Page 281 - Saginaw FY22 Adopted Annual Budget

CITY OF SAGINAW
STREET MAINTENANCE FUND
FIVE YEAR FORECAST

ADOPTED
BUDGET ESTIMATED ESTIMATED ESTIMATED ESTIMATED
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026

BEGINNING FUND BALANCE $ 1,718,852 $ 1,921,442 $ 1,549,220 $ 1,617,320 $ 1,691,377
REVENUES

STATE SALES TAX $ 482,410 $ 492,058 $ 501,899 $ 511,937 $ 522,176
INT ON INVESTMENTS 180 200 200 200 200

TOTAL REVENUES $ 482,590 $ 492,258 $ 502,099 $ 512,137 $ 522,376
EXPENDITURES

INDUSTRIAL STREETS $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000
SOUTH STREETS 150,000 50,000 50,000 50,000 50,000

NORTH STREETS - 50,000 50,000 50,000 50,000
CONTRACT MAINT. & REPAIRS 30,000 30,000 30,000 30,000 30,000

SIDEWALK REPLACEMENT 20,000 20,000 20,000 20,000 20,000

STREET MAINT. & SUPPLIES 30,000 30,000 30,000 30,000 30,000

CAPITAL OUTLAY - 634,480 204,000 208,080 212,242

TOTAL EXPENDITURES $ 280,000 $ 864,480 $ 434,000 $ 438,080 $ 442,242
ENDING FUND BALANCE $ 1,921,442 $ 1,549,220 $ 1,617,320 $ 1,691,377 $ 1,771,511

Incrase/(Decrease) in Fund Balance $ 202,590 $ (372,222) $ 68,099 $ 74,057 $ 80,134
Estimates for the Street Maintenance Fund include the assumption that voters will renew the additional sales tax for a fifth time in May
2023. We expect continued growth in sales tax with mixed used developments underway. Projects will be identified yearly with the
annual street survey. The Burlington Road project is estimated to be completed in FY22/23. Other projects will be added as they are
identified and as funding is available.

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