Page 44 - Saginaw FY21 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
2020-2021 2019-2020 2018-2019
(Adopted) (Revised) (Actual)
Revenues
Property Taxes $ 10,147,855 $ 9,661,130 $ 8,886,152
Sales Taxes 7,103,050 7,279,495 6,809,346
Other Taxes 117,260 107,495 152,923
Franchise Fees 1,571,200 1,651,990 1,764,936
Licenses, Permits, Fines, and Fees 1,397,895 1,587,000 2,216,938
Grant Assistance 54,880 1,284,020 56,619
Interest Income 88,725 360,870 865,913
Other Income 4,944,620 877,720 1,016,704
Charges for Services 9,903,350 11,032,610 11,279,419
Total Revenues $ 35,328,835 $ 33,842,330 $ 33,048,951

Other Financing Sources
Transfers from other funds $ 6,385,340 $ 2,201,215 $ 2,023,918
Bond Proceeds - 23,774,985 2,000,000
Use of Bond Funds 21,408,635 - -
Use of Escrow Funds 1,711,160 - -
Use of Beginning Fund Balance 4,546,335 1,117,785 47,410
Total Other Financing Sources $ 34,051,470 $ 27,093,985 $ 4,071,328

Total Available Resources $ 69,380,305 $ 60,936,315 $ 37,120,279
Operating Expenditures
General Gov't/Economic Dev. $ 2,613,550 $ 2,462,350 $ 2,397,611
Municipal Court 209,375 199,825 195,865
Fire 3,878,190 3,851,350 3,393,137
Police 5,408,680 5,177,490 4,786,442
Community Services 1,524,415 1,212,835 1,316,622
Library 670,540 640,300 619,055
Public Works 11,168,455 11,920,945 11,133,471

Total Operating Expenditures $ 25,473,205 $ 25,465,095 $ 23,842,203
Other Financing Uses
Capital Outlay
General Gov't/Economic Dev. $ 150,000 $ 70,195 $ 116,842
Municipal Court - 12,000 16,879
Fire - 331,000 450,088
Police 213,860 188,500 777,122
Community Services 25,000 155,225 121,503
Library - - 13,678
Public Works 32,579,415 12,062,110 3,383,304
Total Capital Outlay 32,968,275 12,819,030 4,879,416
Debt Service 4,376,745 7,195,185 3,678,846
Transfer to Other Funds 6,385,340 2,201,215 2,023,918
Total Other Financing Uses $ 43,730,360 $ 22,215,430 $ 10,582,179
Total Uses of Resources $ 69,203,565 $ 47,680,525 $ 34,424,383

Change in Fund Balance $ (27,489,390) $ 12,138,005 $ 2,648,486
Beginning Fund Balance $ 49,142,142 $ 37,004,137 $ 34,355,651

Ending Fund Balance $ 21,652,752 $ 49,142,142 $ 37,004,137

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