FY 23-24 Budget in Brief

BUDGET IN BRIEF 1

2023 - 2024 ADOPTED BUDGET : $751,341,324

The City of Greensboro adopts its budget by ordinance, in accordance with North Carolina General Statutes, requiring estimated revenues and appropriated fund balances to be equal to appropriations. The citywide Fiscal Year 2024 (FY 23-24) adopted budget runs from July 1, 2023 through June 30, 2024 . Organizational Strategic Priorities, developed by City Council and City staff, are used as guidelines in the development of funding recommendations. The net adopted budget of $751,341,324 is $62.4 million, or 9%, higher than the revised FY 22-23 budget.

Jon Decker, Budget Director

STAFF David Cashwell Leo Jaffe Tiffany Jones Karen Lloyd Jaear McClendon Tracy Nash Leah Price

EXPENDITURES : By Service Area

The City of Greensboro budget is designed to highlight and emphasize service areas and programs. Each service area is responsible for delivering quality services to residents throughout Greensboro. The four main service areas listed from largest to smallest are Infrastructure, Public Safety, General Government, and Community Services (Page 3-4). The remaining service area is Debt Service , which is closely tied to the Capital Improvements Program (CIP) budget (Page 5).

BUDGET SIMULATOR

Would you like to share your thoughts about how the City spends your tax dollars? The Balancing Act budget simulation tool allows you to adjust simulated budgets for City departments, to align resources with services that you value most.

WHERE DOES THE MONEY GO?

Infrastructure 52¢

General Government 10¢

Public Safety 25¢

Budget staff are available to meet with residents at community and neighborhood meetings to share this simulation tool and explain how it works. To request a presentation, please call 336-373-2291 greensboro-nc.gov/simulator

Community Services 7¢

Debt Service 6¢