Page 49 - GFOA Draft 2

CITY OF SAGINAW
CITY OF SAGINAW
CONSOLIDATED BUDGET SUMMARY BY FUND
CONSOLIDATED BUDGET SUMMAR Y BY FUND
SCHEDULE OF SOURCES AND USES OF FUNDS
SCHEDULE OF SOURCES AND USES OF FUNDS AND CHANGES IN FUND BALANCE
AND CHANGES IN FUND BALANCE
PROPRIETARY FUNDS
Water/Wastewater Total Total Total
Escrow Enterprise All Funds All Funds All Funds
Fund Fund 2022-2023 2021-2022 2020-2021
(Adopted) (Revised) (Actual)
Revenues
Property Taxes $ - $ - $ 13,340,210 11,670,040 10,439,974
Sales Taxes 8,891,765 9,401,245 8,855,456
Other Taxes 157,065 199,520 144,174
Franchise Fees 1,648,000 1,658,255 1,561,343
Licenses,Permits,Fines/Fees - 1,708,205 1,518,085 1,968,321
Grant Assistance 46,250 80,000 58,496
Interest Income 230 85,200 437,435 472,490 26,465
Other Income 1,094,515 3,407,095 25,894,145 6,435,142
Charges for Services 10,221,105 11,211,105 12,947,495 11,624,256

Total Revenues $ 230 $ 11,400,820 $ 40,847,130 $ 63,841,275 $ 41,113,627
Other Financing Sources
Transfers from other funds $ 26,340 $ 391,110 $ 4,092,420 2,637,895 6,001,091
Bond Proceeds 16,950,000 - 9,190,927
Use of Bond Funds - - -
Use of Escrow Funds 263,430 263,430 223,660 1,032,936

Use of Beginning Fund Balance 1,401,110 30,261,130 22,969,485 1,291,835
Total Other Financing Sources $ 289,770 $ 1,792,220 $ 51,566,980 $ 25,831,040 $ 17,516,789
Total Available Resources $ 290,000 $ 13,193,040 $ 92,414,110 $ 89,672,315 $ 58,630,416

Operating Expenditures
General Gov't/Econ. Dev. $ - $ - $ 2,974,270 3,083,325 $ 5,275,463
Municipal Court 226,260 228,630 $ 191,719
Fire 4,342,010 4,008,835 $ 4,479,685
Police 6,187,005 5,336,365 $ 5,103,233
Community Services 1,974,150 1,833,655 $ 1,112,893
Library 828,505 752,595 $ 668,509
Public Works - 9,184,635 13,631,085 13,092,015 $ 11,086,247

Total Operating Expenditures $ - $ 9,184,635 $ 30,163,285 $ 28,335,420 $ 27,917,749
Other Financing Uses
Capital Outlay
General Gov't/Econ. Dev. $ - $ - $ 104,600 $ 132,365 $ 678,015
Municipal Court 16,500 $ - $ -
Fire 4,997,915 $ 6,467,460 $ 2,925,053
Police 1,072,540 $ 57,815 $ 176,444
Community Services 7,206,965 $ 217,635 $ 118,483
Library 17,920,000 $ 1,106,535 $ -

Public Works 2,926,295 19,872,995 $ 9,756,365 $ 15,335,439
Total Capital Outlay - 2,926,295 51,191,515 17,738,175 19,233,434

Debt Service 170,645 6,422,650 4,957,395 4,362,185
Transfer to Other Funds 290,000 911,465 4,092,420 2,470,180 5,892,190
Total Other Financing Uses $ 290,000 $ 4,008,405 $ 61,706,585 $ 25,165,750 $ 29,487,809

Total Uses of Resources $ 290,000 $ 13,193,040 $ 91,869,870 $ 53,501,170 $ 57,405,558
Change in Fund Balance $ (263,430) $ (1,401,110) $ (29,980,320) $ 12,978,000 $ (1,099,913)
Beginning Fund Balance $ 1,076,307 $ 7,436,061 $ 67,246,711 $ 54,268,711 $ 55,368,624

Ending Fund Balance $ 812,877 $ 6,034,951 $ 37,266,391 $ 67,246,711 $ 54,268,711

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