FINAL ADOPTED BUDGET 2020-2021

General Fund Expenditure Highlights

Expenditures By Category The chart shows a comparison of General Fund expenditures by category for FY 18-19 actual expenditures, the FY 19-20 amended budget, and the FY 20-21 adopted and FY 21-22 projected budgets.

General Fund Expenditures by Expenditure Category Actual Budget

Adopted

Projected

2020-21

2018-19

2019-20

2021-22

$ 196,929,802 123,085,160 - Total Expenditures $ 287,193,969 $ 307,427,457 $ 307,398,887 $ 320,014,962 177,691,837 109,085,212 416,920 $ 188,371,450 118,945,729 110,278 $ 191,403,243 115,913,644 82,000 $

Personnel Costs Maintenance & Operations Capital Outlay

The FY 20-21 General Fund adopted budget includes personnel costs of $191.4 million, $3 million, or 1.6%, higher than the current revised budget. The fund shows a net increase of less than one FTE position. Several position changes are included for a variety of General Fund Departments. One Lead for NC Fellow was added and one Assistant City Manager was reactivated. Other position changes include a reorganization in the Police Department, resulting in a net decrease of one FTE, and one Help Desk Services Analyst was transferred from the General Fund to the Network Services Fund. The budget includes funds for the continuation of the Police and Fire step program for appropriate ranks and a cost of living increase of 2% for all other employees. The recommended budget includes approximately $1.8 million for required increases in the City's contribution to the retirement system on behalf of City employees. The budget includes approximately $550,000 to fund adjustments to the City’s minimum wage to be effective during FY 20-21. Minimum wage for roster and seasonal positions will increase from $13.50 per hour to $15.00 per hour as the last phase of the Council - directed minimum wage increases started in FY 14-15. Maintenance and Operations (M&O) expenditures, including transfers to other funds, are budgeted at $115.9 million, roughly $3 million, or 2.6%, lower than the current year budget. Changing markets for recycled products will increase costs for the City's recycling program by about $750,000. Various program reductions , totaling just over $3 million , are included due to the anticipated decrease in revenues from the impacts of COVID-19. Funds for major maintenance and repair , totaling $1.2 million, are delayed for FY 20-21 as well. The General Fund contribution to the Coliseum Fund increases by $500,000 , from $2.9 million to $3.4 million. The General Fund contribution to the Solid Waste Management Fund will continue at $1,830,537. The General Fund contribution to the Debt Service Fund decreases from $26.6 million in FY 19-20 to $24.8 million in FY 20-21. This reduction is used to help offset revenue decreases due to the economic impacts of COVID-19. The portion of the property tax dedicated to debt service is approximately 8 cents. The FY 21-22 projected General Fund budget is $12.6 million, or 4.1%, higher than the recommended FY 20-21 budget, as programming and other expenditures are projected to return to pre-COVID-19 adjustments.

Adopted 2020-21 Budget

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