Page 35 - Saginaw FY22 Adopted Annual Budget

CITY OF SAGINAW
BUDGET HIGHLIGHTS
2021-2022

WATER/WASTEWATER ESCROW FUND

• The Water/Wastewater Escrow Fund was created in FY 2014-2015 to better track funds
that are received and to be used for a specific purpose. The types of revenues
budgeted in this fund include water impact fees.

• The equipment replacement for the Enterprise Fund will be accounted for in the
Enterprise Escrow Fund. The equipment replacement escrow began in FY 2018-2019.
The annual contribution will be based on the useful life of the purchased asset and the
estimated replacement cost. Funding for the replacement of equipment purchased
beginning in FY 2018-2019 will be in the equipment replacement escrow, as long as the
annual contribution is made. The contribution for Enterprise Fund equipment in FY
2021-2022 will be $26,340.

• $250,000 in water impact fees will be transferred to the Enterprise Fund for the
construction of the Fort Worth meter station upgrade.

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