FY 2026-27 Adopted Budget Document - City of High Point by cityofhighpoint

ADOPTED BUDGET FY | 26-27

HighPointNC.gov

ANNUAL BUDGET Fiscal Year 2026 - 2027

Adopted by the CITY COUNCIL on June 24, 2026

WARD 2 NC 150

Adopted by City Council on March 6, 2023

Cyril Jefferson Mayor + , 0 -

Y AC M E OV GR RD

PTIA

GUILFORD COUNTY

! $ " I-40

I-840

NATIONAL SERVICE RD

D ER IDG YR ND SA

AIR YR ED OR IM K RD

W IL DA LA IR RD Y RD

RAN TAR

RD W O RR

TAR

ORTH

GUILFORD COUNTY

ILF

ST F RD OR

DW IN

ST O

RD NY

HARVEY RD

N SCIEN TIFIC ST

NR D LO DIL

RIVERDALE

VE AR

RIVERDALE DR

SB EN RE

4 2

US 29 R

GUILFORD COUNTY

ON CK S

IRFIE

W FA

E FAIRFIELD RD

NC 62

Archdale RD

GE RD

RD E DA L

ND ST LA

ASH

ALE

D CH

TR IN

RANDOLPH COUNTY

EDEN

I-85

LIBERTY RD

GUILFORD COUNTY

RANDOLPH COUN

! ( "

KERSEY VALLE RD Y

LA K

I-8

Trinity

OLD TH

GUILFORD CO RANDOLPH CO

PEN

R HE

RT IN

W EN

GL PROSPECT ST

V OMAS

W GREEN DR

RD LIS H EN G W

SOUTH RD

GUILFORD COUNTY

DAVIDSON COUNTY L NA

NATIO

BRENTWOOD

RIV

JR DR

E SPRINGFIELD RD

SIN

L RD

KIVETT

WES

HAP E

NTER

S SCIENTIFIC ST

L AV

T DR

BASSET

HER KING

TRIANGLE LAKE

ETT

BALL PARK RD

E GREEN DR

E RUSSEL

SURR

Thomasville

BALES C

T CE

AR TM

S HAMILTON ST ST S MAIN

ARD WW

Jamestown

CEDROW DR

RTIN LUT

S CENTENNIAL ST

S ELM ST

Chris Williams

HASTY SCHOOL

E ILL

N ST S WREN

DAVIDSON COUNTY

I-74

TY PW

Britt Moore

AT LARGE

RD ORO

E MA

KIN

AY DS

MO JOE

AT LARGE

N LIN

ST N TO MIL ST HA M EL ST N

IPS

BURT ON AV

TN ES K

PHILL

ILL

CHESTNUT DR

N TO MIL HA

W LEXINGTON AV

W MAIN ST

! & " GORDON ST

TON AV ING

EX E L

DEEP RIVER

ST N SO HN JO

NC 68

WESTCHESTER DR

US 70

S UNIVERSITY

OIN

7 2

N CENTENNIAL ST

GUILFORD COUNTY

-HIG

DAVIDSON COUNTY

LB U

ALE

W AL

E HARTLEY DR

OAKD

Tim Andrew Michael Holmes

DAVIDSON COUNTY

WARD 6

WARD 5

Arnold Koonce, Jr. City Lake

IEW

HORNEYTOWN RD

N ST JOHNSO

Oak Hollow Lake

HIG

WAT ERVIEW

DILW

OLD MILL RD

FORSYTH COUNTY

W WESTOVER

RA RD NT

KENDALE RD

FORSYTH COUNTY

GUILFORD COUNTY

RO C

PIE

YTH CO UNTY DAVIDS ON CO UNTY

HIM NE Y

CL FA INAR RM D SR D

FORS

! % " I-73

VI DA

U SQ

IRY RD

INS

TK WA

FA RD INA RD

Monica Peters Patrick Harman Mayor Pro Tem

R FO

MARKET ST

Greensboro

GALLIM O

NC 66

EASTCHESTER DR

WARD 4

PEGG RD THORNDIKE RD

E G HILL

YR ID

; 2

US 421

S BUNKER HILL RD

BUNKER HILL-SAND

FRIEND

RIVERDALE

Kernersville

WARD 3

0I840

CITY OF HIGH POINT COUNCIL WARDS

I-84

SALISBURY ST

Vickie McKiver Tyrone Johnson

WARD 1

GOVERNMENT FINANCE OFFICERS ASSOCIATION

Distinguished Budget Presentation Award PRESENTED TO

City of High Point North Carolina For the Fiscal Year Beginning

July 01, 2025

Executive Director

ANNUAL BUDGET FISCAL YEAR 2026-2027 TABLE OF CONTENTS

Page

BUDGET MESSAGE

MM-1

BUDGET ORDINANCE

O-1

INTRODUCTION

SUMMARIES & ANALYSIS

Vision/Strategic Plan Introduction Organizational Chart Organizational Leadership City of High Point Characteristics City of High Point Profile Budget Preparation Process Budget Calendar Budget Development Policies Budget Ordinance Amendment Policy Accounting System Policies Electric Fund Transfer Policy Basis of Budgeting & Budget Structure Budgetary Fund Structure Diagram Description of Budgeted Funds Fiscal Policy Guidelines

1 3 4 5 6 7 12 14 15 18 20 23 24 26 28 30

2026-2027 Summary of Revenues & Expenditures & Estimated Fund Balances

36 38 39

Total Government Spending by Function Total Government Revenues by Source Revenue Data Where the Municipal Dollar Originates Estimated Changes in Fund Balance Analysis of Revenues Sources Property Tax Information Tax Values, Rates & Collections Expense Data Where the Municipal Dollar Goes Analysis of Expenditures Personnel Information Summary of Personnel Complement Debt Information Debt Service Policies & Overview Assessed Values & Debt Limitations Debt Outstanding & Maturities

40 41 42 46 47 48 55 60 63 64

TABLE OF CONTENTS (cont’d) Page

GENERAL FUND

Revenue & Expense Summary Where the Municipal Dollar Originates & Goes General Fund Departments Governing Body City Management City Attorney Communications & Public Engagement Human Resources Budget & Evaluation Financial Services Engineering Services Information Technology Services Police Fire Parks & Recreation Library Theatre Economic Development Transportation Planning Inspection Services Community Development & Housing Public Services Special Appropriations Transfers & Reimbursements

70 72 73 75 77 79 80 82 84 86 88 91 94 97 99 100 102 103 105 107 109 110

GENERAL DEBT SERVICE FUND

General Debt Service Fund Summaries List of General Debt Service for 2026-2027 by Issue

111 112

General Capital Projects Fund Summary

113

Department: Water Resources Water Resources Revenue & Expense Summary Water Resources Operating Water Resources Debt Service for 2026-2027 By Issue Water Resources Capital Projects Appropriations for 2026-2027

117 119 122 123

GENERAL CAPITAL PROJECTS FUND

WATER RESOURCES FUND

65 68

TABLE OF CONTENTS (cont’d) Page

ELECTRIC FUND

PARKING FUND

SOLID WASTE FUND

STORMWATER FUND

CENTRAL SERVICES FUND

OTHER FUNDS

Department: Electric Electric Revenue & Expense Summary Customer Service Electric Operations Electric Capital Projects Appropriations for 2026-2027

125 127 129 131

Department: Transportation Parking Revenue & Expense Summary Parking Facilities Operating Parking Capital Projects Appropriations for 2026-2027

133 134 135

Department: Public Services Solid Waste Revenue & Expense Summary Ingleside Landfill Facilities Operating Material Recovery Facility Environmental Services Landfill Capital Projects Appropriations for 2026-2027 Landfill Development and Post-Closure Reserve Fund

137 139 139 139 139 141 142

Department: Public Services Stormwater Revenue & Expense Summary Stormwater Maintenance Operating Stormwater Debt Service for 2026-2027 By Issue Stormwater Capital Projects Appropriations for 2026-2027

143 145 146 146

Central Services Revenue & Expense Summary Radio Repair Shop Operating Computer Replacement Operating Fleet Services Operating Print Shop Operating Economic Development Incentives Fund Insurance Reserve Fund General Risk Retention Fund Showroom & Occupancy Tax Fund Community Development Fund Special Grants Fund Mass Transit

147 148 149 150 152 153 154 156 157 158 160 162

TABLE OF CONTENTS (cont’d) Page

CAPITAL IMPROVEMENT PROGRAM

Five-Year Capital Improvement Program Adopted Capital Improvement Program Summary Capital Project Ordinances CIP Project Summary Total Capital Projects by Funding Source General Capital Projects Water Resources Capital Projects Electric Capital Projects Transit Capital Projects Parking Capital Projects Solid Waste Capital Projects Stormwater Capital Projects

165 167 169 171 177 179 201 257 271 281 285 295

GLOSSARY

301

ACCOUNTING UNIT

312

ACRONYM DIRECTORY

318

September 8, 2026 Honorable Mayor and Members of the City Council City of High Point, North Carolina I hereby transmit to you the adopted FY 2026-27 budget for the City of High Point, as approved by the City Council on June 24, 2026. The adopted budget totals $532.2 million and is balanced with a tax rate of 73.49 cents per $100 of valuation. The adopted budget increases water and sewer rates by 8%, effective October 1, 2026. The budget includes no increase to electric rates or stormwater fees. The adopted budget includes an average 3% mid-year merit pay adjustment, implements the final phase of compensation and classification study adjustments, includes a 2.5% pay plan adjustment, and the addition of 6 full-time and 3 parttime positions. The FY 2026-27 budget was presented to the City Council on Monday, May 4th. Budget work sessions were held on Monday, May 11th, Wednesday, May 20th, and Wednesday, May 27th. A public hearing on the Proposed Budget was held at the City Council meeting on Monday, May 18th. On June 19th, the Governor signed North Carolina Senate Bill 889 (Property Tax Reappraisal Moratorium) into law. This bill placed a one-year moratorium on any property reappraisals, including for Guilford and Davidon Counties. This reduced the property valuation the proposed budget was based on from $19,519,026,762 to $14,488,824,675, creating a budget deficit of $12,550,677. At the June 24th Special Meeting of the City Council, the Mayor and City Council adopted the budget with an 8.74 cent increase to the property tax rate, from 64.75 cents to 73.49 cents, to cover this deficit. As part of the budget adoption, City Council added a fire separation allowance for all eligible certified fire personnel. Additional funding was not approved for the benefit. Staff were directed to identify funding within the adopted budget and draft a policy for City Council to review. The FY 2026-27 budget document reflects the appropriations and program information as adopted by the City Council on June 24, 2026. The City Manager's Message is included as originally proposed.

Respectfully submitted, Tasha Logan Ford City Manager

MM-1

May 4, 2026 Honorable Mayor and Members of the City Council City of High Point, North Carolina In accordance with the General Statutes of North Carolina, the Manager’s Recommended Fiscal Year 2026-27 Budget is submitted for your consideration. The $534.2 M budget is balanced and was prepared in accordance with the provisions of the North Carolina General Statutes and the policies of the North Carolina Local Government Commission. It serves as the primary financial plan for the organization and details the operational framework based on the priorities and policy direction communicated by the Mayor and City Council. This budget reflects the City Council’s commitment to responsible fiscal management while continuing to provide services that support the quality of life for the residents of High Point. The proposed budget reduces the property tax rate by 8.75 cents from 64.75 cents to 56.00 cents per $100 of property value, which is based on a total valuation of $19,519,026,762. The property tax rate is allocated to the General Fund (52.60 cents) and the Debt Service Fund (3.4 cents). The Guilford County and Davidson County Tax Offices conducted appraisals of real property values in 2026. The revenue neutral rate (which is the rate that is estimated to produce revenue for the next fiscal year equal to the revenue that would have been produced for the next fiscal year by the current tax rate if no revaluation had occurred) is 48.69 cents. The proposed budget is shaped by our community’s growing needs and reflects the City’s commitment to excellence through innovation, targeted economic growth, and efficient government by funding initiatives the Mayor and City Council have identified as priorities. Our staff works with care and intention to use resources wisely, always focused on serving residents well. Their dedication to doing the right thing, the right way, keeps our city at the forefront of customer service. Below are the highlights of the proposed budget:

Proposed FY 2026-27 Budget Highlights • • • • • • • • • •

Reduces property tax rate by 8.75 cents No increase in electric and stormwater rates 8% water resources rate increase $2/month increase to Solid Waste Availability Fee Implementation of the final phase of the compensation and classification study Average 3% mid-year merit adjustment Pay plan adjustment of 2.5% for all employees $300,000 for sidewalk construction Addition of six full-time and three part-time positions $8.8 million for scheduled vehicle and other rolling stock replacements

MM-2

BUDGET ALIGNMENT WITH STRATEGIC GOALS AND PRIORITIES In November 2024, the Mayor and City Council participated in a two-day retreat that included discussion, analysis, and affirmation of the City’s vision, mission, and core values. The retreat also produced six strategic goals to provide the policy framework for investments. Major strategic initiatives were aligned with these goals, and the proposed budget includes investments that advance the objectives within each area. Since the pandemic, the City has continued to make foundational investments, even during periods of economic volatility, to advance the goals outlined in previous strategic plans, the current strategic plan, and new priorities of the City Council. These investments reflect a sustained commitment to long-term progress, organizational resilience, and responsible stewardship of public resources. During the February 2026 retreat work session, the City Council reviewed the strategic plan, assessed progress to date, and reaffirmed that the established priorities remain aligned with the City’s long-term direction. This review reinforced the continuity between past planning efforts and current initiatives, ensuring that the City remains focused on the areas of greatest impact for the community. Work toward these goals is ongoing, with departments continuing to develop, refine, and implement initiatives that support long-term progress. Outlined below are the strategic goal areas and highlights of the investments included in the proposed budget.

Thriving Economy

A thriving economy is characterized by tangible outcomes like business growth, competitive tax rates, and transformative spaces driven by policies that stimulate innovation, job creation, and wage growth. Leveraging the region’s identity as the “Arts and Design Capital of the World,” enhanced placemaking and support for a variety of small businesses foster a resilient and growing economy. • • •

Allocation of $1,937,187 in the Capital Improvement Program (CIP) for parking infrastucture and downtown redevelopment efforts in the Catalyst area. Funding for utlities and the operation of the Commercial Shared-Use Kitchen, totaling approximately $253,000. Continued funding of the City’s economic development incentive program, providing approved incentives for businesses that meet their investment and employment targets. Funding is also utilized for future incentive agreements.

MM-3

Effective Communication and Engagement

This goal focuses on fostering connection, transparency, and civic engagement through special events, targeted outreach, and clear communication about City services and successes. Enhancing marketing, resident involvement in decision-making, along with proactive communication, builds a more informed, engaged, and connected community. •

• • • •

Investment for the High Point Kids Fest Event by the High Point Public Library, which will be a family event with live performances, local vendors, youth activities, and a canned-food drive. Funding for the biennial resident survey, which will be conducted in late 2026. Continued fundng for the High Point 101 Citizens Academy, which began last fall. Allocation of $200,000 in the Capital Improvement Program (CIP) for maintenance and repairs at the High Point Theatre. Annual $250,000 for the City’s continued marketing and branding efforts.

Proactive Urban Design and Planning

This goal aims to build a well-connected, sustainable, and livable community by enhancing transportation options, improving walkability, and supporting smart density through updated zoning policies. Expanding greenways, increasing amenities, and maintaining strong inspection and permitting programs ensure a high-quality urban environment that supports residents and sustainable growth. • • •

Allocation of $220,000 in the Capital Improvement Program (CIP) for transit maintenance facility renovations and replacement of the fuel dispenser at the transit fueling station. Annual funding for the new GovWell enterprise permitting software for development, permitting, and inspections that will replace the current solution later in FY 2026-27. Continued support to the Planning and Development Department for the implementation of the 2045 Comprehensive Plan, including updating the Unified Development Ordinance (UDO).

MM-4

Resilient Community

A resilient community emphasizes safety, health, and sustainability through proactive code compliance, reduced blight, and increased access to food, mental health resources, and various housing options. Priorities include enhancing neighborhood vitality, improving safety, and supporting emergency response, disaster preparedness, and recreation services to foster longterm community well-being. •

•

• •

•

Federal grant dollars and the City’s local match for the 2026 SAFER Grant that was awarded to the High Point Fire Department last fall, allowing the City to hire an additional 24 firefighters. This was the second application for this grant after an unsuccessful bid in 2022. This investment advances a recommendation from the Continuous Improvement Initiative, identified for implementation in the FY 2026-27 budget for the High Point Fire Department. Addition of three fire safety training officer positions (one per shift) for the Fire Department. These positions will be responsible for independently monitoring incident conditions, identifying hazards, and ensuring that safety considerations remain a priority during dynamic and high-risk operations. This investment advances a recommendation from the Continuous Improvement Initiative, identified for implementation within five to seven years for the High Point Fire Department. An additional telecommunicator trainee position for 911 Communications that will address current operational staffing shortfalls and move the 911 center above minimum staffing standards, improving resiliency and service delivery. Allocation of $250,000 in the Capital Improvement Program (CIP) for fire station upgrades and repairs. Funding for the fire apparatus replacement program ($4,100,000) to replace an engine, tanker, and ladder truck, as well as funds for thermal imaging cameras and fire station generators. Two part-time Park Attendant positions for the new Center for Active Adults. These positions will help with additional programming needs, expanded operating hours, and resumed rental responsibilities at the facility. One part-time counselor for the Adaptive Sports, Programs & Inclusive Recreation (ASPIRE) program for Parks and Recreation that would help promote positive peer interactions, encourage participation, and improve efforts that align with the High Point Parks & Recreation mission.

MM-5

Effective Infrastructure & Public Utilities

Effective infrastructure and public utilities ensure safe, reliable, and sustainable support for the community through maintained bridges, roads, and sidewalks, along with robust repair programs. Priorities include safe water resources, stormwater management, flood prevention, and adopting green strategies to protect the environment and ensure long-term resilience. • • • •

•

Allocation of $300,000 in the Capital Improvement Program (CIP) for sidewalk maintenance and new sidewalks. Allocation of $350,000 in the Capital Improvement Program (CIP) for bridge maintenance and repair. Allocation of $450,000 in the Capital Improvement Program (CIP) for ongoing parking deck maintenance and elevator modernization. One electronics technician and one plant electrician in the Facilities Maintenance Division of the Water Resources Department. These positions will support the department by ensuring uninterrupted equipment maintenance and facility operations essential to the City’s water and sewer treatment processes. Funds the Capital Improvement Program (CIP) for Water Resources ($14,065,000), Electric ($9,397,350), Solid Waste ($221,000), and Stormwater ($1,050,000). Full project details can be found later in the budget message and in the CIP section of the budget document.

High Performing Organization

This goal ensures efficiency, empowerment, and excellence by attracting and retaining highperforming employees while promoting resource optimization and effective project management. Focus areas include financial excellence, strong organizational development, and strategic use of technology and training to support a high-performing, well-managed organization. • •

•

Fully funds the City’s Pay for Performance Program - an average 3% mid-year merit adjustment. Funds the implementation of the final phase of the compensation and classification study. This phase continues the model for implementation that considers the need to keep these positions competitive with the market and address compression issues. This phase also includes a recommendation for a 2.5% adjustment to the entire pay plan so the City can remain competitive with starting salaries and not exacerbating compression. Allocation of $836,000 in the Capital Improvement Program (CIP) for the Core Switch Refresh project. This upgrade will deliever enhanced capacity, including higher-speed

MM-6

•

uplinks and broader fiber connectivity, will strengthen our security and operational posture by moving off equipment that is nearing end-of-life support, and positions the network to accommodate upcoming growth in cloud services, public-safety systems, AI (artificial intelligence), and smart-city initiatives. Invests $73,629 towards learning and development initiatives. These initiatives include a leadership lab and leadership academy for staff development and succession planning, an AI strategy roadmap for governance and workforce readiness, and support for City staff to pursue identified certifications.

TOTAL FY 2026-27 BUDGET OF ALL FUNDS Funds included in the budget are adequate to continue providing the services that are expected by our residents. The total FY 2026-27 budgeted expenditures for the City of High Point is $534,193,658. This is a decrease of $3,850,570, or 0.7% from the FY 2025-26 budget. Below is a chart of total FY 2026-27 budgeted revenues and expenditures compared to the FY 2025-26 Adopted Budget:

MM-7

CITY OF HIGH POINT TOTAL BUDGET OF ALL FUNDS SUMMARY Sources and Use of Funds Revenues Fund Balance Property Tax Sales & Use Taxes Intergovernmental Licenses & Permits Charges for Services Miscellaneous Revenues Reimbursements Subtotal – Revenues

Adopted FY 2026 Budget

Proposed FY 2027 Budget

Amount Change

Percent Change

$22,537,842 90,931,540 44,050,249 22,703,912 6,856,475 274,231,320 17,958,567 443,323 $479,713,228

$3,074,925 108,969,954 45,431,145 20,509,375 6,831,475 283,517,347 21,311,391 221,658 $489,867,270

($19,462,917) 18,038,414 1,380,896 (2,194,537) (25,000) 9,286,027 3,352,824 (221,665) $10,154,042

-86.4% 19.8% 3.1% -9.7% -0.4% 3.4% 18.7% -50.0% 2.1%

Interfund Activities Total Revenues

$58,331,000 $538,044,228

$44,326,388 $534,193,658

($14,004,612) ($3,850,570)

-24.0% -0.7%

Expenditures Personnel Services Operating Expenditures Capital Outlay Debt Service Reimbursements Contingency Subtotal – Expenditures

$181,047,303 182,799,981 57,051,334 35,178,624 21,026,206 750,000 $477,853,448

$199,402,934 184,023,770 44,930,750 37,718,036 22,991,780 750,000 $489,817,270

$18,355,631 1,223,789 (12,120,584) 2,539,412 1,965,574 0 $11,963,822

10.1% 0.7% -21.2% 7.2% 9.3% 0.0% 2.5%

Interfund Transfers Total Expenditures

$60,190,780 $538,044,228

$44,376,388 $534,193,658

($15,814,392) ($3,850,570)

-26.3% -0.7%

FY 2026-27 REVENUE RECOMMENDATIONS The proposed FY 2026-27 property tax rate is 56.00 cents per $100 of valuation. The general fund allocation of the property tax is reduced by 8.75 cents to 52.60 cents, and the debt service fund allocation remains at 3.40 cents. There is no proposed increase to stormwater fees or electric rates. There is a change to one passthrough electric charge, outlined below. The proposed budget also includes proposed changes to fees, as outlined below.

MM-8

•

A water resources rate increase of 8%. The increased rates will help fund increases in personnel and operating costs, including the immediate infrastructure needs of the aging system. The increased rates also assist in the funding of the department’s pay-go capital plan and debt service for previous and upcoming revenue bond issuances.

•

A change in the Renewable Energy Portfolio Standard (REPS) charge. These charges are collected for the express purpose of enabling the City to meet its Renewable Energy Portfolio Standards compliance obligations as required by the North Carolina General Assembly. The funds collected are a pass-through to the power agency.

•

For the past two years, the Public Services Department and other key staff have worked with an outside consultant to examine the Solid Waste function and services provided, including the existing fee structure and fiscal health of the Solid Waste Fund. Costs for the services provided by Solid Waste continue to significantly outpace revenues. To keep the fund in good financial standing for next year, a $2 per month increase to the solid waste availability fee for collection services is proposed. This increase, alongside some short-term reductions in capital and other expenses, will allow staff to work on expanding the scope of the feasibility study to include examination of alternative revenue sources, cost and frequency of services, and a long-term plan for the fund and services for when the landfill is set to close. Short and long-term recommendations will be brought to City Council in the next fiscal year. In addition to the above fee increases, the Ingleside Compost Facility charges for the sale of certain types of yard debris. Fees are proposed to increase for engineered soil (+$3/ton), wood mulch (+$3/ton), compost (+$1/ton) and leaf mulch (+$3/ton). These fees remain lower than comparable facilities and will help offset the continued growth in the cost of operating this facility. Lastly, the fee for opening and closing of traditional adult burials at the cemeteries is proposed to be removed, as this service is no longer performed by staff and is contracted out.

•

The proposed budget includes increased (and consolidated fees) in Parks and Recreation at the golf courses (golf cart rental, discount golf card, entire course rental), indoor tennis court rentals at Oak Hollow Tennis Center, resident and non-resident fees for the multipurpose room at the new Center for Active Adults, and the option to add the weight room when renting the gym at the Recreation Centers. There are also increases proposed for the cost of holding games, meets, or practices at the Aderholt Track and Football Field.

•

Several changes to the fee schedule for Inspections are also proposed, consisting of removal of fees, consolidation of existing fees, and changes to existing/new fees.

MM-9

Inspections fees proposed to be removed include code compliance site visits, building evaluations, permit assessments (document scanning, record conversion, residential change in use), and over-the-counter permits for fire protection and commercial plumbing fixture replacement. The proposed budget simplifies the fee structure by consolidating groups of similar permit fees into broader, easier-to-understand categories. For example, instead of separate over-the-counter residential electrical fees for outlets, fixtures, sub-panels, generators, and other items, these would be combined into a single over-the-counter residential electrical permit. Similar consolidation is planned for residential mechanical and plumbing permits, as well as commercial electrical and plumbing categories, along with other trade-based calculations. This streamlining makes the structure clearer and better aligned with how the work is performed. Changes to existing fees include reducing two residential permit fees to align them with similar charges and increasing two sign permit fees to meet the minimum commercial construction standards. Four additional fees for residential, commercial, and over-the-counter permits are being adjusted to better reflect the actual services provided. Finally, two reinspection fees are being revised to account for the rising cost associated with repeated failed inspections. Three new minimum fees are being added under over-the-counter permits and zoning compliance to cover unlisted items and refund processing. Four fees are being introduced in the commercial fire protection category to meet required North Carolina Fire Code permitting. Two additional fees are proposed: one for ABC building code compliance to ensure cost recovery, and another for the commercial stocking permit to simplify the customer experience. CURRENT AND FUTURE EXPENDITURE CHALLENGES Lingering inflation, rising fuel costs, space limitations, and the final phase of the compensation and classification study continue to create substantial financial and operational pressures for the City as we prepared this budget. While greatly improved, inflation remains slightly elevated across many core service areas, increasing the cost of construction materials, contracted services, utilities, and essential equipment. These higher baseline costs continue to make it more challenging to maintain service levels without placing additional strain on the operating budget. The table below shows examples of some of the increases in costs the City has faced since 2022.

MM-10

Item Consumer Price Index - South Fire Apparatus – Engine Vehicle Cost – Sedan Pool Chemicals Asphalt Costs Health Insurance Per Employee Police Officer Starting Pay Firefighter Starting Pay

Increase Since 2022 +15.8% +63.0% +49.9% +45.5% +28.1% +31.1% +37.4% +30.9%

Fuel prices have also become increasingly volatile, which can have a significant impact on departments with large fleets such as police, fire, and sanitation. The current uncertainty is making long-term budgeting for fuel both difficult and unpredictable. The City’s current office space is no longer adequate to support the size and structure of today’s workforce. Departments are operating in areas that are undersized, outdated, or fragmented across multiple locations, which affects efficiency, collaboration, and service delivery. The need for a long-term facilities solution is becoming more urgent as the organization continues to grow and modernize. Lastly, the City is implementing the final phase of its multi-year compensation and classification study. This phase carries the highest implementation cost, reflecting the positions studied, the market pressures, and the need to address internal equity and compression issues that have accumulated over time. Completing this work is essential to maintaining a competitive compensation structure, but it represents one of the most significant financial commitments in the upcoming budget. FY 2026-27 EXPENDITURE RECOMMENDATIONS The needs, priorities, and details of each fund are highlighted in detail throughout this document. Below are the major expenditure recommendations included in the FY 2026-27 Proposed Budget: •

Fully funds the City’s Pay for Performance Program. An average 3% mid-year merit adjustment is programmed, at an estimated cost, including benefits, of $2.16 million.

•

Funds the implementation of the final phase of compensation and classification study adjustments for FY 2026-27, totaling $3.76 million, including benefits, across all funds.

•

Funds a 2.5% pay plan adjustment, adjusting pay ranges (minimum, midpoint, maximum) by 2.5% and increasing employee pay to keep their position in their respective range, totaling $3.14 million, including benefits.

•

Continued funding of the required employer contribution to the Local Government Employees’ Retirement System (LGERS) for regular, fire, and sworn police employees. The cost of this increase for FY 2026-27 is about $2.46 million.

MM-11

•

The proposed budget fully funds the City’s self-funded health insurance program. The City’s contribution per employee increases by approximately 10%, with no increase to the employee contribution. Funding also remains in place for the employee health clinic, now in operation for about 2.5 years. The contribution amount paid by retirees who remain on the City’s health plan will increase by 15% (following a 25% increase last year), as the City’s share of retiree health costs continue to be at unsustainable levels. Retiree premiums covered about 90% of claims in FY 2022–23, but premiums are projected to cover only about half of claim costs in the current year. For reference, Affordable Care Act (ACA) marketplace premiums increased by an average of 22% for benchmark plans last year.

•

High Point Fire Department Continuous Improvement Report – In December, Fire Chief Consulting presented their findings and recommendations after reviewing operational practices within the High Point Fire Department. The proposed budget includes funding for the following recommendations from that study and the timeframe for implementation recommended: o o

•

Outside non-profit organization funding is proposed at $500,000.

•

Funding for marketing/branding efforts totaling $250,000.

•

Funding for the repayment of the twenty-year internal loan for the Catalyst project land purchases. The amount is $443,323.

•

Funding for the repayment of the fifteen-year internal loan for the improvements to City Lake Park. The amount is $600,000.

•

Incremental tax revenue payment for the Catalyst project of $2,759,114. The taxable value of this area has increased $496,022,206 from its 2017 assessed value.

•

Investments in the City’s Information Technology network including updated software, maintenance of existing systems and applications, and cybersecurity improvements, totaling approximately $200,000.

MM-12

•

Replaces $4,750,000 in vehicles funded with pay-go funding. Planned fleet purchases include two (2) dump trucks, fifteen (15) police vehicles, three (3) rear loader refuse trucks, (1) side loader refuse truck, two (2) wheel loaders, one (1) bucket truck, one (1) skid steer, one (1) 15-passenger van, SUVs, light duty pickup trucks, body equipped work trucks, work trucks with dump bodies, and other necessary rolling stock. In addition, the proposed budget funds the fire apparatus replacement program, budgeting for the replacement of an engine ($1,225,000), a ladder truck ($2,125,000), and a tanker truck ($750,000) for the Fire Department. These vehicles will be financed over 10 years.

•

The addition of six full-time and three part-time positions as outlined below. Costs include salaries, benefits, and operating expenses.

Department

Position

FY 2026-27 Cost

Full-Time Information Technology

Telecommunicator Trainee

$73,901

Fire

Fire Safety Training Officer (3)

298,038

Water Resources

Electronics Technician

74,102

Water Resources

Plant Electrician

71,147 Subtotal – Full-Time

$517,188

Part-Time Parks and Recreation

Recreation Attendant (2)

Parks and Recreation

ASPIRE - Counselor

$34,608 18,970

Subtotal – Part-Time

$53,578

•

The telecommunicator trainee position will address current operational staffing shortfalls and move the 911 center above minimum staffing standards, improving resiliency and service delivery. The position will bring the division closer to a balanced staffing model across all teams, which reduces burnout, supports compliance with call-answering performance expectations, and strengthens continuity of operations.

•

The three fire safety training officer (one per shift) positions will be responsible for independently monitoring incident conditions, identifying hazards, and ensuring that safety considerations remain a priority during dynamic and high-risk operations. By focusing solely on safety, the fire safety training officers provide an added layer of protection that allows command and operations personnel to concentrate on tactical objectives.

MM-13

•

One electronics technician and one plant electrician in the Facilities Maintenance Division of the Water Resources Department. These positions will support the department by ensuring uninterrupted equipment maintenance and facility operations essential to the City’s water and sewer treatment processes.

•

Two part-time park attendants for Parks and Recreation for the new Center for Active Adults, scheduled to open in the fall. These positions will help with additional programming needs, expanded operating hours, and resumed rental responsibilities at the facility.

•

One part-time counselor for the Adaptive Sports, Programs & Inclusive Recreation (ASPIRE) program for Parks and Recreation that would help promote positive peer interactions, encourage participation, and improve efforts that align with the High Point Parks & Recreation mission.

FY 2026-27 MAJOR FUND SUMMARIES GENERAL FUND The FY 2026-27 General Fund Budget of $175,040,477 is $21,504,653, or 14.0% more than the adopted FY 2025-26 budget. The FY 2026-27 General Fund Budget is balanced with an 8.75 cent reduction to the property tax rate. The general fund does not include an appropriation of fund balance reserves. General Fund revenues and expenditures are summarized on the table below:

MM-14

CITY OF HIGH POINT GENERAL FUND BUDGET SUMMARY

Sources and Use of Funds Revenues Fund Balance Property Tax Sales & Use Taxes Intergovernmental Revenues Licenses & Permits Charges for Services Miscellaneous Revenues General Fund Revenues

Adopted FY 2026 Budget

Proposed FY 2027 Budget

Amount Change

Percent Change

$50,000 86,189,837 40,585,249 12,157,273 4,766,475 6,600,518 3,186,472 $153,535,824

$0 102,393,018 42,066,145 12,043,812 4,691,475 6,830,710 7,015,317 $175,040,477

($50,000) 16,203,181 1,480,896 (113,461) (75,000) 230,192 3,828,845 $21,504,653

-100.0% 18.8% 3.6% -0.9% -1.6% 3.5% 120.2% 14.0%

Expenditures Personnel Services Operating Expenditures Capital Outlay Debt Service Contingency General Fund Expenditures Interfund Transfers Net Expenditures

$108,433,325 28,433,751 1,572,000 2,209,463 0 $140,648,539 $12,887,285 $153,535,824

$119,667,767 30,155,376 5,576,968 2,915,726 0 $158,315,837 $16,724,640 $175,040,477

$11,234,442 1,721,625 4,004,968 706,263 0 $17,667,298 $3,837,355 $21,504,653

10.4% 6.1% 254.8% 32.0% 0.0% 12.6% 29.8% 14.0%

GENERAL FUND REVENUES Below is a summary of major General Fund revenue changes: •

Property tax revenues represent 58.5% or $102,393,018 of the total General Fund revenues. Property tax revenues are projected to increase by $16,203,181, or 18.8%. The projected collections are based on a collection rate of 99.3%.

•

Sales tax revenues represent 24.0% or $42,066,145 of General Fund revenues and are projected to increase by approximately $1,480,896, or 3.6%. Retail sales tax revenue is estimated to increase approximately 2.4% above year-end estimates. Minimal change is expected to the Guilford County ad valorem sales tax distribution percentage.

•

Intergovernmental revenues are projected to decrease $113,461, or 0.9%. There is a slight decrease in the amount of Powell Bill revenues expected to be distributed by the State.

MM-15

•

Charges for services are increasing by $230,192, or 3.5%, primarily due to a projected increase in golf course greens fees, golf cart rental fees, and driving range fees at Oak Hollow and Blair Park golf courses.

•

Miscellaneous revenue is estimated to increase by $3,828,845, due to the budgeting of debt proceeds for the financing of three fire apparatus trucks. There is a corresponding expense for the purchase of these vehicles.

TAX RATE AND COLLECTIONS The proposed FY 2026-27 tax rate is 56.00 cents, an 8.75 cent reduction from the FY 2025-26 approved rate. The value of one cent in the tax rate will produce approximately $1.937 million of revenue. The total proposed tax rate is divided between the General Fund (52.60 cents) and the General Debt Service Fund (3.40 cents). A collection rate of 99.3% is planned for the proposed tax year collections. CITY OF HIGH POINT TAX RATE HISTORY Year

Tax Rate

FY 2017-18

$0.6475

FY 2018-19

$0.6475

FY 2019-20

$0.6475

FY 2020-21

$0.6475

FY 2021-22

$0.6475

FY 2022-23

$0.6175

FY 2023-24

$0.6175

FY 2024-25

$0.6475

FY 2025-26

$0.6475

FY 2026-27 (proposed)

$0.5600

ASSESSED PROPERTY VALUES The combined total assessed valuation estimates for our four County taxing authorities are $19.519 billion for FY 2026-27, which is a 37.5% increase over the estimated current year valuation. Below is a chart of our historic assessed value history:

MM-16

CITY OF HIGH POINT ASSESSED VALUE HISTORY Total Fiscal Year

Real

Personal

Public Service Companies

Assessed

% Inc

Property

Value

yr/yr

2013

7,236,973,161

1,501,465,603

148,989,146

8,887,427,910

-3.8%

2014

7,434,609,523

1,489,840,190

128,387,727

9,052,837,440

1.9%

2015

7,247,442,751

1,555,428,785

126,857,380

8,929,728,916

-1.4%

2016

7,278,714,107

1,587,787,369

140,281,138

9,006,782,614

0.9%

2017

7,365,385,961

1,674,065,813

141,688,783

9,181,140,557

1.9%

2018

7,711,594,730

1,724,751,200

144,885,945

9,581,231,875

4.4%

2019

7,802,334,510

1,774,628,867

142,350,789

9,719,314,166

1.4%

2020

7,919,440,619

1,765,251,099

146,722,026

9,831,413,744

1.2%

2021

8,206,133,469

1,853,256,085

145,822,173

10,205,211,727

3.8%

2022

8,392,605,902

1,914,514,749

119,329,377

10,426,450,028

2.2%

2023

10,776,478,359

2,144,255,909

148,765,393

13,069,499,661

25.3%

2024

11,082,915,104

2,255,957,167

161,013,089

13,499,885,360

3.3%

2025

11,238,155,673

2,386,998,229

183,996,986

13,809,150,888

2.3%

2026 (est)

11,451,818,674

2,547,956,599

193,576,808

14,193,352,081

2.8%

2027 (est)

16,747,091,478

2,578,309,661

193,625,623

19,519,026,762

37.5%

SALES TAX The sales tax category includes sales tax related to retail sales, utility sales tax, and rental vehicle tax. Current year retail sales taxes are expected to exceed budgeted projections by 2.4% or about $750,000. FY 2026-27 sales taxes are estimated to increase an additional 2.4% above year-end estimates. Minimal change is expected to the ad valorem distribution percentage for Guilford County. Below is a chart of our historic sales tax history:

MM-17

CITY OF HIGH POINT SALES TAX HISTORY Fiscal Year

Sales Tax

Utility Sales Tax

Rental Vehicle Tax

Total Sales Tax

Percent Change

2021 2022 2023 2024* 2025 2026 (est.) 2027 (proj.)

$23,674,132 27,177,248 29,660,241 32,875,508 30,223,215 31,826,169 32,591,145

$6,486,006 6,698,493 7,109,199 8,200,758 8,739,948 8,917,861 9,200,000

$264,225 284,831 314,271 303,033 263,681 268,749 275,000

$30,424,363 34,160,572 37,083,711 41,379,299 39,226,845 41,012,779 42,066,145

10.0% 12.3% 8.6% 11.6% -5.2% 4.6% 2.6%

*An additional monthly distribution of sales tax was collected in FY 2023-24. GENERAL FUND EXPENDITURES Below is a summary of major General Fund expenditure changes: •

Personnel services are increasing by $11,234,442 or 10.4%. This includes increases to fund the following: o Implementation of the final phase of compensation and classification study adjustments proposed for FY 2026-27, totaling $3.21 million. o 2.5% pay plan adjustment: $2.16 million. o Average 3% mid-year merit increase: $1.51 million. o Required increase to the City’s contribution to the Local Government Employees’ Retirement System (LGERS) for regular, certified fire, and sworn police employees:$1.73 million. o Increased employer costs for health insurance plan: $1.26 million. The General Fund budget also includes four additional full-time and three additional parttime positions, as outlined earlier in this message.

•

Operating expenditures are increased by $1,721,625 or 6.1%. Drivers include increases in phone and utility budgets ($559,000), license and maintenance for software applications and I.T. infrastructure ($275,000), higher Fleet Services charges for the cost of vehicle replacements and vehicle maintenance ($215,000), and operational costs for the commercial shared-use kitchen ($253,000).

•

Capital outlay funding is budgeted at $5,576,938 for FY 2026-27. This is driven by the funding for the fire apparatus replacement program ($4,100,000) and other fire equipment including station generators ($200,000) and thermal imaging cameras ($15,000). The fire apparatus replacement program includes three apparatus vehicles (engine, ladder, tanker)

MM-18

that will be financed over a 10-year period. The $4.1 million is the full cost which is offset by debt proceeds revenues. •

Debt service payments are increased by $706,263 for FY 2026-27. This includes new debt service payments for the three fire apparatus vehicles to be financed over a 10-year period.

•

Interfund transfers are increased by $3,837,355. The General Fund contribution for capital projects is $4,956,510, helping meet growing deferred maintenance and other capital needs of the general fund service areas, as well as an additional $1.93 million for parking infrastructure and downtown redevelopment. The proposed budget also includes an increased transfer to the debt service fund of $1.14 million for the increase in the incremental tax revenue payment for the Catalyst project. The General Fund subsidy for mass transit is $2,307,408, an increase of $541,520 due to growing expenses and minimal growth in federal and state transit revenues.

WATER RESOURCES FUND The $80,304,500 Water Resources Fund Budget for FY 2026-27 represents a 6.0% or $4,524,492 increase from the FY 2025-26 adopted budget, as summarized below: CITY OF HIGH POINT WATER RESOURCES FUND BUDGET SUMMARY

Sources and Use of Funds Revenues Fund Balance Charges for Services Miscellaneous Revenues Water Resources Fund Revenues Expenditures Personnel Services Operating Expenditures Contingency Debt Service Pay-Go Capital Reimbursements Water Resources Fund Expenditures Interfund Transfers Net Expenditures

Adopted FY 2026 Budget

Proposed FY 2027 Budget

Amount Change

Percent Change

$0 73,430,500 2,349,508 $75,780,008

$0 77,925,260 2,379,240 $80,304,500

$0 4,494,760 29,732 $4,524,492

0.0% 6.1% 1.3% 6.0%

$15,044,371 20,084,470 300,000 17,191,770 12,988,489 9,820,908 $75,430,008 $350,000 $75,780,008

$16,153,893 20,989,770 300,000 17,806,360 14,065,000 10,711,200 $80,026,223 $278,277 $80,304,500

$1,109,522 905,300 0 614,590 1,076,511 890,292 $4,596,215 ($71,723) $4,524,492

7.4% 4.5% 0.0% 3.6% 8.3% 9.1% 6.1% -20.5% 6.0%

MM-19

WATER RESOURCES FUND REVENUES Below is a summary of Water Resources revenue changes: •

The proposed budget increases water and sewer rates by 8%. The increased rates will help fund increases in personnel and operating costs, including the immediate infrastructure needs of the aging system. The increased rates also assist in the funding of the department’s pay-go capital plan and debt service for previous and upcoming revenue bond issuances.

•

The proposed budget for water resources operations does not include any appropriation of reserves.

WATER RESOURCES RATES The FY 2026-27 Water Resources Fund includes an increase in water resources rates of 8%. Below is a history of water resources rate changes: CITY OF HIGH POINT HISTORIC ANNUAL WATER RESOURCES RATE CHANGES Water Sewer Effective % % Date Fiscal Year Change Change FY 2012-13 no increase 0.00% 0.00% FY 2013-14 no increase 0.00% 0.00% FY 2014-15 7/1/2014 3.00% 3.00% FY 2015-16 10/1/2015 3.50% 3.50% FY 2016-17 10/1/2016 4.00% 4.00% FY 2017-18 10/1/2017 3.00% 3.00% FY 2018-19 10/1/2018 3.00% 3.00% FY 2019-20 10/1/2019 4.00% 4.00% FY 2020-21 10/1/2020 2.00% 2.00% FY 2021-22 no increase 0.00% 0.00% FY 2022-23 10/1/2022 4.00% 4.00% FY 2023-24 10/1/2023 4.00% 4.00% FY 2024-25 10/1/2024 5.00% 5.00% FY 2025-26 10/1/2025 8.00% 8.00% FY 2026-27 (proposed) 10/1/2026 8.00% 8.00%

Water resources revenue rates are a critical component for funding the operation, maintenance and needed capital improvements for water treatment facilities and distribution lines, and for wastewater collection lines and treatment systems. Property taxes are not used to finance water and sewer utility services. Several years of minimal or no rate increases (FY 2020-21 and FY 202122) led to a reduction in overall revenue for the water resources system. When factoring in rising costs for personnel, chemicals, equipment, major infrastructure upgrades, and new expenses related to emerging contaminants like PFAS, larger rate increases are essential.

MM-20

Staff are currently collaborating with a rate consultant to assess the existing rate structure and future needs of the system and will provide recommendations for future adjustments next year. WATER RESOURCES FUND EXPENDITURES Below is a summary of Water Resources Fund expenditures: •

Personnel Services are increasing by $1,109,522, or 7.4%, due to implementation of the final phase of compensation and classification study adjustments, a 2.5% pay plan adjustment, an average mid-year merit adjustment of 3%, increased health insurance costs, and increased employer contributions for retirement. The proposed budget includes the addition of two new positions for Water Resources: one electronics technician and one plant electrician in the Facilities Maintenance Division of the Water Resources Department. These positions will support the department by ensuring uninterrupted equipment maintenance and facility operations essential to the Cty’s water and sewer treatment processes.

•

Operating expenses have increased $905,300, or 4.5% primarily due to continuing increases in costs for fuel, maintenance supplies, and parts for the aging infrastructure of the system and facilities.

•

Pay-go capital includes $14,065,000 in funding for water resources capital projects.

ELECTRIC FUND The FY 2026-27 Electric Fund Budget of $126,989,179 represents a 7.0%, or $9,560.182 decrease from the FY 2025-26 adopted budget. There is no increase in electric rates but there are changes to the Renewable Energy Portfolio Standard (REPS) charge. Wholesale power cost for FY 2026-27 is budgeted at $75.0 million, which is the single largest expense in the Electric Fund and citywide budget. This expense is estimated based on the current year’s trends. The budget continues to invest funds to maintain electric infrastructure and includes $9,397,350 in major capital projects. This has decreased approximately $12.02 million compared to the current year, as the annual capital needs vary based on the size and scope of projects. Capital investments are necessary to maintain efficient and ongoing operation of the Electric System. Major capital projects include transmission pole replacements ($1.0 million), substation expansion ($2.0 million), and the rebuilding of the buss at the Commerce substation ($5,037,350).

MM-21

CITY OF HIGH POINT ELECTRIC FUND BUDGET SUMMARY

Sources and Use of Funds Revenues Fund Balance Charges for Services Miscellaneous Revenues Reimbursements Electric Fund Revenues

Adopted FY 2026 Budget

Proposed FY 2027 Budget

Amount Change

Percent Change

$9,338,517 125,253,100 1,514,421 443,323 $136,549,361

$0 125,253,100 1,514,421 221,658 $126,989,179

($9,338,517) 0 0 (221,665) ($9,560,182)

-100.0% 0.0% 0.0% -50.0% -7.0%

Expenditures Personnel Services Operating Expenditures Wholesale Power Cost Capital Equipment Outlay Contingency Pay-Go Capital Reimbursements Electric Fund Expenditures Interfund Transfers Net Expenditures

$15,762,789 11,268,260 75,000,000 3,656,000 450,000 21,417,500 7,164,812 $134,719,361 $1,830,000 $136,549,361

$17,230,204 11,696,816 75,000,000 3,656,000 450,000 9,397,350 7,616,769 $125,047,139 $1,942,040 $126,989,179

$1,467,415 428,556 0 0 0 (12,020,150) 451,957 ($9,672,222) $112,040 ($9,560,182)

9.3% 3.8% 0.0% 0.0% 0.0% -56.1% 6.3% -7.2% 6.1% -7.0%

CAPITAL IMPROVEMENT PROGRAM Capital investments and reinvestments are critical elements in the City’s total financial program. Capital improvements are financed through several methods. The first method involves the issuance of voter-approved general obligation bonds generally backed and paid by property taxes. The second method is a slight variation of the first and allows the City to issue small amounts of what are known as two-thirds general obligation bonds, which are utilized from time to time and do not require tax increases or voter approval. Limited obligation bonds are a general government debt financing mechanism like general obligation bonds; however, limited obligation bonds do not require voter approval to issue the debt. Another method involves revenue bonds, backed, and paid for by revenues from our water resources and our stormwater system. Revenue bonds do not require voter approval. The final method is pay-go capital financing. The pay-go alternative, developed and expanded in the past ten years, allows the City to fund needed capital improvements from current revenues, grants, and other funds, thereby avoiding the additional and higher costs associated with the issuance and financing of long-term debt.

