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HomeMy WebLinkAboutCity Council-Agenda Packets-02/17/2026 City of Colleyville Page 1 CITY OF COLLEYVILLE CITY COUNCIL AGENDA 100 Main Street, Colleyville, Texas, 76034 TUESDAY, FEBRUARY 17, 2026 WORKSESSION 5:30 PM EXECUTIVE CONFERENCE ROOM THIRD FLOOR CALL TO ORDER WS-1 Review of the FY27 Budget Calendar WS-2 Presentation of the Annual Crime Report WS-3 Discussion of the February 17, 2026, City Council regular agenda items 1. EXECUTIVE SESSION - In accordance with Texas Government Code, Chapter 551, Subchapter D Section 551.071 - Legal - Consultation with the City Attorney regarding items on the agenda or for matters in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with Chapter 551 of the Texas Code Section 551.072 - Real Estate - Deliberate the purchase, exchange, lease, or value of real property for City facilities Section 551.087 – Economic Development - Discuss or deliberate regarding commercial or financial information the City has received from business prospects the City seeks to have locate, stay, or expand in the City and with which the City is conducting economic development negotiations; deliberate the offer of a financial or other incentive to a business prospect REGULAR MEETING 7:00 P.M. CITY COUNCIL CHAMBERS INVOCATION: Pastor Lanre Sobo, Glory House PLEDGE OF ALLEGIANCE: City Attorney 2. EXECUTIVE SESSION READING AND PUBLIC HEARING: CONSIDER AND TAKE ANY ACTION(S) NECESSARY RELATIVE TO ITEMS DISCUSSED IN EXECUTIVE SESSION - RESOLUTION R-26-5118 City Council Agenda February 17, 2026 City of Colleyville Page 2 3. ANNOUNCEMENTS, PROCLAMATIONS, AND PRESENTATIONS 4. CONSENT: READING AND PUBLIC HEARING - RESOLUTION R-26-5119 4a Approval of the February 3, 2026 City Council minutes 4b Approval to order a 2026 Horton 603 Type 1 Ambulance with equipment, from Professional Ambulance Sales and Service, dba SERVS, in an amount not to exceed $615,211.15, approval of a lease purchase agreement with Leasing 2 for the ambulance, and authorizing the City Manager to execute the documents 4c Accepting the annual audit for the Fiscal Year ended September 30, 2025 5. ITEMS NOT FOR CITY COUNCIL ACTION 5a Monthly Financial Report — January 2026 6. ORDINANCE(S): SECOND READING AND PUBLIC HEARING 6a Ordinance O-26-2358 Consideration of a rezoning from RD Two-Family Residential to PUD-R Planned Unit Development Residential on Lots 1-12, Block 1; Lots 1- 14, Block 2; Lots 1-30, Block 3; and Lots 1-34, Block 4, of the Fox Meadows Addition, Case ZC25-030 7. RESOLUTION(S): READING AND PUBLIC HEARING 7a Resolution R-26-5120 Approval of an advanced funding agreement with the Texas Department of Transportation for a Highway Planning and Construction Project for Cheek-Sparger Road 8. CITIZEN COMMENTS 9. REPORTS January 12, 2026 Planning and Zoning Commission Minutes January 26, 2026 Planning and Zoning Commission Worksession Minutes 10. RESOLUTION: DISCUSSION AND CONSIDERATION OF A RESOLUTION RATIFYING COUNCIL AGENDA ACTION FOR TUESDAY, FEBRUARY 17, 2026 - READING AND PUBLIC HEARING - RESOLUTION R-26-5121 City Council Agenda February 17, 2026 City of Colleyville Page 3 11. ADJOURNMENT I hereby certify this agenda was posted on City Hall bulletin boards on 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, at the discretion of the governing body, be opened for public comment and discussion. 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 CITY COUNCIL BRIEFING Agenda Number WS-1 Agenda Date 2/17/2026 Type Worksession Department Finance Title Review of the FY27 Budget Calendar Explanation This item provides the opportunity to briefly review and finalize the proposed FY27 budget calendar. Attachments 1. Budget Calendar Presentation 2. Budget Calendar 1 FY 26/27 Budget Calendar City Council Worksession February 17, 2026 2 Process Overview •February 25 •Budget kickoff meeting (staff) •March •All budget information due from departments •April •RFP for health insurance released •May •City Council election/swearing in, health insurance RFP responses due, and preliminary property values released by appraisal district •City Manager review of budget and CIP budget process •June •Health Insurance RFP is awarded 3 Process Overview •June 2 •CCCPD budget worksession •June 16 •Council priority setting workshop and worksession to review preliminary budget numbers •CCCPD budget adoption by board •July 7 •CCCPD budget/public hearing & adoption at City Council •July 21 •Worksession discussion on fees/charges (if needed) •Draft Five-year CIP 4 Process Overview •July 24 •Certified tax roll due from Appraisal District •July 28 •Proposed Budget filed •August 4 •Council worksession to present proposed budget •Resolution to set maximum allowable tax rate •CEDC budget worksession •August 18 •Proposed tax rate approval •CEDC budget adoption 5 Process Overview •September 1 •Tax rate hearing, if required •Budget hearing •Five-year CIP Plan adoption •CEDC Budget Adoption (by Council) •September 15 •Budget adoption •Tax rate adoption •October 1 •Approved FY 26/27 Budget goes into effect Regular City Council meeting dates Additional meeting dates January Su M Tu W Th F Sa 1 2 3 January Prepare budget calendar for upcoming year Finance 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 February Su M Tu W Th F Sa 1 2 3 4 5 6 7 17-Feb Council review of FY27 budget calendar City Council 8 9 10 11 12 13 14 25-Feb Budget Kickoff meeting Departments 15 16 17 18 19 20 21 February Prepare Current Service Level Numbers; Enter in Munis Finance 22 23 24 25 26 27 28 February Departments notified of the deadline and requirements Human Resources for new position or reclassification requests March Su M Tu W Th F Sa 1 2 3 4 5 6 7 30-Mar New position and reclassification requests saved on City drive Departments 8 9 10 11 12 13 14 30-Mar Complete Base Budgets/Non-Disc Increases, save to City drive Departments 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 April Su M Tu W Th F Sa 1 2 3 4 5 6 7 8 9 10 11 9-Apr RFP for health insurance Human Resources 12 13 14 15 16 17 18 Distribute capital budget documents to departments CMO/Finance 19 20 21 22 23 24 25 13-Apr Complete NEP Requests, Revenue Estimates, save to City drive Departments 26 27 28 29 30 Apr 6-May 1 Department Budget Submittal Meetings Depts/Budget Team 27-Apr Complete capital budget requests, save to City drive Departments May Su M Tu W Th F Sa 1 2 5-May City Council Election City Council 3 4 5 6 7 8 9 12-May City Council - Special meeting - canvass of election City Council 10 11 12 13 14 15 16 New Councilmembers Sworn In City Council 17 18 19 20 21 22 23 21-May Capital Budget Meeting Departments/CMO 24 25 26 27 28 29 30 Late May Preliminary property value estimates released Tarrant Appraisal 31 22-May Publish CCCPD budget public hearing notice (Board)CSO June Su M Tu W Th F Sa 1 2 3 4 5 6 June Review RFP analysis and finalist recommendations Benefits Committee 7 8 9 10 11 12 13 CC Worksession: Budget Process Overview (if desired)City Council 14 15 16 17 18 19 20 City Council priority setting session City Council 21 22 23 24 25 26 27 2-Jun CCCPD budget public hearing & Worksession (before CC mtg)CCCPD Board 28 29 30 16-Jun Budget Worksession (review of prelim. numbers & insurance)City Council 16-Jun CCCPD budget adoption (before City Council meeting)CCCPD Board 26-Jun Publish CCCPD budget public hearing notice (Governing body)CSO July Su M Tu W Th F Sa 1 2 3 4 7-Jul Approve insurance contracts City Council 5 6 7 8 9 10 11 CCCPD budget/public hearing & adoption by governing body City Council 12 13 14 15 16 17 18 19 20 21 22 23 24 25 21-Jul Discussion on updates to fees/charges (if