Page 217 - Saginaw FY21 Annual Budget

CITY OF SAGINAW
WATER/WASTEWATER ESCROW FUND

OVERVIEW OF REVENUES AND EXPENDITURES
2020-2021

The Water/Wastewater 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
Water/Wastewater Escrow Fund until an appropriate expense is approved by the City Council.

REVENUE

Water Impact Fees
Fees collected from a developer to recover costs of water capital improvements related to the new
development.

Wastewater Impact Fees
Fees collected from a developer to recover costs of wastewater capital improvements related to the
new development.

EXPENDITURES:

Transfer to Enterprise Fund for Water and Wastewater Capital Projects
These are City Council approved capital projects that are appropriately funded by impact fees
collected from developers. In FY 20/21 impact fees will fund construction of the Saginaw Boulevard
Water Line Phase 2 project.

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