Page 43 - Saginaw FY22 Adopted Annual Budget

BUDGETED USE OF FUND BALANCE FOR FISCAL YEAR 2021-2022

Fund Amount Explanation of Fund Balance Use
For one time items including the developer
General Fund $ 1,901,425 agreement payment for “The Square”.
To mitigate impact of debt issue on the tax
Debt Service Fund $94,400 rate.
For one time capital outlay, improvements to
the Longhorn Pump Station and the developer
Enterprise Fund $517,935 agreement payment for “The Square”.
The use of previously issued bonds for the
Library, Senior Citizens Center, and the first
Capital Projects Fund $ 7,321,610 phase of Knowles reconstruction.
CCPD Fund $17,455 For the replacement of police patrol vehicles.
Police Expendable Trust Fund $3,290 For supplies related to public safety
Water/Wastewater Escrow Fund $223,660 For the Fort Worth meter station upgrade.

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