needed)City Council 26 27 28 29 30 31 Present Draft 5-Year CIP City Council 24-Jul Certified tax roll released Tarrant Appraisal 28-Jul City Manager's proposed budget distributed to City Council City Manager's Office April 2026 FY2027 Budget Preparation Calendar January 2026 February 2026 March 2026 May 2026 June 2026 July 2026 August Su M Tu W Th F Sa 1 4-Aug Worksession- Presentation of the Proposed Budget City Council 2 3 4 5 6 7 8 Submission of certified appraisal roll & collection rate 9 10 11 12 13 14 15 Submission of effective and rollback tax calculations 16 17 18 19 20 21 22 Resolution appproving proposed tax rate (for public hearings & notices) 23 24 25 26 27 28 29 4-Aug Colleyville Eco. Dev. Corporation (CEDC) Budget Worksession CEDC Board 30 31 13-Aug Publish Combined Notice of Effective and Rollback Tax Rate City Manager's Office Publish Notice of Budget Public Hearing 18-Aug City Council Special Meeting City Council - 1st Public Hearing on Tax Rate (if needed) 18-Aug Colleyville Economic Development Corporation meeting CEDC Board September Su M Tu W Th F Sa 1 2 3 4 5 1-Sep Presentation of the CEDC annual activity report City Council 6 7 8 9 10 11 12 1st reading of budget ordinance and budget public hearing 13 14 15 16 17 18 19 1st reading of tax rate ordinance (2nd public hearing, if needed) 20 21 22 23 24 25 26 1st reading of current FY year-end budget amendment 27 28 29 30 1st reading of ordinance for any fee changes (if needed) 1st reading of ordinance for utility base rate changes (if needed) 1st reading of ordinance for utility volumetric rate changes Resolution adopting the CEDC budget Resolution adopting the EDCIP 15-Sep 2nd reading of budget ordinance (official adoption)City Council 2nd reading of tax rate ordinance (official adoption) 2nd reading of current FY year-end budget amendment 2nd reading of ordinance for any fee changes (if needed) 2nd reading of ordinance for utility base rate changes (if needed) 2nd reading of ordinance for utility volumetric rate changes Resolution adopting the 5-Year CIP Resolution ratifying the property tax increase (if needed) October Su M Tu W Th F Sa 1 2 3 1-Oct Fiscal year begins 4 5 6 7 8 9 10 October Distribute Agency Contracts for execution City Secretary 11 12 13 14 15 16 17 October Prepare Adopted Budget Book Finance 18 19 20 21 22 23 24 25 26 27 28 29 30 31 November Su M Tu W Th F Sa 1 2 3 4 5 6 7 November Create vouchers and mail checks for Agency Contracts City Secretary 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 December Su M Tu W Th F Sa 1 2 3 4 5 December Adopted Budget due to GFOA 90 days after adoption Finance 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 November 2026 December 2026 August 2026 September 2026 October 2026 City of Colleyville Page 1 CITY OF COLLEYVILLE CITY COUNCIL BRIEFING Agenda Number WS-2 Agenda Date 2/17/2026 Type Worksession Department Police Title Presentation of the Annual Crime Report Explanation Police Chief Michael Miller will provide the 2025 annual crime report. Attachments 1. 2025 Annual Crime Report Annual Crime Report for 2025 Chief Michael C. Miller Colleyville Police Department February 17, 2026 Crime Trend by Year 19851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025273 357 223 249 248 369 318 298 274 256 271 288 353 305 293 315 304 348 342 365 309 311 280 285 283 305 200 186 183 152 145 155 159 158 174 157 126 125 138 143 144 Colleyville Total Part 1 Crimes 1985-2025 Total Part 1's 2025 NIBRS Report 2025 NIBRS Report 2025 NIBRS Report 2025 NIBRS Crime Trends Persons Property Society Group "B" Offenses 0 50 100 150 200 250 300 350 400 70 295 296 172 60 305 345 163 62 248 280 165 59 254 299 172 NIBRS Crime Trends 2022 – 2025 2022 2023 2024 2025 2025 Patrol Activity •Calls for Service - 32,932 - 7.84% Decrease •Neighborhood and Business Checks - 17,050 - 7% Decrease •Citizen Request For Service - 6,062 - 1% Decrease •Traffic Stops – 12,942 - 5.6% Decrease •Arrests - 489 - 11.6% Increase 2024 2025 6020 6040 6060 6080 6100 6120 6140 6130 6062 Citizen Requested CFS 2024 2025 400 410 420 430 440 450 460 470 480 490 500 438 489 Arrests 2024 2025 0 2000 4000 6000 8000 10000 12000 14000 16000 6030527476897668Traffic Stop Trends Citations Warnings20242025 20500 22500 24500 26500 28500 30500 32500 34500 36500 35735 32932 All Call for Service 2024 2025 10000 12000 14000 16000 18000 20000 18349 17050 Checks 2025 Year-End Crash Comparison 17% 15% 68% 2024 Injuries Transported Yes No Fail to Control Speed/Unsafe Speed/Speeding Over Limit FTYROW/Turned When Unsafe Cell Phone Use/Distraction in Vehicle/Driver Inattention Disregard Stop Sign/Light Fail to Drive in Single Lane/Changed Lane When Unsafe Impaired Driving 0 5 10 15 20 25 30 35 40 26 38 11 11 9 7 32 30 13 15 4 3 Factor Comparison 2024 2025 Colleyville Blvd Glade Rd Cheek-Sparger Rd Hall Johnson Rd John McCain Rd 0 10 20 30 40 50 41 15 14 6 16 39 16 9 0 14 Top Streets 2024 2025 Crash Comparison 2024 2025 Difference Change Colleyville Blvd 41 39 -2 5% Glade Rd 15 16 1 7% Cheek-Sparger Rd 14 9 -5 36% Hall Johnson Rd 6 0 -6 100% John McCain Rd 16 14 -2 13% All Roads 115 116 1 1% 20% 13% 67% 2025 Injuries Transported Yes No 2025 Criminal Investigations Activity Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec19711312910111712813869157891026 4TWELVE MONTH PART 1 HISTORY Part I Cleared Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec4565545264585578748192574450736371756061747668 752024 – 2025 CASE ASSIGNMENT COMPARISON 2024 2025 Case Management Statistics •Received 790 cases (144 Part 1) •Averaged 66 cases a month. •Filed 470 cases •Submitted 3152 Investigative Supplements •Achieved a 99% three-day victim contact in 2025 Other points of interest •57% Part 1 Clearance Rate for 2025- Highest in 8 Years •91% Clearance Rate - Violent Crimes •54% Clearance Rate – Property Crimes Crime Trends in 2025 Thefts represent 59.7% of all offenses •63% of thefts were retail-related (54 of 86) •37 offenses linked to Tom Thumb and Walgreens •Organized Cosmetic Theft Ring Identified Extra Duties/Responsibilities •Child Abduction Response Team •Citizen and Junior Police Academy Instructors •Sex Offender Registration and Management •Lock-Box Program •Drug Take Back Program Case of Interest Intoxication Manslaughter •Traffic fatality in the 3900 block of Colleyville Blvd. Suspect arrested and charged with Intoxication Manslaughter. Repeated Retail Thefts •Walgreens- Multiple Cosmetic Thefts – Disrupted organized crime ring responsible for thefts around the metroplex and Oklahoma. Arrests and merchandise recovered. Estimated loss over $50,000. •Tom Thumb & Walmart – Meat thefts from DFW grocers over $30,000 loss. 4 arrested •Walmart- Prolific theft suspect arrested for reselling stolen goods online from multiple retailers. Total loss estimated at $62,000. Burglary •Extra Space Storage-Suspects burglarized several storage lockers. Search and Arrest warrants executed at Colleyville home resulting in the recovery of numerous pieces of evidence. Three arrested. Citizen feedback on our officers using PowerEngage Questions and Discussion? City of Colleyville Page 1 CITY OF COLLEYVILLE CITY COUNCIL BRIEFING Agenda Number WS-3 Agenda Date 2/17/2026 Type Worksession Department City Secretary Title Discussion of the February 17, 2026, City Council regular agenda items City of Colleyville Page 1 CITY OF COLLEYVILLE CITY COUNCIL BRIEFING Agenda Number 1 Agenda Date 2/17/2026 Type Executive Session Department City Secretary Title Section 551.071 - Legal - Consultation with the City Attorney regarding items on the agenda or for matters in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with Chapter 551 of the Texas Code Section 551.072 - Real Estate - Deliberate the purchase, exchange, lease, or value of real property for City facilities Section 551.087 – Economic Development - Discuss or deliberate regarding commercial or financial information the City has received from business prospects the City seeks to have locate, stay, or expand in the City and with which the City is conducting economic development negotiations; deliberate the offer of a financial or other incentive to a business prospect Attachments RESOLUTION R-26-5118 A RESOLUTION APPROVING COUNCIL ACTION REGARDING EXECUTIVE SESSION ITEMS AT THE REGULAR CITY COUNCIL MEETING OF FEBRUARY 17, 2026 WHEREAS, following discussion in Executive Session, and in full accordance with the requirements of the Open Meetings Act, the City Council determines that the following action is in the best interests of the health, safety, and welfare of the public. