Adopted Budget Projected Budget 2016-2017

Fund Summary-General Fund

Highlights

Expenditures By Category:

The chart below shows a comparison of General Fund expenditures by expenditure category for FY 14-15 Actual Expenditures, the FY 15-16 Amended Budget, the FY 16-17 Adopted and FY 17-18 Projected Budgets.

General Fund Expenditures by Expenditure Category

2014-15

2015-16 Budget

2016-17 Adopted

2017-18 Projected

Actual

Personnel Costs

157,522,819

163,565,424

169,707,558

174,608,847

Maintenance & Operations

80,579,447

84,762,785

84,589,572

85,488,887

Debt Service

18,043,080

18,272,570

21,238,110

21,454,370

Capital Outlay

80,960

122,984

25,200

25,200

Total

256,226,305

266,723,763

275,560,440

281,577,304

The General Fund Adopted Budget projects a $6.1 million, or 3.8%, increase in budgeted personnel costs. The fund shows a net increase of about ten (10) FTE positions, including six (6) Fire Department positions which will complete the allocation of four (4) firefighter positions assigned to each ladder truck for each shift. The budget includes funds for a merit pay adjustment that averages 2.75% for employees. The budget also funds the Public Safety step program for Police Department ranks Officer 1 through Sergeant and Fire Department ranks from Firefighter through Fire Captain. The Adopted Budget includes a 13.0% increase in contributions to the Risk Retention (Health Insurance) Fund (about $2.6 million) for employee health insurance. City employees incurred an average increase of 10% for employee paid health insurance premiums effective January 1 2016. Maintenance and Operations (M/O) expenditures, including transfers to other funds, are budgeted at $84.6 million, just slightly below the current year budget of $84.8 million.

The General Fund is benefitting from lower fuel costs that have occurred during FY 15-16, with somewhat stable prices expected through the next fiscal year. Based on these projections, the portion of the overall M/O budget dedicated to fuel is reduced by about $850,000, from $3.82 million to $2.97 million. The General Fund contribution to the Solid Waste Management Fund increases from $1.81 million to $1.90 million. The General Fund contribution to the Coliseum Fund will increase from $2.50 million to $2.70 million. The General Fund contribution to the Guilford Metro Communications Fund will increase from $4.72 million to $4.90 million. General Fund contributions to the Debt Service Fund will increase from $18.3 million in FY 15-16 to $21.2 million in FY 16-17. This increase is necessary to support additional borrowing stemming from voter-approved referenda in 2006, 2008 and 2009. The FY 17-18 Projected Budget is $6.0 million, or 2.2%, higher than the Adopted FY 16-17 Budget. Contributions for debt service expenses are projected to increase from $21.2 million in FY 16- 17 to $21.5 million in FY 17-18.

Adopted FY 2016-17 Budget

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