Page 22 - CityofSaginawFY25Budget

Other major issues in each of the operating funds of the City are outlined as follows:

GENERAL FUND

This year our estimated General Fund Revenues total $24,315,150. Expenditures total
$26,226,025. The difference of $1,910,875 will be funded using existing fund balance.
The draw-down of fund balance will be used for non-recurring and one-time capital
purchases. Examples of one-time expenditures include an apparatus exhaust system for
the Fire Department, a building maintenance van for Public Services, many repairs and
improvements to the Recreation Center including new flooring and a storage building.
Our ending balance on September 30, 2025 is estimated at $12,403,309.

The two major sources of revenue consist of $7,649,320 from sales tax revenue and
$8,510,845 from ad valorem tax revenue. The 2024 taxable value is $3,112,559,833 and
reflects $30,041,510 in new construction. The approved budget is based on a 2024 tax
rate of $0.493747, with $0.27533 for maintenance and operations, and $0.218417 for
debt service.

Sales tax revenues fluctuate from month to month but have remained strong for the last
several years. We estimate that we will receive $7,649,320 in sales tax revenue, which
is higher than the amount we collected in FY2023-2024.

General Fund expenditures have increased by $3,650,415 when compared to the
previous year’s revised budget. The increase is due to increases in all department
budgets for salaries and insurance.

A separate document (Budget Guidelines) is prepared for Department Heads and
identifies the expenditures by account number with explanations for each. The FY 2023-
2024 General Fund Revised Budget is $22,752,675. The approved 2024-2025 budget is
$24,315,150.

The following chart shows the changes in expenditures for each department in the
General Fund.

General Fund Expenditures

Actual Revised Adopted Percent
Department
FY22/23 FY23/24 FY24/25 Change

General Administrative Office 2,630,675 2,421,600 3,036,780 20.3%

Municipal Court 217,936 256,205 253,440 -1.1%

Fire 4,625,957 4,734,170 5,541,440 14.6%

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