Page 54 - GFOA Draft 2

CITY OF SAGINAW
5-YEAR FUND SUMMARY

Explanation of Variances (cont.)
Note 4 - The $1,901,425 budgeted drawdown of General Fund balance is for one time capital purchases and
the $1,303,320 payment of "The Square" developer agreement. The planned $94,400 drawdown of the Debt
Service Fund is due to the use of previous year excess property collections required by state statue. The
$7,321,610 drawdown in the Capital Projects Fund reflects the use of bond proceeds for the Fire Station,
Phase 1 of Knowles Drive improvements, and design of the Library and Senior Citizen's Center. The $20,745
deficit in the CCPD Fund was for the replacement of patrol vehicles. The $557,045 surplus in the Drainage
Fund is due to the delay of the East Cement Creek Drainage project. The surplus will be appropriated once
utility relocation is completed and the project has been bid. The $202,590 surplus in the Street Maintenance
Fund reflects the delay of several street projects due to staffing shortages. Funding for these projects will be
appropriated when a revised work schedule is available. The $66,420 surplus in the Donations Fund reflects no
budgeted use of Parks donations. The $94,365 surplus in the General Escrow Fund reflects a transfer from
General Fund for future equipment replacement, as well as, more collections for court security and hotel/motel
tax than budgeted expenses. The use of $223,660 Enterprise Escrow Fund balance is for the Fort Worth water
meter station upgrade construction. The planned $517,935 use of Enterprise Fund balance is due to the
budgeted developer's agreement payment for "The Square".

Note 5 - The $785,625 budgeted drawdown of General Fund balance is for one time capital purchases and
$631,745 of ARPA funding will also be used for one time items. The planned $59,305 drawdown of the Debt
Service Fund is due to the use of previous year excess property collections required by state statue. The
$24,070,865 drawdown in the Capital Projects Fund reflects the use of bond proceeds for the second and third
Phases of Knowles Drive reconstruction, the start of construction on the Library and Senior Citizen's Center,
Park improvements, and other Streets construction projects. The $486,290 deficit in the CCPD Fund was for
the replacement of patrol vehicles, bullet resistant vests, and associated equipment. The $1,717,725 surplus in
the Drainage Fund will be used for one time items such as heavy equipment and the East Cement Creek
Drainage project that had previously been delayed. The $978,295 is a surplus in the Street Maintenance Fund
will be used for the Pavement Replacement Program, which include Knowles Drive from Park Center to Bailey
Boswell. The $51,980 surplus in the Donations Fund reflects budgeted use of different Donation programs.
The $263,430 surplus in the General Escrow Fund reflects a transfer from General Fund for future equipment
replacement based on estimated replacement cost. The use of $1,401,110 Enterprise Escrow Fund balance is
for capital projects including the Beltmill Pump Station and for the Northwest Booster Pump Station. The other
funds, Beltmill PID and TIRZ are new funds that have been recently created so there are no current variances to
report.

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