FY 2024-2025 Final Adopted Budget

Adopted Budget 2024-25 Projected Budget 2025-26

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Honorable Mayor and Members of City Council:

I am pleased to provide you with a copy of the 2024-25 Annual Budget and 2025-26 Projected Budget. This document was prepared by the City’s Budget and Evaluation Department and represents a comprehensive publication of the City’s budget plans and policies for the upcoming fiscal year. The document includes a second year planning budget that gives us the opportunity to continue planning for and implementing the Strategic Framework. I presented the recommended FY 2024-25 budget to Council on May 21, 2024 and both hard copy and electronic versions were available for public review. The Council held three budget work session and a public hearing on the proposed budget before adoption. A series of council district based community meetings were also held to encourage the community to participate in the budget development process. City Council adopted the 2024-25 annual net budget, totaling $802,011,267, on June 18, 2024. The adopted FY 2025 budget is 6.7% higher than the revised FY 2023-24 budget. The adopted budget addresses multiple Council priorities. The budget increases the minimum wage for all benefited positions $18.75 or $39,000 annually and includes a 4% compensation adjustments for benefitted and roster employees. The budget aligns with priority areas such as housing with support for the Tenant Education Advocacy Mediation program and infrastructure with expanded Hopper trolley service and implementation of the Neighborhood Traffic Safety Program. The 2024-25 and 2025-26 budget columns in this document, as well as the narrative, reflect the budget as adopted by Council with changes made during Council deliberations. The Manager’s Message, however, is included as it was presented with the Recommended Budget. The overall property tax rate of 67.25 cents is unchanged from the previous year.

On behalf of the employees of the City, I thank you for your continued leadership and support of our efforts to meet your priorities in the delivery of high quality services to the Greensboro community.

Respectfully,

Chris Wilson Interim City Manager

TABLE OF CONTENTS Introduction .................................................................................................................................................... 1 Budget Process .................................................................................................................................................... 4 City Manager's Budget Message......................................................................................................................... 7 Budget and Financial Policies ...........................................................................................................................15 Budget Summary........................................................................................................................................... 18 Total Budget - Expenditures .............................................................................................................................20 Total Budget - Revenues ...................................................................................................................................26 Property Tax Rate.............................................................................................................................................. 29 Total Budget - Position Changes......................................................................................................................30 Fund Summary .............................................................................................................................................. 34 Budget Fund Structure ...................................................................................................................................... 35 Total Budget ...................................................................................................................................................... 36 General Fund ..................................................................................................................................................... 40 General Fund Expenditure Highlights...............................................................................................................43 General Fund Revenue Highlights ....................................................................................................................45 Community Services...................................................................................................................................... 47 Community Services Summary .........................................................................................................................48 Cemeteries Operating Fund...............................................................................................................................50 Hotel/Motel Occupancy Tax Fund ....................................................................................................................53 Human Rights..................................................................................................................................................... 55 Libraries .............................................................................................................................................................. 58 Housing and Neighborhood Development........................................................................................................61 Nussbaum Housing Partnership Revolving Fund.............................................................................................64 Parks and Recreation......................................................................................................................................... 67 Non-Departmental Community Services...........................................................................................................72 General Government...................................................................................................................................... 73 General Government Summary .........................................................................................................................74 Budget & Evaluation........................................................................................................................................... 76 Communications and Marketing.......................................................................................................................78 Equipment Services Fund ..................................................................................................................................82 Executive ............................................................................................................................................................ 85 Financial & Administrative Services ..................................................................................................................91 Graphic Services Fund ....................................................................................................................................... 94 Information Technology ....................................................................................................................................97 Office of the City Attorney ...............................................................................................................................100 Legislative ........................................................................................................................................................102 Network Services Fund....................................................................................................................................104 People & Culture...............................................................................................................................................107 Risk Retention Funds .......................................................................................................................................110 Non-Departmental General Government.........................................................................................................112

Infrastructure ............................................................................................................................................ 113 Infrastructure Summary...................................................................................................................................114 Engineering & Inspections ...............................................................................................................................117 Solid Waste & Recycling ..................................................................................................................................124 Transit System (GTA) Service .........................................................................................................................126 Parking Facilities Operating Fund ...................................................................................................................138 Planning............................................................................................................................................................132 Solid Waste Disposal .......................................................................................................................................135 Special Tax Districts Fund ...............................................................................................................................138 State Highway Allocation Fund .......................................................................................................................140 Stormwater Management Fund.......................................................................................................................141 Transportation.................................................................................................................................................. 145 War Memorial Coliseum ..................................................................................................................................149 Water Resources Enterprise Fund...................................................................................................................151 Non-Departmental Infrastructure ....................................................................................................................155 Public Safety ............................................................................................................................................. 156 Public Safety Summary....................................................................................................................................157 Emergency Telephone System Fund...............................................................................................................159 Fire Department ...............................................................................................................................................161 Guilford Metro Communications Fund............................................................................................................165 Police Department ...........................................................................................................................................169 Technical Services Fund..................................................................................................................................174 Non-Departmental Public Safety .....................................................................................................................177 Capital Improvements Program & Debt Service ........................................................................................... 178 Capital Improvements Program ......................................................................................................................179 Debt Service Area Summary............................................................................................................................186 Capital Leasing Fund .......................................................................................................................................187 Debt Service Fund ............................................................................................................................................188 Debt Service Contribution ................................................................................................................................190 Summary of Outstanding Debt Issues ............................................................................................................191 Supplemental Information.......................................................................................................................... 196 City Profile ........................................................................................................................................................198 Glossary............................................................................................................................................................200 Budget Ordinance ............................................................................................................................................205 City Directory .................................................................................................................................................... 210

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INTRODUCTION

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MAY / JUNE FEBRUARY Proposed Departmental Operating Budget Review CIP

JULY Council Budget Workshops Public Hearing Manager Presents Budget to Council

Budget Kick-Off Council Planning Retreat Strategic Priority Discussion Revise Revenue/Expenditure Forecasts

JUNE MARCH / APRIL Review Operating Budgets Review Objectives/Service Level Changes MAY

JANUARY

Council Adopts Budget

Fiscal Year begins July 1

Update Two-Year Budget

BUDGET PROCESS

CITY MANAGER'S BUDGET MESSAGE

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Stated Priorities: Reinvesting in Community through Council Priorities

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Strategic Steps to Advance Priorities: Continue our Commitment to Employee Compensation

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