Page 17 - Saginaw FY19 Annual Budget

City of Saginaw 333 West McLeroy
P.O. Box 79070
Saginaw, Texas 76179
817-232-4640
Fax 817-232-4644
www.ci.saginaw.tx.us

CITY MANAGER’S BUDGET MESSAGE

September 2018

Honorable Mayor Todd Flippo, City Councilmembers, and Citizens of Saginaw:

In compliance with the State Statutes and the Charter of the City of Saginaw, I submit to
you the annual operating budget for fiscal year 2018/2019. This budget presents the
sources of revenue and the plan of expenditures for all areas of the Saginaw City
Government for the year beginning October 1, 2018, and concluding September 30, 2019.

This budget is presented after many hours of study and review by the Department Heads,
Division Heads and Supervisors along with the Mayor and Council budget review
sessions. Staff was asked to budget for what is necessary to maintain the current level
of service and to make recommendations for what would be needed to meet the
anticipated level of services required, both short term and long term. These requests were
prioritized and presented to the City Council in a series of workshops throughout the
spring and summer.

The annual budget is developed within the context of the long-range planning. These
plans anticipate funding needs and available revenues and forecast methods for matching
future revenues and expenditures. Due to conservative planning on the part of the City
Council and Staff, the City has been able to absorb the impact of economic swings. The
City of Saginaw was fiscally conservative during the economic expansion. Fund balances
built up during the economic expansion have been available for one time expenditures.
One time expenditures are capital purchases and special requests that are not of a
recurring nature. General Fund balance at the end of FY 2018/2019 is projected to be
$8.7 million. The fund balance includes restricted resources, 25% of operating
expenditures, and reserved resources for the possible increased cost of the Bailey
Boswell Overpass project, leaving $2.7 million in unrestricted/unreserved resources.

In Texas and the Dallas/Fort Worth area we are seeing increased sales tax collections
from the previous year. The City of Saginaw sales tax collection have been flat but with
a recent upturn. We have considered this in estimating FY 2018/2019 sales tax revenues.

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