Final Adopted Budget FY23-24

GENERAL FUND The accompanying chart shows a service area comparison of General Fund expenditures for FY 21-22 actual expenditures, the FY 22-23 amended budget, the FY 23-24 adopted budget, and the FY 24-25 projected budget. The FY 23-24 adopted budget of $403,879,804 is $31.3 million, or 8.4%, higher than the amended FY 22-23 budget. The budget also includes approximately $1.25 million in additional debt service, $20.7 million in compensation adjustments, $10.1 million in maintenance and operations increases, with $3.6 million in supply and contract cost increases, $2.8 million in additional position costs, and $1.9 million in additional economic incentives costs.

General Fund Expenditures by Service Area Actual

Adopted 2023-24

Budget

Projected

Projected

2022-23

2024-25

$ 34,558,916 $ 37,803,552 $ 40,631,789 $ 41,390,472

Community Services General Government

45,134,117 94,943,787 181,820,111 41,350,000

38,896,484 89,103,366 166,641,712 40,104,000

47,908,592 96,883,510 187,791,097

33,219,535 78,904,728 155,998,991 26,391,689

Infrastructure Public Safety Debt Service

42,225,000 Total Expenditures $ 329,073,859 $ 372,549,114 $ 403,879,804 $ 416,198,671

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 $181.8 million, which is about 45% of the total General Fund. The budget is about $15.2 million, or 9.1%, higher than the current year budget. The budget includes Police salary increases of 16.2% and Fire salary increases of 4%. Public Safety compensation changes total almost $8 million. Thirty vacant patrol positions are eliminated to support these increases. The budget also includes the addition of five fire inspectors, and four positions to support the development services enhancements. The continuation of the police take-home vehicle program, with the purchase of an additional 20 vehicles for approximately $1.7 million, is also included . 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 $94.9 million, or 24% of the General Fund. The infrastructure budget increases by $5.8 million, or 6.6%. The Field Operations Department budget includes contracted service cost increases for solid waste services totaling almost $2.3 million. The General Fund transfer to the Coliseum Fund is $3.4 million, the same as the current year. The Community Services service area, which includes the Library, Neighborhood Development, Parks and Recreation, and Human Rights Departments, increases by $2.8 million to $40.6 million, or 7.5%. This service area represents about 10% of the General Fund budget. Increases includes two additional positions to support Housing & Neighborhood Development, with 0.5 FTEs supported by the Nussbaum Fund. The General Government service area budget is $45.1 million, about $6.2 million higher than the current year budget of $38.9 million. Included are transfers to the General Capital Improvements Fund to support disparity study and housing projects, and $1.5 million to support organizational technology needs in the Capital Leasing Fund. Funding to address competitive compensation changes including addressing compression and market adjustments where needed is included totaling $1.8 million. The service area budget adds several positions related to recommended organizational changes in the Executive Department detailed in the positions change section of the document The budgeted contribution to the Debt Service Fund will increase from $40.1 million to $41.4 million. The increase is necessary to fund increased debt service expenses based on the planned issuance of the 2022 Bonds totaling $135 million and to further support fund balance goals. The FY 24-25 projected budget of $416.2 million is $12.3 million, or 3.1%, higher than the adopted FY 23-24 budget

Adopted 2023-24 Budget

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