2012-2013 Budget - City of Saginaw MI

REVENUE BUDGET SUMMARYCLEAN ENERGY COALITION (CEC)The Clean Energy Coalition Fund accounts for theprojects that provides and promotes clean energytechnology within the City of Saginaw. The majorsource of revenues is the grant monies received from theState of Michigan through MSHDA. By accepting thisgrant, the City is committed to continual savings andenergy efficiencies. Project Income is expected andthose monies must be reallocated into additional energysavings projects. CEC Revenues for FY 2013 will be$146,150, which represents -44.33% decrease from theFY 2012 Approved Budget. The major revenue sourcefor this fund is “Use of Fund Equity”, which isanticipated to be $100,000 in FY 2013. The appropriationof the reserves is possible by a loan received fromSaginaw County for the installation of solar panels in FY2012.SUMMARY OF REVENUES2008/09 2009/10 2010/11 2011/12 2011/12 2011/12 2012/13Actual Actual Actual Approved Adjusted Projected ApprovedFederal Grant 0 0 233,878 262,549 262,549 4,253 0Reimbursements 0 0 0 0 0 0 6,150Use of Fund Equity 0 0 0 0 0 0 100,000Transfers from Other Funds 0 0 0 0 0 100,000 40,000REVENUE TRENDSTotal Revenues 0 0 233,878 262,549 262,549 104,253 146,150300,000Total Clean Energy Coaltion RevenuesSince 2011250,000200,000150,000Total CEC Revenues100,00050,000-2011 2012 2013The above graph reflects numerical data from FY 2011 Actual Revenues, FY 2012 Approved Revenues, and FY 2013Approved Budget. The revenue trend above illustrates a drop in revenue in FY 2013 mainly due to the elimination ofgrant funding.183