FINAL ADOPTED BUDGET 2020-2021

Projected Transportation capital expenditures over the next ten years total under $385 million, which accounts for 32.5% of the Infrastructure Service Area and 25.5% of the total CIP. Projects planned for FY 20 21 include construction of the Eugene Street and February One parking decks, Phase 4 of the Downtown Greenway, bus replacements, and various streetscape projects. Water Resources projects total just over $654 million and make up over 55.2% of the Infrastructure Service Area and 43.5% of the total CIP. Water and Sewer projects in FY 20 21 includes continued work at the TZ Osborne Water Reclamation Facility, which is being upgraded to handle 56 million gallons per day. Major electrical improvements at the Mitchell Pumping Station, including the gear and associated transformers, will upgrade the nearly 30 year old electrical equipment. The CIP also includes ongoing water and sewer line rehabilitation, expansion and renovations, and various projects at the water and wastewater treatment plants and smaller facilities. Field Operations Department projects total over $120 million, which accounts for approximately 10.1% of the Infrastructure Service Area and 7.9% of the total CIP. Planned Field Operations projects include ongoing street resurfacing, replacement of landfill equipment, and continued work for Phase III of the Landfill Closure. Projects that fall within the Community Services Service Area account for the second largest project total of the four Service Areas, including over $268 million of Parks and Recreation and over $18 million of Neighborhood Development projects. Combined, Parks and Recreation and Neighborhood Development account for 19% of all CIP projects over the next 10 years. Community Services projects planned for FY 20 21 include a number of projects previously approved by City Council, such as Keeley Park project, as well as Downtown Greenway Phase 4, and other projects funded by bonds approved in the 2016 referendum. Neighborhood Development includes a variety of projects funded with bonds approved in 2016 as well, including revolving loan funds, many targeting at risk or disadvantaged groups and areas within Greensboro. The Public Safety Service Area includes just under $34 million in Fire Department projects accounting for 2.3% of the total CIP. The majority of the projects are related to construction of new and replacement or renovation of aging Fire Stations. Funding Overview The Capital Improvements Program relies on a variety of funding sources to accomplish its many efforts. These include debt financing enterprise funding general fund revenues state shared revenues and grants from the state government, federal government, or private sources. Funding Sources Funding Sources

6.5%

20.9%

Enterprise Funds Grants Authorized Bonds 2016 Authorized Bonds Unauthorized Bonds Revenue Bonds Other

22.1%

11.9%

1.2%

7.0%

30.4%

Adopted 2020-21 Budget

143