Budget in Brief FY 24-25

Budget In Brief

LAVING THE FOUNDATION FOR A POSITIVE PATH FORWARD

GREENSBORO NORTH CAROLINA

Fiscal Vear 2024 - 2025

BUDGET IN BRIEF 1

2024 - 2025 ADOPTED BUDGET : $802,011,267

The City of Greensboro adopts its budget by ordinance, in accordance with North Carolina General Statutes, requiring estimated revenues and appropriated fund balances to be equal to appropriations. The citywide Fiscal Year 2025 (FY 24-25) adopted budget runs from July 1, 2024 through June 30, 2025 . Organizational Strategic Priorities, developed by City Council and City staff, are used as guidelines in the development of funding recommendations. The net adopted budget of $802,011,267 is $50.6 million, or 7%, higher than the revised FY 23-24 budget.

Jon Decker, Budget Director

STAFF David Cashwell Leo Jaffe Tiffany Jones Ketesha Little-Cofield

Karen Lloyd Tracy Nash Leah Price

EXPENDITURES : By Service Area

The City of Greensboro budget is designed to highlight and emphasize service areas and programs. Each service area is responsible for delivering quality services to residents throughout Greensboro. The four main service areas listed from largest to smallest are Infrastructure, Public Safety, General Government, and Community Services (Page 3-4). The remaining service area is Debt Service , which is closely tied to the Capital Improvements Program (CIP) budget (Page 5).

BUDGET SIMULATOR

Would you like to share your thoughts about how the City spends your tax dollars? The Balancing Act budget simulation tool allows you to adjust simulated budgets for City departments, to align resources with services that you value most.

WHERE DOES THE MONEY GO?

Budget staff are available to meet with residents at community and neighborhood meetings to share this simulation tool and explain how it works. To request a presentation, please call 336-373-2291 greensboro-nc.gov/simulator

General Government 9¢

Infrastructure 52 ¢

Public Safety 25¢

Community Services 8¢

Debt Service 6¢

BUDGET IN BRIEF 2

WHERE DOES THE MONEY COME FROM? REVENUE: $802,011,267

Fund Balance 5% $49,171,682

Intergov Revenue 6% $56,116,881

Sales Tax 9% $89,625,417

Other Revenue 22% $220,022,237

Property Tax 27% $264,169,725

User Charges 31% $302,822,849

FY 24-25 REVENUE

USER CHARGES : Charges, fees, and licenses for City services such as water, parking fees, or Coliseum concessions.

PROPERTY TAX: The adopted tax rate is 67.25 cents per $100 valuation, the same as the FY 23-24 rate.

OTHER REVENUE: Everything else, including interest income, internal service charges, donations, and sales of assets.

SALES TAX: In addition to the 4.75% general state sales tax, Guilford County levies a 2% general sales tax on goods and services, like restaurant food, and distributes the revenue to its jurisdictions. INTERGOVERNMENTAL REVENUE: Collected by the state and returned to local governments, such as the Utility Sales Taxes. This category also includes federal and state grants, as well as the County’s contributions to the City’s Library System.

FUND BALANCE: Unexpended funds from the current year appropriated for the following year’s budget.

All estimates are based on actual prior year amounts, current year projections, trend analysis, and general economic forecasts.

BUDGET IN BRIEF 3

HIGHLIGHTS BY SERVICE AREA

INFRASTRUCTURE: $420,401,548 The FY 24-25 adopted budget is increasing by 7.8%, or $30,249,220.

 The Water Resources budget includes a water rate increase of 10.25% and wastewater increase of 7.25%, or an 8.5% increase on average for inside and outside customers. The budget also includes a 20% increase in stormwater fees, which have not been increased in the City of Greensboro since 2001.  Effective July 1, 2024, the Greensboro Coliseum and Complex and the Steven Tanger Center for the Performing Arts will be managed by a private management and booking services contractor. The City will maintain ownership of all facilities.   The Transit System Fund (GTA ) is increasing by 13.1%, or $4,120,435, which includes funding for the new Crosstown Max bus route which provides service every 15 minutes from GTCC-Wendover to the Wendover-Bridford Retail District.   The Solid Waste & Recycling (formerly Field Operations) budget is decreasing by 27.3%, or $12,127,780. During FY 23-24, the Solid Waste & Recycling department underwent a major reorganization. The Transportation department will now be responsible for the Streets Maintenance program, which is supported by a transfer of 63 FTEs and $3,728,290 in Maintenance & Operations from the Solid Waste & Recycling department. The Parks & Recreation department will be responsible for Right-of-Way Maintenance, which is supported by a transfer of 60.475 FTEs and $1,983,046 in Maintenance & operations from the Solid Waste & Recycling department. One (1) FTE Crew Member position was deleted as part of the reorganization. PUBLIC SAFETY: $201,993,738 The FY 24-25 adopted budget is increasing by 6.1% or $11,652,681.  The Police Department budget is increasing by 4.9% or $4,901,168, which includes an additional $1.7 million for the Take Home Car program in accordance with the 5-year expense model.   The Fire Department budget is increasing 8.4% or $5,992,834, which includes $4.3 million towards financing installment payments for eleven (11) new fire engines over the next several years, as well as the addition of one (1) FTE P&C Business Partner position to help support personnel and Civil Service Review Board needs for the department.   The Emergency Telephone System Fund budget is decreasing 6.4% or $117,784, which includes $272,688 in expenses no longer covered by the State 911 Board’s annual disbursement to Guilford Metro 911.   The Technical Services Fund budget includes the addition of one (1) FTE position, an Electronic Process Specialist, to help meet the increased demand for bi-directional amplifier (BDA) inspections. The cost for this position is offset by the implementation of a BDA inspection fee for both internal and external customers.  SMOKE ALARM SECURITY ASSESSMENT TEXT TO 9-1-1

Did you know you can text 911 during an emergency if you cannot safely place a call? Find instructions and additional information at:

If you would like to have your smoke alarm professionally checked, or to have one installed free of charge, please call: 336-373-2576

At your request, a police officer can visit your property to perform a check and provide recommendations for improving security. Please call: 336-373-2636

greensboro-nc.gov/ departments/guilford metro911/text-to-9-1-1

BUDGET IN BRIEF 4

HIGHLIGHTS BY SERVICE AREA

GENERAL GOVERNMENT: $69,337,088 The FY 24-25 adopted budget is decreasing by 4.6% or $3,307,271.

