Page 42 - Saginaw FY20 Annual Budget

BUDGETED USE OF FUND BALANCE FOR FISCAL YEAR 2019-2020

Fund Amount Explanation of Fund Balance Use
For one time capital outlay and expenses
General Fund $ 729,080 related to a possible bond election.
Debt Service Fund $2,515 For paying agent fees.
For one time capital outlay, implementation of
cellular meter reading technology, relocation
of utility lines due to the BNSF train track
expansion project, phase 1 construction of the
Fairmont 12” sewer rehabilitation, and
relocation of utilities for the FM156 road
Enterprise Fund $2,219,130 construction project.
The use of previously issued bonds for the
overpass of the East Bailey Boswell Road
Capital Projects Fund $ 4,600,390 project.
CCPD Fund $82,795 For the replacement of police patrol vehicles.
For the construction of phase 2 of the East
Drainage Utility Fund $992,660 Cement Creek Drainage Improvements.
Street Maintenance Fund $347,515 For Burlington Road reconstruction.
For construction of Phase 2 of the Saginaw
Water/Wastewater Escrow Fund $1,045,805 Boulevard 16” water line project.

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