Final Adopted Budget FY23-24

INFRASTRUCTURE SERVICE AREA SUMMARY  The FY 23-24 Stormwater budget is $90,000 higher due to increases in lease rates and anticipated diesel costs.  The FY 23-24 Stormwater budget includes the addition of three (3) FTE positions, including one (1) Civil Engineer, and two (2) Soil and Erosion Inspectors. The addition is part of a multi-department service enhancement to support increased service demands in Development Services.  The FY 23-24 Transportation budget includes the addition of two (2) FTEs, for additional Civil Engineer positions. The addition is part of a multi-department service enhancement to support increased service demands in Development Services.  During FY 22-23, the Greensboro Coliseum hosted numerous events, including the ACC Basketball Tournament, the NCAA Men's Basketball Tournament, Bruce Springsteen, The Eagles, Journey, The Legendz of the Streetz, Pentatonix, and Kenny Chesney.  The FY 23-24 War Memorial Coliseum budget includes a transfer of $3.4 million from the General Fund contribution to support operations at the Greensboro Coliseum Complex.  The FY 23-24 budget includes the conversion of a Parking Attendant from .75 FTE to one (1) FTE, and the conversion of three (3) Security Guards from .75 FTE to one (1) FTE each, to provide additional support at the Coliseum Complex. The total net increase of the position conversions is one (1) FTE.  During FY 23-24, the Greensboro Coliseum will host various family events, including Disney on Ice, The Monster Truck Jam, Cirque Du Soleil, and Ringling Bros. and Barnum & Baily Circus (No Animals).  During FY 23-24, the Greensboro Coliseum will also host the UNCG men’s basketball home season, Cobras football, and Greensboro Swarm basketball.  The FY 23-24 Water Resources budget includes a water rate increase of 10.25% and a wastewater increase of 7.25%, or an 8.5% increase on average for inside and outside customers. Increases in water and wastewater rates will help to cover increasing costs related to supply chain issues, inflation, employee compensation, chemical prices, capital project bids, and system expansion for years to come. Similar increases are anticipated for the next several years.  The FY 23-24 Water Resources budget includes an additional $831,484 related to a new Sewer Construction Crew which consists of six (6) new FTE's, a truck and a backhoe.  The FY 23-24 Water Resources budget includes an additional $86,455 related to one (1) new FTE Laboratory Coordinator position intended to assist in additional state mandated water testing.

Adopted 2023-24 Budget

96