Adopted Budget 2015-2016

GENERAL FUND

Waste Management and the Coliseum Funds, holds steady at about $69.7 million. The General Fund transfer to the Solid Waste Management Fund is increasing slightly from $1.78 million to $1.81 million. The General Fund transfer to the Coliseum Fund is increasing from $2.34 million to $2.50 million for a fiscal year that will not include the ACC Men’s Basketball Tournament. The Community Services Result Area, which includes the Library, Neighborhood Development and Parks and Recreation Departments, increases slightly from $28.2 million to $28.4 million. Budget reductions are discussed in greater detail within the Result Area section of the document, but include reductions of 3.5 FTE positions in Parks and Recreation and 1.0 FTE in Libraries. The General Government Result Area budget increases from $24.8 million to $25.3 million. The budget includes $352,000 for the November 2015 municipal election. The FY 16-17 Projected Budget is $8.1 million, or 3.1%, higher than the Adopted FY 15-16 Budget. The contribution to the Debt Service Fund is projected to increase from $18.3 million in FY 15-16 to $21.1 million in FY 16-17 to allow for continued borrowing for capital improvements authorized through approved voter referenda in 2006, 2008 and 2009. Approximately $100,000,000 of authorized bonds remain to be sold from the previous three successful bond referenda. As currently projected, the General Fund will require additional revenue equivalent to one cent on the tax rate to fund these increased debt service costs in FY 16-17. The contribution to the Debt Service Fund will increase from $18.0 million to $18.3 million.

Expenditures by Result Area

The chart below shows a Result Area comparison of General Fund expenditures for FY 13-14 Actual Expenditures, the FY 14-15 Amended Budget, the FY 15-16 Adopted Budget and the FY 16-17 Projected Budget. The FY 15-16 Adopted Budget is $4.2 million, or 1.6%, greater than the Amended FY 14-15 Budget. Approximately $760,000 in expenditure savings is achieved through planned service reductions or efficiency improvements, including the elimination of 14.3 full-time equivalent (FTE) positions. These reductions are discussed in greater detail throughout the document. Additionally, reduced fuel prices and projections for moderate price changes during FY 15-16 allow for about $800,000 in budgeted fuel reductions. These savings are concentrated in the Police and the Field Operations Departments. The Public Safety Result Area, which includes Police, Fire and the General Fund support for the Metro 911 Fund, shows an increase of about $3.4 million, or about 2.8%. The Adopted Budget includes six additional firefighter positions to add an additional position to two ladder companies for each response shift. Six positions were added during the FY 14-15 budget year for the same purpose, for a total increase of twelve positions over two years. An additional six firefighter positions are projected to be added in FY 16-17, for a total of eighteen new positions over three years. The General Fund transfer to the Metro 911 Fund will increase from $4.42 million to $4.72 million. The Infrastructure Result Area, which includes Field Operations, Transportation, Engineering and Inspections, Planning, and contributions to Solid

General Fund Expenditures by Result Area

2013-14

2014-15 Budget

2015-16 Adopted

2016-17 Projected

Result Area

Actual

Community Services

26,596,254

28,239,361

28,452,828

29,128,057

General Government

24,819,489

24,809,495

25,280,736

25,656,655

Infrastructure

66,166,517

69,810,046

69,744,581

71,120,881

Public Safety

115,661,632

119,513,843

122,892,616

125,689,931

Debt Service

17,515,250

18,043,080

18,272,570

21,145,616

Total

250,759,143

260,415,825

264,643,331

272,741,140

Adopted FY 2015-16 Budget

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