FY 2017-18 FINAL 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 15 - 16 Actual Expenditures, the FY 16 - 17 Amended Budget, the FY 17 - 18 Adopted and FY 18 - 19 Projected Budgets.

General Fund Expenditures by Expenditure Category

2015-16

2016-17 Budget

2018-19 Projected

2017-18 Adopted

Actual

Personnel Costs

159,632,728

169,062,795

179,319,448

174,230,303

Maintenance & Operations

82,163,713

85,328,859

87,138,493

86,028,359

Debt Service

18,272,570

21,238,110

26,361,000

25,920,000

Capital Outlay

489,723

133,805

49,200

25,200

Total

260,558,733

275,763,569

292,868,141

286,203,862

The General Fund Adopted Budget personnel costs of $174.2 million are $5.2 million, or 3.1%, higher than the current revised budget. The fund shows a net decrease of about fourteen (14) FTE positions, although most of the reduction is due to interfund transfers. Seven positions were transferred from the Information Technology Department to the Guilford Metro 911 Fund. Finance deleted two positions related to the elimination of the privilege license process. A vacant Assistant City Manager position is also deleted. The budget includes funds for an average merit pay adjustment of 7.5% for Police and Fire sworn employees and 3.0% for all other employees. The budget also funds the Public Safety step program for appropriate Police and Fire Department ranks providing for cumulative step increases of at least 7.5% Maintenance and Operations (M/O) expenditures, including transfers to other funds, are budgeted at $86.0 million, about $700,000, or about 0.8%, higher than the current year budget. Included in the Adopted Budget are approximately $150,000 in maintenance and operations costs related to service enhancements such as the Barber Park

Community Building and Memorial to Women and increased maintenance needs for Bryan Park soccer fields. The Adopted Budget also includes proposed capital reserve uses of $1.27 million for improvements to City facility safety technology, Public Safety Training Center technology and building upgrades at the Cultural Arts Center. The General Fund contribution to the Coliseum Fund will increase from $2.70 million to $2.90 million. General Fund contributions to the Debt Service Fund will increase from $21.2 million in FY 16 - 17 to $25.9 million in FY 17 - 18. This increase is necessary to support additional borrowing stemming from voter - approved referenda in 2008, 2009 and 2016. The portion of the property tax dedicated to debt service will increase from approximately 8.0 cents to approximately 9.50 cents. The FY 18 - 19 Projected Budget is $6.7 million, or 2.4%, higher than the Adopted FY 17 - 18 Budget. Contributions for debt service expenses are projected to increase from $25.9 million in FY 17 - 18 to $26.4 million in FY 18 - 19.

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