Page 70 - CityofSaginawFY25Budget

CITY OF SAGINAW
BUDGET DETAIL
2024-2025

Use of Fund Balance
$1,807,505 = 7%

Transfers In
$3,011,970 = 11%

Current Property Taxes
Interest on Investments $8,510,845 = 33%
$840,000 = 3%

Grant Assistance
$29,000 = 0%
Other Income
$264,345 = 1%
License, Permits, Fines,
and Fees
$2,233,515 = 9%
Franchise Fees
$1,776,155 = 7%
Sales Tax
$7,649,320 = 29%

REVISED ADOPTED
ACTUAL ACTUAL ACTUAL BUDGET BUDGET
DESCRIPTION 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Current Property Taxes $ 6,428,906 $ 6,945,649 $ 7,199,090 $ 7,870,195 $ 8,510,845
Sales Tax 6,679,922 7,165,452 7,895,641 8,000,000 7,649,320
Franchise Fees 1,561,343 1,629,408 1,783,344 1,650,000 1,776,155
License, Permits, Fines, and Fees 1,959,563 1,612,885 1,677,377 2,306,400 2,233,515
Other Income 424,791 446,324 855,845 1,328,845 264,345
Grant Assistance 54,950 54,347 206,975 30,735 29,000
Interest on Investments 6,911 102,447 946,360 1,120,000 840,000
Transfers In 1,956,514 2,119,143 2,342,502 2,567,210 3,011,970
Proceeds from Lease/Loan 15,000 15,000 16,914 - -
Use of Fund Balance - - - - 1,807,505
$ 19,087,901 $ 20,090,655 $ 22,924,048 $ 24,873,385 $ 26,122,655

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