Page 46 - Saginaw FY19 Annual Budget

CITY OF SAGINAW
CONSOLIDATED BUDGET SUMMARY BY FUND
SCHEDULE OF SOURCES AND USES OF FUNDS
AND CHANGES IN FUND BALANCE

Total Total Total
All Funds All Funds All Funds
2018-2019 2017-2018 2016-2017
(Adopted) (Revised) (Actual)
Revenues
Property Taxes $ 8,697,430 $ 7,955,705 $ 7,541,178
Sales Taxes 6,150,300 6,090,000 6,198,989
Other Taxes 113,000 127,000 107,151
Franchise Fees 1,633,000 1,620,000 1,693,095
Licenses, Permits, Fines, and Fees 1,986,850 2,180,520 2,449,049
Grant Assistance 62,775 54,437 132,632
Interest Income 439,825 455,190 278,136
Other Income 3,648,120 1,454,225 681,067
Charges for Services 9,924,400 10,420,000 9,999,942
Total Revenues $ 32,655,700 $ 30,357,077 $ 29,081,239

Other Financing Sources
Transfers from other funds $ 2,066,750 $ 2,761,250 $ 1,927,657
Bond Proceeds - - 8,138,555
Use of Bond Funds 405,000 6,211,970 -
Use of Escrow Funds - 704,000 -
Use of Beginning Fund Balance 3,227,385 3,148,695 223,169
Total Other Financing Sources $ 5,699,135 $ 12,825,915 $ 10,289,381

Total Available Resources $ 38,354,835 $ 43,182,992 $ 39,370,620
Operating Expenditures
General Gov't/Economic Dev. $ 2,299,265 $ 2,428,125 $ 1,748,458
Municipal Court 211,805 218,705 197,063
Fire 3,425,785 3,247,830 3,191,130
Police 5,019,730 4,564,605 4,213,876
Community Services 1,362,215 965,325 896,843
Library 667,690 640,220 598,751
Public Works 11,579,370 11,987,150 10,556,338

Total Operating Expenditures $ 24,565,860 $ 24,051,960 $ 21,402,459
Other Financing Uses
Capital Outlay
General Gov't/Economic Dev. $ 22,200 $ 40,000 $ -
Municipal Court 14,000 31,030 11,065
Fire 404,300 738,000 100,616
Police 256,490 799,622 265,907
Community Services 72,825 46,870 95,354
Library 15,000 - -
Public Works 6,928,080 10,429,540 7,677,259
Total Capital Outlay 7,712,895 12,085,062 8,150,200
Debt Service 3,674,865 3,865,330 3,912,812
Transfer to Other Funds 2,066,750 2,761,250 1,927,657
Total Other Financing Uses $ 13,454,510 $ 18,711,642 $ 13,990,669
Total Uses of Resources $ 38,020,370 $ 42,763,602 $ 35,393,127

Change in Fund Balance $ (3,297,920) $ (9,645,275) $ 3,754,323
Beginning Fund Balance $ 29,186,412 $ 38,831,687 $ 35,077,364

Ending Fund Balance $ 25,888,492 $ 29,186,412 $ 38,831,687

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