FINAL ADOPTED BUDGET FY2022-23

Actual 2020-21

Budget 2021-22

Adopted 2022-23

Projected

2023-24

1,473,066 1,912,176

General Fund Contribution

670,839

986,322

1,541,431 1,985,541

Total

1,099,567

1,427,932

Departmental Objectives  Provide quality and timely financial reports, services and products to all customers and partners.  Process mission critical services timely.  Promote and participate in diversity and inclusion programs and initiatives.  Provide oversight and support for the implementation of the Minority and Women's Business Enterprise Program.  Provide advisory and consulting services to businesses through departmental programs in support of economic development.

Performance Measures

Adopted 2022-23

Actual

Budget 2021-22

Projected 2023-24

2020-21

Effectiveness Measures  Percent increase for MWBE utilization within each contracting program  Percent of contracts audited for M/WBE compliance  Percent of firms screened for M/WBE Program eligibility* *Based on City of Greensboro eligibility standards for City M/WBE Directory (27 counties)

10% 75% 90%

10% 75% 90%

10% 75% 90%

10% 75% 90%

Budget Highlights: The FY 22-23 Adopted Budget is increasing by $484,244, or 33.9%.

 The creation of the General Services Department will be implemented after the update to the City's disparity study and includes the transfer of nine (9) existing FTEs from the Procurement division of Finance and six and ½ (6.5) existing FTEs from the M/WBE division from the Executive department.  The FY 22-23 budget also includes the addition of one (1) FTE for a General Services Director, one (1) FTE for a M/WBE Admin Specialist, .75 FTE for one (1) part-time M/WBE Office Assistant, and one (1) FTE for a Contract Analyst.  The General Services Department will also begin to manage the Equipment Services Fund, including 50.5 existing FTEs and two (2) additional FTEs, in FY 22-23.

Adopted 2022-23 Budget

75