MM-22

Capital investments are necessary for a city to replace existing infrastructure and to invest in new infrastructure. Debt financing of this infrastructure is a sound financial strategy if the borrowing is done in a strategic and conservative manner. Local policies are in place to ensure that borrowing is done responsibly, and oversight of our borrowing practices is in place through the Local Government Commission. The City is well prepared to address the replacement of existing infrastructure to meet and provide for future growth and development. DEBT FINANCING The City has engaged Davenport & Company, LLC of Richmond, Virginia as our financial advisor since 2003. Davenport has assisted the City with general obligation and revenue bond planning and modeling, financial policies, rating agency strategies and interactions, bond issuance, investment analysis, and bond refunding analysis. Earlier this year, the City utilized Davenport & Company, LLC to update a model for potential debt scenarios for general obligation bond debt issuances in the near term and presented their findings to the Mayor and City Council. This provided the most up-to-date information on our debt capacity and ability to fund future debt service payments. GENERAL OBLIGATION (GO) BONDS General obligation bonds are a common type of municipal bond that are secured by the full faith and credit of the tax rate to repay bond holders. This debt instrument was used to fund the 2004 bond authorization and is being used to fund the $50.0 million authorization that was approved by voters in 2019. The authorization is for the following uses: • • •

Streets and Sidewalks - $22,000,000 Parks and Recreation - $21,500,000 Housing - $6,500,000

The first series of bonds was issued in FY 2021-22 and an issuance of $12,000,000 for Parks and Recreation is under consideration by the Local Government Commission. Authorization of $12,000,000 for Transportation (FY 2025-26) remains. The debt service fund has the capacity for the payments on these issuances with no change to the current property tax allocated for debt service (3.4 cents). TWO–THIRDS GENERAL OBLIGATION BONDS Two-thirds bonds are State authorized General Obligation bonds that may be issued without voter approval. The statute allows local governments to issue up to 2/3 of the amount of general obligation bonds that were paid off in the previous year. These bonds can be used for any other general obligation purpose other than the financing of auditoriums, coliseums, arenas, stadiums, civic centers or convention centers, art galleries, museums, historic properties, public transportation systems, cable television systems, or redevelopment projects.

MM-23

A two-thirds bond issuance of $5,555,000 for Transportation in currently under consideration by the LGC. In addition to the upcoming general obligation bond issuance, the debt service fund has the capacity for the payments on these issuances with no change to the current property tax allocated for debt service (3.4 cents). LIMITED OBLIGATION BONDS (LOBS) Limited obligations bonds are a general government debt financing mechanism like general obligation bonds; however, limited obligation bonds do not require voter approval to issue the debt. An asset is pledged as collateral to secure the financing. Recent projects that utilized LOBS as a funding strategy include the downtown stadium and the new Police Headquarters. Several projects included in debt modeling completed earlier this year, totaling approximately $113,000,000, could utilize this funding strategy. The projects include 300 Oak Street, a new City Hall, and improvements to downtown parking. The debt modeling included several tax rate increase scenarios to fund the debt service on these projects. The current budget does not include any increase to the property tax rate allocated for debt service. Staff will continue to work with Davenport & Company LLC on future debt modeling, recasting the model when new information is available. The City will also continue to assess our debt capacity, and explore new sources of revenue, to ensure sound long-term fiscal management while making investments that further support growth in High Point. WATER RESOURCES REVENUE BONDS Revenue bonds are municipal bonds that finance income-producing projects that are secured by a specified revenue source, such as water resources or stormwater rates. Revenue bonds are issued by the government agency for operations that run in the manner of a business, with operating revenues and expenses, such as our Water Resources Fund. The pledge to repay the bond is guaranteed by the rates of the Water Resources Fund. Over the next five years, staff have identified an estimated $362.1 million in additional major water and wastewater bond projects. The capital improvement program anticipates cash funding of $74.5 million and debt funding of $287.6 million in water and sewer projects. As with governmental debt, staff will continue to work on future debt modeling for enterprise funds, recasting the model when new information is available. Capital project costs have increased significantly over the past year and these increases, along with the potential for additional federal and state regulations on emerging compounds like PFAS, will have an impact on the future debt capacity for Water Resources.

MM-24

BOND AGENCY RATINGS The City’s capacity to finance and pay for improvements needed is evaluated from time to time by the following rating agencies: Moody’s Investment Services, Standard & Poor’s, and Fitch Ratings. Protecting and enhancing our bond ratings is one of our highest priorities. The City has seen a series of bond rating upgrades since 2003, including the addition of an AAA bond rating assignment by Standard & Poor’s. The City’s bond ratings were re-affirmed in conjunction with our bond sale in April 2026. PAY-GO FINANCING The City has made a commitment to fund a healthy level of pay-go financing for routine improvements, infrastructure maintenance, and grant matches of capital projects funded by state and federal grant programs. Below is a summary of pay-go projects in each fund. The table below shows the history of general fund allocations for capital projects since FY 201920. Fiscal Year FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 (proposed)

Amount $1,810,000 $1,257,000 $0 $1,422,000 $2,554,575 $2,557,000 $2,557,000 $4,513,187

The General Fund share for FY 2026-27 totals $4,513,187, which is an increase of $1.96 million. If the City were to fund every General Capital request from this past year’s Capital Improvement Program (CIP) process, it would require an allocation of $14.75 million. GENERAL CAPITAL FUND PAY-GO The proposed budget includes $5,415,187 in prioritized general capital pay-go projects. Core Switch Refresh* City Facilities Improvements Parking Infrastructure and Downtown Redevelopment Fire Station Upgrades and Renovations Playground and Equipment Parks and Recreation Deferred Maintenance Blair Park Sand Trap Replacement Stadium Capital Reserve** Library Sealing and Cleaning Exterior Theatre Maintenance and Repair GIS Orthoimagery Program

MM-25

$836,000 350,000 1,937,187 250,000 75,000 225,000 251,000 275,000 276,000 200,000 45,000

City Sidewalk and Greenway Construction Local Match for NCDOT Bridge Projects Local Bridge Maintenance/Repair General Capital Total

$300,000 45,000 350,000 $5,415,187

*The Core Switch Refresh includes funding from the General Fund ($209,000), Water Resources Fund ($209,000), Electric Fund ($334,400), Solid Waste Fund ($58,520), and Stormwater Fund ($25,080). **The stadium capital reserve is funded by proceeds from the sale of land. WATER RESOURCES PAY-GO Water Resources pay-go capital investments are budgeted at $14,065,000. Projects Include: Generators – Automation/Replacement $250,000 Replace Obsolete Neighborhood Water Lines 3,000,000 Replace Obsolete Neighborhood Sewer Lines 3,000,000 Alum Sludge Removal 425,000 Water Storage Tank Maintenance 700,000 NCDOT – TIP Program 350,000 Water/Sewer Developer Reimbursements 250,000 Wastewater Plants and Lift Stations Equipment Replacement 200,000 Water Distribution Master Plan Recommendations 1,300,000 Sewer System Improvements 125,000 Water System Improvements 125,000 Arc Flash Project 75,000 Ward Water Treatment Plant Projects 200,000 Compliance with Lead and Copper Rule Revisions 750,000 Watershed Protection Plan 150,000 Westside - Final Clarifier #3 Coating Repairs 565,000 Eastside - Dissolved Air Flotation (DAF) System 2,000,000 Pennywood Lift Station Repairs 100,000 Eastside AAA Gates Modification 500,000 Water Resources Capital Total $14,065,000 ELECTRIC PAY-GO The Electric pay-go projects are budgeted at $9,397,350. Projects include: Area Outdoor Lighting Street Lighting Downtown Underground Overhead to Underground Conversion Filter T1 Transformer Replacement Rebuild Buss at Commerce Substation

MM-26

$110,000 200,000 200,000 100,000 750,000 5,037,350

Transmission Pole Replacements Northeast Substation Electric Capital Total

$1,000,000 2,000,000 $9,397,350

SOLID WASTE PAY-GO The Solid Waste pay-go budget is $221,000. The projects planned are: MRF Ongoing Maintenance Kersey Valley Ph 1 – IV Post Closure – Reserve Solid Waste Capital Total

$50,000 171,000 $221,000

OTHER PAY-GO The $6,355,245 in other FY 2026-27 pay-go investments include the scheduled replacement of vehicles, normal computer and radio replacements, routine stormwater projects, and others outlined below: Fleet Vehicle Replacement Program Fleet Shop Equipment Parking Deck Improvements Stormwater Annual Culvert Repairs CCTV Trailer/Equipment Replacement Computer System Replacements Other Capital Total

$4,750,000 65,000 450,000 1,000,000 50,000 40,245 $6,355,245

FUND BALANCES/RETAINED EARNINGS Fund balances and retained earnings are critical but their nuances are often hard to understand as part of the annual budget process. Fund balances and retained earnings consist of unencumbered and unappropriated monies. They are a key factor for maintaining our strong bond ratings as well as maintaining positive year-round and year-to-year cash flows. Strong fund balances are essential as we plan for subsequent budgets and future capital investments. Fund balance available for appropriation is an important reserve for local governments to provide cash flow during periods of declining revenues and to be used for emergencies and unforeseen expenditures. The High Point City Council’s adopted Fiscal Policy calls for a minimum 10.0% fund balance of estimated expenditures as a signal of financial strength and fiscal stability. This is necessary for maintaining positive year-round cash flows, reducing the need for short-term borrowing, and assisting in maintaining an investment grade bond rating. The City of High Point applies the policy to all operating funds except the Water Resources Fund, which calls for a 50% fund balance, and the Economic Development, General Debt, and General Capital Project funds, which are covered by more specific strategic plans.

MM-27

CONCLUSION We continue to be energized by the strength of our partnerships with key stakeholders and by the steadfast support of our state and federal delegations. Together, we are advancing projects that do more than meet today’s needs, they set the stage for a more vibrant, resilient, and opportunity rich High Point. The proposed budget invests soundly based on our current program of work and known pressures now and on the horizon. It aligns with the City’s long-term strategic vision, embraces innovation, and positions us to deliver outcomes that will shape the community for decades to come. It builds the groundwork for future generations who will choose High Point as their home, their workplace, and their launching pad for new ideas. It also ensures that we continue to provide the exceptional services our residents rely on as we move confidently toward the future we are creating together. I want to recognize and thank all the staff members who contributed to the preparation of this budget and policy document. I especially appreciate the dedication and professionalism of Deputy City Manager Greg Ferguson, Assistant City Manager Eric Olmedo, Assistant City Manager Damon Dequenne, Managing Director Jeron Hollis, Budget and Performance Director Stephen Hawryluk, Strategic Initiatives Manager Meridith Martin, Budget and Evaluation Analysts Carla Huggins, Roslyn McNeill, and Don Scales, Executive Assistant Dona Turner, and the rest of our executive team. I want to extend my deepest appreciation to all City employees whose dedication, creativity, and daily commitment continue to elevate the standard of service we provide to our community. Their work is the engine that moves High Point forward. I am equally grateful to the Mayor and City Council for your leadership, your passion for public service, and the trust you place in me. Your unwavering commitment to the City of High Point fuels our collective vision, a vision of a community that grows stronger, more connected, and full of more possibility with each passing year. Respectfully submitted, Tasha Logan Ford City Manager

MM-28

O-1

O-2

O-3

O-4

O-5

O-6

O-7

O-8

2024-27 STRATEGIC PLAN Introduction

The 2024-27 Strategic Plan outlines priorities and goals, influences the City’s budgeting process and guides the implementation of the City’s full range of services. True North Performance Group, LLC (TNPG) led the City of High Point’s FY 2024-2027 strategic planning process. As part of this, the consultant conducted individual interviews with the Mayor and City Council members to understand their priorities and group dynamics in preparation for the two-day retreat, which took place on Nov. 21-22, 2024. TNPG led the retreat, which provided discussion, analysis and affirmation of the City’s vision, mission, core values and strategic goals.

Our Vision Creating the single most livable, safe and prosperous community in America.

Our Mission The City will serve as the catalyst for bringing together the community’s human, economic and civic resources for the purpose of creating the single most livable, safe and prosperous community in America.

Our Values Stewardship Demonstrate accountability by responsibly managing resources & making sustainable decisions for the future.

Welcoming Communicate effectively; create a friendly & open environment for residents, partners, stakeholders & visitors, ensuring everyone feels valued & embraced.

Integrity Act with honesty, transparency & ethical responsibility in all decisions & actions.

Productivity Stay focused on results, ensuring our actions lead to meaningful, impactful outcomes; foster creativity, innovation & outside-the-box thinking.

2024-27 STRATEGIC PLAN Strategic Goals

A strategic goal is a critical focus within an organization's strategic plan that is essential for achieving its mission and vision. Strategic goals are defined by outcomes and are designed to address fundamental challenges, leverage opportunities and guide decision-making processes. Strategic goals serve as the foundation for establishing a 12-18 month action plan. Strategic goals are not listed in priority order. Each strategic goal includes supplemental information to help define and provide context for the goal. Strategic goals are intended to be representational but not all-encompassing. Strategic initiatives will be re-evaluated annually or as capacity allows for implementation.

Thriving Economy A thriving economy is characterized by tangible outcomes like business growth, competitive tax rates and transformative spaces driven by policies that stimulate innovation, job creation and wage growth. Leveraging the region's identity as the "Arts and Design Capital of the World," enhanced placemaking and support for diverse small businesses foster a resilient and growing economy.

Effective Communication & Engagement This goal focuses on fostering connection, transparency and civic engagement through special events, targeted outreach and clear communication about City services and successes. Enhancing marketing and resident involvement in decision-making, along with proactive communication, builds a more informed, engaged and connected community.

Proactive Urban Design & Planning This goal aims to build a well-connected, sustainable and livable community by enhancing transportation options, improving walkability and supporting smart density through updated zoning policies. Expanding greenways, increasing amenities and maintaining strong inspection and permitting programs ensure a high-quality urban environment that supports residents and sustainable growth.

Resilient Community A resilient community emphasizes safety, health and sustainability through proactive code compliance, reduced blight and increased access to food, mental health resources and various housing options. Priorities include enhancing neighborhood vitality, improving safety and supporting emergency response, disaster preparedness and recreation services to foster long-term community well-being.

Effective Infrastructure & Public Utilities Effective infrastructure and public utilities ensure safe, reliable and sustainable support for the community through maintained bridges, roads and sidewalks, along with robust repair programs. Priorities include safe water resources, stormwater management, flood prevention and adopting green strategies to protect the environment and ensure long-term resilience.

High-Performing Organization This goal ensures efficiency, empowerment and excellence by attracting and retaining high-performing employees while promoting resource optimization and effective project management. Focus areas include financial excellence, strong organizational development and strategic use of technology and training to support a high-performing, well-managed organization.

INTRODUCTION Contained in this document is the City of High Point Fiscal Year 2026-2027 Budget. The budget format was prepared to make it simple and easy to read. We have tried to prepare a document that contains the information necessary for the Mayor, City Council, and the residents of High Point to understand the operations of the City and the resources and costs necessary to carry out its various missions for fiscal year 2026-2027. The book is divided into funds beginning with the General Fund. The City's Five-Year Capital Improvement Program (CIP) along with a description of each project is found in the Capital Improvement Program section. The Summaries/Analysis section contains revenue and expense summaries, charts, and other data pertinent to the preparation of this budget. Revenue information is presented first, and expense summaries follow. Revenue and Expense Summaries are found at the beginning of each fund's section. The Revenue and Expense Summaries provide a consolidated picture of each fund's revenue and expense status. A glossary of frequently used terms is found in the last section of the document to assist in understanding the budget. We hope that this book is presented in a fashion that will aid you in the location of specific information. Your comments and suggestions are greatly appreciated in helping us compile a document that serves your needs.

Any comments or questions should be directed to: City of High Point Budget and Evaluation Department P.O. Box 230 High Point, NC 27261 Telephone: Fax:

336-883-3296 336-822-7026

ORGANIZATIONAL CHART CITY COUNCIL

CITY CLERK

CITY MANAGER

CITY ATTORNEY

CITY MANAGER REPORTS

DEPUTY CITY MANAGER

POLICE

ASSISTANT CITY MANAGER

FIRE

ADMINISTRATION

INFORMATION TECHNOLOGY

PUBLIC SERVICES

HUMAN RESOURCES

ECONOMIC DEVELOPMENT

CUSTOMER SERVICE

PARKS & RECREATION

MANAGING DIRECTOR

PLANNING & DEVELOPMENT

LIBRARY & MUSEUM

FLEET SERVICES

COMM. DEV. & HOUSING

ELECTRIC

TRANSPORTATION

DOWNTOWN DEVELOPMENT

FINANCIAL SERVICES

ENGINEERING & FACILITIES SERVICES

INSPECTIONS

BUDGET

WATER RESOURCES

336.883.3111

HighPointNC.gov

COMMUNICATIONS

& PUBLIC ENGAGEMENT

THEATRE

LEGISLATIVE AFFAIRS

211 S. Hamilton St. High Point, N.C. 27260

ORGANIZATION LEADERSHIP Managers City Manager Deputy City Manager Assistant City Manager Assistant City Manager Managing Director

Tasha Logan Ford Greg Ferguson Eric Olmedo Damon Dequenne Jeron Hollis

Department Directors City Attorney City Clerk Community Development Director Customer Service Director Economic Development Director Electric Utilities Director Engineering Services Director Financial Services Director Fire Chief Fleet Services Director Human Resources Director Info. Technology Serv. Director Inspections Services Director Libraries Director Parks & Recreation Director Planning & Development Director Police Chief Public Services Director Theatre Director Transportation Director Water Resources Director

Meghan Maguire Sandra Keeney Thanena Wilson Jeremy Coble Peter Bishop Tyler Berrier Trevor Spencer Bobby Fitzjohn Brian Evans Kevin Rogers Angela Kirkwood Adam Ward Christopher Whaley Mary M. Sizemore Lee Tillery Michael Harvey (interim) Curtis Cheeks Robby Stone Dr. Dan Barnard Greg Venable Allison Kraft

Budget & Evaluation Staff Stephen Hawryluk, Budget & Performance Director Meridith Martin, Strategic Initiatives Manager Roslyn J. McNeill, Budget Analyst Don Scales, Budget Analyst Calla Walker, Budget Analyst

CHARACTERISTICS POPULATION

FY26/27 ADOPTED TAX RATE ($100 Valuation)

High Point Guilford County

119,170 562,234

High Point Guilford County

LAND AREA (SQ. MI.)

MEDIAN AGE 39.7

High Point Guilford County

MEDIAN INCOME $62,483

HIGH POINT UNEMPLOYMENT RATE 2025

4.6%

2024

4.5%

2023

4.2%

2022

4.4%

Year

2021

POPULATION PERCENTAGE ETHNIC ORIGIN

2020

2018

4.2%

2017

4.6%

2016

5.2%

2015

5.3%

0.0%

White African American Asian Other Hispanic (of any race)

8.1% 4.2%

5.0%

58.96 645.60

GENDER COMPOSITION PERCENTAGE Male 49% | Female 51%

6.2%

2019

0.7349 0.7895

43.1% 33.2% 8.2% 2.6% 12.9%

Average Annual Unemployment Rate (2025) High Point 4.6% Guilford County 4.3% North Carolina 3.8% United States 4.3%

10.0%

Rate

Sources: City of High Point Planning Department, NC Department of Commerce, US Census Bureau, and US Bureau of Labor Standards

CITY OF HIGH POINT, NC PROFILE

High Point is centrally located in the Piedmont Triad region of the State of North Carolina and is currently the ninth-largest municipality in North Carolina. Settled before 1750, High Point was incorporated in 1859. Being a great place to live also means being a great place to work. High Point is a thriving city of 118,399 residents situated along the rolling Piedmont crescent region of North Carolina. High Point lies in four counties: Guilford, Davidson, Forsyth, and Randolph. Being centrally positioned along the East Coast with easy access to several interstate highways and the Piedmont Triad International Airport, High Point is a great place to live and to do business.

HPMKT High Point Market

A globally connected community, High Point earned its nicknames as North Carolina's International City™ and Home Furnishings Capital of the World™. The first North Carolina furniture exposition was held in High Point in 1905. In 1921, a brand-new Southern Furniture Exhibition Building was built with ten stories and 249,000 square feet at a cost of $2 million, and the event has grown into an internationally renowned furniture trade fair for all home furnishings. Twice each year, the City hosts the High Point Market, the world's largest home furnishings trade show. High Point Market has a tremendous impact on the economy of the entire Piedmont Triad. All 50 states and more than 110 foreign countries are represented at these markets. High Point continues to be the prime location in the United States to purchase brand name furniture at a substantial discount. The furniture industry and developing textile manufacturing set the pace for two 20th century growth booms in High Point.

A massive full-service public library contains nearly 400,000 books, music recordings, videotapes, audiobooks, periodicals, newspapers, and a comprehensive collection of books related to history and genealogy equipped with many attractions for Youth and Young Adults. Missions of the High Point Public Library • Nurturing the joy of reading • Sharing the power of knowledge • Strengthening the sense of community • Enhancing cultural and economic vitality The High Point Library also hosts the High Point Farmers Market, which aligns itself to promote a healthy lifestyle and a sense of community in a family-friendly gathering place. Opening and closing dates are subject to change. Admission to the event is free for shoppers, however vendor booth spaces require a minimal fee to cover the costs of event production.

The High Point Museum shares greater High Point history, provides perspective for current issues and strengthens our community. It strives to be a thriving, trusted community center where people come to learn about themselves and our city. It endeavors to encourage familial ties and relationships, help people enjoy life and inspire people to make positive contributions to our society. It is a Certified Autism Center. Adjacent to the Museum is the Historical Park, which is home to four historic structures: John Haley House (1786), Hoggatt House (1801), a working blacksmith shop (1841), and the iconic Little Red Schoolhouse (1931). The Museum and Historical Park feature permanent and changing exhibits year-round, along with engaging historic demonstrations and public programs for people of all ages. In addition to inperson experiences, the Museum offers a variety of opportunities to explore High Point’s history digitally through its website, app, and social media channels. Examples include a searchable database of Museum artifacts, regularly updated blog posts, educational videos, and historic walking and driving tours around High Point.

Owned and operated by the City of High Point, the complex represents one of the nation's first cooperative ventures between municipal government, private enterprise, and the arts. In 1975, the International Home Furnishings Center was awarded the Esquire/BCA "Business in the Arts" award in recognition of its cooperation with the City of High Point. Constructed in 1975, the facility combines contemporary "sculptured" architecture with an interior design dominated by earth tones. The Theatre features an elegant 900-seat auditorium with continental style seating. Other facilities include three large exhibition galleries for meetings, displays, or receptions. The center is suited for meeting use, all types of performing arts, and is available to both professional and amateur groups on a rental basis.

BUDGET PREPARATION PROCESS Preparation of the City of High Point's fiscal year budget is a process that involves the citizens of High Point, the Mayor and City Council, individual city departments, and the Budget and Evaluation Department. It is a process that begins in October with preliminary budget meetings and budget software and process training sessions with departments. During the Fall, the Budget and Evaluation Department prepares revenue and expenditure forecasts for the current budget year. The Budget and Evaluation Department distributes operating base budget target numbers and personnel workpapers to departments and distributes grant request forms to departments and to outside non-profit organizations requesting funding. City management and department directors meet to discuss immediate goals and directives, strategic plan initiatives, and major issues to be emphasized in the upcoming year. The City Manager gives general direction regarding economic conditions and how these conditions should relate to budget proposals. Capital Budget Preparation In October, departments begin preparing their Five-Year Capital Improvement Program (CIP). This process requires departments to submit financial information for each project, detailing the description of the project, the projected beginning and end dates, as well as how the project will be financed. Department directors submit their Five-Year CIP requests to the Budget and Evaluation Department, ranking projects by priority. The Budget and Evaluation Department prepares the CIP requests for review. The assistant city managers, department directors, and the Budget and Evaluation Department perform the next review of these requests. Changes that best meet the City’s needs are incorporated into the requests. Upon completion of these reviews in early winter, the program is then presented to the City Manager for review, at which time additions or reductions may be made as any new priorities are identified. Operating Budget Preparation Each Fall/Winter, the Budget and Evaluation Department meets with department staff and conducts budget software training and outlines expectations for the upcoming budget year. The Budget and Evaluation Department prepares revenue forecasts and operating budget target numbers for the upcoming year. The budgeting software is opened for each department to begin the input of their operating budget requests. The Budget and Evaluation Department distributes personnel workpapers and grant request forms to each department.

At the City Council's discretion, a City Council/Management Team retreat is held early in the calendar year, during which the Mayor and City Council communicate their concerns and priorities and update the Strategic Plan for the upcoming year. The City Manager’s staff presents an overview of the current budget year, preview of the year-end financial picture, and major capital projects on the horizon. This important meeting provides valuable insight and feedback from Council members for the management team to use in developing the proposed budget. Once budget information is input into the budget software, budget review meetings are scheduled as necessary during February/March with department heads and the Budget and Evaluation Department to study their requests. The City Manager is given a briefing on any new programs that are being proposed, new position requests, as well as major increases in the budget requests. The Budget and Evaluation Department produces the initial recommended budget to be reviewed with the City Manager. The Manager makes any final revisions to the proposed budget along with the proposed tax rate and any utility rate or other fee changes being proposed for the new fiscal year. In May, the City Manager's proposed budget is presented to the Mayor and City Council, the press, and the public. The proposed budget is made available for public inspection in the office of the City Clerk, the Library, and the Budget and Evaluation Department. During May/June, the Mayor and City Council hold a series of budget work sessions in which review of the budget occurs. During these meetings, the City Council discusses the budget and makes any necessary adjustments. North Carolina General Statutes require one public hearing be held for public comment on the proposed budget. This hearing is conducted in May or June, prior to adoption of the budget. The City Council is required by law to formally adopt the budget at a City Council meeting on or prior to June 30. The adopted budget is also posted on the City of High Point’s website and can be accessed at www.highpointnc.gov.

BUDGET CALENDAR

PLANNING October - January •Budget team prepares revenue and spending forecasts for current budget year •Budget Kickoff - January 9, 2026 •Budget team distributes operating base budget target numbers and personnel workpapers to departments •Operating/Performance Measures training sessions - January 15 & 22, 2026 •Budget team distributes Outside Non-Profit Grant Application - Due February 6, 2026

BUDGET REVIEW February - April •Revenue, Expenditures and Change Requests updated in Questica Due January 30, February 6, & February 13, 2026 •Performance Measures for the first six (6) months of the current year Due January 30, February 6, & February 13, 2026 •Budget team initial review of departmental requests •Budget team review with City Manager's Office

CITY COUNCIL REVIEW May •Proposed budget presentation to Mayor and City Council - May 4, 2026 •Mayor and City Council Budget Review •Budget Work Sessions - May 11, May 20, & May 27, 2026 •Budget public hearing - May 18, 2026

ADOPTED BUDGET June •Adoption of FY 2026-2027 Annual Budget and Related Ordinances June 24, 2026

BUDGET DEVELOPMENT POLICIES State Budget Statutes The City of High Point annual budget shall be prepared in accordance with the General Statutes of the state of North Carolina section 159-8(a) that requires an annual balanced budget defined as follows: The budget ordinance is balanced when the sum of estimated net revenues and appropriated fund balances is equal to appropriations. The City of High Point adheres to state statutes by strictly applying the following policies in the development of its annual operating budget. These policies provide the basis for decisionmaking and in continuing a tradition of financial stability in High Point’s operation. Budget Policy 1. The City of High Point shall prepare an annual budget appropriation document covering the twelve-month period beginning July 1 and ending June 30 of the following year. 2. Before April 30th of each year, each department head shall present budget requests and revenue estimates for the coming budget year. 3. The proposed budget document shall be presented to the City Council for consideration no later than June 1 with adoption of the approved ordinance by June 30. 4. One public hearing is mandated by North Carolina State General Statutes. 5. The City budget will be developed incorporating all programs and service levels as established by City Council and as required by all statutes. 6. Budgets shall be prepared at the department level and provide the basis for the City’s financial management and operation. The adopted appropriations by fund shall constitute the maximum expenditure authorization for that fund and may be amended only by action of the City Council. Revenue Policy 1. Estimation of revenue receipts shall be realistic and attainable both in the determination of fund balance generation in the current fiscal year and in the estimated receipts for the following fiscal year. Where judgment is required, conservatism shall be the rule. 2. Amounts appropriated into fund balance shall not exceed the sum of cash and investments minus the sum of liabilities, encumbrances, and deferred revenues arising from cash receipts at the close of the fiscal year preceding the budget year. 3. Every effort shall be made to maintain a balance of 10% of the City’s estimated expenditures in undesignated fund balance. Appropriations from unappropriated fund balance shall be made only at the direction of the City Council.

4. Water, sewer, stormwater, and electric rates shall be set at an amount that will enable these funds to be self-supporting. 5. The practice of transferring from the Electric Fund to supplement the General Fund was eliminated beginning with Fiscal Year 2000-2001. The Adopted FY 2026-2027 Budget does not include a transfer of electric funds. 6. One-time or special revenues shall not be used to finance ongoing City operations but rather be used for the funding of special projects. 7. An aggressive policy of seeking the collection of delinquent utility and license fee accounts will be maintained. Debt Management Policy The goal of the City’s debt policy is to manage debt by maintaining a sound fiscal position and protecting the City’s credit rating. Long-term debt shall only be used to finance those capital projects that cannot be financed with current revenues and will require strong financial administration. When the City considers debt financing, analyses of the financial impact of short-term and longterm issuing of the debt are considered. Issuing long-term debt commits the City’s revenues several years into the future and may limit its flexibility to respond to changing service priorities, revenue inflows, or cost structures. For this reason, it must be determined that future citizens will receive benefit from the capital improvement that the debt will finance. Bonds may be sold as authorized or by first issuing bond anticipation notes (BANs) to finance the bond projects. When BANs are issued, such shall be retired by the issuance of the bonds historically within a period of one year. The payment of debt service shall be developed on a schedule that provides even or level debt payments annually in order to prevent major swings from year to year.

Legal Compliance for Debt Management 1. The issuance of all bonds for the purchase of or construction of major capital projects will be with the approval of the North Carolina Local Government Commission. 2. In adherence to North Carolina General Statute 159-7, funds shall be appropriated to cover debt service before any other appropriation is authorized. 3. The legal debt margin of 8% of assessed valuation shall be maintained. Capital Improvement Policy 1. The City shall prepare a Five-Year Capital Improvement Program (CIP) in conjunction with the annual operating budget. The first year of this program shall be presented for adoption. The subsequent four years shall be for information and planning purposes. 2. Capital expenditures included in the CIP are attributable to a specific fund (General, Water, Sewer, Electric, etc.) and will be financed from revenues assigned to that fund. Projects included in the CIP shall have a cost greater than $15,000 and a useful life of at least ten years. 3. Capital acquisitions costing not less than $5,000 and having a useful life of at least three years and which do not materially add to the value of existing assets shall be budgeted for in the operating budget of the department to which the asset is to be assigned. These acquisitions shall not represent major acquisitions that are budgeted for in the CIP. Vehicles for the City’s fleet are not budgeted for in the CIP. First-year acquisition of vehicles is budgeted in the using department; subsequent replacement vehicles are managed through the City’s Fleet Replacement Program. 4. Capital Project Ordinances (CPO) shall be established and adopted by the City Council separate from the regular operating budget ordinance and shall authorize the construction or acquisition of major capital that spans a period of time greater than one year to complete. The appropriation of the capital project ordinance budget shall remain in effect for the life of the project and not require reappropriation each fiscal year. 5. The expenditure of all bond-authorized projects will be controlled through the establishment of capital project ordinances.

BUDGET ORDINANCE AMENDMENT POLICY North Carolina General Statute 159-8 states that each local government shall operate under an annual balanced budget ordinance. The budget ordinance as adopted by the City Council may be amended in two ways: (1) Budget transfers within a fund authorized by the City Manager, or (2) Appropriation increases or decreases authorized by the City Council including transfers, contributions, and reimbursements among funds. The first procedure authorized by the budget ordinance states that the City Manager is authorized to approve transfers of appropriations within a given fund. Conversely, transfers cannot occur between funds without authorization from the City Council. Budget Transfers Within a Fund To initiate a transfer of budgeted funds from one line item to another within the same fund, the department requesting the transfer must complete the “Create a Budget Amendment” task in the Workday ERP system. This task will indicate the relevant budget account numbers to transfer from, the budget account numbers to transfer to, and the amount to be transferred. A description of the transfer must accompany the request. The task is routed through the department head and then submitted to the Budget and Evaluation Department. Upon receipt, the Budget and Evaluation Department reviews for completeness and accuracy, verifies that the requested transfer amount is available for transfer, and determines if the request is valid. If approved by the Budget and Performance Director or appropriate designee, the request is approved and the transfer processed in the general ledger. Budget transfers result in no increase or decrease in the budget for each fund. One exception to the City Manager’s authority to transfer budget within a fund is that of contingency transfers. The City Manager is required to communicate to City Council any transfers by his/her authority out of a fund’s contingency account into any other budget for expenditure. Fund Appropriation Increases and Decreases The need for any budget ordinance amendment that results in either increases or decreases in a fund’s total budget or which involves transfers of budget between funds requires City Council formal authorization and approval. For example, if revenue is made available during the fiscal year that was not included in the original adopted budget ordinance, the City Council may elect to appropriate this revenue and budget a corresponding amount of expense for a stated purpose.

In addition, the City Council may elect to transfer, contribute, or reimburse one fund from another fund for a stated purpose. In any of these instances an increase in the fund’s budget is the result. To implement this, the Budget and Evaluation Department prepares a Budget Ordinance Amendment which states the revenue and expense accounts involved, the amount of the amendment, and the purpose of the amendment. This Appropriation Ordinance is then presented to the City Council for deliberation and approval. When approved, the Budget and Evaluation Department files the ordinance with the City Clerk and prepares the appropriate budget amendment task and processes them as outlined in the section above.

ACCOUNTING SYSTEM POLICIES The accounting policies of the City of High Point shall conform to the generally accepted accounting principles as applicable to governments. The diverse nature of governmental operations and the requirements of assuring legal compliance preclude recording all governmental financial transactions and balances in a single accounting entity. Therefore, from an accounting and financial management perspective, a governmental unit is a combination of several distinctly different fiscal and accounting entities, each having a separate set of accounts and functioning independently of each other. The basis of accounting refers to the point at which revenues or expenditures are recognized in the accounts and reported in the financial statements. It relates to the timing of the measurements made regardless of the measurement focus applied. As in the basis of budgeting, accounting records for the City of High Point governmental funds are maintained on a modified accrual basis with the revenues being recorded when available and measurable and expenditures being recorded when the services or goods are received and the liabilities are incurred. In contrast to the basis of budgeting, accounting records for proprietary funds are maintained on the accrual basis in which revenues are recognized when earned and expenses are recognized when incurred. Fund Basis The City of High Point’s accounting system is organized and operated on a fund basis. Each accounting entity is accounted for in a separate fund, which is defined as a fiscal accounting entity with a self-balancing set of accounts recording cash and other financial resources together with related liabilities and residual equities or balances, and changes therein. Two fund types defined in the “Description of Budgeted Funds” are further defined below as well as the addition of Fiduciary Funds. Classification Governmental Fund

Fund Type General Special Revenue Debt Service Capital Projects

Proprietary Funds

Enterprise Internal Service

Fiduciary Funds

Agency Expendable Trust

Governmental Funds | These funds are, in essence, accounting segregations of financial resources. Expendable assets are assigned to the various governmental funds according to the purposes for which they may or must be used; current liabilities are assigned to the fund

from which they are to be paid; and the differences between governmental fund assets and liabilities (the fund equity) is referred to as Fund Balance. The primary measurement focus is “flow of current financial resources.” Increases in spendable resources are reported in the operating statement as revenues or other financing sources, and decreases are reported as expenditures or other financing uses. Proprietary Funds | These funds are sometimes referred to as income determination, nonexpendable, or commercial-type funds and are used to account for a government's on-going organizations and activities which are similar to those often found in the private sector. All assets, liabilities, equities, revenues, expenses, and transfers relating to the government's business and quasi-business activities, where net income and capital maintenance are measured, are accounted for through proprietary funds. The generally accepted accounting principles here are those applicable to similar businesses in the private sector, and the measurement focus is the economic condition of the fund as a result of the events and transactions of the period. Events and transactions that improve the economic position of a proprietary fund are reported as revenues or gains in the operating statement. Those that diminish the economic position are reported as expenses or losses. Fiduciary Funds | These funds account for assets held by the City in a trustee capacity or as an agent for other governmental units and for other funds. Each trust fund is accounted for as either a governmental or a proprietary fund. Fiduciary funds are not budgeted in the annual budget process. Account Groups These represent another accounting entity used to establish control and accountability for the City's general fixed assets and the outstanding principal of its general long-term debt (General Fixed Assets Account Group and General Long-Term Debt Account Group). These records are accounted for in a self-balancing group of accounts because the City's General fixed assets -- all fixed assets except those accounted for in Proprietary Funds or Trust Funds -- are not financial resources available for expenditures. The outstanding principal of the general long-term debt and general long-term liabilities not accounted for in the Proprietary Funds or Trust Funds do not require an appropriation or expenditure during the account year. Internal Control In developing and maintaining the City's accounting system, consideration is given to the adequacy of internal accounting controls. Internal accounting controls are designed to provide reasonable, but not absolute, assurance regarding the safeguarding of assets against loss from unauthorized use or disposition and the reliability of financial records for preparing financial statements and maintaining accountability for assets.

The concept of reasonable assurance recognizes that the cost of a control should not exceed the benefits likely to be derived, and the evaluation of costs and benefits requires estimates and judgments by management. All internal control evaluations occur within the above framework. We believe that the City's internal accounting controls adequately safeguard assets and provide reasonable assurance of proper recording of financial transactions.

ELECTRIC FUND TRANSFER POLICY Because of the major impact that this revenue source could have on the General Fund, and therefore, the tax rate, special comment is warranted on the Electric Fund. On February 1, 1996, the High Point City Council adopted an Electric Fund Transfer Policy, which restricts the amount of funds which can be transferred to the General Fund from the Electric Fund. The policy provisions are summarized below: ♦ Whereas the City Council desires to preserve the financial integrity of the Electric Fund and to reduce the General Fund’s dependence on Electric Fund transfers… ♦ Whereas if electric services had been provided by an investor-owned utility instead of the city’s Electric Fund, such utility would have paid municipal ad valorem taxes to the General Fund of the City and would have been entitled to a return on investment; ♦ Therefore, be it resolved by the City Council, that the following policy regarding payments in lieu of taxes and operating transfers from the Electric Fund be adopted: 1.

The City shall budget annually a payment in lieu of taxes amount from the Electric Fund to the General Fund that approximates the amount of ad valorem taxes that would have been paid had electric services been provided by an investor-owned utility.

2. Operating Transfers: The City may budget an operating transfer from the Electric Fund to the General Fund not to exceed 3% of the gross fixed assets of the Electric Fund as reported in the City’s most recent audited financial statements. The transfer to the General Fund was eliminated in FY 2000-2001. The FY 2026-2027 Adopted Budget does not include a transfer from the Electric Fund. The amount budgeted for Payment in Lieu of Taxes from the Electric Fund to the General Fund for FY 2026-2027 is $1,139,221.

BASIS OF BUDGETING AND BUDGET STRUCTURE Basis of Budgeting The City’s budget is developed on a modified accrual basis for all funds, which means that obligations of the City are budgeted as expenditures, but revenues are recognized only when they are measurable and available. Available means that the funds are collectible within sixty days of the fiscal year-end. The Local Government Budget and Fiscal Control Act requires that the budget ordinance be balanced. North Carolina General Statute 159-8(a) states: Each local government and public authority shall operate under an annual balanced budget ordinance....A budget ordinance is balanced when the sum of estimated net revenues and appropriated fund balance is equal to appropriations. Appropriations are exclusively limited to cash and cash equivalents less current claims against that cash. The statutory formula is cash and investments minus the sum of liabilities, encumbrances, and deferred revenues arising from cash receipts. The Annual Budget authorizes and provides the basis for the City's financial management. The adopted appropriations constitute the maximum expenditure authorization during the fiscal year and can only be amended by action of the City Council. Budget Structure The City's budget is divided into funds. An annual budget is adopted for the General, Special Revenue, Debt Service, General Capital Projects, Enterprise, and Central Service Funds. (These are illustrated in the “Budgetary Fund Structure” chart and further defined in the “Description of Budgeted Funds” on the following two pages.) Within each fund are the separate departments with various activity budgets. The Annual Budget is adopted at the department level. Budgetary Control Beginning with the budget for fiscal year 2016-2017, a new budget software system was implemented. Questica is a web-based application that provides entities with the functions and features necessary to gain visibility into their financials and control their operating budgets. The program ensures the budgeting cycle runs smoothly and securely for users. The product also includes a Salary and Position Planning module, a Capital Improvement Planning module, and a Performance Management module. The implementation of this software has eliminated the need for the Budget and Evaluation Department to push spreadsheets out to departments for budget preparation. Departments enter budget requests directly into the budget system and can generate individual reports at the fund, department, and accounting unit levels. The system will also allow many “what if” scenarios to be tested. All preparation of the budget up to adoption is done in the Questica software. The budget system is solely a system for preparing and balancing the budget. The budget is uploaded into the Workday ERP system following adoption.

Financial Management System The financial system implemented in fiscal year 2025-2026 by the City of High Point is Workday and it provides for fiscal management, among other functions. The General Ledger acts as the heart of the financial management system. The General Ledger function interfaces with other Workday functions such as Purchasing and Accounts Payable, each of which feed into the General Ledger. The Workday budget check override task allows for excellent budgetary control at the department or cost center level. This functionality checks for available funds before new commitments and encumbrances are released by the system.

BUDGETARY FUND STRUCTURE PROPRIETARY

GOVERNMENTAL GROUP

GROUP

General Fund

Internal Service Funds

•General Government •Public Safety •Public Services •Planning & Community Development •Cultural & Recreation

•Central Service Funds •Print Shop •Radio Repair •Computer Replacement •Fleet Maintenance •Insurance Reserve •General Risk Retention

Economic Development Enterprise Funds •Water Resources Fund •Electric Fund •Mass Transit Fund •Parking Fund •Solid Waste Fund •Stormwater Fund

Special Revenue •Special Grants •Community Development •Showroom and Occupancy Tax

Debt Service •General Debt Service

Legend: Fund Group Level: Fund Level: Below Fund Level:

Capital Projects

Gray Blue Red

•General Capital Projects

The City’s budget is developed on a modified accrual basis for all funds, which means that obligations of the City are budgeted as expenditures, but revenues are recognized only when they are measurable and available. As in the basis of budgeting, accounting records for the City of High Point governmental funds are maintained on a modified accrual basis with the revenues being recorded when available and measurable and expenditures being recorded

when the services or goods are received, and the liabilities are incurred. In contrast to the basis of budgeting, accounting records for proprietary funds are maintained on an accrual basis in which revenues are recognized when earned and expenses are recognized when incurred.

DESCRIPTION OF BUDGETED FUNDS The City of High Point budget consists of two basic fund types: Governmental Funds and Proprietary Funds GOVERNMENTAL FUNDS The measurement focus of governmental funds is upon determination of financial position and changes in financial position rather than upon net income. General Fund The General Fund is used to account for general government operations of the City, which are financed through taxes or other general revenues, contributions, reimbursements, or transfers from other funds. The General Fund accounts for all financial transactions not required to be accounted for in another fund. The Economic Development Fund is used to account for funds appropriated for investment incentives to aid in attracting investors to the City. Special Revenue Funds  Special Grants is used to account for revenues received from federal, state, and local sources or groups designated for expenditure on particular programs and projects. These programs and projects are usually non-recurring in nature and of short duration.  Community Development is used to account for revenues and expenses derived from the Community Development Block Grant entitlements to the City.  Showroom and Occupancy Tax is used to account for revenues from the occupancy tax on hotels and rental properties and the showroom privilege license tax. The revenues are primarily passed on to Visit High Point and the High Point Market Authority for tourism and furniture market promotion and administration. General Debt Service Fund The General Debt Service Fund is used to account for the accumulation of resources for and the payment of general long-term debt, principal and interest for bonded indebtedness incurred for the financing of projects associated with General Fund activities. (Debt service for enterprise funds is accounted for in those funds.) General Capital Projects Fund The General Capital Projects Fund is used to account for the acquisition or construction of major capital facilities, equipment, and improvements other than those financed by the enterprise funds.

PROPRIETARY FUNDS The measurement focus of proprietary funds is upon determination of operating income, changes in net assets, financial position and cash flows. Use is required for operations for which a fee is charged to external users. Internal Services Funds  The Central Services Fund is used to provide centralized services such as radio, computer, and fleet services on a cost-reimbursement basis that provides the revenue to support the Central Services Fund.  Insurance Reserve Fund is used to account for revenues and expenses for Health, Dental, Life Insurance, and Worker’s Compensation.  General Risk Retention Fund is used to accumulate claim reserves and to pay claims and administrative fees for general and auto liability claims in the City’s self-funded risk program. Enterprise Funds  Water Resources Fund is an enterprise fund used to account for the provision of water and sewer services to the residents of the City and some county residents. It includes all operating, debt service, and capital improvements associated with providing water and sewer services.  Electric Fund is an enterprise fund used to account for the provision of electric service to the residents of the City. It includes all operating, debt service, and capital improvements associated with providing electric service.  Mass Transit Fund is an enterprise fund used to account for the operation and maintenance of the City’s public transportation system, High Point Transit System.  Parking Fund is an enterprise fund used to account for the operation and maintenance of the City’s various parking facilities. It includes all operating, debt service, and capital improvements for the parking facilities.  Solid Waste Fund is an enterprise fund used to account for the operation and maintenance of the City’s landfill, municipal recycling facility and garbage collection. It includes all operating, debt service, and capital improvements for the landfill and recycling facilities.  Stormwater Fund is an enterprise fund used to account for the operation and maintenance of the stormwater program, which manages stormwater runoff, bank stabilization, and maintenance of retention lakes and ponds. All expenses including debt service and capital improvements for the stormwater operation are included in this fund.

FISCAL POLICY GUIDELINES The City of High Point’s Fiscal Policy Guidelines were originally adopted April 3, 2006, and were most recently revised on June 1, 2021. The Guidelines consist of six sections: Objectives, Capital Improvement Budget Policies, Debt Policies, Reserve Policies, Budget Development Policies, and Cash Management and Investment Policies. OBJECTIVES This fiscal policy is a statement of the guidelines and goals that will influence and guide the financial management practice of the City of High Point, North Carolina. A fiscal policy that is adopted, adhered to, and regularly reviewed is recognized as the cornerstone of sound financial management. Effective fiscal policy: • Contributes significantly to the City's ability to insulate itself from fiscal crisis, • Enhances short-term and long-term financial credit ability by helping to achieve the highest credit and bond ratings possible, • Promotes long-term financial stability by establishing clear and consistent guidelines, • Directs attention to the total financial picture of the City rather than single issue areas, • Promotes the view of linking long-run financial planning with day-to-day operations, and • Provides the City Council, citizens, and the City’s professional management a framework for measuring the fiscal impact of government services against established fiscal parameters and guidelines. To these ends, the following fiscal policy statements are presented. CAPITAL IMPROVEMENT BUDGET POLICIES 1. The City will prioritize all capital improvements in accordance with an adopted capital improvement program. 2. The City will develop a five-year plan for capital improvements and review and update the plan annually. The City utilizes a weighted ranking system based on five critical factors to recommend projects to the capital improvement program. Additional projects can be added to the CIP without ranking, but funding for projects added in this manner is subjected to normal operating budget constraints. 3. The City will enact an annual capital budget based on the five-year capital improvement plan. Future capital expenditures necessitated by changes in population, changes in real estate development, or changes in economic base will be calculated and included in capital budget projections. 4. The City will coordinate development of the capital improvement budget with development of the operating budget. Future operating costs associated with new capital improvements will be projected and included in operating budget forecasts.

5. The City will use intergovernmental assistance to finance only those capital improvements that are consistent with the capital improvement plan and City priorities, and whose operating and maintenance costs have been included in operating budget forecasts. 6. The City will maintain all its assets at a level adequate to protect the City's capital investment and to minimize future maintenance and replacement costs. 7. The City will project its equipment replacement and maintenance needs for the next several years and will update this projection each year. From this projection, a maintenance and replacement schedule will be developed and followed. 8. The City will identify the estimated costs and potential funding sources for each capital project proposal before it is submitted for approval. 9. The City will attempt to determine the least costly and most flexible financing method for all new projects. DEBT POLICIES General 1. The City will confine long-term borrowing to capital improvement or projects that cannot be financed from current revenues except where approved justification is provided. 2. The City will utilize a balanced approach to capital funding utilizing debt financing, draws on capital reserves and/or fund balances in excess of policy targets, and current year (pay-asyou-go) appropriations. 3. When the City finances capital improvements or other projects by issuing bonds, or entering into capital leases, it will repay the debt within a period not to exceed the expected useful life of the project. Target debt ratios will be annually calculated and included in the review of financial trends. 4. Where feasible, the City will explore the usage of special assessment, revenue, or other selfsupporting bonds instead of general obligation bonds. 5. The City will retire tax anticipation debt, if any, annually and will retire bond anticipation debt within six months after completion of the project. Tax Supported Debt 1. Net debt as a percentage of total assessed value of taxable property should not exceed 2.5%. Net debt is defined as any and all debt that is tax-supported. 2. The ratio of debt service expenditures as a percent of total governmental fund expenditures should not exceed 15% with an aggregate ten-year principal payout ratio target of 60% or better. 3. The City recognizes the importance of underlying and overlapping debt in analyzing financial condition. The City will regularly analyze total indebtedness including underlying and overlapping debt. 4. The City will target a minimum amount of equity funding of 10% of the capital improvement plan on a five-year rolling average.

