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CITY OF SAGINAW
FUND DESCRIPTION

CAPITAL PROJECTS FUND OVERVIEW

The City of Saginaw's Capital Projects Fund accounts for the acquisition and/or construction of capital facilities and
serves as a component of the City's long range plan. Maintaining and upgrading infrastructure in a scally conservative
manner that seeks to minimize debt funding by seeking alternative sources of nancing perfectly aligns with the City's long
term strategic goals.

In 2016 our City Engineers, Kimley-Horn and Associates, completed a Comprehensive Master Plan Update (Master Plan)
and Capital Improvements Plan (CIP). The Master Plan and CIP for the years 2016-2021 was approved the City Council on
July 19, 2016.

These plans provide a statement about our community's growth patterns, the general distribution and location of land use,
a detailed thoroughfare plan and other general guidelines for various plan elements. The Plan provides a written
consensus to guide future growth and development while allowing exibility to respond to new ideas and direction as
the City progresses, changes, and grows.

The updated 2022 Capital Improvement Plan was presented to City Council in 2022. The City prepared for the growth
projected in the 1990's by constructing infrastructure to meet the demand. As the City approaches build-out, the new plan
focuses on completing infrastructure to support development, rehabilitating aging infrastructure, and maintaining
existing infrastructure.

The basis for long range planning is population growth. Prior to the economic downturn, Saginaw was one of the fastest
growing cities in all of Tarrant County. The growth rate has resumed in recent years with a population increase of 27%
since the 2010 census. Based on available land and current densities, Saginaw is expected to reach its build out
population of 33,000 in 2030. The City has achieved approximately 75% of build out.

The plan presents ndings and recommendations for implementing a plan to meet the infrastructure needs over the next
ve years and beyond. The plan addresses the following key components:

• Streets and Thoroughfare Plan
• Community Facilities
• Water Distribution System
• Wastewater Collection System
• Drainage
• Community Facilities

The 2021 Bond Program was approved by Saginaw voters on May 1, 2021. The propositions include funding for Street and
Roadway improvements, a new Senior Citizens Center, and a new Library. Bonds were issued in August 2021 for the rst
phase of Knowles Drive and for design of the Senior Center and the Library. Bonds were issued in June 2022 for
construction of the Senior Center and Library facility.

The capital projects budget can impact the operating budget in several ways. Capital projects funded by the issuance of
debt will impact the debt service portion of the tax rate. The City schedules debt issuances to have as little impact on the
tax rate as possible. Debt payments are scheduled so that an increase as a result of new debt will be offset as older
debt is paid off. By stabilizing the debt portion of the tax rate, the operations and maintenance portion of the tax rate can
be maintained by not having to shift tax revenues from operations to debt service. Funding sources other than issuing debt
are used when possible to minimize the debt related impact on the operating budget.

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