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS: Sec. 1. THAT AND IT IS SO RESOLVED. APPROVED BY A VOTE OF _ AYES, _ NAYS ON THIS THE 17TH DAY OF FEBRUARY 2026. Mayor Bobby Lindamood Aye Mark Alphonso, Place 2 Aye Mayor Pro Tem Brandi Elder Aye Ben Graves, Place 4 Aye Deputy Mayor Pro Tem Scotty Richardson Aye Tim Raine, Place 6 Kimberly Holt Gunderson, Place 5 Aye ATTEST: CITY OF COLLEYVILLE Christine Loven Bobby Lindamood City Secretary, TRMC Mayor RESOLUTION R-26-5119 APPROVING CITY COUNCIL ACTION UNDER CONSENT ITEMS AT THE REGULAR CITY COUNCIL MEETING OF FEBRUARY 17, 2026 WHEREAS, City Council has taken action on certain items on the agenda under Consent Items. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS: Sec. 1. THAT the agenda decisions approved by City Council action under Consent Items as follows are hereby adopted: a. Approval of the February 3, 2026, City Council minutes b. Approval to order a 2026 Horton 603 Type 1 Ambulance with equipment, from Professional Ambulance Sales and Service, dba SERVS, in an amount not to exceed $615,211.15, approval of a lease purchase agreement with Leasing 2 for the ambulance, and authorizing the City Manager to execute the documents c. Accepting the annual audit for the Fiscal Year ended September 30, 2025 AND IT IS SO RESOLVED. APPROVED BY A VOTE OF AYES, NAYS, ON THIS THE 17TH DAY OF FEBRUARY 2026. Mayor Bobby Lindamood Aye Mark Alphonso, Place 2 Aye Mayor Pro Tem Brandi Elder Aye Ben Graves, Place 4 Aye Deputy Mayor Pro Tem Scotty Richardson Aye Tim Raine, Place 6 Aye Kimberly Holt Gunderson, Place 5 Aye ATTEST: CITY OF COLLEYVILLE Christine Loven Bobby Lindamood City Secretary, TRMC Mayor City of Colleyville Page 1 CITY OF COLLEYVILLE CITY COUNCIL MINUTES 100 Main Street, Colleyville, Texas, 76034 TUESDAY, FEBRUARY 3, 2026 Mayor Bobby Lindamood called the Colleyville City Council Worksession to order on Tuesday, February 3, 2026, at 5:30 p.m. ROLL CALL: Mayor Bobby Lindamood, Mayor Pro Tem Brandi Elder, Deputy Mayor Pro Tem Scotty Richardson, and Councilmembers Mark Alphonso, Ben Graves, Kimberly Holt Gunderson, and Tim Raine. ALSO PRESENT: City Manager Jerry Ducay, Assistant City Manager Mark Wood, Assistant City Manager Adrienne Lothery, Police Chief Michael Miller, Fire Chief Mark Cantrell, Community Development Director Ben Bryner, Finance Director Cassie Smith, Public Works and Parks and Recreation Director Lisa Escobedo, City Attorney Sarah Ross, and City Secretary Christine Loven. WS-1 Discussion of an amendment to Chapter 3 of the Land Development Code regarding lot coverage Community Development Director Ben Bryner presented the recommendations for an amendment to the Land Development Code for increasing the allowance of certain accessory buildings. At a previous Worksession, City Council asked staff to recommend an amendment which would provide for lot coverage to be exceeded in some cases for detached, accessory structures which are open on at least two sides. Director Bryner reviewed both lot coverage and impervious coverage definitions and noted there are current challenges to single story residences which wish to utilize outdoor space. The City Council thanked Director Bryner and directed him to move the amendment forward for consideration by the Planning and Zoning Commission and final action by the City Council. WS-2 Discussion of golf carts on City streets City Attorney Sarah Ross stated cities without golf cart ordinances are governed by the Texas Transportation Code and reviewed the current state regulations regarding golf carts. She also presented a benchmark of area cities with and without local ordinances regarding use of golf carts. There was discussion of using the City thoroughfare map to establish streets where golf carts could be used, the safety of City streets, and safety equipment for golf carts. The City Council directed staff to bring this item back to a future Worksession for more discussion. City Council Minutes February 3, 2026 City of Colleyville Page 2 WS-3 Discussion of the February 3, 2026, regular agenda items There was no discussion of this item. Mayor Lindamood adjourned the Worksession at 6:08 p.m. and called Executive Session to order. 1. EXECUTIVE SESSION - In accordance with Texas Government Code, Chapter 551, Subchapter D Section 551.071 - Legal - Consultation with the City Attorney regarding items on the agenda or for matters in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with Chapter 551 of the Texas Code Section 551.072 - Real Estate - Deliberate the purchase, exchange, lease, or value of real property for City facilities Section 551.087 – Economic Development - Discuss or deliberate regarding commercial or financial information the City has received from business prospects the City seeks to have locate, stay, or expand in the City and with which the City is conducting economic development negotiations; deliberate the offer of a financial or other incentive to a business prospect There was no action taken and Mayor Lindamood adjourned Executive Session at 6:49 p.m. Mayor Lindamood called the regular meeting of the City Council to order at 7:00 p.m. and called the roll. ROLL CALL: Mayor Bobby Lindamood, Mayor Pro Tem Brandi Elder, Deputy Mayor Pro Tem Scotty Richardson, and Councilmembers Mark Alphonso, Ben Graves, Kimberly Holt Gunderson, and Tim Raine. INVOCATION: Pastor Jeff Strickland, Journey Church PLEDGE OF ALLEGIANCE: City Attorney 2. EXECUTIVE SESSION READING AND PUBLIC HEARING: CONSIDER AND TAKE ANY ACTION(S) NECESSARY RELATIVE TO ITEMS DISCUSSED IN EXECUTIVE SESSION - RESOLUTION R-26-5115 Mayor Lindamood read Resolution R-26-5115 in its entirety. Assistant City Manager Mark Wood presented this item which provides for economic development grants for Colleyville businesses: Art Algebra, 1001 Glade Road - $15,000.00, Modern Grace & Co., 55 Main Street, Suite 175 - $25,000.00, AVVA City Council Minutes February 3, 2026 City of Colleyville Page 3 Ventures LLC, 5121 Thompson Terrace - $25,000.00, and Donate2Impact (Thrift Giant), 3901 Colleyville Boulevard - $100,000.00. Manager Wood stated these grants help drive economic development and contribute to increased occupancy and beautification efforts in the City. Mayor Lindamood opened and closed the public hearing without any speakers. Councilmember Graves made a motion to approve Resolution R-26-5115, seconded by Councilmember Alphonso. The motion was approved by the following vote: Ayes: 7 – Mayor Bobby Lindamood, Mayor Pro Tem Brandi Elder, Deputy Mayor Pro Tem Scotty Richardson, and Councilmembers Mark Alphonso, Ben Graves, Kimberly Holt Gunderson, and Tim Raine. 3. ANNOUNCEMENTS, PROCLAMATIONS, AND PRESENTATIONS Mayor Lindamood and the City Council provided announcements regarding community news and upcoming events. 