FY 13-14 Adopted Budget

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The Wilmington City Council adopted the 2013-14 fiscal year budget at their meeting on Tuesday, June 18, 2013.

According to state law, city governments cannot have deficits – they must have a balanced budget in place by July 1 of each year for the fiscal year that runs from July 1 through June 30.

Budget Highlights

Highlights:

No property tax increase
Core services maintained
2% pay raise for employees; additional 1.5% pool to be used for performance-based merit pay for eligible employees
Strong savings (fund balance) for emergencies of about $25 million
Continued funding for 5-year infrastructure improvement plan
- 5¢ of the current 45¢ property tax rate funds a five-year plan to make $41 million worth of repairs and improvements – such as street repaving and work on public facilities such as the Riverwalk – that had been put on hold during the economic downturn.
Continued public safety investment, including funding a full year’s funding for the WPD’s new Mobile Field Force as well as the purchase of a new ladder fire truck

Fee increases include:

Golf: $1 per nine holes
Stormwater: 6% (about 34¢ per month for average homeowner)

2013-14 Budget

TITLE PAGE

BUDGET AWARD

TABLE OF CONTENTS

INTRODUCTION

Introduction
Profile of the City of Wilmington
- Economic Conditions and Outlook
- Hospital and Medical Facilities
- Transportation
- Education
- Long-term Financial Planning
- Major Initiatives
- Awards and Acknowledgments
- Additional Demographic Information
Reader's Guide
Budgetary Fund Structure
Budget Process
City Organization Chart
Financial Management Policies