RESERVE POLICIES 1. The City will establish an emergency reserve to pay for needs caused by unforeseen emergencies, including unanticipated expenditures of a nonrecurring nature, or to meet unexpected small increases in service delivery costs. This contingency reserve will be budgeted at not less than 0.5% of the operating funds. 2. Unreserved, Undesignated Fund Balances will mean funds that remain available for appropriation by the City Council after all commitments for future expenditures, required reserves defined by State statutes, and previous Council designations have been calculated. The City will define these remaining amounts as “available fund balances.” 3. Available fund balances at the close of each fiscal year should be at least 10% of the Total Annual Operating Budget of the City. 4. The City Council may, from time-to-time, appropriate fund balances that will reduce available fund balances below the 10% policy for the purposes of a declared fiscal emergency or other such global purpose as to protect the long-term fiscal security of the City of High Point. In such circumstances, the Council will adopt a plan to restore the available fund balances to the policy level within 36 months from the date of the appropriation. If restoration cannot be accomplished within such time period without severe hardship to the City, then the Council will establish a different but appropriate time period. 5. The City has adopted a comprehensive strategy for the long-term stability and financial health of the Combined Water and Sewer Fund that provides for annual increases in fund reserves to an established goal of 50% of the Water and Sewer Fund operating budget. 6. The City Council has adopted a strategy to stabilize retail electric utility rates for the benefit of users of the Electric Utility Operations Fund by creating a Rate Stabilization Reserve. The Reserve was funded by the cumulative disparity between wholesale purchased power rates and the City’s adopted retail rate between FY 2016 and FY 2020 in addition to a working capital credit from NCMPA1. Staff will recommend appropriating a portion of the reserve on an annual basis to mitigate future rate increases. BUDGET DEVELOPMENT POLICIES 1. The City will develop the Annual Budget in conjunction with a stated program of performance objectives and measures with which to gauge progress toward meeting those objectives. 2. Water, sewer, and electric rates will be established at the appropriate level to enable the related funds to be self-supporting. In addition, water and sewer rates will be established to maintain compliance with revenue bond covenants. 3. One-time or other special revenues will not be used to finance continuing City operations but instead will be used for funding special projects. 4. The City will pursue an aggressive policy seeking the collection of delinquent utility, license, permit and other fees due to the City.

CASH MANAGEMENT & INVESTMENT POLICIES 1. It is the intent of the City that public funds will be invested to the extent possible to reduce the need for property tax and utility revenues. Funds will be invested with the chief objectives of safety of principal, liquidity, and yield, in that order. All deposits and investments of City funds will be in accordance with N.C.G.S. 159. 2. The Financial Services Director will establish a Cash Management Program that will be conducted in such a manner as to ensure that adequate funds will always be available to meet the City’s financial obligations and to provide the maximum amount of funds available for investment at all times. The Program shall comprehensively address at a minimum; Accounts Receivable/Billings, Accounts Payable, Receipts, Disbursements, Deposits, Payroll, Special Appropriations and Debt Service Payments. 3. The City will use a Central Depository to maximize the availability and mobility of cash for all funds that can be legally and practically combined. 4. All security transactions, including collateral for repurchase agreements, entered into by the city shall be conducted on a delivery-versus-payment (DVP) basis. Securities will be listed in the City’s name if issued only in book entry form or held by a third-party custodian and evidenced by safekeeping receipts. Certificated investments will be held by the Financial Services Director in the name of the City. 5. Investments of the City will be diversified to eliminate the risk of loss as a result of over concentration of securities in a specific issuer, class of securities, or maturity sector.

SUMMARIES & ANALYSIS

The Summaries/Analysis section contains charts, graphs, summary tables, and discussions of the City's revenues and expenses for fiscal year 2026-2027 with historical data for comparison purposes.

The Consolidated Summary of Revenues and Expenditures that begins this section is a summary of total revenues and expenses by fund by major revenue and expense category. Following this summary, the section is divided into revenue and expense information, personnel summaries, and outstanding debt information.

2026-2027 SUMMARY OF REVENUES, EXPENDITURES & ESTIMATED FUND BALANCES GENERAL FUND

WATER RESOURCES FUND

ELECTRIC FUND

MASS TRANSIT FUND

PARKING FUND

$30,812,332

$47,225,429

$104,060,831

$2,254,086

$634,003

Fund Balance

$357,682

Property Tax

101,239,069

Sales & Use Taxes

42,066,145

Intergovernmental

12,197,761

400,955

Licenses & permits

4,691,475

390,000

Charges for services

6,830,710

77,925,260

125,253,100

3,566,184

505,000

Miscellaneous

7,015,317

2,379,240

1,514,421

25,000

221,658

$174,040,477

$80,304,500

$126,989,179

$4,357,139

$887,682

$2,307,408

$175,000

$174,040,477

$80,304,500

$126,989,179

$6,664,547

$1,062,682

$119,667,767

$16,153,893

$17,230,204

$4,566,489

$355,534

Operating Expenses

30,155,376

20,884,770

86,696,816

2,098,058

257,148

Capital Outlay

5,576,968

105,000

3,656,000

Debt Service

2,915,726

17,806,360

117,379

10,711,200

7,616,769

300,000

450,000

$158,433,216

$65,961,223

$115,649,789

$6,664,547

$612,682

Interfund Transfers

$15,607,261

$14,343,277

$11,339,390

$450,000

Net Expense Estimated Fund Balances June 30, 2027

$174,040,477

$80,304,500

$126,989,179

$6,664,547

$1,062,682

$30,812,332

$47,225,429

$104,060,831

$2,254,086

$276,321

Fund Balance July 1, 2026 Revenue

Reimbursements Total Revenue Interfund Transfers Net Revenue Expense Personnel

Pay-go Capital Reimbursements Contingency Total Expense

2026-2027 SUMMARY OF REVENUES, EXPENDITURES & ESTIMATED FUND BALANCES, Continued SOLID WASTE FUND

STORMWATER FUND

SPECIAL REVENUE

OTHER FUNDS

TOTAL ALL FUNDS

$3,831,844

$5,776,608

$16,400,046

$210,995,179

Fund Balance

$503,860

$968,708

$2,943,568

$4,773,818

Property Tax

4,878,043

106,117,112

Sales & Use Taxes

90,000

3,275,000

45,431,145

Intergovernmental

7,888,608

176,000

20,663,324

Licenses & permits

1,750,000

6,831,475

Fund Balance July 1, 2026 Revenue

Charges for services

21,149,460

6,696,390

41,591,243

283,517,347

Miscellaneous &

201,500

200,000

552,000

9,423,913

21,311,391

Reimbursements

221,658

$21,944,820

$7,865,098

$13,465,608

$59,012,767

$488,867,270

$1,770,456

$39,073,524

$43,326,388

$21,944,820

$7,865,098

$15,236,064

$98,086,291

$532,193,658

Personnel Services

$8,797,578

$1,919,719

$2,446,065

$28,265,685

$199,402,934

Operating Expenses

11,027,856

2,626,762

12,539,999

17,736,985

184,023,770

Capital Outlay

5,395,254

14,733,222

Debt Service

719,434

15,276,516

36,718,036

Pay-go Capital

30,197,528

1,983,032

1,520,077

1,043,323

22,991,780

750,000

$21,808,466

$6,785,992

$14,986,064

$97,915,291

$488,817,270

Interfund Transfers

$136,354

$1,079,106

$250,000

$171,000

$43,376,388

Net Expense Estimated Fund Balances June 30, 2027

$21,944,820

$7,865,098

$15,236,064

$99,086,291

$532,193,658

$3,327,984

$4,807,900

$13,456,478

$206,221,361

Total Revenue Interfund Transfers Net Revenue Expense

Reimbursements Contingency Total Expense

TOTAL GOVERNMENT SPENDING BY FUNCTION Fiscal Year

General Government

Public Safety

Public Services

Cultural & Recreation

Gen. Debt Service

Percent Change

Total

2016

20,720,943

49,384,806

14,388,862

19,526,652

9,473,311

80,023,517 113,494,574

2017

22,280,382

50,213,647

13,952,788

24,915,589

9,831,397

121,193,803

2018

30,293,885

53,167,743

17,359,525

43,824,221

8,670,500

153,315,874

27%

2019

29,129,832

56,755,318

16,481,731

53,386,599

9,657,959

165,411,439

2020

25,628,860

64,436,699

10,036,451

22,665,973

10,903,364

133,671,347

-19%

2021

25,879,451

69,022,088

11,604,243

24,944,609

11,139,931

142,590,322

2022

27,817,184

59,439,257

12,592,718

40,881,941

13,047,991

153,779,091

2023

35,341,992

62,466,253

16,078,753

32,428,613

16,011,900

162,327,511

2024

45,848,948

72,118,077

20,905,770

35,240,959

18,478,586

192,592,340

18%

2025

38,914,157

73,440,698

20,337,101

28,301,580

17,770,780

178,764,316

-7%

Includes General, Special Revenue, Capital Projects, and Debt Service Funds; excludes Other Financing Uses

Source: The above statistics are from the City of High Point Annual Comprehensive Financial Report

Millions

Trends in Expenditures 200 180 160 140 120 100 80 60 40 20 0 2016

2017

General Government

2018 Public Safety

2019

2020

Public Services

2021

2022

Cultural & Recreation

2023

2024

2025

General Debt Service

TOTAL GOVERNMENT REVENUES BY SOURCE Fiscal Year

Taxes*

Sales & Services

Permits & Licenses

Intergovern mental

Misc.

Interest on Investments

Total

Percent Change

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

78,983,386 80,528,597 64,746,720 65,695,223 65,967,219 68,379,359 71,070,543 84,172,109 86,816,484 93,214,110

5,369,569 4,956,107 4,848,329 5,004,816 3,970,523 4,017,062 5,157,545 5,610,656 6,590,775 6,442,346

3,135,055 4,085,043 4,669,193 5,001,978 4,987,616 5,271,689 6,323,847 6,581,775 6,523,722 5,989,370

22,587,760 21,531,120 40,742,352 44,927,436 42,126,350 46,223,222 58,708,237 67,603,310 58,952,871 57,006,403

971,573 1,263,595 5,979,743 7,046,575 3,508,897 3,799,761 3,490,543 4,385,000 4,698,957 3,267,872

507,913 292,075 794,723 1,558,782 1,046,439 134,904 -1,310,395 2,081,620 5,218,865 4,740,427

111,555,256 112,656,537 121,781,060 129,234,810 121,607,044 127,825,997 143,440,320 170,434,470 168,801,674 170,660,528

2% 1% 8% 6% -6% 5% 12% 19% -1% 1%

*Includes Property Taxes, Sales and Use Taxes, and Occupancy Taxes. Except that starting in FY2018, sales and use taxes were captured in the Intergovernmental Revenues category. Includes General, Special Revenue, Capital Projects, and Debt Service Funds; excludes Other Financing Sources

Source: The above statistics are from the City of High Point Annual Comprehensive Financial Report

Millions

Trends in Revenues 180 160 140 120 100 80 60 40 20 0 2016

2017

2018

Taxes

Sales & Services

2019

2020

Permits & Licenses

2021

2022

Intergovernmental

2023

2024

Miscellaneous

2025

WHERE THE MUNICIPAL DOLLAR ORIGINATES All Funds Sales & Use Tax/ Licenses & Fees

Property Tax

19.9%

Utility Fees Property Tax Charges for Services Interfund Charges Intergovernmental Revenues Sales and Use Tax/Licenses and Fees Appropriated Fund Balance

3.9%

9.8%

38.2%

Utility Fees

Intergovernmental Revenues

8.2%

19.1%

Charges for Services

Interfund Charges

0.9%

Appropriated Fund Balance

Electric Fees, Water and Sewer Fees General Fund Property Tax, Debt Service Property Tax Charges for Services from General, Central Services, Transit, Parking, Solid Waste and Stormwater Funds, and Miscellaneous Revenues Other Financing Sources Revenues from Federal, State and other Local jurisdictions Sales Tax, Vehicle Tax, Room Occupancy Tax, Licenses, Permits, Inspections, Library Fines, and other Miscellaneous Fees Fund Balances

ESTIMATED CHANGES IN FUND BALANCES Fund Balance represents the excess of a fund's assets and revenues over its liabilities, reserves, and expenditures at the close of the fiscal year. The High Point City Council-adopted Fiscal Policies maintain minimum fund balances at 10% of estimated expenditures as a signal of financial strength and fiscal stability. The City of High Point applies the policy to all operating funds except the Economic Development, General Debt, and General Capital Project funds as they are covered by more specific strategic plans. A summary of fund balances and estimated changes therein are shown below: CITY OF HIGH POINT FUND BALANCE AVAILABLE FOR APPROPRIATION

FUND GENERAL GENERAL DEBT ECONOMIC DEV. CENTRAL SERVICES WATER RESOURCES ELECTRIC ELECT. RATE STABIL. MASS TRANSIT PARKING SOLID WASTE STORMWATER TOTAL

ESTIMATED ESTIMATED FUND FY 2026-27 FUND RESERVE AMOUNT ABOVE ACTUAL BALANCE APPROPRIATED BALANCE BALANCE ADOPTED BALANCE % OF MINIMUM JUNE 30, 2025 JUNE 30, 2026 FY 2026-27 JUNE 30, 2027 POLICY EXPENDITURES MINIMUM EXPENDITURES FUND BALANCE 29,406,846 10,919,716 1,264,405 6,207,474 45,456,419 68,111,141 36,585,328 1,152,753 1,163,411 5,362,264 6,160,532 211,790,289

30,812,332 10,217,332 684,990 5,497,724 47,225,429 67,475,503 36,585,328 2,254,086 634,003 3,831,844 5,776,608 210,995,179

0 1,698,893 675,000 398,675 0 0 0 0 357,682 503,860 968,708 4,602,818

30,812,332 8,518,439 9,990 5,099,049 47,225,429 67,475,503 36,585,328 2,254,086 276,321 3,327,984 4,807,900 206,392,361

10% 50% n/a n/a 50% 10% n/a 10% 10% 10% 10%

174,040,477 17,404,048 14,739,600 7,369,800 1,500,000 n/a 49,813,831 n/a 80,304,500 40,152,250 126,989,179 12,698,918 0 0 6,664,547 666,455 1,062,682 106,268 21,944,820 2,194,482 7,865,098 786,510 484,924,734 81,378,730

17.7% 57.8% n/a n/a 58.8% 53.1% n/a 33.8% 26.0% 15.2% 61.1% 42.6%

13,408,284 1,148,639 n/a n/a 7,073,179 54,776,585 n/a 1,587,631 170,053 1,133,502 4,021,390 83,319,264

ANALYSIS OF REVENUE SOURCES FY 2025 Actual

FY 2026 Budget

FY 2027 Adopted

$ Change

Percent Change

GENERAL FUND Taxes Ad valorem taxes-current year Ad valorem taxes-prior years Penalty and interest Tax Rebates/discounts Registered Motor Vehicle Taxes Sales Taxes Utility Sales Tax Rental Vehicle Tax Total Taxes

$77,602,941 279,017 330,534 (297,076) 7,042,190 30,223,215 8,739,948 263,681 $124,184,450

$78,825,278 462,850 386,676 (392,080) 6,907,113 31,075,249 9,200,000 310,000 $126,775,086

$92,158,280 455,000 393,556 (352,700) 8,584,933 32,591,145 9,200,000 275,000 $143,305,214

$13,333,002 (7,850) 6,880 39,380 1,677,820 1,515,896 0 (35,000) $16,530,128

21.2% -1.7% 1.8% -10.0% -8.1% 4.9% 0.0% -11.3% 13.9%

Intergovernmental Revenues Utility franchise tax Beer and wine tax ABC Shared Revenue ABC mixed beverage tax Powell Bill Video Programming Fee Guilford County - Library County-Colfax/Deep River Fire Guilford County-SROs* Payment in lieu of Taxes-Electric Other intergovernmental revenues Total Intergovernmental Revenues

$321,935 467,457 1,838,219 210,765 3,956,624 662,692 603,448 468,465 710,855 986,578 1,440,965 $11,668,003

$289,000 564,000 2,258,000 215,000 3,956,624 698,028 609,483 445,000 699,465 1,035,692 1,386,981 $12,157,273

$305,000 500,000 2,100,000 215,000 3,883,202 598,028 671,539 445,000 699,465 1,139,221 1,641,306 $12,197,761

$16,000 (64,000) (158,000) 0 (73,422) (100,000) 62,056 0 0 103,529 254,325 $40,488

5.5% -11.3% -7.0% 0.0% -1.9% -14.3% 10.2% 0.0% 0.0% 10.0% 18.3% 0.3%

Licenses and Permits Privilege licenses Building Inspection permits Vehicle User Fee Library Fees Other licenses and fees Total Licenses and Permits

$64,275 1,325,350 2,063,896 8,759 786,394 $4,248,674

$70,000 2,029,000 2,065,000 7,500 594,975 $4,766,475

$70,000 1,954,000 2,065,000 7,500 594,975 $4,691,475

$0 (75,000) 0 0 0 ($75,000)

0.0% -3.7% 0.0% 0.0% 0.0% -1.6%

$4,748,054 2,152,165 $6,900,219

$4,367,020 2,233,498 $6,600,518

$4,558,520 2,272,190 $6,830,710

$191,500 38,692 $230,192

4.4% 1.7% 3.5%

Charges for Services Recreation programs Other services Total Charges for Services *School Resource Officers (SROs)

ANALYSIS OF REVENUE SOURCES, cont.

FY 2025 Actual

FY 2026 Budget

FY 2027 Adopted

$ Change

Percent Change

$3,696,821 $678,143 $2,085,562 $0 $153,461,872

$2,528,905 $657,567 $0 $50,000 $153,535,824

$2,200,000 $715,317 $4,100,000 $0 $174,040,477

($328,905) $57,750 $4,100,000 ($50,000) $20,504,653

-13.0% 8.8% 0.0% -100.0% 13.4%

SPECIAL GRANTS FUND Local, State, Federal Grants Business License Room Occupancy Tax Community Development Block Grant Interfund Transfers Total Special Grants Fund Revenue

$5,134,747 $1,740,696 $3,317,273 1,747,863 1,243,572 $13,184,151

$7,702,706 1,700,000 3,375,000 2,358,000 1,297,320 $16,433,026

$6,103,608 1,750,000 3,275,000 2,337,000 1,770,456 $15,236,064

($1,599,098) 50,000 (100,000) (21,000) 473,136 ($1,196,962)

-20.8% 2.9% -3.0% -0.9% 36.5% -7.3%

ECONOMIC DEV. INCENTIVE FUND Net Economic Development Fund Interfund Transfers Total Economic Dev. Incentive Fund

$52,848 475,000 $527,848

$1,025,000 475,000 $1,500,000

$700,000 800,000 $1,500,000

($325,000) 325,000 $0

-31.7% 68.4% 0.0%

INSURANCE RESERVE FUND

$24,323,928

$25,878,646

$27,963,542

$2,084,896

8.1%

GENERAL RISK RETENTION FUND

$3,966,743

0.0%

GENERAL DEBT SERVICE FUND Net General Debt Service Fund Interfund Transfers Total General Debt Service Fund

$7,095,345 6,533,563 $13,628,908

$7,086,232 6,616,900 $13,703,132

$7,976,936 6,762,664 $14,739,600

$890,704 1,145,764 $2,036,468

12.6% 2.2% 7.6%

GENERAL CAPITAL PROJ FUND Net General Capital Projects Fund Interfund Transfers Total General Capital Projects Fund

$978,460 5,265,208 $6,243,668

$228,000 3,900,323 $4,128,323

$275,000 5,583,510 $5,858,510

$47,000 1,683,187 $1,730,187

20.6% 43.2% 41.9%

GENERAL BOND PROJ FUND Net General Bond Projects Fund Interfund Transfers Total General Bond Projects Fund

$6,950,000 600,000 $7,550,000

$500,000 600,000 $1,100,000

$0 600,000 $600,000

($500,000) 0 ($500,000)

-100.0% 0.0% -45.5%

CENTRAL SERVICES FUND

$24,133,303

$20,957,900

$21,850,289

$892,389

4.3%

Interest Income Miscellaneous Revenues Debt Proceeds Fund Balance Appropriated Total General Fund Revenues

ANALYSIS OF REVENUE SOURCES, cont.

FY 2025 Actual

FY 2026 Budget

FY 2027 Adopted

$ Change

Percent Change

$40,890,496 520,376 2,911,403 16,256,527 2,470,132 5,027,093 34,265,651

$46,936,100 630,730 3,276,840 18,472,010 3,162,070 5,447,510 2,379,240 $80,304,500

$3,201,100 70,730 70,840 660,010 659,070 (166,990) 29,732 $4,524,492

7.3% 12.6% 2.2% 3.7% 26.3% -3.0% 1.3% 6.0%

WATER RESOURCES FUND Residential Sales City Sales Industrial Sales Commercial Sales Irrigation Sales Other Charges for Services Miscellaneous & Other Revenues Total Water Resources Fund

$102,341,678

$43,735,000 560,000 3,206,000 17,812,000 2,503,000 5,614,500 2,349,508 $75,780,008

WATER RESOURCES CAPITAL FUND

$49,632,136

$12,988,489

$14,065,000

$1,076,511

8.3%

ELECTRIC FUND Residential Sales Industrial Sales Commercial Sales Other Services Intergovernmental Interest on Investments Miscellaneous Retained Earnings Appropriated Total Electric Fund Revenue

$46,727,373 11,964,829 53,592,080 10,648,293 446,319 7,148,905 24,224,998 0 $154,752,797

$47,000,000 15,000,000 52,900,000 10,810,844 0 1,500,000 0 9,338,517 $136,549,361

$47,000,000 15,000,000 52,900,000 10,589,179 0 1,500,000 0 0 $126,989,179

$0 0 0 (221,665) 0 0 0 (9,338,517) ($9,560,182)

0.0% 0.0% 0.0% -2.1% 0.0% 0.0% 0.0% -100.0% -7.0%

ELECTRIC CAPITAL FUND

$34,749,460

$21,417,500

$9,397,350

($12,020,150)

-56.1%

$357,266 6,284,134 413,574 186,090 $7,241,064

$367,500 3,638,412 390,000 10,000 $4,405,912

$367,500 3,599,639 390,000 0 $4,357,139

$0 (38,773) 0 (10,000)

0.0% -1.1% 0.0% -100.0%

$1,815,955 $9,057,019

$1,765,888 $6,171,800

$2,307,408 $6,664,547

($48,773) $541,520

-1.1% 30.7%

$492,747

8.0%

MASS TRANSIT CAPITAL FUND

$395,607

$645,800

$220,000

($425,800)

-65.9%

PARKING FUND Fees Interest on Investments Retained Earnings Appropriated Total Net Parking Fund Revenue

$474,974 39,745 0 $514,719

$458,500 32,731 600,000 $1,091,231

$505,000 25,000 357,682 $887,682

$46,500 (7,731) (242,318) ($203,549)

10.1% -23.6% -40.4% -18.7%

MASS TRANSIT FUND Operating Receipts Intergovernmental revenues Licenses & Permits Miscellaneous & Other Revenues Total Net Mass Transit Fund Revenue Interfund Transfers Total Mass Transit Fund

ANALYSIS OF REVENUE SOURCES, cont.

Interfund Transfers Total Parking Fund Revenue

FY 2025 Actual $165,000 $679,719

FY 2026 Budget $175,000 $1,266,231

FY 2027 Adopted $175,000 $1,062,682

$ Change $0 ($203,549)

Percent Change 0.0% -16.1%

PARKING CAPITAL FUND

$76,000

$675,000

$450,000

($225,000)

-33.3%

$6,392,322 3,184,615 8,175,226 814,041 181,571 90,228 134,890 0

$7,200,000 3,788,150 8,261,450 750,000 225,000 90,000 47,050 3,470,292

$7,175,000 3,817,260 9,361,650 750,000 200,000 90,000 47,050 503,860

$18,972,893 $4,712,255 $23,685,148

$23,831,942 $0 $23,831,942

$21,944,820 $0 $21,944,820

($25,000) 29,110 1,100,200 0 (25,000) 0 0 (2,966,432) ($1,887,122) $0 ($1,887,122)

-0.3% 0.8% 13.3% 0.0% -11.1% 0.0% 0.0% -85.5% -7.9% 0.0% -7.9%

SOLID WASTE CAPITAL FUND

$731,000

$7,021,000

$221,000

($6,800,000)

-96.9%

SOLID WASTE LANDFILL CLOSURE FUND

$753,579

$5,871,000

$171,000

($5,700,000)

-97.1%

STORMWATER FUND Stormwater Fees Interest on Investments Other Fees Retained Earnings Appropriated Total Net Stormwater Fund Revenue Interfund Transfers Total Stormwater Fund Revenue

$6,643,666 456,513 13,472 0 $7,113,651 $0

$6,654,135 225,000 5,000 755,111 $7,639,246 $0

$6,691,390 200,000 5,000 968,708 $7,865,098 $0

$37,255 (25,000) 0 213,597

0.6% -11.1% 0.0% 28.3%

$225,852 $0

3.0% 0.0%

$7,113,651

$7,639,246

$7,865,098

$225,852

3.0%

STORMWATER CAPITAL FUND

$4,472,767

$950,000

$1,050,000

$100,000

10.5%

$635,460,982

$538,044,228

$532,193,658

($5,850,570)

-1.1%

SOLID WASTE FUND Tipping Fees Landfill User Fee Environmental Services Pick Up Fee Recycling Sales Interest on Investments Landfill State Excise Tax Miscellaneous Revenues Retained Earnings Appropriated Total Net Solid Waste Fund Revenue Interfund Transfers Total Solid Waste Fund Revenue

TOTAL REVENUE

TAX VALUES, RATES AND COLLECTIONS City of High Point Assessed Value History Fiscal Year 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 (est) 2027 (est)

REAL PROPERTY Residential Property

4,315,429,943 4,397,388,367 4,349,667,380 4,429,691,766 4,581,596,716 4,617,512,541 4,682,399,768 4,654,184,818 4,881,023,097 6,389,096,783 6,518,444,094 6,588,244,096 6,747,752,184 6,855,596,297

Commercial

Property

2,149,860,980 1,872,215,206 2,014,352,593 1,942,245,655 2,093,081,705 2,073,676,161 2,160,965,902 2,399,151,079 2,316,281,493 2,799,898,775 2,974,587,967 3,058,066,092 3,079,229,056 3,128,441,996

Industrial Property

969,318,600 977,839,178 914,694,134 993,448,540 1,036,916,309 1,111,145,808 1,076,074,949 1,152,797,572 1,195,301,312 1,587,482,801 1,569,620,769 1,591,844,675 1,624,837,434 1,650,805,956

Total

7,434,609,523 7,247,442,751 7,278,714,107 7,365,385,961 7,711,594,730 7,802,334,510 7,919,440,619 8,206,133,469 8,392,605,902 10,776,478,359 11,062,652,830 11,238,155,673 11,451,818,674 11,634,844,249

Personal Property

1,489,840,190 1,555,428,785 1,587,787,369 1,674,065,813 1,724,751,200 1,774,628,867 1,765,251,099 1,853,256,085 1,914,514,749 2,144,255,909 2,255,957,167 2,386,998,229 2,547,956,599 2,660,392,642

Public Service Total Assessed % Inc Companies Value yr/yr 128,387,727 126,857,380 140,281,138 141,688,783 144,885,945 142,350,789 146,722,026 145,822,173 119,329,377 148,765,393 161,013,089 183,996,986 193,576,808 193,587,784

9,052,837,440 8,929,728,916 9,006,782,614 9,181,140,557 9,581,231,875 9,719,314,166 9,831,413,744 10,205,211,727 10,426,450,028 13,069,499,661 13,479,623,086 13,809,150,888 14,193,352,081 14,488,824,675

1.9% -1.4% 0.9% 1.9% 4.4% 1.4% 1.2% 3.8% 2.2% 25.3% 3.1% 2.4% 2.8% 2.1%

Ten Largest Taxpayers - Fiscal Year Ending June 2025

Name International Market Centers, LP (IHFC) BCORE Affiliates EBSCO Income Properties Amada Thomas Built Buses/Daimler Trucks Blue Ridge Companies The Carroll Companies Peters Development Group Ralph Lauren Corporation (Polo) Carolina Investment Properties

Nature of Business Home Furnishings Showroom Real Estate Real Estate Manufacturing Bus Manufacturing Real Estate Real Estate Real Estate Clothing Real Estate

Assessed Value $420,075,234 173,728,300 95,807,332 86,189,775 85,128,689 81,988,345 80,166,141 78,755,123 63,166,202 60,188,201 $1,225,193,342

% of Total Assessed Value 3.04% 1.26% 0.69% 0.62% 0.62% 0.59% 0.58% 0.57% 0.46% 0.44% 8.87%

WHERE THE MUNICIPAL DOLLAR GOES All Funds Public Safety

Recreation/Culture/ Neighborhoods

17.8%

Electric

Electric Public Safety Recreation/Culture/ Neighborhoods General Government Transportation Debt Service/ Other/Transfers Environmental Health Capital

7.1%

General Government

Environmental Health

20.8%

4.1%

7.0%

23.9%

Transportation

13.3%

Debt Service/ Other/Transfers

6.0%

Capital

Electric Fund Communications Center, Police, Fire, Building Inspections, Local Code Enforcement Parks & Recreation, Library, Theatre, Outside Non-Profit Organizations, Planning & Development, Economic Development, Community Development Governing Body, City Management, City Attorney, Budget and Evaluation, Communication & Public Engagement, Engineering, Information Technology Services, Human Resources, Financial Services, Special Appropriations Transportation, Street Maintenance, Transit, Parking Reimbursement, Contingency, Debt Service, Internal Service Funds, Special Grants Fund, Showroom & Occupancy Tax Fund, General Risk Fund Water Resources, Solid Waste, Stormwater, Public Services except Street Maintenance Capital Projects

ANALYSIS OF EXPENDITURES

FY 2025 Actual

FY 2026 Budget

FY 2027 Adopted

$ Change

% Budget Change

City Clerk

$525,998 317,953

$620,799 247,073

$647,978 277,102

$27,179 30,029

4.4% 12.2%

Total Governing Body

$843,951

$867,872

$925,080

$57,208

6.6%

$1,310,794 0

$1,464,605 0

$1,566,691 253,816

$102,086 253,816

7.0% 0.0%

77,864

84,401

83,369

(1,032)

-1.2%

$1,388,658

$1,549,006

$1,903,876

$354,870

22.9%

$584,912

$656,137

$740,475

$84,338

12.9%

$1,425,088

$1,857,710

$1,954,276

$96,566

5.2%

Communications & Public Engagement (CPE) $215,160 Administration 828,095 Marketing

$220,555 627,041

$234,611 653,501

$14,056 26,460

6.4% 4.2%

251,059 262,577

342,669 288,124

393,377 269,822

50,708 (18,302)

14.8% -6.4%

$1,556,891

$1,478,389

$1,551,311

$72,922

4.9%

$444,090

$544,387

$627,757

$83,370

15.3%

GENERAL FUND Governing Body City Council

City Management City Manager Shared-Use Kitchen Operations Joblink-Idol Street Bldg. Total City Management Budget and Evaluation City Attorney

Human Relations Organizational Advancement Total CPE Economic Development Engineering Services

$2,174,841

$2,458,777

$3,086,138

$627,361

25.5%

2,032,546 62,085

$2,065,044 76,991

2,209,522 79,260

144,478 2,269

7.0% 2.9%

350,000

0.0%

$4,269,472

$4,600,812

$5,724,920

$1,124,108

24.4%

Info. Tech Services Admin Communications Center

$11,378,631

$12,427,081

$13,192,736

$765,655

6.2%

3,570,881

3,706,276

4,157,833

451,557

12.2%

Total Information Technology

$14,949,512

$16,133,357

$17,350,569

$1,217,212

7.5%

Safety and Health

$1,696,782 571,008

$1,708,960 629,538

$1,885,345 303,046

$176,385 (326,492)

10.3% -51.9%

Total Human Resources

$2,267,790

$2,338,498

$2,188,391

-$150,107

-6.4%

Engineering Services Facility Maintenance Depot Maintenance Stadium Maintenance Total Maintenance Operations Information Technology Services

Human Resources Administration

ANALYSIS OF EXPENDITURES, cont. FY 2025 Actual

FY 2026 Budget

FY 2027 Adopted

$ Change

% Budget Change

$816,648

$954,774

$893,530

($61,244)

-6.4%

567,005 620,093

559,170 705,445

597,621 739,680

38,451 34,235

6.9% 4.9%

585,334 0

691,571 0

733,124 696,029

41,553 696,029

6.0% 0.0%

$2,589,080

$2,910,960

$3,659,984

$749,024

25.7%

$1,821,949

$1,887,717

$613,941

32.5%

Investigations Police Facilities

9,807,688 488,256

12,203,190 359,163

$2,501,658 13,276,920

1,073,730 17,883

8.8% 5.0%

Patrol

18,387,885 6,289,171

17,866,041 7,074,754

1,580,637 317,910

8.8% 4.5%

3,094,687

3,445,798

$39,889,636

Financial Services Administration Accounting Financial Reporting Accounting Operations Purchasing Risk Management Total Financial Services Police Chief's Office

Support Services Community Engagement

377,046 19,446,678

1,373,481

39.9%

$42,836,663

7,392,664 4,819,279 $47,814,245

$4,977,582

11.6%

$4,571,689 27,827,000

$4,712,690 27,083,885

$4,978,214 33,526,924

$265,524 6,443,039

5.6% 23.8%

$32,398,689

$31,796,575

$38,505,138

$6,708,563

21.1%

$1,217,856 958,605

$1,349,547 1,019,996

$1,492,705 1,150,852

$143,158 130,856

10.6% 12.8%

884,451 489,533

888,980 543,250

951,758 569,568

62,778 26,318

7.1% 4.8%

$3,550,445

$3,801,773

$4,164,883

$363,110

9.6%

$556,037

$571,101

$581,261

$10,160

1.8%

Street Maintenance

330,503 7,350,313

425,791 9,519,725

542,177 9,786,086

116,386 266,361

27.3% 2.8%

Total Public Services

$8,236,853

$10,516,617

$10,909,524

$392,907

3.7%

$1,680,214

$1,713,071

$1,807,614

$94,543

5.5%

Total Police Fire Administration Suppression Total Fire Transportation Administration Traffic Signs and Markings Traffic Signals Computerized Signal System Total Transportation Public Services Administration Cemeteries

Planning

ANALYSIS OF EXPENDITURES, cont. FY 2025 Actual

FY 2026 Budget

FY 2027 Adopted

$ Change

% Budget Change

Development Services

$1,776,303 508,991

$2,133,150 621,547

$2,272,630 641,784

$139,480 20,237

6.5% 3.3%

Total Building Inspections

$2,285,294

$2,754,697

$2,914,414

$159,717

5.8%

$1,065,141 191,039

$1,207,593 206,000

$1,279,012 206,000

$71,419 0

5.9% 0.0%

Building Inspections Building Inspections

Community Dev. and Housing Community Dev. and Housing Tax Foreclosure Properties Local Code Enforcement Total Comm. Dev/Housing Parks and Recreation Administration Programs Special Facilities Parks Total Parks and Recreation

590,828

1,099,690

1,121,658

21,968

2.0%

$1,847,008

$2,513,283

$2,606,670

$93,387

3.7%

$2,187,081 3,145,932

$2,207,711 3,293,101

$1,723,410 3,519,229

($484,301) 226,128

-21.9% 6.9%

8,206,247 3,834,215

8,216,268 4,206,839

8,711,901 4,695,252

495,633 488,413

6.0% 11.6%

$17,373,475

$17,923,919

$18,649,792

$725,873

4.0%

$975,433

$1,012,164

$34,752

3.4%

349,388 518,310

380,999 534,616

$1,046,916 407,916

26,917 74,134

7.1% 13.9%

748,932 1,034,312

832,964 1,199,658

115,222 97,698

13.8% 8.1%

400,884 949,512

426,936 1,050,012

41,314 141,156

9.7% 13.4%

277,248 810,849

287,320 878,418

16,617 158,455

5.8% 18.0%

828,850

952,753

$6,893,718

Library Administration Technical Services Building Maintenance Children's Services Library Research Services Information Services Readers' Services Heritage Resource Center Lending Services Historical Museum Total Library

608,750 948,186 1,297,356 468,250 1,191,168 303,937

71,601

7.5%

$7,555,840

1,036,873 1,024,354 $8,333,706

$777,866

10.3%

$413,381

$429,694

$488,342

$58,648

13.6%

238,954 525,169

272,407 725,339

323,057 745,099

50,650 19,760

18.6% 2.7%

254,958

260,953

259,112

(1,841)

-0.7%

$1,432,462

$1,688,393

$1,815,610

$127,217

7.5%

($2,250,000)

0.0%

$2,940,382

$3,874,157

$5,014,099

$1,139,942

29.4%

Theatre Administration Box Office Technical Services Building Maintenance Total Theatre Salary Savings Adjustment Special Appropriations

ANALYSIS OF EXPENDITURES, cont.

Reimbursements/Redistribution General Contingency

FY 2025 Actual ($15,280,654)

FY 2026 Budget ($17,013,577)

FY 2027 Adopted ($18,596,497)

$ Change ($1,582,920)

% Budget Change 9.3%

0.0%

TOTAL NET GENERAL FUND Interfund Transfers

$133,566,966 $14,741,077

$140,648,539 $12,887,285

$158,315,837 $15,724,640

$17,667,298 $2,837,355

12.6% 22.0%

TOTAL GENERAL FUND

$148,308,043

$153,535,824

$174,040,477

$20,504,653

13.4%

SPECIAL GRANTS FUND

$5,929,379

$7,813,026

$6,687,064

($1,125,962)

-14.4%

COMMUNITY DEVELOP. FUND

$2,036,563

$2,545,000

$2,524,000

($21,000)

-0.8%

SHOWROOM AND OCCUPANCY TAX FUND

$6,057,969

$6,075,000

$6,025,000

($50,000)

-0.8%

ECONOMIC DEV. INCENTIVE FUND

$1,124,484

$1,500,000

0.0%

$23,059,661

$25,878,646

$27,963,542

$2,084,896

8.1%

0.0%

$10,648,335 2,700,209

$10,370,422 3,332,710

$11,444,673 3,294,927

$1,074,251 (37,783)

10.4% -1.1%

$13,348,544

$13,703,132

$14,739,600

$1,036,468

7.6%

NET GEN. CAPITAL PROJECTS FUND Interfund Transfers

$11,153,023 0

$3,685,000 443,323

$5,415,187 443,323

$1,730,187 0

47.0% 0.0%

TOTAL GEN. CAPITAL PROJ. FUND

$11,153,023

$4,128,323

$5,858,510

$1,730,187

41.9%

GENERAL BOND PROJECTS FUND

$4,887,963

$1,100,000

$600,000

($500,000)

-45.5%

TOTAL CENTRAL SERVICES FUND

$22,926,518

$20,957,900

$21,850,289

$892,389

4.3%

$3,863,093 4,192,863 2,082,472 5,432,795 1,506,606 6,400,037 4,615,415

$5,324,497 4,549,994 2,384,656 6,491,903 1,587,851 5,833,135 5,419,700

$5,364,183 4,622,823 2,484,425 6,815,870 1,720,270 6,664,691 5,610,912

$39,686 72,829 99,769 323,967 132,419 831,556 191,212

0.7% 1.6% 4.2% 5.0% 8.3% 14.3% 3.5%

INSURANCE RESERVE FUND GENERAL RISK RETENTION FUND GENERAL DEBT SERVICE FUND G.O. Bond Debt Service Limited Obligation Bonds TOTAL GENERAL DEBT SERVICE FUND

WATER RESOURCES FUND Operating Administration Eastside Plant Westside Plant Mains Laboratory Services Facilities Maintenance Frank Ward Plant

ANALYSIS OF EXPENDITURES, cont.

FY 2025 Actual $2,471,190

FY 2026 Budget $2,554,930

FY 2027 Adopted $2,861,315

$ Change $306,385

% Budget Change 12.0%

Water Resources Operating

$30,564,471

$34,146,666

$36,144,489

$1,997,823

5.9%

Water Resources Non-Departmental Subtotal Operating

$30,955,228 $61,519,699

$10,803,083 $44,949,749

$11,710,374 $47,854,863

$907,291 $2,905,114

8.4% 6.5%

Contingency Debt Service NET TOTAL WATER RESOURCES FUND Interfund Transfers

$0 15,696,936

$300,000 17,191,770

$300,000 17,806,360

$0 614,590

0.0% 3.6%

$77,216,635

$62,441,519

$65,961,223

$3,519,704

5.6%

$20,992,296

$13,338,489

$14,343,277

$1,004,788

7.5%

TOTAL WATER RESOURCES FUND

$98,208,931

$75,780,008

$80,304,500

$4,524,492

6.0%

WATER RESOURCES CAPITAL FUND

$15,206,477

$12,988,489

$14,065,000

$1,076,511

8.3%

$1,092,637 71,103,274 1,601,547 1,196,757 1,266,968 1,528,308 348,567 162,355 14,915,160

$1,157,112 76,183,692 1,871,548 820,360 1,208,890 1,863,847 412,721 368,195 17,072,649

$1,247,829 76,133,692 1,989,439 879,497 1,277,014 2,019,747 412,721 383,195 17,874,301

$90,717 (50,000) 117,891 59,137 68,124 155,900 0 15,000 801,652

7.8% -0.1% 6.3% 7.2% 5.6% 8.4% 0.0% 4.1% 4.7%

$672,657

$851,054

$950,750

$99,696

11.7%

865,954 1,519,990 14,844 1,454,693 950,277 549,339 506,806

891,774 1,738,604 0 1,556,855 877,689 561,155 535,832

1,265,682 1,854,579 0 1,807,782 928,726 617,415 $576,062

373,908 115,975 0 250,927 51,037 56,260 $40,230

41.9% 6.7% 0.0% 16.1% 5.8% 10.0% 7.5%

$99,750,133

$107,971,977

$110,218,431

$2,246,454

2.1%

$192,769

$4,879,884

$4,981,358

$101,474

2.1%

Residuals Management

ELECTRIC FUND Operating and Maintenance Administration Power Supply Expense Engineering Warehouse Structures and Stations Lines Maintenance Street Lighting Metering/Customer Installation System Improvements Customer Service Administration Meter Reading Revenue Collections Mail Room Telephone Center Water Meter Services Dispatch Field Services Total Operating and Customer Service Electric Non-Departmental

ANALYSIS OF EXPENDITURES, cont.

Subtotal Operating Electric Contingency

FY 2025 Actual $99,942,902

FY 2026 Budget $112,851,861

FY 2027 Adopted $115,199,789

$ Change $2,347,928

% Budget Change 2.1%

$450,000

0.0% 0.0%

9,692,618

TOTAL NET ELECTRIC FUND Interfund Transfers

$109,635,520

$113,301,861

$115,649,789

$2,347,928

2.1%

$43,441,806

$23,247,500

$11,339,390

($11,908,110)

-51.2%

TOTAL ELECTRIC FUND

$153,077,326

$136,549,361

$126,989,179

($9,560,182)

-7.0%

ELECTRIC CAPITAL FUND

$8,562,009

$21,417,500

$9,397,350

($12,020,150)

-56.1%

MASS TRANSIT FUND

$5,386,761

$6,171,800

$6,664,547

$492,747

8.0%

$812,315

$645,800

$220,000

($425,800)

-65.9%

$71,637 40,856

$93,062 56,525

$95,954 56,654

$2,892 129

3.1% 0.2%

352,460

441,644

460,074

18,430

4.2%

$464,953

$591,231

$612,682

$21,451

3.6%

Electric Capital Projects

MASS TRANSIT CAPITAL FUND PARKING FUND Parking Facilities Operating Parking Facility - Hotel Parking Facility - Broad St. Parking Facility - High W. Com Total Parking Operating Parking Capital Projects

$53,345

0.0%

TOTAL NET PARKING FUND Parking Interfund Transfer

$518,298 $75,000

$591,231 $675,000

$612,682 $450,000

$21,451 ($225,000)

3.6% -33.3%

TOTAL PARKING FUND

$593,298

$1,266,231

$1,062,682

($203,549)

-16.1%

PARKING CAPITAL FUND

$16,339

$675,000

$450,000

($225,000)

-33.3%

$1,038,609 5,504,408

$1,112,119 8,708,079

$1,219,449 7,032,802

$107,330 (1,675,277)

9.7% -19.2%

2,468,810 8,794,639

2,833,286 9,868,162

2,968,987 10,509,807

135,701 641,645

4.8% 6.5%

$17,806,466

$22,521,646

$21,731,045

($790,601)

-3.5%

$77,970 3,738,496

$76,296 1,150,000

$77,421 50,000

$1,125 (1,100,000)

1.5% -95.7%

Interfund Transfers

$21,622,932 $105,000

$23,747,942 $84,000

$21,858,466 $86,354

($1,889,476) $2,354

-8.0% 2.8%

TOTAL SOLID WASTE FUND

$21,727,932

$23,831,942

$21,944,820

($1,887,122)

-7.9%

SOLID WASTE FUND Ingleside Landfill Operating Material Recovery Facility Environmental Services Subtotal Operating Solid Waste Non-Departmental Capital Projects TOTAL NET SOLID WASTE FUND

ANALYSIS OF EXPENDITURES, cont.

