The FY 2017-18 budget process is under way!
The Governor’s Proposed FY 2017-19 budget for the State was announced March 1.
About the Department
The Budget, Management & Evaluation Department assists other departments, county management, and the Board of Commissioners in the preparation and management of a balanced budget in an effective and efficient manner that is consistent with the goals and objectives of the Board of County Commissioners, in accordance with the Local Government Budget and Fiscal Control Act. The department also coordinates the development of the County’s annual budget planning and development process, reviews and evaluates program performance, and monitors expenditures to ensure adherence to county policies and procedures. In addition, department staff assist departments with performance measures, respond to information requests from Board members, county management, departments, other agencies, the media, and the public.
About the Annual Operating Budget
The County’s annual operating budget runs from July 1 to June 30. Budget development takes place every spring and is guided by the priorities and identified by the Board. The annual budget is formally adopted at the time the Board adopts a budget ordinance. The ordinance includes specific expenditure and revenue appropriations for the County’s departments, as well as the ad valorem tax rates and levies. The ordinance also delineates the authority of the County Manager to amend the budget during the year and to enter into certain contractual agreements. Other provisions cover restrictions on contingency funds and compensation/allowances of the County Commissioners. The budget book also includes a discussion of the major expenditure and revenue categories, information on historical trends, and details regarding the development of the estimates and projections included in the adopted budget.
About the Capital Improvement Plan & Capital Projects
Guilford County’s capital investment program is comprised of two parts: the Capital Investment Plan and current capital projects. Together these represent the county’s long-term investment in its facilities and infrastructure, including schools, and other major assets. The Capital Improvement Plan (CIP) is a ten year plan for capital projects. The plan includes projects that are expected to cost at least $100,000, have an expected life of at least 10 years, and are expected to take more than one year to complete. Other projects may be included in the CIP if they represent a substantial investment of public funds. Typical CIP projects include the construction of emergency medical services bases, schools, and parks. Capital projects are established by Board-approved ordinances that establish a complete budget for each project. Unlike the annual budget, capital project ordinances only need to be adopted once and are effective for the life of the project.