Page 45 - CityofSaginawFY25Budget
P. 45
The Drainage Utility Fund is used to account for operation of the City’s drainage facilities.
Services of the Fund are intended to be self-supporting through fees assessed on properties
based on the storm water runoff they produce. The Drainage Utility Fund reimburses the
General Fund for the salary and benefits of two maintenance workers and the Enterprise
Fund for one half the salary and benefits of both the Environmental Manager and
Environmental Technician.
The Street Maintenance Fund tracks the revenues and expenditures from sales tax
designated for street maintenance. Voters approved the adoption of a local sales and use tax
at the rate of one-eighth of one percent to provide revenue for maintenance and repairs of
existing municipal streets. These revenues cannot be used for building new streets. The City
began receiving revenues in the latter part of 2008.
The General Government Escrow Fund is used to track receipts that are to be used for a
specific purpose. Examples of revenues and expenditures in this fund are hotel/motel tax,
court technology fees, court security fees, insurance deductibles, and gas production
proceeds.
The Water/Wastewater Escrow Fund is used to track receipts related to the utility operations
that are to be used for a specific purpose. Examples of revenue in this fund are water and
sewer impact fees.
The Donations Fund is used to track revenues received through donations for specific
purposes and the expenditure of these funds. Currently, donations are received for the
Animal Shelter, Library, Parks, Beautification, the Senior Center, Police, Fire, and the Train &
Grain Festival.
The PID Fund is used to account for assessments levied upon properties within the district
boundaries. Expenses are incurred for the repayment of debt issued to fund public
improvements within the district.
The TIRZ Fund is used to account for new revenues generated from increased values of
properties located within the Zone. Expenses are incurred for the repayment of the related
infrastructure cost.
44
