Page 55 - CityofSaginawFY25Budget

CITY OF SAGINAW
5-YEAR FUND SUMMARY

Explanation of Variances (cont.)

Note 5 - The $1,910,875 budgeted drawdown of General Fund balance is for special requests and one time capital purchases including
The Square developer's agreement the finance ERP conversion, and an exhaust system at Fire Station #2. There are 5 temporary
postions funded in the FY 24/25 General Fund budget. The planned $83,925 drawdown of the Debt Service Fund is due to the use of
previous year excess property tax collections required by state statue. The $296,280 increase in the Capital Projects Fund includes a
planned bond sale for McLeroy improvements and North Old Decatur Road. The use of $153,285 fund balance in the CCPD Fund is for
the replacement of patrol vehicles, radios, and an awning to protect PD vehicles from the weather. The $453,965 budgeted surplus in the
Drainage Fund will accrue for the future Saginaw Boulevard System 3 drainage project. The $725,685 use of fund balance in the Street
Maintenance Fund will be used for the reconstruction of Opal Street and East McLeroy Boulevard. The $119,775 surplus in the Donations
Fund reflects more donations being collected than spent. The respective boards and City Council will consider the use of these donated
funds during the fiscal year. The use of $1,293,175 General Escrow Fund balance reflects a transfer to the Capital Projects fund for the
North Old Decatur Road project. The $145,020 addition to the TIRZ #1 fund balance will be used for future reinvestment projects within the
reinvestment zone. The use of $303,340 Enterprise Escrow Fund balance is for the West McLeroy Phase 2 water line replacement. The
use of $1,264,555 Enterprise Fund balance is for one time capital purchases and improvements at the Park Center water facility.

% Change From Last Year

Capital Projects Fund - The increase (sources) is due to the 2025 bond issuance. The decrease (uses) is based on project timing and
spending for the year.

Crime Control and Prevention District Fund - The decrease (uses) is based on not having the ERP conversion costs for 2025.
Police Expendible Trust Fund - The decrease (sources) is due to asset forfeitures in 2024 that are not budgeted in 2025.
Drainage Utility Fund - The decrease (uses) is due to the completed East Cement Creek Drainage project in 2024.

Street Maintenance Fund- The increase (uses) is due to the East McLeroy and Opal Street projects budgeted in 2025.
Donations Fund - The decrease (uses) is due to the purchase of a sculpture with Library doantions in 2024.

General Escrow Fund - The decrease (sources) is due to a developer contribution and the General Fund transfer in 2024. The increase
(uses) is due to the North Old Decatur Road project planned for 2025.
Beltmill Public Improvement District Fund- The decrease (uses) is due to a lower developer reimbursement in 2025.

Tax Increment Reinvestment Zone #1 Fund - The increase (sources) is due to valuation of property increases which will result in
increased tax collections for 2025.

Enterprise Escrow Fund - The decrease (sources) is due to a lower planned treansfer from the Enterprise Fund in 2025. The increase
(uses) is due to the transfer to the Enterprise Fund for the West McLeroy 12" Phase 2 water line replacement in 2025.

Enterprise Fund - The increase (sources) is due to a planned Certificates of Obligation sale in 2025. The increase (uses) is due to the
Fairmont 12" sewer rehabilitation project in 2025.

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