-employee payroll 19,012,657$ 17,400,763$ 15,700,900$ 15,046,358$ 14,885,841$ 13,543,374$ 13,146,439$ 12,835,255$
Net OPEB liability as a percentage
of covered-employee payroll 3.34% 3.65% 3.70% 5.48% 5.22% 4.63% 3.78% 3.90%
*There are not assets in a qualifying trust, as defined by GASB 75, to pay related benefits. Note: Only eight years of data is presented in accordance with GASB #75. “The information for all period for the 10-year schedules
that are required to be presented as required supplementary information may be available initially. In these cases, during the
transition period, that information should be presented for as many periods as are available. The schedules should not include
information that is not measured in accordance with the requirements of this statement. Additional years’ information will be
displayed as it becomes available.”
City of Colleyville, Texas
Notes to Texas Municipal Retirement System- OPEB Liability
Required Supplementary Information
For the Fiscal Year Ended September 30, 2025
74
Inflation 2.50%
Salary increases 3.60% to 11.85% including inflation
Discount rate* 4.08%
Retirees' share of benefit-related cost $0
Administrative expenses
Mortality rates - service retirees 2019 Municipal Retirees of Texas Mortality Tables. Male rates
are multiplied by 103% and female rates are multiplied by 105%.
The rates are projected on a fully generational basis by the most
recent Scale MP-2021 (with immediate convergence).
Mortality rates - disabled retirees 2019 Municipal Retirees of Texas Mortality Tables with a 4 year set
-forward for males and a 3 year set-forward for females. In
addition, a 3.5% and 3% minimum mortality rate will be applied to
reflect the impairment for younger members who become
disabled for males and females, respectively. The rates are
projected on a fully generational basis by the most recent Scale
MP-2021 (with immediate convergence) to account for future
mortality improvements subject to the floor
*The discount rate was based on the Bond Buyer “20-Bond GO Index” rate closest to, but not later than
December 31, 2024.
All administrative expenses are paid through the
Pension Trustand accounted for under reporting
requirements of GASB Statement No. 68
75
Combining and Individual Fund Financial
Statements and Schedules
76
This Page Intentionally Left Blank
City of Colleyville, Texas
Debt Service Fund
Budgetary Comparison Schedule (GAAP Basis)
For the Fiscal Year Ended September 30, 2025
77
Variance with
Final Budget -
Positive
Original Final Actual (Negative)
REVENUES
Taxes 915,283$ 915,283$ 918,261$ 2,978$
Investment earnings 10,000 10,000 4,757 (5,243)
Total revenues 925,283 925,283 923,018 (2,265)
EXPENDITURES
Principal retirement 1,096,369 1,096,369 878,418 217,951
Interest and fiscal charges 444,525 444,525 661,727 (217,202)
Total expenditures 1,540,894 1,540,894 1,540,145 749
Deficiency of revenues
under expenditures (615,611) (615,611) (617,127) (1,516)
OTHER FINANCING SOURCES (USES)
Transfers in - - 552,000 552,000
Total other financing sources (uses) - - 552,000 552,000
Net change in fund balance (615,611) (615,611) (65,127) 550,484
Fund balance, beginning of year 414,233 414,233 414,233 -
FUND BALANCE, end of year (201,378)$ (201,378)$ 349,106$ 550,484$
Budgeted Amounts
78
Non-Major Governmental Funds
Special Revenue Funds
Special Revenue Funds are used to account for specific revenues that are legally restricted to
expenditure for particular purposes.
Voluntary Park — This fund is used to account for the operations for which voluntary contributions by
citizens are used. Contributions are used primarily to support park activities.
Voluntary Library — This fund is used to account for the operations for which voluntary contributions by
citizens are used. Contributions are used primarily to support library activities.
Sesquicentennial Fund – This fund is used to account for sales of the City’s Sesquicentennial anniversary
history book. Sales proceeds are used to benefit of the City of Colleyville’s historical purposes.
Tree Preservation — This fund is used to account for operations related to replacement of trees, which
are eliminated due to commercial development. Contributions are received from entities that are
developing the property.
Library Donation — This fund is used to account for private and corporate donations for capital purchases
related to the library building for the City.
Recreational Event — This fund is used to account for activities related to special events for the City.
Colleyville Tomorrow Fund – This fund is used to account for proceeds received on gas leases from
City-owned property to be used for capital purchases.
Grant Fund — This fund is used to account for grant related activity.
LEOSE (Law Enforcement Officer Standards and Education) — This fund is used to account for activities
related to the continuing education of qualified law enforcement officers as funded by the State of Texas
LEOSE Account.
Colleyville Crime Control and Prevention District — This fund is used to account for the City’s blended
component unit, Colleyville Crime Control and Prevention District formed to act on behalf of the City for
financing the development of crime control throughout the City.
Special Donations — This fund is used to account for various donations made to the City for specific
projects.
Court Technology — This fund is used to account for the collection and use of fines collected to be
specifically used on technology for the court.
Court Security — This fund is used to account for the collection and use of fines collected to be
specifically used for court security purposes.
Public Art — This fund is used to account for the acquisition of art to be placed in City owned facilities
with high public visibility.
Juvenile Case Manager — This fund is used to account for staff, whose primary role is handling juvenile
defendants in terms of teen court dockets, all school violations including truancy, failure to attend school
and parental noncompliance violations, and mandatory classes for drug, tobacco and alcohol
defendants, as permitted by state statute.
79
Deployment Fund – This fund manages the resources and expenditures for emergency deployments
related to Natural Disasters, such as wildfires, flashfloods, hurricanes, and tornados. Funding is typically
provided by NCTTRAC through reimbursements related to travel and equipment expenses.
Hotel Tax Fund — This fund is used to account for all hotel occupancy tax revenues which are restricted
by state statute and can only be used on expenditures related to tourism activities.
Municipal Court Building Security and Technology Fund – This fund is used to finance security measures
and technological enhancements for the municipal court and is supported by fees collected from
defendants convicted of misdemeanor offenses.
Capital Projects Funds
Capital Projects Funds are used to account for the acquisition and construction of major capital facilities
other than those financed by proprietary funds and trust funds.
Parks Tomorrow Fund — This fund is used to account for proceeds received on gas leases on City-owned
parks property for parks capital projects.
Park Land Dedication Fund — This fund is used to account for the acquisition of land for new park sites
and to make improvements to or expand existing parks to better serve new development. Fees collected
from the developers of residential and commercial development finance the improvements.
Vehicle/Equipment Replacement — This fund is used to account for the replacement of vehicle and other
capital equipment.
City of Colleyville, Texas
Non-Major Governmental Funds
Combining Balance Sheet
September 30, 2025
80
Voluntary Sesquicentennial Tree Library
Voluntary Park Library Fund Preservation Donation
ASSETS
Cash and cash equivalents 80,190$ 76,786$ -$ 74,381$ 54,290$
Investments 1,185,199 573,935 - 294,228 -
Accounts receivable - - - - -
Due from other governments - - - - -
Accrued interest - - - - -
TOTAL ASSETS 1,265,389$ 650,721$ -$ 368,609$ 54,290$
LIABILITIES
Accounts payable -$ -$ -$ -$ -$
Accrued liabilities - - - - -
Due to other funds - - - - -
Total liabilities - - - - -
FUND BALANCES (DEFICIT)
Restricted - - - - 54,290
Committed 1,265,389 650,721 - 368,609 -
Assigned - - - - -
Unassigned - - - - -
Total fund balances (deficit) 1,265,389 650,721 - 368,609 54,290
TOTAL LIABILITIES AND FUND BALANCES (DEFICIT)1,265,389$ 650,721$ -$ 368,609$ 54,290$
Special Revenue
81
Colleyville Colleyville Crime
Recreational Tomorrow Grant Control and Special
Event Fund Fund LEOSE Prevention District Donations
8,789$ 513,428$ 111,615$ 1,804$ 276,522$ 44,257$
- - - - 3,112,965 -
- - - - - -
- - - - 447,259 -
- - - - - -
8,789$ 513,428$ 111,615$ 1,804$ 3,836,746$ 44,257$
-$ 513,428$ 184,000$ -$ -$ -$
- - - - 74,441 -
- - - - - -
- 513,428 184,000 - 74,441 -
- - - 1,804 3,762,305 44,257
- - - - - -
8,789 - - - - -
- - (72,385) - - -
8,789 - (72,385) 1,804 3,762,305 44,257
8,789$ 513,428$ 111,615$ 1,804$ 3,836,746$ 44,257$
(Continued)
Special Revenue
City of Colleyville, Texas
Non-Major Governmental Funds
Combining Balance Sheet - Continued
September 30, 2025
82
Court Court Juvenile Case Deployment
Technology Security Public Art Manager Fund
ASSETS
Cash and cash equivalents -$ -$ -$ 154,283$ 680,045$
Investments - - - - -
Accounts receivable - - - - 71,076
Due from other governments - 9,776 - - -
Accrued interest - - - - -
TOTAL ASSETS -$ 9,776$ -$ 154,283$ 751,121$
LIABILITIES
Accounts payable -$ -$ -$ -$ -$
Accrued liabilities - 2,205 - - -
Due to other funds - - - - -
Total liabilities - 2,205 - - -
FUND BALANCES (DEFICIT)
Restricted - 7,571 - 154,283 -
Committed - - - - -
Assigned - - - - 751,121
Unassigned - - - - -
Total fund balances (deficit) - 7,571 - 154,283 751,121
TOTAL LIABILITIES AND FUND BALANCES (DEFICIT)-$ 9,776$ -$ 154,283$ 751,121$
Special Revenue
83
Total
Municipal Court Vehicle/ Non-Major
Hotel Building Security Parks Park Land Equipment Governmental
Tax Fund and Technology Tomorrow Dedication Replacement Funds
1,353$ 14,523$ 6,788$ 35,435$ 1,005,087$ 3,139,576$
- - 1,017,629 278,679 1,155,207 7,617,842
- - - - - 71,076
44,384 - - - - 501,419
- - - - - -
45,737$ 14,523$ 1,024,417$ 314,114$ 2,160,294$ 11,329,913$
-$ -$ -$ -$ 10,792$ 708,220$
7,435 - - - - 84,081
10,000 - - - - 10,000
17,435 - - - 10,792 802,301
28,302 14,523 - - - 4,067,335
- - 1,024,417 314,114 - 3,623,250
- - - - 2,149,502 2,909,412
- - - - - (72,385)
28,302 14,523 1,024,417 314,114 2,149,502 10,527,612
45,737$ 14,523$ 1,024,417$ 314,114$ 2,160,294$ 11,329,913$
(Concluded)
Capital ProjectsSpecial Revenue
City of Colleyville, Texas
Non-Major Governmental Funds
Combining Statement of Revenues, Expenditures
and Changes In Fund Balances
For the Fiscal Year Ended September 30, 2025
84
Voluntary Sesquincentennial Tree Library
Voluntary Park Library Fund Preservation Donation
REVENUES
Taxes -$ -$ -$ -$ -$
Fines and forfeitures - - - 4,196 -
Intergovernmental - - - - -
Grants/contributions 176,160 176,160 - - 14,712
Investment earnings 51,666 25,370 332 13,407 605
Miscellaneous - 28 212 - -
Total revenues 227,826 201,558 544 17,603 15,317
EXPENDITURES
Current:
General government - - - - -
Community development and engineering - - - - -
Fire and rescue - - - - -
Leisure services 112,328 163,048 - - 23,396
Municipal court - - - - -
Police services - - - - -
Capital outlay 40,102 - 23,884 - -
Total expenditures 152,430 163,048 23,884 - 23,396
Excess (deficiency) of revenues over
expenditures 75,396 38,510 (23,340) 17,603 (8,079)
OTHER FINANCING SOURCES (USES)
Proceeds from the sale of property - - - - -
Transfers in - - - - -
Transfers out - - - - -
Total other financing sources (uses) - - - - -
Net changes in fund balances 75,396 38,510 (23,340) 17,603 (8,079)
Fund balances (deficit), beginning of year 1,189,993 612,211 23,340 351,006 62,369
FUND BALANCES (DEFICIT), END OF YEAR 1,265,389$ 650,721$ -$ 368,609$ 54,290$