4. CONSENT: READING AND PUBLIC HEARING - RESOLUTION R-26-5116 4a Approval of the January 21, 2026, City Council minutes 4b Approval of a Professional Services Agreement with Halff Associates, Inc., in an amount not to exceed $313,400.00, for the preliminary design of the Bedford Road Bridge Project, plus direct reimbursable expenses not to exceed $10,000, and authorizing the City Manager to execute the agreement Mayor Lindamood read Resolution R-26-5116 in its entirety. Public Works/Parks and Recreation Director Lisa Escobedo presented 4b and reviewed the scope of the project. Mayor Lindamood opened and closed the public hearing without any speakers. Mayor Lindamood made a motion to approve Resolution R-26-5116, seconded by Mayor Pro Tem Elder. The motion was approved by the following vote: City Council Minutes February 3, 2026 City of Colleyville Page 4 Ayes: 7 – Mayor Bobby Lindamood, Mayor Pro Tem Brandi Elder, Deputy Mayor Pro Tem Scotty Richardson, and Councilmembers Mark Alphonso, Ben Graves, Kimberly Holt Gunderson, and Tim Raine. 5.ORDINANCE(S): FIRST READING AND PUBLIC HEARING 5a Ordinance O-26-2358 Consideration of a rezoning from RD Two-Family Residential to PUD-R Planned Unit Development Residential on Lots 1-12, Block 1; Lots 1-14, Block 2; Lots 1-30, Block 3; and Lots 1-34, Block 4, of the Fox Meadows Addition, Case ZC25-030 Mayor Lindamood read the caption of Ordinance O-26-2358. Community Development Director Ben Bryner presented this request to create a new zoning district that only permits single-family homes for the 90-home subdivision at the southwest corner of Roberts Road and Fox Meadows Drive and is currently zoned RD Two-Family Residential. Director Bryner stated 89% of the residents have signed the petition to seek the rezoning and noted there would be no changes to the plat. Mayor Lindamood asked if the residents who did not sign the petition are aware of the anticipated legal action to be taken. Applicant Ed Wieland, Colleyville, asked to answer the questions regarding the petition. Mr. Wieland stated three of the ten homes are vacant and the remaining seven were unavailable to speak with. He also stated there are still building covenants on file in Tarrant County which state this area is for single homes only. Mayor Lindamood and the City Council thanked Mr. Wieland for his work on this project and directed staff to send letters to the ten who had not responded to the petition before the next meeting. Mayor Lindamood opened and closed the public hearing without any speakers. This was a first reading with no action taken. 6.CITIZEN COMMENTS There were no speakers. City Council Minutes February 3, 2026 City of Colleyville Page 5 7.RESOLUTION: DISCUSSION AND CONSIDERATION OF A RESOLUTION RATIFYING COUNCIL AGENDA ACTION FOR TUESDAY, FEBRUARY 3, 2026 - READING AND PUBLIC HEARING - RESOLUTION R-26-5117 This resolution was not needed. 8. ADJOURNMENT There being no further business before the City Council, Mayor Lindamood adjourned the meeting without objection by the City Council at 7:33 p.m. Minutes taken and prepared by: Christine Loven, TRMC City Secretary City of Colleyville Page 1 CITY OF COLLEYVILLE CITY COUNCIL BRIEFING Agenda Number 4b Agenda Date 2/17/2026 Number Resolution R-25-5119 Type Resolution Department Fire Title Approval to order a 2026 Horton 603 Type 1 Ambulance with equipment, from Professional Ambulance Sales and Service, dba SERVS, in an amount not to exceed $615,211.15, approval of a lease purchase agreement with Leasing 2 for the ambulance, and authorizing the City Manager to execute the documents Explanation Reading and Public Hearing This item seeks approval to order a 2026 Horton 603 Type 1 Ambulance, with equipment from Professional Ambulance Sales and Service, dba SERVS, and enter into a three-year lease purchase agreement with Leasing 2. The $615,211.15 includes the cost of the ambulance ($423,062.00) and equipment costs of $192,149.15 to be placed on the ambulance. The equipment will include two Lifepak 35 Electrocardiograph (ECG) monitors and a Striker Stretcher. The Lifepak is used to obtain cardiac rhythm strips, vital signs, oxygen saturation of the patient's blood, as well as carbon dioxide and carbon monoxide levels in expired air. The devices are also equipped with manual defibrillation equipment. The Striker Stretcher functions with an auto-load mechanism that brings the stretcher into the ambulance on its own, without the need for a Paramedic to do the lifting. This function will greatly assist in the reduction of back injuries associated with lifting injuries. The City has successfully utilized Leasing 2 for the purchase of both a fire truck and ambulance. The Leasing 2 proposal attached provides for a down payment of $288,924.71, 5.08% interest, and three annual payments of $120,000. If approved, when the new ambulance is delivered, the current frontline 2020 model ambulance will be placed in reserve status and the 2018 reserve ambulance will be sold in auction, per the department’s policy. Recommendation Approve Attachments 1. Horton Ambulance Presentation 1. Horton 4b – 2026 Horton Ambulance 2026 Horton Ambulance – Cost with equipment $615,211.15 •2026 Ford F-550 Chassis •Horton stock unit - Ambulance $423,062.00 - Equipment $192,149.15 - Down Payment $288,924.71 - 3 annual payments of $120,000.00 - 1st payment FY 2027 - Anticipated delivery in Spring 2027 City of Colleyville Page 1 CITY OF COLLEYVILLE CITY COUNCIL BRIEFING Agenda Number 4c Agenda Date 2/17/2026 Number Resolution R-26-5119 Type Resolution Department Finance Title Accepting the annual audit for the Fiscal Year ended September 30, 2025 Explanation Reading and Public Hearing On Tuesday, February 17, 2026, the Audit Committee met with Michelle Gilley, Audit Supervisor, Assurance Services, with the City's audit firm, Weaver, to review the results of the annual audit for Fiscal Year ended September 30, 2025, and the Statement on Auditing Standards 114 audit management letter. The City received an unmodified audit opinion (Independent Auditor's Report), which is the most favorable audit opinion an entity can receive. Jennifer Ripka will be present to give a brief presentation regarding the annual audit. Financial Impact There is no financial impact to the City. Recommendation Approve Attachments 1. City of Colleyville annual report 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 This Page Intentionally Left Blank 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 This Page Intentionally Left Blank 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 This Page Intentionally Left Blank 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 This Page Intentionally Left Blank 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 This Page Intentionally Left Blank 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 City of Colleyville Page 1 CITY OF COLLEYVILLE CITY COUNCIL BRIEFING Agenda Number 5a Agenda Date 2/17/2026 Type Regular Agenda Items Department Finance Title Monthly Financial Report — January 2026 Explanation Finance Director Cassie Smith will give an overview of the January 2026 Financial Report. Attachments 1. January 2026 Budget Presentation 2. January 2026 Monthly Budget vs Actual Item 5a – Monthly Financial Report Monthly Financial Report January 2026 City Council Meeting February 17, 2026 1 General Fund Performance 2 Property Tax Collections FY 26 Rate: •M&O $0.294232 •I&S $0.017699 Total Rate: $0.311931/$100 3 Note: Property taxes are due in January with the majority of collections in December and January. Sales Tax: Current Fiscal Year