FY 2025 Actual $1,171,207

FY 2026 Budget $7,021,000

FY 2027 Adopted $221,000

$ Change ($6,800,000)

% Budget Change -96.9%

$4,933,255

$5,871,000

$171,000

($5,700,000)

-97.1%

$4,575,733

$5,768,658

$6,066,558

$297,900

5.2%

$4,575,733

$5,768,658

$6,066,558

$297,900

5.2%

$948,884 4,599,371

$884,588 950,000

$719,434 1,050,000

($165,154) 100,000

-18.7% 10.5%

TOTAL NET STORMWATER FUND Interfund Transfers

$10,123,988

$7,603,246

$7,835,992

$232,746

3.1%

$45,000

$36,000

$29,106

($6,894)

-19.2%

TOTAL STORMWATER FUND

$10,168,988

$7,639,246

$7,865,098

$225,852

3.0%

STORM WATER CAPITAL FUND

$2,346,892

$950,000

$1,050,000

$100,000

10.5%

$561,043,877

$538,044,228

$532,193,658

($5,850,570)

-1.1%

SOLID WASTE CAPITAL FUND SOLID WASTE LANDFILL CLOSURE FUND STORMWATER FUND Stormwater Management Stormwater Maintenance Subtotal Operating Debt Service Capital Projects

TOTAL EXPENDITURES

SUMMARY OF PERSONNEL COMPLEMENT

Function Governing Body - City Clerk City Manager Budget and Evaluation City Attorney Communications & Public Engagement Administration Marketing Human Relations Organizational Advancement Human Resources Administration Safety and Health Financial Services Administration Accounting Treasury Services Purchasing Risk Management Engineering and Facility Services Engineering Facilities Information Technology Communications Center Police Chief's Office Major Crimes Facilities Patrol Support Services Community Engagement Fire Administration Suppression Parks and Recreation Administration Programs Special Facilities

FY 2025 Budget 2 6 4 7

FY 2026 Budget 2 6 5 7

FY 2027 Adopted 2 6 5 7

Prior Yr. Change 0 0 0 0

1 5 3 2

0 0 0 0

10 5

10 2

0 0

5 5 7 6 0

4 5 7 6 5

0 0 0 0 0

21 9 27 32

26 9 29 32

26 9 29 34

0 0 0 2

6 90 1 139 35 31

6 94 1 139 34 36

0 0 0 0 0 0

24 216

25 216

25 219

0 3

16 18 48

11 18 48

11 19 50

0 1 2

Function Parks Library Administration Technical Services Building Maintenance Children's Services Research Services Information Services Library Readers' Services Heritage Resource Center Lending Services Historical Museum Theatre Administration Box Office Technical Services Economic Development Planning and Development Inspections Building Inspections Development Services Community Devel. and Housing Community Development Local Code Enforcement Transportation Administration Traffic Signs and Markings Traffic Signals Computerized Signal System Public Services Administration Cemeteries Street Maintenance Total General Fund

FY 2025 Budget 41

FY 2026 Budget 41

FY 2027 Adopted 41

Prior Yr. Change 0

4 4 5 8 11 3 6 3 10 7

4 4 5 10 11 3 6 3 10 7

0 0 0 0 0 0 0 0 0 0

2 1 3 4 14

0 0 0 0 0

17 6

0 0

6 7

0 0

10 8 5 4

0 0 0 0

3 4 40 1017

3 4 40 1032

3 4 40 1040

0 0 0 8

Function Community Development Block Grant CD Administration Affordable Housing Community Resource Programs Total Community Dev. Block Grant

FY 2025 Budget

FY 2026 Budget

FY 2027 Adopted

Prior Yr. Change

1 3 2 6

0 0 0 0

10 16 13 47 10 27 18 8 149

10 16 14 47 10 27 18 8 150

10 16 14 47 10 29 18 8 152

0 0 0 0 0 2 0 0 2

Water Resources Fund Administration Eastside Plant Westside Plant Mains Laboratory Services Maintenance Services Frank L. Ward Plant Residuals Management Total Water Resources Fund Electric Fund - Customer Service Administration Meter Reading Revenue Collections Telephone Center Water Meter Service Dispatch Field Serv. Cut-Ons/Offs Electric Fund Engineering Administration Electric Opr. and Maint. Warehouse Operating and Maint. Dist. Exp. Electric System Improvements Total Electric Fund

6 9 12 14 7 7 5

4 11 12 14 7 7 5

0 0 0 0 0 0 0

10 3 5 5 50 133

10 3 5 5 51 134

0 0 0 0 0 0

Mass Transit Fund

FY 2025 Budget

FY 2026 Budget

FY 2027 Adopted

Prior Yr. Change

Total Parking Fund

3 3

0 0

Solid Waste Fund Ingleside Compost Facility Landfill Facilities Operating Municipal Recycling Facility Environmental Services Total Solid Waste Fund

6 19 26 53 104

0 0 0 0 0

Stormwater Fund

Central Services Fund Radio Repair Shop Fleet Services Total Central Services Fund

4 22 26

0 0 0

1,520

1,532

1,542

1,526

1,562

1,572

Function Parking Fund High & Commerce

Operating Grants Total Full-Time Positions

FY 2025 Budget

FY 2026 Budget

FY 2027 Adopted

Prior Yr. Change

Part-Time Positions Police Fire Information Technology Parks and Recreation Library Theatre Transportation Public Service--GF Fleet Water & Sewer Electric Mass Transit Parking Solid Waste Stormwater Total Part-time Positions

11 1 1 175 21 3 2 5 1 12 9 6 9 1 2 258

12 1 1 174 19 3 2 5 1 12 8 6 9 1 2 256

12 1 0 174 19 3 2 5 1 12 8 6 9 1 2 255

0 0 -1 0 0 0 0 0 0 0 0 0 0 0 0 -1

GRAND TOTAL

1,784

1,818

1,827

Function

DEBT SERVICE POLICIES & OVERVIEW In North Carolina, the issuance of bonds is accomplished with the guidance and approval of the North Carolina Local Government Commission (LGC) from the point of development of a bond referendum to the actual sale of the bonds. The LGC must approve the concept and amount of a bond issuance before it goes to the voters for approval. Upon approval of a bond referendum by the citizens and sale of the bonds, the LGC is able to develop a level payment schedule to avoid major swings in the debt service obligations from year-to-year. As old debt is either retired or decreases, new debt is issued. This helps in minimizing the effect of debt on the property tax rate and as well as utility rates when revenue bonds are issued. In November 2019, voters approved a $50 million bond referendum to fund transportation, affordable housing, and parks and recreation projects. As of June 30, 2026, approximately $12 million of authorization remains. Listed below are the City of High Point debt issues that are on the current long-term debt plan. The total long-term debt service for FY 2026-27 is shown by fund below. DEBT ISSUES General Debt Service The total General Debt Service for fiscal year 2026-2027 is $14,579,600. The fiscal year 20262027 General Debt Service Fund debt issues are as follows: 2014 – GO Public Improvement Bond 2014 – GO Refunding 2016 – GO Refunding 2018 – GO 2/3 Public Improv. Bond 2018 – Limited Obligation Bond 2020 – GO Refunding 2020 – Limited Obligation Bond 2022A – 2/3 Public Improvement Bond 2022B – Public Improvement Bond 2022C – GO Refunding 2024 – 2/3 Public Improvement Bond 2025 – Limited Obligation Bond 2026 – GO Public Improvement (est.)

FY 2027 Debt Service $380,869 651,062 1,770,801 477,675 2,489,993 1,111,161 1,244,885 689,000 1,912,813 328,516 1,028,455 804,934 1,689,436

Pay Off Year 2034 2027 2029 2039 2039 2030 2040 2032 2042 2032 2031 2040 2046

Water Resources Fund Water Resources debt service for fiscal year 2026-2027 is $17,706,360. The fiscal year 2026-2027 Water Resources debt issues are as follows:

ARRA – Federal Revolving Loan 2016 Revenue Refunding 2019 Revenue Bonds 2022 Revenue Bond 2022B Refunding 2024 Refunding 2025 Revenue Bond (est.)

FY 2027 Debt Service $32,609 4,602,026 3,403,101 2,329,575 2,402,213 2,363,648 2,573,188

Pay Off Year 2030 2034 2044 2047 2032 2040 2050

Stormwater Fund The total debt service for the Stormwater Fund in fiscal year 2026-2027 is $719,434. The 2004 bond referendum included $15.4 million in Stormwater projects. Stormwater debt service includes the principal and interest payment of the General Obligation portion for Stormwater Bonds. The debt on these bonds has previously been supported by property taxes dedicated to the General Obligation Bonds. Smaller stormwater projects will continue to be funded through user fees in the Pay-Go Capital Program. The fiscal year 2026-2027 Stormwater Fund debt issue follows:

2014 – G.O. Refunding 2016 – G.O. Refunding 2020 – G.O. Refunding

FY 2027 Debt Service $90,538 356,426 272,470

Pay Off Year 2027 2029 2030

Long-Term Equipment Leases-Installment Contracts The City of High Point finances some equipment with installment contracts. The total lease principal and interest for fiscal year 2026-2027 is $1,721,672. Fleet Equipment Fire Equipment Fire Equipment Fleet Equipment Fire Equipment (est)

FY 2027 Debt Service $358,772 101,235 553,620 198,144 509,901

Pay Off Year 2026 2027 2029 2029 2037

Bond Agency Ratings The City’s capacity to finance and pay for needed improvements is evaluated from time to time by the following rating agencies: Moody’s Investment Services, Standard & Poor’s, and Fitch Ratings. Protecting and enhancing our bond ratings is one of our highest priorities. The City has seen a series of bond rating upgrades since 2003, including the addition of a AAA bond rating assignment by Standard & Poor’s. The City’s bond ratings were re-affirmed in conjunction with our bond sale in April 2026.

City of High Point Current Bond Ratings Moody's Aa1 Aa2 N/A

General Obligation Bonds Revenue Bonds Limited Obligation Bonds

S&P Global AAA AAA AA+

Fitch AA+ AA+ AA-

ASSESSED VALUES AND DEBT LIMITATIONS – END OF FISCAL YEAR 2025 (dollars in thousands) Assessed Value

$13,809,555

Debt Limit (1) 8% of assessed value

$1,104,764

Amount of Debt Applicable to Limit General Obligation Debt

58,633

Less: Amount available for repayment of GO bonds Debt Outstanding for water purpose Total Net Debt Applicable to Limit

10,920 21 47,692

Legal Debt Margin Available

$1,057,072

Total net debt applicable to the limit as a % of debt limit

4.32%

Note: NC Statute GS 159-55 limits the city’s outstanding debt to 8% of the appraised value of property subject to taxation. The following deductions are made from gross debt to arrive at net debt applicable to the limit: Money held for payment of principal; debt incurred for water, sewer, gas, or electric power purchase; uncollected special assessments, and funding and refunding bonds not yet issued. The legal debt margin is the difference between the debt limit and the City’s net det outstanding applicable to the limit and represents the City’s legal borrowing authority. Note: Debt is presented as gross and does not include bond premiums/discounts.

DEBT OUTSTANDING AND MATURITIES TAX SUPPORTED DEBT Principal Interest FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 FY 2032 FY 2033 FY 2034 FY 2035 FY 2036 FY 2037 FY 2038 FY 2039 FY 2040 FY 2041 FY 2042 FY 2043 FY 2044 FY 2045 FY 2046 FY 2047 FY 2048 FY 2049 FY 2050 FY 2051 Total

9,737,422 9,172,434 8,342,036 7,764,072 5,863,000 5,695,000 5,459,000 5,499,000 5,239,000 5,279,000 5,324,000 5,374,000 5,424,000 2,974,000 1,565,000 1,565,000

3,152,740 2,827,479 2,514,223 2,228,736 1,959,251 1,736,966 1,519,988 1,321,505 1,120,515 927,288 732,192 546,874 358,840 207,974 109,550 54,775

Total

12,890,162 11,999,912 10,856,259 9,992,808 7,822,251 7,431,966 6,978,988 6,820,505 6,359,515 6,206,288 6,056,192 5,920,874 5,782,840 3,181,974 1,674,550 1,619,775 -

90,275,964 $

21,318,893 $

111,594,858 $

UTILITY SUPPORTED DEBT Principal Interest

SUBTOTAL INTEREST

TOTAL ANNUAL DEBT SERVICE

11,678,187 12,030,175 12,310,580 12,638,537 12,761,000 13,222,000 9,468,000 9,860,000 7,401,000 7,674,000 6,600,000 6,843,000 7,091,000 7,334,000 5,200,000 5,405,000 5,605,000 5,820,000 3,960,000 4,150,000 4,340,000 2,160,000 2,270,000 2,385,000 2,510,000

6,747,603 6,294,679 5,823,597 5,357,654 4,895,805 4,420,078 3,980,576 3,591,925 3,257,038 2,979,677 2,726,050 2,482,475 2,237,346 1,991,037 1,763,213 1,561,250 1,357,381 1,137,975 934,425 753,175 563,325 412,250 301,500 185,125 62,750

18,425,791 18,324,855 18,134,177 17,996,191 17,656,805 17,642,078 13,448,576 13,451,925 10,658,038 10,653,677 9,326,050 9,325,475 9,328,346 9,325,037 6,963,213 6,966,250 6,962,381 6,957,975 4,894,425 4,903,175 4,903,325 2,572,250 2,571,500 2,570,125 2,572,750

21,415,609 21,202,609 20,652,616 20,402,609 18,624,000 18,917,000 14,927,000 15,359,000 12,640,000 12,953,000 11,924,000 12,217,000 12,515,000 10,308,000 6,765,000 6,970,000 5,605,000 5,820,000 3,960,000 4,150,000 4,340,000 2,160,000 2,270,000 2,385,000 2,510,000

9,900,343 9,122,158 8,337,820 7,586,390 6,855,056 6,157,044 5,500,564 4,913,430 4,377,552 3,906,964 3,458,242 3,029,349 2,596,186 2,199,011 1,872,763 1,616,025 1,357,381 1,137,975 934,425 753,175 563,325 412,250 301,500 185,125 62,750

31,315,952 30,324,767 28,990,436 27,988,999 25,479,056 25,074,044 20,427,564 20,272,430 17,017,552 16,859,964 15,382,242 15,246,349 15,111,186 12,507,011

180,716,480 $

65,817,909 $

246,534,389 $

270,992,444 $

87,136,803 $

358,129,247

Debt Service Components 33,000 30,000 27,000 24,000

Thousands

Total

SUBTOTAL PRINCIPAL

21,000 18,000 15,000 12,000 9,000 6,000 3,000 -

PRINCIPAL

INTEREST

8,637,763 8,586,025 6,962,381 6,957,975 4,894,425 4,903,175 4,903,325 2,572,250 2,571,500 2,570,125 2,572,750

GENERAL FUND

Adopted 2026-2027 Operating Budget

$175,040,477 The General Fund is the general operating fund of the City. It is used to account for all financial resources except those required to be accounted for in another fund. Budget Summary BUDGET

2024-2025 Actual

2025-2026 Budget

2025-2026 Est. Act.

2026-2027 Adopted

$50,000

$ Change

% Change

($50,000)

-100.0%

101,239,069

15,049,232

17.5%

REVENUES Fund Balance Property Tax

84,957,606

86,189,837

85,840,229

Sales & Use Taxes

39,226,844

40,585,249

41,012,779

42,066,145

1,480,896

3.6%

Intergovernmental

11,668,003

12,157,273

10,851,546

12,197,761

40,488

0.3%

Licenses & Permits

4,248,674

4,766,475

5,970,606

4,691,475

(75,000)

-1.6%

6,830,710

230,192

3.5%

Charges for Services

6,900,219

6,600,518

6,278,068

Miscellaneous

4,374,964

3,186,472

2,728,059

2,915,317

(271,155)

-8.5%

Debt Proceeds

2,085,562

4,100,000

0.0%

$153,461,872

$153,535,824

$152,681,287

$174,040,477

$20,504,653

13.4%

0.0%

$153,461,872

$153,535,824

$152,681,287

$174,040,477

$20,504,653

13.4%

$102,944,740

$108,433,325

$106,291,625

$119,667,767

$11,234,442

10.4%

30,155,376

1,721,625

6.1%

Total Revenues Interfund Transfers Net Revenues EXPENDITURES Personnel Services Operating

22,412,619

28,433,751

27,865,076

Capital Outlay

4,603,691

1,572,000

5,576,968

4,004,968

254.8%

Debt Service

3,605,916

2,209,463

2,915,726

706,263

32.0%

Contingency

0.0%

$133,566,966

$140,648,539

$137,938,164

$158,315,837

$17,667,298

12.6%

$15,724,640

$2,837,355

22.0%

$174,040,477

$20,504,653

13.4%

Total Expenditures Interfund Transfers

$14,741,077

$12,887,285

$13,337,636

Net Expenditures

$148,308,043

$153,535,824

$151,275,800

GENERAL FUND REVENUES & EXPENDITURES Revenues The FY 2026-2027 adopted budget increases the property tax rate by 8.74 cents from 64.75 cents to 73.49 cents per $100 of valuation. The Debt Service Fund continues to include 3.4 cents of the tax rate to fund the 2004 bond authorization bond issues as authorized by High Point voters in the 2004 bond referendum. The Adopted General Fund property tax rate is 70.09 cents. Property tax revenues represent 58.2% or $101,239,069 of the total General Fund revenues. Property tax revenues are projected to increase by $15,049,232, or 17.5%. The projected collections are based on a collection rate of 99.3%. Sales tax revenues represent 24.2% or $42,066,145 of General Fund revenues and are projected to increase by approximately $1,480,896, or 3.6%. Retail sales tax revenue is estimated to increase approximately 2.4% above year-end estimates. Minimal change is expected to the Guilford County ad valorem sales tax distribution percentage. Intergovernmental revenues are projected to increase $40,488, or 0.3%. There is a slight decrease in the amount of Powell Bill revenues expected to be distributed by the State. Charges for services are increasing by $230,192, or 3.5%, primarily due to a projected increase in golf course greens fees, golf cart rental fees, and driving range fees at Oak Hollow and Blair Park golf courses. Miscellaneous revenue is estimated to increase by $3,828,845, due to the budgeting of debt proceeds for the financing of three fire apparatus trucks. There is a corresponding expense for the purchase of these vehicles. Expenditures Personnel services include an average mid-year merit adjustment of 3%, implementation of the final phase of compensation and classification study adjustments, a 2.5% pay plan adjustment, an increased employer contribution for retirement, and higher health insurance costs. The general fund budget includes the addition of four full-time and three part-time positions. Details are in the Manager's Message. Operating expenditures are increased by $1,721,625 or 6.1%. Drivers include increases in phone and utility budgets ($559,000), license and maintenance for software applications and I.T. infrastructure ($275,000), higher Fleet Services charges for the cost of vehicle replacements and vehicle maintenance ($215,000), and operational costs for the commercial shared-use kitchen ($253,000). Capital outlay funding is budgeted at $5,576,938 for FY 2026-27. This is driven by the funding for the fire apparatus replacement program ($4,100,000) and other fire equipment including station generators ($200,000) and thermal imaging cameras ($15,000). The fire apparatus replacement program includes three apparatus vehicles (engine, ladder, tanker) that will be financed over a 10-year period. The $4.1 million is the full cost which is offset by debt proceeds revenues.

Debt service payments are increased by $706,263 for FY 2026-27. This includes new debt service payments for the three fire apparatus vehicles to be financed over a 10-year period. Interfund transfers are increased by $2,837,355. The General Fund contribution for capital projects is $4,956,510, helping meet growing deferred maintenance and other capital needs of the general fund service areas, as well as an additional $1.93 million for parking infrastructure and downtown redevelopment. The General Fund subsidy for mass transit is $2,307,408, an increase of $541,520 due to growing expenses and minimal growth in federal and state transit revenues.

WHERE THE MUNICIPAL DOLLAR ORIGINATES General Fund Sales & Use Tax/ Licenses & Fees

Property Tax

58.2%

2.4%

26.9%

5.5%

7.0%

Intergovernmental Revenues

Charges for Services

Property Tax Charges for Services Intergovernmental Revenues Sales & Use Tax/Licenses and Fees Debt Proceeds

Debt Proceeds

General Fund Property Tax Charges for Services from General and Miscellaneous Revenues Revenues from Federal, State and other Local jurisdictions Sales Tax, Vehicle Tax, Licenses, Permits, Inspections, Library Fines, and other Miscellaneous Fees Debt Proceeds

WHERE THE MUNICIPAL DOLLAR GOES General Fund General Government

Public Safety

21.2%

44.3%

Public Safety Recreation & Culture Community & Economic Development General Government Public Services Other

8.1%

14.8%

4.1%

Community & Economic Development

Other

7.5%

Recreation & Culture

Public Services

Police, Fire Parks & Recreation, Library, Museum, Theatre Economic Development, Community Development & Housing, Planning, Inspections & Development, Joblink – Idol Street Building Governing Body, City Management, City Attorney, Budget & Evaluation, Communication & Public Engagement, Engineering, Information Technology Services, Human Resources, Financial Services, Special Appropriations, Public Services Admininstration Transportation, Streets Maintenance, Cemeteries Transfers & Reimbursements

GOVERNING BODY Adopted 2026-2027 Operating Budget $925,080 SANDRA KEENEY, CITY CLERK Mission Statement The mission of the City Clerk's Office is to keep and maintain records of the High Point City Council including minutes, ordinances, resolutions, contracts and other vital documents, and to perform other duties as may be required by the High Point Charter/Code of Ordinances and the North Carolina General Statutes. Budget Summary BUDGET

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$25

0.0%

Revenues Miscellaneous Revenue General Revenue Allocation

843,926

867,872

925,080

6.6%

932,987

$843,951

$867,872

$925,080

6.6%

$932,987

Personnel Services

$504,088

$508,821

$545,129

7.1%

$552,891

Total Expenditures Operating Expenses

259,669

359,051

379,951

5.8%

380,096

Capital Outlay

39,860

0.0%

Debt Service

40,334

0.0%

Total

$843,951

$867,872

$925,080

6.6%

$932,987

City Council

$525,998

$620,799

$647,978

4.4%

$649,103

City Clerk

317,953

247,073

277,102

12.2%

283,884

Total

$843,951

$867,872

$925,080

6.6%

$932,987

Expenditures by Division

Personnel Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Part-time Positions

Full-time Positions

STAFFING City Council Part-time Positions City Clerk Full-time Positions Total Positions Authorized:

Performance Measures Measure(s) Boards and Commissions records Transmit Code of Ordinances within 3 business days after adoption Contract agreements returned to Purchasing within 3 business days Meeting notifications and calendaring events for Council Distribution of minutes File Ordinances/Resolutions within 3 business days after adoption Respond to public records requests within 2 business days

FY25 Actual 100% 100% 100% 100% 100% 100% 100%

FY26 Projected 100% 100% 100% 100% 100% 100% 100%

FY27 Projected 100% 100% 100% 100% 100% 100% 100%

CITY MANAGER Adopted 2026-2027 Operating Budget $1,566,691 TASHA LOGAN FORD, CITY MANAGER Mission Statement The City Manager’s Office provides overall leadership and direction for carrying out the policy directives of the City Council and setting the standards for delivering excellent public programs and services to the City of High Point. The Manager’s Office provides strategic guidance to the City Council on issues of importance to the city in order to bring together the community’s human, economic and civic resources for the purpose of creating the single most livable, safe and prosperous community in America. Budget Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$1,310,794

$1,464,605

$1,566,691

7.0%

$1,605,714

$1,310,794

$1,464,605

$1,566,691

7.0%

$1,605,714

Personnel Services

$1,193,722

$1,325,440

$1,426,396

7.6%

$1,465,233

Operating Expenses

114,707

139,165

140,295

0.8%

140,481

BUDGET Revenues General Revenue Allocation Total Expenditures

Debt Service Total

2,365

0.0%

$1,310,794

$1,464,605

$1,566,691

7.0%

$1,605,714

$1,310,794

$1,464,605

$1,566,691

7.0%

$1,605,714

$1,310,794

$1,464,605

$1,566,691

7.0%

$1,605,714

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Expenditures by Division City Manager Total

Personnel Summary STAFFING City Manager Full-time Positions

Performance Measures FY25 Actual 100% 100% 100%

Measure(s) Customer Service Survey Organization Excellence Strategic Plan

FY26 Projected 100% 100% 100%

FY27 Projected 100% 100% 100%

CITY ATTORNEY Adopted 2026-2027 Operating Budget $1,954,276 MEGHAN MAGUIRE, CITY ATTORNEY Mission Statement The City Attorney's primary purpose is to advise the City Council and administration on legal aspects of the City's activities, administer the legal programs of the City and advocate for the City's legal interests before the courts. Budget Summary BUDGET

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$17,798

0.0%

Revenues Miscellaneous Revenue General Revenue Allocation Total

1,407,290

1,857,710

1,954,276

5.2%

1,985,269

$1,425,088

$1,857,710

$1,954,276

5.2%

$1,985,269

$592,505

$1,068,917

$1,165,473

9.0%

$1,196,304

Expenditures Personnel Services Operating Expenses

832,583

788,793

788,803

0.0%

788,965

$1,425,088

$1,857,710

$1,954,276

5.2%

$1,985,269

City Attorney

$1,425,088

$1,857,710

$1,954,276

5.2%

$1,985,269

Total

$1,425,088

$1,857,710

$1,954,276

5.2%

$1,985,269

Total Expenditures by Division

Personnel Summary STAFFING

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

City Attorney Full-time Positions

Performance Measures Measure(s) Attorney representation to City Council, Council Committees, and Council appointed legislative and quasi-judicial boards and commissions Contract lifecycle management Continuing legal education Monitor impactful municipal law updates and trends

FY25 Actual

FY26 Projected

FY27 Projected

100%

454 100% 100%

400 100% 100%

COMMUNICATIONS & PUBLIC ENGAGEMENT Adopted 2026-2027 Operating Budget $1,551,311 JERON HOLLIS, MANAGING DIRECTOR Mission Statement The Office of Communications & Public Engagement strives to keep residents engaged and informed about the mission, programs and services offered by the City of High Point through various media platforms. We support the City Council, City Manager and City of High Point staff by enhancing the delivery of information to our various community audiences and by helping to promote our organization’s values of integrity and excellence. Budget Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$1,556,891

$1,478,389

$1,551,311

4.9%

$1,590,557

$1,556,891

$1,478,389

$1,551,311

4.9%

$1,590,557

Personnel Services

$1,137,498

$1,291,838

$1,356,660

5.0%

$1,392,170

Operating Expenses

247,703

186,551

194,651

4.3%

198,387

Capital Outlay

167,223

0.0%

BUDGET Revenues General Revenue Allocation Total Expenditures

Debt Service

4,467

0.0%

$1,556,891

$1,478,389

$1,551,311

4.9%

$1,590,557

Administration

$215,160

$220,555

$234,611

6.4%

$241,075

Marketing

828,095

627,041

653,501

4.2%

670,171

Human Relations

251,059

342,669

393,377

14.8%

401,945

Organizational Advancement

262,577

288,124

269,822

-6.4%

277,366

$1,556,891

$1,478,389

$1,551,311

4.9%

$1,590,557

Total Expenditures by Division

Total

Personnel Summary STAFFING

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Administration Full-time Positions Marketing Full-time Positions Human Relations Full-time Positions Organizational Advancement Full-time Positions Total Positions Authorized: Full-time Positions

Performance Measures Measure(s) Public Engagement 6 pop up events for Marketing and Branding Maintain Website Optimization at 80% Increase our social media reach by 10% Increase Brand Awareness in the built environment Increase engagement with our viewership with our tv application Human Relations Customer Intake and Response Fair Housing and Landlord/ Tenant Training Conducted Awareness & Advocacy Events Conducted Training Attendance Organizational Advancement Support the Learning and Development program by collaborating on five professional development opportunities to enhance workplace effectiveness and engagement Support the procurement program with three small business engagement events to enhance networking and foster partnerships Attend Human Resources strategic planning meetings and contribute insights to align with organizational goals. Propose one process improvement per meeting Participating in community stakeholder engagement opportunities

FY25 Actual

FY26 Projected

FY27 Projected

0 95% 2% 30% 10%

2 95% 5% 40% 15%

3 95% 7% 50% 20%

64 3 20 17

90 6 15 20

HUMAN RESOURCES Adopted 2026-2027 Operating Budget $2,188,391 ANGELA KIRKWOOD, HUMAN RESOURCES DIRECTOR Mission Statement The mission of the Human Resources Department is to provide services that promote a work environment characterized by fair treatment of staff, open communications, personal accountability, trust and mutual respect. Budget Summary BUDGET

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

Revenues General Revenue Allocation

$2,267,790

$2,338,498

$2,188,391

-6.4%

$2,270,631

$2,267,790

$2,338,498

$2,188,391

-6.4%

$2,270,631

Personnel Services

$1,645,895

$1,737,081

$1,474,505

-15.1%

$1,513,173

Operating Expenses

Total Expenditures

618,736

601,417

713,886

18.7%

757,458

Capital Outlay

845

0.0%

Debt Service

2,314

0.0%

$2,267,790

$2,338,498

$2,188,391

-6.4%

$2,270,631

Administration

$1,696,782

$1,708,960

$1,885,345

10.3%

$1,963,133

Safety & Health

571,008

629,538

303,046

-51.9%

307,498

$2,267,790

$2,338,498

$2,188,391

-6.4%

$2,270,631

Total Expenditures by Division

Total

Personnel Summary STAFFING

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Human Resources Admin Full-time Positions Safety & Health Full-time Positions Total Positions Authorized: Full-time Positions

Performance Measures Measure(s) Human Resources Administration Vacancy Rate Voluntary Turnover Total Applicants Average Time for Onboarding with Accepted Offer Safety & Health Employees Participating in One or More Wellness Programs Non-Occupational Clinic Visits Number of Workers Compensation Claims Employee Engagement Rate

FY25 Actual

FY26 Projected

FY27 Projected

10% 95 2202 60 Days

10% 98 2400 30 Days

9% 101 2720 25 Days

484 460 57 54%

500 371 36 58%

510 382 32 62%

Budget Highlights -

The adopted budget funds $73,629 towards learning and development initiatives. These initiatives include a leadership lab and leadership academy for staff development and succession planning, an AI strategy roadmap for governance and workforce readiness, and support for City staff to pursue identified certifications.

BUDGET & EVALUATION Adopted 2026-2027 Operating Budget $740,475 STEPHEN HAWRYLUK, BUDGET & PERFORMANCE DIRECTOR Mission Statement Dedicated to prudent fiscal stewardship, the Budget and Evaluation Department is committed to optimizing resource allocation. Through meticulous analysis and transparent evaluation, the department empowers informed decisions that enhance our community’s well-being and future prosperity. Budget Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$584,912

$656,137

$740,475

12.9%

$759,678

$584,912

$656,137

$740,475

12.9%

$759,678

Personnel Services

$522,515

$629,422

$701,340

11.4%

$720,021

Operating Expenses

61,033

26,715

39,135

46.5%

39,657

BUDGET Revenues General Revenue Allocation Total Expenditures

Debt Service Total

1,364

0.0%

$584,912

$656,137

$740,475

12.9%

$759,678

$584,912

$656,137

$740,475

12.9%

$759,678

$584,912

$656,137

$740,475

12.9%

$759,678

Expenditures by Division Budget & Evaluation Total

Personnel Summary STAFFING

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Budget & Evaluation Full-time Positions

Performance Measures Measure(s) Number of budget amendments Budget amendments processed within 5 days General Fund expenditures budget v actuals General Fund revenues budget v actuals Receive Distinguished Budget Presentation Award from GFOA* *Government Finance Officers Association (GFOA)

FY25 Actual 22 95.5% 95.9% 104.2% Yes

FY26 Projected 20 95.0% 96.0% 101.0% Yes

FY27 Projected 25 96.0% 96.0% 101.0% Yes

FINANCIAL SERVICES Adopted 2026-2027 Operating Budget $3,659,984 BOBBY FITZJOHN, FINANCIAL SERVICES DIRECTOR Mission Statement The mission of the Financial Services Department is to provide a centralized resource for the City's financial affairs, including establishing and maintaining the City's fiscal policies and procedures; coordinating and managing the City's capital projects and debt management programs; providing an internal audit function to safeguard assets and assist with operational efficiencies and compliance with City policies, federal and state laws, and administrative regulations. Budget Summary BUDGET

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$326,525

$320,000

0.0%

$320,000

Revenues Departmental Revenue General Revenue Allocation

2,262,555

2,590,960

3,339,984

28.9%

3,424,755

$2,589,080

$2,910,960

$3,659,984

25.7%

$3,744,755

Personnel Services

$2,233,147

$2,482,008

$3,164,422

27.5%

$3,247,343

Operating Expenses

351,372

428,952

495,562

15.5%

497,412

4,561

0.0%

$2,589,080

$2,910,960

$3,659,984

25.7%

$3,744,755

Administration

$816,648

$954,774

$893,530

-6.4%

$912,062

Accounting – Reporting

567,005

559,170

597,621

6.9%

612,627

Accounting – Operations

620,093

705,445

739,680

4.9%

756,689

Purchasing

585,334

691,571

733,124

6.0%

750,328

Total Expenditures

Debt Service Total Expenditures by Division

Risk Management Total

696,029

100.0%

713,049

$2,589,080

$2,910,960

$3,659,984

25.7%

$3,744,755

Personnel Summary STAFFING

2024-2025

2025-2026

2026-2027

2027-2027

Actual

Budget

Adopted

Projected

Administration Full-time Positions Accounting Full-time Positions Treasury Services Full-time Positions Purchasing Full-time Positions Risk Management Full-time Positions Total Positions Authorized: Full-time Positions

Performance Measures Measure(s) Accounting – Reporting #Journal Entry Transactions Processed* # of Accounting Periods Closed Within 10 Business Days # of Active State/Federal Grants Being Managed Audit Submitted by 12/1 Accounting – Operations # of Invoices Processed for Accounts Payable (AP) $ Rebate received from E-Payables Program % of Vendors Paid Electronically Average Yield to Maturity for Investment Portfolio Purchasing # Of Re-Bids Due to lack of Bidder Participation Receive Sustained Professional Purchasing Award (SPPA) from NCAGP** *Due to ERP implementation some journal entries are no longer needed **North Carolina Association of Governmental Purchasing (NCAGP)

FY25 Actual

FY26 Projected

FY27 Projected

3,589 3 72 No

3,145 6 71 Yes

3,040 12 72 Yes

13,500 $108,769 46.59 3.76%

17,781 $105,000 47.00% 3.25%

17,000 $105,000 50.00% 3.00%

5 Yes

ENGINEERING SERVICES Adopted 2026-2027 Operating Budget $5,374,920 TREVOR SPENCER, ENGINEERING DIRECTOR Mission Statement The Engineering Services' mission is to assist in making High Point the most livable and prosperous community by providing professional engineering services to other City departments with direct contact and service missions to the public. When directly involved with individual citizens, we advise, solve problems, answer complaints and regulate development for quality assurance. We are dedicated to innovation, teamwork, and professional engineering, while providing quality construction through inspection and contract administration. Budget Summary BUDGET Revenues Grading Permits Sub-Division/Driveway Inspections Reimbursement For Services General Revenue Allocation Total Expenditures Personnel Services Operating Expenses Capital Outlay Debt Service Total Expenditures by Division Engineering Services Facility Services Depot Maintenance Total

2024-2025 Actual

2025-2026 Budget

2026-2027 Adopted

% Change

2027-2028 Projected

$134,939 106,048 911,711 3,116,774 $4,269,472

$43,500 50,000 859,895 3,647,417 $4,600,812

$43,500 50,000 920,087 4,361,333 $5,374,920

0.0% 0.0% 7.0% 19.6% 16.8%

$43,500 50,000 920,087 4,502,044 $5,515,631

$2,487,145 1,699,810 70,465 12,052 $4,269,472

$2,940,588 1,660,224 0 0 $4,600,812

$3,660,168 1,714,752 0 0 $5,374,920

24.5% 3.3% 0.0% 0.0% 16.8%

$3,751,014 1,764,617 0 0 $5,515,631

$2,174,841 2,032,546 62,085 $4,269,472

$2,458,777 2,065,044 76,991 $4,600,812

$3,086,138 2,209,522 79,260 $5,374,920

25.5% 7.0% 2.9% 16.8%

$3,165,028 2,270,221 80,382 $5,515,631

Personnel Summary STAFFING

2025-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Engineering Services Full-time Positions Facility Services Full-time Positions Total Positions Authorized: Full-time Positions

Performance Measures Measure(s) Engineering Services Driveway Inspection Residential Erosion Control Permits In-house Survey Services Plan Reviews Facility Services # Hours Performing Preventative Maintenance on Equipment # Labor hours on Construction/Retrofit Projects % Call backs % Incomplete Work Orders % of Emergency Requests Responded in 30 Minutes or Less % Routine Requests Responded to in 8 Hours or Less Service Calls Received

FY25 Actual

FY26 Projected

FY27 Projected

506 93 54 150

556 100 65 160

611 105 69 150

1,500 1,600 2.0% 2.0% 100.0% 100.0% 898

1,500 1,200 1.0% 0.0% 100.0% 100.0% 1,200

INFORMATION TECHNOLOGY SERVICES Adopted 2026-2027 Operating Budget $17,350,569 ADAM WARD, INFORMATION TECHNOLOGY DIRECTOR Mission Statement The Information Technology Services Division will provide relevant and timely solutions to business issues to enable our customers to support the City’s vision in a secure and reliable customer service driven environment. The mission of the Communications Services Division is to provide the citizens of High Point with a central point of contact to request public safety services and to dispatch those services in a timely and cost effective manner. Budget Summary BUDGET Revenues General Revenue Allocation

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$14,949,512

$16,133,357

$17,350,569

7.5%

$17,734,430

$14,949,512

$16,133,357

$17,350,569

7.5%

$17,734,430

Personnel Services

$6,937,042

$7,545,295

$8,252,130

9.4%

$8,471,272

Total Expenditures Operating Expenses

4,812,664

8,116,062

8,529,471

5.1%

8,694,190

Capital Outlay

1,929,431

16,968

0.0%

16,968

Debt Service

1,270,375

472,000

552,000

16.9%

552,000

$14,949,512

$16,133,357

$17,350,569

7.5%

$17,734,430

Info Tech Services Admin

$11,378,631

$12,427,081

$13,192,736

6.2%

$13,384,352

Communications Center

3,570,881

3,706,276

4,157,833

12.2%

4,350,078

$14,949,512

$16,133,357

$17,350,569

7.5%

$17,734,430

Total Expenditures by Division

Total

Personnel Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Full-time Positions

Part-Time Positions

Full-time Positions

Part-time Positions

STAFFING Info Tech Services Admin Full-time Positions Communications Center

Total Positions Authorized:

Performance Measures Measure(s) Information Technology Services Administration Cayenta (Utility Billing) System Uptime Lawson (Enterprise Resource Planning) System Uptime Laserfiche (Documentation Management) System Uptime Workday System Uptime Communications Center Average Call Entry for Police Non-Emergency Calls (Receive to call taking finished) Priority 2-6 Avg Dispatch Time All Calls, Services, Priorities (receive to 1st Dispatch) Maintain Required Training

FY25 Actual

FY26 Projected

FY27 Projected

99.56% 99.94% 99.89% 100.00%

99.30% 99.92% 99.66% 99.50%

99.20% 99.96% 99.99% 98.52%

1:17

1:28

12:59 100.00%

15:10 100.00%

Budget Highlights -

The adopted budget includes an additional telecommunicator trainee position for 911 Communications. This position will address current operational staffing shortfalls and move the 911 center above minimum staffing standards, improving resiliency and service delivery. The position will bring the division closer to a balanced staffing model across all teams, which reduces burnout, supports compliance with call-answering performance expectations, and strengthens continuity of operations.

POLICE Adopted 2026-2027 Operating Budget $47,814,245 CURTIS CHEEKS, POLICE CHIEF Mission Statement To make High Point a safe city by developing leaders and employees in crime fighting, community engagement, training, and professional policing. Budget Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

Housing Authority Enforcement

$208,671

$209,000

0.0%

$215,270

School Resource Officers

710,855

699,465

0.0%

699,465

Miscellaneous Revenue

248,741

207,767

265,767

27.9%

269,890

38,721,369

41,720,431

46,640,013

11.8%

48,189,394

$39,889,636

$42,836,663

$47,814,245

11.6%

$49,374,019

Personnel Services

$32,729,426

$35,202,003

$39,508,747

12.2%

$40,495,131

Operating Expenses

6,141,728

6,869,616

7,106,528

3.4%

7,394,023

Capital Outlay

223,825

0.0%

Debt Service

794,657

765,044

1,198,970

56.7%

1,484,865

$39,889,636

$42,836,663

$47,814,245

11.6%

$49,374,019

BUDGET Revenues

General Revenue Allocation Total Expenditures

Total Expenditures by Division Chief’s Office

$1,821,949

$1,887,717

$2,501,658

32.5%

$2,865,135

Police Investigations

9,807,688

12,203,190

13,276,920

8.8%

13,606,618

Police Facilities

488,256

359,163

377,046

5.0%

388,392

Police Patrol

18,387,885

17,866,041

19,446,678

8.8%

19,968,856

Police Support Services

6,289,171

7,074,754

7,392,664

4.5%

7,610,024

Police Community Engagement

3,094,687

3,445,798

4,819,279

39.9%

4,934,994

$39,889,636

$42,836,663

$47,814,245

11.6%

$49,374,019

Total

Personnel Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Full-time Positions

139

Part-time Positions

Full-time Positions

Part-time Positions

Full-time Positions

Part-time Positions

Full-time Positions

302

310

Part-time Positions

STAFFING Chief's Office Full-time Positions Police Investigations Full-time Positions Police Facilities Full-time Positions Police Patrol

Police Support Services

Police Community Engagement

Total Positions Authorized:

Performance Measures FY25 Actual 5,278 4,366 442

Measure(s) School Safety Checks Traffic Crashes Gun Seized, Confiscated, & Found

FY26 Projected 5,340 4,476 444

FY27 Projected 5,420 4,425 456

FIRE Adopted 2026-2027 Operating Budget $38,505,138 BRIAN EVANS, FIRE CHIEF Mission Statement The High Point Fire Department's mission is to serve the citizens of High Point by protecting lives and property throughout the City by emphasizing preparedness, education, prevention and intervention. Budget Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

Fire Inspections

$45,450

$73,125

0.0%

$73,125

State Fire Fund

1,216

0.0%

Colfax/Deep River Fire

468,465

445,000

0.0%

445,000

Miscellaneous Revenue

60,781

70,000

0.0%

70,000

BUDGET Revenues

Debt Proceeds

4,100,000

0.0%

31,822,777

31,208,450

33,817,013

8.4%

$38,763,070

$32,398,689

$31,796,575

$38,505,138

21.1%

$39,351,195

Personnel Services

$25,718,799

$25,316,588

$27,641,279

9.2%

$28,342,505

Operating Expenses

4,067,605

4,002,568

4,159,103

3.9%

4,433,931

Debt Service

1,623,757

972,419

1,164,756

19.8%

1,049,759

Capital Outlay

988,528

1,505,000

5,540,000

268.1%

5,525,000

$32,398,689

$31,796,575

$38,505,138

21.1%

$39,351,195

Administration

$4,571,689

$4,712,690

$4,978,214

5.6%

$5,139,374

Fire Suppression

27,827,000

27,083,885

33,526,924

23.8%

34,211,821

$32,398,689

$31,796,575

$38,505,138

21.1%

$39,351,195

General Revenue Allocation Total Expenditures

Total Expenditures by Division

Total

Personnel Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Full-time Positions

Part-time Positions

216

219

Full-time Positions

240

241

244

Part-time Positions

STAFFING Administration

Fire Suppression Full-time Positions Total Positions Authorized:

Performance Measures FY25 Actual 164 25,994 15,432 499 10,708 2,219 8,294

Measure(s) Community Programs Conducted Community Programs Participants Incidents Total Incidents Fire Total Incidents Medical Incidents False Alarm Fire Code Violations

FY26 Projected 176 20,000 15,700 500 11,000 2,250 5,675

FY27 Projected 180 20,000 15,750 525 11,250 2,500 5,700

Budget Highlights -

High Point Fire Department Continuous Improvement Report – In December, Fire Chief Consulting presented their findings and recommendations after reviewing operational practices within the High Point Fire Department. The adopted budget includes funding for the following recommendations from that study and the timeframe for implementation recommended: o o

Allocation of funds to retain the 24 SAFER firefighter grant award positions (3-5 year implementation). Addition of three fire safety training officer (1 per shift) positions (5-7 year implementation). These positions positions will be responsible for independently monitoring incident conditions, identifying hazards, and ensuring that safety considerations remain a priority during dynamic and high-risk operations.

Budget Highlights, cont. -

The adopted budget funds the fire apparatus replacement program, budgeting for the replacement of an engine ($1,225,000), a ladder truck ($2,125,000), and a tanker truck ($750,000) for the Fire Department. These vehicles will be financed over 10 years.

The adopted budget adds a fire separation allowance benefit for eligible certified fire personnel. Additional funding was not approved for the benefit. Staff were directed to identify funding within the adopted budget and draft a policy for City Council to review.

PARKS & RECREATION Adopted 2026-2027 Operating Budget $18,649,792 LEE TILLERY, PARKS & RECREATION DIRECTOR Mission Statement The purpose of the Administration Division is to provide the various administrative functions of the department and provide supervision to the divisions that provide recreational programs, neighborhood recreation centers, and landscaping and grounds maintenance. The Programs Division consists of various athletic programs, each of the neighborhood recreation centers, Aspire, and Senior Citizen Services. The Special Facilities Division of the Parks and Recreation Department consists of City Lake Park and Pool, Washington Terrace Pool, Oak Hollow Marina and Park, Tennis, Golf, and Grillrooms, as well as Blair Park Golf and Grillrooms. The Parks Division of the Parks and Recreation Department provides services for landscaping. Facilities, and grounds, which include mowing and landscaping at City facilities, medians, and islands. This division does field preparation and maintenance for the various athletic fields in the city. Budget Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$4,748,054

$4,367,020

$4,558,520

4.4%

$4,555,635

Grants & Contributions

31,110

32,050

31,800

-0.8%

32,300

Miscellaneous Revenue

20,941

15,488

0.0%

15,488

BUDGET Revenues Self-Sustaining Programs

General Revenue Allocation

12,573,370

13,509,361

14,043,984

4.0%

15,278,591

$17,373,475

$17,923,919

$18,649,792

4.0%

$19,882,014

Personnel Services

$10,974,874

$11,763,947

$12,606,726

7.2%

$12,923,780

Operating Expenses

Total Expenditures

5,764,888

6,092,972

6,023,066

-1.1%

6,911,234

Capital Outlay

236,300

67,000

20,000

-70.1%

47,000

Debt Service

397,413

0.0%

$17,373,475

$17,923,919

$18,649,792

4.0%

$19,882,014

Parks & Rec Admin

$2,187,081

$2,207,711

$1,723,410

-21.9%

$1,801,507

Programs Division

3,145,932

3,293,101

3,519,229

6.9%

3,737,265

Special Facilities

8,206,247

8,216,268

8,711,901

6.0%

9,359,907

Total Expenditures by Division

Parks Division

3,834,215

4,206,839

4,695,252

11.6%

4,983,335

Total

$17,373,475

$17,923,919

$18,649,792

4.0%

$19,882,014

Personnel Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Full-time Positions

Part-time Positions

Full-time Positions

Part-time Positions

Full-time Positions

Part-time Positions

126

124

Full-time Positions

Part-time Positions

STAFFING Parks & Rec Administration

Programs Division

Special Facilities

Parks Division

Total Positions Authorized: Full-time Positions

123

118

121

Part-time Positions

175

174

Performance Measures Measure(s) Number of Volunteers Percentage of actual expense recovered through revenue Percentage of good and excellent responses in satisfaction survey Number of new social media followers Attend 10 community events each year Number of new programs and special events Maintain an excellent level of cleanliness at park

FY25 Actual 2,866 29.8% 99.2% 3,680 42 164 96.0%

FY26 Projected 2,500 30.0% 90.0% 3,000 30 100 95.0%

FY27 Projected 2,500 30.0% 90.0% 3,000 30 100 95.0%

Budget Highlights -

The adopted budget includes two additonal part-time pak attendants for Parks and Recreation for the new Center for Active Adults, scheduled to open in the fall. These positions will help with additional programming needs, expanded operating hours, and resumed rental responsibilities at the facility.

One part-time counselor for the Adaptive Sports, Programs & Inclusive Recreation (ASPIRE) program was included in the adopted budget that will help promote positive peer interactions, encourage participation, and improve efforts that align with the High Point Parks & Recreation mission.

Budget Highlights, continued -

The adopted budget includes increased (and consolidated fees) in Parks and Recreation at the golf courses (golf cart rental, discount golf card, entire course rental), indoor tennis court rentals at Oak Hollow Tennis Center, resident and non-resident fees for the multi-purpose room at the new Center for Active Adults, and the option to add the weight room when renting the gym at the Recreation Centers. There are also increases approved for the cost of holding games, meets, or practices at the Aderholt Track and Football Field.

LIBRARY Adopted 2026-2027 Operating Budget $8,333,706 MARY M. SIZEMORE, LIBRARY DIRECTOR Mission Statement The Library’s mission is to nurture the joy of reading, share the power of knowledge, strengthen the sense of community, and enhance community vitality. The library supports this mission by focusing on the strategic priorities of creating a customer-centered workforce, building cross-functional teamwork capacity, maximizing operational effectiveness, using our facility and technology innovatively, and providing convenient and available access. The library serves customers and staff by acquiring, cataloging, and maintaining an electronic database of library materials. The library serves children from birth through age 12, and their caregivers, with programming developed to encourage, support, and foster the child's inalienable right to read, learn, and become the person of their choice. The library assists library users of all ages to locate requested materials, specific, general, business-related, and genealogical information using the resources of the City's library, other libraries, and on-line information sources and databases. The library develops and markets adult and young adult fiction book collections and non-print materials collections. The library lends circulating materials through in person and remote checkout. The History Museum shares greater High Point's history by exploring the power of memory, providing perspective for current issues, and strengthening the sense of community.

Budget Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$603,448

$609,483

$671,539

10.2%

$671,539

Grant Revenues

16,000

0.0%

Fees, Fines & Copies

8,759

7,500

0.0%

5,000

BUDGET Revenues Guilford County Contribution

Miscellaneous Revenue

31,993

11,600

0.0%

11,600

6,233,518

6,927,257

7,643,067

10.3%

7,885,306

$6,893,718

$7,555,840

$8,333,706

10.3%

$8,573,445

Personnel Services

$5,197,944

$5,734,971

$6,352,452

10.8%

$6,513,033

Operating Expenses

1,669,590

1,820,869

1,981,254

8.8%

2,060,412

Capital Outlay

1,943

0.0%

Debt Service

24,241

0.0%

$6,893,718

$7,555,840

$8,333,706

10.3%

$8,573,445

General Revenue Allocation Total Expenditures

Total

Budget Summary, cont. 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

Library Administration

$975,433

$1,012,164

$1,046,916

3.4%

$1,067,353

Technical Services

349,388

380,999

407,916

7.1%

422,175

Library Building Maint.

518,310

534,616

608,750

13.9%

629,650

Children's Services

748,932

832,964

948,186

13.8%

929,531

Research Services

1,034,312

1,199,658

1,297,356

8.1%

1,326,171

Information Services

400,884

426,936

468,250

9.7%

506,524

Reader's Services

949,512

1,050,012

1,191,168

13.4%

1,223,323

Heritage Resource Ctr.

