Page 229 - Saginaw FY22 Adopted Annual Budget
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CITY OF SAGINAW
GENERAL GOVERNMENT ESCROW FUND
OVERVIEW OF REVENUES AND EXPENDITURES
2021-2022
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.
REVENUE:
Hotel/Motel Tax - 15%
This is the City's share of hotel/motel tax collected by the state. This portion of collections may be
used for the promotion of the arts.
Hotel/Motel Tax - 85%
The 85% balance of hotel/motel tax collections is reserved for promotional activities.
Court Technology Fees
For every citation issued, a $4 fee is assessed to be used for court technology.
Court Security Fees
For every citation issued, a $3 fee is assessed to be used for court security.
Gas Production Proceeds
Rents, royalties, and bonuses paid to the City as a result of natural gas drilling leases.
Insurance Deductible
Insurance claims revenue/reimbursements.
Transfer from Other Funds
Beginning in FY18/19 an annual contribution for an equipment replacement escrow based on
estimated replacement cost divided by the estimated useful life of the equipment.
EXPENDITURES:
Hotel Motel Tax Expenses
FY 20/21 includes promotion of arts at the "Train and Grain" festival, advertising, and Farmer's
Market Management.
Court Security Expenses
Budgeted expenses are to reimburse the General Fund for bailiff services.
Insurance Deductible
These expenses are repairs to damaged property and other expenses covered by insurance.
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