Special Revenue
85
Colleyville Colleyville Crime
Recreational Tomorrow Grant Control and Special
Event Fund Fund LEOSE Prevention District Donations
-$ -$ -$ -$ 2,733,606$ -$
- - - - - -
- - - 8,587 900,000 -
8,523 - 134,714 - - 29,982
137 5,519 879 62 128,763 478
- - - - - -
8,660 5,519 135,593 8,649 3,762,369 30,460
9,654 - - - - -
- - - - - -
- - - 1,253 - 24,599
- - - - - 2,791
- - - - - -
- - 6,738 2,481,730 1,503
- 340,151 17,446 - 1,363,845 -
9,654 340,151 17,446 7,991 3,845,575 28,893
(994) (334,632) 118,147 658 (83,206) 1,567
- - - - 106,124 -
- - - - - -
- - - - (25,000) -
- - - - 81,124 -
(994) (334,632) 118,147 658 (2,082) 1,567
9,783 334,632 (190,532) 1,146 3,764,387 42,690
8,789$ -$ (72,385)$ 1,804$ 3,762,305$ 44,257$
(Continued)
Special Revenue
City of Colleyville, Texas
Non-Major Governmental Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances - Continued
For the Fiscal Year Ended September 30, 2025
86
Court Court Public Juvenile Case Deployment
Technology Security Art Manager Fund
REVENUES
Taxes -$ -$ -$ -$ -$
Fines and forfeitures 14,219 17,382 - 25,928 -
Intergovernmental 24,800 33,017 - - -
Grants/contributions - - - - 483,224.00
Investment earnings 44 170 296 1,620 3,483
Miscellaneous - - - - -
Total revenues 39,063 50,569 296 27,548 486,707
EXPENDITURES
Current:
General government - - - - -
Community development and engineering - - - - -
Fire and rescue - - - - 384,434
Leisure services - - - - -
Municipal court 43,461 44,350 - 2,301 -
Police services - - - - -
Capital outlay - - 9,086 - 100,827
Total expenditures 43,461 44,350 9,086 2,301 485,261
Excess (deficiency) of revenues over
expenditures (4,398) 6,219 (8,790) 25,247 1,446
OTHER FINANCING SOURCES (USES)
Proceeds from the sale of property - - - - -
Transfers in - - - - -
Transfers out - - - - -
Total other financing sources (uses) - - - - -
Net changes in fund balances (4,398) 6,219 (8,790) 25,247 1,446
Fund balances (deficit), beginning of year 4,398 1,352 8,790 129,036 749,675
FUND BALANCES (DEFICIT), END OF YEAR -$ 7,571$ -$ 154,283$ 751,121$
Special Revenue
87
Total
Municipal Court Vehicle/ Non-Major
Hotel Building Security Parks Park Land Equipment Governmental
Tax Fund and Technology Tomorrow Dedication Replacement Funds
203,402$ -$ -$ -$ -$ 2,937,008$
- 14,463 - - - 76,188
- - - - - 966,404
- - - - - 1,023,475
40 60 44,149 12,322 60,743 350,145
- - - - - 240
203,442 14,523 44,149 12,322 60,743 5,353,460
165,171 - - - 102,765 277,590
- - 13,000 - - 13,000
- - - - - 410,286
106,261 - - - - 407,824
- - - - - 90,112
- - - - - 2,489,971
- - - 10,932 777,063 2,683,336
271,432 - 13,000 10,932 879,828 6,372,119
(67,990) 14,523 31,149 1,390 (819,085) (1,018,659)
- - - - 256,628 362,752
- - - - 642,000 642,000
- - - - - (25,000)
- - - - 898,628 979,752
(67,990) 14,523 31,149 1,390 79,543 (38,907)
96,292 - 993,268 312,724 2,069,959 10,566,519
28,302$ 14,523$ 1,024,417$ 314,114$ 2,149,502$ 10,527,612$
(Concluded)
Capital ProjectsSpecial Revenue
City of Colleyville, Texas
Colleyville Crime Control and Prevention District Fund
Budgetary Comparison Schedule (GAAP Basis)
For the Fiscal Year Ended September 30, 2025
88
Variance with
Final Budget -
Positive
Original Final Actual (Negative)
REVENUES
Taxes 2,600,000$ 2,600,000$ 2,733,606$ 133,606$
Intergovernmental 900,000 900,000 900,000 -
Investment earnings 53,200 53,200 128,763 75,563
Total revenues 3,553,200 3,553,200 3,762,369 209,169
EXPENDITURES
Police services 2,775,045 2,775,045 2,481,730 293,315
Capital outlay 1,078,848 500,000 1,363,845 (863,845)
Total expenditures 3,853,893 3,275,045 3,845,575 (570,530)
Excess of revenues
over expenditures (300,693) 278,155 (83,206) (361,361)
OTHER FINANCING SOURCES (USES)
Proceeds from the sale of property 15,000 15,000 106,124 91,124
Transfers out (25,000) - (25,000) (25,000)
Total other financing sources (uses) (10,000) 15,000 81,124 66,124
Net change in fund balance (310,693) 293,155 (2,082) (295,237)
FUND BALANCE, beginning of year 3,764,387 3,764,387 3,764,387 -
FUND BALANCE, end of year 3,453,694$ 4,057,542$ 3,762,305$ (295,237)$
Budgeted Amounts
89
Custodial Funds
The Custodial Funds are used to account for resources held for others in a custodial capacity. The City
maintains the following Custodial Funds:
Employee Activity Fund – This fund is used to account for funds held by the City for the benefit of
employees of the City.
Police Asset Forfeiture —This fund is used to account for funds received from the sale of assets seized in
criminal-related activities held until their remittance.
City of Colleyville, Texas
Combining Statement of Fiduciary Net Position -
Employee Activity Fund and Police Asset Forfeiture Fund
September 30, 2025
90
Employee Police Asset
Activity Forfeiture
Fund Fund Total
Cash and cash equivalents 15,759$ 132,216$ 147,975$
Investments - 10,657 10,657
Total assets 15,759 142,873 158,632
Restricted for other purposes 15,759 142,873 158,632
15,759$ 142,873$ 158,632$
ASSETS
NET POSITION
TOTAL NET POSITION
City of Colleyville, Texas
Combining Statement of Changes in Fiduciary Net Position -
Employee Activity Fund and Police Asset Forfeiture Fund
For the Fiscal Year Ended September 30, 2025
91
Employee Police Asset
Activity Forfeiture
Fund Fund Total
Contributions 8,380$ -$ 8,380$
Forfeitures - 111,645 111,645
Investment earnings 128 1,892 2,020
Other additions - 879 879
Total additions 8,508 114,416 122,924
Operating expenses 5,283 2,232 7,515
Total deductions 5,283 2,232 7,515
Change in net position 3,225 112,184 115,409
Net position, beginning 12,534 30,689 43,223
15,759$ 142,873$ 158,632$
ADDITIONS
DEDUCTIONS
NET POSITION, ENDING
92
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93
Statistical Section
94
This Page Intentionally Left Blank
95
Statistical Section
This part of the City of Colleyville Annual Comprehensive financial report present detailed information as
a context for understanding what the information in the financial statements, note disclosures, and
required supplementary information says about the government's overall financial health.
Contents:
Financial Trends Information ................................................................................................................................. 96
These schedules contain trend information intended to help the reader understand how the City's
financial position has changed over time.
Revenue Capacity Information .......................................................................................................................... 102
These schedules contain information intended to help the reader assess the City's most significant revenue
source, property taxes.
Debt Capacity Information ................................................................................................................................. 107
These schedules contain information intended to assist users in understanding and assessing the City's
current levels of outstanding debt and the ability to issue additional debt.
Demographic and Economic Information ....................................................................................................... 110
These schedules provide demographic and economic indicators intended to help the readers
understand the socioeconomic environment within which the City's financial activities take place.
Operating Information ......................................................................................................................................... 113
These schedules provide contextual information about the City's operations and resources intended to
assist readers in using financial statement information to understand and assess the City's economic
condition.
City of Colleyville, Texas
Net Position by Component
Last Ten Fiscal Years
(Accrual Basis of Accounting)
(Unaudited)
96
2016 2017 2018 2019
Governmental activities
Net investment in capital assets 97,982,160$ 99,881,334$ 100,382,597$ 101,081,404$
Restricted for:
Debt service 692,093 612,641 1,936,893 1,476,905
Court Security and technology 215,142 158,853 74,767 63,506
Grant programs 10,751 11,530 1,554 74,119
Leisure services 233,290 353,561 564,555 612,500
Economic development 3,456,897 4,221,531 4,471,253 4,150,118
Police 1,485,771 1,560,027 1,455,308 1,318,021
Historical purposes - - - -
Unrestricted 36,767,262 35,773,373 35,878,519 35,780,949
Total governmental activities net position 140,843,366$ 142,572,850$ 144,765,446$ 144,557,522$
Business-type activities
Net investment in capital assets 44,010,618$ 44,123,735$ 43,560,389$ 42,652,195$
Unrestricted 17,263,830 19,185,890 22,400,538 24,441,942
Total business-type activities net position 61,274,448$ 63,309,625$ 65,960,927$ 67,094,137$
Primary government
Net investment in capital assets 141,992,778$ 144,005,069$ 143,942,986$ 143,733,599$
Restricted for:
Debt service 692,093 612,641 1,936,893 1,476,905
Court Security and technology 215,142 158,853 74,767 63,506
Grant programs 10,751 11,530 1,554 74,119
Leisure services 233,290 353,561 564,555 612,500
Economic development 3,456,897 4,221,531 4,471,253 4,150,118
Police 1,485,771 1,560,027 1,455,308 1,318,021
Historical purposes - - - -
Unrestricted 54,031,092 54,959,263 58,279,057 60,222,891
Total primary governmental net position 202,117,814$ 205,882,475$ 210,726,373$ 211,651,659$
Source: Annual Comprehensive Financial Report
Fiscal Year
Table 1
97
2020 2021 2022 2023 2024 2025
106,590,088$ 113,142,374$ 114,903,231$ 112,840,820$ 114,858,764$ 117,222,936$
1,116,977 1,059,604 876,349 388,085 220,287 168,735
72,041 102,662 162,389 115,356 134,786 176,377
4,520 1,431 - - - -
509,204 343,159 275,026 232,621 201,351 126,849
4,479,889 6,217,460 6,480,855 7,537,100 7,352,205 7,511,959
1,693,079 2,623,797 3,220,710 3,649,014 3,765,533 3,764,109
- 23,308 22,524 22,818 23,340 -
35,586,831 36,262,212 41,673,134 43,649,967 42,116,357 40,216,170
150,052,629$ 159,776,007$ 167,614,218$ 168,435,781$ 168,672,623$ 169,187,135$
44,311,565$ 45,950,733$ 45,548,947$ 44,129,896$ 44,711,923$ 49,022,264$
24,163,534 23,453,069 26,918,581 31,747,311 34,696,581 35,270,288
68,475,099$ 69,403,802$ 72,467,528$ 75,877,207$ 79,408,504$ 84,292,552$
150,901,653$ 159,093,107$ 160,452,178$ 156,970,716$ 159,570,687$ 166,245,200$
1,116,977 1,059,604 876,349 388,085 220,287 168,735
72,041 102,662 162,389 115,356 134,786 176,377
4,520 1,431 - - - -
509,204 343,159 275,026 232,621 201,351 126,849
4,479,889 6,217,460 6,480,855 7,537,100 7,352,205 7,511,959
1,693,079 2,623,797 3,220,710 3,649,014 3,765,533 3,764,109
- - 22,524 22,818 23,340 -
59,750,365 59,715,281 68,591,715 75,397,278 76,812,938 75,486,458
218,527,728$ 229,156,501$ 240,081,746$ 244,312,988$ 248,081,127$ 253,479,687$
Fiscal Year
City of Colleyville, Texas
Changes in Net Position, Last Ten Fiscal Years
(Accrual Basis of Accounting)
(Unaudited)
98
2016 2017 2018 2019
Expenses
Governmental activities:
General government 4,449,317$ 4,881,741$ 5,330,690$ 5,791,827$
Community development and engineering 1,558,750 1,672,823 1,387,909 1,398,052
Fire 4,783,421 5,524,975 5,690,454 6,192,307
Leisure services 4,701,443 4,987,965 4,271,760 4,710,673
Maintenance 689,861 1,243,614 738,834 770,762
Municipal court 448,420 606,269 595,879 575,098
Police 5,734,116 6,093,309 6,634,046 6,749,202
Streets and drainage 5,150,390 3,578,365 4,009,383 6,181,453
Interest on long-term debt 614,159 408,268 334,839 300,840
Total governmental activities expenses 28,129,877 28,997,329 28,993,794 32,670,214
Business-type activities:
Water and sewer 13,995,038 14,779,262 15,257,125 15,463,642
Drainage 563,268 646,145 740,994 863,826
Total business-type activities expenses 14,558,306 15,425,407 15,998,119 16,327,468
Total primary government expenses 42,688,183$ 44,422,736$ 44,991,913$ 48,997,682$
Program revenues
Governmental activities:
Charges for Services:
General government 15,075$ 338,857$ 35,684$ 29,800$