 The People & Culture budget is decreasing by 8.9%, or $375,610. The FY24-25 budget includes the transfer of three (3) FTEs from the People & Culture Information Systems (PCIS) division to the Information Technology (IT) department as part of a departmental reorganization. The Workforce Strategies & Analytics program was renamed the Business Operations Analytics program in IT. The Diversity, Equity, and Inclusion division was rebranded as the Office of Equity and Engagement.  The Executive Department budget is increasing by 7.0%, or $1,075,601. This includes various additions and transfers involving several divisions, resulting in a net increase of two (2) FTEs. The budget includes the elimination of one (1) FTE Assistant City Manager position and one (1) FTE Intergovernmental Relations position and adds one (1) Executive Administrative Coordinator in the City Manager’s Office.  The Equipment Services Fund budget is increasing by 33.8%, or $8,252,428. Funding allocates $16.2 million for new and scheduled replacement of equipment. COMMUNITY SERVICES: $62,406,305 The FY 24-25 adopted budget is increasing by 21.7% or $11,147,633.  The Nussbaum Housing Partnership Revolving Fund budget is increasing by 23.6%, or $907,706. This includes $440,000 for the Tenant Education Advocacy Mediation (TEAM) program expansion to provide eviction delineation.   The Housing and Neighborhood Development budget is decreasing by 0.1%, or $1,807, but includes an increase of $43,911 for software implementation of Salesforce for Code Enforcement, and $41,711 for Solusguard expenses. Solusguard is a service used to ensure the safety of code enforcement officers.   The Parks and Recreation budget is increasing by 36.1%, or $8,616,144. This increase includes $531,630 for building maintenance and department operations, and $255,946 for compensation adjustments for roster staff and Heavy Equipment Operators (HEOs).   GET CONNECTED WITH FREE MOBILE APPS

PIEDMONT DISCOVERY Find your next adventure! Explore destinations near you. Find park amenities, get directions and links for additional information. Sort trail information by type of terrain and level of difficulty. Covers park facilities owned by Greensboro, Guilford County, and High Point.

TrackMyGTA.com See all our active buses in real time with present location, time remaining until bus arrival at each bus stop, and even passenger level! TrackMyGTA.com is also available for text-only or landline phones. Dial (336) 754-8216 and enter the four digit bus stop number. The automated system will announce the next real time and scheduled arrivals at your preferred stop!

GSO COLLECTS Reminders to take trash and recycling to the curb.

Use the Waste Wizard to determine how to properly dispose of various items. Report graffiti, litter, broken street lights, potholes, overgrown vegetation, abandoned vehicles, etc.

BUDGET IN BRIEF 5

HIGHLIGHTS BY SERVICE AREA

DEBT SERVICE: $47,872,588

LINK TO BUDGET THE CIP IS LINKED TO THE ANNUAL BUDGET IN 3 WAYS CIP projects are linked through annual operating funds, such as the Water Resources Fund

The FY 24-25 adopted budget is increasing by 2.0% or $927,680. Expenditure Overview : Capital Improvements Program (CIP) FY 2025-34 Total: $2,829,789,301. THE CIP A financing and construction plan for projects requiring significant capital investment.

Updated annually, adopted by City Council, and outlines 10-Year project schedules and priorities.

POLICE FACILITY SECURITY CIP projects are linked from ongoing expenses for Operating Costs

Voters authorized $228.4 million in General Obligation Bonds through the 2006, 2008, 2009 Bond Referenda. The 2016 Bond Referenda authorized an additional $126 million.

WEBSTER ROAD STREAMBANK STABILIZATION CIP projects are linked through ongoing Debt Service Expenses

The goal of the Downtown Greenway Phase 4 is to complete a four-mile loop around the heart of downtown Greensboro and connect not only other trails and greenways (including the Ole Asheboro connector), but also businesses, universities, and neighborhoods. Phase 4 will complete the 1-mile western section of the Greenway that will primarily follow existing (not active) railroad tracks between Spring Garden and Smith Streets. The greenway is supported by the City and State through grants and bonds, but also through community organizations and individuals.

HOLDEN ROAD SIDEWALK IMPROVEMENTS

Speaking of links, try this one to track 2016 bond projects

greensboro-nc.gov/bondtracker

BUDGET IN BRIEF 6

THE BUDGET CYCLE

The City of Greensboro budget process occurs on an annual basis and is cyclical in nature. FALL City staff revise internal revenue and expenditure forecasts, identify local economic changes and trends, and the City Council begins holding planning sessions. WINTER Each department consults with the Budget and Evaluation staff on anticipated changes, service enhancement requests, and CIP proposals. SPRING In con junction with City Council and the City Manager’s Office, Budget staff takes all of the information gathered in previous months and evaluates the proposals and requests for feasibility and practicality. Additionally, they determine if the budget will need further adjustments based on anticipated changes to revenues and expenditures. Shortly thereafter, the City Manager officially presents and recommends the recommended budget to the City Council. SUMMER Public hearings are held and the requested revisions are made to the document. Finally, Council legally adopts the budget in June.

BUDGET IN BRIEF 7