Page 47 - Saginaw FY22 Adopted Annual Budget
P. 47

CITY OF SAGINAW
                                      CONSOLIDATED BUDGET SUMMARY BY FUND
                                     SCHEDULE OF SOURCES AND USES OF FUNDS
                                           AND CHANGES IN FUND BALANCE


                                       Total           Total            Total
                                     All Funds        All Funds        All Funds
                                     2021-2022        2020-2021       2019-2020
                                      (Adopted)        (Revised)        (Actual)
     Revenues
        Property Taxes           $             11,448,785                 10,443,480                   9,661,176
        Sales Taxes                               7,661,390                   8,545,150                   7,262,055
        Other Taxes                                  129,315                      105,485                        97,222
        Franchise Fees                            1,565,000                   1,594,400                   1,612,022
        Licenses,Permits,Fines/Fees                   1,505,550                   1,802,245                   1,671,504
        Grant Assistance                               50,000                        50,000                      478,230
        Interest Income                                  5,995                        68,010                      350,604
        Other Income                              2,512,070                   3,524,485                   2,929,975
        Charges for Services                    10,622,655                 11,505,030                 11,745,693

        Total Revenues           $             35,500,760  $             37,638,285  $             35,808,480
     Other Financing Sources
        Transfers from other funds  $               2,451,190                   6,319,905                   2,135,076
        Bond Proceeds                                            -                   9,190,930                 23,774,982
        Use of Bond Funds                                        -                                  -                                  -
        Use of Escrow Funds                          223,660                   1,711,160                                  -
        Use of Beginning Fund Balance                   9,852,825                   3,422,895                                  -

        Total Other Financing Sources  $             12,527,675  $             20,644,890  $             25,910,059
     Total Available Resources   $             48,028,435  $             58,283,175  $             61,718,539

     Operating Expenditures
            General Gov't/Econ. Dev.  $               2,821,260                   2,747,155  $               2,418,010
            Municipal Court                          207,040                      203,070                      187,923
            Fire                                  4,065,455                   3,757,885                   3,716,756
            Police                                5,656,995                   5,091,370                   5,062,242
            Community Services                    1,749,855                   1,140,855                   1,174,104
            Library                                  748,280                      679,955                      603,596
            Public Works                        12,164,110                 11,407,365                 12,155,127

        Total Operating Expenditures  $             27,412,995  $             25,027,655  $             25,317,759
     Other Financing Uses
        Capital Outlay
            General Gov't/Econ. Dev.  $                  228,005  $                  678,015  $                    76,451
            Municipal Court                            11,100                                  -                        11,108
            Fire                                       68,000                   2,448,000                      255,949
            Police                                   297,080                      213,860                      162,020
            Community Services                       780,000                      104,675                      145,355
            Library                               1,500,000                                  -                                  -
            Public Works                          9,364,200                 15,440,660                 10,815,243
        Total Capital Outlay                    12,248,385                 18,885,210                 11,466,124
        Debt Service                              4,998,735                   4,385,455                   7,082,548
        Transfer to Other Funds                   2,451,190                   6,305,165                   2,091,811
        Total Other Financing Uses  $             19,698,310  $             29,575,830  $             20,640,484

     Total Uses of Resources     $             47,111,305  $             54,603,485  $             45,958,243
     Change in Fund Balance      $              (9,159,355)  $              (1,454,365)  $             15,760,296
     Beginning Fund Balance      $             51,325,484  $             52,779,849  $             37,019,553

     Ending Fund Balance         $             42,166,129  $             51,325,484  $             52,779,849

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