Page 46 - Saginaw FY20 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
2019-2020 2018-2019 2017-2018
(Adopted) (Revised) (Actual)
Revenues
Property Taxes $ 9,758,145 $ 8,879,430 $ 8,059,747
Sales Taxes 6,707,565 6,597,300 6,356,478
Other Taxes 166,865 126,000 210,630
Franchise Fees 1,625,840 1,670,000 1,660,835
Licenses, Permits, Fines, and Fees 1,731,640 2,078,850 2,393,773
Grant Assistance 83,720 57,775 54,440
Interest Income 451,990 858,825 621,204
Other Income 4,851,230 912,615 1,459,769
Charges for Services 10,008,000 10,391,400 11,397,632
Total Revenues $ 35,384,995 $ 31,572,195 $ 32,214,507

Other Financing Sources
Transfers from other funds $ 3,299,385 $ 2,088,750 $ 2,403,683
Bond Proceeds - 2,000,000 -
Use of Bond Funds 4,600,390 628,300 5,389,206
Use of Escrow Funds 1,045,805 - 232,839
Use of Beginning Fund Balance 4,373,695 1,834,020 87,134
Total Other Financing Sources $ 13,319,275 $ 6,551,070 $ 8,112,863

Total Available Resources $ 48,704,270 $ 38,123,265 $ 40,327,370
Operating Expenditures
General Gov't/Economic Dev. $ 2,569,360 $ 2,542,000 $ 2,385,282
Municipal Court 218,825 211,805 190,430
Fire 3,747,950 3,435,210 3,286,535
Police 5,396,990 5,019,730 4,474,005
Community Services 1,474,195 1,365,415 1,282,319
Library 680,570 667,690 594,998
Public Works 10,732,265 11,850,335 11,637,888

Total Operating Expenditures $ 24,820,155 $ 25,092,185 $ 23,851,456
Other Financing Uses
Capital Outlay
General Gov't/Economic Dev. $ 80,195 $ 38,900 $ 19,070
Municipal Court 8,000 30,405 -
Fire 331,000 409,300 708,247
Police 188,500 815,560 266,113
Community Services 145,225 82,375 77,937
Library - 15,000 -
Public Works 15,472,585 5,598,835 7,522,301
Total Capital Outlay 16,225,505 6,990,375 8,593,668
Debt Service 4,131,685 3,674,865 3,864,251
Transfer to Other Funds 3,299,385 2,066,750 2,403,683
Total Other Financing Uses $ 23,656,575 $ 12,731,990 $ 14,861,603
Total Uses of Resources $ 48,476,730 $ 37,824,175 $ 38,713,058

Change in Fund Balance $ (9,792,350) $ (2,163,230) $ (4,094,868)
Beginning Fund Balance $ 32,560,200 $ 34,723,430 $ 38,818,298

Ending Fund Balance $ 22,767,850 $ 32,560,200 $ 34,723,430

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