2012-2013 Budget - City of Saginaw MI

The above graph reflects numerical data from FY 2002-FY 2011 Actual Revenues, FY 2012 Approved Budget, and FY2013 Approved Budget. Rubbish Collection revenues have been steady from fiscal year 2001 – 2006, however, in fiscalyears 2007 and 2008 revenues spiked due to an adjustment to the household fees for unrecognized/deferred revenues.These deferred monies are considered to be one-time revenue source, which resulted in a decline in revenues for fiscalyears 2009 and 2010. In FY 2011, there appears to be a continual downward revenue trend due to the decline in cityproperty taxes collected. In FY 2012, the city switched from a system that was strictly reliant on property taxes to a flatfee which will offset the loss of property tax revenues. FY 2012 and FY 2013 reflect a gradual increase to the revenuestream based on actual usage of the system and the appropriation of fund equity.DETAIL REVENUES ANALYSIS2008/09 2009/10 2010/11 2011/12 2011/12 2011/12 2012/13Actual Actual Actual Approved Adjusted Projected ApprovedReal Property 1,700,186 1,612,143 1,408,767 0 0 0 0Real Property - IFT 2,205 0 0 0 0 0 0Personal Property 226,162 215,130 210,470 0 0 0 0Personal Property - IFT 21,797 0 0 0 0 0 0Personal Property - DPPT 0 0 0 0 0 8,746 0Property Taxes -Chargeback (163,865) (95,348) (127,056) 0 0 (2,388) 0Penalties and Interest 54 0 0 0 0 0 0PILOT - Housing Com0 0 33,603 0 0 0 0Sale of Junk 1,938 0 0 0 0 140 140Sale of Recycling Bins 0 0 0 0 0 6,411 0Materials and Services 0 0 244 0 0 0 0Household Rubbish Fees 1,172,397 1,059,375 1,079,874 3,460,380 3,460,380 3,535,598 3,271,455Trash Removal 61,873 3,184 0 48,000 48,000 246 48,000Compost Site Dump Fees 243,036 248,290 221,830 240,000 240,000 241,927 240,000Interest on Investments 6,084 1,395 2,381 2,500 2,500 (1,237) 2,500Interest on Spec Asmts 2,120 738 10,775 500 500 0 500Penalties on Rubbish Fees 19,501 54,550 0 15,500 15,500 0 15,500Special Assessments 485,160 23,482 48,104 25,000 25,000 (41,947) 25,000Surplus Receipts 0 0 0 0 0 0 0Reimbursement 0 0 473 0 0 162 0Use of Fund Equity 0 0 0 0 29,756 0 458,112Total Revenues 3,778,648 3,122,939 2,889,465 3,791,880 3,821,636 3,751,839 4,061,207148