Collections 4 Sales Tax: Comparative Collections 5 Sales Tax: Current Fiscal Year Collections – General Fund 6 Per GASB rules, December is the first month of FY26 in which collections from sales taxes are recorded. October and November sales taxes are recorded in the prior fiscal year since the sales for those receipts occurred two months prior. Sales Tax: Regional Benchmark 7 Utilities Fund Performance 8 Drainage Fund Performance 9 Hotel Tax (HOT) Fund Performance 10 Hotel occupancy tax revenues are due quarterly. Debt Service Fund Performance 11 12 Questions & Discussion colleyvillegovernment Colleyville.com colleyvilletexas City of Colleyville Monthly Budget vs Actual Report January 31, 2026 Actual Variance % of Actual Variance % of % chg Thru Mth Annual Annual Bdg Thru Mth Annual Annual Act from PY General Fund Current Taxes 18,870,816 15,167,640 3,703,176 80.4%17,980,445 15,010,837 2,969,608 83.5%1.0% Delinquent 30,000 16,794 13,206 56.0%32,038 15,104 16,934 47.1%11.2% P&I 80,000 10,912 69,088 13.6%98,948 6,131 92,817 6.2%78.0% Property Tax Total 18,980,816 15,195,347 3,785,469 80.1%18,111,431 15,032,071 3,079,359 83.0%1.1% Sales Tax 5,304,000 878,655 4,425,345 16.6%5,074,051 839,271 4,234,780 16.5%4.7% Oncor Electric 910,000 -910,000 0.0%887,583 -887,583 0.0%0.0% Tri-County Electric 185,000 -185,000 0.0%172,925 -172,925 0.0%0.0% Atmos Gas 600,000 -600,000 0.0%682,980 -682,980 0.0%0.0% AT&T 15,000 7,278 7,722 48.5%9,534 5,026 4,508 52.7%44.8% Verizon/Others 12,000 2,014 9,986 16.8%7,462 2,409 5,054 32.3%-16.4% Refuse/Recycling 300,000 90,611 209,389 30.2%325,103 82,643 242,460 25.4%9.6% Cable TV 200,000 40,204 159,796 20.1%186,044 49,729 136,315 26.7%-19.2% Network Nodes 250 250 -100.0%250 250 -100.0%0.0% Franchise Fees 2,222,250 140,356 2,081,894 6.3%2,271,880 140,057 2,131,824 6.2%0.2% GF Revenues 31,285,851 18,482,419 12,803,432 59.1%30,677,534 18,126,423 12,551,111 59.1%2.0% GF Expenditures 31,268,504 11,154,455 20,114,049 35.7%28,906,897 9,679,183 19,227,714 33.5%15.2% Utilities Fund Water - Base Rate 2,509,730 825,538 1,684,192 32.9%2,429,276 421,876 2,007,401 17.4%95.7% Sewer - Base Rate 1,885,685 620,612 1,265,073 32.9%1,728,568 318,811 1,409,758 18.4%94.7% Water - Volumetric Rate 17,072,779 4,668,030 12,404,749 27.3%14,533,462 4,495,462 10,038,000 30.9%3.8% Sewer - Volumetric Rate 4,956,120 1,488,687 3,467,433 30.0%4,536,672 1,448,043 3,088,629 31.9%2.8% Water & Sewer 26,424,314 7,602,866 18,821,448 28.8%23,227,979 6,684,191 16,543,788 28.8%13.7% Utilities Revenues 27,013,314 7,833,272 19,180,042 29.0%25,445,010 6,973,631 18,471,379 27.4%12.3% Utilities Expenditures 26,855,702 8,117,045 18,738,657 30.2%22,141,920 6,771,896 15,370,023 30.6%19.9% Debt Service Fund Current Taxes 924,135 912,382 11,753 98.7%911,283 924,979 (13,696) 101.5%-1.4% Delinquent 2,000 846 1,154 42.3%1,242 577 665 46.5%46.6% P&I 3,400 591 2,809 17.4%5,736 236 5,501 4.1%150.9% Property Tax Total 929,535 913,819 15,716 98.3%918,261 925,792 (7,531) 100.8%-1.3% DS Revenues 1,702,645 1,686,090 16,555 99.0%1,475,019 925,792 549,227 62.8%82.1% DS Expenditures 1,693,245 1,058,610 634,635 62.5%1,540,145 902,960 637,185 58.6%17.2% Drainage Fund Drainage Fee 2,021,000 675,644 1,345,356 33.4%1,752,062 505,307 1,246,755 28.8%33.7% Drain Revenues 2,061,000 697,378 1,363,622 33.8%1,814,626 521,101 1,293,525 28.7%33.8% Drain Expenditures 1,994,787 233,483 1,761,304 11.7%737,977 243,007 494,970 32.9%-3.9% Hotel Occupancy Tax (HOT) Fund HOT Tax 230,000 52,053 177,947 22.6%422,460 52,748 369,712 12.5%-1.3% HOT Revenues 230,000 52,116 177,884 22.7%422,500 52,748 369,752 12.5%-1.2% HOT Expenditures 260,439 75,279 185,160 28.9%509,629 73,360 436,269 14.4%2.6% FY 2026 FY 2025 Note: The financial figures presented are unaudited and subject to change pending final audit adjustments. Annual Budget Annual Actual YTD City of Colleyville Page 1 CITY OF COLLEYVILLE CITY COUNCIL BRIEFING Agenda Number 6a Agenda Date 2/17/2026 Number Ordinance O-26-2358 Type Ordinance Department Community Development Title Consideration of a rezoning from RD Two-Family Residential to PUD-R Planned Unit Development Residential on Lots 1-12, Block 1; Lots 1-14, Block 2; Lots 1-30, Block 3; and Lots 1-34, Block 4, of the Fox Meadows Addition, Case ZC25-030 Explanation Second Reading and Public Hearing The applicant was present and answered questions from the City Council. No one came forward during the public hearing to speak on the request. First Reading and Public Hearing Edward Wieland, the applicant, has submitted a request for a rezoning from RD Two- Family Residential to PUD-R Planned Unit Development Residential on Lots 1-12, Block 1; Lots 1-14, Block 2; Lots 1-30, Block 3; Lots 1-34, Block 4, of the Fox Meadows Addition, being approximately 29.7 acres, and zoned RD Two-Family Residential. The request is to create a new zoning district that only permits single-family homes. Existing Conditions/Background: The subject area is at the southwest corner of Roberts Road and Fox Meadows Drive and consists of RD Two-Family Residential zoning. The subdivision is developed with 90 single-family homes. Analysis: Per Section 3.14 of the Land Development Code, when a property with RD Two-Family Residential zoning is developed with a single-family residential use, the property shall conform to the standards of the R-20 Single Family Residential zoning district. The proposed rezoning request will relieve the lots from needing to meet R-20 standards and be consistent with the existing plat for the subdivision. Plat Status: The subject area is platted. No changes to the plat are proposed. DRC Review: The DRC reviewed the request during their December 22, 2025, meeting and determined the case would be scheduled for the January 12, 2026, Planning and Zoning Commission meeting. Surrounding Development: The properties to the north and west are adjacent to the City of Grapevine boundary. The properties to the east are zoned PUD-R Planned Unit Development Residential and AG Agricultural and are improved with single-family City of Colleyville Page 2 City Council Agenda Briefing 6a homes. The properties to the south are zoned PUD-R Planned Unit Development Residential and AG Agricultural and are improved with single-family homes and the Colleyville Recreation Center. The properties to the west are zoned PUD-R Planned Unit Development Residential and are improved with single-family homes. Comprehensive Plan: The City’s comprehensive plan, Destination Colleyville, identifies the subject property for residential development. The requested rezoning meets the intent of the comprehensive plan. Public Notification: Staff mailed notices to all property owners within 500 feet as well as any Homeowners Associations within 1,000 feet of the subject property regarding this request. Grapevine-Colleyville ISD, where the subject property is located, was notified per State law. Notice was published in the Fort Worth Star-Telegram as required by State law and the Land Development Code. Financial Impact There is no financial impact to the City. Recommendation Attachments 1. Aerial Map 2. Zoning Map 3. Future Land Use Map 4. Statement of Planning Objectives 5. Rezoning Petition 6. Zoning Exhibit 7. Plat Exhibit 8. Notification Map 9. Notification Letter 10. Surrounding Property Owner Letter 11. Ordinance O-26-2358 QUEENSBURY WAY W B U R OAK DR MARTIN PKWYPRESTWICKDRPOSTOAKTRFOX TRAIL LNGLADE RD ROBERTSRDQUEENSBURYWAYEWEXFORD CT LATOURLNHUNTINGTON D R AUBURNDALEAVEBUGLE LNEVERSHAM CTSPRINGSCTMELROSEPARKDRFOX GLEN DR STRATHMORE TERRFOX MEADOWS DR OLDOAKLNHOLLOWBROOK CTST ALBANS CIR K Subject Property DISCLAIMER: This map and information contained in