Community development 1,356,581 1,148,293 1,447,081 1,361,965
Fire and rescue 387,705 340,630 378,019 397,646
Leisure services 505,203 553,633 563,228 521,448
Municipal court 1,306,924 1,181,280 1,110,960 1,123,157
Police 93,566 98,859 101,662 93,495
Streets and drainage 794,169 634,918 758,952 579,408
Operating grants and contributions 514,845 507,616 614,794 771,681
Capital grants and contributions 319,541 1,302,174 406,094 369,126
Total governmental activities program revenues 5,293,609 6,106,260 5,416,474 5,247,726
Business-type activities:
Charges for services:
Water and sewer 15,499,159 15,956,329 17,332,891 16,057,020
Drainage 954,642 985,636 1,001,180 1,011,428
Operating grants and contributions
Capital grants and contributions 43,104 481,413 277,639 188,749
Total business-type activities program revenues 16,496,905 17,423,378 18,611,710 17,257,197
Total primary government program revenues 21,790,514$ 23,529,638$ 24,028,184$ 22,504,923$
Net (expenses) revenue
Governmental activities (22,836,268)$ (22,891,069)$ (23,577,320)$ (27,422,488)$
Business-type activities 1,938,599 1,997,971 2,613,591 929,729
Total primary government net expenses (20,897,669)$ (20,893,098)$ (20,963,729)$ (26,492,759)$
General revenues and other changes in net position
Governmental activities:
Taxes:
Property taxes 13,790,347$ 14,548,461$ 15,471,246$ 15,676,533$
Franchise taxes 2,206,890 2,105,881 1,982,578 2,086,683
Sales taxes 7,252,963 7,304,507 7,578,861 7,584,353
Other 106,607 263,587 351,715 350,411
Interest on investments 142,343 148,933 315,611 967,396
Gain (Loss) on sale of capital assets 51,849 17,000 51,620 14,116
Transfers 895,668 63,319 - 270,403
Miscellaneous 150,630 168,865 126,859 89,869
Total governmental activities 24,597,297 24,620,553 25,878,490 27,039,764
Business-type activities:
Interest on investments 76,014 100,525 - 455,178
Gain (Loss) on sale of capital assets 71,003 - - -
Transfers (895,668) (63,319) (260,238) (270,403)
Miscellaneous - - 183,685 18,706
Total business-type activities (748,651) 37,206 (76,553) 203,481
Total primary government 23,848,646$ 24,657,759$ 25,801,937$ 27,243,245$
Change in net position
Governmental activities 1,761,029$ 1,729,484$ 2,301,170$ (382,724)$
Business-type activities 1,189,948 2,035,177 2,537,038 1,133,210
Total primary government 2,950,977$ 3,764,661$ 4,838,208$ 750,486$
Source: Annual Comprehensive Financial Report
Fiscal Year
Table 2
99
2020 2021 2022 2023 2024 2025
5,788,907$ 5,668,238$ 4,974,336$ 7,213,931$ 6,622,685$ 7,456,126$
1,609,571 1,591,996 1,567,235 1,686,445 1,744,404 1,859,030
6,437,928 6,740,521 7,126,677 8,299,502 8,661,229 9,013,564
4,569,933 4,499,889 4,668,826 5,758,314 6,419,332 7,478,263
729,754 775,477 695,435 679,038 992,114 1,191,443
579,980 638,025 559,820 659,203 775,929 850,781
7,204,613 6,978,311 7,276,394 8,560,126 9,023,613 9,595,248
4,647,801 4,696,395 4,561,627 3,953,690 5,727,460 4,423,070
240,231 111,944 30,510 590,667 541,428 642,060
31,808,718 31,700,796 31,460,860 37,400,916 40,508,194 42,509,585
17,054,796 16,334,509 19,205,539 21,231,527 22,721,878 24,035,665
730,346 812,505 719,298 856,999 883,578 936,789
17,785,142 17,147,014 19,924,837 22,088,526 23,605,456 24,972,454
49,593,860$ 48,847,810$ 51,385,697$ 59,489,442$ 64,113,650$ 67,482,039$
14,488$ 28,033$ 27,857$ 63,680$ 372$ 4,635$
1,399,114 1,131,498 1,215,522 1,145,119 1,119,470 1,400,525
397,612 399,288 480,541 502,185 506,433 557,958
228,218 453,096 531,775 589,095 626,961 772,171
1,095,647 1,222,696 1,261,507 1,088,470 1,242,742 1,171,044
75,993 65,379 74,332 152,209 108,099 990,161
323,883 267,372 198,129 373,881 138,566 761,616
2,346,529 3,491,361 4,253,340 2,412,210 2,200,169 1,023,475
3,756,508 198,935 895,376 210,095 1,090,940 1,262,330
9,637,992 7,257,658 8,938,379 6,536,944 7,033,752 7,943,915
16,845,727 17,422,265 21,639,947 23,775,793 24,056,578 26,205,698
1,007,514 1,013,401 1,011,238 1,044,650 1,475,121 1,770,955
- - 250,596 60,670 - -
1,244,335 - 326,850 - 503,801 837,598
19,097,576 18,435,666 23,228,631 24,881,113 26,035,500 28,814,251
28,735,568$ 25,693,324$ 32,167,010$ 31,418,057$ 33,069,252$ 36,758,166$
(22,170,726)$ (24,443,138)$ (22,522,481)$ (30,863,972)$ (33,474,442)$ (34,565,670)$
1,312,434 1,288,652 3,303,794 2,792,587 2,430,044 3,841,797
(20,858,292)$ (23,154,486)$ (19,218,687)$ (28,071,385)$ (31,044,398)$ (30,723,873)$
16,075,481$ 16,398,025$ 16,292,731$ 16,518,553$ 17,904,226$ 18,967,177$
1,874,032 1,724,583 1,853,644 2,079,169 1,982,559 1,946,778
8,248,647 9,445,150 10,284,047 10,494,933 10,654,186 11,111,344
198,861 235,209 339,216 352,673 358,874 329,774
544,752 99,055 43,962 1,605,013 2,262,400 1,800,877
250,601 61,287 128,261 130,885 - 378,997
250,030 409,276 304,739 325,917 434,663 434,663
223,429 5,787,102 336,955 176,815 115,953 110,572
27,665,833 34,159,687 29,583,555 31,683,958 33,712,861 35,080,182
256,811 31,280 1,258 920,547 1,450,500 1,234,363
18,980 - 21,605 - - -
(250,030) (409,276) (304,739) (325,917) (434,663) (434,663)
42,767 17,652 41,808 22,462 99,663 242,551
68,528 (360,344) (240,068) 617,092 1,115,500 1,042,251
27,734,361$ 33,799,343$ 29,343,487$ 32,301,050$ 34,828,361$ 36,122,433$
5,495,107$ 9,716,549$ 7,061,074$ 819,986$ 238,419$ 514,512$
1,380,962 928,308 3,063,726 3,409,679 3,545,544 4,884,048
6,876,069$ 10,644,857$ 10,124,800$ 4,229,665$ 3,783,963$ 5,398,560$
Fiscal Year
City of Colleyville, Texas Table 3
Fund Balances - Governmental Funds
(Modified Accrual Basis of Accounting)
Last Ten Fiscal Years
(Unaudited)
100
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
General fund
Nonspendable 9,388$ 11,152$ -$ 1,291$ 818$ 23,150$ 1,233$ 1,159$ 664$ 590$
Committed 796,438 682,156 659,712 655,546 655,546 660,687 664,423 664,423 816,838 736,143
Unassigned 8,719,620 8,866,760 8,991,999 9,102,499 12,614,900 10,233,533 7,725,583 7,849,380 7,726,148 7,833,962
Total general fund 9,525,446$ 9,560,068$ 9,651,711$ 9,759,336$ 13,271,264$ 10,917,370$ 8,391,239$ 8,514,962$ 8,543,650$ 8,570,695$
All other governmental funds
Non-spendable -$ -$ -$ -$ -$ -$ 38,666$ -$ 48,485$ 18,750$
Restricted 6,162,352 6,998,697 7,265,412 7,063,130 7,884,736 10,377,614 11,032,881 11,999,975 11,842,963 11,928,400
Committed 22,372,620 22,853,666 23,874,535 25,421,317 22,934,331 25,654,094 32,122,842 34,938,037 33,575,639 32,092,450
Assigned 996,929 1,119,062 1,445,725 1,507,341 1,255,097 1,400,681 1,796,154 1,914,120 2,838,207 2,909,412
Unassigned - - - - - - (451,903) (246,527) (190,532) (72,385)
Total all other governmental funds 29,531,901$ 30,971,425$ 32,585,672$ 33,991,788$ 32,074,164$ 37,432,389$ 44,538,640$ 48,605,605$ 48,114,762$ 46,876,627$
Source: Annual Comprehensive Financial Report
Notes: Includes encumbrances and prepaid items.
The City implemented GASB 54 in 2011
Fiscal Year
City of Colleyville, Texas Table 4
Changes In Fund Balances - Governmental Funds
(Modified Accrual Basis of Accounting)
Last Ten Fiscal Years
(Unaudited)
101
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
REVENUES
Taxes 23,367,715$ 24,159,016$ 25,615,191$ 25,887,789$ 26,580,500$ 28,047,838$ 29,001,346$ 29,757,732$ 31,178,905$ 32,742,691$
Licenses, permits and fees 1,337,928 1,049,673 1,237,198 1,141,959 974,336 911,816 929,415 851,671 748,155 1,005,726
Capital improvement fees 766,398 612,134 744,465 568,533 315,183 261,447 194,629 370,431 134,216 758,391
Charges for services 1,023,202 1,218,194 1,601,117 1,442,807 1,356,673 1,428,375 1,665,903 1,707,386 1,874,675 1,848,056
Fines and forfeitures 1,398,579 1,485,658 858,709 806,572 728,418 778,894 815,622 716,266 741,145 717,930
Interest 142,330 148,909 315,611 967,396 550,796 99,055 43,962 1,605,013 2,262,400 1,800,877
Intergovernmental 224,367 668,469 950,817 854,005 856,720 5,771,510 262,597 267,547 301,475 1,201,404
Grants/Contributions 421,497 449,130 328,598 667,736 2,062,719 3,371,752 4,128,012 2,270,870 2,067,509 1,023,475
Miscellaneous 165,642 183,889 127,626 85,935 313,260 274,059 338,748 190,196 107,162 101,985
Total revenues 28,847,658 29,975,072 31,779,332 32,422,732 33,738,605 40,944,746 37,380,234 37,737,112 39,415,642 41,200,535
EXPENDITURES
General government 4,036,395 4,166,735 4,784,205 4,046,459 4,447,211 5,085,306 5,162,355 5,514,297 6,299,568 6,687,180
Community development 1,623,972 1,511,400 1,349,824 1,369,857 1,642,331 1,606,549 1,589,984 1,597,520 1,726,686 1,842,395
Fire 4,568,639 4,870,759 4,942,939 5,492,430 6,046,058 6,361,196 6,873,727 7,333,495 8,048,194 8,471,608
Police 5,393,431 3,295,197 5,754,470 5,969,109 6,442,739 6,543,861 6,754,000 7,303,563 8,141,364 8,481,437
Leisure services 3,588,611 727,986 3,282,853 3,631,342 3,518,790 3,532,856 3,753,137 4,269,137 4,793,682 5,361,421
Streets and drainage 3,148,848 543,129 1,798,352 3,940,447 2,369,362 2,302,515 1,885,114 1,561,312 2,684,533 2,327,595
Municipal court 461,393 5,498,406 595,879 575,098 579,980 638,025 559,820 659,203 775,929 850,781
Maintenance 690,007 1,515,283 701,424 744,107 670,108 729,083 792,540 783,594 915,424 1,070,984
Capital outlay 2,373,025 4,421,734 4,950,202 3,141,571 5,194,206 6,840,537 5,057,778 14,884,329 9,089,881 6,648,490
Debt service
Principal retirement 1,467,094 2,151,212 2,201,206 2,148,690 1,584,683 5,531,733 735,551 705,468 763,048 878,418
Interest and fiscal charges 563,660 420,477 375,647 312,988 255,859 150,880 85,596 588,273 482,487 661,727
Total expenditures 27,915,075 29,122,318 30,737,001 31,372,098 32,751,327 39,322,541 33,249,602 45,200,191 43,720,796 43,282,036
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 932,583 852,754 1,042,331 1,050,634 987,278 1,622,205 4,130,632 (7,463,079) (4,305,154) (2,081,501)
OTHER FINANCING SOURCES (USES)
Refunding bonds 6,225,000 - - - - - - - - -
Issuance of bonds - - - - - - - 9,825,293 - -
Issuance of leases - - - - - - 16,488 1,119,792 29,196 56,751
Issuance of financed purchases - 541,073 356,459 - - 938,461 - - 3,244,987 -
Sale of capital assets 95,796 17,000 50,651 14,116 326,996 61,287 128,261 178,058 135,729 378,997
Premium on bond issue 239,163 - - - - - - 204,707 - -
Payments to escrow (6,373,776) - - - - - - - - -
Transfers in 5,665,493 4,552,668 5,160,716 5,212,289 2,275,198 4,226,761 10,068,434 4,657,471 5,108,215 3,798,803
Transfers out (4,769,825) (4,489,349) (4,900,478) (4,941,886) (2,025,168) (3,817,485) (9,763,695) (4,331,554) (4,673,552) (3,364,140)
Total other financing sources (uses) 1,081,851 621,392 667,348 284,519 577,026 1,409,024 449,488 11,653,767 3,844,575 870,411
NET CHANGE IN FUND BALANCES 2,014,434$ 1,474,146$ 1,709,679$ 1,335,153$ 1,564,304$ 3,031,229$ 4,580,120$ 4,190,688$ (460,579)$ (1,211,090)$
Debt service as a percentage of
noncapital expenditures 8.0% 10.4% 10.0% 8.7% 6.7% 17.5% 2.9% 4.3% 3.6% 4.2%
Source: Comprehensive Annual Financial Report
Fiscal YearFiscal Year
City of Colleyville, Texas Table 5
Assessed Value and Estimated Actual Value of Taxable Property
Last Ten Fiscal Years
(Unaudited)
102
Fiscal Year
Real
Property
Commercial
Property
Personal
Property
Less: Tax-Exempt
Property
Total Taxable
Assessed Value
Total Direct Tax
Rate
2016 3,891,371,613$ 427,388,478$ 106,282,459$ 301,657,610$ 4,123,384,940$ 0.355900$
2017 4,315,047,627 459,584,689 113,056,889 314,305,247 4,573,383,958 0.339100
2018 4,798,868,037 472,285,116 115,608,995 398,722,284 4,988,039,864 0.333834
2019 5,059,762,932 507,228,824 116,196,167 414,329,132 5,268,858,791 0.320800
2020 5,443,281,682 525,367,135 116,848,358 441,092,712 5,644,404,463 0.306807
2021 5,556,209,411 541,699,379 123,572,093 444,673,050 5,776,807,833 0.304370
2022 5,799,614,802 528,228,752 117,513,545 451,190,644 5,994,166,455 0.291778
2023 6,457,059,992 543,652,163 126,013,667 492,157,382 6,634,568,440 0.265618
2024 7,177,975,072 580,603,177 124,516,415 550,098,124 7,332,996,540 0.260991
2025 7,691,097,850 618,767,619 144,124,997 1,040,695,220 7,413,295,246 0.276204
Source: Tarrant Appraisal District
Note:
For fiscal year 2025, the City adopted a 7% local homestead exemption.
