Page 251 - GFOA Draft 2

CITY OF SAGINAW
WATER/WASTEWATER ESCROW FUND
OVERVIEW OF REVENUES AND EXPENDITURES
2022-2023

The Water/Wastewater Escrow Fund was created in FY 2014-2015 to better track funds that are received and are to be
used for a specific purpose. These receipts will remain in the Water/Wastewater Escrow Fund until an appropriate expense
is approved by the City Council.

REVENUE:
Water Impact Fees
Fees collected from a developer to recover costs of water capital improvements related to the new development.

Wastewater Impact Fees
Fees collected from a developer to recover costs of wastewater capital improvements related to the new development.

EXPENDITURES:
Transfer to Enterprise Fund for Water and Wastewater Capital Projects
These are City Council approved capital projects that are appropriately funded by impact fees collected from developers.
In FY 22/23 impact fees will help fund the NW Booster Pump.

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