Page 32 - GFOA Draft 2

CITY OF SAGINAW
BUDGET HIGHLIGHTS
2022-2023

Line item increases in Fleet Maintenance are due to the increased cost of fuel ($139,000),
maintenance supplies ($4,000), tires ($3,000), and parts ($10,000).
Line item increases in Economic Development include increases for professional services
($10,000) and dues and subscriptions ($6,000) for the sales tax data base and the Fort Worth
Chamber of Commerce

$40,000 is being transferred from the economic development reimbursement line item to
incentives. The last payment for the reimbursement agreement was made in the current fiscal
year.

Funding of $66,600 is provided to replace the digital sign on Saginaw Boulevard.
Line item increases in Information Technology are due to the increased cost of computer
equipment ($8,215) and server equipment ($4,000).

There is a $19,600 increase in Information Technology for increased backups of all email
accounts, and other supplies.
A Communications cost center is added to separate these costs. Additions to the budget include
$6,000 for social media archiving, $250 for FAA certification for drone operations, and $12,000
for a city satisfaction survey.

The transfer to the General Escrow Fund for vehicle replacement will increase by $5,760.
A total of $1,419,810 is proposed in the General Fund for one-time items described above.
American Rescue Plan Act funding will be used for $631,745 of these items and fund balance
will be reduced by $785,625.
The adopted budget has a lower property tax rate than the proposed budget. The proposed rate
was 0.513719 and the final approved rate is 0.508042. Raising some fees contributed to the
reduction in the rate, for example, garage sale permit fees were proposed to raise from $5 to $7,
but were approved at $10. Also, rental inspection fees were proposed to raise from $75 to $100,
but were approved at a rate of $125.

DEBT SERVICE FUND

The adopted budget includes $6,235,005 funding for principal and interest payments. $59,305 of
excess property tax collections from the previous year will be used for FY22-23 debt service. The
estimated fund balance at year end will be $994,404.

ENTERPRISE FUND
The City of Saginaw purchases water from the City of Fort Worth. Fort Worth has proposed a
4.23% increase in wholesale water rates. This budget includes a 4% increase in water rates for
our customers.

The City of Fort Worth bills the City of Saginaw for wastewater treatment based on the strengths
and volume that pass through the system. Fort Worth has proposed a 10.94% increase in
wastewater rates. This budget includes an 11% increase in rates for our customers.

31
Table of Contents