Adopted Budget Projected Budget 2016-2017

TOTAL BUDGET— EXPENDITURES

The FY 16-17 Net Adopted Budget (all funds) is about $22.0 million, or 4.4% higher than the revised FY 15-16 budget. The Hotel Motel Occupancy Tax Fund includes a $7.2 million transfer increase related to the construction of the Greensboro Swarm Fieldhouse and other improvements at the Coliseum. Absent this transfer, the Adopted Budget would be $14.8 million, or 3.0% higher than the revised FY 15-16 budget. The Infrastructure Result Area, the largest service area at $267.4 million, shows an increase of $6.0 million over the current year. The Water Resources Fund budget increases from $122.0 million to $122.6 million. A reduction in budgeted debt service costs from $27.6 million to $24.3 million allows for an increase in the contribution to the capital reserve from $26.6 million to $29.3 million. A proposed increase in the Motor Vehicle License Fee will provide an additional almost $3.9 million for resurfacing and is included in this result area. The Public Safety Result Area increases from $132.6 million to $136.2 million. Six (6) additional

firefighter positions are added in the Adopted Budget. These positions, coupled with twelve (12) firefighter positions that were authorized by City Council over the past two years, complete the effort to outfit all ladder company shifts with four (4) positions. Approximately $600,000 is included for replacement of Police Body Worn Camera technology. The Community Services Result Area increases from $40.5 million to $47.5 million. As referenced earlier, the Hotel Motel Occupancy Fund includes financing of the new Fieldhouse and other projects at the Coliseum. These expenses account for the significant increase in this result area. The Debt Service Result Area increases from $20.0 million to $24.0 million. Specifically, the Debt Service Fund increases from $19.4 million to $23.4 million due to increased borrowing costs related to successful referenda in 2006, 2008 and 2009. The Projected FY 17-18 Budget is 1.2% lower than the FY 16-17 Adopted Budget.

Total Net Expenditures by Expenditure Category

2014-15

2015-16 Budget

2016-17 Adopted

2017-18 Projected

Category

Actual

Personnel Costs

206,189,929 185,570,082 42,762,367 14,363,610

215,818,116 211,474,230 54,286,373 16,077,289

224,536,879 224,893,788 55,269,966 14,970,484

231,174,864 210,457,566 56,750,072 15,101,929

Maintenance & Operations

Debt Service Capital Outlay

Total Expenditures

448,885,988

497,656,008

519,671,117

513,484,431

Budgeted personnel costs are 4.0% higher than the current year budget, including a net increase of about sixteen (16) full-time equivalent (FTE) positions within the total operating budget. Six (6) additional firefighter positions are added in the Budget. These positions coupled with twelve (12) firefighter positions that were authorized by City Council over the past two years completes the effort to outfit all ladder company shifts with four (4) positions. Maintenance and Operations (M/O) costs, which include transfers from operating funds to capital projects or capital reserve funds, show about a $13.4 million or 6.3%, increase compared to the FY 15-16 Budget. The single largest increase in a particular fund occurs in the Hotel Motel Occupancy Fund where a $7.2 million increase (from $4.4 million in the current year to $11.6 million) in the transfer to Coliseum improvements supports the construction of the Greensboro Swarm Fieldhouse and other Coliseum improvements. Absent this increase, M/O expenses would be increasing $6.2 million or 2.9%. Water Resources Fund will

increase its contribution to the Water Resources Capital Reserve Fund from $26.6 million to $29.3 million. These contributions fund a variety of water system infrastructure maintenance and repair and help contain the overall amount of debt financing necessary for the system. Overall M/O budgets continue to benefit from lower fuel prices. Total budgets for gasoline and diesel fuel will be reduced from $7.4 million in the current year to $5.8 million in FY 16-17. Overall budgeted debt service expenses are increasing from $54.3 million to $55.3 million. Payments from the Debt Service Fund to retire general obligation debt increase from $19.4 million in the current year to $23.4 million for FY 16-17. Budgeted debt service expenses decrease in the Water Resources Fund, from $27.6 million to $24.3 million. Capital outlay expenditures are budgeted at $15.0 million, about $1.1 million below current year. The Equipment Services Fund is projecting rolling stock replacement needs of $10.0 million in FY 16-17 as compared to $10.6 million in the current year.

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