Page 259 - CityofSaginawFY25Budget

CITY OF SAGINAW
WATER/WASTEWATER ESCROW FUND

OVERVIEW OF REVENUES AND EXPENDITURES
2024-2025

The Water/Wastewater 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
Water/Wastewater Escrow Fund until an appropriate expense is approved by the City Council.

REVENUE

Water Impact Fees
Fees were collected from a developer to recover costs of water capital improvements related to the
new development. The City of Saginaw no longer collects water impact fees.

Wastewater Impact Fees
Fees were collected from a developer to recover costs of wastewater capital improvements related
to the new development. The City of Saginaw no longer collects wastewater impact fees.

EXPENDITURES:

Transfer to Enterprise Fund for Water and Wastewater Capital Projects
These are City Council approved capital projects that are appropriately funded by impact fees
collected from developers. In FY 24/25 will help fund the water capital project of the McLeroy 12"
water line replacement.

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