Colleyville EDC adopts FY2026 budget and five-year capital plan; board approves consent minutes

The Colleyville Economic Development Corporation board of directors unanimously approved an annual budget for fiscal year 2026 and adopted an economic development capital improvement program after brief presentations and public hearings during its Aug. 19, 2025, meeting.

The board adopted a proposed annual budget that lists total revenues of $2,830,000, operating expenditures of $2,504,665, capital expenditures of $1,940,000 and total expenditures of $4,440,665. Board members were also presented the EDC’s capital improvement program (EDCIP) for fiscal year 2026, which lists proposed projects totaling $1,690,000 for that year.

The EDCIP presentation identified five projects proposed for FY2026 and their requested amounts: awnings at the park facility and City South Lot ($300,000); city hall and library renovations ($70,000); park signage replacement ($220,000); recreation-center and voting-center improvements ($1,000,000); and security cameras in parks ($100,000). The packet also showed fiscal year 2025 capital listed as $550,000.

A staff member said the parks camera program has been ongoing: “We’ve done that for multiple years, putting additional cameras in the parks,” and added that newer technology allows license-plate readers, or LPRs, to be used alongside cameras at City Park “so that we can use those for crime fighting.”

Director Scottie Richardson commented on several projects, saying awnings could reduce hail damage and save money and noting the library’s interior condition: “I saw the wallpaper condition. It’s really pretty bad right now.” Richardson also observed the overall package “looks like the proposed budget is just $50,000 more than last year.”

Staff described the budget approach as conservative on revenue projections, particularly sales tax. “We try to be very conservative on our sales tax projections, so that if we’re going to have a flattening of sales tax or a drop, this budget isn’t struggling to meet its needs,” a staff member said, noting operating expenses increased largely because of a compensation study and other cost adjustments.

The board also heard staff projections showing an expected surplus of about $325,000 at the end of the next fiscal year and a description of fund-balance and reserve planning. Staff said the EDC maintains a 90-day operating reserve requirement of $618,000 by policy and indicated the fund balance includes roughly $4,000,000 intended in part for capital expenditures. Staff characterized the fund as “very healthy” under current projections while noting reserves are used for one-time capital projects rather than ongoing operating costs.

All three agenda items requiring votes passed unanimously. The board approved prior meeting minutes under a consent resolution; adopted the EDCIP (resolution R-25-175 as stated in the meeting); and adopted the annual budget for fiscal year 2026 (resolution R-25-176 as stated in the meeting). Public hearings on the EDCIP and the budget were opened and closed with no public speakers recorded.

Votes at a glance: the consent resolution approving prior meeting minutes passed 6-0 (motion by Director George Dodson; second by Director Scottie Richardson). The resolution adopting the EDCIP (R-25-175, as stated) passed 6-0 (motion by Director Brandy Elder; second by Director Kimberly Holt Gunderson). The resolution adopting the FY2026 annual budget (R-25-176, as stated) passed 6-0 (motion by Director George Dodson; second by Director Scottie Richardson).

The board adjourned at approximately 5:18 p.m.