FY 14-15 Adopted Budget

Fund Summary-General Fund

Highlights

Expenditures By Category:

The chart below shows a comparison of General Fund expenditures by expenditure category for FY 12- 13 Actual Expenditures, the FY 13-14 Amended Budget, the FY 14-15 Adopted and FY 15-16 Projected Budgets.

General Fund Expenditures by Expenditure Category

2012-13

2013-14 Budget

2014-15 Adopted

2015-16 Projected

Actual

Personnel Costs

149,426,243

154,590,974

159,167,871

163,629,456

Maintenance & Operations

83,082,031

81,267,606

82,019,867

83,080,941

Debt Service

17,341,880

17,515,250

18,043,080

18,268,750

Capital Outlay

337,958

105,493

210,200

25,200

Total

250,188,112

253,479,323

259,441,018

265,004,347

The Adopted General Fund Budget projects a $4.6 million, or 3.0%, increase in budgeted personnel costs. The fund shows a net increase of about nine (9) FTE positions, including fifteen (15) Fire Department positions for an additional Fire company in east Greensboro. The FY 14-15 budget includes the elimination of approximately 8.5 FTE positions associated with a variety of budget reductions. These reductions are detailed on the appropriate departmental budget pages and include reductions in Human Relations, Human Resources, Parks and Recreation and Engineering and Inspections. The budget includes funds for a merit pay adjustment that would average 2.0% for employees. The budget also funds the Public Safety step program for Police Department ranks Officer 1 through Sergeant and Fire Department ranks from Firefighter through Fire Captain. The Adopted Budget includes a 10.6% increase in contributions to the Risk Retention (Health Insurance) Fund (about $1.9 million) and a 9.7% reduction in contributions for Workers Compensation costs, a savings of about $281,100. Maintenance and operations (m/o) expenditures, including transfers to other funds, are budgeted at $82.0 million, about $750,000 above the current year budget.

General Fund Departments submitted budget reductions that included about $300,000 in maintenance and operations cost reductions. The various reductions are discussed in greater detail in each result area. Notable reductions in this cost category include improved efficiencies in technology lease management ($111,000 savings) and restructuring of the Fire Department’s service agreement with the Colfax Fire Department ($47,800 savings). The addition of the new Fire Engine Company adds about $240,000 in m/o costs to the Fire Department Budget. The General Fund contribution to the Solid Waste Management Fund decreases from $2.46 million to $1.78 million, a savings of $683,800 for the General Fund. The General Fund contribution to the Coliseum Fund will increase from $2.21 million to $2.34 million, an increase of about $125,500. The General Fund contribution to the Guilford Metro Communications Fund will increase from $4.29 million to $4.42 million, an increase of about $128,000. General Fund contributions to the Debt Service Fund will increase from $17.5 million to $18.0 million.

The FY 15-16 Projected Budget is $5.6 million, or 2.1%, higher than the Adopted FY 14-15 Budget.

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Adopted FY 2014-15 Budget