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Expenditures by Service Area
The chart below shows a Service Area comparison
of General Fund expenditures for FY 15
-
16 Actual
Expenditures, the FY 16
-
17 Amended Budget, the
FY 17
-
18 Adopted Budget and the FY 18
-
19
Projected Budget. The FY 17
-
18 Adopted Budget
of $286,203,862 is $10.4 million, or 3.8%, higher
than the Amended FY 16
-
17 Budget.
The most notable budget increase for FY 17
-
18 is
an increase in the General Fund contribution to the
Debt Service Fund, from $21.2 million to $25.9
million. This increase is necessary to support
principal and interest payments related to further
borrowing of funds approved by the voters in 2008,
2009 and 2016. Council has previously approved
a project list and schedule to complete the
remaining Transportation projects from the 2008
referendum and begin borrowing for the various
projects approved in 2016. Absent this debt
service increase, the General Fund FY 17
-
18
Adopted Budget would be $5.7 million, or 2.1%,
higher than the current year revised budget.
The Public Safety Service Area, which includes
Police, Fire and the General Fund support for the
Guilford Metro 911 Fund, is the largest service area
in the General Fund. The total Service Area Budget
is $132.7 million, which is about 46% of the total
General Fund. The Adopted Budget shows an
increase of about $3.7 million, or about 2.8%. The
budget includes 7.5% increases to starting pay for
Police Officer and Firefighter positions and
significant market rate adjustments for sworn
employees.
The Infrastructure Service Area, which includes
Field Operations, Transportation, Engineering and
Inspections, Planning, and contributions to Solid
Waste Management and the Coliseum Funds, is
the second largest service area at $73.2 million.
The budget increases by $1.4 million, or 2.0%.
The General Fund transfer to the Coliseum Fund is
increasing from $2.70 million to $2.90 million.
The Community Services Service Area, which
includes the Library, Neighborhood Development and
Parks and Recreation Departments, increases from
$29.3 million to $29.8 million. The Adopted
Budget includes funding for the FY 17
-
18 opening
of the Barber Park Community Building and
Memorial to Women and additional maintenance
funding for Bryan Park Soccer expansion.
The General Government Service Area budget
increases from $24.5 million to $24.6 million. The
Adopted Budget includes capital reserve funds for
technology improvements to the Public Safety
Training Center ($300,000), upgrades to various
City facility card entry systems ($575,500) and
building improvements at the Cultural Arts Center
($400,000). The current year budget included use
of capital reserve funding of $1.1 million to replace
the MMOB roof. Budgeted funds for economic
incentive projects previously approved by City
Council, such as Honda Aircraft, Procter &
Gamble, increases from $940,000 to $1.08 million.
The FY 18
-
19 Projected Budget is $6.7 million, or
2.3%, higher than the Adopted FY 17
-
18 Budget.
The contribution to the Debt Service Fund is
projected to increase from $25.9 million in FY 17
-
18 to
$26.4 million in FY 18
-
19.
GENERAL FUND
2015-16
2016-17
2017-18
2018-19
Service Area
Actual
Budget
Adopted
Projected
Community Services
27,477,116
29,300,753
29,850,267
30,053,082
General Government
27,169,231
24,470,104
24,563,026
24,361,565
Infrastructure
66,580,441
71,739,558
73,188,934
75,196,755
Public Safety
121,059,376
129,015,044
132,681,635
136,895,739
Debt Service
18,272,570
21,238,110
25,920,000
26,361,000
Total
260,558,733
275,763,569
286,203,862
292,868,141
General Fund Expenditures by Service Area