Page 32 - CityofSaginawFY25Budget

CITY OF SAGINAW

BUDGET HIGHLIGHTS

2024-2025

One-time expenses in the Communications budget include $10,500 for year 3 of a satisfaction survey, $3,500 for
communication certification, $2,490 for public information officer training, $12,000 for updating City branding,
$28,350 for mailing the Inside Saginaw Newsletter.

A total of $1,910,875 is proposed in the General Fund for one-time items described above. The General Fund
balance will be reduced by $1,910,875.

DEBT SERVICE FUND

The Adopted budget includes $6,976,905 funding for principal and interest payments. $83,925 of property tax
collections from the previous year will be used for FY24-25 debt service. The estimated fund balance at year end
will be $1,471,602.

ENTERPRISE FUND

The City of Saginaw purchases water from the City of Fort Worth. Fort Worth has proposed a 2% decrease in
wholesale water rates. This budget includes a 2% decrease in water rates for our customers.

The City of Fort Worth bills the City of Saginaw for wastewater treatment based on the strengths and volume that
pass through the system. Fort Worth has proposed a 5.89% increase in wastewater rates. This budget includes a 6%
increase in rates for our customers.

The average customer using 8,000 gallons of water per month will see a monthly increase of $1.67 as a result of the
water and sewer rate changes.

The adopted budget includes: increased funding for valve and fire hydrant meter maintenance ($90,000), a jack
hammer attachment for the backhoe ($14,000), a pull behind jet trailer ($85,500), a water/wastewater rate study and
rate model ($50,000), and 50% funding ($25,000) for the home renovation incentive program, SHIP.

Funding is included for the balance of “The Square” economic development agreement $162,255.

Water Master Plan model update and pump station testing $80,000.

Construction of the Fairmont 12” Sanitary Sewer Rehabilitation Phase 2 project $3,200,000 is budgeted. Certificate
of obligations will be issued for this project.

Construction of the W McLeroy 12” Water Line Project ($615,250) will be partially funded with water impact fees
($360,000).

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