FY 2017-18 FINAL ADOPTED BUDGET

GENERAL FUND

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 $73.2 million. The budget increases by $1.4 million, or 2.0%. The General Fund transfer to the Coliseum Fund is increasing from $2.70 million to $2.90 million. The Community Services Service Area, which includes the Library, Neighborhood Development and Parks and Recreation Departments, increases from $29.3 million to $29.8 million. The Adopted Budget includes funding for the FY 17 - 18 opening of the Barber Park Community Building and Memorial to Women and additional maintenance funding for Bryan Park Soccer expansion. The General Government Service Area budget increases from $24.5 million to $24.6 million. The Adopted Budget includes capital reserve funds for technology improvements to the Public Safety Training Center ($300,000), upgrades to various City facility card entry systems ($575,500) and building improvements at the Cultural Arts Center ($400,000). The current year budget included use of capital reserve funding of $1.1 million to replace the MMOB roof. Budgeted funds for economic incentive projects previously approved by City Council, such as Honda Aircraft, Procter & Gamble, increases from $940,000 to $1.08 million. The FY 18 - 19 Projected Budget is $6.7 million, or 2.3%, higher than the Adopted FY 17 - 18 Budget. The contribution to the Debt Service Fund is projected to increase from $25.9 million in FY 17 - 18 to $26.4 million in FY 18 - 19.

Expenditures by Service Area The chart below shows a Service Area comparison of General Fund expenditures for FY 15 - 16 Actual Expenditures, the FY 16 - 17 Amended Budget, the FY 17 - 18 Adopted Budget and the FY 18 - 19 Projected Budget. The FY 17 - 18 Adopted Budget of $286,203,862 is $10.4 million, or 3.8%, higher than the Amended FY 16 - 17 Budget. The most notable budget increase for FY 17 - 18 is an increase in the General Fund contribution to the Debt Service Fund, from $21.2 million to $25.9 million. This increase is necessary to support principal and interest payments related to further borrowing of funds approved by the voters in 2008, 2009 and 2016. Council has previously approved a project list and schedule to complete the remaining Transportation projects from the 2008 referendum and begin borrowing for the various projects approved in 2016. Absent this debt service increase, the General Fund FY 17 - 18 Adopted Budget would be $5.7 million, or 2.1%, higher than the current year revised budget. 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 $132.7 million, which is about 46% of the total General Fund. The Adopted Budget shows an increase of about $3.7 million, or about 2.8%. The budget includes 7.5% increases to starting pay for Police Officer and Firefighter positions and significant market rate adjustments for sworn employees.

General Fund Expenditures by Service Area

2015-16

2016-17 Budget

2018-19 Projected

2017-18 Adopted

Service Area

Actual

Community Services

27,477,116

29,300,753

30,053,082

29,850,267

General Government

27,169,231

24,470,104

24,361,565

24,563,026

Infrastructure

66,580,441

71,739,558

75,196,755

73,188,934

Public Safety

121,059,376

129,015,044

136,895,739

132,681,635

Debt Service

18,272,570

21,238,110

26,361,000

25,920,000

Total

260,558,733

275,763,569

292,868,141

286,203,862

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