it were developed exclusively for use by the City of Colleyville. Any use or reliance on this map by anyone else is at that party's risk and without liability to the City of Colleyville, its officials or employees for any discrepancies, errors, or variances which may exist. ZC25-030 Fox Meadows Addition Aerial Map MARTIN PKWYPRESTWICKDRB U R OAK DR POSTOAKTRFOX TRAIL LNGLADE RD ROBERTSRDQUEENSBURYWAYEWEXFORD CT HUNTINGTON DR AUBURNDALEAVEBUGLE LNEVERSHAM CTSPRINGSCTFOX GLEN DR STRATHMORE TERRFOX MEADOWS DR OLD OAK LNST ALBANS CIRHOLLOWBROOK CTRD R-30 AG PUD-R PUD-R PUD-R PUD-R AG PUD-R PUD-R PUD-R RD PUD-RPUD-R PUD-R PUD-R K Subject Property DISCLAIMER: This map and information contained in it were developed exclusively for use by the City of Colleyville. Any use or reliance on this map by anyone else is at that party's risk and without liability to the City of Colleyville, its officials or employees for any discrepancies, errors, or variances which may exist. ZC25-030 Fox Meadows Addition Zoning Map QUEENSBURY WAY W B U R OAK DR MARTIN PKWYPRESTWICKDRPOSTOAKTRFOX TRAIL LNGLADE RD ROBERTSRDQUEENSBURYWAYEWEXFORD CT LATOURLNHUNTINGTON D R AUBURNDALEAVEBUGLE LNEVERSHAM CTSPRINGSCTMELROSEPARKDRFOX GLEN DR STRATHMORE TERRFOX MEADOWS DR OLDOAKLNHOLLOWBROOK CTST ALBANS CIR K Residential Commercial Institutional Open Space; Parks Water Body Subject Property DISCLAIMER: This map and information contained in it were developed exclusively for use by the City of Colleyville. Any use or reliance on this map by anyone else is at that party's risk and without liability to the City of Colleyville, its officials or employees for any discrepancies, errors, or variances which may exist. ZC25-030 Fox Meadows Addition Future Land Use Map 5108 5106 5104 5102 5100 5004 5002 5001 5003 5005 5101 5103 5105 5107 3104 3303 3301 5306 5304 5302 5201 5300 5203 5206 5204 5202 5200 5305 5303 5301 5205 5203 5204 5205 5203 5202 5204 5300 5302 5304 3507 5303 5300 5112 5117 5113 5109 5105 5101 5017 5013 5009 5005 5000 5001 5004 5008 5012 5016 5100 5104 5108 5049 5001 52035204 5202 5200 5100 5003 5005 5007 5009 5101 5103 5105 5107 5008 3708 3400 3400 49164916 4912 4908 4904 4900 3608 3612 3609 3608 3711 3801 4806 5021 5017 5013 5009 5005 5000 5004 5008 5012 5016 5020 5024 5029 5207 4905 4804 3100 3102 3200 3104 4906 4903 4904 4902 4900 4802 4800 4904 4902 4803 4901 3700 5309 5205 53175317 53175317 5317 5317 5317 5311 5313 50083408 3404 3205 3201 3209 QUEENSBURY WAY W B U R OAK DR MARTIN PKWYPRESTWICKDRPOSTOAKTRFOX TRAIL LNGLADE RD ROBERTSRDQUEENSBURYWAYEWEXFORD CT LATOURLNHUNTINGTON D R AUBURNDALEAVEBUGLELNEVERSHAM CTSPRINGSCTMELROSEPARKDRFOX GLEN DR STRATHMORE TERRFOX MEADOWS DR OLDOAKLNHOLLOWBROOKCTST ALBANS CIR K Subject Property Buffer Parcels to be notified DISCLAIMER: This map and information contained in it were developed exclusively for use by the City of Colleyville. Any use or reliance on this map by anyone else is at that party's risk and without liability to the City of Colleyville, its officials or employees for any discrepancies, errors, or variances which may exist. ZC25-030 Fox Meadows Addition Notification Map NOTICE OF PUBLIC HEARING «Owner_Name» «Owner_Address» «Owner_City» «Owner_Zip» The City of Colleyville has scheduled public hearings concerning the below referenced request on the following dates and location: Planning and Zoning Commission Meeting: Monday, January 12, 2026, at 7:00 p.m. City Council Meetings: Tuesday, February 3, 2026 & Tuesday, February 17, 2026, at 7:00 p.m. 3rd floor of City Hall, 100 Main Street, Colleyville, Texas Request: Consideration of a rezoning from RD Two-Family Residential to PUD-R Planned Unit Development Residential on Lots 1-12, Block 1; Lots 1-14, Block 2; Lots 1-30, Block 3; Lots 1-34, Block 4, of the Fox Meadows Addition, being approximately 29.7 acres, and zoned RD Two-Family Residential. The request is to rezone the subject property to only allow single-family dwellings. Zoning Case: ZC25-030 Applicant: Edward Wieland Property Description: Lots 1-12, Block 1; Lots 1-14, Block 2; Lots 1-30, Block 3; Lots 1-34, Block 4, of the Fox Meadows Addition Present Zoning: RD Two-Family Residential This notice has been sent to all owners of real property within 500 feet of the request as such ownership appears on the last approved tax roll and all homeowners’ associations within 1000 feet. Approval by the Planning and Zoning Commission serves as a recommendation to the City Council and is not a final action on the request. Denial of the proposal by the Commission is final, unless the applicant submits a written notice of appeal within 10 days from the date of action by the Commission. If appealed, the request will be placed on the next available City Council agenda as listed above. Rezoning requests, zoning amendments and conditions recommended by the Commission for approval by the City Council may be more restrictive than those described in this notice. All interested persons are encouraged to attend the public hearing and express their opinions on the zoning change request. If you are unable to attend, but wish to have your opinions made a part of the public record, please submit written comments prior to the public hearing, to the address or email below: Community Development Department City of Colleyville 100 Main Street Colleyville, TX 76034 Citizenletters@Colleyville.com NOTICE OF PUBLIC HEARING The application is on file for public examination in the Community Development Department at 100 Main Street, Colleyville, Texas 76034. A brief project description can be found online on the Agenda Packet and Active Development Case map (please use your phone’s camera to scan QR code below): For additional information, please contact the Community Development Department at 817.503.1050. Please reference the case number when requesting information. Daniel Ponder Daniel Ponder Planning Manager ORDINANCE O-26-2358 AMENDING THE ZONING ORDINANCE AND THE OFFICIAL ZONING MAP OF THE CITY OF COLLEYVILLE, TEXAS, BY CHANGING THE ZONING ON 29.691 ACRES, BEING LOTS 1-12, BLOCK 1; LOTS 1-14, BLOCK 2; LOTS 1-30, BLOCK 3; AND LOTS 1-34, BLOCK 4, OF THE FOX MEADOWS ADDITION, BY AUTHORIZING A REZONING FROM RD TWO-FAMILY RESIDENTIAL DISTRICT TO PUD-R PLANNED UNIT DEVELOPMENT – RESIDENTIAL DISTRICT; PROVIDING A PENALTY OF FINE NOT TO EXCEED THE SUM OF TWO THOUSAND DOLLARS ($2,000.00) AND PROVIDING AN EFFECTIVE DATE WHEREAS, the City of Colleyville has received an application for a rezoning from RD Two-Family Residential district to PUD-R Planned Unit Development – Residential district, under Case ZC25-030; and WHEREAS, the City of Colleyville deems it necessary, for the purpose of promoting the health, safety, morals, or general welfare of the City to amend the City's zoning ordinance; and WHEREAS, the Planning and Zoning Commission of the City of Colleyville, has considered and made recommendations on the request, having given the requisite notices, and having held due hearings and affording a full and fair opportunity for all persons interested in the matter to be heard; and WHEREAS, the City Council is of the opinion the change in zoning provided for herein should be made, in compliance with the City Charter, and state law with reference to changes to zoning classifications under the City's zoning ordinance and zoning map, having given the requisite notices required by law and having held public hearings affording all interested persons and property owners a full and fair opportunity to be heard. