16 / 156
9
The FY 16-17 Net Adopted Budget (all funds) is
about $22.0 million, or 4.4% higher than the revised
FY 15-16 budget. The Hotel Motel Occupancy Tax
Fund includes a $7.2 million transfer increase
related to the construction of the Greensboro Swarm
Fieldhouse and other improvements at the
Coliseum. Absent this transfer, the Adopted Budget
would be $14.8 million, or 3.0% higher than the
revised FY 15-16 budget.
The Infrastructure Result Area, the largest service
area at $267.4 million, shows an increase of $6.0
million over the current year. The Water Resources
Fund budget increases from $122.0 million to
$122.6 million. A reduction in budgeted debt service
costs from $27.6 million to $24.3 million allows for
an increase in the contribution to the capital reserve
from $26.6 million to $29.3 million. A proposed
increase in the Motor Vehicle License Fee will
provide an additional almost $3.9 million for
resurfacing and is included in this result area.
The Public Safety Result Area increases from
$132.6 million to $136.2 million. Six (6) additional
firefighter positions are added in the Adopted
Budget. These positions, coupled with twelve (12)
firefighter positions that were authorized by City
Council over the past two years, complete the effort
to outfit all ladder company shifts with four (4)
positions. Approximately $600,000 is included for
replacement of Police Body Worn Camera
technology.
The Community Services Result Area increases
from $40.5 million to $47.5 million. As referenced
earlier, the Hotel Motel Occupancy Fund includes
financing of the new Fieldhouse and other projects
at the Coliseum. These expenses account for the
significant increase in this result area. The Debt
Service Result Area increases from $20.0 million to
$24.0 million. Specifically, the Debt Service Fund
increases from $19.4 million to $23.4 million due to
increased borrowing costs related to successful
referenda in 2006, 2008 and 2009.
The Projected FY 17-18 Budget is 1.2% lower than
the FY 16-17 Adopted Budget.
Budgeted personnel costs are 4.0% higher than the
current year budget, including a net increase of
about sixteen (16) full-time equivalent (FTE)
positions within the total operating budget. Six (6)
additional firefighter positions are added in the
Budget. These positions coupled with twelve (12)
firefighter positions that were authorized by City
Council over the past two years completes the effort
to outfit all ladder company shifts with four (4)
positions.
Maintenance and Operations (M/O) costs, which
include transfers from operating funds to capital
projects or capital reserve funds, show about a
$13.4 million or 6.3%, increase compared to the FY
15-16 Budget. The single largest increase in a
particular fund occurs in the Hotel Motel Occupancy
Fund where a $7.2 million increase (from $4.4
million in the current year to $11.6 million) in the
transfer to Coliseum improvements supports the
construction of the Greensboro Swarm Fieldhouse
and other Coliseum improvements. Absent this
increase, M/O expenses would be increasing $6.2
million or 2.9%. Water Resources Fund will
increase its contribution to the Water Resources
Capital Reserve Fund from $26.6 million to $29.3
million. These contributions fund a variety of water
system infrastructure maintenance and repair and
help contain the overall amount of debt financing
necessary for the system. Overall M/O budgets
continue to benefit from lower fuel prices. Total
budgets for gasoline and diesel fuel will be reduced
from $7.4 million in the current year to $5.8 million in
FY 16-17.
Overall budgeted debt service expenses are
increasing from $54.3 million to $55.3 million.
Payments from the Debt Service Fund to retire
general obligation debt increase from $19.4 million
in the current year to $23.4 million for FY 16-17.
Budgeted debt service expenses decrease in the
Water Resources Fund, from $27.6 million to $24.3
million.
Capital outlay expenditures are budgeted at $15.0
million, about $1.1 million below current year. The
Equipment Services Fund is projecting rolling stock
replacement needs of $10.0 million in FY 16-17 as
compared to $10.6 million in the current year.
TOTAL BUDGET— EXPENDITURES
2014-15
2015-16
2016-17
2017-18
Category
Actual
Budget
Adopted
Projected
Personnel Costs
206,189,929
215,818,116
224,536,879
231,174,864
Maintenance & Operations
185,570,082
211,474,230
224,893,788
210,457,566
Debt Service
42,762,367
54,286,373
55,269,966
56,750,072
Capital Outlay
14,363,610
16,077,289
14,970,484
15,101,929
Total Expenditures
448,885,988
497,656,008
519,671,117
513,484,431
Total Net Expenditures by Expenditure Category