Page 51 - Saginaw FY22 Adopted Annual Budget

CITY OF SAGINAW
5-YEAR FUND SUMMARY

Explanation of Variances (cont.)

Note 5 - The $1,901,425 budgeted drawdown of General Fund balance is for one time capital purchases and the $1,303,320 payment
of "The Square" developer agreement. The planned $94,400 drawdown of the Debt Service Fund is due to the use of previous year
excess property collections required by state statue. The $7,321,610 drawdown in the Capital Projects Fund reflects the use of bond
proceeds for the Fire Station, Phase 1 of Knowles Drive improvements, and design of the Library and Senior Citizen's Center. The
$20,745 deficit in the CCPD Fund was for the replacement of patrol vehicles. The $557,045 surplus in the Drainage Fund is due to the
delay of the East Cement Creek Drainage project. The surplus will be appropriated once utility relocation is completed and the project
has been bid. The $202,590 surplus in the Street Maintenance Fund reflects the delay of several street projects due to staffing
shortages. Funding for these projects will be appropriated when a revised work schedule is available. The $66,420 surplus in the
Donations Fund reflects no budgeted use of Parks donations. The $94,365 surplus in the General Escrow Fund reflects a transfer from
General Fund for future equipment replacement, as well as, more collections for court secutiry and hotel/motel tax than budgeted
expenses. The use of $223,660 Enterprise Escrow Fund balance is for the Fort Worth water meter station upgrade construction. The
planned $517,935 use of Enterprise Fund balance is due to the budgeted developer's agreement payment for "The Square".

% Change From Last Year

General Fund - The decrease reflects small year to year variances.

Debt Service Fund - The increase in revenues and expenditures is due to debt service on the 2021 General Obligation Bond issue.

Capital Projects Fund - The decrease in revenues is due the bond sale in FY20/21. The decrease in expenditures reflects the near
completion of the Bailey Boswell Overpass project.
Crime Control and Prevention District Fund - The 10.66% decrease in revenue is due to the one time sales tax audit adjustment in
FY20/21. The 6.5% increase in expense is due to increased salary and benefits and the replacement of an additional patrol vehicle.

Drainage Utility Fund - The decrease is due to the delay of the East Cement Creek drainage project.
Street Maintenance - The 10.37% decrease in revenue is due to the one time sales tax audit adjustment in FY20/21. The 32.37%
decrease in expense is due to the delay of several street maintenance projects.
Donations Fund - The 34.07% decrease is due the completion of the Willow Creek Park improvements in FY20/21.

General Escrow Fund - The 78.4% revenue decrease is due to one time developer escrows and the establishment of the health
insurance rate stabalization fund in FY20/21. The 69.62% decrease in expenses is due one time expenses related to Public
Improvement Distrcts in FY20/21 and large insurance claims due to the 2021 winter storm.

Water/Wastewater Escrow Fund - The 49.18% decrease in revenue is due the establishment of the health insurance rate stabilization
fund in FY20/21. The 81.62% decrease in expenditures is due to the Saginaw Boulevard 16" water line project in FY20/21.

Enterprise Fund - The 16.16% decrease in budgeted revenues reflect transfer from the Water/Wastewater Escrow Fund for the
Saginaw Boulevard 16" water line project and the expenditures reflect the near completion of the project in FY20/21.

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