Page 40 - Saginaw FY21 Annual Budget

BUDGETED USE OF FUND BALANCE FOR FISCAL YEAR 2020-2021

Fund Amount Explanation of Fund Balance Use
For one time items including the Bailey
General Fund $ 2,882,850 Boswell Overpass capital project.
To mitigate impact of debt issue on the tax
Debt Service Fund $209,465 rate.
For one time capital outlay, phase 2
implementation of cellular meter reading
technology, and resiliency study and
Enterprise Fund $211,305 emergency response plan.
The use of previously issued bonds for the
overpass of the East Bailey Boswell Road
project, design and construction of Central
Fire Station, design of Old Decatur Road
north, Knowles Drive, intersection
improvements WJ Boaz, and signal at
Capital Projects Fund $ 21,408,635 Knowles and Bailey Boswell.
CCPD Fund $54,715 For the replacement of police patrol vehicles.
For the construction of phase 2 of the East
Drainage Utility Fund $924,445 Cement Creek Drainage Improvements.
Street Maintenance Fund $263,555 For Burlington Road reconstruction.
For construction of Phase 2 of the Saginaw
Water/Wastewater Escrow Fund $1,711,160 Boulevard 16” water line project.

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