Page 229 - GFOA Draft 2

CITY OF SAGINAW
POLICE EXPENDABLE TRUST FUND
OVERVIEW OF REVENUES AND EXPENDITURES
2022-2023

The Police Expendable Fund was created in FY 2021-2022 to better track funds that are received and are to be used for a
specific purpose. These receipts will remain in the Police Expendable Fund until an appropriate expense is approved by the
City Council.

REVENUE:

Con scated Property:
Con scated Property is any money that is obtained by the police department that is logged into the property room and is
not involved with a chapter 59 seizure. Examples are found money, prisoner money, evidence obtained through the course
of an investigation, etc. If we’ve identi ed the owner of the money we send them a certi ed letter to claim the money within
90 days.

Asset Forfeiture:
Asset Forfeiture account is any cash that is seized under Chapter 59 and awarded to the police department by the District
Court. This money has limitations on what it can be used for. A few examples are as follows: equipment, supplies, or
training-related expenses for the police department only. It cannot be used to generate revenue for any other department in
the city.

EXPENDITURES:

Supplies:
Any supplies related to public safety.

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