Property in Tarrant County is reassessed once every two years. The Appraisal District assesses property at 100 percent of actual value
for residential and personal. Tax rates are per $100 of assessed value.
City of Colleyville, Texas Table 6
Direct and Overlapping Property Tax Rates (Per $100 of Assessed Value)
Last Ten Fiscal Years
(Unaudited)
103
Fiscal Year
Operating/
General Rate
General
Obligation
Debt Service Total Direct
Birdville
Independent
School District
Carroll
Independent
School District
Grapevine-
Colleyville
Independent
School District
Hurst-Euless
Bedford
Independent
School District
Keller
Independent
School District Tarrant County
Tarrant County
College
District
Tarrant County
Hospital District
2016 0.33624 0.01966 0.35590 1.45390 1.395000 1.320100 1.350000 1.540000 0.264000 0.14950 0.227900
2017 0.32191 0.01722 0.33913 1.45390 1.390000 1.396700 1.316000 1.520000 0.254000 0.14473 0.227900
2018 0.31600 0.01783 0.33383 1.45390 1.385000 1.396700 1.263000 1.520000 0.244000 0.14006 0.224430
2019 0.30376 0.01704 0.32080 1.45390 1.380000 1.396700 1.273000 1.510000 0.234000 0.13607 0.224430
2020 0.29043 0.01638 0.30681 1.38390 1.300000 1.326700 1.220000 1.408300 0.234000 0.13017 0.224430
2021 0.28944 0.01493 0.30437 1.38030 1.286400 1.303100 1.198000 1.394700 0.234000 0.13017 0.224430
2022 0.28069 0.01109 0.29178 1.33800 1.268600 1.275100 1.160800 1.344000 0.229000 0.13017 0.224430
2023 0.25603 0.00959 0.26562 1.27980 1.218800 1.130800 1.109800 1.272900 0.224000 0.13017 0.224430
2024 0.25140 0.00959 0.26099 1.20310 1.002500 0.924700 0.921100 1.087500 0.194500 0.11217 0.194500
2025 0.26017 0.01603 0.27620 1.19830 0.961700 0.923300 0.968900 1.085200 0.187500 0.11228 0.194500
Source: Tarrant Appraisal District
Notes:
City Direct Rates Overlapping Rates
Overlapping rates are those of local and county governments that apply to property owners within the City of Colleyville, Texas. Not all school district overlapping rates apply to all Colleyville
property owners because the City is served by five different independent school districts; for example, although the county property tax rates apply to all City property owners, the Grapevine-
Colleyville Independent School District rates apply only to the approximately two-thirds of City property owners whose property is located within that school district's geographic boundaries.
City of Colleyville, Texas Table 7
Principal Property Tax Payers
Current Year and Five Years Ago
(Unaudited)
104
Percentage of Percentage of
Taxable Assessed Total City Taxable Taxable Assessed Total City Taxable
Taxpayer Value Rank Assessed Value
a Value Rank Assessed Value
b
SVAP III TC Colleyville LLC (Velocis Colleyville LP) 48,384,541$ 1 0.65% 28,834,127$ 1 0.70%
KRG Colleyville LLC 34,900,000 2 0.47%
Oncor Electric Delivery Co LLC 26,620,276 3 0.36% 15,253,623 3 0.37%
Atmos Energy/Mid Tex Division 17,640,847 4 0.24%
Colleyville Lofts Venture LLC 12,099,998 5 0.16% 9,502,079 5 0.23%
Welltower Inc 11,861,882 6 0.16%
MDC Coast 7 LLC 9,000,000 7 0.12%
M2 Colleyville LLC 8,200,000 8 0.11%
Glade & Heritage Property LLC 7,718,800 9 0.10%
HPI Self Storage Colleyville LLC 7,633,944 10 0.10%
Toll Dallas TX LLC 25,472,505 2 0.62%
Lifetime Fitness Real Estate 14,150,256 4 0.34%
USMC Colleyville LLC 8,510,000 6 0.21%
Wal-Mart Real Estate Business Trust 7,388,287 7 0.18%
Standard Pacific of Texas Inc 6,045,302 8 0.15%
G Points SC LTD 5,750,000 9 0.14%
Duke Realty BEMC Colleyville 5,229,575 10 0.13%
Total 184,060,288$ 2.48% 126,135,754$ 3.06%
Total assessed valuation 7,413,295,246 100.00% 4,123,384,940 100.00%
Source: Tarrant Appraisal District
a Taxpayers are assessed on January 1, 2024 (2024 tax year) for the 2025 fiscal year.
b Taxpayers are assessed on January 1, 2016 (2015 tax year) for the 2016 fiscal year.
20162025
City of Colleyville, Texas Table 8
Property Tax Levies and Collections
Last Ten Fiscal Years
(Unaudited)
105
Fiscal Year
Taxes Levied for
the Fiscal Year Amount
Percentage of
Levy
Collections in
Subsequent
Years Amount
Percentage of
Levy
2016 14,675,127$ 14,612,632$ 99.57% 55,529$ 14,668,161$ 99.95%
2017 15,508,345 15,423,832 99.46% 75,653 15,499,485 99.94%
2018 16,651,773 16,590,832 99.63% 52,284 16,643,116 99.95%
2019 16,902,499 16,847,431 99.67% 45,583 16,893,014 99.94%
2020 17,317,428 17,220,445 99.44% 86,235 17,306,680 99.94%
2021 17,582,870 17,531,183 99.71% 42,709 17,573,892 99.95%
2022 17,489,659 17,438,697 99.71% 38,810 17,477,507 99.93%
2023 17,622,608 17,558,548 99.64% 51,365 17,609,913 99.93%
2024 19,138,461 19,049,303 99.53% 58,803 19,108,106 99.84%
2025 20,475,818 20,410,675 99.68% - 20,410,675 99.68%
Source: Tarrant County Tax Office
Total Collections
Collected within the Fiscal Year
of the Levy
City of Colleyville, Texas Table 9
Principal Water Customers
Current Year and Nine Years Ago
(Unaudited)
106
Percentage Percentage
of Total City of Total City
Water Water Water Water
Taxpayer Usage Usage Usage Usage
City Government 48,414,100 2.15% -
School District 19,548,800 0.87% 31,294,000 1.42%
Fitness Center 10,241,500 0.46% 15,804,800 0.72%
Building Construction 8,984,500 0.40% 14,982,700 0.68%
Residential Home 8,144,300 0.36% - - %
Shopping Center 5,055,100 0.22% 4,629,900 0.21%
Shopping Center 4,453,300 0.20% 3,946,700 0.18%
Irrigation 4,239,400 0.19% 3,632,900 0.17%
Cemetery 4,053,900 0.18% 4,989,400 0.23%
Church 3,902,700 0.17% -
Homeowners Association 3,726,800 0.17% 3,286,700 0.15%
Radio Broadcasting 3,227,000 0.14% -
Homeowners Association 3,207,400 0.14% 4,488,800 0.20%
Grocery Store 3,182,900 0.14% -
Hotel 2,967,000 0.13% -
Health Care Facility 5,839,700 0.27%
Homeowners Association 3,840,200 0.17%
Homeowners Association 3,752,100 0.17%
Homeowners Association 3,663,000 0.17%
Car Wash 3,609,100 0.16%
Homeowners Association 3,205,600 0.15%
School District 3,051,400 0.14%
Restaurant 3,000,200 0.14%
Restaurant 2,915,300 0.13%
Homeowners Association 2,638,500 0.12%
Total 133,348,700 5.93% 122,571,000 5.58%
Notes: City chose not to include the exact names to protect the customers confidentiality.
Source: City utility billing records
2025 2016
City of Colleyville, Texas Table 10
Ratio of Outstanding Debt by Type
Last Ten Fiscal Years
(Unaudited)
107
General Sales Tax Water and Drainage Total Percentage
Fiscal Obligation Revenue Financed Subscription Sewer Revenue Revenue Primary of Personal
Year Bonds Bonds Premium Purchases Leases Based Leases Bonds Bonds Premium Government Income
a Per Capita a
2016 8,550,000$ 6,525,000$ 239,163$ 362,251$ $ - $ - 505,000$ 585,000$ 49,878$ 16,816,292$ 8373.73% 676$
2017 7,125,000 6,105,000 238,957 597,110 - - 155,000 475,000 24,939 14,721,006 7096.58% 696
2018 5,665,000 5,680,000 235,299 637,365 - - - 365,000 - 12,582,664 6065.75% 598
2019 4,155,000 5,235,000 225,279 443,675 - - - 250,000 - 10,308,954 4969.66% 503
2020 3,110,000 4,775,000 208,716 358,747 - - - 125,000 - 8,577,463 4055.06% 334
2021 2,700,000 - 172,787 950,476 130,576 - - - - 3,953,839 1869.21% 153
2022 2,275,000 - 129,870 639,922 96,879 - - - - 3,141,671 1434.11% 121
2023 1,840,000 10,030,000 277,738 695,819 173,694 289,308 - - - 13,306,559 5644.06% 517
2024 1,395,000 9,975,000 244,798 3,677,758 149,692 144,914 - - - 15,587,162 6092.59% 599
2025 940,000 9,920,000 211,858 3,312,243 149,860 - - - - 14,533,961 7139.68% 557
Note: Details regarding the City's outstanding debt can be found in the notes to the
financial statements.
a See Table 14 for personal income and population data.
Governmental Activities Business-Type Activities
City of Colleyville, Texas Table 11
Ratio of General Bonded Debt Outstanding
Last Ten Fiscal Years
(Unaudited)
108
Percentage of
General Less: Available Actual Taxable
Fiscal Obligation Debt Service Value of
Year Bonds Funds Total Property
a Per Capita b
2016 8,550,000$ 692,093$ 7,857,907$ 0.19% 353$
2017 7,363,957 612,641 6,751,316 0.15% 299
2018 5,665,000 1,936,893 3,728,107 0.07% 227
2019 4,155,000 1,476,905 2,678,095 0.05% 164
2020 3,110,000 951,204 2,158,796 0.04% 121
2021 2,700,000 1,059,604 1,640,396 0.03% 104
2022 2,275,000 876,349 1,398,651 0.02% 87
2023 1,840,000 388,085 1,451,915 0.02% 72
2024 1,395,000 220,287 1,174,713 0.02% 54
2025 940,000 168,735 771,265 0.01% 36
Note: Details regarding the city's outstanding debt can be found in the notes to the
financial statements.
a See Table 5 for property value data.
b See Table 14 for population data.
General Bonded Debt Outstanding
City of Colleyville, Texas Table 12
Direct and Overlapping Governmental Activities Debt
As of September 30, 2025
(Unaudited)
109
Gross Bonded
Debt
Percentage of
Debt Applicable
to Area
Share of
Overlapping Debt
Debt repaid with property taxes
Birdville Independent School District 575,575,000$ 0.06% 345,345$
Carroll Independent School District 233,465,000 0.30% 700,395
Grapevine-Colleyville Independent School District 302,425,000 24.61% 74,426,793
Hurst-Euless-Bedford Independent School District 813,765,000 1.30% 10,578,945
Keller Independent School District 678,700,000 3.68% 24,976,160
Tarrant County 314,050,000 2.53% 7,945,465
Tarrant County College District 547,535,000 2.53% 13,852,636
Tarrant County Hospital District 431,255,000 2.53% 10,910,752
Subtotal, overlapping debt 143,736,490
City of Colleyville (direct debt) 14,533,961 100.00% 14,533,961
Total direct and overlapping debt 158,270,451$
Source: Debt outstanding data provided by each school district and county.
Percentage of debt provided by the Municipal Advisory Council of Texas.
