Page 278 - Saginaw FY22 Adopted Annual Budget
P. 278
CITY OF SAGINAW
ENTERPRISE FUND
FIVE YEAR FORECAST
ADOPTED
BUDGET ESTIMATED ESTIMATED ESTIMATED ESTIMATED
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
BEGINNING FUND BALANCE $ 6,838,519 $ 6,320,584 $ 6,212,395 $ 5,719,631 $ 5,339,254
REVENUES
TSF FROM OTHER FUNDS $ 349,045 $ 102,016 $ 105,077 $ 108,229 $ 111,476
WATER SALES 5,355,625 5,516,294 5,681,783 5,852,236 6,027,803
WASTEWATER SERVICE 2,802,030 2,886,091 2,972,674 3,061,854 3,153,709
W/WW TAP FEES 50,000 45,000 40,000 35,000 30,000
WASTEWATER SURCHARGE 1,500,000 1,250,000 1,250,000 1,250,000 1,250,000
PENALTIES 105,000 105,000 105,000 105,000 105,000
OTHER INCOME 60,000 60,000 60,000 60,000 60,000
INT ON INVESTMENTS 940 1,000 1,000 1,000 1,000
TOTAL REVENUES $ 10,222,640 $ 9,965,401 $ 10,215,533 $ 10,473,319 $ 10,738,989
EXPENDITURES
SALARIES AND BENEFITS $ 1,675,705 $ 1,725,976 $ 1,777,755 $ 1,831,088 $ 1,886,021
OPERATING SUPPLIES & SERVICES 216,495 218,660 220,847 223,055 225,286
W/WW & METERS MAINT & SUPPLIES 240,800 252,840 265,482 278,756 292,694
CONTRACT SERVICES-BILLING 45,440 45,894 46,353 46,817 47,285
COLLECTION AGENCY FEES 2,400 2,424 2,448 2,473 2,497
DEBT SERVICE EXPENSE 245,010 170,645 172,675 174,605 171,435
ENGINEERING FEES 63,025 64,916 66,863 68,869 70,935
POWER TO PUMPS 100,000 101,000 102,010 103,030 104,060
WATER-FORT WORTH 3,115,480 3,208,944 3,305,213 3,404,369 3,506,500
WASTEWATER SERVICE-FORT WORTH 3,116,520 3,210,016 3,306,316 3,405,506 3,507,671
W/WW TESTING 30,000 30,300 30,603 30,909 31,218
CAPITAL OUTLAY/CAPITAL PROJECTS 1,063,780 171,000 440,000 261,000 40,000
TOTAL OPERATING EXPENDITURES $ 9,914,655 $ 9,202,615 $ 9,736,566 $ 9,830,477 $ 9,885,602
TSF TO CAPITAL/ESCROW FUND 26,340 31,415 90,195 97,605 103,370
TSF TO GENERAL FUND 799,580 839,559 881,537 925,614 971,894
TOTAL TRANSFERS $ 825,920 $ 870,974 $ 971,732 $ 1,023,219 $ 1,075,264
TOTAL EXPENDITURES $ 10,740,575 $ 10,073,589 $ 10,708,298 $ 10,853,696 $ 10,960,867
ENDING FUND BALANCE $ 6,320,584 $ 6,212,395 $ 5,719,631 $ 5,339,254 $ 5,117,376
RESTRICTED FUND BALANCE 3,931,227 2,477,168 2,565,335 2,645,567 2,722,798
UNRESTRICTED FUND BALANCE 2,389,357 3,735,227 3,154,296 2,693,687 2,394,578
Increase/(Decrease) in Fund Balance (517,935) (108,188) (492,765) (380,377) (221,878)
Estimates for the Enterprise Fund assume a 3% annual increase in the cost of water and wastewater treatment and a corresponding increase in
rates. Tap fees will gradually decrease as new building declines. The cost of salaries and benefits are estimated to increase 3% annually. Other
operating costs will average a 1% increase except water/wastewater maintenance and supplies which will increase 5% annually. Equipment
replacement will continue as scheduled with inflow and infiltration studies to be conducted in FY22/23 and FY24/25
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