Page 12 - CityofSaginawFY26Budget

CITY OF SAGINAW
BUDGET HIGHLIGHTS
2025-2026

GENERAL ESCROW FUND

 The General Government Escrow Fund was created in FY 2014-2015 to better track
funds that are received and to be used for a specific purpose. The types of revenues
budgeted in this fund are: hotel/motel tax, court technology fees, court security fees,
developer contributions toward future infrastructure construction, and insurance
deductibles and settlements.

 The equipment replacement for the General Fund will be accounted for in the General
Escrow Fund. The equipment replacement escrow began in FY 2018-2019. The annual
contribution will be based on the useful life of the purchased asset and the estimated
replacement cost. Funding for the replacement of equipment purchased beginning in FY
2018-2019 will be in the equipment replacement escrow, as long as the annual
contribution is made. The contribution for General Fund equipment in FY 2025-2026 is
not funded.

 Revenues are budgeted at $344,875.

 A “Made in Saginaw” intern pilot program ($10,000) and a shop/eat locally pilot program
(40,000) is funded with economic development incentive escrow.

 One year funding is provided for a Destination Marketing Organization (DMO) through
the Chamber of Commerce $36,910.

 Budgeted expenditures include $10,000 entertainment for community events, $10,000
for advertising city events, a transfer to the General Fund for court security (Bailiff
$15,000), the cost of ticket writer software ($14,765), $40,865 for Farmer’s Market
administration, and insurance deductibles/repairs ($96,300).

 The budget includes expenditure of PEG fees for broadcasting equipment ($8,980) and
a transfer of previously collected developer contributions of $1,678,980 to the Capital
Projects Fund for the construction of North Old Decatur Road.

WATER/WASTEWATER ESCROW FUND

 The Water/Wastewater Escrow Fund was created in FY 2014-2015 to better track funds
that are received and to be used for a specific purpose. The types of revenues
budgeted in this fund include water impact fees.

 The equipment replacement for the Enterprise Fund will be accounted for in the
Enterprise Escrow Fund. The equipment replacement escrow began in FY 2018-2019.
The annual contribution will be based on the useful life of the purchased asset and the
estimated replacement cost. Funding for the replacement of equipment purchased
beginning in FY 2018-2019 will be in the equipment replacement escrow, as long as the
annual contribution is made. The contribution for Enterprise Fund equipment in FY
2025-2026 will be $36,215.
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