2012-2013 Budget - City of Saginaw MI

The above graph reflects numerical data from FY 2007 – FY 2011 Actual Revenues, and FY 2012 and FY 2013 ApprovedBudgets In review of the financial data, from FY 2007 through FY 2010, the city has experienced a steady decline inrevenues. This decline is attributed to the assessed real property tax values during those fiscal years. The sharp incline inthe FY 2011 is attributable to the infusion of over $1.17 million subsidy from the general fund due to the decline in realproperty tax values as well as the recognition of $123,521 of a chargeback from the county. The 2012 Approved Budgetreflects a decline from FY 2011 due to the decline in the assessed real property tax values even though the city was able torenew the special millage at 7.5 mills. FY 2013 continues to reflect the steady decline in property tax values.EXPENDITURE BUDGET SUMMARYThe Public Safety Fund expenditures will be $3,963,150for FY 2013. This budget will decrease $86,560, or -2.18% from the FY 2012 approved budgeted levels.Personnel Services will be -2.14% less than in FY 2012.The reason for the decrease in expenditures is due to thereallocation of least senior personnel into this fund fromthe General FundFUNDING LEVEL SUMMARY2008/09 2009/10 2010/11 2011/12 2011/12 2011/12 2012/13Actual Actual Actual Approved Adjusted Projected Approved3511 CPS - Police Patrol 1,716,119 1,621,083 1,581,763 1,662,650 1,662,650 1,879,568 2,311,7353513 CPS - PoliceInvestigations 641,220 554,953 734,697 694,709 694,709 416,590 03551 CPS - Fire Suppression 1,405,443 1,400,547 1,673,705 1,579,168 1,579,168 1,531,501 1,651,4153553 CPS - Fire Prevention 110,430 115,804 132,736 113,183 64,183 57,718 0Total Expenditures 3,873,212 3,692,387 4,122,901 4,049,710 4,000,710 3,885,377 3,963,150FUNDING LEVEL BY CATEGORY2008/09 2009/10 2010/11 2011/12 2011/12 2011/12 2012/13Actual Actual Actual Approved Adjusted Projected ApprovedPersonnel Services 3,873,212 3,692,387 4,122,901 4,049,710 4,000,710 3,885,377 3,963,150Operating Expenses 0 0 0 0 0 0 0Capital Outlay 0 0 0 0 0 0 0Miscellaneous 0 0 0 0 0 0 0Total Expenditures 3,873,212 3,692,387 4,122,901 4,049,710 4,000,710 3,885,377 3,963,150158