Page 17 - Saginaw FY24 Adopted Budget

CITY OF SAGINAW
BUDGET HIGHLIGHTS
2023-2024

DONATIONS FUND:

• The Donations Fund is used to track funds received through water bill donations and
direct donations to the City for specific purposes. Currently Animal Services, Parks,
Library, Senior Center, Fire, Police, Train and Grain Festival, Beautification, and
community events have donation funds available for expenditure.

• Recurring expenses in this fund include the annual Fire Camp and Easter egg hunt from
Fire donations, highway mowing, street light pole painting, and holiday lighting from
Beautification donations, supplies and animal care from Animal Shelter donations,
Senior Center supplies from Senior Center donations, and books, data processing
expense, supplies, and special programming from Library donations. Parks donations
fund the ongoing cost of the outdoor early weather warning system. It is anticipated that
the Train and Grain Festival will be held in 2024 and will be funded through donations.

• Library donations will fund seasonal student apprentices. The seasonal positions will
enable the library to meet the higher demands of the summer season.

• Beautification donations will continue a public art program ($25,000) and tree planting in
the parks ($5,000). An additional $5,000 for tree planting is funded with Parks
donations.

GENERAL ESCROW FUND

• The General Government Escrow Fund was created in FY 2014-2015 to better track
funds that are received and to be used for a specific purpose. The types of revenues
budgeted in this fund are: hotel/motel tax, court technology fees, court security fees, gas
production proceeds, and insurance deductibles and settlements.

• The equipment replacement for the General Fund will be accounted for in the General
Escrow Fund. The equipment replacement escrow began in FY 2018-2019. The annual
contribution will be based on the useful life of the purchased asset and the estimated
replacement cost. Funding for the replacement of equipment purchased beginning in FY
2018-2019 will be in the equipment replacement escrow, as long as the annual
contribution is made. The contribution for General Fund equipment in FY 2023-2024 is
$102,945.

• Revenues are budgeted at $349,385.

• Budgeted expenditures include $10,000 entertainment for the “Train and Grain” festival,
$10,000 for advertising a city event, a transfer to the General Fund for court security
(Bailiff $9,500), the replacement of one ticket writer ($3,000), $30,000 for Farmer’s
Market administration, and insurance deductibles/repairs ($86,000).

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