Page 19 - Saginaw FY24 Adopted Budget

CITY OF SAGINAW
BUDGET SUMMARY - ALL FUNDS
2023-2024

DEBT CAPITAL POLICE DRAINAGE STREET GENERAL W/WW BELTMILL
GENERAL SERVICE ENTERPRISE PROJECTS CCPD EXPENDABLE UTILITY MAINTENANCE DONATIONS ESCROW ESCROW PID TIRZ TOTAL
DESCRIPTION FUND FUND FUND FUND FUND FUND FUND FUND FUND FUND FUND FUND FUND ALL FUNDS

BEGINNING FUND BALANCE $ 12,065,453 $ 1,303,014 $ 7,929,526 $ 14,387,391 $ 820,060 $ 12,610 $ 2,694,217 $ 865,043 $ 642,801 $ 1,945,198 $ 958,599 $ 519,801 $ 10,865 $ 44,154,578
Current Property Taxes $ 7,805,825 $ 6,943,825 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 58,705 $ 14,808,355
Sales Tax 7,458,265 - - - 1,807,485 - - 633,815 - 9,899,565

Other Taxes, Fines & Fees 3,252,920 12,000 - - - - - - - 132,235 3,397,155

Interest on Investments 540,000 140,000 420,000 818,800 36,000 350 120,000 84,000 16,205 23,640 29,450 20,400 240 2,249,085
Transfer from Other Funds 2,564,510 - 574,600 - - - - - - 102,945 36,215 3,278,270
Water Charges & Fees - - 10,573,865 - - - - - - 10,573,865
Drainage Utility Fees - - - - - - 1,020,000 - - 1,020,000
Grant Assistance 25,000 - - - - - - - - 25,000

Other Revenue 259,755 - 3,243,225 335,000 - - - - 335,875 90,565 495,910 41,685 4,802,015

TOTAL REVENUES $ 21,906,275 $ 7,095,825 $ 14,811,690 $ 1,153,800 $ 1,843,485 $ 350 $ 1,140,000 $ 717,815 $ 352,080 $ 349,385 $ 65,665 $ 516,310 $ 100,630 $ 50,053,310

Use of Reserves for Special Requests 669,335 148,925 133,410 - - - - 951,670
Use of Reserves for Debt Service 7,470 7,470
Use of Reserves for Capital Projects - - 7,217,470 - 1,403,845 782,185 - 385,335 9,788,835

Use of Reserves-Other - - 12,150 - - - 12,150

TOTAL RESOURCES $ 22,575,610 $ 7,103,295 $ 14,960,615 $ 8,371,270 $ 1,976,895 $ 12,500 $ 2,543,845 $ 1,500,000 $ 352,080 $ 349,385 $ 451,000 $ 516,310 $ 100,630 $ 60,813,435
Operating $ 21,793,330 $ 17,000 $ 9,756,835 $ - $ 273,350 $ 12,500 $ 80,000 $ 600,000 $ 208,670 $ 126,500 $ - $ 18,960 $ 30,000 $ 32,917,145

Capital Outlay/Special Requests 679,335 - 3,922,000 8,371,270 374,700 - 2,200,000 900,000 35,000 13,000 16,495,305

Debt Service Payments - 7,086,295 170,175 - - - - - - - 7,256,470

Transfers to Other Funds 102,945 - 1,111,605 - 1,328,845 - 263,845 - 10,530 9,500 385,335 3,212,605

TOTAL EXPENSES/EXPENDITURES $ 22,575,610 $ 7,103,295 $ 14,960,615 $ 8,371,270 $ 1,976,895 $ 12,500 $ 2,543,845 $ 1,500,000 $ 254,200 $ 149,000 $ 385,335 $ 18,960 $ 30,000 $ 59,881,525
ENDING FUND BALANCE $ 11,396,118 $ 1,295,544 $ 7,780,601 $ 7,169,921 $ 686,650 $ 460 $ 1,290,372 $ 82,858 $ 740,681 $ 2,145,583 $ 638,929 $ 1,017,151 $ 81,495 $ 34,326,363

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