Page 255 - CityofSaginawFY25Budget
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CITY OF SAGINAW
GENERAL GOVERNMENT ESCROW FUND
OVERVIEW OF REVENUES AND EXPENDITURES
2024-2025
The General Government Escrow Fund was created in FY 2014-2015 to better track funds that are
received and are to be used for a specific purpose. These receipts will remain in the General
Government Escrow Fund until an appropriate expense is approved by the City Council.
REVENUE:
Hotel/Motel Tax - 15%
This is the City's share of hotel/motel tax collected by the state. This portion of collections may be
used for the promotion of the arts.
Hotel/Motel Tax - 85%
The 85% balance of hotel/motel tax collections is reserved for promotional activities.
Court Technology Fees
For every citation issued, a $4 fee is assessed to be used for court technology.
Court Security Fees
For every citation issued, a $3 fee is assessed to be used for court security.
Gas Production Proceeds
Rents, royalties, and bonuses paid to the City as a result of natural gas drilling leases.
Insurance Deductible
Insurance claims revenue/reimbursements.
Transfer from Other Funds
Beginning in FY18/19 an annual contribution for an equipment replacement escrow based on
estimated replacement cost divided by the estimated useful life of the equipment.
EXPENDITURES:
Hotel Motel Tax Expenses
FY 24/25 includes promotion of arts and the "Train and Grain" festival, advertising, and Farmer's
Market Management.
Court Technology Fees
Funding for the ticket software is included in the FY24/25 budget.
Court Security Expenses
Budgeted expenses are to reimburse the General Fund for bailiff services.
Insurance Deductible
These expenses are repairs to damaged property and other expenses covered by insurance.
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