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS: Sec. 1. THAT the Comprehensive Zoning Ordinance of the City of Colleyville, Texas, be, and the same is hereby amended by authorizing a rezoning from RD Two-Family Residential district to PUD-R Planned Unit Development – Residential district as depicted on the attached as Exhibit "A". Ordinance O-26-2358 Page 2 of 4 Sec. 2. THAT the above described tract of land shall be used only in the manner and for the purposes provided by the Comprehensive Zoning Ordinance of the City of Colleyville as heretofore amended, and as amended herein. Sec. 3. THAT the above described tract of land shall be subject to the following conditions: 1. GENERAL a. The purpose of this PUD-R is to allow for a single-family residential development of no more than 90 single-family detached dwelling units. b. All development or improvement of the subject property shall be in conformance with the R-20 Single-Family Residential District regulations, subject to the exceptions set forth in this Ordinance. c. The subject property is subject to all regulations in the Land Development Code, except where amended herein. 2. CONCEPTUAL PLAN AND PLATTING a. The street layout and subdivision design shall be consistent with the plat, labeled as Exhibit “B”. 3. PERMITTED USES a. The subject property shall be used solely for detached single-family residences. 4. RESIDENTIAL LOT REQUIREMENTS AND SETBACKS The R-20 lot standards and setbacks are herein modified as follows: a. Minimum Lot Size: 9,600 square feet b. Minimum Lot Width: 72 feet. Lots that front a cul-de-sac or street turn shall be no less than 37 feet. c. Front Yard Setback: 25 feet Ordinance O-26-2358 Page 3 of 4 d. Alternative Front Yard Setbacks: 45 feet for Lots 7, 17, and 18, Block 3; and Lots 29, 30, and 31, Block 4; 40 feet for Lots 11 and 12, Block 2; and 35 feet for Lots 6, 8, 16, and 19, Block 3. e. Side Yard Setback: 10 feet f. Rear Yard Setback: 25 feet g. Street Side Yard Setback: 25 feet h. Maximum Lot Coverage: 50 percent i. Maximum Impervious Coverage: 70 percent 5. OPEN SPACE a. This development shall not be required to provide any common open space area. Sec. 4. THAT any person, firm, or corporation violating any of the provisions or terms of this ordinance shall be subject to the same penalty as provided for in the Comprehensive Zoning Ordinance, as heretofore amended, and upon conviction shall be punished by a fine set in accordance with Chapter 1, Section 1-6 of the Code of Ordinances for the City of Colleyville. Sec. 5. THAT in addition to and accumulative of all other penalties, the City shall have the right to seek injunctive relief for any and all violations of this ordinance. Sec. 6. THAT if any section, paragraph, subdivision, clause, phrase or provision of this ordinance shall be judged invalid or unconstitutional, the same shall not affect the validity of this ordinance as a whole or any portion thereof other than that portion so decided to be invalid or unconstitutional. Sec. 7. THAT this ordinance shall take effect immediately from and after its passage subject to the publication of the caption, as the law or charter in such cases may provide. Ordinance O-26-2358 Page 4 of 4 AND IT IS SO ORDERED. The first reading and public hearing being conducted on the 3rd day of February 2026. The second reading and public hearing being conducted on the 17th day of February 2026. APPROVED BY A VOTE OF _ AYES AND _ NAYS ON THIS THE 17TH DAY OF FEBRUARY 2026. Mayor Bobby Lindamood Aye Mark Alphonso, Place 2 Aye Mayor Pro Tem Brandi Elder Aye Ben Graves, Place 4 Aye Deputy Mayor Pro Tem Scotty Richardson Aye Tim Raine, Place 6 Aye Kimberly Holt Gunderson, Place 5 Aye ATTEST: CITY OF COLLEYVILLE Christine Loven, TRMC Bobby Lindamood City Secretary Mayor APPROVED AS TO FORM: Whitt Wyatt City Attorney Exhibit “A” – Aerial Map Exhibit “B” – Plat City of Colleyville Page 1 CITY OF COLLEYVILLE CITY COUNCIL BRIEFING Agenda Number 7a Agenda Date 2/17/2026 Number Resolution R-26-5120 Type Resolution Department Engineering Title Approval of an advanced funding agreement with the Texas Department of Transportation for a Highway Planning and Construction Project for Cheek-Sparger Road Explanation Reading and Public Hearing This item is for the approval of an advanced funding agreement with the Texas Department of Transportation (TxDOT) for a Highway Planning and Construction Project. The scope of the project consists of the reconstruction of a two-lane undivided roadway to a two-lane undivided urban roadway with intersection improvements to improve safety, and sidewalks/shared use path on Cheek-Sparger Road from Bedford Road to Heritage Avenue. The federal participation is $12,500,000 and state participation of $51,312. The City’s contribution to the state is estimated at $931,250. The federal participation is a combination of $10,000,000 from the North Central Council of Governments, administered through TxDOT and $2,500,000 from Texas Representative Beth Van Duyne. Additional funding for the overall project includes $13,000,000 from the Tarrant County Bond program. Financial Impact The funding source for the project is the Tax Increment Fund. Recommendation Approve Attachments 1. Advanced Funding Agreement 2. Resolution R-25-5120 TxDOT:: Federal Highway Administration: CCSJ #0902-90-370 AFA ID Z00012332 CFDA No. 20.205 AFA CSJs 0902-90-370 CFDA Title Highway Planning and Construction District # 02 Code Chart 64# 09100 Project Name Cheek Sparger: Bedford to Heritage Ave AFA Not Used For Research & Development Page 1 of 1 AFA LongGen Attachment C ATTACHMENT C RESOLUTION, ORDINANCE, OR COMMISSIONERS COURT ORDER RESOLUTION 26-5120 APPROVING AN ADVANCE FUNDING AGREEMENT WITH THE STATE OF TEXAS FOR THE HIGHWAY PLANNING AND CONSTRUCTION OF CHEEK-SPARGER ROAD FROM BEDFORD ROAD TO HERITAGE AVENUE; PROVIDING FOR LOCAL FUNDING; AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE AGREEMENT WHEREAS, the City Council finds it in the best interest of the City and its citizens to utilize public grant programs to maintain and enhance the quality of the City’s roadway network; and WHEREAS, the City of Colleyville, Texas (“City”) submitted a request to the Texas Department of Transportation (“TxDOT”) for state participation in the form of Highway Planning and Construction funding to pay a portion of the costs for the Cheek-Sparger Road Improvements (the “Project”). NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS: Sec. 1 THAT the City Council authorizes the City Manager to execute an Advance Funding Agreement with the State of Texas for Highway Planning and Construction funding for reconstruction of a two-lane undivided roadway to two-lane undivided urban roadway with intersection improvements to improve safety, and sidewalks/shared use path on Cheek-Sparger Road from Bedford Road to Heritage Avenue. In addition to roadway construction, a traffic signal will be installed at Martin Parkway and Cheek-Sparger Road. Sec. 2 THAT the Federal participation is estimated to be $12,500,000 and state participation of $51,312. The City will be responsible for 100% of the environmental and engineering costs, 100% of cost overruns for the Project, and local participation estimated to be $931,250 as set forth in the Agreement. Sec. 3 THAT the City’s portion of the Project funding required under the Agreement shall come from the City’s Tax Increment Fund. Sec. 4 THAT this Resolution shall become effective immediately upon passage. AND IT IS SO RESOLVED. Resolution R-26-5120 Page 2 of 2 APPROVED BY A VOTE OF _ AYES, _ NAYS ON THIS THE 17TH DAY OF FEBRUARY, 2026. Mayor Bobby Lindamood Aye Mark Alphonso, Place 2 Aye Mayor Pro Tem Brandi Elder Aye Ben Graves, Place 4 Aye Deputy Mayor Pro Tem Scotty Richardson Aye Tim Raine, Place 6 Aye Kimberly Holt