2018-2019 Adopted Budget

Fund Summary-General Fund

Revenues from the Piped Natural Gas sales tax are projected at $1.22 million for FY 18-19, roughly $12,000, or 1.0%, above the current year revised estimate.

The FY 18-19 budget includes an increase in the monthly household hazardous fee from $0.40 to $0.60, or 20 cents per month. This fee increase will allow the current household hazardous waste collection program, which operates Wednesday through Saturday, to also open on Mondays and Tuesdays. The additional fee plus anticipated increased proportional support from Guilford County increases budget program revenues by about $278,000. revenue projections in Parks and Recreation are reduced slightly from $1.33 million to $1.26 million to more closely match current revenue activity. Admissions, charges and related The General Fund typically receives transfers from Special Revenue Funds which have been established to account for specific revenue sources received by the City. The transfer from the State Highway (Powell Bill) Fund is budgeted at $5.65 million to offset a variety of eligible transportation expenses budgeted in the General Fund. The General Fund will also receive a contribution from Transportation Bond Funds in the amount of $720,000 to offset some of the eligible professional services expenditures absorbed in the General Fund. Transfers from Other Funds

ABC Profit Distribution

The Greensboro ABC Board distributes its net profits (after deducting amounts required for law enforcement, alcohol education and working capital) as follows: 91.8% is distributed to Greensboro, 1.7% is distributed to Summerfield with the remaining 6.5% distributed among Guilford County and municipalities without ABC outlets. ABC Profit Distribution Revenues of $4.23 million are estimated for FY 18-19, which are about 3% higher than the current year estimate of $4.10 million. Building development fee revenue continues to gradually improve. Current year revised estimates are approximately $3.1 million, or about 3% over last year’s actual revenue. For FY 18-19, building permit fee revenue is projected at $3.24 million, about 4.5% above the revised current year estimate. Other revenues in the General Fund include departmental charges, user fees, fines, licenses and other miscellaneous revenues. These revenues are estimated at $27.0 million, just slightly above the $26.8 million budgeted in the current year. Commercial refuse collection fees are budgeted at $4.72 million, about the same as revised current year estimates. Building Development Fees Other Revenues

Fund Balance

The fund balance appropriation for the FY 18-19 General Fund budget is $6.24 million, or 2.1%, of the total budget. The total amount does not include additional fund balance appropriations that will be necessary to carry forward outstanding purchase orders at the end of FY 17-18.

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