Page 48 - Saginaw FY21 Annual Budget

Note 5 - The $2,882,850 budgeted deficit in the General Fund is for one time capital purchases and partial funding for the Bailey
Boswell Overpass project. The planned Debt Service Fund drawdown of $209,465 is to mitigate the impact of the 2020 issuance of
certificates of obligation on the tax rate. The $21,408,635 deficit in the Capital Projects Fund reflects the use of previously issued
bonds for the Bailey Boswell Overpass project, design and construction of the Central Fire Station, design of Old Decatur Road north,
Knowles Drive, intersection improvements and a traffic signal at Knowles and Bailey Boswell. The $54,715 deficit in the CCPD Fund is
for the replacement of patrol vehicles. The $924,445 deficit in the Drainage Utility Fund is for construciton of the East Cement Creek
Drainage project. The planned drawdown in the Street Maintenance Fund is for the reconstruction of Burlington Road. There is an
expected $96,215 surplus in the Donations Fund with donations exceeding planned expenditures for both Parks and Library. The
respective boards will make recommendations on future use of these donations. The budgeted surplus in the General Escrow Fund is
due hotel/motel tax collections as well as the transfer from the General Fund for future equipment replacement. There is an expected
drawdown in the Enterprise Escrow Fund for funding of the Saginaw Boulevard 16" water line phase 2 and the northwest booster pump
from previous year's impact fee collections. The planned drawdown of the Enterprise Fund is for one time capital equipment and a
resiliency study and emergency reponse plan.
CITY OF SAGINAW
5-YEAR FUND SUMMARY
2020 - 2021

% Change From Last Year

General Fund - The decrease in reveues reflects the CARES Act funding received in FY19/20. The 13.53% increase in expenditures
refelcts full year funding of positions added in FY19/20 and a salary increase budgeted in FY20/21.

Debt Service Fund - The decrease in reveues and expenditures is due to a refunding in FY19/20 that is not planned in FY20/21.

Capital Projects Fund - The decrease in revenues is due to no bond sale expected in FY20/21. The 357% increase in expenditures reflect
the use of previously issued bond proceeds for the Bailey Boswell Overpass project, the Fire Station, and design for: Knowles Drive, North
Old Decatur Road, intersection improvements at Old Decatur and WJ Boaz, and a signal at Knowles and Bailey Boswell.
Drainage Utility Fund - The 72.32% increase is due the construction of phase 2 of the East Cement Creek drainage project.
Street Maintenance - The 44.49% decrease in expenditures is due to the completion of projects in FY19/20.

Donations Fund - The 11.04% decrease is due the completion of the Food Truck Park/Farmer's Market in FY19/20.

General Escrow Fund - The 31.17% revenue decrease is due to anticipated lower Hotel/Motel tax collections and no budgeted economic
development incentive transfer in FY20/21. The 60.09% decrease in expenses is due to the management contract for the Farmer's Market
in FY19/20, an average year budgeted for insurance deductibles, and no developer's agreement in FY20/21.

Water/Wastewater Escrow Fund - The 88.41 decrease in revenue is due to water impact fees no longer being collected in FY20/21. The
increase in expenditures reflects funding of the Saginaw Boulevard 16" water line project and the NW Booster Pump.

Enterprise Fund - The 12.45% decrease in budgeted expenses is due to fewer capital projects budgeted in FY20/21.

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