277,248

287,320

303,937

5.8%

313,136

Lending Services

810,849

878,418

1,036,873

18.0%

1,064,900

BUDGET Expenditures by Division

Historical Museum Total

828,850

952,753

1,024,354

7.5%

1,090,682

$6,893,718

$7,555,840

$8,333,706

10.3%

$8,573,445

Personnel Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Full-time Positions

Part-time Positions

Full-time Positions

Part-time Positions

Full-time Positions

Part-time Positions

Full-time Positions

Part-time Positions

STAFFING Library Administration Full-time Positions Technical Services Full-time Positions Library Building Maint. Full-time Positions Children's Services

Research Services

Information Services Full-time Positions Reader's Services

Lending Services

Personnel Summary, cont. 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Full-time Positions

Part-time Positions

Full-time Positions

Part-time Positions

STAFFING Heritage Resource Ctr. Full-time Positions Historical Museum

Total Positions Authorized:

Performance Measures Measure(s) Technical Services Holdings added Holdings withdrawn Children's Services Number of all children's services programs provided Number of childcare home/center programs presented Research Services Customer transactions Employment or business questions Information Services Number of public computers and peripherals maintained Wi-Fi users Reader's Services Circulation of downloadable materials Instructional sessions Lending Services Number of customers at drive-through Accuracy of shelved items Historical Museum Audience served Percentage of information requests answered

FY25 Actual

FY26 Projected

FY27 Projected

18,014 39,979

19,000 20,000

19,500 19,000

1,417 370

1,600 350

1,610 375

20,441 386

21,000 400

21,500 425

98 20,533

98 25,000

98 26,000

257,456 877

300,000 930

320,000 950

7,046 99%

7,100 98.0%

7,150 98.0%

237,415 100%

221,000 100.0%

240,000 100.0%

Budget Highlights -

The adopted budget includes an Investment for the High Point Kids Fest Event by the High Point Public Library, which will be a family event with live performances, local vendors, youth activities, and a canned-food drive.

HIGH POINT THEATRE Adopted 2026-2027 Operating Budget $1,815,610 DR. DAN BARNARD, THEATRE DIRECTOR Mission Statement The mission of the High Point Theatre is to excel in quality programming, customer service and facility utilization. The High Point Theatre's contribution to the cultural and artistic climate can help High Point in becoming the most livable city in North Carolina. Budget Summary BUDGET

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$470,124

$552,419

0.0%

$585,419

51,117

65,000

0.0%

40,000

Revenues Box Office/Theatre Rentals Concessions Sales Miscellaneous Revenue

31,400

67,500

0.0%

67,500

General Revenue Allocation

879,821

1,003,474

1,130,691

12.7%

1,170,202

$1,432,462

$1,688,393

$1,815,610

7.5%

$1,863,121

Personnel Services

$702,130

$757,445

$868,587

14.7%

$890,603

Operating Expenses

716,446

930,948

947,023

1.7%

972,518

Debt Service

13,886

0.0%

$1,432,462

$1,688,393

$1,815,610

7.5%

$1,863,121

Administration

$413,381

$429,694

$488,342

13.6%

$498,007

Box Office

238,954

272,407

323,057

18.6%

329,505

Technical Services

525,169

725,339

745,099

2.7%

768,839

Total Expenditures

Total Expenditures by Division

Building Maintenance Total

254,958

260,953

259,112

-0.7%

266,770

$1,432,462

$1,688,393

$1,815,610

7.5%

$1,863,121

Personnel Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Full-time Positions

Part-time Positions

Full-time Positions

Part-time Positions

STAFFING Administration Full-time Positions Box Office

Technical Services Full-time Positions Total Positions Authorized:

Performance Measures Measure(s) Overall Attendance Rental for entire venue, including Mendenhall Transportation Terminal (MTT)

FY25 Actual 57,943

FY26 Projected 58,500

FY27 Projected 60,000

$218,522

$380,750

400,000

ECONOMIC DEVELOPMENT Adopted 2026-2027 Operating Budget $627,757 PETER BISHOP, ECONOMIC DEVELOPMENT DIRECTOR Mission Statement The mission of High Point Economic Development is to work to retain existing business and industry in the city, assist local companies expanding in High Point, attract new businesses to locate in the city, and collaborate with partners to increase new job creation and investment throughout the NC Carolina Core / Piedmont Triad region. Budget Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$444,090

$544,387

$627,757

15.3%

$642,520

$444,090

$544,387

$627,757

15.3%

$642,520

Personnel Services

$411,521

$484,386

$526,356

8.7%

$539,979

Operating Expenses

31,243

60,001

101,401

69.0%

102,541

Debt Service

1,326

0.0%

$444,090

$544,387

$627,757

15.3%

$642,520

$444,090

$544,387

$627,757

15.3%

$642,520

$444,090

$544,387

$627,757

15.3%

$642,520

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

BUDGET Revenues General Revenue Allocation Total Expenditures

Total Expenditures by Division Economic Development Total

Personnel Summary STAFFING Economic Development Full-time Positions

Performance Measures Measure(s) Meeting with clients, to help create jobs and increase the tax base Interacting effectively with Guilford County Economic Development Alliance colleagues on projects

FY25 Actual 197

FY26 Projected 100

FY27 Projected 100

207

100

TRANSPORTATION Adopted 2026-2027 Operating Budget $4,164,883 GREG VENABLE, TRANSPORTATION DIRECTOR Mission Statement The Department of Transportation is responsible for the safe and efficient movement of persons and goods on a system of streets and thoroughfares within the City of High Point. Budget Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

NCDOT Sign/Signal Maint.

$450,897

$370,000

0.0%

$370,000

Miscellaneous Revenue

63,070

25,500

0.0%

25,500

3,036,478

3,406,273

3,769,383

10.7%

3,861,088

$3,550,445

$3,801,773

$4,164,883

9.6%

$4,256,588

Personnel Services

$2,389,022

$2,682,838

$3,012,065

12.3%

$3,093,596

Operating Expenses

1,068,871

1,118,935

1,152,818

3.0%

1,162,992

62,104

0.0%

BUDGET Revenues

General Revenue Allocation Total Expenditures

Capital Outlay Debt Service

30,448

0.0%

$3,550,445

$3,801,773

$4,164,883

9.6%

$4,256,588

Administration

$1,217,856

$1,349,547

$1,492,705

10.6%

$1,528,974

Signs & Markings

958,605

1,019,996

1,150,852

12.8%

1,175,735

Traffic Signals

884,451

888,980

951,758

7.1%

970,186

Computer Signal System

489,533

543,250

569,568

4.8%

581,693

$3,550,445

$3,801,773

$4,164,883

9.6%

$4,256,588

Total Expenditures by Division

Total

100

Personnel Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Full-time Positions

Part-time Positions

Full-time Positions

Part-time Positions

STAFFING Administration Full-time Positions Signs & Markings

Traffic Signals Full-time Positions Computer Signal System Full-time Positions Total Positions Authorized:

Performance Measures Measure(s) Administration Permits issued (all types) Studies, reports, and development plans reviewed (external submittals) Traffic safety or operational measures implemented (new or updated) Traffic Signs & Markings Arrow or symbols replaced Faded or damaged signs replaced Special event traffic management (staff hours) Traffic Signals Traffic detectors tested and repaired Traffic signal preventative maintenance Traffic signal upgrades (new detection type, add peds, etc.) Computer Signal System Department computers repaired or replaced Malfunctions identified and corrected without maintenance callout Traffic Signal operations evaluated and retimed

101

FY25 Actual

FY26 Projected

FY27 Projected

53 182

55 190

60 200

196 817 250

200 850 270

220 850 270

16 236 1

18 240 3

18 240 5

6 20

6 22

20 30

PLANNING Adopted 2026-2027 Operating Budget $1,807,614 MICHAEL HARVEY, INTERIM PLANNING & DEVELOPMENT DIRECTOR Mission Statement Shaping a more livable High Point by facilitating and promoting a shared, comprehensive plan for the development of the community that advances a quality environment, both natural and built; by creating strategies that guide development in a manner that protects and enhances the community; and by administering services that implement the comprehensive plan and form a safe, sustainable and livable place.

Budget Summary BUDGET

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$113,072

$112,000

0.0%

$119,500

Revenues Planning Fees General Revenue Allocation

1,567,142

1,601,071

1,695,614

5.9%

1,739,930

$1,680,214

$1,713,071

$1,807,614

5.5%

$1,859,430

Personnel Services

$1,316,873

$1,532,829

$1,623,273

5.9%

$1,665,463

Operating Expenses

355,709

180,242

184,341

2.3%

193,967

7,632

0.0%

$1,680,214

$1,713,071

$1,807,614

5.5%

$1,859,430

Total Expenditures

Debt Service Total Expenditures by Division Planning

$1,680,214

$1,713,071

$1,807,614

5.5%

$1,859,430

Total

$1,680,214

$1,713,071

$1,807,614

5.5%

$1,859,430

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Personnel Summary STAFFING Planning Full-time Positions

Performance Measures Measure(s) Board Case Decisions Consistent with Staff Recommendation Code Confirmation Reports Issued by Completion Date P&D Land Development Records Reviewed by Completion Date Land Development Records per Case Manager

102

FY25 Actual 90% 99% 91% 36.3

FY26 Projected 95% 99% 95% 35

FY27 Projected 95% 99% 95% 35

INSPECTIONS SERVICES Adopted 2026-2027 Operating Budget $2,914,414 CHRISTOPHER WHALEY, INSPECTIONS SERVICES DIRECTOR Mission Statement Provide timely and accurate reviews of development proposals to ensure consistency with the City's goals and objectives. Conduct work program projects to promote sustainable, cost-efficient and coordinated development. Provide full, clear and accurate information in all activities. To administer the Uniform Statewide Building Code and associated laws and ordinances of the City of High Point in a courteous, responsive, and professional manner in order to contribute to the health, safety, and welfare of the community. Budget Summary BUDGET

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$1,325,350

$2,029,000

$1,954,000

-3.7%

$1,954,000

Revenues Inspection Fees

959,944

725,697

960,414

32.3%

1,389,287

$2,285,294

$2,754,697

$2,914,414

5.8%

$3,343,287

Personnel Services

$2,081,342

$2,498,739

$2,599,763

4.0%

$2,667,076

Operating Expenses

200,885

255,958

314,651

22.9%

676,211

3,067

0.0%

$2,285,294

$2,754,697

$2,914,414

5.8%

$3,343,287

Building Inspections

$1,776,303

$2,133,150

$2,272,630

6.5%

$2,684,307

Development Services

508,991

621,547

641,784

3.3%

658,980

$2,285,294

$2,754,697

$2,914,414

5.8%

$3,343,287

General Revenue Allocation Total Expenditures

Debt Service Total Expenditures by Division

Total

Personnel Summary STAFFING

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Inspection Services: Full-time Positions Development Services: Full-time Positions

103

Performance Measures Measure(s) Inspections conducted per month Number of administrative inspections conducted per month Number of commercial construction permits issued Number of Zoning Inspections

FY25 Actual 1,676 405 662 858

FY26 Projected 1,650 400 650 800

FY27 Projected 1,700 400 700 850

Budget Highlights -

Several changes to the fee schedule for Inspections are adopted, consisting of removal of fees, consolidation of existing fees, and changes to existing/new fees. Inspections fees adopted to be removed include code compliance site visits, building evaluations, permit assessments (document scanning, record conversion, residential change in use), and overthe-counter permits for fire protection and commercial plumbing fixture replacement. The adopted budget simplifies the fee structure by consolidating groups of similar permit fees into broader, easier-to-understand categories. For example, instead of separate over-the-counter residential electrical fees for outlets, fixtures, sub-panels, generators, and other items, these would be combined into a single over-the-counter residential electrical permit. Similar consolidation is planned for residential mechanical and plumbing permits, as well as commercial electrical and plumbing categories, along with other trade-based calculations. This streamlining makes the structure clearer and better aligned with how the work is performed. Changes to existing fees include reducing two residential permit fees to align them with similar charges and increasing two sign permit fees to meet the minimum commercial construction standards. Four additional fees for residential, commercial, and over-the-counter permits are being adjusted to better reflect the actual services provided. Finally, two reinspection fees are being revised to account for the rising cost associated with repeated failed inspections. Three new minimum fees are being added under over-the-counter permits and zoning compliance to cover unlisted items and refund processing. Four fees are being introduced in the commercial fire protection category to meet required North Carolina Fire Code permitting. Two additional fees are adopted: one for ABC building code compliance to ensure cost recovery, and another for the commercial stocking permit to simplify the customer experience.

104

COMMUNITY DEVELOPMENT & HOUSING Adopted 2026-2027 Operating Budget $2,606,670 THANENA WILSON, COMMUNITY DEVELOPMENT DIRECTOR Mission Statement To strengthen neighborhoods by providing decent, safe, and affordable housing for low- to moderateincome families, promoting community and economic development opportunities, assisting with provision of services for homeless and other vulnerable populations, and strategic code enforcement. Budget Summary BUDGET

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$349,457

$246,000

0.0%

$246,000

Revenues Department Revenue

1,497,551

2,267,283

2,360,670

4.1%

$2,464,783

$1,847,008

$2,513,283

$2,606,670

3.7%

$2,710,783

Personnel Services

$995,610

$1,211,497

$1,288,342

6.3%

$1,321,206

Operating Expenses

661,490

1,301,786

1,318,328

1.3%

1,389,577

Capital Outlay

185,282

0.0%

Debt Service

4,626

0.0%

$1,847,008

$2,513,283

$2,606,670

3.7%

$2,710,783

$1,065,141

$1,207,593

$1,279,012

5.9%

$1,365,569

Tax Foreclosure Properties

191,039

206,000

0.0%

206,000

Local Code Enforcement

590,828

1,099,690

1,121,658

2.0%

1,139,214

$1,847,008

$2,513,283

$2,606,670

3.7%

$2,710,783

General Revenue Allocation Total Expenditures

Total Expenditures by Division CD & Housing

Total

Personnel Summary STAFFING

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

CD & Housing Full-time Positions Local Code Enforcement Full-time Positions Total Positions Authorized: Full-time Positions

105

Performance Measures Measure(s) CDBG-CV* Public Services CDBG-CV* Public Services - Number of agencies assisted Dollars invested in Public Service Grants Public Service Grants - Number of Organizations Assisted Funds expended for Housing Demolitions Number of minimum housing cases demolished by the City Funds Expended on Cases Abated by the City Number of Public Nuisance Cases Abated by City *Community Development Block Grant CARES Act

106

FY25 Actual $101,751 3 $84,180 10 $52,086 4 $87,375 231

FY26 Projected $85,500 2 $75,000 6 $60,000 5 $89,000 235

FY27 Projected $0 0 $75,000 6 $60,000 5 $88,000 233

PUBLIC SERVICES Adopted 2026-2027 Operating Budget $10,909,524 ROBBY STONE, PUBLIC SERVICES DIRECTOR Mission Statement The purpose of the Public Services Administrative group is to oversee the divisions that provide the citizens of High Point with garbage collection, recyclables collection, yard waste collection, loose trash collection, a Material Recovery Facility, a solid waste disposal facility, a yard waste composting facility, public cemeteries, stormwater maintenance, and road and bridge maintenance services. The Street Maintenance Division strives to provide the safest and best roadways possible for citizens of the City of High Point. Budget Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$3,956,624

$3,883,202

-1.9%

$3,883,202

State Highway Maintenance

110,000

220,000

0.0%

220,000

Other Department Revenue

115,666

103,700

128,700

24.1%

128,700

General Revenue Allocation

4,054,563

6,236,293

6,677,622

7.1%

7,076,159

$8,236,853

$10,516,617

$10,909,524

3.7%

$11,308,061

Personnel Services

$3,110,050

$3,948,672

$4,123,954

4.4%

$4,225,417

Operating Expenses

5,061,887

6,567,945

6,785,570

3.3%

7,082,644

62,655

0.0%

BUDGET Revenues State Powell Bill Funds

Total Expenditures

Capital Outlay Debt Service Total

2,261

0.0%

$8,236,853

$10,516,617

$10,909,524

3.7%

$11,308,061

$556,037

$571,101

$581,261

1.8%

$596,515

Expenditures by Division Administration Cemeteries

330,503

425,791

542,177

27.3%

514,461

Street Maintenance

7,350,313

9,519,725

9,786,086

2.8%

10,197,085

$8,236,853

$10,516,617

$10,909,524

3.7%

$11,308,061

Total

107

Personnel Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Full-time Positions

Part-time Positions

Full-time Positions

Part-time Positions

STAFFING Administration Full-time Positions Cemeteries Full-time Positions Street Maintenance

Total Positions Authorized:

Performance Measures Measure(s) Street Maintenance Number of lane miles of streets resurfaced in-house Cost per lane mile resurfaced

108

FY25 Actual

FY26 Projected

FY27 Projected

3.47 $75,589

4.00 $79,368

4.50 $83,336

SPECIAL APPROPRIATIONS Adopted 2026-2027 Operating Budget $3,451,284 Mission Statement Special Appropriations budgets have been designated to present recommended appropriations for City contributions to outside organizations and other General Fund expenditures not provided for in departmental operating budgets. Budget Summary BUDGET

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

Special Appropriations

$2,940,382

$1,624,157

$2,764,099

70.2%

$2,436,685

Joblink Idol Street Bldg

$77,864

$84,401

$83,369

-1.2%

$84,391

Shared Use Kitchen

$253,816

100.0%

$254,269

Stadium Maintenance

$350,000

100.0%

$358,401

Special Appropriations includes funds for the following: ♦ $935,000 for general property and general liability insurances. ♦ $143,260 for city-wide memberships to groups such as Piedmont Triad Council of Governments and the Guilford County Economic Development Alliance among others. ♦ $250,000 for Marketing and Branding Task Force recommendations. ♦ $312,500 allocation to Downtown High Point. ♦ $515,000 for outside non-profit organization funding. ♦ $879,000 for property tax administration. ♦ ($2,250,000) in salary savings.

109

TRANSFERS & REIMBURSEMENTS Adopted 2026-2027 Operating Budget ($2,871,857) Mission Statement Transfers and Reimbursements budgets are used to account for the transfers and reimbursements to other funds for direct and indirect costs. Budget Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

($539,577) ($539,577)

($4,126,292) ($4,126,292)

($2,871,857) ($2,871,857)

-30.4% -30.4%

($405,712) ($405,712)

($15,280,654) 14,741,077 ($539,577)

($17,013,577) 12,887,285 ($4,126,292)

($18,596,497) 15,724,640 ($2,871,857)

9.3% 22.0% -30.4%

($18,596,497) 18,190,785 ($405,712)

BUDGET Revenues General Revenue Allocation Total Expenditures Cost Allocation Interfund Reimbursements Total

To meet recommendations on the presentation of budget transfers and reimbursements from the Government Finance Officers Association (GFOA), we show certain transfers as offsetting expenses, which is a negative number. Transfers & Reimbursements includes the following annual transfers: ♦ General Debt Service Fund

$6,512,664

♦ CDBG* Fund

187,000

♦ Special Grants Fund

583,456

♦ General Capital Projects Fund

4,956,510

♦ General Bond Projects Fund

600,000

♦ Economic Development Fund

150,000

♦ Central Services Fund ♦ Transit Fund

41,223 2,307,408

♦ Transit Capital Projects Fund

44,000

♦ Parking Fund

175,000

♦ LEO** Pension Trust Fund

50,000

♦ Reimbursement to Electric Fund

117,379

*Community Development Block Grant (CDBG) **Law Enforcement Officer (LEO)

110

GENERAL DEBT SERVICE FUND Adopted 2026-2027 Operating Budget

$14,739,600 The General Debt Service fund is used to account for the accumulation of resources for and the payment of general long-term debt principal and interest. Debt service for proprietary funds are found in the individual fund summaries. Budget Summary BUDGET Revenues Fund Balance Property Tax Stadium Op. Agreement Visit High Point Miscellaneous Total Revenues Transfers Net Revenues Expenditures Debt Service Total Expenditures

2024-2025 Actual

2025-2026 Budget

2025-2026 Est. Act.

2026-2027 Adopted

% Change

2027-2028 Projected

$0 4,675,550 911,745 250,000 1,258,050 $7,095,345 $6,533,563 $13,628,908

$944,529 4,741,703 900,000 250,000 500,000 $7,336,232 $6,366,900 $13,703,132

$0 4,794,551 1,020,000 250,000 569,288 $6,633,839 $6,366,900 $13,000,739

$1,698,893 4,878,043 900,000 250,000 500,000 $8,226,936 6,512,664 $14,739,600

79.9% 2.9% 0.0% 0.0% 0.0% 12.1% 2.3% 7.6%

$1,698,893 4,878,043 900,000 250,000 500,000 $8,226,936 6,512,664 $14,739,600

$13,348,544 $13,348,544

$13,703,132 $13,703,132

$14,739,600 $14,739,600

7.6% 7.6%

$14,739,600 $14,739,600

111

GENERAL DEBT SERVICE FUND REVENUES & EXPENDITURES Revenues The General Debt Service Fund includes a dedicated 3.4 cents of the tax rate to fund the 2004 bond authorization. The budget also includes the revenue associated with the Downtown Multi-Use Stadium project, including funds from the stadium operating agreement, the funding commitment of $250,000 annually from Visit High Point, and the tax increment financing estimate. The tax increment financing estimate for FY 2026-27 is $1,759,114. Expenditures The budget includes funding for all current debt service. The below table shows the adopted schedule of debt payments for FY 2026-27. General Debt Service 2014 Refunding 2016 Refunding 2018 2/3rds 2018 Limited Obligation Bond 2020 Limited Obligation Bond 2020 Refunding 2022A EST 2022B EST 2022C GO Bonds Bond Anticipation / Issuance Costs (Legal) 2024 GO 2/3 Bond 2025 Stadium Improvement LOB

2026 Issue (est) Total:

112

2025-2026 Budget $1,173,074 1,854,377 490,875 2,511,026 1,265,461 1,073,997 715,500 1,964,564 606,709 160,000 1,065,865 821,684 0 $13,703,132

2026-2027 Adopted $1,031,931 1,770,801 477,675 2,489,993 1,244,885 1,111,161 689,000 1,912,813 328,516 160,000 1,028,455 804,934 1,689,436 $14,739,600

GENERAL CAPITAL PROJECTS FUND Adopted 2026-2027 Operating Budget

$6,458,510 The General Capital Projects Fund is used to account for pay-go General Fund capital projects. Resources for these projects are used for the acquisition or construction of capital facilities, other than those financed by the enterprise funds. Long-term general capital projects, which are generally financed by general obligation bonds, can be found in the Capital Improvement Program section of this document. Budget Summary 2024-2025 Actual

2025-2026 Budget

2025-2026 Est. Act.

2026-2027 Adopted

$ Change

% Change

Intergovernmental

$744,840

$228,000

Miscellaneous

430,427

$32,500

($228,000)

-100.0%

275,000

0.0%

Debt Proceeds

6,753,193

500,000

(500,000)

-100.0%

Total Revenues

$7,928,460

$728,000

$32,500

$275,000

($453,000)

-62.2%

Interfund Transfers

$5,865,208

$4,500,323

$6,183,510

$1,683,187

37.4%

Net Revenues

$13,793,668

$5,228,323

$4,532,823

$6,458,510

$1,230,187

23.5%

Operating

$6,364,866

$1,245,000

$6,213,620

$196,000

($1,049,000)

-84.3%

Capital

9,525,297

2,940,000

3,730,465

5,219,187

2,279,187

77.5%

150,823

0.0%

Total Expenditures

$16,040,986

$4,185,000

$9,944,085

$5,415,187

$1,230,187

29.4%

Interfund Transfers Net Expenditures

$1,043,323

0.0%

$16,040,986

$5,228,323

$10,987,408

$6,458,510

$1,230,187

23.5%

BUDGET REVENUES

EXPENDITURES

Debt Service

GENERAL CAPITAL PROJECTS FUND REVENUES & EXPENDITURES Revenues Funding for General Capital Projects comes from a transfer from the General Fund, transfers from other funds, and proceeds from the sale of land. The core switch refresh project includes funding from the General Fund ($209,000), Water Resources Fund ($209,000), Electric Fund ($334,400), Solid Waste Fund ($58,520), and Stormwater Fund ($25,080). Expenditures A summary of funded projects can be found on the next page. Detailed information on all General Capital Projects can be found in the Capital Improvement Program (CIP) section of the document.

113

Pay-Go General Capital Projects Budgeted Expenditures

2025-2026 2026-2027 Adopted Adopted Budget Budget

Information Technology Enterprise Resource Planning (ERP) Upgrade* Core Switch Refresh

$1,200,000 0

$0 836,000

Facilities Facilities Improvements Church Property Demolition and Site Prep Downtown Infrastructure Improvements

$350,000 500,000 0

$350,000 0 1,937,187

Fire Station Upgrades & Renovations

$250,000

Parks and Recreation Playground & Equipment Legion Site Parking Lot/Restrooms Deferred Maintenance Program Sand Trap Replacement

75,000 190,000 205,000 0

75,000 0 225,000 251,000

$275,000

$47,000

$276,000

Theatre Replace PA System Theatre Maintenance and Repair

$200,000 0

$0 200,000

Planning GIS** Orthoimagery Program

$45,000

Stadium Stadum Capital Reserve Library Library – Sealing and Cleaning Exterior

*The core switch refresh project is funded by the General Fund ($209,000), Water Resources Fund ($209,000), Electric Fund ($334,400), Solid Waste Fund ($58,520), and Stormwater Fund ($25,080). **Geographic Information System (GIS)

114

Pay-Go General Capital Projects Budgeted Expenditures Continued

2025-2026 2026-2027 Adopted Adopted Budget Budget

Community Development Shared-Use Kitchen

$350,000

Transportation City Sidewalk Construction CMAQ* – Future Projects

$250,000 228,000

$300,000 0

Public Services Local Match for NCDOT** Bridge Projects Local Bridge Maintenance/Repair

$45,000 250,000

$45,000 350,000

Total General Capital Projects

$4,185,000

* Congestion Mitigation and Air Quality ** North Carolina Department of Transportation (NCDOT)

115

$5,415,187 29.4%

116

WATER RESOURCES FUND

Adopted 2026-2027 Operating Budget

$80,304,500 The Water Resources Fund operations is used to account for the provision of water and sewer services to the residents of the City and some County residents. All expenses necessary to provide such services are accounted for in this fund as well as debt service on water resources bond issues. Budget Summary BUDGET

2024-2025 Actual

2025-2026 Budget

2025-2026 Est. Act.

2026-2027 Adopted

$ Change

% Change

REVENUES Operating Revenue

$68,076,027

$73,430,500

$73,561,096

$77,925,260

$4,494,760

6.1%

Miscellaneous

34,265,651

2,349,508

3,062,372

2,379,240

29,732

1.3%

Debt Proceeds

30,579,311

0.0%

$102,341,678

$75,780,008

$76,623,468

$80,304,500

$4,524,492

6.0%

Personnel Services

$12,995,891

$15,044,371

$14,018,338

$16,153,893

$1,109,522

7.4%

Operating

18,403,301

20,024,170

20,424,653

20,989,770

965,600

4.8%

Contingency

300,000

0.0%

Debt Service

46,003,941

17,191,770

17,806,360

614,590

3.6%

Capital

11,529,983

13,288,489

14,274,000

985,511

7.4%

Reimbursements

9,205,815

9,881,208

10,711,200

829,992

8.4%

$98,138,931

$75,730,008

$74,804,458

$80,235,223

$4,505,215

5.9%

$70,000

$50,000

$69,277

$19,277

38.6%

$98,208,931

$75,780,008

$74,854,458

$80,304,500

$4,524,492

6.0%

Total Revenues EXPENDITURES

Total Expenditures Interfund Transfers Net Expenditures

117

WATER RESOURCES FUND REVENUES & EXPENDITURES Revenues The adopted budget increases water and sewer rates by 8%. The increased rates will help fund increases in personnel and operating costs, including the immediate infrastructure needs of the aging system. The increased rates also assist in the funding of the department’s pay-go capital plan and debt service for previous and upcoming revenue bond issuances. The adopted budget for operations does not include any appropriation of reserves. Expenditures Personnel Services are increasing by $1,109,522, or 7.4%, due to implementation of the final phase of compensation and classification study adjustments, a 2.5% pay plan adjustment, an average mid-year merit adjustment of 3%, increased health insurance costs, and increased employer contributions for retirement. The adopted budget includes the addition of two new positions for Water Resources: one electronics technician and one plant electrician in the Facilities Maintenance Division of the Water Resources Department. These positions will support the department by ensuring uninterrupted equipment maintenance and facility operations essential to the City’s water and sewer treatment processes. Operating expenses have increased $905,300, or 4.5% primarily due to continuing increases in costs for fuel, maintenance supplies, and parts for the aging infrastructure of the system and facilities. Pay-go capital includes $14,065,000 in funding for water resources capital projects.

118

WATER RESOURCES Adopted 2026-2027 Operating Budget $80,304,500 ALLISON KRAFT, WATER RESOURCES DIRECTOR Mission Statement The purpose of Water Resources is to oversee the divisions that provide the citizens and businesses of High Point with high quality drinking water and a system to collect and treat wastewater and to protect the environment through effective wastewater treatment in accordance with the rules and regulations of the state and Environmental Protection Agency. The department manages the divisions of water supply, treatment, and distribution as well as sewer collection and wastewater treatment to ensure that all services are provided effectively and efficiently according to city policy. Budget Summary BUDGET

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$40,890,496

$43,735,000

$46,936,100

7.3%

$49,190,990

520,376

560,000

630,730

12.6%

681,250

Revenues Residential Sales City Sales Industrial Sales

2,911,403

3,206,000

3,276,840

2.2%

3,338,990

Commercial Sales

16,256,527

17,812,000

18,472,010

3.7%

19,949,780

Irrigation Sales

2,470,132

2,503,000

3,162,070

26.3%

3,218,980

Other Charges for Service

5,027,093

5,614,500

5,447,510

-3.0%

5,786,300

Debt Proceeds

30,579,311

0.0%

Miscellaneous

3,686,340

2,349,508

2,379,240

1.3%

2,381,000

$102,341,678

$75,780,008

$80,304,500

6.0%

$84,547,290

Personnel Services

$12,995,891

$15,044,371

$16,153,893

7.4%

$16,961,588

Operating Expenses

18,403,301

20,024,170

20,989,770

4.8%

22,252,276

Contingency

300,000

0.0%

300,000

Debt Service

46,003,941

17,191,770

17,806,360

3.6%

18,440,330

Capital Projects

11,529,983

13,288,489

14,274,000

7.4%

14,975,000

Reimbments-Other Funds

9,205,815

9,881,208

10,711,200

8.4%

11,568,096

$98,138,931

$75,730,008

$80,235,223

5.9%

$84,497,290

$70,000

$50,000

$69,277

38.6%

$50,000

$98,208,931

$75,780,008

$80,304,500

6.0%

$84,547,290

Total Expenditures

Total Transfers Net Expenditures

119

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

Administration

$3,863,093

$5,324,497

$5,364,183

0.7%

$5,582,544

Eastside Plant

4,192,863

4,549,994

4,622,823

1.6%

4,880,956

Westside Plant

2,082,472

2,384,656

2,484,425

4.2%

2,715,192

Mains

5,432,795

6,491,903

6,815,870

5.0%

7,194,447

Laboratory Services

1,506,606

1,587,851

1,720,270

8.3%

1,812,613

Maintenance Services

6,400,037

5,833,135

6,664,691

14.3%

7,095,136

Frank L. Ward Plant

4,615,415

5,419,700

5,610,912

3.5%

5,917,012

Residuals Management

2,471,190

2,554,930

2,861,315

12.0%

3,111,412

BUDGET Expenditures by Division

675,489

790,903

794,513

0.5%

954,552

Debt Service

45,976,675

17,191,770

17,806,360

3.6%

18,440,330

Transfers & Reimb.

20,992,296

23,350,669

25,259,138

8.2%

26,543,096

300,000

0.0%

300,000

$98,208,931

$75,780,008

$80,304,500

6.0%

$84,547,290

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Full-time Positions

Part-time Positions

Full-time Positions

Part-time Positions

Full-time Positions

Part-time Positions

Full-time Positions

Part-time Positions

Full-time Positions

Part-time Positions

Special Appropriations

Contingency Total

Personnel Summary STAFFING Administration Full-time Positions Eastside Plant

Westside Plant Full-time Positions Mains

Laboratory Services

Maintenance Services

Frank L. Ward Plant

120

Personnel Summary, cont. 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Full-time Positions

149

150

152

Part-time Positions

STAFFING Residuals Management Full-time Positions Total Positions Authorized:

Performance Measures Measure(s) Number of units of wastewater treated (effluent total) – Eastside & Westside Number of units of water treated - Ward New sewer taps installed – Mains New water taps installed – Mains Number of Sewer Repairs (mains, aerials, manholes, services) Number of Water Repairs (mains, valves, services) Maintain cost per unit treated at less than $1.12 (Westside/Eastside/Main) Solids (sludge) Disposal Costs - Residuals Cost per unit of water treated – Ward/Maint Percent of collection system cleaned – Mains NPDES* notice of violations (permit) – Eastside & Westside Conform to NCDENR** permit parameters (sewer overflows) – Mains NCDENR Notice of violations – Ward *National Pollutant Discharge Elimination System (NPDES) **North Carolina Department of Environment and Natural Resources (NCDENR)

121

FY25 Actual

FY26 Projected

FY27 Projected

8,518,863

8,664,211

8,887,607

5,644,413 46 57 135 388

5,870,190 46 58 140 400

6,104,997 50 50 140 400

$0.74

$0.60

$0.06 $0.81 8.5% 2 4 0

$0.06 $0.83 12.0% 2 10 0

$0.06 $0.83 10.0% 2 10 0

WATER RESOURCES DEBT SERVICE 2024-2025 Actual

2025-2026 Budget

2026-2027 Adopted

% Change

2027-2028 Projected

$556,318

$100,000

0.0%

$100,000

32,609

0.0%

32,609

Revenue Bonds 2014

1,347,875

0.0%

Refunding Series 2016

4,605,650

4,595,401

4,602,026

0.1%

4,604,775

Series 2019 Revenue Bond

3,409,225

3,405,850

3,403,101

-0.1%

3,405,601

696,071

0.0%

2022 Revenue Bond

2,331,700

2,329,200

2,329,575

0.0%

2,327,700

2022B Refunding Bonds

2,403,187

2,404,971

2,402,213

-0.1%

2,400,931

2022C Refunding Series

354,241

263,477

-100.0%

2024 Refunding Bonds

346,910

2,360,262

2,363,648

0.1%

2,359,118

2025 Revenue Bonds

1,700,000

2,573,188

51.4%

2,568,812

Water Resources Debt Service Legal Service Fees Federal Revolving Loan ARRA

2021B Refunding

Future Revenue Bonds Total

0.0%

633,970

$16,083,786

$17,191,770

$17,806,360

3.6%

$18,440,330

122

WATER RESOURCES CAPITAL PROJECTS Pay-Go Water Resources Projects

2025-2026

2026-2027

Budgeted Expenditure

Adopted

Accounting Unit 421779

Budget

Generators - Automation/Replacement

$250,000

Obsolete Water Lines

2,000,000

3,000,000

Obsolete Sewer Lines

2,000,000

3,000,000

Alum Sludge Removal

400,000

425,000

Water Storage Tank Maintenance

200,000

700,000

NCDOT* - TIP** Program (W/S Utilities)

350,000

Water/Sewer Developer Reimbursements

150,000

250,000

Wastewater Plants and Lift Stations Equipment Replacement

200,000

Water Distribution Master Plan CIP Recommendations

1,350,000

1,300,000

Sewer System Improvements

125,000

Water System Improvements

125,000

Arc Flash Project

75,000

Large Water Meter Change Out 1.5" and up

150,000

Ward Water Treatment Plant Capital Projects

200,000

750,000

Tuff Booms - Ward Protection

150,000

Eastside - Filter 1-4 Rebuild

1,500,000

Gallimore Dairy Road Widening (W/S Utilities)

1,040,000

Ward Water Treatment Plant Paving

653,489

Watershed Protection Plan

150,000

Westside - Primary Clarifier #1 Coating Repairs

10,000

Westside - Primary Clarifier #2 Coating Repairs

10,000

Eastside - Dissolved Air Flotation (DAF) System

300,000

2,000,000

100,000

Lead and Copper Rule Revisions

Pennywood Lift Station Repairs Eastside AAA Gates Modification

500,000

Oak Hollow Pump and Drive

1,000,000

Demolition - Kearns Water Plant

600,000

565,000

$12,988,489

$14,065,000

Westside – Final Clarifier #3 Coating Repairs Total Water and Sewer Capital Projects *North Carolina Department of Transportation (NCDOT) **Transportation Improvement Program (TIP)

123

8.3%

124

ELECTRIC FUND

Adopted 2026-2027 Operating Budget

$126,989,179 The Electric Fund is used to account for the Electric Operations Department as well as the Customer Service Department. Collectively, these departments provide electric services and simple information access to the residents and businesses of the City of High Point. All expenses necessary to provide such services are accounted for in this fund. Budget Summary 2024-2025 Actual

2025-2026 Budget

2025-2026 Est. Act.

2026-2027 Adopted

$ Change

% Change

$9,338,517

($9,338,517)

-100.0%

147,603,892

125,253,100

126,531,472

125,253,100

0.0%

7,148,905

1,957,744

3,654,397

1,736,079

(221,665)

-11.3%

$154,752,797

$136,549,361

$130,185,869

$126,989,179

($9,560,182)

-7.0%

$14,529,950

$15,762,789

$15,003,117

$17,230,204

$1,467,415

9.3%

Operating

11,636,574

11,268,260

13,045,079

11,696,816

428,556

3.8%

Wholesale Power

71,103,274

75,000,000

72,000,000

75,000,000

0.0%

BUDGET REVENUES Fund Balance Operating Revenue Miscellaneous Total Revenues EXPENDITURES Personnel Services

Contingency

450,000

0.0%

Capital Outlay

2,943,834

3,656,000

361,000

3,656,000

0.0%

Capital

9,692,618

21,417,500

21,897,500

9,397,350

(12,020,150)

-56.1%

Reimbursements

6,244,862

7,164,812

7,616,769

451,957

6.3%

Total Expenditures

$116,151,112

$134,719,361

$129,471,508

$125,047,139

($9,672,222)

-7.2%

Interfund Transfers

$36,926,214

$1,830,000

$1,350,000

$1,942,040

$112,040

6.1%

Net Expenditures

$153,077,326

$136,549,361

$130,821,508

$126,989,179

($9,560,182)

-7.0%

125

ELECTRIC FUND REVENUES & EXPENDITURES Revenues The adopted budget includes no increases to electric rates but includes the following fee changes: A change in the Renewable Energy Portfolio Standard (REPS) charge. These charges are collected for the express purpose of enabling the City to meet its Renewable Energy Portfolio Standards compliance obligations as required by the North Carolina General Assembly. The funds collected are a pass-through to the power agency. The adopted budget for electric operations does not include any appropriation of reserves. Expenditures Personnel Services are increasing $1,467,415, or 9.3% due to implementation of the final phase of compensation and classification study adjustments, a 2.5% pay plan adjustment, an average mid-year merit adjustment of 3%, increased health insurance costs, and increased employer contributions for retirement. Wholesale power cost for FY 2026-27 is budgeted at $75.0 million, which is the single largest expense in the Electric Fund and citywide budget. This expense is estimated based on the current year’s trends. The budget continues to invest funds to maintain electric infrastructure and includes $9,397,350 in major capital projects. This has decreased approximately $12.02 million compared to the current year, as the annual capital needs vary based on the size and scope of projects. Capital investments are necessary to maintain efficient and ongoing operation of the Electric System. Major capital projects include transmission pole replacements ($1.0 million), substation expansion ($2.0 million), and the rebuilding of the buss at the Commerce substation ($5,037,350).

126

CUSTOMER SERVICE Adopted 2026-2027 Operating Budget $8,000,996 JEREMY COBLE, CUSTOMER SERVICE DIRECTOR Mission Statement The Customer Service Department will serve as the catalyst to provide simple and easy access to our customers as they request information and/or services and utilities from the City of High Point. We will work to blend the needs of our customers and the operation of City departments to broker a positive response for the purpose of creating healthy families, safe and livable neighborhoods and prosperous business.

Budget Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

Electric Revenue Allocation

$6,534,560

$7,012,963

$8,000,996

14.1%

$7,874,440

Total

$6,534,560

$7,012,963

$8,000,996

14.1%

$7,874,440

Personnel Services

$4,450,291

$4,986,540

$5,504,174

10.4%

$5,643,131

Operating Expenses

2,084,269

2,026,423

2,496,822

23.2%

2,231,309

Total Expenditures by Division

$6,534,560

$7,012,963

$8,000,996

14.1%

$7,874,440

Administration

$672,657

$851,054

$950,750

11.7%

$685,860

Meter Reading

865,954

891,774

1,265,682

41.9%

1,299,432

Collections & Contact

1,519,990

1,738,604

1,854,579

6.7%

1,883,901

0.0%

Telephone Center

14,844 1,454,693

0 1,556,855

1,807,782

16.1%

1,834,941

Water Meter Services

950,277

877,689

928,726

5.8%

946,426

BUDGET Revenues

Expenditures

Mailroom

Dispatch

549,339

561,155

617,415

10.0%

633,069

Field Services

506,806

535,832

576,062

7.5%

590,811

Total

$6,534,560

$7,012,963

$8,000,996

14.1%

$7,874,440

127

Personnel Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Full-time Positions

Part-time Positions

Full-time Positions

Part-time Positions

STAFFING Administration Full-time Positions Meter Reading Full-time Positions Revenue Collections

Telephone Center Full-time Positions Water Meter Services Full-time Positions Dispatch Full-time Positions Field Services Full-time Positions Total Positions Authorized:

Performance Measures FY25 Actual 238,716 284,625 19,684 $208,937,173 17,238 8,446 100% 5%

Measure(s) Number of calls answered Number of customers paying utility bills via internet Number of walk-in customers assisted Utility amount collected Number of move in requests Number of move out requests % showroom taxes collected % water meters over 15 years old

128

FY26 Projected 241,103 499,342 19,700 $215,806,450 17,650 8,850 100% 4%

FY27 Projected 243,514 509,329 20,000 $222,000,000 18,092 8,764 100% 4%

ELECTRIC OPERATIONS Adopted 2026-2027 Operating Budget $118,988,183 TYLER BERRIER, ELECTRIC UTILITIES DIRECTOR Mission Statement The Electric Department strives to maintain and improve efficiency of the department, including but not limited to, quality street lighting, outdoor lighting, and substation and line maintenance, as well as to provide new facilities for electric system growth. Our mission is to promote a prosperous community for the benefit of City of High Point residents.

Budget Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

Residential Sales

$46,727,373

$47,000,000

0.0%

$47,000,000

Industrial Sales

15,000,000

0.0%

15,000,000

Commercial Sales

11,964,829 53,592,080

52,900,000

0.0%

52,900,000

Other Services

35,319,610

10,810,844

2,588,183

-76.1%

1,430,451

Interest on Investments

7,148,905

1,500,000

0.0%

1,500,000

2,325,554

-100.0%

$154,752,797

$129,536,398

$118,988,183

-8.1%

$117,830,451

Personnel Services

$10,079,659

10,776,249

11,726,030

8.8%

$12,040,044

Operating Expenses

80,655,579

84,241,837

84,199,994

0.0%

84,257,638

Capital Outlay

2,943,834

3,656,000

0.0%

3,656,000

Contingency

450,000

0.0%

450,000

Capital Projects

9,692,618

21,417,500

9,397,350

-56.1%

8,210,000

Reimbursements

6,244,862

7,164,812

7,616,769

6.3%

7,616,769

$109,616,552

$127,706,398

$117,046,143

-8.3%

$116,230,451

$36,926,214

$1,830,000

$1,942,040

6.1%

$1,600,000

$118,988,183

-8.1%

$117,830,451

BUDGET Revenues

Fund Balance Total Expenditures

Total Transfers Net Expenditures

$146,542,766

$129,536,398

129

Budget Summary, cont. 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$1,601,547

$1,871,548

$1,989,439

6.3%

$2,034,354

Administration

1,092,637

1,157,112

1,247,829

7.8%

1,237,493

Power Supply Expense

71,103,274

76,183,692

76,133,692

-0.1%

76,133,692

Warehouse Operations

820,360

879,497

7.2%

891,018

Structures & Stations

1,196,757 1,266,968

1,208,890

1,277,014

5.6%

1,299,210

Lines Maintenance

1,528,308

1,863,847

2,019,747

8.4%

2,019,747

Street Lighting

348,567

412,721

0.0%

412,721

Meter/Customer Install

162,355

368,195

383,195

4.1%

383,195

System Improvements

14,915,160

17,072,649

17,874,301

4.7%

18,167,662

419,452

3.1%

429,453

BUDGET Expenditures by Division Engineering

192,769

406,717

Electric Capital

9,692,618

21,417,500

9,397,350

-56.1%

8,210,000

Transfers & Reimb.

43,441,806 0

6,303,167

6,503,946

3.2%

6,161,906

450,000

0.0%

450,000

$146,542,766

$129,536,398

$ 118,988,183

-8.1%

$117,830,451

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Special Appropriations

Contingency Total

Personnel Summary STAFFING Engineering Full-time Positions Administration Full-time Positions

Part-time Positions

Full-time Positions

Part-time Positions

Full-time Positions

Part-time Positions

Full-time Positions

Part-time Positions

Warehouse Operations

Structures & Stations Full-time Positions Electric System Improvements

Total Positions Authorized:

130

Performance Measures Measure(s) Customer average interruption duration index (CAIDI) (hours/interruption) System average interruption duration index (SAIDI) (hours/customer) System average interruption frequency index (SAIFI) (interruptions/customer)

FY25 Actual

FY26 Projected

FY27 Projected

1.160

1.500

1.370

1.000

1.170

1.000

Electric Capital Projects Pay-Go Electric Projects Budgeted Expenditure Accounting Unit 431799

2025-26 Adopted Budget

2026-27 Adopted Budget

Area Outdoor Lighting Street Lighting Downtown Underground Overhead-Underground Conversion Eastchester Transformer 1 Replacement Filter T1 Transformer Replacement Rebuild Buss at Commerce Substation Transmission Pole Replacements Northeast Substation Underground Subdivision Cable Replacement New Electric Operations Center - Construction Phillips Substation Expansion

$110,000 200,000 200,000 100,000 1,457,500 750,000 0 0 0 600,000 16,000,000 2,000,000

$110,000 200,000 200,000 100,000 0 750,000 5,037,350 1,000,000 2,000,000 0 0 0

Total Electric Capital Projects

$21,417,500 $9,397,350 -56.1%

131

132

PARKING FACILITIES FUND

Adopted 2026-2027 Operating Budget

$1,062,682 The Parking Facilities Fund operates under the direction of the Transportation Department. The fund is used to account for the operation and maintenance of the City's various parking facilities. Budget Summary BUDGET

2024-2025

2025-2026

2026-2027

Actual

Budget

Est. Act.

Adopted

Change

REVENUES Fund Balance

$600,000

$357,682

($242,318)

-40.4%

Operating Revenue

474,974

458,500

491,541

505,000

46,500

10.1%

Miscellaneous

39,745

32,731

26,528

25,000

(7,731)

-23.6%

Total Revenues

$514,719

$1,091,231

$518,069

$887,682

($203,549)

-18.7%

Interfund Transfer

$165,000

$175,000

0.0%

Net Revenues

$679,719

$1,266,231

$693,069

$1,062,682

($203,549)

-16.1%

Personnel Services

$278,581

$338,030

$300,606

$355,534

$17,504

5.2%

Operating

239,717

253,201

246,871

257,148

3,947

1.6%

Capital

75,000

675,000

450,000

(225,000)

-33.3%

$593,298

$1,266,231

$1,222,477

$1,062,682

($203,549)

-16.1%

EXPENDITURES

Total Expenditures

PARKING FUND REVENUES & EXPENDITURES Revenues The adopted budget includes an appropriation of $357,682 in fund balance for major capital improvements at the parking decks. The Parking Fund is subsidized by a $175,000 transfer from the General Fund. Expenditures The adopted budget includes a transfer of $450,000 to the Parking Capital Projects Fund. This will allow for ongoing maintenance and repairs and several major improvements at the parking decks.

133

PARKING FACILITIES Adopted 2026-2027 Operating Budget $1,062,682 GREG VENABLE, TRANSPORTATION DIRECTOR Mission Statement The Parking Facilities Division is responsible for providing and maintaining safe off-street parking facilities to the residents and visitors of the City of High Point. The fund operates under the direction of the Director of Transportation.

