Page 44 - CityofSaginawFY25Budget

GENERAL FUND

The General Fund is the major operating fund of the City. It is used to account for all revenues
and expenditures except those required to be accounted for in another fund. Expenditures for
General Administration, the Municipal Court, the Fire Department, the Police Department, Public
Services, Park Maintenance, the Community Services Department, the Library, Inspections/Code
Enforcement, Animal Services, Fleet Maintenance, and the Economic Development Department,
and Information Technology are included in the City’s General Fund.

DEBT SERVICE FUND
The Debt Service Fund is used to account for the accumulation of resources for, and the payment
of, general obligation long-term debt principal and interest.

CAPITAL PROJECTS FUND
The Capital Projects Fund is used to account for the financing and construction of Governmental
Fund projects funded by general obligation bonds, certificates of obligation bonds, tax notes or

cash balances.

ENTERPRISE FUND
The Enterprise Fund is used to account for operations of the City’s water and sewer activities that
are financed and operated in a manner similar to those of private business enterprises. Services
of the Fund are intended to be self-supporting through user charges. The Enterprise Fund
reimburses the General Fund for operating expenses such as building rental, data processing,
and other administrative expenses.

SPECIAL REVENUE FUNDS
Special Revenue Funds account for resources restricted for specific purposes. This restriction
may be legal or administrative. Saginaw’s Special Revenue Funds consist of the CCPD (Crime
Control and Prevention District) Fund, the Police Expendable Trust Fund, the Drainage Utility
Fund, the Street Maintenance Fund, the General Government Escrow Fund, the
Water/Wastewater Escrow Fund, Donations Fund, PID (Public Improvement District) Fund, and
the TIRZ (Tax Increment Reinvestment Zone) Fund.

The CCPD Fund is used to track revenues from sales tax designated for this fund and

expenditures related to the CCPD. The General Fund will be reimbursed for a portion of
police officer salaries from this fund.

The Police Expendable Trust Fund accounts for confiscated and asset forfeitures that are
awarded to the City and approved expenditures.

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