2018-2019 Adopted Budget

Total Budget-Revenues

current year. The transfer from the Powell Bill Fund to the General Fund is budgeted at $5.65 million. The transfer helps to balance the General Fund budget as Powell Bill eligible expenditures in the General Fund are paid for with Powell Bill proceeds.

The Water Resources Fund will appropriate $14.0 million in the FY 18-19 budget, compared to $8.0 million in fund balance for FY 17-18. Much of this additional appropriation will be transferred to capital reserve funds to support pay-as-you-go financing for various capital improvement projects and investments. its appropriated fund balance from $1.80 million in the current year to $788,000 for FY 18-19. The fund appropriated considerable fund balance in the current year to complete funding of the upgraded P25 radio system. Appropriated fund balance for the General Fund is $6.24 million, or 2.1%, of the total General Fund budget. The appropriated fund balance percent of total budget is similar to recent years. The Technical Services Fund reduces

Fund Balance

The City of Greensboro fund balance policy states that “each year the estimated savings realized from unexpended appropriations in the General Fund shall be evaluated with respect to appropriation to the following year’s revenue budget as Appropriated Fund Balance to assist in financing that year’s budget.” Appropriated fund balance budgets across all funds increase from $32.3 million in FY 17-18 to $34.2 million for FY 18-19.

15