Governmental Unit
City of Colleyville, Texas Table 13
Demographic and Economic Statistics
Last Ten Calendar Years
(Unaudited)
110
Per Capita
Fiscal Estimated Personal Personal School Unemployment
Year Population
a Income Income Enrollment
b Rate c
2016 24,230 200,822$ 66,060$ 13,369 4.1%
2017 24,630 207,438 68,236 13,748 3.4%
2018 25,010 207,438 66,301 13,899 2.8%
2019 25,370 207,438 72,927 14,042 2.1%
2020 25,700 211,525 76,635 13,970 3.2%
2021 25,920 211,525 76,635 14,040 3.2%
2022 26,057 219,068 83,576 14,013 2.6%
2023 25,721 235,762 92,557 13,568 3.0%
2024 26,012 255,838 95,559 13,366 3.3%
2025 26,105 203,566 72,702 13,521 4.1%
a North Central Texas Council of Governments
b Grapevine-Colleyville Independent School District
c Texas Workforce Commission
City of Colleyville, Texas Table 14
Principal Employers
Current Year and Nine Years Ago
(Unaudited)
111
Employer Employees Rank
Percentage of
Total City
Employment Employees Rank
Percentage of
Total City
Employment
Grapevine Colleyville ISD 526 1 8.75% 611 1 11.80%
Market Street/United Supermarkets 400 2 6.65% 345 2 6.66%
City of Colleyville 228 3 3.79% 205 4 3.96%
Lifetime Fitness 200 4 3.33% 250 3 4.83%
Whole Foods Market 130 5 2.16% 125 6 2.41%
LaHacienda Ranch 102 6 1.70% 100 8 1.93%
Albertsons/Tom Thumb 99 7 1.65% 118 7 2.28%
Century 21 / Estates Judge Fite Co 97 8 1.61%
Covenant Christian Academy 80 9 1.33% 130 5 2.51%
Walmart Neighborhood Market 75 10 1.25% 72 9 1.39%
US Memory Care 60 10 1.16%
Total 1,937 32.21% 2,016 38.93%
Total Colleyville Daytime Employees 6,014 5,178
Source: City of Colleyville Economic Development
2025 2016
City of Colleyville, Texas Table 15
Full-Time Equivalent City Government Employees By Function/Program
Last Ten Fiscal Years
(Unaudited)
112
Function/Program 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
General government
Management services 3.75 5.00 4.20 3.20 3.20 3.20 3.20 3.20 3.20 3.20
*Court 4.00 4.00 5.00 6.00 6.00
Finance/court 8.00 9.00 9.00 9.00 9.00 4.00 4.00 4.00 4.00 4.00
Planning 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00
Building 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00
Other 14.14 12.14 12.80 11.80 11.80 11.80 11.80 12.93 12.30 12.80
Police
Officers 43.00 43.00 41.00 41.00 44.00 44.00 44.00 44.00 50.63 50.63
Civilians 6.50 6.00 8.00 8.00 6.73 6.73 6.73 6.73 6.73 6.73
Fire
Firefighters and officers 41.00 41.00 40.00 40.00 43.00 43.00 44.00 44.00 44.00 44.00
Civilians 1.00 1.00 1.50 1.50 1.50 1.50 2.00 2.00 2.00 2.00
Other public works
Engineering 4.75 2.75 2.75 2.75 2.75 2.75 2.75 2.75 2.75 2.75
Other 3.00 3.00 3.00 3.00 2.00 2.00 2.00 2.00 2.00 2.00
Streets 8.35 8.35 8.35 8.35 8.85 8.85 8.85 6.35 6.35 6.35
Parks and recreation 15.00 17.00 17.00 16.00 16.00 16.00 16.00 16.00 29.50 29.50
Library 13.00 13.00 13.00 12.50 12.50 12.50 12.50 12.75 12.75 12.75
Colleyville Center 4.50 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00
Water/wastewater 24.23 25.60 24.70 24.70 24.70 26.70 26.70 26.70 26.70 26.70
Drainage 6.41 6.41 6.20 6.20 6.20 6.20 6.20 6.20 6.20 6.20
Total 205.63 206.25 204.50 201.00 205.23 206.23 207.73 207.61 228.11 228.61
Source: City budget
Fiscal Year
*As of FY21, the Colleyville/Keller Municipal Court reports directly to City Management. Previously, it was out of the Finance Department.
City of Colleyville, Texas Table 16
Operating Indicators By Function/Program
Last Ten Fiscal Years
(Unaudited)
113
Function/Program 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
General government
Building permits issued 182 136 169 111 82 61 125 109 211 167
Building inspections conducted 8,940 10,666 11,981 10,519 7,321 6,970 7,954 5,519 5,617 5,076
Police
Physical arrests 918 602 715 491 190 234 267 242 313 499
Calls for service 43,492 34,437 33,765 30,296 51,364 49,445 45,830 34,013 32,868 34,836
Traffic violations 20,790 13,016 15,832 12,804 4,603 5,505 6,558 5,683 6,400 6,412
Fire
Emergency responses 1,783 1,768 1,758 1,797 1,779 2,246 2,083 2,094 2,192 2,133
Ambulance calls 1,037 967 1,000 1,004 939 1,089 1,228 1,184 1,282 1,284
Inspections 400 361 239 386 352 393 340 578 243 244
Other public works
Street resurfacing (miles) 10.9 6.8 6.0 21.9 7.0 10.0 13.7 3.2 3.1 9.0
Parks and recreation
Athletic field participants 4,302 4,517 4,386 4,570 2,500 4,361 5,029 5,493 5,470 5,603
Community center rentals 376 405 320 314 128 200 409 437 355 343
Library
Volumes in collection 80,452 82,182 71,188 70,161 74,939 72,871 73,208 73,938 73,839 70,221
Total volumes borrowed 222,128 227,252 237,124 234,477 145,218 246,043 247,076 265,351 266,564 272,618
Water
Customers 9,858 9,987 10,215 10,422 10,487 10,608 9,945 9,985 10,005 10,022
Average daily consumption
(thousands of gallons) 5,889 6,355 6,508 6,794 7,274 6,679 8,464 8,049 6,878 8,555
Peak daily consumption
(thousands of gallons) 15,724 12,434 15,830 14,616 17,562 13,497 19,339 18,978 15,799 13,789
Wastewater
Customers 9,071 9,270 9,444 9,453 9,619 9,832 9,760 9,799 9,828 9,855
Source: City departments
Fiscal Year
City of Colleyville, Texas Table 17
Capital Asset Statistics By Function/Program
Last Ten Fiscal Years
(Unaudited)
114
Function/Program 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Police
Stations 1 1 1 1 1 1 1 1 1 1
Patrol units 13 13 13 13 13 13 13 13 22 22
Fire
Stations 3 3 3 3 3 3 3 3 3 3
Public works
Streets (miles) 283 289 289 289 289 289 289 289 289 289
Streetlights 1,269 1,269 1,338 1,338 1,338 1,338 1,338 1,338 1,338 1,338
Traffic signals 2 2 2 2 2 2 2 2 2 2
Parks and recreation
Acreage 225 225 225 225 225 225 225 225 225 225
Playgrounds 7 7 7 7 7 7 7 9 9 9
Baseball/softball diamond 9 9 9 9 9 9 9 9 9 11
Soccer fields 14 14 14 14 14 14 14 14 14 14
Community center 1 1 1 1 1 1 1 1 1 1
Water
Water mains (miles) 206 206 206 206 206 206 206 206 206 206
Fire hydrants 1,507 1,517 1,521 1,529 1,529 1,529 1,529 1,529 1,564 1,571
Storage capacity 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500
(thousands of gallons)
Wastewater
Sanitary sewer (miles 179 180 180 180 180 180 180 180 180 180
Storm sewers (miles) 69 70 70 70 70 70 70 70 70 70
Source: City departments
a Baseball, softball, soccer and multipurpose fields combined through 2014
Fiscal Year
2300 North Field Street, Suite 1000
Dallas, Texas 75201
972-490-1970
Weaver and Tidwell, L.L.P.
CPAs AND ADVISORS | WEAVER.COM
February 10, 2026
To the Honorable Mayor, Members of the City Council, and the City Manager of
The City of Colleyville, Texas
We have audited the financial statements of the City of Colleyville (the “City”), Texas as of and for the year ended
September 30, 2025, and have issued our report thereon dated February 10, 2026. Professional standards require
that we advise you of the following matters relating to our audit.
Our Responsibility in Relation to the Financial Statement Audit
As communicated in our engagement letter dated July 14, 2025, our responsibility, as described by professional
standards, is to form and express an opinion(s) about whether the financial statements that have been prepared
by management with your oversight are presented fairly, in all material respects, in accordance with accounting
principles generally accepted in the United States of America. Our audit of the financial statements does not
relieve you or management of your respective responsibilities.
Our responsibility, as prescribed by professional standards, is to plan and perform our audit to obtain reasonable,
rather than absolute, assurance about whether the financial statements are free of material misstatement. An audit
of financial statements includes consideration of the system of internal control over financial reporting as a basis
for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the entity’s internal control over financial reporting. Accordingly, as part of our
audit, we considered the system of internal control of the City solely for the purpose of determining our audit
procedures and not to provide any assurance concerning such internal control.
We are also responsible for communicating significant matters related to the audit that are, in our professional
judgment, relevant to your responsibilities in overseeing the financial reporting process. However, we are not
required to design procedures for the purpose of identifying other matters to communicate to you.
Planned Scope and Timing of the Audit
We conducted our audit consistent with the planned scope and timing we previously communicated to you,
including:
How we addressed the significant risks of material misstatement, whether due to fraud or error.
Our approach to internal control relevant to the audit.
The concept of materiality in planning and executing the audit, focusing on the factors considered
rather than on specific thresholds or amounts.
The nature and extent of specialized skills or knowledge needed to plan and evaluate the results of the
audit, including the use of an auditor's expert.
Our planned approach to address the implications for the individual statements and the disclosures of
any significant changes within the applicable financial reporting framework or in the entity's
environment, financial condition, or activities.
Where the entity has an internal audit function, the extent to which the auditor will use the work of
internal audit, and how the external and internal auditors can best work together.
The City of Colleyville, Texas
February 10, 2026
Page 2
Your views and knowledge about matters you consider warrant our attention during the audit, as well as your
views on:
o The allocation of responsibilities between you and management.
o The entity's objectives and strategies, and the related business risks that may result in material
misstatements.
o Significant communications between the entity and regulators.
o Other matters you believe are relevant to the audit of the financial statements.
Compliance with All Ethics Requirements Regarding Independence
The engagement team, others in our firm, as appropriate, our firm, and our network firms have complied with all
relevant ethical requirements regarding independence.
Significant Risks Identified
We have identified the following significant risks:
Improper revenue recognition is considered an inherent risk according to GAAS
Management override of controls is considered an inherent risk according to GAAS
Qualitative Aspects of the Entity’s Significant Accounting Practices
Significant Accounting Policies
Management has the responsibility to select and use appropriate accounting policies. A summary of the
significant accounting policies adopted by the City is included in Note 1 to the financial statements. There have
been no initial selection of accounting policies and no changes in significant accounting policies or their
application during fiscal year 2025. No matters have come to our attention that would require us, under
professional standards, to inform you about (1) the methods used to account for significant unusual transactions
and (2) the effect of significant accounting policies in controversial or emerging areas for which there is a lack of
authoritative guidance or consensus.
Significant Accounting Estimates and Related Disclosures
Accounting estimates and related disclosures are an integral part of the financial statements prepared by
management and are based on management’s current judgments. Those judgments are normally based on
knowledge and experience about past and current events and assumptions about future events. Certain
accounting estimates are particularly sensitive because of their significance to the financial statements and
because of the possibility that future events affecting them may differ markedly from management’s current
judgments.
The most sensitive accounting estimates affecting the financial statements include Management’s estimate of the
Net Pension Liabilities and other amounts requires management to determine the estimates based on the
projected rate of increase in future compensation levels, mortality and weighted average expected long-term rate
of return on pension assets. We evaluated the key factors and assumptions used to develop the estimates and
determined that it is reasonable in relation to the basic financial statements taken as a whole and in relation to the
applicable opinion units.
Management’s estimate of the Other Post-Employment Benefits Liabilities and other amounts requires
management to determine estimates based on long-term rate of return on assets, and healthcare cost trend rates.
We evaluated the key factors and assumptions used to develop the estimates and determined that it is reasonable
in relation to the basic financial statements taken as a whole and in relation to the applicable opinion units.
The City of Colleyville, Texas
February 10, 2026
Page 3
Significant Unusual Transactions
For purposes of this communication, professional standards require us to communicate to you significant unusual
transactions identified during our audit. None were noted during the course of the audit.
Significant Difficulties Encountered during the Audit
We encountered no significant difficulties in dealing with management relating to the performance of the audit.
Uncorrected and Corrected Misstatements
For purposes of this communication, professional standards also require us to accumulate all known and likely
misstatements identified during the audit, other than those that we believe are trivial, and communicate them to
the appropriate level of management. Further, professional standards require us to also communicate the effect of
uncorrected misstatements related to prior periods on the relevant classes of transactions, account balances or
disclosures, and the financial statements as a whole and each applicable opinion unit. There were no uncorrected
or corrected mistatements for fiscal year 2025.
Disagreements with Management
For purposes of this letter, professional standards define a disagreement with management as a matter, whether
or not resolved to our satisfaction, concerning a financial accounting, reporting, or auditing matter, which could
be significant to the City’s financial statements or the auditor’s report. No such disagreements arose during the
course of the audit.
Circumstances that Affect the Form and Content of the Auditor’s Report
For purposes of this letter, professional standards require that we communicate any circumstances that affect the
form and content of our auditor’s report. None were noted.
Representations Requested from Management
We have requested certain written representations from management, which are included in the management
letter dated February 10, 2026, that will be dated the date of the release of the financial statements.
Management’s Consultations with Other Accountants
In some cases, management may decide to consult with other accountants about auditing and accounting
matters. Management informed us that, and to our knowledge, there were no consultations with other
accountants regarding auditing and accounting matters.
