Adopted Budget Projected Budget 2016-2017
Fund Summary-General Fund
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.
General Fund Expenditures by Expenditure Category
2014-15
2015-16 Budget
2016-17 Adopted
2017-18 Projected
Actual
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
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.
Adopted FY 2016-17 Budget
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