FY 2017-18 FINAL ADOPTED BUDGET

GENERAL GOVERNMENT SERVICE AREA SUMMARY

BUDGET HIGHLIGHTS  The FY17-18 General Government Service Area budget is decreasing by $2.3 million, or 4.8%.  The General Government Service Area has a net reduction of 11.48 FTE positions or a 4.5% decrease.  The Financial and Administrative Services Department eliminated three positions, two of which were related to the elimination of the business privilege license program.  One FTE was eliminated from Economic Development and Business Support and one FTE was transferred to the Economic Development Fund.  Seven FTEs were transferred from Information Technology to GM911  Executive transferred 0.481 FTE to Workforce Development.  One FTE was added to the Communications and Marketing Department to support public information requests.  The Economic Development and Business Support office budget includes performance-based incentive payments to Procter & Gamble, Honda Aircraft Company, Charles Aires and Coilplus for existing industry expansion projects that supported the creation of 598 new jobs and new capital investment of $326,188,372.  The Economic Development Fund includes support for the NC A&T Track Event, Guilford County Economic Development Alliance (regional economic development), and non-governmental grants through the Community Partners Board.  The MWBE Disparity Study was launched in 2017 to analyze participation on City contracts by MWBEs.  Greensboro was chosen by Bloomberg Philanthropies to participate in the “What Works City” program supporting the City’s development and implementation of the Open Data Policy and Open Data Portal making data readily available and easier to use.  The Information Technology Department partnered with North State Communications for the TRI-GIG initiative to leverage dark fiber in the City to expand the availability of high speed internet access.  The General Fund transfer to the Debt Service Fund increases from $21.2 million to $25.9 million in support of increased bond activity.  Community Partners Board agency funding from the general fund includes $25,000 to Faith Action; $13,000 to Architectural Salvage; and $35,000 to Sanctuary House.  FY 17-18 Community Partners Board funding from the ED fund includes $75,000 for Triad Stage; $25,000 for Triad Local First; $25,000 for 17 Days Festival; $35,000 for the Piedmont Film Commission; $200,000 for Greensboro Community Development Fund, $100,000 for Launch Lab; $50,000 for East Greensboro Now; and $50,000 for DGI.  The General Risk Retention Fund is decreasing by $3,213,301, or by 38.7%. A significant law enforcement liability claim settlement was approved by City Council in FY 16-17.  The Employee Risk Retention Fund is increasing by $5,032,812, or 10.1%, due to projected increases in health care and workers compensation claims costs.

Adopted FY 2017-18 Budget

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