Other Significant Matters, Findings, or Issues
In the normal course of our professional association with the City, we generally discuss a variety of matters,
including the application of accounting principles and auditing standards, significant events or transactions that
occurred during the year, operating and regulatory conditions affecting the entity, and operational plans and
strategies that may affect the risks of material misstatement. None of the matters discussed resulted in a condition
to our retention as the City’s auditors.
WEAVER AND TIDWELL, L.L.P.
Dallas, Texas
2300 North Field Street, Suite 1000
Dallas, Texas 75201
972-490-1970
Weaver and Tidwell, L.L.P.
CPAs AND ADVISORS | WEAVER.COM
Independent Auditor’s Report on Internal Control over Financial
Reporting and on Compliance and other Matters Based on an
Audit of Financial Statements Performed in Accordance
with Government Auditing Standards
The Honorable Mayor and City Council of
City of Colleyville, Texas
We have audited, in accordance with the auditing standards generally accepted in the United States of America
and the standards applicable to financial audits contained in Government Auditing Standards issued by the
Comptroller General of the United States, the financial statements of the governmental activities, the
business-type activities, the discretely presented component unit, each major fund, and the aggregate remaining
fund information of the City of Colleyville, Texas (the “City”), as of and for the year ended September 30, 2025, and
the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and
have issued our report thereon dated February 10, 2025.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City’s internal control over
financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the
circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of
expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we do not express an
opinion on the effectiveness of the City’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or
employees in the normal course of performing their assigned functions, to prevent, or detect and correct
misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal
control, such that there is a reasonable possibility that a material misstatement of the City’s financial statements
will not be prevented or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a
combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough
to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section
and was not designed to identify all deficiencies in internal control that might be material weaknesses or
significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal
control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may
exist that were not identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City’s financial statements are free from material
misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and
grant agreements, noncompliance with which could have a direct and material effect on the financial statements.
However, providing an opinion on compliance with those provisions was not an objective of our audit and,
accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance
or other matters that are required to be reported under Government Auditing Standards.
The Honorable Mayor and City Council of
City of Colleyville, Texas
Purpose of This Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the
results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control or on
compliance. This report is an integral part of an audit performed in accordance with Government Auditing
Standards in considering the City’s internal control and compliance. Accordingly, this communication is not
suitable for any other purpose.
WEAVER AND TIDWELL, L.L.P.
Dallas, Texas
February 10, 2026
City of Colleyville Page 1
CITY OF COLLEYVILLE
AUDIT COMMITTEE BRIEFING
Agenda Number Agenda Date 2/17/2026 Number -
Type Report
Department Finance
Title
Quarterly investment report as of December 31, 2025
Explanation
Attachments
1. Quarterly Investment Report 12/25
Asset Category Face Amount/Shares Market Value Book Value % of Portfolio YTM @ Cost Days To Maturity
CD | Negotiable (Brokered) | 100%5,596,000.00 5,612,321.95 5,596,041.67 7.50 4.09 252
Operating Cash | TBD%15,457,207.24 15,457,207.24 15,457,207.24 20.71 3.47 1
TX LGIP | 75%46,685,498.99 46,685,498.99 46,685,498.99 62.55 3.81 1
TX LGIP Commerical Paper | 5%1,923,997.10 1,923,997.10 1,923,997.10 2.58 3.95 1
US Agency | 75%5,013,000.00 4,983,845.66 4,974,305.71 6.66 4.10 309
Total / Average 74,675,703.33 74,662,870.94 74,637,050.71 100.00 3.78 40
Date
Date
Date
Karen Hines, Accounting Manager
Cassie Smith, Finance DirectorMark Wood, Assistant City Manager
Compliance | The City of Colleyville was in compliance with its investment policy and the Public Funds Investment Act. Specifically, the City only purchases
securities from brokers who have reviewed the investment policy and signed a statement agreeing to comply with it. The maturity dates of the City’s investments
will meet the anticipated cash flow needs of the City.
City of Colleyville | Texas
MONTHLY INVESTMENT REPORT
December 31, 2025
1
1/27/2026
Asset Category Allocation
Asset Category Market Value
9/30/2025
% of Portfolio
9/30/2025
Market Value
12/31/2025
% of Portfolio
12/31/2025
CD | Negotiable (Brokered) | 100%5,611,765.35 7.60 5,612,321.95 7.63
Operating Cash | TBD%14,333,057.52 19.40 15,457,207.24 21.03
TX LGIP | 75%47,069,097.98 63.71 45,532,474.31 61.94
TX LGIP Commerical Paper | 5%1,904,277.57 2.58 1,923,997.10 2.62
US Agency | 75%4,967,552.21 6.72 4,983,845.66 6.78
Total / Average 73,885,750.63 100.00 73,509,846.26 100.00
Portfolio Holdings as of 9/30/2025 Portfolio Holdings as of 12/31/2025
% TBD, pending investment policy clarification
Begin Date: 9/30/2025, End Date: 12/31/2025Investment Policy Compliance
Distribution by Asset Category - Market Value
City of Colleyville | TX
2
Month
Beginning BV +
Accrued Interest
Interest Earned
During Period-BV
Realized
Gain/Loss-BV
Investment
Income-BV
Average Capital
Base-BV TRR-BV
Annualized
TRR-BV
Treasury 1
Year
7/31/2025 81,212,796.52 231,842.44 0.00 231,842.44 80,836,619.17 0.29 3.50 4.08
8/31/2025 80,654,164.49 230,076.19 0.00 230,076.19 80,607,444.93 0.29 3.48 3.89
9/30/2025 81,123,727.27 217,788.08 0.00 217,788.08 79,843,073.17 0.27 3.32 3.66
10/31/2025 75,106,617.79 213,416.15 0.00 213,416.15 75,133,081.72 0.28 3.46 3.61
11/30/2025 75,499,957.49 198,492.81 0.00 198,492.81 74,781,250.42 0.27 3.23 3.66
12/31/2025 73,440,850.93 193,711.38 0.00 193,711.38 73,360,453.66 0.26 3.22 3.54
Annualized TRR-BV
Total/Average 81,212,796.52 1,285,327.05 0.00 1,285,327.05 76,951,327.72 1.67 3.37 3.74
Begin Date: 7/31/2025, End Date: 12/31/2025All Portfolios
Total Rate of Return - Book Value by Month
City of Colleyville | TX
3
Month Market Value Book Value Unrealized Gain/Loss YTM @ Cost YTM @ Market Duration Days To Maturity
7/31/2025 80,564,478.16 80,575,133.84 -10,655.68 4.30 4.31 0.14 54
8/31/2025 81,048,386.83 81,031,686.98 16,699.85 4.29 4.27 0.13 50
9/30/2025 75,027,120.28 75,004,738.50 22,381.78 4.23 4.20 0.13 50
10/31/2025 75,453,859.04 75,429,738.60 24,120.44 4.03 3.99 0.12 46
11/30/2025 73,388,464.03 73,369,319.75 19,144.28 3.89 3.86 0.12 44
12/31/2025 74,662,870.94 74,637,050.71 25,820.23 3.78 3.73 0.11 40
Total / Average 76,690,863.21 76,674,611.40 16,251.82 4.09 4.07 0.13 47
Market Value / Book Value Comparison
Begin Date: 7/31/2025, End Date: 12/31/2025All Portfolios
Portfolio Summary by Month
City of Colleyville | TX
4
Maturity Range Allocation
Maturity Range Market Value
9/30/2025
% of Portfolio
9/30/2025
Market Value
12/31/2025
% of Portfolio
12/31/2025
0-1 Month 64,447,802.72 85.90 64,305,746.35 86.13
1-3 Months 741,171.93 0.99 1,743,403.89 2.34
3-6 Months 1,984,104.65 2.64 477,544.86 0.64
6-9 Months 477,384.06 0.64 3,832,963.37 5.13
9-12 Months 3,816,928.45 5.09 1,960,065.40 2.63
1-2 Years 1,949,680.26 2.60 2,343,147.07 3.14
2-3 Years 1,610,048.21 2.15 0.00 0.00
Total / Average 75,027,120.28 100.00 74,662,870.94 100.00
Portfolio Holdings as of 9/30/2025 Portfolio Holdings as of 12/31/2025
Begin Date: 9/30/2025, End Date: 12/31/2025All Portfolios
Distribution by Maturity Range - Market Value
City of Colleyville | TX
5
Security Type Allocation
Security Type Market Value
9/30/2025
% of Portfolio
9/30/2025
Market Value
12/31/2025
% of Portfolio
12/31/2025
Cash 14,320,224.97 19.09 15,457,207.24 20.70
FFCB Bond 1,610,048.21 2.15 1,612,435.45 2.16
FHLB Bond 3,357,504.00 4.48 3,371,410.21 4.52
Local Government Investment Pool 50,114,745.20 66.80 48,609,496.09 65.11
Money Market 12,832.55 0.02 0.00 0.00
Negotiable Certificate Of Deposit 5,611,765.35 7.48 5,612,321.95 7.52
Total / Average 75,027,120.28 100.00 74,662,870.94 100.00
Portfolio Holdings as of 9/30/2025 Portfolio Holdings as of 12/31/2025
Begin Date: 9/30/2025, End Date: 12/31/2025All Portfolios
Distribution by Security Type - Market Value
City of Colleyville | TX
6
Main Fund Allocation
Main Fund Market Value
9/30/2025
% of Portfolio
9/30/2025
Market Value
12/31/2025
% of Portfolio
12/31/2025
1 | General Fund 16,919,427.06 22.55 18,033,823.82 24.15
2 | Debt Service Funds 349,101.37 0.47 570,573.43 0.76
3 | Capital Project Funds 28,963,699.91 38.60 33,213,701.30 44.48
4 | Special Revenue Funds 9,703,450.00 12.93 7,479,186.81 10.02
5 | Enterprise Funds 17,819,109.59 23.75 14,071,647.88 18.85
6 | Fiduciary Funds 15,757.51 0.02 16,958.09 0.02
None 1,256,574.84 1.67 1,276,979.61 1.71
Total / Average 75,027,120.28 100.00 74,662,870.94 100.00
Portfolio Holdings as of 9/30/2025 Portfolio Holdings as of 12/31/2025
Begin Date: 9/30/2025, End Date: 12/31/2025All Portfolios
Distribution by Main Fund - Market Value
City of Colleyville | TX
7
83616HAG9 909.36SOUND 4.3 2/2/2026 0.000.001/1/2026 909.36
90355GWT9 867.07UBS Bank USA 4.1 6/4/2027 0.000.001/4/2026 867.07
59013K7B6 815.22Merrick Bank 4.05 5/8/2026 0.000.001/9/2026 815.22
29367RNH5 835.34Enterprise Bank 4.15 12/10/2026 0.000.001/10/2026 835.34
32022RYV3 805.151st Financial Bank USA 4 7/10/2026 0.000.001/10/2026 805.15