Budget Summary BUDGET

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

Revenues Departmental Revenue

$474,974

$458,500

$505,000

10.1%

$505,000

Miscellaneous Revenue Appropriated Fund Balance

39,745 0

32,731 600,000

25,000 357,682

-23.6% -40.4%

25,000 371,950

Total

$514,719 $165,000

$1,091,231 $175,000

$887,682 $175,000

-18.7% 0.0%

$901,950 $175,000

Net Revenues

$679,719

$1,266,231

$1,062,682

-16.1%

$1,076,950

Expenditures Personnel Services

$278,581

$338,030

$355,534

5.2%

$364,701

Operating Expenses Capital Outlay

186,372 53,345

253,201 0

257,148 0

1.6% 0.0%

262,249 0

Capital

75,000

675,000

450,000

-33.3%

450,000

$593,298

$1,266,231

$1,062,682

-16.1%

$1,076,950

#2 Broad Street #3 High Ave/#4 W. Commerce

$40,856 352,460

$56,525 441,644

$56,654 460,074

0.2% 4.2%

$57,128 470,276

#1 Hotel Parking Capital

71,637 53,345

93,062 0

95,954 0

3.1% 0.0%

99,546 0

Transfers & Reimbursements

75,000

675,000

450,000

-33.3%

450,000

Total

$593,298

$1,266,231

$1,062,682

-16.1%

$1,076,950

Transfers

Total Expenditures by Division

Personnel Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Full-time Positions

Part-time Positions

STAFFING Parking Facilities

134

________________________________________________________________________________ Performance Measures Measure(s) Broad Street Daily parking customers Monthly parking contracts (new or extended) High & W. Commerce Daily parking customers Monthly parking contracts (new or extended) Main Street Deck (hotel) Daily parking customers Monthly parking contracts (new or extended)

FY25 Actual

FY26 Projected

FY27 Projected

1,414 499

2,500 450

3,805 2,836

8,300 4,200

2,572 42

3,750 120

3,750 1,680

Parking Capital Projects Pay-Go Parking Projects Budgeted Expenditure Accounting Unit 451999

2025-2026 Adopted Budget

2026-2027 Adopted Budget

Parking Deck Improvements Broad Street Deck Elevator Modernization

$675,000 0

$75,000 375,000

Total Parking Capital Projects

$675,000

$450,000

135

136

SOLID WASTE FUND

Adopted 2026-2027 Operating Budget

$21,944,820 The Solid Waste Fund operations are under the direction of the Public Services Department. The fund is used to account for the operation and maintenance of the City's landfill, municipal recycling facility, and garbage collection service. Budget Summary BUDGET

2024-2025 Actual

2025-2026 Budget

2025-2026 Est. Act.

2026-2027 Adopted

$ Change

% Change

$3,470,292

$503,860

($2,966,432)

-85.5%

18,587,751

20,045,150

19,147,007

21,149,460

1,104,310

5.5%

385,142

316,500

149,951

291,500

(25,000)

-7.9%

REVENUES Fund Balance Operating Revenue Miscellaneous Total Revenues

$18,972,893

$23,831,942

$19,296,958

$21,944,820

($1,887,122)

-7.9%

Interfund Transfers

$4,712,255

0.0%

Net Revenues

$23,685,148

$23,831,942

$19,296,958

$21,944,820

($1,887,122)

-7.9%

EXPENDITURES Personnel Services

$7,336,238

$8,405,162

$7,473,109

$8,797,578

$392,416

4.7%

Operating

8,616,579

10,509,248

10,246,517

11,027,856

518,608

4.9%

Capital Outlay

294,787

20,000

(20,000)

-100.0%

Capital

3,738,496

1,150,000

50,000

(1,100,000)

-95.7%

Reimbursements

1,636,832

1,853,752

1,983,032

129,280

7.0%

$21,622,932

$21,938,162

$20,743,378

$21,858,466

($79,696)

-0.4%

$105,000

$1,893,780

$84,000

$86,354

($1,807,426)

-95.4%

$21,727,932

$23,831,942

$20,827,378

$21,944,820

($1,887,122)

-7.9%

Total Expenditures Interfund Transfers Net Expenditures

137

SOLID WASTE FUND REVENUES & EXPENDITURES Revenues For the past two years, the Public Services Department and other key staff have worked with an outside consultant to examine the Solid Waste function and services provided, including the existing fee structure and fiscal health of the Solid Waste Fund. Costs for the services provided by Solid Waste continue to significantly outpace revenues. To keep the fund in good financial standing for next year, a $2 per month increase to the solid waste availability fee for collection services is adopted. This increase, alongside some short-term reductions in capital and other expenses, will allow staff to work on expanding the scope of the feasibility study to include examination of alternative revenue sources, cost and frequency of services, and a long-term plan for the fund and services for when the landfill is set to close. Short and long-term recommendations will be brought to City Council in the next fiscal year. In addition to the above fee increases, the Ingleside Compost Facility charges for the sale of certain types of yard debris. Fees are adopted to increase for engineered soil (+$3/ton), wood mulch (+$3/ton), compost (+$1/ton) and leaf mulch (+$3/ton). These fees remain lower than comparable facilities and will help offset the continued growth in the cost of operating this facility. Expenditures Personnel Services include an average mid-year merit adjustment of 3%, implementation of the final phase of compensation and classification study adjustments, a 2.5% pay plan adjustment, increased employer contribution for retirement, and higher health insurance costs. Operating expenses are increased by $518,608, an increase of 4.9%. This is driven by increases to vehicle replacement charges ($264,048), reflective of the increased replacement costs of large vehicles and other rolling stock over the past several years, as well as increases for the cost of fuel. Solid Waste capital projects have been reduced as a temporary cost savings measure for FY 2026-27. The full list of adopted projects can be found in the Capital Improvement Program (CIP) section of the document.

138

SOLID WASTE Adopted 2026-2027 Operating Budget $21,944,820 ROBBY STONE, PUBLIC SERVICES DIRECTOR Mission Statement The Ingleside Compost facility is the collection point for the drop off of residential and commercial yard waste and provides products for purchase (mulch and engineered soil). Landfill Operations will provide a safe and equitable means of solid waste disposal for its customers while complying with all state and federal rules or regulations. The Material Recovery Facility will provide the citizens of High Point with a material recovery facility which properly processes, separates, packages, and ships an estimated 9,000+ tons annually of co-mingled recyclables and provides cardboard recovery for bi-annual Furniture Markets. The Environmental Services division provides the customers of High Point with quality weekly collection of household waste, yard waste, and bulky items and bi-weekly recycling collection to ensure a safe and livable community.

Budget Summary BUDGET

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$3,470,292

$503,860

-85.5%

$3,824,861

18,587,751

20,045,150

21,149,460

5.5%

21,149,460

294,914

226,500

201,500

-11.0%

176,500

Revenues Fund Balance Operating Revenue Miscellaneous State Excise Tax

90,228

90,000

0.0%

90,000

Total

$18,972,893

$23,831,942

$21,944,820

-7.9%

$25,240,821

Transfers

$4,712,255

0.0%

Net Revenues

$23,685,148

$23,831,942

$21,944,820

-7.9%

$25,240,821

Personnel Services

$7,336,238

$8,405,162

$8,797,578

4.7%

$9,014,286

Operating Expenses

8,616,579

10,509,248

11,027,856

4.9%

11,508,723

Capital Outlay

294,787

20,000

-100.0%

Expenditures

Capital

3,738,496

1,150,000

50,000

-95.7%

925,000

Reimbursements-Other Funds

1,636,832

1,853,752

1,983,032

7.0%

1,983,032

$21,622,932

$21,938,162

$21,858,466

-0.4%

$23,431,041

$105,000

$1,893,780

$86,354

-95.4%

$1,809,780

$21,727,932

$23,831,942

$21,944,820

-7.9%

$25,240,821

Total Transfers Net Expenditures

139

Budget Summary, continued BUDGET

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

Expenditures by Division Ingleside

$1,038,609

$1,112,119

$1,219,449

9.7%

Landfill Operations

$1,253,260

5,504,408

8,708,079

7,032,802

-19.2%

9,062,189

Material Recovery Fac.

2,468,810

2,833,286

2,968,987

4.8%

3,067,533

Environmental Services Solid Waste Capital

8,794,639

9,868,162

10,509,807

6.5%

10,849,906

3,738,496

1,150,000

50,000

-95.7%

925,000

182,970

160,296

163,775

2.2%

82,933

$21,727,932

$23,831,942

$21,944,820

-7.9%

$25,240,821

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Full-time Positions

Part-time Positions

Full-time Positions

104

Part-time Positions

Special Approp/Transfers Total

Personnel Summary STAFFING Ingleside Full-time Positions Landfill Operations Full-time Positions Material Recovery Facility Full-time Positions Environmental Services

Total Positions Authorized:

140

Performance Measures Measure(s) Landfill Tons of municipal solid waste received Municipal solid waste disposal cost Tons of yard waste received Yard waste disposal cost/ton Material Recovery Facility Tons of material received/processed Recyclable materials sold Environmental Services Percent of normal scheduled pick-ups Refuse cost per collection point (Target - <$73)

FY25 Actual

FY26 Projected

FY27 Projected

134,531 $60.02 18,586 $28.05

135,000 $60.00 19,000 $28.00

8,992 $814,041

9,562 $520,000

10,000 $600,000

99% $43.36

99% $43.64

Solid Waste Capital Projects Pay-Go Solid Waste Projects Budgeted Expenditure Accounting Unit 461749

2025-2026 Adopted Budget

2026-2027 Adopted Budget

Kersey Valley Phase I-IV Post Closure-Reserve MRF* Ongoing Maintenance Compactor Replacement Kersey Valley Landfill Phase VII Expansion

$171,000 50,000 1,100,000 5,700,000

$171,000 50,000 0 0

Total Solid Waste Capital Projects

$7,021,000

$221,000

*Material Recovery Facility (MRF)

141

-96.9%

Solid Waste Landfill Development and Post-Closure Reserve Fund 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

Fund Balance

$5,871,000

$171,000

-97.1%

$4,171,000

Miscellaneous

753,579

0.0%

$753,579

$5,871,000

$171,000

-97.1%

$4,171,000

0.0%

$753,579

$5,871,000

$171,000

-97.1%

$4,171,000

$4,933,255

$5,871,000

$171,000

-97.1%

$4,171,000

$4,933,255

$5,871,000

$171,000

-97.1%

$4,171,000

BUDGET Revenues

Total Post-Closure Fund Transfers Net Revenues Expenditures Transfers Total Post-Closure Fund

142

STORMWATER FUND

Adopted 2026-2027 Operating Budget

$7,865,098 The Stormwater Fund is used to account for the operation and maintenance of the City's Stormwater program which manages runoff through pipe maintenance/repair, ditch maintenance, stream cleaning, bank stabilization, and oversight of detention lakes and ponds maintenance. Budget Summary 2024-2025 Actual

2025-2026 Budget

2025-2026 Est. Act.

2026-2027 Adopted

$ Change

% Change

$755,111

$968,708

$213,597

28.3%

6,650,225

6,659,135

6,551,171

6,696,390

37,255

0.6%

463,426

225,000

168,488

200,000

(25,000)

-11.1%

Total Revenues

$7,113,651

$7,639,246

$6,719,659

$7,865,098

$225,852

3.0%

Interfund Transfers

0.0%

$7,113,651

$7,639,246

$6,719,659

$7,865,098

$225,852

3.0%

Personnel Services

$1,736,247

$2,267,157

$1,793,153

$1,919,719

($347,438)

-15.3%

Operating Expenditures

1,932,686

2,466,364

2,404,705

2,626,762

160,398

6.5%

Debt Service

948,884

884,588

719,434

(165,154)

-18.7%

Capital Outlay

6,912

0.0%

BUDGET REVENUES Fund Balance Operating Revenue Misc. & Other Revenue

Net Revenues Expenditures

Capital

4,599,371

950,000

1,050,000

100,000

10.5%

Reimbursements

899,888

1,035,137

1,520,077

484,940

46.8%

$10,123,988

$7,603,246

$7,067,583

$7,835,992

$232,746

3.1%

Interfund Transfers

$45,000

$36,000

$29,106

($6,894)

-19.2%

Net Expenditures

$10,168,988

$7,639,246

$7,103,583

$7,865,098

$225,852

3.0%

Total Expenditures

143

STORMWATER FUND REVENUES & EXPENDITURES Revenues Stormwater fees are projected to bring in $6,696,390 in revenue for FY 2026-27. The adopted budget includes an appropriation of $968,708 in fund balance reserves. Expenditures Personnel Services are decreasing by approximately $347K as five positions have transitioned into the Engineering and Facilities Department in the general fund. The operating budget includes $542,600 for contractual services to perform routine stormwater maintenance. The full list of adopted Stormwater capital projects can be found in the Capital Improvement Program (CIP) section of the document.

144

STORMWATER Adopted 2026-2027 Operating Budget $7,865,098 ROBBY STONE, PUBLIC SERVICES DIRECTOR Mission Statement The mission of the Stormwater Fund is to provide citizens with a comprehensive Stormwater management program that addresses Stormwater pollution and provides timely assistance in making drainage improvements on public and private property based on eligibility and prioritized needs.

Budget Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$6,650,225

$6,659,135

$6,696,390

0.6%

$6,696,390

Miscellaneous

463,425

225,000

200,000

-11.1%

175,000

Fund Balance

755,111

968,708

28.3%

975,702

$7,113,650

$7,639,246

$7,865,098

3.0%

$7,847,092

Personnel Services

$1,736,247

$2,267,157

$1,919,719

-15.3%

$1,966,683

Operating Expenses

1,932,686

2,466,364

2,626,762

6.5%

2,685,021

Debt Service

948,884

884,588

719,434

-18.7%

625,311

Capital Outlay

6,912

0.0%

Capital

4,599,371

950,000

1,050,000

10.5%

1,050,000

Reimb.-Other Funds

899,888

1,035,137

1,520,077

46.8%

1,520,077

$10,123,988

$7,603,246

$7,835,992

3.1%

$7,847,092

$45,000

$36,000

$29,106

-19.2%

$10,168,988

$7,639,246

$7,865,098

3.0%

$7,847,092

BUDGET Revenues Operating Revenue

Total Expenditures

Total Interfund Transfers Net Expenditures Expenditures by Division Stormwater Maintenance

$4,575,733

$5,768,658

$6,066,558

5.2%

$6,171,781

Stormwater Capital

4,599,371

950,000

1,050,000

10.5%

1,050,000

Stormwater Debt Service

948,884

884,588

719,434

-18.7%

625,311

Transfers

45,000

36,000

29,106

-19.2%

$10,168,988

$7,639,246

$7,865,098

3.0%

$7,847,092

Total

145

Personnel Summary STAFFING

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

27 2

22 2

Stormwater Maintenance Full-time Positions Part-time Positions

Performance Measures FY25 Actual 346 $160.50 325 564 804

Measure(s) Miles of curb line swept Cost per curb mile swept Feet of stormwater drain pipe installed Number of stormwater SCMs* Inspected Linear feet of storm drain pipes cleaned *Stormwater Control Measures (SCMs)

FY26 Projected 400 $168.53 400 575 1,000

FY27 Projected 450 $176.96 500 575 1,200

STORMWATER DEBT SERVICE Stormwater Debt Service

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$120,858

$108,894

$90,538

20.3%

Refunding Series 2014 Refunding Series 2016

380,410

373,248

356,426

4.7%

341,392

Refunding Series 2020

266,437

263,357

272,470

-3.3%

283,919

Refunding Series 2022C

187,003

139,089

-100.0%

$954,708

$884,588

$719,434

-18.7%

$625,311

Total Stormwater Fund

STORMWATER CAPITAL PROJECTS Pay-Go Stormwater Projects Budgeted Expenditure Accounting Unit 471739 Annual Culvert Repairs CCTV* Trailer with Equipment Replacement Total Stormwater Capital Projects *Closed Circuit Television (CCTV)

146

2025-2026 Adopted Budget

2026-2027 Adopted Budget

$900,000 50,000

$1,000,000 50,000

$950,000

$1,050,000

10.5%

CENTRAL SERVICES FUND

Adopted 2026-2027 Operating Budget

$21,850,289 The Central Services Fund is used to account for the financing of goods and services provided by one department to other departments on a cost reimbursement basis.

Budget Summary 2024-2025 Actual

2025-2026 Budget

2025-2026 Est. Act.

2026-2027 Adopted

$ Change

% Change

Charges for Services

$16,135,217

$16,649,946

$14,399,775

$17,403,233

$753,287

4.5%

Miscellaneous

6,985,978

4,157,954

6,171,332

4,347,056

189,102

4.5%

Interfund Transfer

1,012,108

150,000

703,960

100,000

(50,000)

-33.3%

Total Revenues

$24,133,303

$20,957,900

$21,275,067

$21,850,289

$892,389

4.3%

Personnel Services

$2,377,431

$2,555,675

$2,612,865

$2,874,647

$318,972

12.5%

Operating

9,263,336

11,759,309

11,465,326

13,043,481

1,284,172

10.9%

Capital Outlay

9,554,560

5,480,245

6,034,205

5,395,245

(85,000)

-1.6%

BUDGET REVENUES

EXPENDITURES

Debt Service Total Expenditures

1,731,191

1,162,671

536,916

(625,755)

-53.8%

$22,926,518

$20,957,900

$21,275,067

$21,850,289

$892,389

4.3%

CENTRAL SERVICES FUND REVENUES & EXPENDITURES Revenues Fleet charges are increased $787,265 to cover the costs for vehicle and other rolling stock replacements, as well as overhead and the other services provided by the Fleet Services Department. Expenditures The adopted budget funds $4,750,000 towards the replacement of vehicles and other rolling stock. Planned fleet purchases include two (2) dump trucks, fifteen (15) police vehicles, three (3) rear loader refuse trucks, one (1) side loader refuse truck, two (2) wheel loaders, one (1) bucket truck, one (1) skid steer, one (1) 15-passenger van, SUV’s, light duty pickup trucks, body equipped work trucks, work trucks with dump bodies, and other necessary rolling stock.

147

RADIO REPAIR SHOP Adopted 2026-2027 Operating Budget $2,453,654 ADAM WARD, INFORMATION TECHNOLOGY DIRECTOR Mission Statement The Radio Maintenance Division operations are under the direction of the Information Technology Department. This division is responsible for the installation and maintenance of all City-owned two-way communications systems and components. Budget Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$2,527,788

$2,655,758

$2,453,654

-7.6%

$2,537,932

$2,527,788

$2,655,758

$2,453,654

-7.6%

$2,537,932

Personnel Services

$448,527

$457,362

$528,716

15.6%

$542,607

Operating Expenses

988,219

1,516,380

1,574,938

3.9%

1,595,325

Capital Outlay

2,528,267

500,000

350,000

-30.0%

400,000

Debt Service

873,926

182,016

-100.0%

$4,838,939

$2,655,758

$2,453,654

-7.6%

$2,537,932

$4,838,939

$2,655,758

$2,453,654

-7.6%

$2,537,932

$4,838,939

$2,655,758

$2,453,654

-7.6%

$2,537,932

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

FY 25 Actual

FY 26 Projected

FY 27 Projected

100%

100

BUDGET Revenues Charges for Services Total Expenditures

Total Expenditures by Division Radio Repair Shop Total

Personnel Summary STAFFING Radio Repair Shop Full-time Positions

Performance Measures Measure(s) Radio System Operations – Percentage of time functional Radios Maintained by the Radio Shop Per Month

148

COMPUTER REPLACEMENT Adopted 2026-2027 Operating Budget $954,590 ADAM WARD, INFORMATION TECHNOLOGY DIRECTOR Mission Statement This division's operations are under the direction of the Information Technology Department. Operations in this division provide budgetary information and internal billings for replacing existing computers and related equipment. Budget Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$893,699

$861,444

$954,590

10.8%

$983,229

$893,699

$861,444

$954,590

10.8%

$983,229

$704,397

$821,199

$914,345

11.3%

$917,140

Capital Outlay

40,245

0.0%

66,089

Debt Service

117,185

0.0%

$821,582

$861,444

$954,590

10.8%

$983,229

Computer Replacement

$821,582

$861,444

$954,590

10.8%

$983,229

Total

$821,582

$861,444

$954,590

10.8%

$983,229

BUDGET Revenues Charges For Services Total Expenditures Operating Expenses

Total Expenditures by Division

149

FLEET SERVICES Adopted 2026-2027 Operating Budget $17,974,342 KEVIN ROGERS, FLEET SERVICES DIRECTOR Mission Statement The mission is to provide our customers with the highest quality fleet management services at the lowest possible cost. We strive to service the equipment in the most cost-effective manner possible through high productivity of our personnel and sound professional decisions in the management of the fleet. We are proud of our organization and the services that we provide through hard work, professionalism, and a positive image our people present. We appreciate and encourage pride in services rendered. Budget Summary BUDGET

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$12,362,648

$12,709,521

$13,527,286

6.4%

$14,177,950

4,509,426

4,157,954

4,347,056

4.5%

4,500,026

Revenues Charges for Services Miscellaneous Interfund Transfer Total

1,012,108

150,000

100,000

-33.3%

$17,884,182

$17,017,475

$17,974,342

5.6%

$18,677,976

$1,928,904

$2,098,313

$2,345,931

11.8%

$2,405,402

Expenditures Personnel Services Operating Expenses

7,281,767

8,998,507

10,086,495

12.1%

10,434,698

Capital Outlay

7,026,293

4,940,000

5,005,000

1.3%

5,305,922

Debt Service

589,739

980,655

536,916

-45.2%

531,954

Total

$16,826,703

$17,017,475

$17,974,342

5.6%

$18,677,976

Expenditures by Division Fleet Services

$16,826,703

$17,017,475

$17,974,342

5.6%

$18,677,976

Total

$16,826,703

$17,017,475

$17,974,342

5.6%

$18,677,976

Personnel Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Full-time Positions

Part-time Positions

STAFFING Fleet Services

150

Performance Measures FY25 Actual 12,698 2,860 827,033 4,709 $910,727

Measure(s) Productive Work Hours Total # PM's* Completed Total Gallons of Fuel Purchased Total # Work Orders Completed Total Online Auction Sales *Preventative Maintenance (PM)

151

FY26 Projected 12,750 2,950 845,000 4,686 $875,000

FY27 Projected 13,150 3,050 865,000 4,950 $775,000

PRINT SHOP Adopted 2026-2027 Operating Budget $467,703 JERON HOLLIS, MANAGING DIRECTOR Mission Statement Print Shop operations are under the direction of the Communications and Public Engagement Department. This division is responsible for providing printing and copying services to all City Departments, as well as receiving, processing, and delivering all incoming and outgoing City mail. Budget Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

Charges For Services

$351,082

$423,223

$467,703

10.5%

$486,972

Total

$351,082

$423,223

$467,703

10.5%

$486,972

$288,953

$423,223

$467,703

10.5%

$486,972

150,341

$439,294

$423,223

$467,703

10.5%

$486,972

$439,294

$423,223

$467,703

10.5%

$486,972

$439,294

$423,223

$467,703

10.5%

$486,972

BUDGET Revenues

Expenditures Operating Expenses Debt Service Total Expenditures by Division Print Shop Total

152

ECONOMIC DEVELOPMENT INCENTIVE FUND

Adopted 2026-2027 Operating Budget

$1,500,000 The Economic Development Incentive Fund is used at the City Council’s direction to provide for possible incentives for economic development within the City of High Point. Budget Summary BUDGET

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Est. Act.

Adopted

Change

Projected

REVENUES Fund Balance Interest Intergovernmental Transfer Total Revenues

$1,000,000

$675,000

-32.5%

$675,000

52,848

25,000

24,445

25,000

0.0%

25,000

0.0%

475,000

800,000

68.4%

800,000

$527,848

$1,500,000

$499,445

$1,500,000

0.0%

$1,500,000

$1,124,484

$1,500,000

$1,028,860

$1,500,000

0.0%

$1,500,000

$1,124,484

$1,500,000

$1,028,860

$1,500,000

0.0%

$1,500,000

EXPENDITURES Contractual Services Total Expenditures

ECONOMIC DEVELOPMENT INCENTIVE FUND REVENUES & EXPENDITURES Revenues Incentive payments are funded by previously accumulated reserves and transfers from the General Fund and the Electric Fund. Expenditures Economic development incentives are budgeted at $1,500,000 for FY 2026-27.

153

INSURANCE RESERVE FUND

Adopted 2026-2027 Operating Budget

$27,963,542 The Insurance Reserve Fund is used to budget expenses for health, dental, life insurance, and workers’ compensation insurance contracts. Budget Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Est. Act.

Adopted

Change

Projected

$19,706,603

$20,595,798

$20,295,910

$22,700,800

10.2%

$22,700,800

Life Insurance Premium

427,431

430,705

424,704

437,502

1.6%

438,490

Retiree Health/Dental

610,465

718,750

549,025

826,565

15.0%

900,000

Workers' Compensation

1,911,700

2,000,000

1,911,700

2,000,000

0.0%

2,000,000

Miscellaneous

1,667,729

1,625,000

1,507,788

1,600,000

-1.5%

1,575,000

Fund Balance

508,393

398,675

-21.6%

367,573

$24,323,928

$25,878,646

$24,689,127

$27,963,542

8.1%

$27,981,863

Health/Dental

$18,670,672

$21,778,975

$22,309,456

$23,751,038

9.1%

$23,751,038

Life Insurance

306,660

335,000

314,039

335,000

0.0%

335,000

Retiree Health/Dental

BUDGET REVENUES Health/Dental Premium

Total Revenues EXPENDITURES

1,151,243

1,250,000

1,102,034

1,250,000

0.0%

1,250,000

Wellness

52,374

55,000

46,993

55,000

0.0%

55,000

Workers’ Comp.

917,014

1,638,000

980,557

1,638,000

0.0%

1,630,000

Miscellaneous

805,868

821,671

645,798

934,504

13.7%

960,825

Transfer Total Expenditures

1,155,830

0.0%

$23,059,661

$25,878,646

$25,398,877

$27,963,542

8.1%

$27,981,863

$21,771,467

$23,878,646

$24,026,252

$25,963,542

8.7%

$25,981,863

1,288,194

2,000,000

1,372,625

2,000,000

0.0%

2,000,000

$23,059,661

$25,878,646

$25,398,877

$27,963,542

8.1%

$27,981,863

Expenditures by Division Health & Wellness Workers Compensation Total Expenditures

154

INSURANCE RESERVE FUND REVENUES & EXPENDITURES Revenues The per employee cost for health and dental premiums is increasing 10% for FY 2026-27. There is no increase to the employee contribution for health and dental. Retiree health/dental contributions are increased by 15%. Expenditures Expenditures are based on recent year trends and discussions with the City’s health benefits consultant. The employee health clinic contract is budgeted at a cost of $497,504 for FY 2026-27. This includes funding to perform physicals for Fire Department personnel.

155

GENERAL RISK RETENTION FUND

Adopted 2026-2027 Operating Budget

$0 The General Risk Retention Fund is used to accumulate claim reserves and to pay claims and administrative fees for general and auto liability claims in the City’s self-funded risk program. Budget Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Est. Act.

Adopted

Change

Projected

Miscellaneous

$2,810,913

0.0%

Interfund Transfer In

1,155,830

0.0%

Total Revenues

$3,966,743

0.0%

BUDGET REVENUES

EXPENDITURES General Claims

0.0%

General Risk Retention

0.0%

Total Expenditures

0.0%

Total Expenditures Expenditures by Division

156

SHOWROOM AND OCCUPANCY TAX FUND Adopted 2026-2027 Operating Budget

$6,025,000 The Showroom and Occupancy Tax Fund is used to account for revenues from the occupancy tax on hotels and rental properties and the showroom privilege license tax. The revenues are primarily passed on to Visit High Point and the High Point Market Authority for tourism and furniture market promotion and administration. Budget Summary 2024-2025 Actual

2025-2026 Budget

2025-2026 Est. Act.

2026-2027 Adopted

% Change

2027-2028 Projected

Room Occupancy Tax

$3,317,273

$3,375,000

$3,106,297

$3,275,000

-3.0%

$3,275,000

Business License Tax

1,740,696

1,700,000

1,739,721

1,750,000

2.9%

1,750,000

Transfers

1,000,000

0.0%

1,000,000

$6,057,969

$6,075,000

$5,846,018

$6,025,000

-0.8%

$6,025,000

Market Authority

$3,352,651

$3,325,000

$3,347,468

$3,375,000

1.5%

$3,375,000

Visit High Point

2,455,318

2,500,000

$2,248,550

2,400,000

-4.0%

2,400,000

Transfers

250,000

0.0%

250,000

$6,057,969

$6,075,000

$5,846,018

$6,025,000

-0.8%

$6,025,000

Market Authority

$3,352,651

$3,325,000

$3,347,468

$3,375,000

1.5%

$3,375,000

Visit High Point

2,705,318

2,750,000

2,498,550

2,650,000

-3.6%

2,650,000

$6,057,969

$6,075,000

$5,846,018

$6,025,000

-0.8%

$6,025,000

BUDGET REVENUES

Total Revenues EXPENDITURES

Total Expenditures Expenditures by Division

Total Expenditures

SHOWROOM & OCCUPANCY TAX FUND REVENUES & EXPENDITURES Revenues Current year trends see a slight decrease in room occupancy taxes. Occupancy tax revenues are projected to decrease about 3% compared to the adopted FY 2025-26 budget. Expenditures Occupancy tax revenues are passed through to Visit High Point, the Market Authority, and for the contribution to the debt service payments on the stadium. Showroom license tax revenue is passed through to the Market Authority.

157

COMMUNITY DEVELOPMENT FUND Adopted 2026-2027 Operating Budget

$2,524,000 The Community Development Fund accounts for the receipt and disbursement of all grants, including federal, state, and local grants or entitlements, related to the Community Development Block Grant program. The budget appropriation represents that portion of existing grants which were not fully expended in the prior fiscal year, and which will be reestablished in the current year, and also allowance for grants that will be received during the current year. Budget Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$1,650,373

$1,831,000

$1,785,000

-2.5%

$1,735,000

97,490

527,000

552,000

4.7%

547,000

$1,747,863

$2,358,000

$2,337,000

-0.9%

$2,282,000

$184,689

$187,000

0.0%

$187,000

$1,932,552

$2,545,000

$2,524,000

-0.8%

$2,469,000

Personnel Services

$603,834

$624,265

$644,661

3.3%

$661,499

Operating Expenses

1,192,358

644,735

597,339

-7.4%

525,501

Debt Service

240,371

27,000

0.0%

1,249,000

1,282,000

2.6%

1,282,000

$2,036,563

$2,545,000

$2,524,000

-0.8%

$2,469,000

BUDGET REVENUES Intergovernmental Miscellaneous Total Revenues Transfers Net Revenues EXPENDITURES

Grants Pending Total Expenditures

Personnel Summary STAFFING

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Community Dev. Grants Full-time Positions

158

SUMMARY OF COMMUNITY DEVELOPMENT PROJECTS Grant

Federal

CDBG CTP/NC Housing Finance

$750,000

HOME Urgent Repair Program

400,000

Program Income

Development Payment

State

City Share

Total $750,000

70,000

20,000

INFILL Match S108 Dev Pmt Addington S108 Dev Pmt Kirkwood S108 Dev Pmt Hartley S108 - City Assistance S108 Dev Pmt Avondale Trace Additional Grants Unanticipated 400,000 400,000 Total $1,550,000 $420,000 *Community Development Block Grant (CDBG) **Construction Training Program (CTP)

140,000 420,000

165,000

10,000

175,000

45,000

27,000

50,000

10,000

10,000 62,000

45,000

$132,000

159

62,000 45,000

$235,000

$187,000

800,000 $2,524,000

SPECIAL GRANTS FUND

Adopted 2026-2027 Operating Budget

$6,687,064 The Special Grants Fund accounts for the receipt and disbursement of all grants, including federal, state, and local grants or entitlements but excluding the Community Development Block Grant. The budget appropriation represents that portion of existing grants which were not fully expended in the prior fiscal year, and which will be reestablished in the current year, and also allowance for grants that will be received during the current year. Budget Summary BUDGET

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

$4,585,919

$7,702,706

$6,103,608

-20.8%

$5,383,046

548,828

0.0%

$5,134,747

$7,702,706

$6,103,608

-20.8%

$5,383,046

REVENUES Intergovernmental Revenue Miscellaneous Total Revenues Transfers

$58,883

$110,320

$583,456

428.9%

$1,304,018

$5,193,630

$7,813,026

$6,687,064

-14.4%

$6,687,064

Personnel Services

$425,742

$1,801,404

0.0%

$1,801,404

Operating Expenses

3,969,149

7,813,026

4,885,660

-37.5%

4,885,660

Capital Outlay

1,315,229

0.0%

Debt Service

219,259

0.0%

$5,929,379

$7,813,026

$6,687,064

-14.4%

$6,687,064

Net Revenues EXPENDITURES

Total Expenditures

Personnel Summary STAFFING

2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Grant Positions Full-time Positions

160

SUMMARY OF SPECIAL GRANT PROJECTS Department

Information Technology Information Technology Library Transportation Transportation Theatre Parks & Recreation Public Services Public Services Police Police Police

Police

Police Fire Comm Dev & Housing

Description

911 Grant Fund Comparator Upgrade State Aid to Public Libraries PL Grant - MPO Furniture MarketNCDOT (pass thru) South Arts: Arts in Community Senior Center General Purpose Keep America Beautiful Aquatic Weed Management Federal Forfeiture Funds NC State Drug Excise Tax Funds FY25 Justice Assistance Grant (JAG) FY26 Justice Assistance Grant (JAG) FY25 National Crime Victims’ Rights Week Community Awareness Project (CAP) LE Technology Grant 2025 SAFER Grant VITA 2026 Additional Grants Unanticipated

Federal

State

Local

Other

City Share

Total $630,782

$630,782

365,000

365,000 100,000 308,200

47,602

29,448

100,000 385,250 1,700,000

1,700,000 10,000 10,971

10,000

20,000

3,657

14,628 20,000

20,000 40,000

40,000

80,000 300,000

300,000

500,000

50,000

5,000

250,000 1,351,053

450,351

15,000

250,000 Total $2,944,253 *Metropolitan Planning Organization (MPO) **North Carolina Department of Transportation (NCDOT) ****Volunteer Income Tax Assistance (VITA)

250,000 1,801,404

100,000 $3,081,753

161

$77,602

50,000 $583,456

400,000 $6,687,064

MASS TRANSIT FUND

Adopted 2026-2027 Operating Budget

$6,664,547 The Public Transportation division is responsible for providing safe, reliable transportation at a fair cost to all the citizens of High Point through the High Point Transit System (HPTS), which offers fixed route bus service, Americans with Disabilities Act (ADA) complementary paratransit service, and door-to-door demand responsive service for the elderly. Budget Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Change

Projected

Charges for Service

$357,266

$367,500

0.0%

$367,500

Intergovernmental

6,284,134

3,638,412

3,599,639

-1.1%

3,729,490

Licenses & Permits

413,574

390,000

0.0%

390,000

Miscellaneous

186,090

10,000

-100.0%

10,000

$7,241,064

$4,405,912

$4,357,139

-1.1%

$4,496,990

$1,815,955

$1,765,888

$2,307,408

30.7%

$2,374,444

$9,057,019

$6,171,800

$6,664,547

8.0%

$6,871,434

Personnel Services

$3,172,598

$4,197,554

$4,566,489

8.8%

$4,676,489

Operating Expenses

1,807,304

1,974,246

2,098,058

6.3%

2,042,945

Capital Outlay

406,859

0.0%

152,000

$5,386,761

$6,171,800

$6,664,547

8.0%

$6,871,434

Mass Transit

$3,766,250

$4,875,754

$5,129,052

5.2%

$5,222,706

Transit Grants

791,998

537,794

490,038

-8.9%

594,729

HPTS Access

828,513

758,252

1,045,457

37.9%

1,053,999

$5,386,761

$6,171,800

$6,664,547

8.0%

$6,871,434

BUDGET REVENUES

Total Revenues Transfers Net Revenues Expenditure

Total Expenditures Expenditures by Division

Total Expenditures

Personnel Summary 2024-2025

2025-2026

2026-2027

2027-2028

Actual

Budget

Adopted

Projected

Full-time Positions

Part-time Positions

STAFFING Mass Transit Operating

162

Performance Measures FY25 Actual 496,577 344,334

Measure(s) Unlinked Passenger Trip (fixed route transit) Revenue Miles (fixed route transit)

FY26 Projected 498,000 344,656

FY27 Projected 498,000 347,428

Mass Transit Capital Projects Pay-Go Mass Transit Projects Budgeted Expenditure Accounting Unit 441999

2025-2026 2026-2027 Adopted Adopted Budget Budget

Bus Fleet Replacement Maintenance Facility Renovation Fueling Station Dispenser Replacement Paratransit Vehicle Replacement

$260,000 0 0 385,800

$0 200,000 20,000 0

Total Transit Capital Projects

$645,800

$220,000

Budget Highlights -

Federal grant revenue for operating assistance is budgeted at $2,644,228 for FY 2026-27. State Maintenance Assistance Program (SMAP) funds are budgeted at $554,456.

The Transit Fund is subsidized by a transfer from the General Fund totaling $2,307,408 for FY 202627.

Personnel services include implementation of the final phase of compensation and classification study adjustments, a 2.5% pay plan adjustment, an average mid-year merit adjustment of 3%, increased health insurance costs, and increased employer contributions for retirement.

163

164

FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM (CIP) Capital Project Definition The Capital Improvement Program (CIP) is a prioritized, multi-year plan for major capital expenditures, such as the construction, reconstruction, renovation or replacement of a public building; facility or major equipment items; the purchase of land, buildings or facilities for a public purpose; studies and surveys leading to such physical improvements or any combination of the above. By providing a planned schedule of public improvements, the program outlines present and future needs and intentions. A capital improvement project should have a cost greater than $15,000 and a useful life of at least ten years.

Capital Process Description The City of High Point’s capital improvement program is the result of a detailed financial planning process used by City leaders to establish funding priorities of major capital projects. The purpose is to address the City’s immediate and long-term capital needs in a conscious effort to best provide services and facilities to the citizens of High Point. To accomplish this, the CIP process consists of a three-phase mechanism. Mid-year department heads submit a five-year capital plan to the Budget and Evaluation Department for consideration. This requires substantial planning at the department level to identify projects that are deemed necessary to respond to public needs. A vital segment of the proposal includes entering project financial information into Questica which projects cost estimates as well as the revenue sources for the project. Submission of the project’s financial information is a fundamental component in coordinating the available resources to fund the project. The second phase of the CIP process includes review of each proposal by the Budget and Evaluation Department. Factors analyzed include: • The priority of the project as defined by City leaders or formal Council policy • Feasible funding sources in relation to the projected timetable • Impact the project will have on the operating budget and service levels The projects are evaluated according to the following criteria: • • • • •

Risk to Public Safety or Health Deteriorated Facility Systematic Replacement Improvement of Operating Efficiency Coordination

165

• • • •

Equitable Provision of Services/Facilities Protection and Conservation of Resources New or Substantially Expanded Facility Prior Commitment by City Council or Manager

The budget staff compiles a priority list as the projects relate to the City’s overall mission of “…creating the single most livable, safe and prosperous community in America.” This list of proposed projects is presented to the management team. The final phase consists of compiling the five-year Capital Improvement Program for consideration by the City Council as part of the budget review and adoption process. Recognizing that needs and priorities vary from year-to-year, only the first fiscal year of the five-year program is considered for adoption. The subsequent four years are used for strategic financial planning purposes.

Capital Improvement Funding Funding for the Capital Improvement Program varies by fund. Typically, in the General Capital Projects Fund most of the funding comes by transfer from the General Fund. For Water Resources capital projects, funding comes into the Water Resources Capital Projects Fund by transfer from the Water Resources Fund. The other utility funds (Electric, Solid Waste, and Stormwater Funds) operate in a similar manner, with funding coming into the Capital Funds by transfer from the respective operating fund. Projects that authorize the construction or acquisition of major capital and will extend more than one fiscal year are adopted in Capital Project Ordinance Funds, which are in effect for the life of the project. Bonds, state and federal grants, or some combination of these normally fund these projects. The uniqueness of these funds is that they do not require re-appropriation each fiscal year and are not part of the regular budget but are adopted separately.

166

ADOPTED CAPITAL IMPROVEMENT PROGRAM (CIP) FY 2027-31 The capital budget summary shown below of $59,877,137 is the first year of a five-year capital improvement program which is reviewed and updated annually to meet the capital needs of the community. The largest portions are in Water Resources and Electric. Water Resources includes $6.0 million for water and sewer obsolete line replacement and $20.8 million to rebuild the pump station at Riverdale. Electric is rebuilding the buss at the Commerce Substation ($5.0 million) and expanding the Northeast Substation ($2.0 million). Infrastructure improvements remain a top priority of the City's long-term capital planning as the City of High Point prepares for the present and future challenges of an aging infrastructure, safe water quality and availability of safe waste disposal. Expenditure By Program

Funding Sources

Budget Year Infrastructure 2026-27 Information Technology $836,000 Facilities 2,287,187 Fire 250,000 Parks and Recreation 826,000 Library 276,000 Theatre 200,000 Planning 45,000 Transportation 970,000 Utilities – Electric 9,397,350 Utilities – Water Resources 43,123,600 Public Services 1,666,000 Total $59,877,137

Budget Year Infrastructure - Funding 2026-27 Electric Revenue $9,731,750 Water Resources Revenue 14,274,000 Parking Revenue 450,000 Solid Waste Revenue 279,520 Stormwater Revenue 1,075,080 State/Federal Agency 176,000 General Government 4,832,187 CES Revenue Bonds 29,058,600 Total $59,877,137

167

Expenditures By Program Information Technology 1.4% Parks and Recreation Library 1.4% 0.5% Transportation 1.6% Fire 0.4% Theatre 0.3%

Utilities - Water/Sewer 72.0%

Public Services 2.8% Planning 0.1% Utilities - Electric 15.7% Facilities 3.8%

Funding Sources Solid Waste Revenue General 0.5% Government 8.1%

CES Revenue Bonds 48.5%

Water Resources Revenue 23.8%

Parking Revenue 0.8% Stormwater Revenue Electric Revenue 1.8% 16.3%

168

State/Federal Agency 0.3%

CAPITAL PROJECT ORDINANCES Capital project ordinances authorize the construction or acquisition of major capital and continue in effect for the life of the project that extends over more than one fiscal year and do not require re-appropriation each fiscal year. The information presented below represents the status of our currently authorized capital project ordinances as of April 13, 2026. Actual expenses include funds that are encumbered. Project Budget GO Bond Projects - General Intersection Improvements $1,802,725 James Road Sidewalk Improvements 1,955,100 Triangle Lake 12,000,000 Center for Active Adults 12,500,000 Washington Street Realignment 3,878,050 Burton Avenue 6,827,209 Total $38,963,084 Two-Third Bond Projects Railroad Bank Stabilization $1,100,000 South Main Corridor Improvements 200,000 Total $1,300,000 Limited Obligation Bond Projects Stadium Improvements $6,600,000 Church Property Acquisition 11,500,000 Total $18,100,000

169

Actual/Committed

Balance

$1,768,667 92,305 1,825,066 12,500,000 3,873,050 6,827,209 $26,886,297

$34,058 1,862,795 10,174,934 0 5,000 0 $12,076,787

$934,622 18,909 $953,531

$165,378 181,091 $346,469

$6,193,558 11,012,667 $17,206,225

$406,442 487,333 $893,775

CAPITAL PROJECT ORDINANCES, continued

Project Budget Actual/Committed Water Resources GO & Revenue Bond Projects Incinerator Rehabilitation $22,935,266 $22,933,892 NW Water Improvements Phase 2 240,182 80,000 Triangle Lake Road Widening 1,000,000 0 NW Sewer Future 1 - Outback 436,202 83,092 Dam Restoration and Improvement 403,258 361,749 Whites Mill Lift Station Upgrade 10,250,000 10,250,000 City Lake Park Dam 4,780,970 3,851,764 Riverdale Pumpstation Improvements 1,142,480 1,142,480 Ward Filters 1-4 Rebuild 8,501,000 8,501,000 Shadybrook Lift Station 2,106,000 2,106,000 Waterview Lift Station 4,191,600 4,191,600 Ensley Creek Sewer Outfall 796,500 796,500 Total $56,783,458 $54,298,077

170

Balance $1,374 160,182 1,000,000 353,110 41,509 0 929,206 0 0 0 0 0 $2,485,381

CAPITAL IMPROVEMENT PROGRAM PROJECT SUMMARY Project

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$836,000

Facility Improvements

$350,000

$1,750,000

Downtown Infrastructure Imps.

1,937,187

General Capital Information Technology Core Switch Refresh Subtotal – Information Technology Facility Services

Future Facility Improvements Subtotal – Facility Services

1,937,187

1,837,187

1,937,187

7,648,748

$2,287,187

$2,187,187

$2,287,187

$11,335,935

$250,000

$300,000

$1,400,000

$250,000

$300,000

$1,400,000

Fire Station Upgrades and Renovations Subtotal - Fire Parks and Recreation Parks and Recreation Deferred Maint.

$225,000

$1,125,000

Playground & Equipment

75,000

375,000

Sand Trap Replacement

668,000

251,000

417,000

Southside Splash Pad Replacement

775,000

Parking Lot Improvements

200,000

600,000

Washington Terrace Pool Splashpad

650,000

$551,000

$300,000

$917,000

$1,275,000

$1,150,000

$4,193,000

$275,000

$276,000

$247,000

$523,000

120,000

Subtotal - Library

$276,000

$247,000

$120,000

$643,000

$200,000

$1,000,000

Subtotal - Theatre

$200,000

$1,000,000

$45,000

$225,000

$45,000

$225,000

Subtotal - Parks and Recreation Stadium Stadium Capital Reserve Subtotal - Stadium Library Library Sealing and Cleaning Historical Buildings Roof Replacement

Theatre Theatre Renovations Planning GIS Orthoimagery Program Subtotal – Planning

171

CAPITAL IMPROVEMENT PROGRAM PROJECT SUMMARY Project

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Transportation Cedrow Pedestrian Bridge City Sidewalk Construction Eastchester Sidewalk - Centennial to Lassiter Subtotal - Transportation

$3,660,000

300,000

350,000

400,000

1,700,000

1,130,000

$300,000

$3,960,000

$1,480,000

$350,000

$400,000

$6,490,000

Public Services Local Match - NCDOT Bridge Projects

$45,000

$225,000

Local Bridge Maintenance and Repair

350,000

1,750,000

Subtotal - Public Services

$395,000

$1,975,000

Total - General Capital Projects

$5,415,187

$7,684,187

$5,624,187

$4,752,187

$4,897,187

$28,372,935

Water Resources Capital Projects - Pay-Go Generators - Automation & Replace.

$250,000

$1,250,000

Obsolete Water Lines

3,000,000

4,000,000

4,700,000

4,500,000

20,700,000

Obsolete Sewer Lines

3,000,000

4,000,000

4,700,000

4,500,000

20,700,000

Alum Sludge Removal

425,000

450,000

475,000

500,000

525,000

2,375,000

Water Storage Tank Maintenance

700,000

200,000

1,500,000

NCDOT - TIP Program (W/S Utilities)

350,000

1,750,000

Water/Sewer Developer Reimbursements Wastewater Plants and Lift Stations Equipment Repl Water Distribution Master Plan CIP Recommendations Sewer System Improvements

250,000

150,000

850,000

200,000

950,000

200,000

1,750,000

1,300,000

1,500,000

1,000,000

5,800,000

125,000

625,000

Water System Improvements

125,000

625,000

Arc Flash Project Ward Water Treatment Plant Capital Projects Compliance w/Lead and Copper Rule Revisions Watershed Protection Plan Westside - Final Clarifier #3 Coating Repairs Eastside - Dissolved Air Flotation (DAF) System City Lake Raw Water Line Replacement

75,000

375,000

200,000

750,000

550,000

1,300,000

150,000

565,000

2,000,000

Pennywood Lift Station Repairs

100,000

Eastside AAA Gates Modification

500,000

Johnson Street Siphon

1,000,000

Irbywood-E. Parris Sewer

250,000

172

CAPITAL IMPROVEMENT PROGRAM PROJECT SUMMARY Project Dilworth Rd / Squire Davis Loop

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$1,703,000

NW Water System Imprs Phase 3

1,655,000

845,000

2,500,000

Kivett Dr. - Groometown Rd 8" Water Main NE Sewer Line Repl - Upstream of Gallimore Dairy

3,000,000

1,000,000

Total – Water Resources Pay-Go

$14,065,000

$14,975,000

$15,708,000

$16,820,000

$13,000,000

$74,568,000

Water Resources Capital Projects - Revenue Bonds Upper Boulding Branch Sewer Rehab $1,500,000

$1,500,000

$7,500,000

20,818,600

Riverdale Pump Station Rebuild

20,818,600

BUILD Grant – Water-Sewer Utilities

4,000,000

Waterview Lift Station Improvements

45,600,000

Shadybrook Lift Station Improvements

24,000,000

Triangle Lake – Hickory Chapel Road

4,027,400

City Lake Dam Upgrade

70,000,000

3,939,500

Eastside Expansion (26 to 32 mgd)

500,000

PTRWA Transmission Line

500,000

Shadybrook Gravity Sewer Imps.

