Page 33 - Saginaw FY20 Annual Budget

CITY OF SAGINAW

BUDGET HIGHLIGHTS
2019-2020

 Funding of $164,000 for the design of phase 3 and $1,240,000 for construction of phase
2 of the East Cement Creek drainage project is included.

 The fund balance at year end is estimated to be $1.2 million which will be used for the
construction of phase 3 of the East Cement Creek project in FY 2020-2021.

STREET MAINTENANCE FUND:

 On May 12, 2007 the voters approved the ballot proposition imposing a one-eighth (1/8)
of one percent sales and use tax for the maintenance and repair of existing municipal
streets. This tax was effective in April 2008, and revenues were received beginning in
June 2008. The street maintenance tax was approved by voters in 2019 for an
additonal 4 years.

 We anticipate revenues of $436,965 for the 2019-2020 fiscal year.

 These revenues will be be used for general street repairs, the reconstruction of Hialeah
Park from South Hampshire to Saginaw Blvd, South Hampshire from Longhorn Road to
Hialeah Park, Arcadia Street from Longhorn to Westcliff Avenue, Normandy Court, and
Georgian Road.

 Funding of $30,000 is included for a contractor to crack seal city roadways.

 Funding of $20,000 is included for sidewalk replacment.

 The budget is balanced using $347,515 of fund reserves.

DONATIONS FUND:

 The Donations Fund is used to track funds received through water bill donations and
direct donations to the City for specific purposes. Currently, Animal Services, Parks,
Library, Senior Center, Fire, Police, Train and Grain Festival, and Beautification have
donation funds available for expenditure.

 The voluntary $1 donations that appear on utility bills are for Parks, Library, and
Beautification.

 Recurring expenses in this fund include the annual Fire Camp and Easter egg hunt from
Fire donations, highway mowing, street light pole painting, and holiday lighting from
Beautification donations, partial funding of the vaccination program from Animal Shelter
donations, Senior Center supplies from Senior Center donations, and books, data
processing expense, supplies, and special programming from Library donations. It is
anticipated that the Train and Grain Festival will be an annual event and will be funded
through donations.

 Library donations will continue to fund two seasonal part time library pages who will be
hired for 13 weeks of the year and work 29 hours per week. These positions will enable
the library to meet the higher demands of the summer season.
33