89841MCT2 803.62TRUSTONEE FINANCIAL 3.8 11/13/2026 0.000.001/14/2026 803.62
01882MAK8 835.34ALLIANT CR UN 3.95 10/15/2026 0.000.001/15/2026 835.34
48836LCM2 877.64Kemba Financial 4.15 7/24/2026 0.000.001/24/2026 877.64
30191MAL1 845.92FFB Bank 4 11/27/2026 0.000.001/27/2026 845.92
77357DAL2 249,277.00Rockland Fed Credit Union 4.3 1/30/2026 239,000.00239,000.001/30/2026 10,277.00
256,871.66239,000.00January 2026 17,871.66
83616HAG9 909.36SOUND 4.3 2/2/2026 0.000.002/1/2026 909.36
83616HAG9 249,029.33SOUND 4.3 2/2/2026 249,000.00249,000.002/2/2026 29.33
90355GWT9 867.07UBS Bank USA 4.1 6/4/2027 0.000.002/4/2026 867.07
59013K7B6 815.22Merrick Bank 4.05 5/8/2026 0.000.002/9/2026 815.22
29367RNH5 835.34Enterprise Bank 4.15 12/10/2026 0.000.002/10/2026 835.34
32022RYV3 805.151st Financial Bank USA 4 7/10/2026 0.000.002/10/2026 805.15
89841MCT2 803.62TRUSTONEE FINANCIAL 3.8 11/13/2026 0.000.002/14/2026 803.62
01882MAK8 835.34ALLIANT CR UN 3.95 10/15/2026 0.000.002/15/2026 835.34
26879TAK5 2,521.43EPB Employeees Cr Un 4.05 9/21/2026 0.000.002/21/2026 2,521.43
48836LCM2 877.64Kemba Financial 4.15 7/24/2026 0.000.002/24/2026 877.64
02589AGP1 5,017.91American Express 4.2 2/26/2027 0.000.002/26/2026 5,017.91
61776NMA8 5,141.92Morgan Stanley Bank 4.25 2/26/2027 0.000.002/26/2026 5,141.92
22282XAN0 2,521.43COVANTAGE 4.05 8/27/2026 0.000.002/27/2026 2,521.43
30191MAL1 845.92FFB Bank 4 11/27/2026 0.000.002/27/2026 845.92
CUSIP TotalDescriptionPrincipal AmountFace Amount/SharesDate Interest/Dividends
Begin Date: 01-2026, End Date: 06-2026All Portfolios
Projected Cash Flow by Month
City of Colleyville | TX
8
271,826.68249,000.00February 2026 22,826.68
90355GWT9 783.16UBS Bank USA 4.1 6/4/2027 0.000.003/4/2026 783.16
320437AH9 249,021.39First Guaranty Bank 4.15 3/6/2026 244,000.00244,000.003/6/2026 5,021.39
59013K7B6 736.32Merrick Bank 4.05 5/8/2026 0.000.003/9/2026 736.32
29367RNH5 754.50Enterprise Bank 4.15 12/10/2026 0.000.003/10/2026 754.50
32022RYV3 727.231st Financial Bank USA 4 7/10/2026 0.000.003/10/2026 727.23
60700PLY5 258,540.00Mizuho Bank USA Instl 4.25 3/12/2026 248,000.00248,000.003/12/2026 10,540.00
3130ATMJ3 1,019,583.33FHLB 4.7 3/13/2026 1,000,000.001,000,000.003/13/2026 19,583.33
89841MCT2 725.85TRUSTONEE FINANCIAL 3.8 11/13/2026 0.000.003/14/2026 725.85
01882MAK8 754.50ALLIANT CR UN 3.95 10/15/2026 0.000.003/15/2026 754.50
48836LCM2 792.71Kemba Financial 4.15 7/24/2026 0.000.003/24/2026 792.71
30191MAL1 764.05FFB Bank 4 11/27/2026 0.000.003/27/2026 764.05
1,533,183.041,492,000.00March 2026 41,183.04
90355GWT9 867.07UBS Bank USA 4.1 6/4/2027 0.000.004/4/2026 867.07
59013K7B6 815.22Merrick Bank 4.05 5/8/2026 0.000.004/9/2026 815.22
29367RNH5 835.34Enterprise Bank 4.15 12/10/2026 0.000.004/10/2026 835.34
32022RYV3 805.151st Financial Bank USA 4 7/10/2026 0.000.004/10/2026 805.15
89841MCT2 803.62TRUSTONEE FINANCIAL 3.8 11/13/2026 0.000.004/14/2026 803.62
01882MAK8 835.34ALLIANT CR UN 3.95 10/15/2026 0.000.004/15/2026 835.34
48836LCM2 877.64Kemba Financial 4.15 7/24/2026 0.000.004/24/2026 877.64
30191MAL1 845.92FFB Bank 4 11/27/2026 0.000.004/27/2026 845.92
6,685.300.00April 2026 6,685.30
90355GWT9 839.10UBS Bank USA 4.1 6/4/2027 0.000.005/4/2026 839.10
59013K7B6 237,762.62Merrick Bank 4.05 5/8/2026 237,000.00237,000.005/8/2026 762.62
29367RNH5 808.40Enterprise Bank 4.15 12/10/2026 0.000.005/10/2026 808.40
CUSIP TotalDescriptionPrincipal AmountFace Amount/SharesDate Interest/Dividends
Begin Date: 01-2026, End Date: 06-2026All Portfolios
Projected Cash Flow by Month
City of Colleyville | TX
9
32022RYV3 779.181st Financial Bank USA 4 7/10/2026 0.000.005/10/2026 779.18
89841MCT2 777.70TRUSTONEE FINANCIAL 3.8 11/13/2026 0.000.005/14/2026 777.70
01882MAK8 808.40ALLIANT CR UN 3.95 10/15/2026 0.000.005/15/2026 808.40
05612LCL4 4,920.47BMW Bank of North America 4.05 11/16/2026 0.000.005/15/2026 4,920.47
26879TAK5 2,439.21EPB Employeees Cr Un 4.05 9/21/2026 0.000.005/21/2026 2,439.21
48836LCM2 849.33Kemba Financial 4.15 7/24/2026 0.000.005/24/2026 849.33
22282XAN0 2,439.21COVANTAGE 4.05 8/27/2026 0.000.005/27/2026 2,439.21
61690DB49 5,021.39Morgan Stanley Bank 4.15 11/27/2026 0.000.005/27/2026 5,021.39
30191MAL1 818.63FFB Bank 4 11/27/2026 0.000.005/27/2026 818.63
258,263.64237,000.00May 2026 21,263.64
90355GWT9 867.07UBS Bank USA 4.1 6/4/2027 0.000.006/4/2026 867.07
29367RNH5 835.34Enterprise Bank 4.15 12/10/2026 0.000.006/10/2026 835.34
32022RYV3 805.151st Financial Bank USA 4 7/10/2026 0.000.006/10/2026 805.15
68405VCV9 4,966.36Optum Bank, Inc 4.15 12/11/2026 0.000.006/11/2026 4,966.36
89841MCT2 803.62TRUSTONEE FINANCIAL 3.8 11/13/2026 0.000.006/14/2026 803.62
01882MAK8 835.34ALLIANT CR UN 3.95 10/15/2026 0.000.006/15/2026 835.34
48836LCM2 877.64Kemba Financial 4.15 7/24/2026 0.000.006/24/2026 877.64
38150VF61 244,786.85Goldman Sachs Bank USA 4 6/24/2026 240,000.00240,000.006/24/2026 4,786.85
30191MAL1 845.92FFB Bank 4 11/27/2026 0.000.006/27/2026 845.92
3130AMSS2 2,412,600.00FHLB 1.05 6/30/2026-23 2,400,000.002,400,000.006/30/2026 12,600.00
2,668,223.292,640,000.00June 2026 28,223.29
4,995,053.614,857,000.00TOTAL 138,053.61
CUSIP TotalDescriptionPrincipal AmountFace Amount/SharesDate Interest/Dividends
Begin Date: 01-2026, End Date: 06-2026All Portfolios
Projected Cash Flow by Month
City of Colleyville | TX
10
CD | Negotiable (Brokered) | 100%
32022RYV3
1st Financial Bank USA 4 7/10/2026
237,000.00
1/10/2025
4.00 237,000.00
237,000.00 100.19
3.64 545.42
237,440.82
440.82
0.32%
FDIC Insured
FDIC Insured
0.52
191
01882MAK8
ALLIANT CR UN 3.95 10/15/2026
249,000.00
10/15/2025
3.95 249,000.00
249,000.00 100.27
3.60 431.15
249,674.79
674.79
0.34%
FDIC Insured
FDIC Insured
0.78
288
02589AGP1
American Express 4.2 2/26/2027
237,000.00
2/26/2025
4.20 237,000.00
237,000.00 100.63
3.64 3,463.45
238,483.62
1,483.62
0.32%
FDIC Insured
FDIC Insured
1.12
422
06051XZA3
Bank of America 4.1 7/23/2026
240,000.00
7/23/2025
4.10 240,000.00
240,000.00 100.23
3.61 4,340.38
240,559.20
559.20
0.33%
FDIC Insured
FDIC Insured
0.56
204
05612LCL4
BMW Bank of North America 4.05 11/16/2026
245,000.00
11/15/2024
4.05 245,000.00
245,000.00 100.44
3.54 1,250.51
246,068.20
1,068.20
0.33%
FDIC Insured
FDIC Insured
0.87
320
219236BZ8
Cornerstone Bank 4.05 7/24/2026
240,000.00
7/25/2025
4.05 240,000.00
240,000.00 100.21
3.61 4,234.19
240,499.20
499.20
0.33%
FDIC Insured
FDIC Insured
0.56
205
22282XAN0
COVANTAGE 4.05 8/27/2026
247,000.00
8/27/2025
4.05 247,000.00
247,000.00 100.27
3.64 931.83
247,654.55
654.55
0.34%
FDIC Insured
FDIC Insured
0.65
239
29367RNH5
Enterprise Bank 4.15 12/10/2026
237,000.00
12/10/2024
4.15 237,000.00
237,000.00 100.52
3.59 565.88
238,230.03
1,230.03
0.32%
FDIC Insured
FDIC Insured
0.92
344
26879TAK5
EPB Employeees Cr Un 4.05 9/21/2026
247,000.00
5/21/2025
4.05 247,000.00
247,000.00 100.33
3.59 1,096.27
247,805.22
805.22
0.34%
FDIC Insured
FDIC Insured
0.72
264
30191MAL1
FFB Bank 4 11/27/2026
249,000.00
11/27/2024
4.00 249,000.00
249,000.00 100.30
3.66 109.15
249,749.49
749.49
0.34%
FDIC Insured
FDIC Insured
0.89
331
320437AH9
First Guaranty Bank 4.15 3/6/2026
244,000.00
9/6/2024
4.15 244,000.00
244,000.00 100.05
3.84 3,218.13
244,112.24
112.24
0.33%
FDIC Insured
FDIC Insured
0.18
65
34061LAE8
Florida CR UN 3.8 12/15/2026
240,000.00
12/15/2025
3.80 240,000.00
240,000.00 100.20
3.58 399.78
240,484.80
484.80
0.33%
FDIC Insured
FDIC Insured
0.96
349
CUSIP
Face Amount /
Shares
Settlement DateDescription
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 12/31/2025Investment Policy Compliance
Portfolio Holdings by Asset Category
City of Colleyville | TX
11
38150VF61
Goldman Sachs Bank USA 4 6/24/2026
240,000.00
12/24/2024
4.00 240,000.00
240,000.00 100.15
3.68 184.11
240,360.00
360.00
0.33%
FDIC Insured
FDIC Insured
0.48
175
48836LCM2
Kemba Financial 4.15 7/24/2026
249,000.00
7/24/2025
4.15 249,000.00
249,000.00 100.26
3.68 198.18
249,652.38
652.38
0.34%
FDIC Insured
FDIC Insured
0.56
205
59013K7B6
Merrick Bank 4.05 5/8/2026
237,000.00
5/9/2025
4.00 237,041.67
237,118.50 100.08
3.83 578.54
237,184.86
143.19
0.32%
FDIC Insured
FDIC Insured
0.35
128
60700PLY5
Mizuho Bank USA Instl 4.25 3/12/2026
248,000.00
3/12/2025
4.25 248,000.00
248,000.00 100.06
3.80 8,489.75
248,153.76
153.76
0.34%
FDIC Insured
FDIC Insured
0.19
71
61690DB49
Morgan Stanley Bank 4.15 11/27/2026
244,000.00
11/27/2024
4.15 244,000.00
244,000.00 100.49
3.59 943.24
245,205.36
1,205.36
0.33%
FDIC Insured
FDIC Insured
0.9
331
61776NMA8
Morgan Stanley Bank 4.25 2/26/2027
240,000.00
2/26/2025
4.25 240,000.00
240,000.00 100.68
3.64 3,549.04
241,634.40
1,634.40
0.33%
FDIC Insured
FDIC Insured
1.12
422
68405VCV9
Optum Bank, Inc 4.15 12/11/2026
240,000.00
12/11/2024
4.15 240,000.00
240,000.00 100.51
3.60 545.75
241,212.00
1,212.00
0.33%
FDIC Insured
FDIC Insured
0.93
345
77357DAL2
Rockland Fed Credit Union 4.3 1/30/2026
239,000.00
1/30/2025
4.30 239,000.00
239,000.00 100.02
3.93 9,432.32
239,043.02
43.02
0.33%
FDIC Insured
FDIC Insured
0.08
30
83616HAG9
SOUND 4.3 2/2/2026
249,000.00
1/31/2025
4.30 249,000.00
249,000.00 100.03
3.94 880.03
249,079.68
79.68
0.34%
FDIC Insured
FDIC Insured
0.09
33
89841MCT2
TRUSTONEE FINANCIAL 3.8 11/13/2026
249,000.00
11/14/2025
3.80 249,000.00
249,000.00 100.18
3.59 440.70
249,440.73
440.73
0.34%
FDIC Insured
FDIC Insured
0.85
317
90355GWT9
UBS Bank USA 4.1 6/4/2027
249,000.00
6/4/2025
4.10 249,000.00
249,000.00 100.64
3.64 755.19
250,593.60
1,593.60
0.34%
FDIC Insured
FDIC Insured
1.38
520
252
0.68
7.64%
16,280.28
5,612,321.95
46,582.993.67
5,596,118.50
5,596,041.674.095,596,000.00Sub Total CD | Negotiable (Brokered) |
100%
Operating Cash | TBD%
CUSIP
Face Amount /
Shares
Settlement DateDescription
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 12/31/2025Investment Policy Compliance
Portfolio Holdings by Asset Category
City of Colleyville | TX
12
OPERATINGCASH
Cash | Operating Cash
221,396.70
6/30/2024
3.47 221,396.70
221,396.70 100.00
3.47
221,396.70
0.00
0.3%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
924,177.54
6/30/2024
3.47 924,177.54
924,177.54 100.00
3.47
924,177.54
0.00
1.26%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
