2012-2013 Budget - City of Saginaw MI

REVENUE BUDGET SUMMARYANDERSEN ENRICHMENT CENTERThe Andersen Enrichment Center Fund accounts for theoperation, maintenance expenditures, and buildingrentals for the Andersen Enrichment Center. This fundalso accounts for the private donations and individualcontributions received by the Saginaw CommunityEnrichment Commission to provide financial support tocultural and creative art organizations and to sponsorvarious social and community events to improve thequality of life in the City. The major revenue source forthis fund is “Other Revenues”, which is anticipated to be$123,591 in FY 2013. The 2013 Approved RevenueBudget for the Andersen Enrichment Center Fund willbe $221,594. This represents a $6,666 reduction fromthe previous fiscal year. This decrease is attributed to areduction in Other Revenues specifically a reduction inthe Andersen Center Revenue account.SUMMARY OF REVENUES2008/09 2009/10 2010/11 2011/12 2011/12 2011/12 2012/13Actual Actual Actual Approved Adjusted Projected ApprovedFederal Grants 30,050 24,535 24,040 36,939 36,939 20,250 36,939Interest and Rents 48,937 50,835 48,861 49,589 49,589 33,481 49,589Other Revenues 168,162 135,243 136,512 130,190 130,190 143,103 123,591Use of Fund Equity 0 0 0 0 0 8,916 11,475Transfers from Other Funds 16,202 10,412 11,674 11,542 11,542 11,542 0Total Revenues 263,351 221,025 221,087 228,260 228,260 217,292 221,594REVENUE TRENDS300,000Total Andersen Enrichment CenterRevenues Since 2002250,000200,000150,000100,000TotalAndersenCenterRevenues50,000-2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013The above graph reflects numerical data from FY 2002 – FY 2011 Actual Revenues, FY 2011 Approved Revenues, andFY 2013 Approved Budget. The revenue trend above illustrates two significant drops in revenue, one in 2003 andanother in 2006. Both decreases were due to significant drop in contributions to the Andersen Enrichment Center fromprivate donors. From 2007 through 2009 those same contributions averaged over $100,000 per year before it decreasedslightly in 2010. Revenues have remained fairly consistent since 2010 through the present.187