Page 32 - Saginaw FY22 Adopted Annual Budget

CITY OF SAGINAW
BUDGET HIGHLIGHTS
2021-2022

• As construction begins on “The Square” development, it is anticipated that $696,680
developer’s agreement payment will be made in this fiscal year.

• The Enterprise Fund has been balanced with $517,935 of reserves for one time and
capital items.

CAPITAL PROJECTS FUND:

• It is estimated that construction will be completed on the overpass spanning the railroad
tracks and Saginaw Boulevard. A Tarrant County reimbursement ($1,677,250) for the
project will be received in the next fiscal year.

• Construction will begin on the first phase of Knowles ($6,800,000). Design will be
completed for the Library ($1,500,000) and the Senior Citizen’s Center ($700,000).

• The construction budgeted for the Fire Station in Fiscal Year 2020-2021 will continue
into 2021-2022.

• Fund balance of $7,321,610 will be used from previously issued bonds for these capital
projects.

CCPD FUND:

• The voters approved an additional one-half cent sales tax for use by the Crime Control
and Prevention District (CCPD) in November 1997. The additional sales tax went into
effect on April 1, 1998, and revenues were received beginning in June 1998. The district
was continued for five years in 2002. In 2007 and 2017, the tax was continued for ten
years and reduced to three eighths (3/8) of one percent with the remaining eighth used
for street maintenance.

• Sales tax revenues are estimated to increase 10% over the current budget for a total of
$1,390,080.

• The Crime Control and Prevention District will continue to provide for the salaries and
benefits of ten patrol officers, a public services officer, a dispatcher and one-half the
costs for a school resource officer.

• Four patrol vehicles, associated equipment, and bullet resistant vests ($247,080) will be
replaced. The fund is balanced with $17,455 of reserves.

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