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Adopted FY 2017–18 Budget
The FY 17-18 Net Adopted Budget (all funds) of
$534,641,635 is about $10.7 million, or 2.0% higher
than the revised FY 16-17 budget.
The Infrastructure Service Area is the largest
service area at over $273.8 million, The Adopted
Budget is $6.3 million, or 2.4% greater than the
revised current year budget. The Water Resources
Fund budget increases from $122.6 million to
$127.0 million. Much of the increase is driven by
debt service costs that are expected to increase
from $24.3 million to $26.5 million. The budget also
includes $343,000 in new funding for service
enhancements that include an additional
Applications Developer, Plant Mechanic, Electronics
Technician, and Valve Operation crew.
The Public Safety Service Area increases from
$136.9 million to $142.1 million. The Technical
Services Fund (radio services) budget increases
from $4.27 million to $5.92 million as efforts
continue to update the radio technology to P25
equipment standards (industry standards).
The Community Services Service Area decreases
from $47.6 million to $44.7 million. The current
year budget included an $11.6 million transfer from
the Hotel/Motel Occupancy Fund to the Coliseum
Improvements Fund to finance several projects
including construction of the new Fieldhouse. A
second but smaller transfer of $8.0 million is
included in the FY 17-18 Budget, accounting for the
overall decrease in the service area.
The Budget does include about $186,000 for service
enhancements related to the Barber Park
Community Building and Memorial to Women and
for additional field maintenance at the Bryan Park
Soccer Complex. The Adopted Budget also
includes $1.27 million in general capital reserve
projects: including City facility card entry system
upgrades ($575,500), Public Safety Training Center
upgrades ($300,000) and Cultural Arts Center
upgrades ($400,000).
The Projected FY 18-19 Budget is 1.0% higher than
the FY 17-18 Adopted Budget.
Budgeted personnel costs are 3.6% higher than the
current year budget, including a net increase of
about four (4) full-time equivalent (FTE) positions
within the total operating budget. The budget
includes a net increase of 6.5 FTE positions in the
Water Resources Fund to support various service
enhancements that are detailed on the Water
Resources Fund budget page.
Maintenance and Operations (M/O) costs, which
include transfers from operating funds to capital
projects or capital reserve funds, are reduced from
$228.5 million in FY 16-17 to $224.1 million in FY
17-18. The single largest decrease in a particular
fund occurs in the Hotel/Motel Occupancy Fund.
The fund continues to provide financing for a variety
of War Memorial Coliseum Complex improvements,
such as the Greensboro Swarm Fieldhouse. The
necessary transfer, however, drops from $11.6
million in the current year to $8.0 million in FY 17-
18. The City will continue to emphasize
maintenance of current assets by increasing the
budget for building maintenance and repair from
$3.0 million to $4.2 million.
Water Resources Fund will increase its contribution
to the Water Resources Capital Reserve Fund from
$29.3 million to $29.8 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.
Fuel prices have stabilized during FY 16-17; total
budgets for gasoline and diesel fuel will be $5.7
million, about the same as current year.
Overall budgeted debt service expenses are
increasing from $55.3 million to $62.5 million. The
budget increases the property tax allocation for
general obligation debt service costs from 8 cents to
9.50 cents. This will provide the necessary ongoing
support for debt service related to successful
referenda in 2008, 2009 and 2016. Water
Resources debt service costs will increase from
$24.3 million to $26.5 million.
Capital outlay expenditures are budgeted at $15.6
million, about $230,000 below current year. The
Equipment Services Fund is projecting rolling stock
replacement needs of $10.0 million in FY 17-18 as
compared to $10.3 million in the current year.
TOTAL BUDGET— EXPENDITURES
2015-16
2016-17
2017-18
2018-19
Category
Actual
Budget
Adopted
Projected
Personnel Costs
210,291,182
224,378,879
232,498,014
239,081,490
Maintenance & Operations
190,956,353
228,516,793
224,066,676
216,624,268
Debt Service
43,267,035
55,269,966
62,504,745
69,688,797
Capital Outlay
17,314,971
15,802,390
15,572,200
14,438,200
Total Expenditures
461,829,541
523,968,028
534,641,635
539,832,755
Total Net Expenditures by Expenditure Category