Gunderson, Place 5 Aye ATTEST: CITY OF COLLEYVILLE Christine Loven, TRMC Bobby Lindamood City Secretary Mayor City of Colleyville Page 1 CITY OF COLLEYVILLE CITY COUNCIL BRIEFING Agenda Number 9 Agenda Date 2/17/2026 Type Report Department City Secretary Title January 12, 2026 Planning and Zoning Commission Minutes January 26, 2026 Planning and Zoning Commission Worksession Minutes Attachments 1. January 12, 2026 Planning and Zoning Commission Minutes 2. January 26, 2026 Planning and Zoning Commission Worksession Minutes City of Colleyville Page 1 CITY OF COLLEYVILLE PLANNING AND ZONING COMMISSION MINUTES 100 Main Street, Colleyville, Texas, 76034 MONDAY, JANUARY 12, 2026 CALL MEETING TO ORDER EXECUTIVE CONFERENCE ROOM The City of Colleyville Planning and Zoning Commission Pre Commission Meeting was called to order by Chair David Groves on January 12, 2026, at 6:15 p.m. Roll Call Present: David Groves, Jerry Savoie, Richard Remley, David Ebert, Jerome Obinabo, and Brandon Arnold Absent: Candace Sandifer Staff Present: Community Development Director Ben Bryner, Planning Manager Daniel Ponder, Planner Christopher Pham, Planner/Urban Forester Ivana Gonzalez, and Planner Bethany Lopez. Planner Bethany Lopez briefed the Commission on the item that would be presented on tonight’s agenda. There was general discussion regarding the updates to the case the Commission would be voting on, including a letter of opposition received from a resident concerned that rezoning would require HOA formation. Chair David Groves adjourned the Planning and Zoning Commission Pre Commission Meeting at 6:19 p.m. CALL MEETING TO ORDER CITY COUNCIL CHAMBERS The City of Colleyville Planning and Zoning Commission Meeting was called to order by Chair David Groves on January 12, 2026, at 7:00 p.m. Roll Call Present: David Groves, Jerry Savoie, Richard Remley, David Ebert, Jerome Obinabo, and Brandon Arnold Planning and Zoning Commission Minutes January 12, 2026 City of Colleyville Page 2 Absent: Candace Sandifer Staff Present: Community Development Director Ben Bryner, Planning Manager Daniel Ponder, Planner Christopher Pham, Planner/Urban Forester Ivana Gonzalez, and Planner Bethany Lopez. 1. APPROVAL OF MINUTES 1a December 8, 2025 Planning and Zoning Commission Meeting Minutes December 22, 2025 Planning and Zoning Commission Worksession Meeting Minutes Commissioner Savoie made a motion to approve the December 8, 2025 Planning and Zoning Commission Meeting Minutes and the December 22, 2025 Planning and Zoning Worksession meeting minutes, seconded by Commissioner Obinabo. The motion was carried by the following vote: Aye: 6 – Groves, Savoie, Obinabo, Arnold, Remley, and Ebert Nay: 0 2. PUBLIC HEARING AGENDA ITEMS 2a Consideration of a Rezoning from RD Two Family Residential to PUD-R Planned Unit Development Residential on Lots 1-12, Block 1; Lots 1-14, Block 2; Lots 1-30, Block 3; Lots 1-34, Block 4, of the Fox Meadows Addition, Case ZC25-030 Planner Bethany Lopez presented case ZC25-030 and briefed the Commission on the request. The applicant is requesting to rezone to avoid potential duplex development. The site is fully built out, and the PUD-R Planned Unit Development Residential requirements would align with the existing development as it currently stands. Edward Wieland, the applicant, came forward and briefed the commission on his request. Commissioner Obinabo shared one resident’s HOA concern; applicant stated there is no intent for HOA creation. The public hearing was opened. With no one wishing to speak, the public hearing was closed. Commissioner Savoie made a motion to approve case ZC25-030, seconded by Commissioner Arnold. Planning and Zoning Commission Minutes January 12, 2026 City of Colleyville Page 3 The motion was carried by the following vote: Aye: 6 – Groves, Savoie, Obinabo, Arnold, Remley, and Ebert Nay: 0 3. CITIZEN COMMENTS The public hearing was opened. With no one wishing to speak the public hearing was closed. 4. ADJOURNMENT The meeting adjourned at 7:17 p.m. The minutes were written and prepared by: Ivana Gonzalez Ivana Gonzalez Urban Forester/Planner The meeting minutes were approved on February 9, 2026, by a vote of 4-0. City of Colleyville Page 1 CITY OF COLLEYVILLE PLANNING AND ZONING COMMISSION WORKSESSION MINUTES 100 Main Street, Colleyville, Texas, 76034 MONDAY, JANUARY 26, 2026 CALL MEETING TO ORDER EXECUTIVE CONFERENCE ROOM The City of Colleyville Planning and Zoning Commission Worksession Meeting was called to order by Chair David Groves on January 26, 2026, at 6:15 p.m. Roll Call Present: David Groves, David Ebert, Jerome Obinabo, Jerry Savoie, and Brandon Arnold. Absent: Richard Remley and Candace Sandifer. Staff Present: Community Development Director Ben Bryner and Fire Marshal Rob Mckeown. 2. WORKSESSION AGENDA ITEMS 2a Presentation and discussion of a Special Use Permit for Massage Therapy use on Lot 3R1, Block 1, Felps, Andy Addition, located at 3919 Colleyville Boulevard, Case ZC26-001 Community Development Director Ben Bryner presented the case and briefed the Commission on the request. There was discussion regarding the business plan and the Certificate of Occupancy application. 2b Presentation and discussion of a rezoning from R-40 Single-Family Residential and R-20 Single-Family Residential to R-40 Single-Family Residential on Tracts 4M and A328 TR 2V, Abstract 1518, David R. Teeter Survey, located at 2200 Oak Knoll Drive, Case ZC26-002 Community Development Director Ben Bryner presented the case and briefed the Commission on the request. There was discussion regarding the requirements of the zoning district and the concurrent plat application. Planning and Zoning Commission Worksession Minutes January 26, 2026 City of Colleyville Page 2 2c Presentation and discussion of a Special Use Permit for an accessory building on Lot 6, Block 7, Oak Crest Hills, located at 205 Oak Crest Hill Drive, Case ZC26-003 Community Development Director Ben Bryner presented the case and briefed the Commission on the request. There was discussion regarding the requirements for accessory buildings. The subject lot area is 26,776 square feet, which allows a maximum of 1,071 square feet for accessory buildings. The proposed structure is 1,200 square feet. 2d Presentation and discussion of a minor plat with a waiver for lot width for proposed Lot 1, Block 1, Engelman Addition, being Tracts 4M and A328 TR 2V, Abstract 1518, David R. Teeter Survey, located at 2200 Oak Knoll Drive, Case PC26-001 Community Development Director Ben Bryner presented the case and briefed the Commission on the request. There was discussion regarding the requirements of the zoning district and the concurrent rezoning application. The plat requires a waiver due to its substandard lot width for the R-40 zoning district. 3. ADJOURNMENT The meeting adjourned at 6:26 p.m. The minutes were written and prepared by: Bethany Lopez Bethany Lopez Planner The meeting minutes were approved on February 9, 2026 by a vote of 4-0. RESOLUTION R-26-5121 A RESOLUTION APPROVING CITY COUNCIL ACTION UNDER BUSINESS AT THE REGULAR CITY COUNCIL MEETING OF FEBRUARY 17, 2026 WHEREAS, City Council has taken action on certain items on the agenda under Business. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS: Sec. 1. THAT AND IT IS SO RESOLVED. APPROVED BY A VOTE OF _ AYES, _ NAYS, ON THIS THE 17TH DAY OF FEBRUARY 2026. Mayor Bobby Lindamood Aye Mark Alphonso, Place 2 Aye Mayor Pro Tem Brandi Elder Aye Ben Graves, Place 4 Aye Deputy Mayor Pro Tem Scotty Richardson Aye Tim Raine, Place 6 Kimberly Holt Gunderson, Place 5 Aye ATTEST: CITY OF COLLEYVILLE Christine Loven Bobby Lindamood City Secretary, TRMC Mayor