Page 220 - Saginaw FY19 Annual Budget

CITY OF SAGINAW

GENERAL GOVERNMENT ESCROW FUND
OVERVIEW OF REVENUES AND EXPENDITURES

2018-2019

The General Government Escrow Fund was created in FY 2014-2015 to better track funds that are
received and are to be used for a specific purpose. These receipts will remain in the General
Government Escrow Fund until an appropriate expense is approved by the City Council.

REVENUE:
Hotel/Motel Tax - City
This is the City's share of hotel/motel tax collected by the state. The City retains 15% of these
collections.

Hotel/Motel Tax - City
The 85% balance of hotel/motel tax collections is reserved for Chamber of Commerce activities.

Court Technology Fees
For every citation issued, a $4 fee is assessed to be used for court technology.

Court Security Fees
For every citation issued, a $3 fee is assessed to be used for court security.

Gas Production Proceeds
Rents, royalties, and bonuses paid to the City as a result of natural gas drilling leases.

Insurance Deductible
Insurance claims revenue/reimbursements.

Transfer from Other Funds
Beginning in FY18/19 an annual contribution for an equipment replacement escrow based on
estimated replacement cost divided by the estimated useful life of the equipment.

EXPENDITURES:
Chamber of Commerce Agreement
The City's annual support of the Chamber of Commerce, paid quarterly. FY 18/19 includes a
$10,000 contribution for the "Train and Grain" festival.

Court Technology Expenses
These are charges for computer supplies for court, replacement computer equipment, and ticket
writer replacements and supplies.

Court Security Expenses
Budgeted expenses are to reimburse the General Fund for bailiff services.

Insurance Deductible
These expenses are repairs to damaged property and other expenses covered by insurance.
216