FINAL ADOPTED BUDGET 2020-2021

GENERAL FUND The accompanying chart shows a service area comparison of General Fund expenditures for FY 18-19 actual expenditures, the FY 19-20 amended budget, the FY 20-21 adopted budget , and the FY 21-22 projected budget. The FY 20-21 adopted budget of $307,398,887 is $28,570, or 0.01%, lower than the amended FY 19-20 budget. Overall reductions for the General Fund are necessary due to the anticipated negative impacts on revenues due to COVID-19.

General Fund Expenditures by Service Area Actual

Adopted

Budget

Projected

2020-21

Projected

2019-20

2021-22

$ 33,344,959 26,890,617 84,910,816 147,469,807 27,398,763 Total Expenditures $ 287,193,969 $ 307,427,457 $ 307,398,887 $ 320,014,962 31,129,381 21,844,490 75,139,669 135,674,819 23,405,610 $ 31,849,040 24,454,359 81,902,693 142,576,625 26,644,740 32,456,501 25,063,596 81,742,850 143,345,517 24,790,423 $ $

Community Services General Government

Infrastructure Public Safety Debt Service

The Public Safety service area, which includes Police, Fire , and the General Fund support for the Guilford Metro 911 Fund, is the largest service area in the General Fund. The total service area budget is $143.3 million, which is about 47% of the total General Fund. The adopted budget is about $769,000, or 0.5%, higher than the current year budget. The budget includes the fully funded Police and Fire Salary Step Plan. The Infrastructure service area, which includes Field Operations, Transportation, Engineering and Inspections, Planning, and contributions to Solid Waste Management and the Coliseum Funds, is the second largest service area at $81.7 million. The budget decreases by $159,843, or 0.2%. The Field Operations Department budget includes $750,000 for increased processing costs for the City's recycling program. The budget includes $1.2 million in reductions for delays to major maintenance projects for FY 20-21. The General Fund transfer to the Coliseum Fund is $3.4 million, a $500,000 increase over the current year due to anticipated revenue losses from COVID-19 related event cancellations. The Community Services service area, which includes the Library, Neighborhood Development, and Parks and Recreation Departments, increases from $31.8 million to $32.5 million. Parks and Recreation's budget includes an additional $550,000 to support minimum wage increases for roster and seasonal employees. The General Government service area budget is $25.1 million, about $600,000 higher than the current year budget of $24.5 million. The budgeted contribution to the Debt Service Fund will decrease from $26.6 million to $24.8 million. This reduction is necessary due to the anticipated decreased revenues, especially from sales taxes, for the General Fund, resulting from the economic impacts of COVID-19 especially on sales taxes. The FY 21-22 projected budget of $320,014,962 is $12.6 million, or 4.1%, higher than the adopted FY 20-21 budget. The projected budget anticipates expenses and revenues returning closer to pre-COVID-19 projections.

Adopted 2020-21 Budget

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