4,960,000

McKinley Lift Station Improvements

1,190,000

6,188,000

7,378,000

1,800,000

2,040,000

NCDOT Johnson/Sandy Ridge

W. Lexington – Water Line (N. Main to Westchester) E. Lexington – Water Line (N. Main to Centennial) E. Lexington – Water Line (McGuinn to Five Points) Eastside Primary Clarifiers 1-4 Coating

1,400,000

360,000

2,300,000

2,660,000

Plants and Lift Stations Security Design

250,000

2,500,000

2,750,000

Westside Primary and Final Clarifiers Coating Westside UV System Upgrade

30,000

2,600,000

2,630,000

200,000

5,000,000

5,200,000

East Fork Lift Station Design

500,000

4,500,000

5,000,000

Ward Filters 5-8 and Super Pulsator Eastside Filter 1-4 Rebuild Ensley Outfall 2B NW Sewer System Improvements Future 3

400,000

1,600,000

2,000,000

3,000,000

28,000,000

31,000,000

2,600,000

300,000

2,000,000

2,300,000

2,000,000

Bethel Drive Pump Station

500,000

3,000,000

3,500,000

Eastside WWTP Rehabilitation Projects

2,000,000

15,000,000

17,000,000

Sandy Ridge Elevated Storage Tank

1,000,000

9,500,000

10,500,000

$29,058,600

$102,717,400

$106,740,000

$20,087,500

$29,000,000

$287,603,500

Large Water Meter Change Out

Total – Water Resources Revenue Bonds

173

CAPITAL IMPROVEMENT PROGRAM PROJECT SUMMARY Project

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Area Outdoor Lighting

$110,000

$550,000

Street Lighting

200,000

1,000,000

Downtown Underground

200,000

1,000,000

Overhead to Underground Conversion

100,000

500,000

Filter T1 Transformer Replacement

750,000

750,000 2,200,000

Electric Capital Projects

Future Transmission

2,200,000

5,037,350

Southeast Substation

1,000,000

3,000,000

7,000,000

Voltage Regulator Replacements

800,000

Feeder Breaker Additions

800,000

1,600,000 4,000,000

Rebuild Buss at Commerce Subtation

Transmission Pole Replacements

1,000,000

Centennial Substation

7,000,000

Northeast Substation

2,000,000

4,000,000

6,000,000

$9,397,350

$8,210,000

$7,610,000

$4,610,000

$7,610,000

$37,437,350

Total - Electric Capital Projects Transit Capital Projects Transit Bus Fleet Replacement

$2,151,400

$2,491,400

$3,371,400

$3,719,600

$11,733,800

Transit Maintenance Facility Renov.

200,000

Transit Fueling Station Dispenser

20,000

Paratransit Vehicle Replacement

762,000

1,524,000

Five Points Transfer Hub

1,000,000

250,000

1,250,000

Operators' Training

1,000,000

250,000

1,250,000

Bus Parking Canopy

250,000

2,500,000

2,750,000

Fuel Island Canopy

100,000

200,000

Neighborhood Transfer Centers

300,000

1,200,000

$220,000

$4,801,400

$5,391,400

$4,933,400

$4,781,600

$20,127,800

Parking Facilities Improvements

$75,000

$375,000

Broad St Deck - Elevator Modernization

375,000

$450,000

$75,000

$1,125,000

$50,000

$250,000

$500,000

500,000

171,000

855,000

375,000

Total - Transit Capital Projects Parking Capital Projects

Plaza Deck - Elevator Modernization Total – Parking Capital Solid Waste Capital Projects MRF - Ongoing Maintenance Leachate Pump Station Sand Filter Kersey Valley Landfill - Phase I-IV Post Closure Reserve MRF - Relocation of Compactor

174

CAPITAL IMPROVEMENT PROGRAM PROJECT SUMMARY Project

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Environ. Services Administrative Bldg

$700,000

700,000

Future Tub Grinder Replacement Kersey Valley Landfill - Phase VIII Expansion

1,500,000

4,000,000

Kersey Valley Landfill - Transfer Station

1,300,000

Kersey Valley Landfill - Low Boy Trailer Total – Solid Waste Capital Projects

120,000

$120,000

$221,000

$5,096,000

$1,721,000

$1,041,000

$1,521,000

$9,600,000

$1,000,000

$5,000,000

Stormwater Capital Projects Annual Culvert Repairs CCTV Trailer/Equipment Replacement

50,000

250,000

$1,050,000

$5,250,000

Ray Street

$8,520,000

Hamilton Street - CBD NE Side

8,000,000

Jacobs Place Total – Stormwater Capital Projects Debt Financed

6,190,000

$22,710,000

Total - Stormwater Capital Stormwater Capital Projects – Debt Financed

175

176

TOTAL CAPITAL PROJECTS SUMMARY BY FUNDING SOURCE

FY 2027 – 2031

177

178

GENERAL CAPITAL PROJECTS

FY 2027 – 2031

179

GENERAL CAPITAL Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Core Switch Refresh Project Type: Software Start Date: July 1, 2026 Est. Completion Date: June 30, 2027 Description: The City of High Point will undertake a Network Core and Distribution Switch Refresh project. This upgrade delivers enhanced capacity, including higher-speed uplinks and broader fiber connectivity, strengthens security and operational posture by moving off equipment that is nearing endof support, and positions the network to accommodate upcoming growth in cloud services, public-safety systems, AI (artificial intelligence), and smart-city initiatives. The project ensures that network infrastructure remains resilient, maintainable, and scalable for the next decade. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

General Fund

$209,000

Water/Sewer Fund

209,000

Electric Fund

334,400

Solid Waste Fund

58,520

Stormwater Fund

25,080

Subtotal

$836,000

Consulting/Professional Fees

$836,000

Subtotal

$836,000

Revenue

Expense

180

GENERAL CAPITAL Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Facilities Improvements and Deferred Maintenance Project Type: Improvements Start Date: Ongoing Est. Completion Date: Ongoing Description: The Citywide Deferred Maintenance Program allows the department to cover deferred maintenance needs, as well as other needed improvements, at all of the facilities throughout the City. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2031

Total

$350,000

$1,750,000

$350,000

$1,750,000

$350,000

$1,750,000

$350,000

$1,750,000

Revenue General Fund Subtotal Expense Construction Subtotal

181

GENERAL CAPITAL Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Downtown Infrastructure and Redevelopment Project Type: Improvements Start Date: Ongoing Est. Completion Date: Ongoing Description: This project includes parking infrastucture improvements and downtown redevelopment efforts in the Catalyst area.

Project Details Account

FY 2027

FY 2028

FY 2029

FY 2031

Total

$1,937,187

Revenue General Fund Subtotal Expense Construction Subtotal

182

GENERAL CAPITAL Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Future Facility Improvements Project Type: Improvements Start Date: Ongoing Est. Completion Date: Ongoing Description: This project provides for future improvements, renovations, and upgrades to public facilities to ensure continued service delivery, address emerging needs, and maintain safe, functional spaces. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2031

Total

$1,937,187

$7,648,748

$1,937,187

$7,648,748

$1,937,187

$7,648,748

$1,937,187

$7,648,748

Revenue General Fund Subtotal Expense Construction Subtotal

183

GENERAL CAPITAL Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Station Upgrades and Renovations Project Type: Facility Upgrades Start Date: Ongoing Est. Completion Date: Ongoing Description: Renovations and upgrades to Fire Stations throughout the City. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$250,000

$300,000

$1,400,000

$250,000

$300,000

$1,400,000

$250,000

$300,000

$1,400,000

$250,000

$300,000

$1,400,000

Revenue General Fund Subtotal Expense Construction Subtotal

184

GENERAL CAPITAL Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Parks and Recreation Deferred Maintenance Program Project Type: Improvements Start Date: July 1, 2023 Est. Completion Date: Ongoing Description: The Parks and Recreation Deferred Maintenance Program allows the department to cover deferred maintenance needs at all the Parks and Recreation facilities throughout the city. Potential projects for the upcoming fiscal year include replacing park amenities, facility painting, greenway deck repair, and park accessibility improvements. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$225,000

$1,125,000

$225,000

$1,125,000

$205,000

$250,000

$1,125,000

$205,000

$250,000

$1,125,000

Revenue General Fund Subtotal Expense Construction Subtotal

185

GENERAL CAPITAL Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Playground and Equipment Project Type: Equipment Start Date: Ongoing Est. Completion Date: Ongoing Description: To replace older playground equipment. New equipment will comply with Playground Standards and Consumer Product Safety Commission Standards. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$75,000

$375,000

$75,000

$375,000

Revenue General Fund Subtotal Expense Equipment/Machinery Subtotal

$75,000

$375,000

$75,000

$375,000

186

GENERAL CAPITAL Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Sand Trap Replacement Project Type: Construction Start Date: July 1, 2026 Est. Completion Date: June 30, 2029 Description: The scope of this project is sand trap replacement at Oak Hollow and Blair Park Golf Courses. Bunker maintenance and repair are part of the ongoing tasks completed by the crews at both golf courses. Crews work through and replace the sand on a rotating schedule and address general upkeep throughout the year. At this point, more substantial maintenance work is required to ensure the longevity and integrity of the bunkers. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$251,000

$417,000

$668,000

Subtotal

$251,000

$417,000

$668,000

$251,000

$417,000

$668,000

Subtotal

$251,000

$417,000

$668,000

Revenue General Fund Expense Construction

187

GENERAL CAPITAL Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Southside Splash Pad Replacement Project Type: Improvements Start Date: July 1, 2029 Est. Completion Date: June 30, 2030 Description: This project would replacement the current splash pad at Southside due to its need for continual repairs. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$775,000

Subtotal

$775,000

Subtotal

$775,000

Revenue General Fund Expense Construction

188

GENERAL CAPITAL Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Park Improvements – Parking Lots Project Type: Improvements Start Date: Ongoing Est. Completion Date: Ongoing Description: Many of the parking lots have deteriorated because of deferred maintenance. Future parking lots include City Lake Park Amusement Area, Oak Hollow Campground, Washington Terrace, Festival Park, and Johnson Street Disc Golf.

Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$200,000

$600,000

$200,000

$600,000

$200,000

$600,000

$200,000

$600,000

Revenue General Fund Subtotal Expense Construction Subtotal

189

GENERAL CAPITAL Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Washington Terrace Splash Pad Project Type: Construction Start Date: July 1, 2030 Est. Completion Date: June 30, 2031 Description: This project would install a new pool splash pad feature at Washington Terrace Park. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$650,000

Revenue General Fund Subtotal Expense Construction Subtotal

190

GENERAL CAPITAL Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Stadium Capital Maintenance Reserve Project Type: Maintenance Start Date: July 1, 2020 Est. Completion Date: Ongoing Description: This reserve is set up to provide funds available for capital maintenance, repairs, and improvements for the multi-use stadium. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$275,000

Subtotal

$275,000

Subtotal

$275,000

Revenue Sale of Land Proceeds Expense Construction

191

GENERAL CAPITAL Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Library – Sealing and Cleaning Building Exterior Project Type: Construction Start Date: July 1, 2025 Est. Completion Date: June 30, 2028 Description: In 2016, the library had the exterior of the building cleaned and sealed, on the north side. At that time, the skylight was also sealed. The library is currently experiencing leaking at windows and the skylight. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$276,000

$247,000

$523,000

$276,000

$247,000

$523,000

$276,000

$247,000

$523,000

$276,000

$247,000

$523,000

Revenue General Fund Subtotal Expense Construction Subtotal

192

GENERAL CAPITAL Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Museum - Historical Park Buildings Roof Replacement Project Type: Facility Upgrade Start Date: July 1, 2030 Est. Completion Date: June 30, 2031 Description: This project will replace the wooden shake roofs on the historic Haley House, Blacksmith Shop, and Hoggatt House, all located in the historical park of the High Point Museum campus. At the projected start date of this project, the roofs will be 22-28 years old. The goal is to replace the roofs before further deterioration which could lead to water damage. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$120,000

Revenue General Fund Subtotal Expense Construction Subtotal

193

GENERAL CAPITAL Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Theatre – Maintenance and Repair Project Type: Construction Start Date: July 1, 2026 Est. Completion Date: Ongoing Description: This project allows the department to cover maintenance and repair needs for the theatre as part of the comprehensive facility plan, which totaled $5.6 million. Components of this project include the replacement and improvement of aging infrastructure. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$200,000

$1,000,000

$200,000

$1,000,000

$200,000

$1,000,000

$200,000

$1,000,000

Revenue General Fund Subtotal Expense Construction Subtotal

194

GENERAL CAPITAL Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Geographic Information Systems (GIS) Orthoimagery Program Project Type: GIS Start Date: Ongoing Est. Completion Date: Ongoing Description: The purpose of the multi-year GIS Orthoimagery Program is to update the digital data in the City's Geographic Information System (GIS) as obtained from aerial photography data. The program provides data for current & future GIS applications, including E-911 dispatch; fire and police; stormwater; zoning and land use; code enforcement; neighborhood and area plans; capital projects; and transportation projects. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$45,000

$225,000

Subtotal

$45,000

$225,000

Consulting/Professional Fees

$45,000

$225,000

Subtotal

$45,000

$225,000

Revenue General Fund Expense

195

GENERAL CAPITAL Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Cedrow Pedestrian Bridge Project Type: Construction Start Date: July 1, 2026 Est. Completion Date: October 1, 2029 Description: This project will construct a pedestrian bridge across I-74 on Cedrow Drive to provide a pedestrian connection across the interstate to allow people safe access, which is a focus of the City’s strategic plan – pedestrian safety.

Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

General Fund

$732,000

State Grants

2,928,000

$3,660,000

Revenue

Subtotal Expense Construction Subtotal

196

GENERAL CAPITAL Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: City Sidewalk and Greenway Construction Project Type: Sidewalks/Greenways Start Date: Ongoing Est. Completion Date: Ongoing Description: Construction of city-funded sidewalks and greenways at prioritized locations throughout the city. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$300,000

$350,000

$400,000

$1,700,000

$300,000

$350,000

$400,000

$1,700,000

Revenue General Fund Subtotal Expense Construction Subtotal

$300,000

$350,000

$400,000

$1,700,000

$300,000

$350,000

$400,000

$1,700,000

197

GENERAL CAPITAL Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Eastchester Sidewalk Project Type: Construction Start Date: July 1, 2028 Est. Completion Date: June 30, 2029 Description: Construct sidewalk on Eastchester Drive from Centennial Street to Lassiter Drive. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$226,000

Revenue General Fund State Grants Subtotal

904,000

$1,130,000

Expense Construction Subtotal

198

GENERAL CAPITAL Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Local Match for North Carolina Department of Transportation (NCDOT) Bridge Projects Project Type: Bridge Repair Start Date: Ongoing Est. Completion Date: Ongoing Description: The city maintains 26 traffic bearing and three pedestrian bridges. Federal and State regulations require these structures to be inspected by an accredited engineer every other year. An inspection report provides a list of priority maintenance items that have to be completed within a given time frame. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$45,000

$225,000

$45,000

$225,000

$45,000

$225,000

$45,000

$225,000

Revenue General Fund Subtotal Expense Professional Fees Subtotal

199

GENERAL CAPITAL Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Locally Funded Bridge Maintenance and Repair Project Type: Bridge Repair Start Date: Ongoing Est. Completion Date: Ongoing Description: Maintenance and repair of bridges throughout the city. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$350,000

$1,750,000

$350,000

$1,750,000

$350,000

$1,750,000

$350,000

$1,750,000

Revenue General Fund Subtotal Expense Construction Subtotal

200

WATER RESOURCES CAPITAL PROJECTS

FY 2027 – 2031

201

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: Generators – Automation and Replacement

Project Type: Improvements Start Date: Ongoing Est. Completion Date: Ongoing Description: Automation of generators located at Eastside, Westside, Ward, and Riverdale Lift Station. Ability to start/stop generators via supervisory control and data acquisition (SCADA). Will allow locations to operate in island mode and maintain operations remotely. This project will also include the annual replacement of nine (9) ageing generators at the wastewater lift stations. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Revenue Water Resources Fund Subtotal

$250,000

$1,250,000

$250,000

$1,250,000

$250,000

$1,250,000

$250,000

$1,250,000

Expense Equipment/Machinery Subtotal

202

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Obsolete Water Lines Project Type: Improvements Start Date: Ongoing Est. Completion Date: Ongoing Description: Replacement or rehab of obsolete water mains, valves, and hydrants. Replacement of old and undersized water lines will reduce service interruptions, maintain system pressure, and meet the demands for peak flow.

Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Water Resources Fund

$3,000,000

$4,000,000

$4,700,000

$4,500,000

$20,700,000

Subtotal

$3,000,000

$4,000,000

$4,700,000

$4,500,000

$20,700,000

$3,000,000

$4,000,000

$4,700,000

$4,500,000

$20,700,000

$3,000,000

$4,000,000

$4,700,000

$4,500,000

$20,700,000

Revenue

Expense Construction Subtotal

203

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Obsolete Sewer Lines Project Type: Re-inspection & Repairs Start Date: Ongoing Est. Completion Date: Ongoing Description: Replacement of deteriorated and/or undersized sewer outfall and sewer services/mains. This will reduce blockages and problems that create sewer backups and overflows.

Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Water Resources Fund

$3,000,000

$4,000,000

$4,700,000

$4,500,000

$20,700,000

Subtotal

$3,000,000

$4,000,000

$4,700,000

$4,500,000

$20,700,000

$3,000,000

$4,000,000

$4,700,000

$4,500,000

$20,700,000

$3,000,000

$4,000,000

$4,700,000

$4,500,000

$20,700,000

Revenue

Expense Construction Subtotal

204

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Alum Sludge Removal Project Type: Maintenance Start Date: Ongoing Est. Completion Date: Ongoing Description: Alum sludge will be removed from the two storage lagoons every 1-2 years by contract. This project helps to assure that the water treatment process is not interrupted, and that all phases of treatment run efficiently.

Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Revenue Water Resources Fund Subtotal

$425,000

$450,000

$475,000

$500,000

$525,000

$2,375,000

$425,000

$450,000

$475,000

$500,000

$525,000

$2,375,000

$425,000

$450,000

$475,000

$500,000

$525,000

$2,375,000

$425,000

$450,000

$475,000

$500,000

$525,000

$2,375,000

Expense Contractual Services Subtotal

205

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Water Storage Tank Maintenance Project Type: Maintenance Start Date: Ongoing Est. Completion Date: Ongoing Description: To inspect, sandblast and paint both the inside and outside of the (5) finished water storage tanks. Water storage tanks need to be periodically inspected and cleaned to help maintain good water quality in the distribution system, and to help extend the life of the tank. Regular tank inspections can also help to identify small problems that may develop into major problems that can create health related issues, lead to costly repairs or premature tank failure. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$700,000

$200,000

$1,500,000

$700,000

$200,000

$1,500,000

$700,000

$200,000

$1,500,000

$700,000

$200,000

$1,500,000

Revenue Water Resources Fund Subtotal Expense Construction Subtotal

206

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: North Carolina Department of Transportation (NCDOT) Transportation Improvement Program (TIP) \

Project Type: Utility Relocate Start Date: Ongoing Est. Completion Date: Ongoing Description: Relocate utilities relative to TIP Program (Water/Sewer combined). Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$350,000

$1,750,000

$350,000

$1,750,000

$350,000

$1,750,000

$350,000

$1,750,000

Revenue Water Resources Fund Subtotal Expense Construction Subtotal

207

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Water/Sewer Developer Reimbursements Project Type: Reimbursements Start Date: Ongoing Est. Completion Date: Ongoing Description: Reimbursement for oversized outfalls and sewer mains required for ultimate development. City policy is to reimburse developer for additional size required by sewer master plan but not needed by the individual development. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$250,000

$150,000

$850,000

$250,000

$150,000

$850,000

$250,000

$150,000

$850,000

$250,000

$150,000

$850,000

Revenue Water Resources Fund Subtotal Expense Construction Subtotal

208

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Wastewater Plants and Lift Stations Equipment Replacement Project Type: Improvements Start Date: July 1, 2024 Est. Completion Date: Ongoing Description: To address unplanned equipment repairs / replacement needs that occur at the Wastewater Plants and Lift Stations. The intent is to better plan and budget for the emergency or unscheduled repair of equipment at the wastewater treatment plants and lift stations. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Revenue Water Resources Fund Subtotal

$200,000

$950,000

$200,000

$1,750,000

$200,000

$950,000

$200,000

$1,750,000

$200,000

$950,000

$200,000

$1,750,000

$200,000

$950,000

$200,000

$1,750,000

Expense Equipment/Machinery Subtotal

209

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Water Distribution Master Plan Recommendations Project Type: Improvements Start Date: July 1, 2024 Est. Completion Date: Ongoing Description: To address deficiencies in the water distribution system that were identified by the Water Master Plan that was completed in 2019. The intent is to better plan and budget for the replacement of aging water lines throughout the distribution system. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Revenue Water Resources Fund

$1,300,000

$1,500,000

$1,000,000

$5,800,000

Subtotal

$1,300,000

$1,500,000

$1,000,000

$5,800,000

$1,300,000

$1,500,000

$1,000,000

$5,800,000

$1,300,000

$1,500,000

$1,000,000

$5,800,000

Expense Construction Subtotal

210

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Sewer System Improvements Project Type: Improvements Start Date: Ongoing Est. Completion Date: Ongoing Description: Extension of sewer lines for new services and make needed system improvements. Program is available to those who have petitioned the City Council for sewer services.

Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$125,000

$625,000

$125,000

$625,000

$125,000

$625,000

$125,000

$625,000

Revenue Water Resources Fund Subtotal Expense Construction Subtotal

211

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Water System Improvements Project Type: Improvements Start Date: Ongoing Est. Completion Date: Ongoing Description: Extension of water lines for new (petition) services and to make needed system improvements. Project is available to those who petitioned the City Council for water services and to make other system improvements.

Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$125,000

$625,000

$125,000

$625,000

$125,000

$625,000

$125,000

$625,000

Revenue Water Resources Fund Subtotal Expense Construction Subtotal

212

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: Arc Flash Project

Project Type: Improvements Start Date: Ongoing Est. Completion Date: Ongoing Description: Working from large to smaller facilities to study arc flash and complete required labeling to electrical panels plus make recommendations to meet all safety requirements (personal protective equipment (PPE), operating procedures, etc.). Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$75,000

$375,000

$75,000

$375,000

$75,000

$375,000

$75,000

$375,000

Revenue Water Resources Fund Subtotal Expense Engineering/Design Subtotal

213

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Ward Water Treatment Plant Capital Projects Project Type: Improvements Start Date: July 1, 2022 Est. Completion Date: June 30, 2027 Description: To address unplanned equipment repairs and replacements needs that occur at the water plant and offsite pumping stations. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$200,000

Revenue Water Resources Fund Subtotal Expense Equipment/Machinery Subtotal

$200,000

214

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

nhe\

Project Title: Compliance with Lead and Copper Rule Revisions

Project Type: Improvements Start Date: July 1, 2026 Est. Completion Date: June 30, 2028 Description: The United States Environmental Protection Agency (EPA) finalized the first major update to the Lead and Copper Rule (LCR) in nearly 30 years. The finalized Lead and Copper Rule Revisions (LCRR) were promulgated in the Federal Register with a focus on switching from a reactive to proactive approach to improve water quality at the customers’ tap. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Revenue Water Resources Fund

$750,000

$550,000

$1,300,000

Subtotal

$750,000

$550,000

$1,300,000

$750,000

$550,000

$1,300,000

$750,000

$550,000

$1,300,000

Expense Engineering/Design Subtotal

215

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: Watershed Protection Plan

Project Type: Improvements Start Date: July 1, 2025 Est. Completion Date: June 30, 2027 Description: This project will provide the backbone for any Watershed Management Plan in the future. The focus in the first year will be on finalizing assessment objectives, inventorying data, selecting assessment/modelling methods, identifying and filling data gaps, and developing the watershed models along with their documentation. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Revenue Water Resources Fund

$150,000

Subtotal

$150,000

Expense Construction Subtotal

216

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Westside Final Clarifier 3 Coating Repairs Project Type: Improvements Start Date: July 1, 2025 Est. Completion Date: June 30, 2027 Description: This project will address the coating dry film thickness, adhesion tests, and visual coating deficiencies in Westside Final Clarifier #3. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$565,000

Revenue Water Resources Fund Subtotal Expense Construction Subtotal

217

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Eastside – Dissolved Air Flotation (DAF) System Project Type: Improvements Start Date: July 1, 2025 Est. Completion Date: June 30, 2027 Description: To replace tank internal components of DAF tanks #1 and #2.The units were put in service around 1985 and are not a good candidate for rehabilitation due to excessive metal loss. The DAF system is the method by which Eastside Wastewater Treatment Plant controls the biological treatment process's biomass. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$2,000,000

Revenue Water Resources Fund Subtotal Expense Construction Subtotal

218

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: City Lake Raw Water Line Replacement

Project Type: Water/Sewer Lines Start Date: July 1, 2026 Est. Completion Date: January 1, 2029 Description: The City Lake Raw Water Line is nearly 100-years old and is in need of replacement. Water must be conveyed from the City Lake Dam to the City Lake Raw Water Pump Station and then to the Ward Water Treatment Plant so that safe drinking water can be provided to the citizens of High Point. The raw water line conveys water that will eventually become treated drinking water. This project will need to be constructed in conjunction with the dam replacement project. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$2,000,000

$1,000,000

$2,000,000

$1,000,000

Engineering & Design

$300,000

Construction

1,700,000

$2,000,000

Revenue Water Resources Fund Subtotal Expense

Subtotal

219

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Pennywood Lift Station Repairs Project Type: Improvements Start Date: July 1, 2026 Est. Completion Date: June 30, 2027 Description: Improvements are needed to support the building and slab of the Pennywood Lift Station. Significant ground settlement has occurred under the Pennywood Lift Station. Improvements to the lift station will include the installation of helical pier support of the entire building and slab. Failure of the lift station could impact sewer service for the citizens that live near the Pennywood Lift Station. Failure of the lift station could cause sewer to flow into City Lake and impact sewer service for the citizens that live near the Pennywood Lift Station. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$100,000

Revenue Water Resources Fund Subtotal Expense Construction Subtotal

220

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: Eastside AAA Gates Modification

Project Type: Improvements Start Date: July 1, 2026 Est. Completion Date: June 30, 2027 Description: This project will include AAA Gate and valve modification upgrade. Gates and valves on the AAA tank can not be opened or closed due to age. This could cause compliance issues going forward as tanks cannot be taken out of service for cleaning, repairs, or to help sustain compliance. The plant is permitted by NC DWQ. The AAA is the process that reduces Nitrogen and phosporus for the plant. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Revenue Water Resources Fund Subtotal

$500,000

Expense Construction Subtotal

221

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: Johnson Street Siphon

Project Type: Water/Sewer Lines Start Date: July 1, 2030 Est. Completion Date: June 30, 2031 Description: To abandon the existing siphon that currently runs under Johnson Street. The siphon was originally constructed in 1967 during the construction of Johnson Street. The preliminary plan is to abandon the existing siphon and construct a new line that will tie into the Windchase Pump Station and discharge into the sanitary sewer outfall on the east side of Johnson Street. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Revenue Water Resources Fund Subtotal

$1,000,000

Expense Construction Subtotal

222

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: Irbywood-E. Parris Sewer Improvements

Project Type: Water/Sewer Lines Start Date: July 1, 2027 Est. Completion Date: June 30, 2028 Description: The existing sewer line is undersized. The line is downstream of a local dairy company and the lines become blocked resulting in sewer overflows. The sewer line has become a continual maintenance problem. Temporary repairs have been performed, but the entire line must be replaced. The replacement is required to keep the City in compliance with the State issued permit. An additional backup and overflow could result in untreated wastewater reaching Oak Hollow Lake. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$250,000

Revenue Water Resources Fund Subtotal Expense Construction Subtotal

223

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: Dilworth Road / Squire Davis Loop

Project Type: Construction Start Date: July 1, 2028 Est. Completion Date: June 30, 2029 Description: This project will install approximately 5,700 linear feet of 8” water main on Dilworth Road from Skeet Club Road to Squire Davis Road and aproximately 6,800 linear feet of 12” water main on Squire Davis Road from Dilworth Road, which will tie in on Sandy Ridge Road. The project is needed to supply the demand due to growth in the area. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Revenue Water Resources Fund

$1,703,000

Subtotal

$1,703,000

Expense Construction Subtotal

224

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: NW Water System Improvements Phase 3 Project Type: New Lines Start Date: July 1, 2028 Est. Completion Date: June 30, 2030 Description: NW Water System Improvements through Forsyth County to loop the system together. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Water Resources Fund

$1,655,000

$845,000

$2,500,000

Subtotal

$1,655,000

$845,000

$2,500,000

$1,655,000

$845,000

$2,500,000

$1,655,000

$845,000

$2,500,000

Revenue

Expense Construction Subtotal

225

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Kivett Drive – Groometown Road 8’’ Water Main Project Type: New Lines Start Date: July 1, 2029 Est. Completion Date: December 31, 2030 Description: This project will install approximately 12,700 linear feet of 8" water main from Hickory Creek Rd East to Groometown Rd. then south to Hickory Creek Rd. This line will be used to transport water from Vickery Chapel Rd to Groometown Rd. This additional capacity will subsidize High Point's current reservoir for future growth. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Water Resources Fund

$3,000,000

Subtotal

$3,000,000

Revenue

Expense Construction Subtotal

226

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: NE Sewer Line Replacement – Upstream of Gallimore Dairy (Econ Dev) Project Type: Water/Sewer Lines Start Date: July 1, 2028 Est. Completion Date: June 30, 2030 Description: To upgrade the existing sanitary sewer lines upstream of Gallimore Dairy Road for future development in the northeast section of High Point. This project was added to the Capital Improvements Plan based on an Economic Development inquiry about a prospective 500,000 gallons per day industrial user looking at constructing a factory within the northeast section of the city. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Water Resources Fund

$1,000,000

Subtotal

$1,000,000

Revenue

Expense Construction Subtotal

227

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: Upper Boulding Branch Sewer Rehabilitation

Project Type: Water/Sewer Lines Start Date: July 1, 2022 Est. Completion Date: June 30, 2031 Description: As part of the Sanitary Sewer Master Plan (2019), temporary flow monitoring results showed high infiltration and inflow (I/I) in the Upper Boulding Branch basin. After completion of the hydraulic modeling analysis, it was determined that the Upper Boulding Branch was the highest priority for potential I/I reduction due to downstream capacity constraints. The scope of the project will be to perform rehabilitation on identified portions of the sewer collection system within the Upper Boulding Branch basin. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Revenue Bonds

$1,500,000

$7,500,000

Subtotal

$1,500,000

$7,500,000

$1,500,000

$7,500,000

$1,500,000

$7,500,000

Revenue

Expense Construction Subtotal

228

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: Riverdale Pump Station Rebuild

Project Type: Facility Upgrade Start Date: July 1, 2022 Est. Completion Date: June 30, 2027 Description: The scope of the project will be to replace the pumps, motors, and electrical components that were originally installed in the Riverdale Pump Station in 1994. The project will also address flood proofing of the pump station. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$20,818,600

Revenue Revenue Bonds Subtotal Expense Construction Subtotal

229

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: BUILD Grant – Water and Sewer Utilities Project Type: Improvements Start Date: July 1, 2022 Est. Completion Date: December 31, 2028 Description: In 2021, the City secured a $19.8 million Better Utilizing Investments to Leverage Development (BUILD) grant to construct approximately 3.5 miles of shared-use greenway, approximately 1.2 miles of Complete Streets, and two blocks of bicycle boulevards in High Point. Included in this proposal are water and sewer utility improvements on Elm Street. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$4,000,000

Revenue Revenue Bonds Subtotal Expense Construction Subtotal

230

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Waterview Lift Station Improvements Project Type: Improvements Start Date: July 1, 2024 Est. Completion Date: June 30, 2029 Description: The Waterview Pump Station is located adjacent to Oak Hollow Lake and is critical for carrying wastewater flow to the Eastside Wastewater Treatment Plant. New development upstream of the pump station will be prohibited due to the pump station being undersized to handle wastewater flows. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$45,600,000

Revenue Revenue Bonds Subtotal Expense Construction Subtotal

231

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Shadybrook Lift Station Improvements and Upsizing Project Type: Improvements Start Date: July 1, 2024 Est. Completion Date: December 31, 2028 Description: This project includes upsizing the existing lift station. The current upstream gravity system and force main are undersized for existing wastewater flows. This lift station is critical for carrying wastewater flow to the Eastside Wastewater Treatment Plant. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Revenue Revenue Bonds Subtotal

$24,000,000

Expense Construction Subtotal

232

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Triangle Lake Road – Hickory Chapel Road Project Type: Obsolete Lines Start Date: July 1, 2021 Est. Completion Date: December 31, 2027 Description: Obsolete water and sewer lines replacements for Triangle Lake and Hickory Chapel Road and various street tie-ins. The water lines are cast iron and were constructed in 1965. The sewer line is vitrified clay and was constructed in 1965. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Revenue Revenue Bonds Subtotal

$4,027,400

Expense Construction Subtotal

233

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: City Lake Dam Upgrade

Project Type: Upgrade Start Date: July 1, 2022 Est. Completion Date: December 31, 2030 Description: This project will rehab and upgrade the City Lake dam to increase spillway capacity to meet current dam safety criteria and state requirements for a design storm event. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$70,000,000

Revenue Revenue Bonds Subtotal Expense Construction Subtotal

234

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: NCDOT Johnson St/Sandy Ridge Rd Widening

Project Type: Improvements Start Date: July 1, 2022 Est. Completion Date: December 31, 2030 Description: This project will widen Johnson Street and Sandy Ridge Road, including sewer improvements to accommodate growth. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$3,939,500

Revenue Revenue Bonds Subtotal Expense Construction Subtotal

235

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

nhe\

Project Title: Eastside Expansion (26 to 32 mgd)

Project Type: Building Expansion Start Date: July 1, 2025 Est. Completion Date: December 31, 2028 Description: The Eastside Wastewater Treatment Plant was expanded in the early 2000’s and a large portion of the equipment utilized for the wastewater treatment is becoming obsolete and requiring increased maintenance. There is also a need to expand the capacity of the plant due to future development and the potential of increased wastewater flows.

Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$500,000

Revenue Revenue Bonds Subtotal Expense Engineering/Design Subtotal

236

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Piedmont Triad Regional Water Authority New Transmission Line Project Type: System Upgrade Start Date: July 1, 2027 Est. Completion Date: December 31, 2028 Description: To construct a new water transmission line to carry additional treated water from the Piedmont Triad Regional Water Authority. The new line will connect to the existing 30” transmission line at the intersection of Groometown Road / NC 62 and then be routed along NC 62 and I-74 corridor to tie into the Ward Water Treatment Plant. This project will provide additional treated water for the citizens of High Point - current and future. The project will provide an alternate water source in the event an issue occurs with the water plant or water distribution system. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$500,000

Subtotal

$500,000

Subtotal

$500,000

Revenue Revenue Bonds Expense Construction

237

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Shadybrook Gravity Sewer Improvements (Upstream) Project Type: Improvements Start Date: July 1, 2029 Est. Completion Date: December 31, 2031 Description: This project includes upsizing the gravity sewer lines to the Shadybrook Lift Station. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$4,960,000

Revenue Revenue Bonds Subtotal Expense Construction Subtotal

238

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: McKinley Lift Station Improvements (Upsizing) Project Type: Improvements Start Date: July 1, 2028 Est. Completion Date: December 31, 2031 Description: This project includes upsizing the existing lift station including water crossing. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$1,190,000

$6,188,000

$7,378,000

$1,190,000

$6,188,000

$7,378,000

Engineering/Design

$1,190,000

Construction

6,188,000

$1,190,000

$6,188,000

$7,378,000

Revenue Revenue Bonds Subtotal Expense

Subtotal

239

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: W. Lexington – Water Line Replacement (N. Main to Westchester) Project Type: Water/Sewer Lines Start Date: July 1, 2028 Est. Completion Date: September 30, 2030 Description: This project will replace the existing 6” water main located between N. Main Street and Westchester Drive. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$1,800,000

Engineering/Design

$300,000

Construction

1,500,000

$1,800,000

Revenue Revenue Bonds Subtotal Expense

Subtotal

240

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: E. Lexington – Water Line Replacement (N. Main to Centennial) Project Type: Water/Sewer Lines Start Date: July 1, 2028 Est. Completion Date: September 30, 2030 Description: This project will replace the existing 6” water main located between N. Main Street and N. Centennial Drive. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$2,040,000

Engineering/Design

$340,000

Construction

1,700,000

$2,040,000

Revenue Revenue Bonds Subtotal Expense

Subtotal

241

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: E. Lexington – Water Line Replacement (McGuinn to Five Points) Project Type: Water/Sewer Lines Start Date: July 1, 2028 Est. Completion Date: September 30, 2031 Description: This project will replace the 6” water main located between N. McGuinn Drive and Five Points Place. The existing water line was constructed in 1928 and there have been numerous main breaks along this line. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Revenue Revenue Bonds

$1,400,000

Engineering/Design

$200,000

Construction

1,200,000

$1,400,000

Subtotal Expense

Subtotal

242

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: Eastside - Primary Clarifiers 1-4 Coating Repairs

Project Type: Improvements Start Date: July 1, 2026 Est. Completion Date: December 31, 2029 Description: Project includes the evaluation of the condition of the Primary Clarifiers 1-4 at Eastside Wastewater Treatment Plant and develop a scope of service to address any issues that are found. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$360,000

$2,300,000

$2,660,000

$360,000

$2,300,000

$2,660,000

$360,000

$2,300,000

$2,660,000

$360,000

$2,300,000

$2,660,000

Revenue Revenue Bonds Subtotal Expense Construction Subtotal

243

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: Water Resources Plants & Lift Station Security Design

Project Type: Improvements Start Date: July 1, 2026 Est. Completion Date: December 31, 2029 Description: The Water Resources department recently completed and risk and resiliency evaluation for the water infrastructure. The evaluation included recommendations to improve the security at the facilities and remote locations. The project will improve the safety of water and sewer infrastructure. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$250,000

$2,500,000

$2,750,000

Subtotal

$250,000

$2,500,000

$2,750,000

Engineering & Design

$250,000

2,500,000

$250,000

$2,500,000

$2,750,000

Revenue Revenue Bonds Expense Construction Subtotal

244

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: Westside Primary and Final Clarifiers Coating Repairs

Project Type: Improvements Start Date: July 1, 2026 Est. Completion Date: December 31, 2029 Description: For re-coating of all primary and secondary clarifiers to prevent degradation and malfunction. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$30,000

$2,600,000

$2,630,000

$30,000

$2,600,000

$2,630,000

$30,000

$2,600,000

$2,630,000

$30,000

$2,600,000

$2,630,000

Revenue Revenue Bonds Subtotal Expense Construction Subtotal

245

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: Westside UV System Upgrade

Project Type: Improvements Start Date: July 1, 2026 Est. Completion Date: December 31, 2029 Description: A new UV system is needed to replace an old and obsolete system that is running out of replacement parts and is substituting damaged parts as they fail. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$200,000

$5,000,000

$5,200,000

$200,000

$5,000,000

$5,200,000

$200,000

$5,000,000

$5,200,000

$200,000

$5,000,000

$5,200,000

Revenue Revenue Bonds Subtotal Expense Construction Subtotal

246

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: East Fork Lift Station Design

Project Type: Improvements Start Date: July 1, 2026 Est. Completion Date: December 31, 2029 Description: The East Fork Lift Station is critical for carrying wastewater flow from the north side of the City to the Eastiside Wastewater Treatment Plant. This project will upgrade the pumps, electrical, and generator. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$500,000

$4,500,000

$5,000,000

Subtotal

$500,000

$4,500,000

$5,000,000

Engineering & Design

$500,000

4,500,000

$500,000

$4,500,000

$5,000,000

Revenue Revenue Bonds Expense Construction Subtotal

247

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: Ward Filters 5-8 and Super Pulsator Design

Project Type: Improvements Start Date: July 1, 2026 Est. Completion Date: December 31, 2029 Description: The green leaf filters and super pulsator are nearly 20 years old and are showing signs of metal and concrete deterioration. This project will evaluate the condition of the Ward Filters 5-8 and super pulsator. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$400,000

$1,600,000

$2,000,000

Subtotal

$400,000

$1,600,000

$2,000,000

Engineering & Design

$400,000

1,600,000

$400,000

$1,600,000

$2,000,000

Revenue Revenue Bonds Expense Construction Subtotal

248

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: Eastside Filter 1-4 Rebuild

Project Type: Improvements Start Date: July 1, 2026 Est. Completion Date: December 31, 2029 Description: The filter facilities at the Eastside Wastewater Treatment Plant are in need of replacement due to age and condition. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$3,000,000

$28,000,000

$31,000,000

Subtotal

$3,000,000

$28,000,000

$31,000,000

Engineering & Design

$3,000,000

28,000,000

$3,000,000

$28,000,000

$31,000,000

Revenue Revenue Bonds Expense Construction Subtotal

249

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: Ensley Outfall 2B

Project Type: Improvements Start Date: July 1, 2026 Est. Completion Date: December 31, 2029 Description: This project will replace deteriorated sanitary sewer pipe and provide for improved sewer service to customers. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$2,600,000

Revenue Revenue Bonds Subtotal Expense Construction Subtotal

250

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: NW Sewer System Improvements Future 3

Project Type: Improvements Start Date: July 1, 2026 Est. Completion Date: December 31, 2029 Description: This project will include improvements to meet the demands of future growth in the community. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$300,000

$2,000,000

$2,300,000

Subtotal

$300,000

$2,000,000

$2,300,000

Engineering & Design

$300,000

Construction

2,000,000

$300,000

$2,000,000

$2,300,000

Revenue Revenue Bonds Expense

Subtotal

251

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: Large Water Meter Change Out

Project Type: Improvements Start Date: July 1, 2026 Est. Completion Date: Ongoing Description: The purpose of this program is to replace and/or retrofit existing large meters and meter boxes. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$2,000,000

Revenue Revenue Bonds Subtotal Expense Construction Subtotal

252

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: Bethel Drive Pump Station

Project Type: Improvements Start Date: July 1, 2029 Est. Completion Date: Ongoing Description: Relocation of the pump station forcemain to remove it from a private industrial property, along with replacement of the existing pump station. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$500,000

$3,000,000

$3,500,000

$500,000

$3,000,000

$3,500,000

$500,000

Revenue Revenue Bonds Subtotal Expense Design Construction Subtotal

$3,000,000

$500,000

$3,000,000

$3,500,000

253

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: Eastside WWTP Rehabilitation Projects

Project Type: Improvements Start Date: July 1, 2029 Est. Completion Date: June 30, 2031 Description: This project will address a prioritized set of rehabilitation improvements identified from a recent plant assessment. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$2,000,000

$15,000,000

$17,000,000

$2,000,000

$15,000,000

$17,000,000

$2,000,000

Revenue Revenue Bonds Subtotal Expense Design Construction Subtotal

$15,000,000

$2,000,000

$15,000,000

$17,000,000

254

WATER RESOURCES Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: Sandy Ridge Elevated Storage Tank

Project Type: Improvements Start Date: July 1, 2029 Est. Completion Date: June 30, 2032 Description: Construction of a new elevated storage tank to replace the existing Sandy Ridge ground storage tank and pump station. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$1,000,000

$9,500,000

$10,500,000

$1,000,000

$9,500,000

$10,500,000

$1,000,000

Revenue Revenue Bonds Subtotal Expense Design Construction Subtotal

$9,500,000

$1,000,000

$9,500,000

$10,500,000

255

256

ELECTRIC CAPITAL PROJECTS

FY 2027 – 2031

257

ELECTRIC Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Area Outdoor Lighting Project Type: Infrastructure Start Date: Ongoing Est. Completion Date: Ongoing Description: Installation of new area lighting. Provides rental area lights as requested by customers.

Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$110,000

$550,000

$110,000

$550,000

$110,000

$550,000

$110,000

$550,000

Revenue Electric Fund Subtotal Expense Equipment/Machinery Subtotal

258

ELECTRIC Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Street Lighting Project Type: Infrastructure Start Date: Ongoing Est. Completion Date: Ongoing Description: Installation of new street lighting. Provides roadway lighting for city streets, improving safety and visibility.

Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$200,000

$1,000,000

$200,000

$1,000,000

$200,000

$1,000,000

$200,000

$1,000,000

Revenue Electric Fund Subtotal Expense Construction Subtotal

259

ELECTRIC Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Downtown Underground Project Type: Infrastructure Start Date: Ongoing Est. Completion Date: Ongoing Description: Addition of new circuits downtown and replacement of 30 year old submersible transformers and conversion of existing overhead lines downtown. The project will improve reliability, replace transformers before they fail resulting in outages and provide additional capacity for load growth downtown. The conversion of overhead lines will allow for construction of multi-story buildings without violating safety codes and make property more attractive for investment and development.

Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$200,000

$1,000,000

$200,000

$1,000,000

Construction

$100,000

$500,000

Equipment/Machinery

100,000

500,000

$200,000

$1,000,000

Revenue Electric Fund Subtotal Expense

Subtotal

260

ELECTRIC Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Overhead to Underground Conversion

Project Type: Infrastructure Start Date: Ongoing Est. Completion Date: Ongoing Description: Replacement of 30 year old overhead facilities for circuits E4, E7 and B4. This will improve electric system reliability for these circuits. The reconstruction will reduce the possibility of service interruption. These circuits not only serve customers but provide reserve capacity for the hospital, Westchester Drive, North Main Street and the Downtown area. The conversion of overhead lines to underground will promote development and provide capacity for electric system load growth.

Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$100,000

$500,000

$100,000

$500,000

$100,000

$500,000

$100,000

$500,000

Revenue Electric Fund Subtotal Expense Construction Subtotal

261

ELECTRIC Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Filter T1 Transformer Replacement Project Type: Equipment Start Date: July 1, 2025 Est. Completion Date: June 30, 2027 Description: Scheduled replacement for transformer at the end of its service life. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$750,000

Revenue Electric Fund Subtotal Expense Equipment/Machinery Subtotal

262

ELECTRIC Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Future Transmission Project Type: Equipment Start Date: July 1, 2025 Est. Completion Date: June 30, 2029 Description: Construction of an overhead transmission line connecting Jackson Lake Substation with Fairfield Substation. To provide backup to Jackson Lake and Fairfield Substations and to provide service to the proposed Southeast Substation. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$2,200,000

Revenue Electric Fund Subtotal Expense Equipment/Machinery Subtotal

263

ELECTRIC Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: Rebuild Buss at Commerce Substation Project Type: Facility Upgrade Start Date: July 1, 2026 Est. Completion Date: June 30, 2027 Description: Rework the main buss, which is in need of an upgrade, at the Commerce Substation. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$5,037,350

Subtotal

$5,037,350

Equipment/Machinery

$5,037,350

Subtotal

$5,037,350

Revenue Electric Fund Expense

264

ELECTRIC Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Southeast Substation Project Type: Infrastructure Start Date: July 1, 2028 Est. Completion Date: June 30, 2030 Description: Construction of a new 30 Mega Volt Amp (MVA) substation on the Fairfield Road site, which was purchased in prior years. This station will serve the southeastern part of the city. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$1,000,000

$3,000,000

$7,000,000

$1,000,000

$3,000,000

$7,000,000

Revenue Electric Fund Subtotal Expense Equipment/Machinery

$1,000,000

$3,000,000

$7,000,000

Subtotal

$1,000,000

$3,000,000

$7,000,000

265

ELECTRIC Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Voltage Regulator Replacements Project Type: Equipment/Machinery Start Date: July 1, 2025 Est. Completion Date: June 30, 2029 Description: The City has Voltage Regulators at some stations that have reached the end of their useful life. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$800,000

Subtotal

$800,000

Equipment/Machinery

$800,000

Subtotal

$800,000

Revenue Electric Fund Expense

266

ELECTRIC Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Feeder Breaker Additions Project Type: Equipment/Machinery Start Date: July 1, 2025 Est. Completion Date: June 30, 2029 Description: The utility is executing a multi-year initiative to replace aging distribution breakers with modern, digitally enabled units that improve reliability, fault detection, and remote operation capabilities. This project reduces outage durations, enhances system protection coordination, and supports grid modernization efforts such as automation and integration of distributed energy resources. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$800,000

$1,600,000

Subtotal

$800,000

$1,600,000

Equipment/Machinery

$800,000

$1,600,000

Subtotal

$800,000

$1,600,000

Revenue Electric Fund Expense

267

ELECTRIC Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Transmission Pole Replacements Project Type: Infrastructure Start Date: July 1, 2027 Est. Completion Date: June 30, 2030 Description: This project will replace older wood transmission poles with steel.

Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$1,000,000

$4,000,000

$1,000,000

$4,000,000

$1,000,000

$4,000,000

$1,000,000

$4,000,000

Revenue Electric Fund Subtotal Expense Construction Subtotal

268

ELECTRIC Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Centennial Substation Project Type: Infrastructure Start Date: July 1, 2028 Est. Completion Date: June 30, 2031 Description: The addition of Centennial Substation would aim to improve the reliability, capacity, and efficiency of the power grid. As our community grows and demand for electricity increases – due to new homes, businesses, data centers, or industrial facilities—existing infrastructure can become overloaded. This station will help distribute electricity more effectively by reducing strain on transmission and distribution lines and minimizing outages. It also supports future development, integrates renewable energy sources, and enhances overall grid resilience.

Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$7,000,000

Revenue Electric Fund Subtotal Expense Construction Subtotal

269

ELECTRIC Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Northeast Substation Project Type: Infrastructure Start Date: July 1, 2028 Est. Completion Date: June 30, 2030 Description: The northeast portion of the City is experiencing high load growth. This project will address the growth and additional electircal capacity needed.

Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$2,000,000

$4,000,000

$6,000,000

$2,000,000

$4,000,000

$6,000,000

$2,000,000

$4,000,000

$6,000,000

$2,000,000

$4,000,000

$6,000,000

Revenue Electric Fund Subtotal Expense Construction Subtotal

270

TRANSIT CAPITAL PROJECTS

FY 2027 – 2031

271

TRANSIT Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Bus Fleet Replacement Project Type: Vehicles Start Date: Ongoing Est. Completion Date: Ongoing Description: Buses are being replaced because of the cost associated with an aging fleet with high mileage. Replacement cost is estimated at $800,000 per bus. Federal/State/City funding of 80%, 10%, 10% split.

Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

General Fund

$215,770

$249,770

$337,770

$372,800

$1,176,110

State Grants

214,510

248,510

336,510

371,120

1,170,650

Federal Grants

1,721,120

1,993,120

2,697,120

2,975,680

9,387,040

$2,151,400

$2,491,400

$3,371,400

$3,719,600

$11,733,800

$2,151,400

$2,491,400

$3,371,400

$3,719,600

$11,733,800

$2,151,400

$2,491,400

$3,371,400

$3,719,600

$11,733,800

Revenue

Subtotal Expense Vehicles Subtotal

272

TRANSIT Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Transit Maintenance Facility Renovation Project Type: Improvements Start Date: July 1, 2026 Est. Completion Date: June 30, 2027 Description: This project would include the rehabilitation and resurfacing the damaged areas of the parking lot as well as add a new parking area to replicate the existing spaces at the end of the building. The addition of a 50' x 54' space to include a dedicated parts room, general storage space for large items, and two (2) offices. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$40,000

Revenue General Fund Federal Grants Subtotal

160,000

$200,000

Expense Construction Subtotal

273

TRANSIT Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Transit Fueling Station Dispenser Replacement Project Type: Equipment/Machinery Start Date: July 1, 2026 Est. Completion Date: June 30, 2027 Description: Replace an aging, existing diesel fuel dispenser unit that serves the bus fueling at the Transit Operations Center. The replacement ensures continued operational efficiency and regulatory compliance with minimal downtime, securing our fueling infrastructure for the foreseeable future. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

General Fund

$4,000

Federal Grants

16,000

$20,000

Revenue

Subtotal Expense Equipment/Machinery Subtotal

$20,000

274

TRANSIT Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Paratransit Vehicle Replacement Project Type: Vehicles Start Date: Ongoing Est. Completion Date: Ongoing Description: Vehicles are being replaced because of the cost associated with an aging fleet with high mileage. Newer vehicles are more reliable and have a ramp to allow for accessible entry for passengers in wheelchairs or who have difficulty with stairs. Estimated cost is $250,000 per vehicle. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

General Fund

$76,650

$153,300

State Grants

75,750

151,500

Federal Grants

609,600

1,219,200

$762,000

$1,524,000

$762,000

$1,524,000

$762,000

$1,524,000

Revenue

Subtotal Expense Vehicles Subtotal

275

TRANSIT Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Five Points Transfer Hub Property Acquisition and Facility Construction Project Type: Land Purchase/Construction Start Date: July 1, 2020 Est. Completion Date: December 31, 2031 Description: This project will build a small passenger waiting facility in the Five Points area where two current, one forthcoming route, and one planned route will all intersect and passengers will be able to transfer between the routes. The convergence of four routes in one area outside of downtown will be a great convenience for transit passengers. Unlike downtown, the routes may not be timed so that the buses will all be there at the exact same time. This will necessitate a waiting area to protect passengers from environmental factors. This building will also provide the operators access to restroom facilities as two of the four routes never go downtown. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

General Fund

$100,000

$25,000

$125,000

State Grants

100,000

25,000

125,000

Revenue

Federal Grants Subtotal

800,000

200,000

1,000,000

$1,000,000

$250,000

$1,250,000

$1,000,000

$250,000

$1,250,000

$1,000,000

$250,000

$1,250,000

Expense Land/ROW Costs Subtotal

276

TRANSIT Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Operators’ Training Property Acquisition & Facility Construction Project Type: Construction Start Date: July 1, 2023 Est. Completion Date: June 30, 2030 Description: The purchase of approximately 2.3 acres that consist of multiple properties between the northeast property line of the current transit system location and W English Rd. for construction of a training facility. Currently, transit operators are trained solely in the limited area in the current operations center parking lot and in the right-of-way with other traffic. There is no space to work with operators on specific skills and maneuvers. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

General Fund

$100,000

$25,000

$125,000

State Grants

100,000

25,000

125,000

Federal Grants

800,000

200,000

1,000,000

$1,000,000

$250,000

$1,250,000

Land/ROW Costs

$500,000

$250,000

$750,000

Construction

500,000

$1,000,000

$250,000

$1,250,000

Revenue

Subtotal Expense

Subtotal

277

TRANSIT Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Bus Parking Canopy Project Type: Construction Start Date: July 1, 2023 Est. Completion Date: June 30, 2026 Description: Construct a large-scale, elevated canopy structure over the existing 180 foot by 90 foot fleet parking lot to provide essential weather protection, integrated task lighting for staff working during early morning/evening hours, and a sustainable, solar-powered energy source for the facility's electrical needs. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

General Fund

$25,000

$250,000

$275,000

State Grants

25,000

250,000

275,000

Federal Grants

200,000

2,000,000

2,200,000

$250,000

$2,500,000

$2,750,000

$250,000

$2,500,000

$2,750,000

$250,000

$2,500,000

$2,750,000

Revenue

Subtotal Expense Construction Subtotal

278

TRANSIT Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Transit Fuel Island Canopy Replacement Project Type: Construction Start Date: July 1, 2023 Est. Completion Date: June 30, 2029 Description: The current canopy was built in 1979. A contractor repaired the canopy roof approximately 5 years ago. The roof is leaking again, and the entire structure is showing its age. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

General Fund

$20,000

$40,000

Federal Grants

80,000

160,000

$100,000

$200,000

$100,000

$200,000

$100,000

$200,000

Revenue

Subtotal Expense Construction Subtotal

279

TRANSIT Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Neighborhood Transfer Centers Project Type: Construction Start Date: July 1, 2023 Est. Completion Date: June 30, 2032 Description: This project is to develop five enhanced transfer facilities at locations where two or more bus routes connect. The facilities could be enhanced shelters with seating, trash receptacles, lighting, real-time signage, additional shade canopies, and emergency call buttons. The proposed five community transfer points can be designed to meet ridership needs and reflect the neighborhood's character. The transfer points can start as enhanced shelters and grow to more advanced facilities. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

General Fund

$60,000

$240,000

Federal Grants

240,000

960,000

$300,000

$1,200,000

$300,000

$1,200,000

$300,000

$1,200,000

Revenue

Subtotal Expense Construction Subtotal

280

PARKING CAPITAL PROJECTS

FY 2027 – 2031

281

PARKING Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Parking Facilities Improvements Project Type: Facility Maintenance Start Date: Ongoing Est. Completion Date: Ongoing Description: Facility upgrades for the City's parking decks. Structural repairs and upgraded monitoring and security systems. The funds would also be used for deferred maintenance issues. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$75,000

$375,000

Subtotal

$75,000

$375,000

$75,000

$375,000

Subtotal

$75,000

$375,000

Revenue Parking Fund Expense Construction

282

PARKING Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Broad Street Deck Elevator Modernization Project Type: Facility Maintenance Start Date: Ongoing Est. Completion Date: Ongoing Description: Modernization of the existing elevator in the Broad Street Parking Deck. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$375,000

Revenue Parking Fund Subtotal Expense Construction Subtotal

283

PARKING Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Plaza Deck Elevator Modernization Project Type: Facility Maintenance Start Date: Ongoing Est. Completion Date: Ongoing Description: Modernization of the existing elevator in the Plaza Parking Deck. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$375,000

Revenue Parking Fund Subtotal Expense Construction Subtotal

284

SOLID WASTE CAPITAL PROJECTS

FY 2027 – 2031

285

SOLID WASTE Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Material Recycling Facility (MRF) Maintenance Project Type: Maintenance Start Date: Ongoing Est. Completion Date: Ongoing Description: MRF facility upgrades will require ongoing maintenance. This funding will be used to assist with keeping the facility and equipment in good working order. Ongoing equipment and building maintenance will assure efficient operations and safe environments on site for the workers, those visiting, and processing of materials. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$50,000

$250,000

Subtotal

$50,000

$250,000

Improvements to Buildings

$50,000

$250,000

Subtotal

$50,000

$250,000

Revenue Landfill Operations Fund Expense

286

SOLID WASTE Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Landfill - Leachate Pump Station Sand Filter Project Type: Maintenance Start Date: July 1, 2027 Est. Completion Date: June 30, 2028 Description: Construction of a Leachate Pump Station Sand Filter is needed at the Kersey Valley Landfill to mitigate sediment from the landfill getting into the treatment unit. Project includes a master plan layout and potential treatment units, increased dimensions of the existing Sand Trap, temporary bypass connection for easier access and downstream of the flow meter. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$500,000

Revenue Landfill Operations Fund Subtotal Expense Construction Subtotal

287

SOLID WASTE Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Kersey Valley Phase I-IV Post Closure Reserve Project Type: Landfill Development Start Date: January 20, 2017 Est. Completion Date: Ongoing Description: This project has been established to fund the ongoing expenses associated with postclosure activities associated with the Kersey Valley Landfill. These expenses are estimated by the contracted engineering and geological services consultant and expected to be paid over a 30 year period. The activities include annual expenses for mowing, leachate management, groundwater/surface water monitoring, and revegetation. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Landfill Post-Closure Fund

$171,000

$855,000

Subtotal

$171,000

$855,000

$171,000

$855,000

$171,000

$855,000

Revenue

Expense Construction Subtotal

288

SOLID WASTE Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: MRF - Relocation of Compactor Project Type: Infrastructure Start Date: July 1, 2027 Est. Completion Date: June 30, 2028 Description: Relocation of the compactor that holds the residual at the end of the recycling process. Currently, the compactor is in the building. This project would connect the compactor with an additional long conveyor and then place it outside the facility. The relocation will free up space for more commodities and furniture market material. In addition, it will make the facility cleaner and more efficient. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$375,000

Revenue Landfill Operations Fund Subtotal Expense Equipment/Machinery Subtotal

289

SOLID WASTE Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Environmental Services Administration Building Project Type: Building Construction Start Date: July 1, 2021 Est. Completion Date: December 31, 2030 Description: Construction of an administration building to provide offices, lockers, restrooms, and adequate storage to accommodate the growing needs of the division. The new facility would allow a more adequate administration area while providing sufficient break area and restroom facilities for the front-line staff. Additionally, much needed parking would result from this addition. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$700,000

Revenue Landfill Operations Fund Subtotal Expense Construction Subtotal

290

SOLID WASTE Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Ingleside Composting Facility (ICF) – Future Tub Grinder Replacement Project Type: Equipment/Machinery Start Date: July 1, 2027 Est. Completion Date: June 30, 2030 Description: Replacement of a 2009 Morbark 1300b tub grinder. This machine plays a crucial role in maintaining the cleanliness of the city and effectively managing yard waste debris. The parts for this machine are becoming more expensive compared to those for a newer machine, as they are less abundant and can be challenging to locate. Considering the age of the machine, it has surpassed its expected lifespan and is resulting in more time dedicated to repairs than actual usage. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$1,500,000

Revenue Landfill Operations Fund Subtotal Expense Equipment/Machinery Subtotal

291

SOLID WASTE Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Kersey Valley Landfill Phase VIII Expansion Project Type: Landfill Development Start Date: July 1, 2027 Est. Completion Date: June 30, 2029 Description: This project will connect the old landfill site (west of Kersey Valley Rd) to the new landfill site (east of Kersey Valley Rd), thus providing additional years of municipal solid waste disposal serving the city and its customers. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$4,000,000

Revenue Landfill Post-Closure Fund Subtotal Expense Construction Subtotal

292

SOLID WASTE Adopted 2027-2031 Capital Improvement Program (CIP)

Project Title: Kersey Valley Landfill Transfer Station Project Type: Building Construction Start Date: July 1, 2029 Est. Completion Date: December 31, 2031 Description: Construction of a Transfer Station at the current landfill site. This project will lessen the traffic on the working face of the landfill. This will translate into less congestion with the possibility of accidents. When Kersey Valley Landfill reaches full capacity, waste will have to be transferred to another location. The Transfer Station would be located at the current landfill site. The scale house and convenience center would still be utilized. Operating the station now will allow City of High Point collection vehicles to take their waste to the station versus entering the landfill. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$1,300,000

Revenue Landfill Operations Fund Subtotal Expense Construction Subtotal

293

SOLID WASTE Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Landfill – Lowboy Trailer Project Type: Equipment/Machinery Start Date: July 1, 2029 Est. Completion Date: June 30, 2030 Description: Replacing the current trailer will ensure the safe transport of heavy equipment for daily operations to locations such as Ingleside, Riverdale, and maintenance vendors. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$120,000

Revenue Landfill Operations Fund Subtotal Expense Equipment/Machinery Subtotal

$120,000

294

STORMWATER CAPITAL PROJECTS

FY 2027 – 2031

295

STORMWATER Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Annual Culvert Repairs Project Type: Improvements Start Date: July 1, 2024 Est. Completion Date: Ongoing Description: This project is focused on the annual repair of culverts identified as needing repair or replacement. The Engineering Department will perform the design, while the repairs will be put out for bid based on severity. This project will eliminate the need to close roadways or reduce posted weight for culverts that are under roadways. This infrastructure is vital for the passage of stormwater on normal days, but in particular during storm events, to prevent flooding of surrounding properties. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

Stormwater Fund

$1,000,000

$5,000,000

Subtotal

$1,000,000

$5,000,000

$1,000,000

$5,000,000

$1,000,000

$5,000,000

Revenue

Expense Construction Subtotal

296

STORMWATER Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Closed-Circuit Television (CCTV) Trailer with Equipment Replacement Project Type: Equipment/Machinery Start Date: July 1, 2024 Est. Completion Date: December 31, 2031 Description: The current stormwater CCTV camera system is approaching the end of its life cycle. It has required multiple repairs this past year to maintain functionality and has negatively impacted the Stormwater Divisions ability to find and document stormwater issues. CCTV Equipment is used to help diagnose stormwater issues and provide greater detail of our stormwater infrastructure. This equipment is used to respond to citizen complaints and provide details of failing stormwater infrastructure to determine repairs that may be needed. Stormwater infrastructure is checked with this equipment prior to resurfacing projects to prevent utility cuts in the future after new asphalt. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$50,000

$250,000

$50,000

$250,000

$50,000

$250,000

$50,000

$250,000

Revenue Stormwater Fund Subtotal Expense Equipment/Machinery Subtotal

297

STORMWATER Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Ray Street (R1, 2, 3a, b, c, d)/Hospital Project Type: Stormwater Start Date: July 1, 2017 Est. Completion Date: June 30, 2027 Description: This project is part of a larger study that was performed in 2004. This work will reduce and mitigate stormwater issues in the Ray Street basin. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$8,520,000

Subtotal

$8,520,000

Subtotal

$8,520,000

Revenue Debt Proceeds Expense Construction

298

STORMWATER Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Hamilton Street (M2) – Central Business District NE Side Project Type: Stormwater Start Date: July 1, 2023 Est. Completion Date: December 31, 2027 Description: This project is part of a larger study that was performed in 2004. This work will reduce and mitigate stormwater issues in the Hamilton Street basin. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$8,000,000

Subtotal

$8,000,000

Subtotal

$8,000,000

Revenue Debt Proceeds Expense Construction

299

STORMWATER Adopted 2027-2031 Capital Improvement Program (CIP) Project Title: Jacobs Place (JP7) Project Type: Stormwater Start Date: September 1, 2020 Est. Completion Date: December 31, 2027 Description: The existing drainage system is undersized. The drainage improvements will address frequent flooding that occurs along Wrenn Street, Main Street, and Russell Avenue. Surrounding buildings along Main Street and Wrenn Street flood. The improvements will address flooding - Wrenn Street drainage system improvements. Project Details Account

FY 2027

FY 2028

FY 2029

FY 2030

FY 2031

Total

$6,190,000

Revenue Debt Proceeds Subtotal Expense Construction Subtotal

300

GLOSSARY OF FREQUENTLY USED TERMS -AAccount Number - the accounting designation for revenue and expenditure line items. Accrual Accounting - a basis of accounting in which revenues and expenses are recorded at the time they are incurred, instead of when cash is actually received or disbursed. Activity - a level of budgeting which identifies a particular program or service within a department. Contained within an activity budget may be one or more sub-activity budgets. Ad Valorem Taxes - commonly known as property taxes. For most governments, it is the single greatest revenue source. Taxes are levied at the stated tax rate for both real and personal property according to the valuation. Adopted Budget - the official expenditure plan adopted by the City Council for a fiscal year. Allocation - distribution of funds to different departments, programs, or projects. Appropriated Fund Balance - revenue appropriated from existing fund balance to help fund expenditures in a given fiscal year. Appropriation - an authorization by the governing board to make expenditures and incur obligations for specific purposes. Assessed Valuation - the total value established for real property and used as the basis for levying property taxes. Assets - any resource owned by the city that has economic value, such as buildings, infrastructure, land, equipment, and investments. -BBalanced Budget - the situation that exists when total anticipated revenues are equal to total planned expenditures. The state of North Carolina requires a balanced budget. Benchmarking - the identification of best-in-class performers; the comparison of local performance outputs and results with those of top performers; the analysis of practices that account for any performance gaps; and the development and implementation of strategies to adjust the gap in one’s favor. Benefits - mandated employee benefits and other programs such as health insurance, which benefit the employee and their family.

301

GLOSSARY OF FREQUENTLY USED TERMS Bond - a written promise to pay a specified sum of money at a specified date in the future with periodic interest at a specific rate. Bond Anticipation Note - short-term, interest-bearing notes issued by the City in anticipation of bonds to be issued at a later date. The notes are retired from proceeds of the bond issue to which they are related. Bond Issuance - the process of raising funds by selling bonds to investors, which the municipality agrees to repay with interest over time, typically for financing large capital projects. Bond Referendum - an election in which voters pass or defeat a proposal by the City government to issue debt in the form of interest-bearing notes. Budget - a comprehensive financial plan of operation for a specified period of time containing an estimate of proposed expenditures and the means of financing them. In the state of North Carolina, it is mandated that a balanced budget be produced, i.e., revenue equals expense. Budget Calendar - the schedule for completion of the various tasks involved in the preparation, submission, and adoption of the fiscal year annual operating budget for the City. Budget Document - a detailed report outlining the City’s financial plan, including the projected revenues, expenditures, and allocations for a specific period, usually one fiscal year. Budget Message - a formal letter of transmittal contained in the proposed budget document prepared by the City Manager and addressed to the governing board which contains the City Manager's views and recommendations on the City's operation for the coming fiscal year. Budget Ordinance - the legal document approved by the governing board that establishes the spending authority for the City. -CCapital Asset - facilities and equipment that are tangible assets having a significant value ($5,000 or greater) and a useful life of three years or more. Capital Improvement Program - a plan for capital expenditures to be incurred each year over a fixed period of years to meet capital needs arising from long-term work programs. Capital expenditures of significant amounts of money involving major construction and acquisition are usually included in the capital improvement program (CIP). Capital Outlay - budgeted expenditures of at least $5,000 for tangible items with a useful life of at least three years.

302

GLOSSARY OF FREQUENTLY USED TERMS Capital Project Fund - a fund used to account for expenditures for major construction and acquisition projects that are not accounted for in other funds and are anticipated to be completed in one year. Capital Project Ordinance - authorizes a major capital expenditure and continues in effect for the life of the project. It is characteristic that the types of projects covered by a capital project ordinance span several years due to the scope of work being performed. The ordinance specifies the funding and line-item expenditures for the project. Capital Reserve Fund - a fund established for the purpose of receiving transfers of money from other funds (usually enterprise funds) to build fund balance for a specific future outlay of capital. Cash Equivalents - highly liquid investments with maturities of three months or less when purchased to be cash or cash equivalents, or demand deposits. Catalyst Project – a downtown development project identified in 2016 to produce 500 private sector jobs, 15-20 new restaurants and shops, 250 additional residential housing units and a centralized gathering space. Central Services Fund - a fund used to account for goods and services provided by one department to other departments on a cost reimbursement basis, such as print shop services or computer replacement. Community Development Block Grant Fund - used to account for revenues and expenses derived from the Community Development Block Grant entitlements to the City. Contingency - an appropriation by fund used at the City Council's discretion to provide budget for unanticipated expenditures. Core City Plan - A plan for guiding the development, redevelopment and revitalization of neighborhoods as outlined in the Core City Plan developed in 2006 and adopted by the City Council on February 8, 2007. The public-private partnership Plan’s purpose is designed to define and improve the physical, economic and social fabric of the downtown and surrounding neighborhood, institutional, commercial, and industrial areas. The City contributes funding to the plan annually. The name was changed from Core City to “The City Project” in 2011. Cost Allocation - process of distributing shared costs among different departments, programs, or projects to accurately reflect their expenses. -DDebt Service - Moneys required for payment of principal and interest and other associated expenses on outstanding bond debt.

303

GLOSSARY OF FREQUENTLY USED TERMS Deferred Revenues - revenues submitted to the City before the eligibility requirements are recorded and reported. Deficit - occurs when expenditure exceeds revenue over a period of time. Department - a major operating budget area of the City which includes overall management for an activity or group of related activities with possibly one or more sub-activities. -EEffectiveness Measures - the level of satisfaction of the services being delivered or the extent to which pre-determined goals and objectives have been reached. Effectiveness indicators more accurately measure the quality-of-service output to know whether a program or service is accomplishing what was intended. Efficiency Measures - the units of service produced (output) per amount of resources expended (input). Indicates how well a government is performing the things it is doing. This measure is a good indicator of how reasonable service costs are - the ratio of quantity of service provided to the cost, in dollars or labor. ElectriCities - a not-for-profit government service organization representing cities, towns, and universities that own electric distribution systems. Today, ElectriCities represents more than 90 members in North Carolina, South Carolina, and Virginia. Encumbrance - an obligation in the form of a purchase order or a contract, which is chargeable to an appropriation and for which a part of the appropriation is reserved. It becomes an expenditure when paid. Enterprise Fund - a fund established to account for the operation of facilities and services that are entirely or predominantly financed through user charges. The City's enterprise funds are Water, Sewer, Electric, Mass Transit, Parking, Solid Waste Facilities, and Stormwater. Environmental Services Pick-up Fee (Availability Fee) – a revenue source for the Solid Waste Fund from the pickup of refuse from residential, commercial and industrial customers. Equities - assets less liabilities of a fund. ERP – Enterprise Resource Planning - integrated financial and human resources solutions that help to streamline and improve public-sector business processes.

304

GLOSSARY OF FREQUENTLY USED TERMS ERU – Equivalent Residential Units - a calculated methodology to determine the basis for determining the monthly stormwater utility fee to be charged to the customer. The ERU per customer is determined by dividing the total square footage of impervious surface area on the customer’s property by the square footage of one ERU (2,588). The result is multiplied by the dollar amount established by City Council. Expenditure - the amount paid for goods delivered and services rendered. -FFiduciary Fund - a fund used to account for assets held by the City in a trustee or agent capacity for other agencies or organizations. Fiscal Year - a twelve-month period of time to which the annual budget applies. The City of High Point's fiscal year is from July 1 through June 30. Fixed Asset - tangible property owned by the City having a monetary value of $5,000 or greater and a useful life of three years or more. Fringe Benefits - funds budgeted for the City’s contribution for employee benefits including retirement, health insurance, social security, and life insurance. Full Accrual - a method used in proprietary funds for recording the expenditure of funds in which revenues are recorded when they are earned, and expenses are recorded when a liability is incurred. Full-Time Positions - authorized positions budgeted per year. Fund - an independent accounting entity with a self-balancing set of accounts. Fund Balance - the excess of a fund's assets and revenues over its liabilities, reserves, and expenditures at the close of the fiscal year. -GGAAP (Generally Accepted Accounting Principles) – accounting principles that are commonly used in preparing financial statements and generally accepted by the readers of those statements. The source of GAAP for state and local governments is the Governmental Accounting Standards Board. General Capital Projects Fund - used to account for major capital expenditures (acquisition and construction) other than those financed by enterprise funds. These projects usually require more than one year for completion. 305

GLOSSARY OF FREQUENTLY USED TERMS General Fund - used to account for the ordinary operations of the City, which are financed through taxes, other general revenues, and contributions, transfers, and reimbursements from other funds. Unless there is a legal accounting requirement, all activities are accounted for in the General Fund. General Obligation Bonds - debt issued by the City that is backed by its taxing authority. Goal - a broad statement of purpose or intent to achieve a desired state of affairs. A goal describes a desired effect on the community. Governmental Funds – segregations of financial resources. Expendable assets are assigned to the various governmental funds, and current liabilities are assigned to the fund from which they are to be paid. The difference between governmental fund assets and liabilities, the fund equity is referred to as “Fund Balance.” Grants - a contribution or gift in cash or other assets from another government or non-profit foundation to be used for a specified purpose — For example, a grant from the State of North Carolina for the construction of a major highway. -IIndirect Costs - expenses not directly linked to a specific project or department but necessary for overall operations, such as utilities, IT services, and office supplies. Infrastructure - the base or framework of a community that is necessary to support the orderly function of government and service delivery to communities. Examples include water and sewer (improvements to lines, treatment plants), streets, and stormwater projects. Input Measures - the amount of resources expended or consumed in the delivery of services. Interest on Investments - revenue earned from investment of City funds with a third party. Interfund Transfers - transfers of money between accounting funds as authorized by the City Council. Intergovernmental Revenue - revenue received by the City from federal, state, and county agencies. Internal Service Funds - a type of proprietary fund that accounts for activities that serve other city departments. For instance, the Central Services Fund accounts for services such as radio, computer, and fleet services on a cost-reimbursement basis that provides the revenue to support the fund. Other city internal service funds include Insurance Reserve Fund and General Risk Retention Fund.

306

GLOSSARY OF FREQUENTLY USED TERMS Intragovernmental Revenue - revenues generated by a City department for services provided to other City departments. -LLease-Purchase Agreement - a method of financing the purchase of a fixed asset, which allows the City to spread the cost over a specified period of time. LED Lighting (light-emitting diode) – LEDS are more efficient because LEDs produce more lumens per watt than other alternatives, and also because they can be tuned to the specific wavelengths. They can be used for traffic signals, light bulbs, lanterns, and streetlights. LEED Certification (Leadership in Energy and Environmental Design) – provides independent, third-party verification that a building project is environmentally responsible, profitable and a healthy place to live. Green Building Rating System, developed by the U.S. Green Building Council (USGBC), provides a suite of standards for environmentally sustainable construction. Licenses & Permits - revenue received by the City from individuals and corporations for the purpose of conducting business or performing certain activities. Line Item - a unit of budgeted expense used to classify expenditures by item or category. A line item establishes the permissible level of expenditure for an item. -MMiracle League - A non-profit organization in High Point called “The Miracle League of High Point” for the purpose of providing opportunities for children with disabilities to play Miracle League baseball on a specially designed field. The High Point field was funded by private donations, with the land and grading for the site provided by the City of High Point. Mission Statement - a clear statement of the purpose and goal(s) toward which a department directs their efforts. (The reason the department exists.) Modified Accrual - a method for recording the receipt and expenditure of funds in which revenues are recorded when they become measurable and available, and expenditures are recorded when the liability is incurred. -NNon-Departmental - expenditures for purposes that are not related to a specific department function.

307

GLOSSARY OF FREQUENTLY USED TERMS Non-Departmental Appropriations - budgeted funds that are allocated for expenses that do not belong to any specific department, such as citywide initiatives or general administrative costs. -OObjective - a specific target for achievement which represents an interim step, or progress toward a goal, within a specified time span and which is measurable. Ombudsman - A government official who investigates citizens' complaints against the government or its functionaries. Operating Budget - the City’s financial plan for its operation for the fiscal year that outlines the proposed expenditures and revenue estimates to finance the expenditures. Operating Expenses - funds allocated for the day-to-day operation of the City’s services. These expenses exclude capital outlay. Ordinance - a legislative enactment by the City Council. It has the full force of law within the City if it is not in conflict with any higher law. Outcome Measures - the social, economic or cultural conditions that the program seeks to influence, and the actual results/impacts produced by the program or service. Output/Workload/Activity Measures - the quantity of services provided. -PPart-Time Positions - authorized positions with various work schedules of 1,750 hours per year or less. Pay Go Funding - a method in which annual revenue appropriations are used for funding capital projects as opposed to the issuance of long-term debt. General Fund projects are usually funded by an appropriation from the General Fund consisting of primarily property tax revenues. Capital projects in proprietary funds are funded by the respective revenues in these funds. Performance Measure - the quantity or level of service provided. The indicator or criterion against which users can assess the successful achievement of a service or program. Performance Measurement - the systematic method in which City departments develop and monitor objectives that assess the outcome and effectiveness of a delivered service or program. Provides the government a way of determining whether it is providing a quality service at a reasonable price. Must not be seen as a “score-keeping system,” but as a decision-making tool.

308

GLOSSARY OF FREQUENTLY USED TERMS Performance Objectives - the means used to accomplish a mission. Clear targets for specific action. More detailed than the mission statement; have shorter time frames; state quantity when possible; measurable over time and reasonably achievable. Personal Property - includes tangible property not permanently affixed to real property. Examples include vehicles, boats, trailers, and equipment. Personnel Services - salaries, wages, and fringe benefits. Powell Bill Funds - state allocated funds for the maintenance, construction, and improvement of local streets and public thoroughfares. Property Tax - an annual tax levied by the City Council on the value of real property to fund General Fund expenditures. The amount of revenue derived from the tax is calculated by taking the tax value of the real property, dividing it by 100, multiplying it by the tax rate, and then by the collection percentage. Proposed/Recommended Budget - a financial plan presented by a government entity outlining anticipated revenues and expenditures for a specific period, typically a fiscal year, which is subject to review, modification, and approval by the governing body. Proprietary Funds – funds that are used to account for a government’s on-going organizations which are like those found in private businesses or private sector. These funds have their own set of revenue and expense accounts. Measurement focus is income, financial position and changes in financial position. -RReal Property - land, buildings, and items permanently affixed to land or buildings. Reserve - a portion of a government’s funds set aside for specific purposes, such as emergency expenses, future projects, or to cover unexpected shortfalls, ensuring financial stability and flexibility. Retained Earnings - an equity account reflecting the accumulated earnings of an enterprise fund or internal service fund. Revaluation – defined as the re-appraisal or re-assessment of value. In the City of High Point budget document, “revaluations” describe the process county tax collectors use to update the values of taxable real property within the city limits as well as the county. Revenue - income received by the City from various sources used to finance its operations.

309

GLOSSARY OF FREQUENTLY USED TERMS Revenue Bonds - bonds whose principal and interest are payable exclusively from the earnings of an enterprise fund. Revenue bonds are payable from identified sources of revenue and do not permit the bondholders to compel taxation or legislative appropriation of funds not pledged for payment of debt service. Revenue Neutral Property Tax Rate – defined by North Carolina General Statutes as the rate that is estimated to produce revenue for the next fiscal year that would have been produced the current property tax rate if no re-appraisal had occurred. -SSolid Waste User Fee – the per month fee that customers pay for access of refuse to the landfill. This fee does not cover the actual pick-up of refuse. Special Appropriations - accounts used for a non-profit organization’s funding, prior year workers’ compensation and unemployment claims, and for expenditures not routinely appropriated in operating budgets. Special Grants Fund - a fund established to account for grant revenues received designated for expenditure on programs and projects. These programs and projects are usually non-recurring in nature and of short duration. Revenues received are from federal, state, and local sources. Special Revenue Fund – a type of governmental fund used to account for specific revenues that are designated for specific expenditure. For example, the Special Grants Fund is used to account for revenues received from federal, state, and local sources or groups designated for expenditure on programs or projects. Other Special Revenue Funds include the Community Development Fund and Showroom and Occupancy Tax Fund. Sub-Activity - a level of budgeting which identifies a specific area of work necessary for performing a budgeted activity. -TTax Base - the total assessed valuation of real property within the city limits. Tax Levy - the total amount of revenue to be raised from the property tax levied by the City Council in the annual budget ordinance. Tax Rate - the amount of tax per $100 of assessed valuation levied by the City Council. Treasury Subsidies – subsidies from the United States Department of Treasury will rebate a portion of the interest paid on taxable bonds as authorized by the American Recovery and Reinvestment Act of 2009 (ARRA).

310

GLOSSARY OF FREQUENTLY USED TERMS Two-Thirds Bonds - legally authorized General Obligation bonds that may be issued without voter approval. The statute allows local government to issue up to 2/3 of the amount of general obligation bonds that were paid off in the previous year. These bonds can be used for any other general obligation purpose other than the financing of auditoriums, coliseums, arenas, stadiums, civic centers or convention centers, art galleries, museums, historic properties, public transportation systems, cable television systems, or redevelopment projects. -UUnassigned Fund Balance - portion of a governmental fund’s resources that are not restricted, committed, or assigned for specific purposes. It represents the financial flexibility and reserves available for unforeseen expenditures or emergencies within the municipality. User Charges - the payment of a fee for receipt of a service provided by the City. -VValuation - the tax value of real property as determined by the Guilford County tax assessors every eight years. The property valuation is multiplied by the tax rate per $100 of valuation to arrive at the tax bill for a particular piece of taxable property. -WWorkforce Program - a separate but supported strategic plan to implement recommended development strategies to assist the community’s workforce as they compete for highly-skilled jobs in the region. The idea is to develop communication and training materials to support community education with a combination of government, business, education, and community leaders working together to assist community residents’ short-term actions to improve workforce education, training, and preparedness.

311

ACCOUNTING UNIT DIRECTORY Budgets, both revenue and expense are identified by a six-digit accounting unit number. The first three digits identify the fund for the accounting unit. Each division within a department is assigned an accounting unit.

Accounting Unit

Department

Division

General Fund 101101 101102

Governing Body Governing Body

City Council City Clerk

101111 101264

City Management City Management

City Manager Shared Use Kitchen Operations

101112

Budget and Evaluation

101121

City Attorney

101151 101152 101153 101154

Communication & Public Engagement Communication & Public Engagement Communication & Public Engagement Communication & Public Engagement

Administration Communications & Marketing Human Relations Organizational Advancement

101211 101212

Human Resources Human Resources

Administration Safety and Health

101221 101222 101223 101224 101225

Financial Services Financial Services Financial Services Financial Services Financial Services

Administration Accounting - Reporting Accounting - Operations Purchasing Risk Management

101231 101232 101265

Engineering Services Engineering Services Engineering Services

Engineering Services Facilities Maintenance Stadium Maintenance

101241 101242

Information Technology Services Information Technology Services

Administration Communications Center

101262 101263

Maintenance Operations Maintenance Operations

Depot Maintenance Joblink-Idol Street Building

312

ACCOUNTING UNIT DIRECTORY Accounting Unit

Department

Division

General Fund (cont’d) 101311 Police 101312 Police 101315 Police

Chief's Office Police Investigations Police Facilities

101316 101317 101318

Police Police Police

Police Patrol Police Support Services Police Community Engagement

101351 101352

Fire Fire

Administration Suppression

101411 101421 101431 101441

Parks and Recreation Parks and Recreation Parks and Recreation Parks and Recreation

Administration Recreation Programs Special Facilities Parks

101451 101452 101453 101454 101455 101456 101457 101458 101459 101465

Library Library Library Library Library Library Library Library Library Library

Administration Technical Services Building Maintenance Children Services Research Services Library Information Services Reader's Services Heritage Resource Center Lending Services Historical Museum

101471 101472 101473 101474

Theatre Theatre Theatre Theatre

Administration Box Office Technical Services Building Maintenance

101491

Special Appropriations-General

101511

Economic Development

101521

Planning & Development

Planning

101534 101535 101537

Community Development Community Development Community Development

Community Development and Housing Tax Foreclosure & Properties Local Code Enforcement

313

ACCOUNTING UNIT DIRECTORY Accounting Unit

Department

Division

General Fund (cont’d) 101562 Inspections Services 101563 Inspections Services

Building Inspections Development Services

101611 101612 101613 101614

Transportation Transportation Transportation Transportation

Administration Signs and Markings Traffic Signals Computerized Signal System

101711 101713 101721

Public Services Public Services Public Services

Administration Cemeteries Street Maintenance

101911 101921 101931 101991 101999

Transfers and Reimbursements Committed Fund Balance Assigned Fund Balances General Contingency General Fund

Transfers and Reimbursements Committed Fund Balance Assigned Fund Balances General Contingency General Fund Unclassified

Economic Development Fund 111512 Economic Development

Incentive Program

Insurance Reserve Fund 121213 Human Resources 121214 Human Resources

Health & Wellness Program Workers’ Compensation

General Risk Retention Fund 123501 Finance 123999 Finance

General Risk Retention General Risk Retention Unclassified

Debt Services Fund 201950 General Debt Service 201951 General Debt Service 201952 General Debt Service 201999 General Debt Service

Bond Anticipation Notes-General 1986 GO Public Improvement 2018 Limited Obligation Bonds General Debt Service Unclassified

Special Grant Fund 301240 Grant Projects 301310 Grant Projects 301350 Grant Projects 301999 Grant Projects

Information Technology Services Grants Police Grants Fire Grants Grants Pending

314

ACCOUNTING UNIT DIRECTORY Accounting Unit

Department

Division

Community Development Fund 302530 Community Development 302531 Community Development 302999 Community Development

Administration Home Comm Development Block Unclassified

Showroom & Occupancy Tax Fund 305101 Visit High Point 305125 HP IHF Market Authority 305999 HP IHF Market Authority

Visit High Point Market Authority Showroom & Occupancy Tax Unclassified

General Capital Projects Fund 401240 General Capital Projects 401260 General Capital Projects 401310 General Capital Projects 401350 General Capital Projects 401410 General Capital Projects 401470 General Capital Projects 401520 General Capital Projects 401610 General Capital Projects 401710 General Capital Projects 401999 General Capital Projects

Information Technology Maintenance Operations Police Fire Parks and Recreation Theatre Planning Transportation Public Services Unclassified

General Bond Projects Fund 411999 General Bond Projects

Unclassified

Enterprise Capital Projects Fund 421779 Water Resources Capital 431799 Electric Capital 441999 Transit Capital 451999 Parking 461749 Solid Waste Capital 471739 Stormwater Capital

Water Resources Capital Electric Capital Transit Capital Parking Capital Solid Waste Capital Stormwater Capital

Central Services Fund 501155 Central Services 501243 Central Services 501244 Central Services 501271 Central Services

Print Shop Radio Repair Shop Computer Replacement Fleet Services

Water Resources Fund 621491 Water Resources Operating 621751 Water Resources Operating 621752 Water Resources Operating

Special Appropriations-Water/Sewer Administration Eastside Plant

315

ACCOUNTING UNIT DIRECTORY Accounting Unit

Department

Division

Water Resources Fund (cont’d) 621753 Water Resources Operating 621754 Water Resources Operating 621756 Water Resources Operating 621757 Water Resources Operating 621758 Water Resources Operating 621759 Water Resources Operating 621911 Water Resources Operating 621991 Water Resources Contingency 621950 Water Resources Debt Service 621951 Water Resources Debt Service 621991 Water Resources Debt Service 621999 Water Resources Debt Service

Westside Plant Mains Laboratory Services Maintenance Services Frank L. Ward Plant W/S-Residuals Management Transfers and Reimbursements Contingency Water Resources Debt Service Admin 1986 G.O. Water Water Resources Contingency Water Resources Operations Unclassified

Electric Fund 631251 631252 631253 631255 631256 631257 631258 631259 631232 631491 631781 631782 631783 631784 631785 631786 631788 631795 631799 631911 631991 631999

Administration Meter Reading Revenue Collections Mailroom Telephone Center Water Meter Services Dispatch Field Services Engineering Special Appropriations-Electric Administration Power Supply Expense Warehouse Operations Structures and Stations Lines Maintenance Street Lighting Meter/Customer Installations Electric System Improvements Electric Capital Projects Transfers and Reimbursements Contingency Electric Operations Unclassified

Customer Service Operating Customer Service Operating Customer Service Operating Customer Service Operating Customer Service Operating Customer Service Operating Customer Service Operating Customer Service Operating Electric-Operating Electric Fund Electric-Operating Electric-Operating Electric-Operating Electric-Operating Electric-Operating Electric-Operating Electric-Operating Electric-Operating Electric Capital Projects Electric Fund Electric Contingency Electric Fund

Mass Transit Fund 641621 Mass Transit Operating 641622 Mass Transit Operating 641623 Mass Transit Operating

Mass Transit Grants Pending High Point Transit System Access

316

ACCOUNTING UNIT DIRECTORY Accounting Unit

Department

Division

Parking Fund 651631 651633 651634 651639 651999

Parking Facilities Parking Facilities Parking Facilities Parking Facilities Parking Facilities

#2-Broad Street #3-High Ave & #4-W. Commerce Facilities #1-Radisson Parking Capital Projects Parking Unclassified

Solid Waste Fund 661491 Solid Waste Fund 661740 Landfill Facilities 661741 Landfill Facilities 661742 Landfill Facilities 661743 Landfill Facilities 661749 Landfill Capital Projects 661911 Solid Waste Fund 661999 Solid Waste Fund

Special Appropriations Ingleside Landfill Operating Municipal Recycling Facility Environmental Services Landfill Capital Projects Transfers and Reimbursements Landfill Operations Unclassified

Stormwater Fund 671491 Stormwater Fund 671731 Stormwater 671732 Stormwater Capital 671951 Stormwater Debt Service 671911 Stormwater Fund 671999 Stormwater Fund

Special Appropriations Stormwater Maintenance Stormwater Capital Projects Stormwater Debt Service Transfers and Reimbursements Stormwater Operations Unclassified

Solid Waste Post-Closure Reserve Fund 861999 Post-Closure Reserve Fund

Unclassified

317

ACRONYM DIRECTORY

ACFR APPA ARPA BABS BAN

BET

CAP or CPO CD CDBG CHP or COHP

CIP CVB (NC)DENR (NC)DOT (US)DOL (US)DOT DWI

Annual Comprehensive Financial Report is a set of U.S. government financial statements comprising the financial report of a government entity that complies with the accounting requirements promulgated by the Governmental Accounting Standards board. American Public Power is a service organization for more than 2,000 communityowned electric utilities. American Rescue Plan Act. Build America Bonds are bonds that receive a 35% rebate on each interest payment. Bond Anticipation Notes are smaller short-term bonds that are issued by corporations and governments wishing to generate funds for upcoming projects. Benefits Education Team is an employee-led group that studies and offers suggestions to guide our employee group health and related insurance program through difficult and ever-changing and challenging times. The BET has concentrated on employee and retiree wellness program plan cost-containment, and cost-sharing strategies directed to limit future health insurance rate increases and shift costs to those actually using the benefits. Capital Project Ordinance is an ordinance that can be multi-year, covering the unique needs of capital project budgeting. Community Development is an office with the City of High Point. Community Development Block Grant funds are specific funding from the Department of Housing and Urban Development that allow for implementation of a wide range of projects and programs dealing with neighborhood improvements and city services. City of High Point. Capital Improvement Plan is a short-range plan which identifies capital projects and equipment purchases, provides a planning schedule, and identifies options for financing the plan. Convention and Visitors Bureau is a non-profit organization that recruits visitors, conventions etc. to the city. North Carolina Department of Environment and Natural Resources is the lead stewardship agency for the preservation and protection of North Carolina's natural resources. North Carolina Department of Transportation is the North Carolina agency which oversees transportation within the state. United States Department of Labor is charged with preparing the American workforce for new and better jobs and ensuring the adequacy of American's workplaces. United States Department of Transportation is a federal agency that oversees federal highway, air, railroad, and maritime functions. Driving While Impaired is a driving offense of driving drunk or drugged.

318

ACRONYM DIRECTORY

EMT

High Point Economic Development Corporation is a public-private organization which works to retain existing business and industry in High Point, to assist local companies in expanding and to attract new business to High Point. Equal Employment Opportunity Commission is the federal agency that provides oversight and coordination of all federal equal employment opportunity regulations, practices, and policies. Emergency Medical Technician – Training certification for public safety personnel.

ERP

Enterprise Resource Planning (reference to glossary for definition).

FEMA

The Federal Emergency Management Agency which assists in federal disasters.

(HP)EDC EEOC

Full-time classification of employment. Full-Time Equivalent refers to the number of employees directly involved in providing the service as approved in the annual operating budget. The number can include full- and part-time workers. For High Point, an FTE equates to 2,080 hours of work per year. Fiscal Year is the budget year from July 1st of one year to June 30th of the next year. The Governmental Accounting Standards Board is the source of generally accepted accounting principles used by state and local governments. General Educational Development tests are a group of five subject tests which certify that the test taker has high school level academic skills. Government Finance Officers Association is a professional association of approximately 17,500 state, provincial and local government finance officers in the United States and Canada. Geographic Information System is system designed to capture, store, analyze, manage, and present all types of geographic data. General Obligation are bonds which are sold by governments to support capital projects. Guilford Technical Community College is a two-year accredited community college. GTCC offers certificates, one-year and two-year career-related programs, a twoyear college transfer program, personal enrichment courses, a variety of adult literacy opportunities and training for business and industry. It opened in 1958 and was created as a training center designed to prepare people for jobs created by the rapid manufacturing growth of the early 1950s. Its purpose has remained basically unchanged: to give the people of Guilford County the training and education they need to compete in the job market. High Point.

HPFD

High Point Fire Department.

HPPD

High Point Police Department.

Headquarters – main administrative location for a corporation.

FTE FY GASB GED GFOA GIS GO

GTCC

319

ACRONYM DIRECTORY

HR IIMC

IT KWH LEED

LED LIGHTING LMS MGD MMC MOC MRF MSA MWh NGO NFPA NPDES

Human Resources is the department within the City that oversees employees. International Association of Municipal Clerks is a professional nonprofit association that promotes continuing education and certification through university and college-based institutes and providing networking solutions, services, and benefits to its members worldwide. Information Technology is the department that focuses on processing, storage, and dissemination of vocal, pictorial textual and numerical information through computing and telecommunications. Kilowatt hour is a unit of energy equal to 1,000-watt hours. Leadership in Energy and Environmental Design is a certification that provides independent, third-party verification that a building project is environmentally responsible, profitable and a healthy place to live. Green Building Rating System, developed by the U.S. Green Building Council (USGBC), provides a suite of standards for environmentally sustainable construction. Light emitting diode lighting is more efficient because LEDs produce more lumens per watt than other alternatives, and also because they can be turned to specific wavelengths. They can be used for traffic signals, light bulbs, lanterns, and streetlights to name a few. Learning Management System is the City's online training system for employees. Million gallons per day is a unit of flow measurement. Master Municipal Clerk is a professional designation granted by IIMC that is an advanced continuing education program that prepares participants to perform complex municipal duties. Maintenance Operation Center facilities for the City of High Point. Material Recovery Facility is the facility in the City where recyclable materials are taken to be sorted and sold. Metropolitan Statistical Area is a geographical region with a relatively high population density at its core and close economic ties throughout the area. Megawatt hours are a unit of energy equal to 1,000 kilowatt hours. Non-governmental organization is a legally constituted organization created by natural or legal persons that operates independently from any government. National Fire Protection Agency provides support, education, and publications to fire personnel throughout the United States. National Pollutant Discharge Elimination System is a permit program, authorized by the Clean Water Act, which controls water pollution by regulating point sources that discharge pollutants into U.S. waters.

320

ACRONYM DIRECTORY

OSHA PM PT PTRWA ROW RZEDBS S&P SCBA TIA TIP

TRC

WRC

The Office of Safety and Health Administration is the main federal agency charged with the enforcement of safety and health legislation. Preventive Maintenance is work done on fleet vehicles to prevent unexpected repairs. Part-time classification of employment. Piedmont Triad Regional Water Authority is an authority that was formed in 1986 by the cities of High Point, Archdale, Greensboro, and Randleman for the purpose of developing plans for the Randleman Lake water supply. Right of Way. Recovery Zone Economic Development Bonds are a special subset of these authorized bonds and issued only in the Water and Sewer Fund receive a 45% rebate on each interest payment. Standard and Poor’s – bond rating agency. Self-contained Breathing Apparatus – firefighters use to breathe when fighting fires. Traffic Import Analysis is the term to describe studies often required by governments to provide statistical information to determine the need for street and highway improvements to serve a public street network. Transportation Improvement Program – a multi-year schedule for all transportation projects. Technical Review Committee is a City of High Point committee administered by the Planning and Development Department for the purpose of providing City departments and private agencies and developers an organized review of development plans as well as to provide internal information to City departments in order to coordinate efforts and services required by any new development. The Watershed Review Committee is an internal oversight committee consisting of representatives from three City departments for the purpose of reviewing watershed plans submitted through the Technical Review Committee. The committee ensures plans are following the City Ordinance for stormwater runoff, retention/detention.

321

322