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Adopted FY 2016-17 Budget
Highlights
Expenditures By Category:
The chart below shows a comparison of General Fund expenditures by expenditure category for FY 14-15
Actual Expenditures, the FY 15-16 Amended Budget, the FY 16-17 Adopted and FY 17-18 Projected
Budgets.
The General Fund Adopted Budget projects a $6.1
million, or 3.8%, increase in budgeted personnel
costs. The fund shows a net increase of about ten
(10) FTE positions, including six (6) Fire
Department positions which will complete the
allocation of four (4) firefighter positions assigned
to each ladder truck for each shift.
The budget includes funds for a merit pay
adjustment that averages 2.75% for employees.
The budget also funds the Public Safety step
program for Police Department ranks Officer 1
through Sergeant and Fire Department ranks from
Firefighter through Fire Captain.
The Adopted Budget includes a 13.0% increase in
contributions to the Risk Retention (Health
Insurance) Fund (about $2.6 million) for employee
health insurance. City employees incurred an
average increase of 10% for employee paid health
insurance premiums effective January 1 2016.
Maintenance and Operations (M/O) expenditures,
including transfers to other funds, are budgeted at
$84.6 million, just slightly below the current year
budget of $84.8 million.
The General Fund is benefitting from lower fuel
costs that have occurred during FY 15-16, with
somewhat stable prices expected through the next
fiscal year. Based on these projections, the portion
of the overall M/O budget dedicated to fuel is
reduced by about $850,000, from $3.82 million to
$2.97 million.
The General Fund contribution to the Solid Waste
Management Fund increases from $1.81 million to
$1.90 million. The General Fund contribution to the
Coliseum Fund will increase from $2.50 million to
$2.70 million. The General Fund contribution to
the Guilford Metro Communications Fund will
increase from $4.72 million to $4.90 million.
General Fund contributions to the Debt Service
Fund will increase from $18.3 million in FY 15-16
to $21.2 million in FY 16-17. This increase is
necessary to support additional borrowing
stemming from voter-approved referenda in 2006,
2008 and 2009.
The FY 17-18 Projected Budget is $6.0 million, or
2.2%, higher than the Adopted FY 16-17 Budget.
Contributions for debt service expenses are
projected to increase from $21.2 million in FY 16-
17 to $21.5 million in FY 17-18.
Fund Summary-General Fund
2014-15
2015-16
2016-17
2017-18
Actual
Budget
Adopted
Projected
Personnel Costs
157,522,819
163,565,424
169,707,558
174,608,847
Maintenance & Operations
80,579,447
84,762,785
84,589,572
85,488,887
Debt Service
18,043,080
18,272,570
21,238,110
21,454,370
Capital Outlay
80,960
122,984
25,200
25,200
Total
256,226,305
266,723,763
275,560,440
281,577,304
General Fund Expenditures by Expenditure Category