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Highlights
Expenditures By Category:
The chart below shows a comparison of General Fund expenditures by expenditure category for FY 15
-
16
Actual Expenditures, the FY 16
-
17 Amended Budget, the FY 17
-
18 Adopted and FY 18
-
19 Projected
Budgets.
The General Fund Adopted Budget personnel
costs of $174.2 million are $5.2 million, or 3.1%,
higher than the current revised budget. The fund
shows a net decrease of about fourteen (14) FTE
positions, although most of the reduction is due to
interfund transfers. Seven positions were
transferred from the Information Technology
Department to the Guilford Metro 911 Fund.
Finance deleted two positions related to the
elimination of the privilege license process. A
vacant Assistant City Manager position is also
deleted.
The budget includes funds for an average merit
pay adjustment of 7.5% for Police and Fire sworn
employees and 3.0% for all other employees. The
budget also funds the Public Safety step program
for appropriate Police and Fire Department ranks
providing for cumulative step increases of at least
7.5%
Maintenance and Operations (M/O) expenditures,
including transfers to other funds, are budgeted at
$86.0 million, about $700,000, or about 0.8%,
higher than the current year budget. Included in the
Adopted Budget are approximately $150,000 in
maintenance and operations costs related to
service enhancements such as the Barber Park
Community Building and Memorial to Women and
increased maintenance needs for Bryan Park
soccer fields. The Adopted Budget also includes
proposed capital reserve uses of $1.27 million for
improvements to City facility safety technology,
Public Safety Training Center technology and
building upgrades at the Cultural Arts Center.
The General Fund contribution to the Coliseum
Fund will increase from $2.70 million to $2.90
million.
General Fund contributions to the Debt Service
Fund will increase from $21.2 million in FY 16
-
17
to $25.9 million in FY 17
-
18. This increase is
necessary to support additional borrowing
stemming from voter
-
approved referenda in 2008,
2009 and 2016. The portion of the property tax
dedicated to debt service will increase from
approximately 8.0 cents to approximately 9.50
cents.
The FY 18
-
19 Projected Budget is $6.7 million, or
2.4%, higher than the Adopted FY 17
-
18 Budget.
Contributions for debt service expenses are
projected to increase from $25.9 million in FY 17
-
18 to $26.4 million in FY 18
-
19.
Fund Summary
-
General Fund
2015-16
2016-17
2017-18
2018-19
Actual
Budget
Adopted
Projected
Personnel Costs
159,632,728
169,062,795
174,230,303
179,319,448
Maintenance & Operations
82,163,713
85,328,859
86,028,359
87,138,493
Debt Service
18,272,570
21,238,110
25,920,000
26,361,000
Capital Outlay
489,723
133,805
25,200
49,200
Total
260,558,733
275,763,569
286,203,862
292,868,141
General Fund Expenditures by Expenditure Category