112,396.49
6/30/2024
3.47 112,396.49
112,396.49 100.00
3.47
112,396.49
0.00
0.15%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
5,090,955.62
6/30/2024
3.47 5,090,955.62
5,090,955.62 100.00
3.47
5,090,955.62
0.00
6.93%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
57,694.09
6/30/2024
3.47 57,694.09
57,694.09 100.00
3.47
57,694.09
0.00
0.08%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
-28,776.25
6/30/2024
3.47 -28,776.25
-28,776.25 100.00
3.47
-28,776.25
0.00
-0.04%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
296,357.52
6/30/2024
3.47 296,357.52
296,357.52 100.00
3.47
296,357.52
0.00
0.4%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
704,131.19
6/30/2024
3.47 704,131.19
704,131.19 100.00
3.47
704,131.19
0.00
0.96%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
54,743.96
6/30/2024
3.47 54,743.96
54,743.96 100.00
3.47
54,743.96
0.00
0.07%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
570,573.43
6/30/2024
3.47 570,573.43
570,573.43 100.00
3.47
570,573.43
0.00
0.78%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
16,958.09
6/30/2024
3.47 16,958.09
16,958.09 100.00
3.47
16,958.09
0.00
0.02%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
93,830.44
6/30/2024
3.47 93,830.44
93,830.44 100.00
3.47
93,830.44
0.00
0.13%
NR
NR
0
1
CUSIP
Face Amount /
Shares
Settlement DateDescription
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 12/31/2025Investment Policy Compliance
Portfolio Holdings by Asset Category
City of Colleyville | TX
13
OPERATINGCASH
Cash | Operating Cash
1,193,548.38
6/30/2024
3.47 1,193,548.38
1,193,548.38 100.00
3.47
1,193,548.38
0.00
1.62%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
-2,288,685.52
6/30/2024
3.47 -2,288,685.52
-2,288,685.52 100.00
3.47
-2,288,685.52
0.00
-3.11%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
35,683.23
6/30/2024
3.47 35,683.23
35,683.23 100.00
3.47
35,683.23
0.00
0.05%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
133,140.89
6/30/2024
3.47 133,140.89
133,140.89 100.00
3.47
133,140.89
0.00
0.18%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
1,816.54
6/30/2024
3.47 1,816.54
1,816.54 100.00
3.47
1,816.54
0.00
0%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
78,475.88
6/30/2024
3.47 78,475.88
78,475.88 100.00
3.47
78,475.88
0.00
0.11%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
160,682.24
6/30/2024
3.47 160,682.24
160,682.24 100.00
3.47
160,682.24
0.00
0.22%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
338,889.87
6/30/2024
3.47 338,889.87
338,889.87 100.00
3.47
338,889.87
0.00
0.46%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
517,021.07
6/30/2024
3.47 517,021.07
517,021.07 100.00
3.47
517,021.07
0.00
0.7%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
776,523.18
6/30/2024
3.47 776,523.18
776,523.18 100.00
3.47
776,523.18
0.00
1.06%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
149,177.46
6/30/2024
3.47 149,177.46
149,177.46 100.00
3.47
149,177.46
0.00
0.2%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
4,084,475.47
6/30/2024
3.47 4,084,475.47
4,084,475.47 100.00
3.47
4,084,475.47
0.00
5.56%
NR
NR
0
1
CUSIP
Face Amount /
Shares
Settlement DateDescription
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 12/31/2025Investment Policy Compliance
Portfolio Holdings by Asset Category
City of Colleyville | TX
14
OPERATINGCASH
Cash | Operating Cash
82,023.31
6/30/2024
3.47 82,023.31
82,023.31 100.00
3.47
82,023.31
0.00
0.11%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
12,056.14
6/30/2024
3.47 12,056.14
12,056.14 100.00
3.47
12,056.14
0.00
0.02%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
6,835.52
6/30/2024
3.47 6,835.52
6,835.52 100.00
3.47
6,835.52
0.00
0.01%
NR
NR
0
1
OPERATINGCASH
Cash | Operating Cash
22,244.17
6/30/2025
3.47 22,244.17
22,244.17 100.00
3.47
22,244.17
0.00
0.03%
NR
NR
0
1
CEDCCASH
CASH CEDC Cash
2,038,860.59
6/30/2024
3.47 2,038,860.59
2,038,860.59 100.00
3.47
2,038,860.59
0.00
2.77%
NR
NR
0
1
1
0
21.03%
0.00
15,457,207.24
3.47
15,457,207.24
15,457,207.243.4715,457,207.24Sub Total Operating Cash | TBD%
TX LGIP | 75%
TEXASCLASS4001
Texas CLASS LGIP
2,735,451.30
6/30/2024
3.74 2,735,451.30
2,735,451.30 100.00
3.74
2,735,451.30
0.00
3.72%
NR
NR
0
1
TEXASCLASS4001
Texas CLASS LGIP
4,495,727.01
6/30/2024
3.74 4,495,727.01
4,495,727.01 100.00
3.74
4,495,727.01
0.00
6.12%
NR
NR
0
1
TEXASCLASS4001
Texas CLASS LGIP
2,177,786.06
6/30/2024
3.74 2,177,786.06
2,177,786.06 100.00
3.74
2,177,786.06
0.00
2.96%
NR
NR
0
1
TEXSTAR1110
TexasStar LGIP
4,239,409.01
6/30/2024
3.83 4,239,409.01
4,239,409.01 100.00
3.83
4,239,409.01
0.00
5.77%
NR
NR
0
1
TEXSTAR1110
TexasStar LGIP
1,197,301.91
6/30/2024
3.83 1,197,301.91
1,197,301.91 100.00
3.83
1,197,301.91
0.00
1.63%
NR
NR
0
1
TEXSTAR1110
TexasStar LGIP
1,155,615.10
6/30/2024
3.83 1,155,615.10
1,155,615.10 100.00
3.83
1,155,615.10
0.00
1.57%
NR
NR
0
1
CUSIP
Face Amount /
Shares
Settlement DateDescription
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 12/31/2025Investment Policy Compliance
Portfolio Holdings by Asset Category
City of Colleyville | TX
15
TEXSTAR1110
TexasStar LGIP
835,900.39
6/30/2024
3.83 835,900.39
835,900.39 100.00
3.83
835,900.39
0.00
1.14%
NR
NR
0
1
TEXSTAR1110
TexasStar LGIP
579,795.53
6/30/2024
3.83 579,795.53
579,795.53 100.00
3.83
579,795.53
0.00
0.79%
NR
NR
0
1
TEXSTAR1110
TexasStar LGIP
281,524.37
6/30/2024
3.83 281,524.37
281,524.37 100.00
3.83
281,524.37
0.00
0.38%
NR
NR
0
1
TEXSTAR1110
TexasStar LGIP
10,765.99
6/30/2024
3.83 10,765.99
10,765.99 100.00
3.83
10,765.99
0.00
0.01%
NR
NR
0
1
TEXSTAR1110
TexasStar LGIP
3,114,534.01
6/30/2024
3.83 3,114,534.01
3,114,534.01 100.00
3.83
3,114,534.01
0.00
4.24%
NR
NR
0
1
TEXSTAR1110
TexasStar LGIP
297,232.61
6/30/2024
3.83 297,232.61
297,232.61 100.00
3.83
297,232.61
0.00
0.4%
NR
NR
0
1
TEXSTAR1110
TexasStar LGIP
101,710.76
9/23/2025
3.83 101,710.76
101,710.76 100.00
3.83
101,710.76
0.00
0.14%
NR
NR
0
1
TEXPOOL0001
TexPool LGIP
789,520.81
6/30/2024
3.83 789,520.81
789,520.81 100.00
3.83
789,520.81
0.00
1.07%
NR
NR
0
1
TEXPOOL0001
TexPool LGIP
443,774.81
6/30/2024
3.83 443,774.81
443,774.81 100.00
3.83
443,774.81
0.00
0.6%
NR
NR
0
1
TEXPOOL0001
TexPool LGIP
3,948,916.31
6/30/2024
3.83 3,948,916.31
3,948,916.31 100.00
3.83
3,948,916.31
0.00
5.37%
NR
NR
0
1
TEXPOOL0001
TexPool LGIP
593,983.21
6/30/2024
3.83 593,983.21
593,983.21 100.00
3.83
593,983.21
0.00
0.81%
NR
NR
0
1
TEXPOOL0001
TexPool LGIP
11,387.77
6/30/2024
3.83 11,387.77
11,387.77 100.00
3.83
11,387.77
0.00
0.02%
NR
NR
0
1
CUSIP
Face Amount /
Shares
Settlement DateDescription
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 12/31/2025Investment Policy Compliance
Portfolio Holdings by Asset Category
City of Colleyville | TX
16
TEXPOOL0001
TexPool LGIP
3,958,499.67
6/30/2024
3.83 3,958,499.67
3,958,499.67 100.00
3.83
3,958,499.67
0.00
5.39%
NR
NR
0
1
TEXPOOL0001
TexPool LGIP
2,310,595.52
6/30/2024
3.83 2,310,595.52
2,310,595.52 100.00
3.83
2,310,595.52
0.00
3.14%
NR
NR
0
1
TEXPOOL0001
TexPool LGIP
6,371,445.66
6/30/2024
3.83 6,371,445.66
6,371,445.66 100.00
3.83
6,371,445.66
0.00
8.67%
NR
NR
0
1
TEXPOOL0001
TexPool LGIP
1,027,979.21
6/30/2024
3.83 1,027,979.21
1,027,979.21 100.00
3.83
1,027,979.21
0.00
1.4%
NR
NR
0
1
TEXPOOL0001
TexPool LGIP
76,117.90
6/30/2024
3.83 76,117.90
76,117.90 100.00
3.83
76,117.90
0.00
0.1%
NR
NR
0
1
TEXPOOL0001
TexPool LGIP
1,425,355.88
6/30/2024
3.83 1,425,355.88
1,425,355.88 100.00
3.83
1,425,355.88
0.00
1.94%
NR
NR
0
1
TEXPOOL0001
TexPool LGIP
3,142,550.99
6/30/2024
3.83 3,142,550.99
3,142,550.99 100.00
3.83
3,142,550.99
0.00
4.28%
NR
NR
0
1
TEXPOOL0001
TexPool LGIP
209,592.52
6/30/2024
3.83 209,592.52
209,592.52 100.00
3.83
209,592.52
0.00
0.29%
NR
NR
0
1
1
0
61.95%
0.00
45,532,474.31
3.81
45,532,474.31
45,532,474.313.8145,532,474.31Sub Total TX LGIP | 75%
TX LGIP Commerical Paper | 5%
LOGIC8010
LOGIC | CEDC LGIP
542,279.06
6/30/2024
3.95 542,279.06
542,279.06 100.00
3.95
542,279.06
0.00
0.74%
NR
NR
0
1
LOGIC4001
LOGIC LGIP
811,372.04
6/30/2024
3.95 811,372.04
811,372.04 100.00
3.95
811,372.04
0.00
1.1%
NR
NR
0
1
LOGIC4001
LOGIC LGIP
39,773.78
6/30/2024
3.95 39,773.78
39,773.78 100.00
3.95
39,773.78
0.00
0.05%
NR
NR
0
1
CUSIP
Face Amount /
Shares
Settlement DateDescription
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 12/31/2025Investment Policy Compliance
Portfolio Holdings by Asset Category
City of Colleyville | TX
17
LOGIC4001
LOGIC LGIP
97,919.93
6/30/2024
3.95 97,919.93
97,919.93 100.00
3.95
97,919.93
0.00
0.13%
NR
NR
0
1
LOGIC4001
LOGIC LGIP
179,042.81
6/30/2024
3.95 179,042.81
179,042.81 100.00
3.95
179,042.81
0.00
0.24%
NR
NR
0
1
LOGIC4001
LOGIC LGIP
223,508.52
6/30/2024
3.95 223,508.52
223,508.52 100.00
3.95
223,508.52
0.00
0.3%
NR
NR
0
1
LOGIC4001
LOGIC LGIP
1,546.03
6/30/2024
3.95 1,546.03
1,546.03 100.00
3.95
1,546.03
0.00
0%
NR
NR
0
1
LOGIC4001
LOGIC LGIP
28,554.93
6/30/2024
3.95 28,554.93
28,554.93 100.00
3.95
28,554.93
0.00
0.04%
NR
NR
0
1
1
0
2.6%
0.00
1,923,997.10
3.95
1,923,997.10
1,923,997.103.951,923,997.10Sub Total TX LGIP Commerical Paper | 5%
US Agency | 75%
3133ERVX6
FFCB 4.06 10/7/2027-25
1,613,000.00
2/26/2025
4.26 1,607,549.05
1,604,935.00 99.97
4.08 15,280.49
1,612,435.45
4,886.40
2.19%
S&P-AA+
Moodys-Aaa
1.71
645
3130AMSS2
FHLB 1.05 6/30/2026-23
2,400,000.00
2/26/2025
4.08 2,365,117.19
2,305,680.00 98.72
3.65 0.00
2,369,352.00
4,234.81
3.22%
S&P-AA+
Moodys-Aaa
0.5
181
3130ATMJ3
FHLB 4.7 3/13/2026
1,000,000.00
4/28/2025
3.86 1,001,639.47
1,007,172.67 100.21
3.63 10,183.33
1,002,058.21
418.74
1.36%
S&P-AA+
Moodys-Aaa
0.28
72
309
0.85
6.77%
9,539.95
4,983,845.66
25,463.823.78
4,917,787.67
4,974,305.714.105,013,000.00Sub Total US Agency | 75%
% TBD, pending investment policy clarification
TOTAL PORTFOLIO 73,522,678.65 3.78 73,484,026.03
73,427,584.82
3.73 72,046.81
73,509,846.26
25,820.23
100.00%
0.11
41
CUSIP
Face Amount /
Shares
Settlement DateDescription
YTM @ Cost
Cost Value
Book Value YTM @ Market
Market Price Market Value
Accrued Interest Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 12/31/2025Investment Policy Compliance
Portfolio Holdings by Asset Category
City of Colleyville | TX
18