Page 26 - CityofSaginawFY25Budget
P. 26

The Enterprise Emergency Reserve has a balance of $2,910,000. The Enterprise Fund
               Emergency Reserve needs to be sufficient to operate the Water Department for three
               months.    These  funds  would  only  be  used  in  an  emergency  and  only  with  Council
               approval.

               The debt service for outstanding revenue bonds is $172,105 with $160,000 for principal
               and $12,105 for interest expense and paying agent fees.




               CONCLUSION

               I want to thank the Mayor and City Council for their guidance and decisions made during
               the budget work sessions.  I appreciate their cooperation to fund and improve the level of
               services for the City.  I believe this budget establishes a sound plan of municipal services
               and is a very informative document for all of our residents.

               Respectfully submitted,



               Gabe Reaume
               City Manager







































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