FY 2017-18 FINAL ADOPTED BUDGET

TOTAL BUDGET— EXPENDITURES

The FY 17-18 Net Adopted Budget (all funds) of $534,641,635 is about $10.7 million, or 2.0% higher than the revised FY 16-17 budget. The Infrastructure Service Area is the largest service area at over $273.8 million, The Adopted Budget is $6.3 million, or 2.4% greater than the revised current year budget. The Water Resources Fund budget increases from $122.6 million to $127.0 million. Much of the increase is driven by debt service costs that are expected to increase from $24.3 million to $26.5 million. The budget also includes $343,000 in new funding for service enhancements that include an additional Applications Developer, Plant Mechanic, Electronics Technician, and Valve Operation crew. The Public Safety Service Area increases from $136.9 million to $142.1 million. The Technical Services Fund (radio services) budget increases from $4.27 million to $5.92 million as efforts continue to update the radio technology to P25 equipment standards (industry standards).

The Community Services Service Area decreases from $47.6 million to $44.7 million. The current year budget included an $11.6 million transfer from the Hotel/Motel Occupancy Fund to the Coliseum Improvements Fund to finance several projects including construction of the new Fieldhouse. A second but smaller transfer of $8.0 million is included in the FY 17-18 Budget, accounting for the overall decrease in the service area. The Budget does include about $186,000 for service enhancements related to the Barber Park Community Building and Memorial to Women and for additional field maintenance at the Bryan Park Soccer Complex. The Adopted Budget also includes $1.27 million in general capital reserve projects: including City facility card entry system upgrades ($575,500), Public Safety Training Center upgrades ($300,000) and Cultural Arts Center upgrades ($400,000). The Projected FY 18-19 Budget is 1.0% higher than the FY 17-18 Adopted Budget.

Total Net Expenditures by Expenditure Category

2015-16

2016-17 Budget

2017-18 Adopted

2018-19 Projected

Category

Actual

Personnel Costs

210,291,182 190,956,353 43,267,035 17,314,971

224,378,879 228,516,793 55,269,966 15,802,390

232,498,014 224,066,676 62,504,745 15,572,200

239,081,490 216,624,268 69,688,797 14,438,200

Maintenance & Operations

Debt Service Capital Outlay

Total Expenditures

461,829,541

523,968,028

534,641,635

539,832,755

Budgeted personnel costs are 3.6% higher than the current year budget, including a net increase of about four (4) full-time equivalent (FTE) positions within the total operating budget. The budget includes a net increase of 6.5 FTE positions in the Water Resources Fund to support various service enhancements that are detailed on the Water Resources Fund budget page. Maintenance and Operations (M/O) costs, which include transfers from operating funds to capital projects or capital reserve funds, are reduced from $228.5 million in FY 16-17 to $224.1 million in FY 17-18. The single largest decrease in a particular fund occurs in the Hotel/Motel Occupancy Fund. The fund continues to provide financing for a variety of War Memorial Coliseum Complex improvements, such as the Greensboro Swarm Fieldhouse. The necessary transfer, however, drops from $11.6 million in the current year to $8.0 million in FY 17- 18. The City will continue to emphasize maintenance of current assets by increasing the budget for building maintenance and repair from $3.0 million to $4.2 million.

Water Resources Fund will increase its contribution to the Water Resources Capital Reserve Fund from $29.3 million to $29.8 million. These contributions fund a variety of water system infrastructure maintenance and repair and help contain the overall amount of debt financing necessary for the system. Fuel prices have stabilized during FY 16-17; total budgets for gasoline and diesel fuel will be $5.7 million, about the same as current year. Overall budgeted debt service expenses are increasing from $55.3 million to $62.5 million. The budget increases the property tax allocation for general obligation debt service costs from 8 cents to 9.50 cents. This will provide the necessary ongoing support for debt service related to successful referenda in 2008, 2009 and 2016. Water Resources debt service costs will increase from $24.3 million to $26.5 million. Capital outlay expenditures are budgeted at $15.6 million, about $230,000 below current year. The Equipment Services Fund is projecting rolling stock replacement needs of $10.0 million in FY 17-18 as compared to $10.3 million in the current year.

Adopted FY 2017–18 Budget

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