Page 23 - Saginaw FY21 Annual Budget

The Drainage Utility Fund was established by the City Council on January 1, 2005 as
an additional revenue source to offset the growing costs of operating the storm drainage
system. These costs include maintenance of the existing system, federal mandates to
control storm water runoff, floodplain management and planning and construction of new
drainage facilities. The drainage utility fee is $5 per month for residential properties. This
fund will continue to pay for the two drainage utility maintenance workers, and one half
the costs of the Environmental Specialist and Environmental Assistant positions. The
design of Phase 3 and construction of Phase 2 for the East Cement Creek Drainage
project is budgeted. We are projecting revenues of $822,000 and expenditures of
$1,746,445 with a reduction of $924,445 to fund balance.

The Street Maintenance Fund was approved on May 12, 2007 by the voters which
imposes a one-eighth of one percent sales and use tax for the maintenance and repair of
existing municipal streets. This Street Maintenance Tax was valid for a four year period
and was continued with voter approval in November of 2011. The tax went into effect in
April 2008 and revenues were received starting in June 2008. The renewal of this tax
was approved again by voters in 2019. We anticipate revenues of $450,925 and
expenditures of $714,480. The fund is balanced with $263,555 from the fund balance.
Funding is included for 30,000 feet of crack sealing, sidewalk replacement, and
reconstruction of Burlington Road. Street repairs will be made on East Industrial between
Blue Mound Road and Watson Boulevard, reconstruction of Opal Street from McLeroy to
Ruidoso, and White Rock Drive from Longhorn to West Cliff Avenue.

The Donations Fund was created in May 2009 to better track funds received through
water bill donations as well as direct donations to the City for specific purposes. Currently,
Animal Services, Parks, Library, Beautification, Police, Fire, Senior Center, and the Train
and Grain Festival have donation funds available for expenditure. Voluntary donations of
$1 are collected through the monthly utility bill for Beautification, Library and Parks. We
anticipate revenues of $302,035 and expenditures of $205,820 with an operating surplus
of $96,215 that will be used for future authorized expenditures. Ongoing expenses include
books, data processing, and supplies for the Library; highway mowing, seasonal planting
and holiday decorations from beautification donations; and supplies for the annual Fire
Camp, and Easter Egg Hunt. Two summer library pages will continue to be funded with
library donations. Beautification donations will continue the public art program.

The General Government 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 General Government Escrow Fund until an appropriate expense is
approved by the City Council. Approved expenses include: advertising and
entertainment for the “Train and Grain” festival, police overtime expense for bailiff duty,
and insurance deductibles and repairs.

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